v3.24.3
Segment Information - Segment Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Mar. 29, 2024
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,345 $ 2,283 $ 6,772 $ 6,486  
Sales-type lease revenue 34 34 102 101  
Income from equity method investments 149 159 631 438  
Revenues 2,972 2,912 8,870 8,315  
Capital Expenditure     720 668  
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures         $ 92
Nonrelated Party [Member]          
Segment Reporting Information [Line Items]          
Rental income 63 61 187 181  
Other Income 7 7 58 28  
L&S          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax 1,163 1,136 3,381 3,237  
L&S | Nonrelated Party [Member]          
Segment Reporting Information [Line Items]          
Revenues 196 207 779 564  
G&P          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax 1,182 1,147 3,391 3,249  
G&P | Nonrelated Party [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,285 1,248 3,705 3,553  
Operating Segments          
Segment Reporting Information [Line Items]          
Adjusted EBITDA 1,714 1,596 5,002 4,646  
Operating Segments | L&S          
Segment Reporting Information [Line Items]          
Rental income 223 216 666 638  
Sales-type lease revenue 118 129 359 379  
Income from equity method investments 80 95 429 248  
Other Income 33 15 113 47  
Revenues [1] 1,617 1,591 4,948 4,549  
Adjusted EBITDA [2] 1,157 1,091 3,384 3,139  
Capital Expenditure 112 73 299 251  
Investments in unconsolidated affiliates(3) 10 7 103 [3] 23  
Operating Segments | G&P          
Segment Reporting Information [Line Items]          
Rental income 56 52 165 155  
Sales-type lease revenue 34 34 102 101  
Income from equity method investments 69 64 202 190  
Other Income 14 24 62 71  
Revenues [1] 1,355 1,321 3,922 3,766  
Adjusted EBITDA [2] 557 505 1,618 1,507  
Capital Expenditure 189 151 421 417  
Investments in unconsolidated affiliates(3) 22 6 83 67  
Service [Member] | Operating Segments | L&S          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax 1,158 1,130 3,367 3,223  
Service [Member] | Operating Segments | G&P          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax 617 549 1,785 1,620  
Product [Member] | Operating Segments | L&S          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax 5 6 14 14  
Product [Member] | Operating Segments | G&P          
Segment Reporting Information [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax $ 565 $ 598 $ 1,606 $ 1,629  
[1] Within the total segment revenues and other income amounts presented above, third party revenues for the L&S segment were $196 million and $779 million for the three and nine months ended September 30, 2024, respectively, and $207 million and $564 million for the three and nine months ended September 30, 2023, respectively. Third party revenues for the G&P segment were $1,285 million and $3,705 million for the three and nine months ended September 30, 2024, respectively, and $1,248 million and $3,553 million for the three and nine months ended September 30, 2023, respectively.
[2] See below for the reconciliation from Segment Adjusted EBITDA to Net income.
[3] The nine months ended September 30, 2024 includes a contribution of $92 million to Dakota Access to fund our share of a debt repayment by the joint venture.