XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2019
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment The following table summarizes our intangible assets by business segment at the dates indicated:

 
 
June 30, 2019
   
December 31, 2018
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
447.8
   
$
(199.3
)
 
$
248.5
   
$
457.3
   
$
(201.9
)
 
$
255.4
 
Contract-based intangibles
   
375.4
     
(249.9
)
   
125.5
     
363.4
     
(238.7
)
   
124.7
 
Segment total
   
823.2
     
(449.2
)
   
374.0
     
820.7
     
(440.6
)
   
380.1
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,203.5
     
(207.7
)
   
1,995.8
     
2,203.5
     
(174.1
)
   
2,029.4
 
Contract-based intangibles
   
276.9
     
(224.2
)
   
52.7
     
276.9
     
(211.7
)
   
65.2
 
Segment total
   
2,480.4
     
(431.9
)
   
2,048.5
     
2,480.4
     
(385.8
)
   
2,094.6
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350.3
     
(464.9
)
   
885.4
     
1,350.3
     
(447.8
)
   
902.5
 
Contract-based intangibles
   
466.4
     
(391.7
)
   
74.7
     
464.7
     
(387.9
)
   
76.8
 
Segment total
   
1,816.7
     
(856.6
)
   
960.1
     
1,815.0
     
(835.7
)
   
979.3
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181.4
     
(54.8
)
   
126.6
     
181.4
     
(51.8
)
   
129.6
 
Contract-based intangibles
   
46.0
     
(22.6
)
   
23.4
     
46.0
     
(21.2
)
   
24.8
 
Segment total
   
227.4
     
(77.4
)
   
150.0
     
227.4
     
(73.0
)
   
154.4
 
Total intangible assets
 
$
5,347.7
   
$
(1,815.1
)
 
$
3,532.6
   
$
5,343.5
   
$
(1,735.1
)
 
$
3,608.4
 
Amortization Expense of Intangible Assets by Segment
The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

 
 
For the Three Months
Ended June 30,
   
For the Six Months
Ended June 30,
 
 
 
2019
   
2018
   
2019
   
2018
 
NGL Pipelines & Services
 
$
9.0
   
$
9.3
   
$
18.1
   
$
16.4
 
Crude Oil Pipelines & Services
   
24.1
     
22.6
     
46.1
     
46.6
 
Natural Gas Pipelines & Services
   
10.0
     
9.6
     
20.9
     
19.3
 
Petrochemical & Refined Products Services
   
2.2
     
2.1
     
4.4
     
4.4
 
Total
 
$
45.3
   
$
43.6
   
$
89.5
   
$
86.7
 
Forecasted Amortization Expense
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
 
$
82.1
   
$
160.5
   
$
162.8
   
$
168.4
   
$
168.5