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Revenues and Accounts Receivable (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2022202120222021
Crude Oil segment revenues from contracts with customers
Sales$13,362 $10,427 $41,796 $27,776 
Transportation185 122 515 325 
Terminalling, Storage and Other90 99 270 345 
Total Crude Oil segment revenues from contracts with customers$13,637 $10,648 $42,581 $28,446 

Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
NGL segment revenues from contracts with customers
Sales$417 $386 $1,761 $1,514 
Transportation23 17 
Terminalling, Storage and Other21 22 66 64 
Total NGL segment revenues from contracts with customers$445 $414 $1,850 $1,595 
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 September 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$13,637 $445 $14,082 
Other items in revenues38 325 363 
Total revenues of reportable segments$13,675 $770 $14,445 
Intersegment revenue elimination(109)
Total revenues$14,336 
Three Months Ended September 30, 2021Crude OilNGLTotal
Revenues from contracts with customers$10,648 $414 $11,062 
Other items in revenues53 (248)(195)
Total revenues of reportable segments$10,701 $166 $10,867 
Intersegment revenue elimination(91)
Total revenues$10,776 
Nine Months Ended September 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$42,581 $1,850 $44,431 
Other items in revenues113 225 338 
Total revenues of reportable segments$42,694 $2,075 $44,769 
Intersegment revenues(379)
Total revenues$44,390 
Nine Months Ended September 30, 2021Crude OilNGLTotal
Revenues from contracts with customers$28,446 $1,595 $30,041 
Other items in revenues(113)(561)(674)
Total revenues of reportable segments$28,333 $1,034 $29,367 
Intersegment revenues(278)
Total revenues$29,089 
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 ClassificationSeptember 30,
2022
December 31,
2021
Billed and collectedLiability$65 $63 
Unbilled (1)
N/A11 16 
Total$76 $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(23)
Additions25 
Balance at September 30, 2022$143 
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):
September 30,
2022
December 31, 2021
Trade accounts receivable arising from revenues from contracts with customers
$4,197 $4,031 
Other trade accounts receivables and other receivables (1)
6,916 5,126 
Impact due to contractual rights of offset with counterparties(7,012)(4,452)
Trade accounts receivable and other receivables, net$4,101 $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 September 30, 2022 (in millions):
Remainder of 202220232024202520262027 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$50 $195 $174 $152 $96 $404 
Terminalling, storage and other agreement revenues67 234 178 106 80 604 
Total$117 $429 $352 $258 $176 $1,008 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.