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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The table below presents the financial results of the Texas pipelines included in income from discontinued operations:
Years Ended December 31,
202320222021
(millions)
OPERATING REVENUES(a)
$224 $242 $260 
OPERATING EXPENSES
Operations and maintenance(b)
30 44 45 
Depreciation and amortization
32 36 37 
Taxes other than income taxes and other
8 9 8 
Total operating expenses – net
70 89 90 
GAIN ON DISPOSAL OF A BUSINESS375 — — 
OPERATING INCOME529 153 170 
OTHER INCOME (DEDUCTIONS)
Interest expense
(22)5 (3)
Equity in earnings of equity method investees
2 6 2 
Other – net
— (2)— 
Total other income (deductions) – net
(20)9 (1)
INCOME BEFORE INCOME TAXES509 162 169 
INCOME TAXES59 10 11 
INCOME FROM DISCONTINUED OPERATIONS(c)
$450 $152 $158 
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(a)    Represents service revenues earned under gas transportation agreements. Includes related party revenues of approximately $32 million, $23 million and $40 million for 2023, 2022 and 2021, respectively. Includes revenues attributable to foreign countries related to NEP's contract with a Mexican counterparty of approximately $144 million, $155 million and $141 million for 2023, 2022 and 2021, respectively.
(b)    Includes related party amounts of approximately $12 million, $33 million and $40 million for 2023, 2022 and 2021, respectively.
(c)    Includes net income attributable to noncontrolling interests of approximately $281 million, $120 million and $125 million for 2023, 2022 and 2021, respectively. Income tax expense attributable to noncontrolling interests for all periods are less than $1 million.
Disposal Groups, Including Discontinued Operations, Assets and Liabilities Held For Sale
The table below presents the aggregate carrying amounts for the major classes of assets and liabilities held for sale related to the Texas pipelines:
December 31, 2022
(millions)
ASSETS HELD FOR SALE
Current assets held for sale:
Cash and cash equivalents$9 
Accounts receivable20 
Due from related parties4 
Inventory2 
Other9 
Total current assets held for sale44 
Noncurrent assets held for sale:
Property, plant and equipment – net
758 
Intangible assets – customer relationships – net(a)
526 
Goodwill79 
Investments in equity method investees42 
Other3 
Total noncurrent assets held for sale1,408 
TOTAL ASSETS HELD FOR SALE$1,452 
LIABILITIES ASSOCIATED WITH ASSETS HELD FOR SALE
Current liabilities associated with assets held for sale:
Accounts payable and accrued expenses$1 
Due to related parties5 
Accrued property taxes8 
Other6 
Total current liabilities associated with assets held for sale20 
Noncurrent liabilities associated with assets held for sale:
Other3 
Total noncurrent liabilities associated with assets held for sale3 
TOTAL LIABILITIES ASSOCIATED WITH ASSETS HELD FOR SALE$23 
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(a)    Reflects intangible asset – customer relationships related to the acquisition of the Texas pipelines in 2015 which were amortized on a straight-line basis over the estimated useful life of approximately 40 years. At December 31, 2022, accumulated amortization related to the intangible asset – customer relationships was approximately $114 million. Amortization expense for intangible asset – customer relationships was approximately $13 million, $17 million and $17 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Disposal Groups, Including Discontinued Operations, Cash Flows The table below presents cash flows from discontinued operations for major captions on the consolidated statements of cash flows related to the Texas pipelines:
Years Ended December 31,
202320222021
(millions)
Depreciation and amortization$32 $36 $37 
Change in value of derivative contracts$14 $(14)$(6)
Deferred income taxes$59 $10 $11 
Gain on disposal of a business$375 $— $— 
Capital expenditures and other investments$(137)$(33)$(11)