v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations (in millions):

December 31,
2025		December 31,
2024
Assets:
Current assets:
Trade accounts receivable and other receivables, net
$285 $222 
Inventory176 178 
Other current assets18 15 
Total current assets of discontinued operations
$479 $415 
Long-term assets:
Property and equipment, net (1)
$2,191 $1,978 
Linefill70 64 
Long-term operating lease right-of-use assets, net138 143 
Long-term inventory38 38 
Other long-term assets, net120 126 
Total long-term assets of discontinued operations
$2,557 $2,349 
Liabilities:
Current liabilities:
Trade accounts payable
$295 $234 
Other current liabilities87 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 credits510 455 
Total long-term liabilities of discontinued operations
$606 $576 
(1)Amounts are net of accumulated depreciation of $876 million and $794 million as of December 31, 2025 and 2024, respectively.
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,
202520242023
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 costs259 297 340 
General and administrative expenses47 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 tax522 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