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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2021
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
The following table summarizes our intangible assets by business segment at the dates indicated:

   
March 31, 2021
   
December 31, 2020
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
447.8
   
$
(224.5
)
 
$
223.3
   
$
447.8
   
$
(221.3
)
 
$
226.5
 
Contract-based intangibles
   
162.6
     
(57.8
)
   
104.8
     
162.6
     
(55.0
)
   
107.6
 
Segment total
   
610.4
     
(282.3
)
   
328.1
     
610.4
     
(276.3
)
   
334.1
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195.0
     
(306.1
)
   
1,888.9
     
2,195.0
     
(291.6
)
   
1,903.4
 
Contract-based intangibles
   
283.1
     
(253.2
)
   
29.9
     
283.1
     
(249.9
)
   
33.2
 
Segment total
   
2,478.1
     
(559.3
)
   
1,918.8
     
2,478.1
     
(541.5
)
   
1,936.6
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350.3
     
(521.1
)
   
829.2
     
1,350.3
     
(512.2
)
   
838.1
 
Contract-based intangibles
   
231.1
     
(179.1
)
   
52.0
     
470.7
     
(403.8
)
   
66.9
 
Segment total
   
1,581.4
     
(700.2
)
   
881.2
     
1,821.0
     
(916.0
)
   
905.0
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181.4
     
(69.7
)
   
111.7
     
181.4
     
(68.3
)
   
113.1
 
Contract-based intangibles
   
44.9
     
(24.9
)
   
20.0
     
44.9
     
(24.6
)
   
20.3
 
Segment total
   
226.3
     
(94.6
)
   
131.7
     
226.3
     
(92.9
)
   
133.4
 
Total intangible assets
 
$
4,896.2
   
$
(1,636.4
)
 
$
3,259.8
   
$
5,135.8
   
$
(1,826.7
)
 
$
3,309.1
 
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 March 31,
 
 
 
2021
   
2020
 
NGL Pipelines & Services
 
$
6.0
   
$
6.5
 
Crude Oil Pipelines & Services
   
17.8
     
20.9
 
Natural Gas Pipelines & Services
   
10.6
     
10.2
 
Petrochemical & Refined Products Services
   
1.7
     
2.0
 
Total
 
$
36.1
   
$
39.6
 
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2021
   
2022
   
2023
   
2024
   
2025
 
$
107.9
   
$
159.5
   
$
167.4
   
$
163.6
   
$
162.2