v3.26.3
Inventories
 9 Months Ended
Sep. 30, 2026
Inventory Disclosure [Abstract]  
Inventories
Note 3. Inventories
Our inventory amounts by product type were as follows at the dates indicated:
September 30,
2026		December 31,
2025
NGLs$3,706 $2,923 
Petrochemicals and refined products584 665 
Crude oil616 288 
Natural gas1 8 
Total$4,907 $3,884 
Due to fluctuating commodity prices, we recognize lower of cost or net realizable value adjustments when the carrying value of our available-for-sale inventories exceeds their net realizable value. The following table presents our total cost of sales amounts and lower of cost or net realizable value adjustments for the periods indicated:
For the Three Months
Ended September 30,		For the Nine Months
Ended September 30,
2026202520262025
Cost of sales (1)$13,993 $8,590 $38,831 $28,494 
Lower of cost or net realizable value adjustments recognized in cost of sales2 4 4 8 
(1)Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.