EQUITY METHOD INTERESTS (Tables)

9 Months Ended

Sep. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Summary of Equity Method Investment Information

The table below presents the ownership percentages held by the Company and associated carrying values for each entity:

	Interest	September 30, 2021		December 31, 2020
		(In millions)
Gulf Coast Express Pipeline, LLC	16.0%	$	277	$	284
EPIC Crude Holdings, LP	15.0%	165		176
Permian Highway Pipeline, LLC	26.7%	632		615
Shin Oak Pipeline (Breviloba, LLC)	33.0%	464		480
Total Altus equity method interests		$	1,538	$	1,555

The following table presents the activity in Altus’ equity method interests for the nine months ended September 30, 2021:

	Gulf Coast Express Pipeline LLC		EPIC Crude Holdings, LP		Permian Highway Pipeline LLC		Breviloba, LLC		Total
	(In millions)
Balance at December 31, 2020	$	284	$	176	$	615	$	480	$	1,555
Capital contributions	—		2		25		—		27
Distributions	(37)		—		(52)		(39)		(128)
Equity income (loss), net	30		(14)		44		23		83
Accumulated other comprehensive income	—		1		—		—		1
Balance at September 30, 2021	$	277	$	165	$	632	$	464	$	1,538

The following table presents summarized selected income statement data for Altus’ equity method interests (on a 100 percent basis):

	For the Nine Months Ended September 30,
	2021		2020
	(In millions)
Operating revenues	$	812	$	531
Operating income	401		267
Net income	340		217
Other comprehensive income (loss)	4		(1)