Disaggregation of Revenue [Table Text Block] |
The following table presents our revenue disaggregated by major service line: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Regulated Interstate Transportation & Storage | | Gulf of Mexico Midstream & Storage | | Northeast Midstream | | West Midstream | | Gas & NGL Marketing Services | | Other | | Eliminations | | Total | | (Millions) | Three Months Ended September 30, 2024 | | | Revenues from contracts with customers: | | | | | | | | | | | | | | | | Service revenues: | | | | | | | | | | | | | | | | Regulated interstate natural gas transportation and storage | $ | 879 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (20) | | | $ | 859 | | Gathering, processing, transportation, fractionation, and storage: | | | | | | | | | | | | | | | | Monetary consideration | — | | | 177 | | | 442 | | | 422 | | | — | | | — | | | (42) | | | 999 | | Commodity consideration | — | | | 14 | | | 1 | | | 19 | | | — | | | — | | | — | | | 34 | | Other | 3 | | | 5 | | | 22 | | | 4 | | | — | | | — | | | (3) | | | 31 | | Total service revenues | 882 | | | 196 | | | 465 | | | 445 | | | — | | | — | | | (65) | | | 1,923 | | Product sales | 28 | | | 58 | | | 26 | | | 218 | | | 1,005 | | | 95 | | | (318) | | | 1,112 | | Total revenues from contracts with customers | 910 | | | 254 | | | 491 | | | 663 | | | 1,005 | | | 95 | | | (383) | | | 3,035 | | Other revenues (1) | 6 | | | 2 | | | 11 | | | — | | | 515 | | | 8 | | | (1) | | | 541 | | Other adjustments (2) | — | | | — | | | — | | | — | | | (1,038) | | | — | | | 115 | | | (923) | | Total revenues | $ | 916 | | | $ | 256 | | | $ | 502 | | | $ | 663 | | | $ | 482 | | | $ | 103 | | | $ | (269) | | | $ | 2,653 | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2023 | | | Revenues from contracts with customers: | | | | | | | | | | | | | | | | Service revenues: | | | | | | | | | | | | | | | | Regulated interstate natural gas transportation and storage | $ | 841 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (18) | | | $ | 823 | | Gathering, processing, transportation, fractionation, and storage: | | | | | | | | | | | | | | | | Monetary consideration | — | | | 121 | | | 450 | | | 368 | | | — | | | — | | | (41) | | | 898 | | Commodity consideration | — | | | 11 | | | — | | | 34 | | | — | | | — | | | — | | | 45 | | Other | 5 | | | 2 | | | 22 | | | 2 | | | — | | | — | | | (3) | | | 28 | | Total service revenues | 846 | | | 134 | | | 472 | | | 404 | | | — | | | — | | | (62) | | | 1,794 | | Product sales | 35 | | | 31 | | | 27 | | | 112 | | | 1,189 | | | 117 | | | (244) | | | 1,267 | | Total revenues from contracts with customers | 881 | | | 165 | | | 499 | | | 516 | | | 1,189 | | | 117 | | | (306) | | | 3,061 | | Other revenues (1) | 5 | | | 4 | | | 6 | | | 17 | | | 697 | | | 13 | | | (2) | | | 740 | | Other adjustments (2) | — | | | — | | | — | | | — | | | (1,328) | | | — | | | 86 | | | (1,242) | | Total revenues | $ | 886 | | | $ | 169 | | | $ | 505 | | | $ | 533 | | | $ | 558 | | | $ | 130 | | | $ | (222) | | | $ | 2,559 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Regulated Interstate Transportation & Storage | | Gulf of Mexico Midstream & Storage | | Northeast Midstream | | West Midstream | | Gas & NGL Marketing Services | | Other | | Eliminations | | Total | | (Millions) | Nine Months Ended September 30, 2024 | | | Revenues from contracts with customers: | | | | | | | | | | | | | | | | Service revenues: | | | | | | | | | | | | | | | | Regulated interstate natural gas transportation and storage | $ | 2,605 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (61) | | | $ | 2,544 | | Gathering, processing, transportation, fractionation, and storage: | | | | | | | | | | | | | | | | Monetary consideration | — | | | 480 | | | 1,317 | | | 1,253 | | | — | | | — | | | (117) | | | 2,933 | | Commodity consideration | — | | | 28 | | | 1 | | | 53 | | | — | | | — | | | — | | | 82 | | Other | 12 | | | 20 | | | 69 | | | 15 | | | — | | | — | | | (12) | | | 104 | | Total service revenues | 2,617 | | | 528 | | | 1,387 | | | 1,321 | | | — | | | — | | | (190) | | | 5,663 | | Product sales | 75 | | | 114 | | | 74 | | | 657 | | | 3,233 | | | 289 | | | (884) | | | 3,558 | | Total revenues from contracts with customers | 2,692 | | | 642 | | | 1,461 | | | 1,978 | | | 3,233 | | | 289 | | | (1,074) | | | 9,221 | | Other revenues (1) | 19 | | | 8 | | | 33 | | | 7 | | | 1,685 | | | 22 | | | (2) | | | 1,772 | | Other adjustments (2) | — | | | — | | | — | | | — | | | (3,575) | | | — | | | 342 | | | (3,233) | | Total revenues | $ | 2,711 | | | $ | 650 | | | $ | 1,494 | | | $ | 1,985 | | | $ | 1,343 | | | $ | 311 | | | $ | (734) | | | $ | 7,760 | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2023 | | | Revenues from contracts with customers: | | | | | | | | | | | | | | | | Service revenues: | | | | | | | | | | | | | | | | Regulated interstate natural gas transportation and storage | $ | 2,480 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (41) | | | $ | 2,439 | | Gathering, processing, transportation, fractionation, and storage: | | | | | | | | | | | | | | | | Monetary consideration | — | | | 334 | | | 1,334 | | | 1,070 | | | — | | | — | | | (130) | | | 2,608 | | Commodity consideration | — | | | 29 | | | 3 | | | 76 | | | — | | | — | | | — | | | 108 | | Other | 14 | | | 10 | | | 67 | | | 8 | | | 1 | | | — | | | (11) | | | 89 | | Total service revenues | 2,494 | | | 373 | | | 1,404 | | | 1,154 | | | 1 | | | — | | | (182) | | | 5,244 | | Product sales | 114 | | | 91 | | | 104 | | | 287 | | | 3,519 | | | 302 | | | (686) | | | 3,731 | | Total revenues from contracts with customers | 2,608 | | | 464 | | | 1,508 | | | 1,441 | | | 3,520 | | | 302 | | | (868) | | | 8,975 | | Other revenues (1) | 26 | | | 11 | | | 20 | | | 95 | | | 3,240 | | | 36 | | | (2) | | | 3,426 | | Other adjustments (2) | — | | | — | | | — | | | — | | | (4,566) | | | — | | | 288 | | | (4,278) | | Total revenues | $ | 2,634 | | | $ | 475 | | | $ | 1,528 | | | $ | 1,536 | | | $ | 2,194 | | | $ | 338 | | | $ | (582) | | | $ | 8,123 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
______________________________ (1)Revenues not derived from contracts with customers primarily consist of physical product sales related to commodity derivative contracts, realized and unrealized gains and losses associated with our commodity derivative contracts, which are reported in Net gain (loss) from commodity derivatives in our Consolidated Statement of Income, management fees that we receive for certain services we provide to operated equity-method investments, and leasing revenues associated with our headquarters building. (2)Other adjustments reflect certain costs of Gas & NGL Marketing Services’ risk management activities. As we are acting as agent for natural gas marketing customers or engage in energy trading activities, the resulting revenues are presented net of the related costs of those activities in our Consolidated Statement of Income.
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Contract with Customer, Asset and Liability [Table Text Block] |
Contract Assets The following table presents a reconciliation of our contract assets: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | (Millions) | Balance at beginning of period | $ | 67 | | | $ | 56 | | | $ | 36 | | | $ | 29 | | Revenue recognized in excess of amounts invoiced | 44 | | | 45 | | | 125 | | | 133 | | Minimum volume commitments invoiced | (23) | | | (28) | | | (73) | | | (89) | | Contract assets acquired | 36 | | | — | | | $ | 36 | | | — | | Balance at end of period | $ | 124 | | | $ | 73 | | | $ | 124 | | | $ | 73 | |
Contract Liabilities The following table presents a reconciliation of our contract liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | (Millions) | Balance at beginning of period | $ | 1,064 | | | $ | 1,039 | | | $ | 1,081 | | | $ | 1,043 | | Payments received and deferred | 33 | | | 40 | | | 150 | | | 164 | | Significant financing component | 2 | | | 3 | | | 6 | | | 7 | | Contract liability acquired (disposed) – net | 53 | | | (2) | | | 53 | | | 3 | | Recognized in revenue | (66) | | | (68) | | | (204) | | | (205) | | Balance at end of period | $ | 1,086 | | | $ | 1,012 | | | $ | 1,086 | | | $ | 1,012 | |
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