DCP Midstream (DCP-PC) 10-Q 7 May 20 2020 FY Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Entity Registrant Name	DCP MIDSTREAM, LP
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Fiscal Period Focus	FY
Entity Central Index Key	0001338065
Current Fiscal Year End Date	--03-31
Document Type	10-Q
City Area Code	(303)
Local Phone Number	595-3331
Entity Address, Postal Zip Code	80202
Entity Address, Address Line One	370 17th Street
Entity Address, Address Line Two	Suite 2500
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Current Reporting Status	Yes
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	03-0567133
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-32678
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		208,329,928
Series B Preferred Limited Partners [Member]
Title of 12(b) Security	7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Trading Symbol	DCP PRB
Security Exchange Name	NYSE
Series C Preferred Limited Partners [Member]
Title of 12(b) Security	7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Trading Symbol	DCP PRC
Security Exchange Name	NYSE
Limited Partners
Title of 12(b) Security	Common units representing limited partnership interests
Trading Symbol	DCP
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 18	$ 1
Accounts receivable:
Trade, net of allowance for doubtful accounts of $3 and $3 million, respectively	485	726
Affiliates	98	138
Other	14	14
Inventories	26	46
Unrealized gains on derivative instruments	252	32
Collateral cash deposits	35	111
Other	30	12
Total current assets	958	1,080
Property, plant and equipment, net	8,180	8,811
Goodwill	0	159
Intangible assets, net	48	61
Investments in unconsolidated affiliates	3,681	3,724
Unrealized gains on derivative instruments	53	2
Operating lease assets	98	107
Other long-term assets	170	183
Total assets	13,188	14,127
Accounts payable:
Affiliates	97	100
Other	26	35
Current debt	3	603
Unrealized losses on derivative instruments	192	58
Accrued interest	67	80
Accrued taxes	69	65
Accrued wages and benefits	25	58
Capital spending accrual	10	28
Other	148	128
Total current liabilities	966	1,793
Long-term debt	5,921	5,321
Unrealized losses on derivative instruments	46	20
Deferred income taxes	30	30
Operating lease liabilities	83	88
Other long-term liabilities	226	242
Total liabilities	7,272	7,494
Equity:
Limited partners (208,329,928 and 143,317,328 common units authorized, issued and outstanding, respectively)	5,135	5,861
Accumulated other comprehensive loss	(7)	(7)
Total partners’ equity	5,888	6,605
Noncontrolling interests	28	28
Total equity	5,916	6,633
Total liabilities and equity	13,188	14,127
Allowance for Doubtful Accounts Receivable, Current	$ 2	3
Common unitholders, units outstanding (in shares)	208,329,928
Common unitholders, units issued (in shares)	208,329,928
Accounts Payable, Trade, Current	$ 329	638
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	41	1
Series A Preferred Limited Partners [Member]
Equity:
Preferred Units, Preferred Partners' Capital Accounts	498	489
Total equity	$ 498	$ 489
Preferred Units, Issued	500,000	500,000
Preferred Units, Outstanding	500,000	500,000
Series B Preferred Limited Partners [Member]
Equity:
Preferred Units, Preferred Partners' Capital Accounts	$ 156	$ 156
Total equity	$ 156	$ 156
Preferred Units, Issued	6,450,000	6,450,000
Preferred Units, Outstanding	6,450,000	6,450,000
Series C Preferred Limited Partners [Member]
Equity:
Preferred Units, Preferred Partners' Capital Accounts	$ 106	$ 106
Total equity	$ 106	$ 106
Preferred Units, Issued	4,400,000	4,400,000
Preferred Units, Outstanding	4,400,000	4,400,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating revenues:
Trading and marketing gains (losses), net	$ 152	$ (27)
Total operating revenues	1,657	2,199
Operating costs and expenses:
Operating and maintenance expense	153	178
Depreciation and amortization expense	99	103
General and administrative expense	56	67
Other expense, net	(3)	(5)
Asset Impairment	746	0
Loss on sale of assets, net	0	9
Total operating costs and expenses	2,203	2,166
Operating (loss) income	(546)	33
Earnings from unconsolidated affiliates	76	113
Interest expense, net	(78)	(69)
(Loss) income before income taxes	(548)	77
Income tax expense	1	1
Net income	(549)	76
Net income attributable to noncontrolling interests	(1)	(1)
Net income attributable to partners	(550)	75
Series A preferred limited partners' interest in net income	(9)	(9)
Series B preferred limited partners' interest in net income	(3)	(3)
Series C preferred limited partners' interest in net income	(2)	(2)
General partner’s interest in net income	0	(41)
Net income allocable to limited partners	$ (564)	$ 20
Net income per limited partner unit — basic and diluted	$ (2.71)	$ 0.14
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	208.3	143.3
Property, plant, and equipment impairment	$ 587
Natural Gas, NGLs and Condensate [Member] | Third Party
Operating revenues:
Sales of natural gas, NGLs and condensate	1,171	$ 1,771
Operating costs and expenses:
Purchases and related costs	872	1,533
Transportation, Processing and Other [Member]
Operating revenues:
Sales of natural gas, NGLs and condensate	112	115
Affiliated Entity | Natural Gas, NGLs and Condensate [Member]
Operating revenues:
Sales of natural gas, NGLs and condensate	222	340
Operating costs and expenses:
Purchases and related costs	36	62
Affiliated Entity | Transportation Fees
Operating costs and expenses:
Purchases and related costs	$ 238	$ 209

