v3.24.3
Segment Information - Reconciliation to Net Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]        
Depreciation and Amortization [1] $ 322 $ 301 $ 959 $ 907
Net interest and other financial costs 226 225 692 701
Income from equity method investments 149 159 631 438
Net income 1,047 928 3,248 2,822
Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Adjusted EBITDA 1,714 1,596 5,002 4,646
Segment Reconciling Items [Member]        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Distributions/adjustments related to equity method investments 253 208 671 551
Adjusted EBITDA attributable to noncontrolling interests 11 11 33 31
Garyville incident response costs 0 (63) [2] 0 (63) [2]
Other Noncash Income (Expense) [3] 26 41 96 71
L&S        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Depreciation and Amortization 132 130 393 399
L&S | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Adjusted EBITDA [4] 1,157 1,091 3,384 3,139
Income from equity method investments 80 95 429 248
G&P        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Depreciation and Amortization 190 171 566 508
G&P | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Adjusted EBITDA [4] 557 505 1,618 1,507
Income from equity method investments $ 69 $ 64 $ 202 $ 190
[1] Depreciation and amortization attributable to L&S was $132 million and $393 million for the three and nine months ended September 30, 2024, respectively, and $130 million and $399 million for the three and nine months ended September 30, 2023, respectively. Depreciation and amortization attributable to G&P was $190 million and $566 million for the three and nine months ended September 30, 2024, respectively, and $171 million and $508 million for the three and nine months ended September 30, 2023, respectively.
[2] In August 2023, a naphtha release and resulting fire occurred at our Garyville Tank Farm resulting in the loss of four storage tanks with a combined shell capacity of 894 thousand barrels. We incurred $63 million of incident response costs during the three and nine months ended September 30, 2023.
[3] Includes unrealized derivative gain/(loss), equity-based compensation, provision for income taxes, and other miscellaneous items.
[4] See below for the reconciliation from Segment Adjusted EBITDA to Net income.