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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021
   
December 31, 2020
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
447.8
   
$
(227.9
)
 
$
219.9
   
$
447.8
   
$
(221.3
)
 
$
226.5
 
Contract-based intangibles
   
166.0
     
(56.5
)
   
109.5
     
162.6
     
(55.0
)
   
107.6
 
Segment total
   
613.8
     
(284.4
)
   
329.4
     
610.4
     
(276.3
)
   
334.1
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195.0
     
(322.1
)
   
1,872.9
     
2,195.0
     
(291.6
)
   
1,903.4
 
Contract-based intangibles
   
283.1
     
(256.3
)
   
26.8
     
283.1
     
(249.9
)
   
33.2
 
Segment total
   
2,478.1
     
(578.4
)
   
1,899.7
     
2,478.1
     
(541.5
)
   
1,936.6
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350.3
     
(530.6
)
   
819.7
     
1,350.3
     
(512.2
)
   
838.1
 
Contract-based intangibles
   
231.1
     
(180.2
)
   
50.9
     
470.7
     
(403.8
)
   
66.9
 
Segment total
   
1,581.4
     
(710.8
)
   
870.6
     
1,821.0
     
(916.0
)
   
905.0
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181.4
     
(71.1
)
   
110.3
     
181.4
     
(68.3
)
   
113.1
 
Contract-based intangibles
   
44.9
     
(25.2
)
   
19.7
     
44.9
     
(24.6
)
   
20.3
 
Segment total
   
226.3
     
(96.3
)
   
130.0
     
226.3
     
(92.9
)
   
133.4
 
Total intangible assets
 
$
4,899.6
   
$
(1,669.9
)
 
$
3,229.7
   
$
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 June 30,
   
For the Six Months
Ended June 30,
 
 
 
2021
   
2020
   
2021
   
2020
 
NGL Pipelines & Services
 
$
6.1
   
$
6.3
   
$
12.1
   
$
12.8
 
Crude Oil Pipelines & Services
   
19.1
     
18.8
     
36.9
     
39.7
 
Natural Gas Pipelines & Services
   
10.6
     
9.6
     
21.2
     
19.8
 
Petrochemical & Refined Products Services
   
1.7
     
1.9
     
3.4
     
3.9
 
Total
 
$
37.5
   
$
36.6
   
$
73.6
   
$
76.2
 
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
 
$
73.0
   
$
160.3
   
$
168.1
   
$
164.4
   
$
162.9