DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments on Consolidated Balance Sheet and Statement of Consolidated Operations

Derivative Activity Recorded in the Statement of Consolidated Operations

The following table summarizes the effect of derivative instruments on the Company’s statement of consolidated operations:

	For the Year Ended December 31,
	2023		2022		2021
	(In millions)
Realized:
Commodity derivative instruments	$	—	$	(72)	$	25
Foreign currency derivative instruments	—		(13)		—
Realized gains (losses), net	—		(85)		25
Unrealized:
Commodity derivative instruments	—		9		(20)
Pipeline capacity embedded derivatives	—		—		7
Preferred Units embedded derivative	—		(31)		82
Unrealized gains (losses), net	—		(22)		69
Derivative instrument gains (losses), net	$	—	$	(107)	$	94