v3.26.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations (in millions):

March 31,
2026		December 31,
2025
Assets:
Current assets:
Trade accounts receivable and other receivables, net
$435 $285 
Inventory102 176 
Other current assets65 18 
Total current assets of discontinued operations
$602 $479 
Long-term assets:
Property and equipment, net (1)
$2,167 $2,191 
Linefill76 70 
Long-term operating lease right-of-use assets, net136 138 
Long-term inventory39 38 
Other long-term assets, net119 120 
Total long-term assets of discontinued operations
$2,537 $2,557 
Liabilities:
Current liabilities:
Trade accounts payable
$450 $295 
Other current liabilities111 87 
Total current liabilities of discontinued operations
$561 $382 
Long-term liabilities:
Long-term operating lease liabilities$90 $96 
Other long-term liabilities and deferred credits575 510 
Total long-term liabilities of discontinued operations
$665 $606 
(1)Amounts are net of accumulated depreciation of $862 million and $876 million as of March 31, 2026 and December 31, 2025, respectively.
The following table provides a reconciliation of the line items comprising income/(loss) from discontinued operations before tax to income/(loss) from discontinued operations, net of tax (in millions):

Three Months Ended
March 31,
20262025
Revenues:
Product sales
$256 $498 
Services
38 36 
Total revenues
294 534 
Cost and Expenses:
Purchases and related costs
205 244 
Field operating costs71 68 
General and administrative expenses14 15 
Depreciation and amortization
— 30 
Losses on asset sales and other, net
32 — 
Total costs and expenses
322 357 
Income/(loss) from discontinued operations before tax
(28)177 
Current income tax expense
(44)(39)
Deferred income tax expense
(31)(2)
Income/(loss) from discontinued operations, net of tax
$(103)$136