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Equity Method Investments
 12 Months Ended
Dec. 31, 2021
Equity Method Investments Disclosure [Abstract]  
Equity Method Investments Equity Method Investments
During 2021, 2020 and 2019 our equity method investees were considered related parties. Our investment in our equity method investees are summarized in the following table:
 Ownership as of December 31,
(In millions)December 31, 202120212020
EGHoldings (a)
56%$148 $113 
Alba Plant LLC (b)
52%154 168 
AMPCO (c)
45%148 166 
Total $450 $447 
(a)EGHoldings is engaged in LNG production activity.
(b)Alba Plant LLC processes LPG.
(c)AMPCO is engaged in methanol production activity.
In accordance with agreements related to the processing of third-party Alen Unit gas at EGLNG, additional equity was issued to an equity partner, which is an E.G. government entity, during the fourth quarter of 2021, thereby reducing our ownership interest in EGHoldings from 60% to 56%. As a result, we recorded a $12 million pre-tax loss, which was reflected in Net gain (loss) on disposal of assets in our consolidated statements of income.
During the year ended December 31, 2020, we recorded impairments of $171 million to an investment in an equity method investee, which was reflected in income (loss) from equity method investments in our consolidated statements of income. The impairments caused us to incur a basis differential between the net book value of our investment and the amount of our underlying share of equity in the investee’s net assets. As of December 31, 2021, the amount of this basis differential was $112 million, which includes the effects of the current year’s accretion. During 2021, we accreted $22 million of the basis differential into the income (loss) from equity method investments line item. See Note 12 to the consolidated financial statements for further information on the equity method investee impairment.
Summarized financial information for equity method investees is as follows:
(In millions) 202120202019
Income data – year:
Revenues and other income$1,095 $586 $832 
Income from operations537 16 250 
Net income (loss)440 (3)187 
Balance sheet data – December 31:
Current assets$556 $389 
Noncurrent assets822 941 
Current liabilities247 235 
Noncurrent liabilities231 170 
Revenues from related parties were $30 million, $38 million and $42 million in 2021, 2020 and 2019, respectively, with the majority related to EGHoldings in all years.
Current receivables from related parties at December 31, 2021 and 2020 were $23 million and $24 million, with the majority related to EGHoldings in both periods. Payables to related parties at December 31, 2021 were $20 million and $13 million at December 31, 2020, with the majority related to Alba Plant LLC in both periods.