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.


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

Trade accounts receivable and other receivables, net	$	285	$	222
Inventory	176		178
Other current assets	18		15
Total current assets of discontinued operations	$	479	$	415

Long-term assets:
Property and equipment, net (1)	$	2,191	$	1,978

Linefill	70		64
Long-term operating lease right-of-use assets, net	138		143
Long-term inventory	38		38
Other long-term assets, net	120		126
Total long-term assets of discontinued operations	$	2,557	$	2,349

Liabilities:
Current liabilities:
Trade accounts payable	$	295	$	234

Other current liabilities	87		116
Total current liabilities of discontinued operations	$	382	$	350

Long-term liabilities:

Long-term operating lease liabilities	$	96	$	121
Other long-term liabilities and deferred credits	510		455
Total long-term liabilities of discontinued operations	$	606	$	576

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


	Year Ended December 31,
	2025		2024		2023
Revenues:
Product sales	$	1,186	$	1,055	$	1,229
Services	131		129		147
Total revenues	1,317		1,184		1,376
Cost and Expenses:
Purchases and related costs	411		398		594
Field operating costs	259		297		340
General and administrative expenses	47		53		51
Depreciation and amortization	57		125		139
Losses on asset sales, net	21		1		—
Total costs and expenses	795		874		1,124
Other income, net	—		1		—
Income from discontinued operations before tax	522		311		252
Current income tax expense	(99)		(113)		(75)
Deferred income tax (expense)/benefit	(40)		33		15
Income from discontinued operations, net of tax	$	383	$	231	$	192