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (549)	$ 76
Other comprehensive income:
Other comprehensive income	0	0
Other comprehensive income	0	0
Total comprehensive income	(549)	76
Total comprehensive income attributable to noncontrolling interests	(1)	(1)
Total comprehensive income attributable to partners	$ (550)	$ 75

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Series A Preferred Limited Partners [Member]	Series B Preferred Limited Partners [Member]	Series C Preferred Limited Partners [Member]	Limited Partners	General Partner	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interests
Beginning balance at Dec. 31, 2018	$ 7,297	$ 489	$ 156	$ 106	$ 6,418	$ 107	$ (8)	$ 29
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	76	9	3	2	20	41	0	1
Other comprehensive income	0
Total Cash Distribution to Unitholders	(159)	0	(3)	(2)	(111)	(43)	0	0
Distributions to noncontrolling interests	(1)	0	0	0	0	0	0	1
Ending balance at Mar. 31, 2019	7,213	498	156	106	6,327	$ 105	(8)	29
Beginning balance at Dec. 31, 2019	6,633	489	156	106	5,861		(7)	28
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	(549)	9	3	2	(564)		0	1
Other comprehensive income	0
Total Cash Distribution to Unitholders	(167)	0	(3)	(2)	(162)		0	0
Distributions to noncontrolling interests	(1)	0	0	0	0		0	(1)
Ending balance at Mar. 31, 2020	$ 5,916	$ 498	$ 156	$ 106	$ 5,135		$ (7)	$ 28

