XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Intangible Assets and Goodwill
 3 Months Ended
Mar. 31, 2019
Intangible Assets and Goodwill [Abstract]  
Intangible Assets and Goodwill

Note 6. Intangible Assets and Goodwill

Identifiable Intangible Assets

The following table summarizes our intangible assets by business segment at the dates indicated:

 
 
March 31, 2019
  
December 31, 2018
 
 
 
Gross
Value
  
Accumulated
Amortization
  
Carrying
Value
  
Gross
Value
  
Accumulated
Amortization
  
Carrying
Value
 
NGL Pipelines & Services:
                  
Customer relationship intangibles
 
$
457.3
  
$
(205.4
)
 
$
251.9
  
$
457.3
  
$
(201.9
)
 
$
255.4
 
Contract-based intangibles
  
363.4
   
(244.3
)
  
119.1
   
363.4
   
(238.7
)
  
124.7
 
Segment total
  
820.7
   
(449.7
)
  
371.0
   
820.7
   
(440.6
)
  
380.1
 
Crude Oil Pipelines & Services:
                        
Customer relationship intangibles
  
2,203.5
   
(189.7
)
  
2,013.8
   
2,203.5
   
(174.1
)
  
2,029.4
 
Contract-based intangibles
  
276.9
   
(218.1
)
  
58.8
   
276.9
   
(211.7
)
  
65.2
 
Segment total
  
2,480.4
   
(407.8
)
  
2,072.6
   
2,480.4
   
(385.8
)
  
2,094.6
 
Natural Gas Pipelines & Services:
                        
Customer relationship intangibles
  
1,350.3
   
(456.9
)
  
893.4
   
1,350.3
   
(447.8
)
  
902.5
 
Contract-based intangibles
  
466.4
   
(389.7
)
  
76.7
   
464.7
   
(387.9
)
  
76.8
 
Segment total
  
1,816.7
   
(846.6
)
  
970.1
   
1,815.0
   
(835.7
)
  
979.3
 
Petrochemical & Refined Products Services:
                        
Customer relationship intangibles
  
181.4
   
(53.2
)
  
128.2
   
181.4
   
(51.8
)
  
129.6
 
Contract-based intangibles
  
46.0
   
(22.0
)
  
24.0
   
46.0
   
(21.2
)
  
24.8
 
Segment total
  
227.4
   
(75.2
)
  
152.2
   
227.4
   
(73.0
)
  
154.4
 
Total intangible assets
 
$
5,345.2
  
$
(1,779.3
)
 
$
3,565.9
  
$
5,343.5
  
$
(1,735.1
)
 
$
3,608.4
 

The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

 
 
For the Three Months
Ended March 31,
 
 
 
2019
  
2018
 
NGL Pipelines & Services
 
$
9.1
  
$
7.1
 
Crude Oil Pipelines & Services
  
22.0
   
24.0
 
Natural Gas Pipelines & Services
  
10.9
   
9.7
 
Petrochemical & Refined Products Services
  
2.2
   
2.3
 
Total
 
$
44.2
  
$
43.1
 

The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2019
  
2020
  
2021
  
2022
  
2023
 
$
124.3
  
$
160.2
  
$
162.4
  
$
168.0
  
$
168.1
 

Goodwill

Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in the transaction.  There has been no change in our goodwill amounts since those reported in our 2018 Form 10-K.