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Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022
   
December 31, 2021
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
449
   
$
(242
)
 
$
207
   
$
449
   
$
(236
)
 
$
213
 
Contract-based intangibles
   
749
     
(72
)
   
677
     
165
     
(61
)
   
104
 
Segment total
   
1,198
     
(314
)
   
884
     
614
     
(297
)
   
317
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195
     
(392
)
   
1,803
     
2,195
     
(355
)
   
1,840
 
Contract-based intangibles
   
283
     
(267
)
   
16
     
283
     
(263
)
   
20
 
Segment total
   
2,478
     
(659
)
   
1,819
     
2,478
     
(618
)
   
1,860
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350
     
(569
)
   
781
     
1,350
     
(550
)
   
800
 
Contract-based intangibles
   
639
     
(189
)
   
450
     
232
     
(183
)
   
49
 
Segment total
   
1,989
     
(758
)
   
1,231
     
1,582
     
(733
)
   
849
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181
     
(78
)
   
103
     
181
     
(75
)
   
106
 
Contract-based intangibles
   
45
     
(26
)
   
19
     
45
     
(26
)
   
19
 
Segment total
   
226
     
(104
)
   
122
     
226
     
(101
)
   
125
 
Total intangible assets
 
$
5,891
   
$
(1,835
)
 
$
4,056
   
$
4,900
   
$
(1,749
)
 
$
3,151
 
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,
 
 
 
2022
   
2021
   
2022
   
2021
 
NGL Pipelines & Services
 
$
9
   
$
6
   
$
17
   
$
12
 
Crude Oil Pipelines & Services
   
21
     
19
     
41
     
37
 
Natural Gas Pipelines & Services
   
14
     
11
     
25
     
21
 
Petrochemical & Refined Products Services
   
1
     
2
     
3
     
4
 
Total
 
$
45
   
$
38
   
$
86
   
$
74
 
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2022
   
2023
   
2024
   
2025
   
2026
 
$
100
   
$
204
   
$
212
   
$
211
   
$
206
 
Schedule of Goodwill The following table presents changes in the carrying amount of goodwill for the period presented:

 
 
NGL
Pipelines
& Services
   
Crude Oil
Pipelines
& Services
   
Natural Gas
Pipelines
& Services
   
Petrochemical
& Refined
Products
Services
   
Consolidated
Total
 
Balance at December 31, 2021
 
$
2,652
   
$
1,841
   
$
   
$
956
   
$
5,449
 
Goodwill related to acquisition (1)
   
159
     
     
     
     
159
 
Balance at June 30, 2022
 
$
2,811
   
$
1,841
   
$
   
$
956
   
$
5,608
 

(1)
This amount represents the goodwill recognized in connection with our acquisition of Navitas Midstream in February 2022.  See Note 12 for additional information regarding this acquisition.