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EQUITY METHOD INTERESTS (Tables)
 12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Equity Method Investment Information
The following table presents the activity in Altus’ equity method interests for the year ended December 31, 2019:
 
 
Gulf Coast Express Pipeline LLC
 
EPIC Crude Holdings, LP
 
Permian Highway Pipeline LLC
 
Breviloba, LLC
 
Total(2)
 
 
(In millions)
Balance at December 31, 2018
 
$
91

 
$
—

 
$
—

 
$
—

 
$
91

Acquisitions
 
15

 
52

 
162

 
442

 
671

Capital contributions
 
184

 
123

 
147

 
47

 
501

Distributions
 
(16
)
 
—

 
—

 
(9
)
 
(25
)
Capitalized interest(1)
 
—

 
—

 
2

 
—

 
2

Equity income (loss), net
 
17

 
(11
)
 
—

 
13

 
19

Accumulated other comprehensive loss
 
—

 
(1
)
 
—

 
—

 
(1
)
Balance at December 31, 2019
 
$
291

 
$
163

 
$
311

 
$
493

 
$
1,258

(1)
Altus’ proportionate share of the Permian Highway Pipeline (PHP) construction costs is funded with Altus’ revolving credit facility. Accordingly, Altus capitalized $2 million of related interest expense, which is included in the basis of the PHP equity interest.
(2)
At December 31, 2019, consolidated retained earnings, net of amortized basis differences, included $5 million related to undistributed earnings of equity method investments.
The following presents summarized combined balance sheet information for Altus’ equity method interests (on a 100 percent basis):
 
 
December 31,
 
 
2019
 
2018
 
 
(In millions)
Current assets
 
$
441

 
$
451

Noncurrent assets
 
6,431

 
2,377

Total assets
 
$
6,872

 
$
2,828

 
 
 
 
 
Current liabilities
 
$
478

 
$
805

Noncurrent liabilities
 
958

 
1

Equity
 
5,436

 
2,022

Total liabilities and equity
 
$
6,872

 
$
2,828


The following presents summarized combined statement of operations information for Altus’ equity method interests (on a 100 percent basis):
 
 
For the Year Ended December 31,
 
 
2019(1)
 
2018(1)
 
 
(In millions)
Operating revenues
 
$
302

 
$
2

Operating expenses
 
181

 
8

Operating income (loss)
 
121

 
(6
)
Net income (loss)
 
115

 
(6
)
Other comprehensive loss
 
(8
)
 
—

(1)
The financial results for all equity method interests are presented for the entire twelve months for both periods for comparability.
 
 
December 31, 2019
 
December 31, 2018
 
 
Interest
 
Amount
 
Interest
 
Amount
 
 
($ in millions)
Gulf Coast Express Pipeline LLC
 
16.0
%
 
$
291

 
15.0
%
 
$
91

EPIC Crude Holdings, LP
 
15.0
%
 
163

 
—

 
—

Permian Highway Pipeline LLC
 
26.7
%
 
311

 
—

 
—

Shin Oak Pipeline (Breviloba, LLC)
 
33.0
%
 
493

 
—

 
—

 
 
 
 
$
1,258

 
 
 
$
91