REVENUES (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability [Table Text Block]

The following table sets forth the balances in contract liabilities for the periods indicated:

Contract Liabilities	(Millions of dollars)
Balance at December 31, 2021 (a)	$	51.5
Revenue recognized included in beginning balance	(33.1)
Net additions	43.3
Balance at June 30, 2022 (b)	$	61.7

(a) - Contract liabilities of $35.3 million and $16.2 million are included in other current liabilities and other deferred credits, respectively, in our Consolidated Balance Sheet.

(b) - Contract liabilities of $33.2 million and $28.5 million are included in other current liabilities and other deferred credits, respectively, in our Consolidated Balance Sheet.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

The following table presents aggregate value allocated to unsatisfied performance obligations as of June 30, 2022, and the amounts we expect to recognize in revenue in future periods, related primarily to firm transportation and storage contracts with remaining contract terms ranging from two months to 22 years:

Expected Period of Recognition in Revenue	(Millions of dollars)
Remainder of 2022	$	207.6
2023	390.8
2024	328.1
2025	240.2
2026 and beyond	882.9
Total estimated transaction price allocated to unsatisfied performance obligations	$	2,049.6