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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2020
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, 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
 

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,
 
 
 
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
 
Forecasted Amortization Expense
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