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Revenues and Accounts Receivable (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2022202120222021
Crude Oil segment revenues from contracts with customers
Sales$15,576 $9,623 $28,433 $17,349 
Transportation175 113 330 203 
Terminalling, Storage and Other90 116 180 246 
Total Crude Oil segment revenues from contracts with customers$15,841 $9,852 $28,943 $17,798 

Three Months Ended
June 30,
Six Months Ended
June 30,
2022202120222021
NGL segment revenues from contracts with customers
Sales$499 $355 $1,344 $1,128 
Transportation16 12 
Terminalling, Storage and Other20 21 45 42 
Total NGL segment revenues from contracts with customers$526 $381 $1,405 $1,182 
The following tables present the reconciliation of our revenues from contracts with customers to total revenues of reportable segments and total revenues as disclosed in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended June 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$15,841 $526 $16,367 
Other items in revenues99 44 143 
Total revenues of reportable segments$15,940 $570 $16,510 
Intersegment revenue elimination(151)
Total revenues$16,359 
Three Months Ended June 30, 2021Crude OilNGLTotal
Revenues from contracts with customers$9,852 $381 $10,233 
Other items in revenues(73)(151)(224)
Total revenues of reportable segments$9,779 $230 $10,009 
Intersegment revenue elimination(79)
Total revenues$9,930 
Six Months Ended June 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$28,943 $1,405 $30,348 
Other items in revenues76 (101)(25)
Total revenues of reportable segments$29,019 $1,304 $30,323 
Intersegment revenues(270)
Total revenues$30,053 
Six Months Ended June 30, 2021Crude OilNGLTotal
Revenues from contracts with customers$17,798 $1,182 $18,980 
Other items in revenues(166)(313)(479)
Total revenues of reportable segments$17,632 $869 $18,501 
Intersegment revenues(188)
Total revenues$18,313 
Contract with customer, counterparty deficiencies The following table presents counterparty deficiencies associated with contracts with customers and buy/sell arrangements that include minimum volume commitments for which we had remaining performance obligations and the customers still had the ability to meet their obligations (in millions):
Counterparty DeficienciesFinancial Statement ClassificationJune 30,
2022
December 31,
2021
Billed and collectedLiability$65 $63 
Unbilled (1)
N/A10 16 
Total$75 $79 
(1)Amounts were related to deficiencies for which the counterparties had not met their contractual minimum commitments and are not reflected in our Condensed Consolidated Financial Statements as we had not yet billed or collected such amounts.
Contracts with customers, change in asset and liability balance The following table presents the change in the liability balance associated with contracts with customers (in millions):
 Contract Liabilities
Balance at December 31, 2021$141 
Amounts recognized as revenue(22)
Additions19 
Balance at June 30, 2022$138 
The following is a reconciliation of trade accounts receivable from revenues from contracts with customers to total Trade accounts receivable and other receivables, net as presented on our Condensed Consolidated Balance Sheets (in millions):
June 30,
2022
December 31, 2021
Trade accounts receivable arising from revenues from contracts with customers
$5,279 $4,031 
Other trade accounts receivables and other receivables (1)
8,107 5,126 
Impact due to contractual rights of offset with counterparties(7,805)(4,452)
Trade accounts receivable and other receivables, net$5,581 $4,705 
(1)The balance is comprised primarily of accounts receivable associated with buy/sell arrangements that are not within the scope of ASC 606.
Remaining performance obligations The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of June 30, 2022 (in millions):
Remainder of 202220232024202520262027 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$91 $192 $171 $149 $95 $411 
Terminalling, storage and other agreement revenues138 238 185 89 63 518 
Total$229 $430 $356 $238 $158 $929 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.