The operations of the Canadian NGL Business meet the criteria for classification as held for sale and for discontinued operations reporting. The Canadian NGL Business disposal group is recorded at its historical carrying value, as the fair value of the disposal group, less estimated costs to sell, is greater than the carrying value of the Canadian NGL Business disposal group. Depreciation and amortization on the long-lived assets of the Canadian NGL Business disposal group ceased upon meeting the criteria to be classified as assets held for sale. See Note 1 for information regarding the pending sale of the Canadian NGL Business.


	September 30, 2025		December 31, 2024
Assets:
Current assets:

Trade accounts receivable and other receivables, net	$	165	$	222
Inventory	223		178
Other current assets	46		15
Total current assets of discontinued operations	$	434	$	415

Long-term assets:
Property and equipment, net (1)	$	2,125	$	1,978

Linefill	69		64
Long-term operating lease right-of-use assets, net	134		143
Long-term inventory	38		38
Other long-term assets, net	113		126
Total long-term assets of discontinued operations	$	2,479	$	2,349

Liabilities:
Current liabilities:
Trade accounts payable	$	193	$	234

Other current liabilities	90		116
Total current liabilities of discontinued operations	$	283	$	350

Long-term liabilities:

Long-term operating lease liabilities	$	101	$	121
Other long-term liabilities and deferred credits	496		455
Total long-term liabilities of discontinued operations	$	597	$	576

The following table provides a reconciliation of the line items comprising pretax income from discontinued operations to income from discontinued operations, net of tax (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Revenues:
Product sales	$	139	$	261	$	818	$	715
Services	37		26		102		102
Total revenues	176		287		920		817
Cost and Expenses:
Purchases and related costs	(7)		17		245		247
Field operating costs	68		75		190		229
General and administrative expenses	10		12		36		41
Depreciation and amortization	—		31		57		94
(Gains)/losses on asset sales, net	2		1		15		(1)
Total costs and expenses	73		136		543		610

Income from discontinued operations before tax	103		151		377		207
Current income tax expense	(7)		(16)		(61)		(71)
Deferred income tax (expense)/benefit	(20)		(21)		(35)		20
Income from discontinued operations, net of tax	$	76	$	114	$	281	$	156