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Equity Method Investments
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
During 2022, 2021 and 2020 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, 202220222021
EGHoldings (a)
56%$287 $148 
Alba Plant LLC (b)
52%155 154 
AMPCO (c)
45%135 148 
Total $577 $450 
(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, for the year ended December 31, 2021, 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 of $140 million 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, 2022 and 2021, the amount of this basis differential was $88 million and $112 million, respectively, which includes the effects of accretion in both periods. The basis differential is being accreted into income over the remaining useful life of the investee’s primary assets. During 2022 and 2021, we accreted $24 million and $22 million, respectively, into Income (loss) from equity method investments in our consolidated statements of income. See Note 11 for further information on the equity method investee impairment.
Summarized, 100% combined financial information for equity method investees is as follows:
(In millions) 202220212020
Income data – year:
Revenues and other income$1,745 $1,095 $586 
Income from operations1,164 537 16 
Net income (loss)1,068 440 (3)
Balance sheet data – December 31:
Current assets$842 $556 
Noncurrent assets698 822 
Current liabilities269 247 
Noncurrent liabilities188 231 
Revenues from related parties were $28 million, $30 million and $38 million in 2022, 2021 and 2020, respectively, with the majority related to EGHoldings in all years.
Cash received from equity investees is classified as dividends or return of capital on the Consolidated Statements of Cash Flows. Dividends from equity method investees are reflected in the Operating activities section in Equity Method Investments, net while return of capital is reflected in the Investing activities section. Dividends and return of capital received by us during the years ended December 31, 2022, 2021 and 2020 totaled $486 million, $238 million, and $56 million, respectively.
Current receivables from related parties at December 31, 2022 were $36 million, which primarily related to Alba Plant LLC and EGHoldings. Current receivables from related parties at December 31, 2021 were $23 million, with the majority related to EGHoldings. Payables to related parties were $20 million at December 31, 2022 and 2021, with the majority related to Alba Plant LLC in both periods.