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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue Recognition [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table presents our revenue disaggregated by major service line:
Regulated Interstate Transportation & Storage
Gulf of Mexico Midstream & Storage
Northeast
Midstream		West MidstreamGas & NGL Marketing ServicesOtherEliminationsTotal
(Millions)
Three Months Ended March 31, 2024
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$880 $— $— $— $— $— $(21)$859 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration— 145 444 430 — — (38)981 
Commodity consideration— 9 5 16 — — — 30 
Other4 9 24 6 — — (5)38 
Total service revenues884 163 473 452 — — (64)1,908 
Product sales25 37 25 248 1,306 108 (318)1,431 
Total revenues from contracts with customers909 200 498 700 1,306 108 (382)3,339 
Other revenues (1)8 3 11 1 833 12 — 868 
Other adjustments (2)— — — — (1,569)— 133 (1,436)
Total revenues$917 $203 $509 $701 $570 $120 $(249)$2,771 
Three Months Ended March 31, 2023
Revenues from contracts with customers:
Service revenues:
Regulated interstate natural gas transportation and storage$813 $— $— $— $— $— $(11)$802 
Gathering, processing, transportation, fractionation, and storage:
Monetary consideration (3)
— 104 422 351 — — (44)833 
Commodity consideration— 12 6 18 — — — 36 
Other (3)
4 2 25 2 1 — (4)30 
Total service revenues817 118 453 371 1 — (59)1,701 
Product sales22 36 49 90 1,373 102 (254)1,418 
Total revenues from contracts with customers839 154 502 461 1,374 102 (313)3,119 
Other revenues (1)13 4 7 42 1,916 15 — 1,997 
Other adjustments (2)— — — — (2,159)— 124 (2,035)
Total revenues$852 $158 $509 $503 $1,131 $117 $(189)$3,081 
______________________________
(1)Revenues not derived from contracts with customers primarily consist of physical product sales related to commodity derivative contracts, realized and unrealized gains and losses associated with our commodity derivative contracts, which are reported in Net gain (loss) from commodity derivatives in our Consolidated Statement of Income, management fees that we receive for certain services we provide to operated equity-method investments, and leasing revenues associated with our headquarters building.
(2)Other adjustments reflect certain costs of Gas & NGL Marketing Services’ risk management activities. As we are acting as agent for natural gas marketing customers or engage in energy trading activities, the resulting revenues are presented net of the related costs of those activities in our Consolidated Statement of Income.
(3)Certain contractual reimbursements of operating and maintenance costs totaling $42 million for the three months ended March 31, 2023, previously included in Other are now presented in Monetary consideration to conform to the current presentation.
Contract with Customer, Asset and Liability [Table Text Block]
Contract Assets
The following table presents a reconciliation of our contract assets:
Three Months Ended  
March 31,
20242023
(Millions)
Balance at beginning of period$36 $29 
Revenue recognized in excess of amounts invoiced41 43 
Minimum volume commitments invoiced(27)(30)
Balance at end of period$50 $42 
Contract Liabilities
The following table presents a reconciliation of our contract liabilities:
Three Months Ended  
March 31,
20242023
(Millions)
Balance at beginning of period$1,081 $1,043 
Payments received and deferred42 29 
Significant financing component2 2 
Contract liability acquired (disposed) – net— 5 
Recognized in revenue(72)(69)
Balance at end of period$1,053 $1,010 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]
The following table presents the amount of the contract liabilities balance expected to be recognized as revenue when performance obligations are satisfied and the transaction price allocated to the remaining performance obligations under certain contracts as of March 31, 2024.
Contract LiabilitiesRemaining Performance Obligations
(Millions)
2024 (nine months)
$116 $2,845 
2025 (one year)
148 3,530 
2026 (one year)
139 3,329 
2027 (one year)
127 2,776 
2028 (one year)
112 2,380 
Thereafter
411 13,624 
   Total$1,053 $28,484 
Contract With Customer Accounts Receivable
The following is a summary of our Trade accounts and other receivables:
March 31, 2024December 31, 2023
(Millions)
Accounts receivable related to revenues from contracts with customers$1,156 $1,292 
Receivables from derivatives163 311 
Other accounts receivable36 52 
Trade accounts and other receivables
$1,355 $1,655