Reportable Segments (Notes)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Reportable Segments

7.  Reportable Segments

Financial information by segment follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In millions)
Revenues
Natural Gas Pipelines
Revenues from external customers	$	1,987	$	3,363	$	4,450	$	6,156
Intersegment revenues	4		(7)		7		13
Products Pipelines	735		996		1,403		1,762
Terminals
Revenues from external customers	477		449		937		878
Intersegment revenues	1		1		2		2
CO2	302		343		599		648
Corporate and intersegment eliminations	(5)		6		(9)		(15)
Total consolidated revenues	$	3,501	$	5,151	$	7,389	$	9,444

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In millions)
Segment EBDA(a)
Natural Gas Pipelines	$	1,255	$	1,134	$	2,750	$	2,318
Products Pipelines	285		299		469		598
Terminals	261		253		515		491
CO2	175		212		347		404
Total Segment EBDA	1,976		1,898		4,081		3,811
DD&A	(557)		(543)		(1,122)		(1,081)
Amortization of excess cost of equity investments	(19)		(19)		(36)		(38)
General and administrative and corporate charges	(179)		(144)		(358)		(289)
Interest, net	(443)		(355)		(888)		(688)
Income tax expense	(168)		(184)		(364)		(378)
Total consolidated net income	$	610	$	653	$	1,313	$	1,337

	June 30, 2023		December 31, 2022
	(In millions)
Assets
Natural Gas Pipelines	$	47,406	$	47,978
Products Pipelines	8,832		8,985
Terminals	8,292		8,357
CO2	3,505		3,449
Corporate assets(b)	1,038		1,309
Total consolidated assets	$	69,073	$	70,078

(a)Includes revenues, earnings from equity investments, operating expenses, gain on divestitures and impairments, net, other income, net, and other, net. Operating expenses include costs of sales, operations and maintenance expenses, and taxes, other than income taxes.

(b)Includes cash and cash equivalents, restricted deposits, certain prepaid assets and deferred charges, risk management assets related to derivative contracts, corporate headquarters in Houston, Texas and miscellaneous corporate assets (such as information technology, telecommunications equipment and legacy activity) not allocated to our reportable segments.