v3.24.3
Segment Disclosures (Tables)
 9 Months Ended
Sep. 30, 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  
September 30,		Nine Months Ended  
September 30,
2024202320242023
(Millions)
Modified EBITDA by segment:
Transmission & Gulf of Mexico$811 $881 $2,448 $2,327 
Northeast G&P476 454 1,461 1,439 
West323 315 968 931 
Gas & NGL Marketing Services
11 43 (14)678 
Total reportable segments
1,621 1,693 4,863 5,375 
Modified EBITDA of other business activities
58 81 181 196 
1,679 1,774 5,044 5,571 
Accretion expense associated with asset retirement obligations for nonregulated operations(17)(14)(56)(43)
Depreciation and amortization expenses(566)(521)(1,654)(1,542)
Equity earnings (losses)147 127 431 434 
Other investing income (loss) – net290 24 332 45 
Proportional Modified EBITDA of equity-method investments(227)(215)(693)(693)
Interest expense(338)(314)(1,026)(914)
(Provision) benefit for income taxes(227)(176)(549)(635)
Income (loss) from discontinued operations— (1)— (88)
Net income (loss)$741 $684 $1,829 $2,135 
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 September 30, 2024
Segment revenues:
Service revenues
External$1,049 $473 $385 $— $4 $— $1,911 
Internal23 2 41 — — (66)— 
       Total service revenues1,072 475 426 — 4 (66)1,911 
Total service revenues – commodity consideration14 1 19 — — — 34 
Product sales
External30 8 47 585 33 — 703 
Internal54 18 171 (104)62 (201)— 
Total product sales84 26 218 481 95 (201)703 
Net gain (loss) from commodity derivatives
Realized— — — (8)1 — (7)
Unrealized— — — 9 3 — 12 
Total net gain (loss) from commodity derivatives (2)— — — 1 4 — 5 
Total revenues$1,170 $502 $663 $482 $103 $(267)$2,653 
Three Months Ended September 30, 2023
Segment revenues:
Service revenues
External$953 $473 $340 $— $4 $— $1,770 
Internal25 5 34 — — (64)— 
       Total service revenues978 478 374 — 4 (64)1,770 
Total service revenues – commodity consideration11 — 34 — — — 45 
Product sales
External35 13 14 619 39 — 720 
Internal28 14 98 (63)79 (156)— 
Total product sales63 27 112 556 118 (156)720 
Net gain (loss) from commodity derivatives
Realized1 — 13 (31)9 — (8)
Unrealized— — — 33 (1)— 32 
Total net gain (loss) from commodity derivatives (2)1 — 13 2 8 — 24 
Total revenues$1,053 $505 $533 $558 $130 $(220)$2,559 
Transmission & Gulf of Mexico
Northeast G&PWestGas & NGL Marketing Services (1)OtherEliminationsTotal
(Millions)
Nine Months Ended September 30, 2024
Segment revenues:
Service revenues
External$3,077 $1,410 $1,154 $— $12 $— $5,653 
Internal67 9 116 — — (192)— 
       Total service revenues3,144 1,419 1,270 — 12 (192)5,653 
Total service revenues – commodity consideration28 1 53 — — — 82 
Product sales
External85 15 153 1,800 105 — 2,158 
Internal100 59 504 (309)184 (538)— 
Total product sales185 74 657 1,491 289 (538)2,158 
Net gain (loss) from commodity derivatives
Realized— — 5 40 29 — 74 
Unrealized— — — (188)(19)— (207)
Total net gain (loss) from commodity derivatives (2)— — 5 (148)10 — (133)
Total revenues$3,357 $1,494 $1,985 $1,343 $311 $(730)$7,760 
Nine Months Ended September 30, 2023
Segment revenues:
Service revenues
External$2,801 $1,396 $1,002 $1 $12 $— $5,212 
Internal73 25 86 — — (184)— 
       Total service revenues2,874 1,421 1,088 1 12 (184)5,212 
Total service revenues – commodity consideration29 3 76 — — — 108 
Product sales
External116 32 43 1,882 85 — 2,158 
Internal81 72 244 (224)218 (391)— 
Total product sales197 104 287 1,658 303 (391)2,158 
Net gain (loss) from commodity derivatives
Realized2 — 85 41 41 — 169 
Unrealized— — — 494 (18)— 476 
Total net gain (loss) from commodity derivatives (2)2 — 85 535 23 — 645 
Total revenues$3,102 $1,528 $1,536 $2,194 $338 $(575)$8,123 
______________
(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.