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
OPERATING ACTIVITIES:
Net (loss) income	$ (549)	$ 76
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	99	103
Earnings from unconsolidated affiliates	(76)	(113)
Distributions from unconsolidated affiliates	153	124
Net unrealized (gains) losses on derivative instruments	(134)	54
Loss on sale of assets, net	0	9
Asset Impairment	746	0
Other, net	(17)	(6)
Change in operating assets and liabilities, which (used) provided cash, net of effects of acquisitions:
Accounts receivable	(282)	(118)
Inventories	(16)	(14)
Accounts payable	(310)	29
Decrease in Other Operating Assets and Liabilities, Net	70	(103)
Net cash provided by operating activities	314	317
INVESTING ACTIVITIES:
Capital expenditures	(69)	(182)
Investments in unconsolidated affiliates	(34)	(131)
Proceeds from sale of assets	0	103
Net cash used in investing activities	(103)	(210)
FINANCING ACTIVITIES:
Proceeds from debt	2,151	1,402
Payments of debt	2,152	1,348
Distributions to preferred limited partners	5	5
Distributions to limited partners and general partner	(162)	(154)
Distributions to noncontrolling interest	1	1
Proceeds from (Payments for) Other Financing Activities	(2)	(1)
Net cash provided by (used in) financing activities	(171)	(107)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	40	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	41	1
Cash and cash equivalents, end of period	18	1
Restricted Cash, Current	12	0
Restricted Cash, Noncurrent	$ 11	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation (Notes)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	1. Description of Business and Basis of Presentation DCP Midstream, LP, with its consolidated subsidiaries, or “ us, ” “ we, ” “ our ” or the “ Partnership ” is a Delaware limited partnership formed in 2005 by DCP Midstream, LLC to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. Our Partnership includes our Logistics and Marketing and Gathering and Processing segments. For additional information regarding these segments, see Note 18 - Business Segments. Our operations and activities are managed by our general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, which we refer to as the General Partner, and which is 100% owned by DCP Midstream, LLC. DCP Midstream, LLC and its subsidiaries and affiliates, collectively referred to as DCP Midstream, LLC, is owned 50% by Phillips 66 and 50% by Enbridge Inc. and its affiliates, or Enbridge. DCP Midstream, LLC directs our business operations through its ownership and control of the General Partner. As of March 31, 2020, DCP Midstream, LLC, together with our general partner, owned approximately 57% of us through limited partner interests. The condensed consolidated financial statements include the accounts of the Partnership and all majority-owned subsidiaries where we have the ability to exercise control. Investments in greater than 20% owned affiliates that are not variable interest entities and where we do not have the ability to exercise control, and investments in less than 20% owned affiliates where we have the ability to exercise significant influence, are accounted for using the equity method. The condensed consolidated financial statements have been prepared in accordance with GAAP. Conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and notes. Although these estimates are based on management's best available knowledge of current and expected future events, actual results could differ from these estimates, which may be significantly impacted by various factors, including those outside of our control, such as the impact of a sustained deterioration in commodity prices and volumes, which would negatively impact our results of operations, financial condition and cash flows. All intercompany balances and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q have been prepared pursuant to the rules and regulations of the SEC. Accordingly, these condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the respective interim periods. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with GAAP have been condensed or omitted from these interim financial statements pursuant to such rules and regulations, although we believe that the disclosures made are adequate to make the information presented not misleading. Results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These unaudited condensed consolidated financial statements and other information included in this Quarterly Report on Form 10-Q should be read in conjunction with the 2019 audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019.

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Update to Significant Accounting PoliciesCash, Cash Equivalents, and Restricted Cash - We consider investments in highly liquid financial instruments purchased with an original stated maturity of 90 days or less and temporary investments of cash in short-term money market securities to be cash equivalents. Restricted cash primarily consists of amounts held in our non-qualified deferred compensation plan. Restricted cash is excluded from cash and cash equivalents and is included in other current or non-current assets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements (Notes)	3 Months Ended
	Mar. 31, 2020
Recent Accounting Pronouncements, Policy [Abstract]
Recent Accounting Pronouncements and Changes in Accounting Principles [Text Block]	. Recent Accounting Pronouncements FASB ASU, 2020-04 “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” or ASU 2020-04 - In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying GAAP to contract modifications, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This ASU is effective for interim and annual reporting periods that include or are subsequent to March 12, 2020. We adopted this ASU on March 12, 2020 and it did not have a material impact on our condensed consolidated financial statements. FASB ASU, 2018-15 “ Intangibles - Goodwill and Other - Internal-use Software (Subtopic 350-40): Customers Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract ” or ASU 2018-15 - In August 2018, the FASB issued ASU 2018-15, which aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service contract with the guidance on capitalizing costs associated with developing or obtaining internal-use software. This ASU is effective for interim and annual reporting periods beginning after December 15, 2019, with the option to early adopt for financial statements that have not been issued. We adopted this ASU on January 1, 2020 and it did not have a material impact on our condensed consolidated financial statements. FASB ASU, 2016-13 “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ” or ASU 2016-13 - In June 2016, the FASB issued ASU 2016-13, which amends current measurement techniques used to estimate credit losses for financial assets. This ASU is effective for interim and annual reporting periods beginning after December 15, 2019, with the option to early adopt for financial statements that have not been issued. We adopted this ASU on January 1, 2020 and it did not have a material impact on our condensed consolidated financial statements.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	. Revenue Recognition We disaggregate our revenue from contracts with customers by type of contract for each of our reportable segments, as we believe it best depicts the nature, timing and uncertainty of our revenue and cash flows. The following tables set forth our revenue by those categories: Three Months Ended March 31, 2020 Logistics and Marketing Gathering and Processing Eliminations Total (millions) Sales of natural gas $ 411 $ 326 $ (290) $ 447 Sales of NGLs and condensate (a) 883 387 (324) 946 Transportation, processing and other 13 99 — 112 Trading and marketing gains, net (b) 51 101 — 152 Total operating revenues $ 1,358 $ 913 $ (614) $ 1,657 Three Months Ended March 31, 2019 Logistics and Marketing Gathering and Processing Eliminations Total (millions) Sales of natural gas $ 637 $ 557 $ (498) $ 696 Sales of NGLs and condensate (a) 1,403 648 (636) 1,415 Transportation, processing and other 12 103 — 115 Trading and marketing losses, net (b) (7) (20) — (27) Total operating revenues $ 2,045 $ 1,288 $ (1,134) $ 2,199 (a) Includes $591 million and $858 million for the three months ended March 31, 2020 and 2019, respectively, of revenues from physical sales contracts and buy-sell exchange transactions in our Logistics and Marketing segment, which are not within the scope of Topic 606. (b) Not within the scope of Topic 606. The revenue expected to be recognized in the future related to performance obligations that are not satisfied is approximately $383 million as of March 31, 2020. Our remaining performance obligations primarily consist of minimum volume commitment fee arrangements and are expected to be recognized through 2028 with a weighted average remaining life of four years as of March 31, 2020. As a practical expedient permitted by Topic 606, this amount excludes variable consideration as well as remaining performance obligations that have original expected durations of one year or less, as applicable. Our remaining performance obligations also exclude estimates of variable rate escalation clauses in our contracts with customers.

