v3.26.1
Segment Information - Reconciliation to Net Income (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Depreciation and Amortization [1] $ 365 $ 324 $ 723 $ 650
Interest and Other Financial Costs 289 234 580 463
Income from equity method investments 180 170 362 356
Net income 1,087 1,058 2,009 2,194
Operating Segments        
Segment Reporting [Line Items]        
Adjusted EBITDA 1,775 1,690 3,504 3,447
Segment Reconciling Items [Member]        
Segment Reporting [Line Items]        
Distributions/adjustments related to equity method investments 234 229 485 456
Adjusted EBITDA attributable to noncontrolling interests 11 11 22 22
Other Noncash Income (Expense) [2] (9) 26 91 62
Crude Oil and Products Logistics        
Segment Reporting [Line Items]        
Depreciation and Amortization 146 135 289 268
Crude Oil and Products Logistics | Operating Segments        
Segment Reporting [Line Items]        
Adjusted EBITDA [3] 1,161 1,138 2,272 2,235
Income from equity method investments 52 59 114 115
Natural Gas and NGL Services        
Segment Reporting [Line Items]        
Depreciation and Amortization 219 189 434 382
Natural Gas and NGL Services | Operating Segments        
Segment Reporting [Line Items]        
Adjusted EBITDA [3] 614 552 1,232 1,212
Income from equity method investments $ 128 $ 111 $ 248 $ 241
[1] Depreciation and amortization attributable to Crude Oil and Products Logistics was $146 million and $289 million for the three and six months ended June 30, 2026, respectively, and $135 million and $268 million for the three and six months ended June 30, 2025, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $219 million and $434 million for the three and six months ended June 30, 2026, respectively, and $189 million and $382 million for the three and six months ended June 30, 2025, respectively.
[2] Includes unrealized derivative gain/(loss), equity-based compensation, provision for income taxes, and other miscellaneous items.
[3] See below for the reconciliation from Segment Adjusted EBITDA to Net income.