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MAGELLAN ACQUISITION - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 25, 2023
Dec. 31, 2022
Liabilities assumed:      
Goodwill (Note G) $ 4,952   $ 528
Magellan Acquisition      
Assets acquired:      
Cash and cash equivalents   $ 37  
Accounts receivables, net   333  
Inventories   348  
Other current assets   145  
Property, plant and equipment   11,751  
Investments in unconsolidated affiliates   922  
Intangible assets   1,124  
Other assets   116  
Total assets acquired   14,776  
Liabilities assumed:      
Accounts payable   213  
Other current liabilities (a)   673  
Long-term debt, excluding current maturities   4,013  
Other deferred credits and liabilities   187  
Total liabilities assumed   5,086  
Total identifiable net assets   9,690  
Goodwill (Note G)   4,424  
Total purchase price   $ 14,114