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Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2020
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:

   
June 30, 2020
   
December 31, 2019
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
447.8
   
$
(213.4
)
 
$
234.4
   
$
447.8
   
$
(206.3
)
 
$
241.5
 
Contract-based intangibles
   
162.6
     
(49.6
)
   
113.0
     
162.6
     
(43.9
)
   
118.7
 
Segment total
   
610.4
     
(263.0
)
   
347.4
     
610.4
     
(250.2
)
   
360.2
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,203.5
     
(274.8
)
   
1,928.7
     
2,203.5
     
(243.5
)
   
1,960.0
 
Contract-based intangibles
   
283.5
     
(243.4
)
   
40.1
     
276.9
     
(235.0
)
   
41.9
 
Segment total
   
2,487.0
     
(518.2
)
   
1,968.8
     
2,480.4
     
(478.5
)
   
2,001.9
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350.3
     
(497.2
)
   
853.1
     
1,350.3
     
(481.6
)
   
868.7
 
Contract-based intangibles
   
468.0
     
(399.7
)
   
68.3
     
468.0
     
(395.5
)
   
72.5
 
Segment total
   
1,818.3
     
(896.9
)
   
921.4
     
1,818.3
     
(877.1
)
   
941.2
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181.4
     
(60.7
)
   
120.7
     
181.4
     
(57.5
)
   
123.9
 
Contract-based intangibles
   
46.0
     
(24.9
)
   
21.1
     
46.0
     
(24.2
)
   
21.8
 
Segment total
   
227.4
     
(85.6
)
   
141.8
     
227.4
     
(81.7
)
   
145.7
 
Total intangible assets
 
$
5,143.1
   
$
(1,763.7
)
 
$
3,379.4
   
$
5,136.5
   
$
(1,687.5
)
 
$
3,449.0
 

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,
 
 
 
2020
   
2019
   
2020
   
2019
 
NGL Pipelines & Services
 
$
6.3
   
$
9.0
   
$
12.8
   
$
18.1
 
Crude Oil Pipelines & Services
   
18.8
     
24.1
     
39.7
     
46.1
 
Natural Gas Pipelines & Services
   
9.6
     
10.0
     
19.8
     
20.9
 
Petrochemical & Refined Products Services
   
1.9
     
2.2
     
3.9
     
4.4
 
Total
 
$
36.6
   
$
45.3
   
$
76.2
   
$
89.5
 

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

Remainder
of 2020
   
2021
   
2022
   
2023
   
2024
 
$
85.0
   
$
167.6
   
$
164.5
   
$
162.9
   
$
159.3
 

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 2019 Form 10-K.