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Revenues and Accounts Receivable (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
Revenues from Contracts with Customers. The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):

Year Ended December 31,
202220212020
Crude Oil segment revenues from contracts with customers
Sales$53,822 $39,635 $21,250 
Transportation745 484 570 
Terminalling, Storage and Other362 431 507 
Total Crude Oil segment revenues from contracts with customers$54,929 $40,550 $22,327 

Year Ended December 31,
202220212020
NGL segment revenues from contracts with customers
Sales$2,414 $2,292 $1,350 
Transportation30 25 29 
Terminalling, Storage and Other100 82 96 
Total NGL segment revenues from contracts with customers$2,544 $2,399 $1,475 
The following tables present the reconciliation of our revenues from contracts with customers (as described above for each segment) to total revenues of reportable segments and total revenues as disclosed in our Consolidated Statements of Operations (in millions):
Year Ended December 31, 2022Crude OilNGLTotal
Revenues from contracts with customers$54,929 $2,544 $57,473 
Other items in revenues151 217 368 
Total revenues of reportable segments$55,080 $2,761 $57,841 
Intersegment revenues elimination(499)
Total revenues$57,342 

Year Ended December 31, 2021Crude OilNGLTotal
Revenues from contracts with customers$40,550 $2,399 $42,949 
Other items in revenues(80)(431)(511)
Total revenues of reportable segments$40,470 $1,968 $42,438 
Intersegment revenues elimination(360)
Total revenues$42,078 

Year Ended December 31, 2020Crude OilNGLTotal
Revenues from contracts with customers$22,327 $1,475 $23,802 
Other items in revenues(128)(115)(243)
Total revenues of reportable segments$22,199 $1,360 $23,559 
Intersegment revenues elimination(269)
Total revenues$23,290 
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):

December 31,
Counterparty DeficienciesFinancial Statement Classification20222021
Billed and collectedOther current liabilities$104 $63 
Unbilled (1)
N/A1 16 
Total$105 $79 
(1)Amounts were related to deficiencies for which the counterparties had not met their contractual minimum commitments and are not reflected in our 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 changes in the liability balance associated with contracts with customers (in millions):
Contract Liabilities
Balance at December 31, 2020$501 
Amounts recognized as revenue (1)
(393)
Additions33 
Balance at December 31, 2021$141 
Amounts recognized as revenue(26)
Additions (2)
145 
Other(31)
Balance at December 31, 2022$229 
(1)Includes approximately $361 million associated with crude oil sales agreements that were entered into in conjunction with storage arrangements and future inventory exchanges. Such amount was recognized as revenue in the first quarter of 2021.
(2)Includes approximately $122 million associated with a gas processing agreement that was entered into in conjunction with the purchase of an additional ownership interest in certain straddle plants. Such amount is expected to be recognized as revenue over a 50-year term. See Note 7 for additional information.
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 Consolidated Balance Sheets (in millions):
December 31,
20222021
Trade accounts receivable arising from revenues from contracts with customers
$4,141 $4,031 
Other trade accounts receivables and other receivables (1)
7,216 5,126 
Impact due to contractual rights of offset with counterparties(7,450)(4,452)
Trade accounts receivable and other receivables, net$3,907 $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 December 31, 2022 (in millions):
202320242025202620272028 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$329 $337 $370 $130 $94 $228 
Terminalling, storage and other agreement revenues
254 195 121 94 84 704 
Total$583 $532 $491 $224 $178 $932 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.