v3.24.1.u1
Segment Disclosures (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Reconciliation of Modified EBITDA to Net income (loss) [Table Text Block]
The following table reflects the reconciliation of Modified EBITDA to Net income (loss) as reported in our Consolidated Statement of Income:
Three Months Ended March 31,
20242023
(Millions)
Modified EBITDA by segment:
Transmission & Gulf of Mexico$829 $715 
Northeast G&P504 470 
West327 304 
Gas & NGL Marketing Services
101 567 
Total reportable segments
1,761 2,056 
Modified EBITDA of other business activities
76 74 
1,837 2,130 
Accretion expense associated with asset retirement obligations for nonregulated operations(18)(15)
Depreciation and amortization expenses(548)(506)
Equity earnings (losses)137 147 
Other investing income (loss) – net24 8 
Proportional Modified EBITDA of equity-method investments(228)(229)
Interest expense(349)(294)
(Provision) benefit for income taxes(193)(284)
Net income (loss)$662 $957 
Reconciliation of revenue from segment to consolidated [Table Text Block]
The following table reflects the reconciliation of Segment revenues to Total revenues as reported in our Consolidated Statement of Income:
Transmission & Gulf of Mexico
Northeast G&PWestGas & NGL Marketing Services (1)OtherEliminationsTotal
(Millions)
Three Months Ended March 31, 2024
Segment revenues:
Service revenues
External
$1,029 $475 $397 $— $4 $— $1,905 
Internal
20 4 40 — — (64)— 
Total service revenues1,049 479 437 — 4 (64)1,905 
Total service revenues – commodity consideration9 5 16 — — — 30 
Product sales
External
30 2 72 707 34 — 845 
Internal
31 23 176 (120)74 (184)— 
Total product sales61 25 248 587 108 (184)845 
Net gain (loss) from commodity derivatives
Realized— — — 81 5 — 86 
Unrealized— — — (98)3 — (95)
Total net gain (loss) from commodity derivatives (2)
— — — (17)8 — (9)
Total revenues$1,119 $509 $701 $570 $120 $(248)$2,771 
Three Months Ended March 31, 2023
Segment revenues:
Service revenues
External$915 $443 $332 $1 $3 $— $1,694 
Internal25 11 24 — — (60)— 
Total service revenues940 454 356 1 3 (60)1,694 
Total service revenues – commodity consideration12 6 18 — — — 36 
Product sales
External24 8 19 776 18 — 845 
Internal31 41 71 (101)84 (126)— 
Total product sales55 49 90 675 102 (126)845 
Net gain (loss) from commodity derivatives
Realized— — 39 117 18 — 174 
Unrealized— — — 338 (6)— 332 
Total net gain (loss) from commodity derivatives (2)
— — 39 455 12 — 506 
Total revenues$1,007 $509 $503 $1,131 $117 $(186)$3,081 
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(1)    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.
(2)    We record transactions that qualify as commodity derivatives at fair value with changes in fair value recognized in earnings in the period of change and characterized as unrealized gains or losses. Gains and losses from commodity derivatives held for energy trading purposes are presented on a net basis in revenue.