Contract Liabilities (Notes)

Contract Liabilities (Notes)	3 Months Ended
	Mar. 31, 2020
Contract Assets and Liabilities [Abstract]
Contract Assets and Liabilities [Text Block]	. Contract LiabilitiesOur contract liabilities consist of deferred revenue received from reimbursable projects. The noncurrent portion of deferred revenue is included in other long-term liabilities on our condensed consolidated balance sheets. The following table summarizes changes in contract liabilities included in our condensed consolidated balance sheets: March 31, 2020 (millions) Balance, beginning of period $ 33 Additions 2 Revenue recognized (a) (1) Balance, end of period $ 34 (a) Deferred revenue recognized is included in transportation, processing and other on the condensed consolidated statement of operations. The contract liabilities disclosed in the table above will be recognized as revenue as the obligations are satisfied over their average remaining contract life, which is 35 years as of March 31, 2020.

Agreements and Transactions wit

Agreements and Transactions with Affiliates	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Agreements and Transactions with Affiliates	. Agreements and Transactions with Affiliates DCP Midstream, LLC Services Agreement and Other General and Administrative Charges Under the Services and Employee Secondment Agreement (the “Services Agreement ” ), we are required to reimburse DCP Midstream, LLC for costs, expenses, and expenditures incurred or payments made on our behalf for general and administrative functions including, but not limited to, legal, accounting, compliance, treasury, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources, benefit plan maintenance and administration, credit, payroll, internal audit, taxes and engineering, as well as salaries and benefits of seconded employees, insurance coverage and claims, capital expenditures, maintenance and repair costs and taxes. There is no limit on the reimbursements we make to DCP Midstream, LLC under the Services Agreement for costs, expenses and expenditures incurred or payments made on our behalf. The following table summarizes employee related costs that were charged by DCP Midstream, LLC to the Partnership that are included in the condensed consolidated statements of operations: Three Months Ended March 31, 2020 2019 (millions) Employee related costs charged by DCP Midstream, LLC Operating and maintenance expense $ 44 $ 49 General and administrative expense $ 35 $ 47 Phillips 66 and its Affiliates We sell a portion of our residue gas and NGLs to and purchase NGLs from Phillips 66 and its respective affiliates. We anticipate continuing to sell commodities to and purchase commodities from Phillips 66 and its affiliates in the ordinary course of business. Unconsolidated Affiliates We sell a portion of our residue gas and NGLs to, purchase natural gas and other NGL products from, provide gathering and transportation services to, and receive transportation services from unconsolidated affiliates. We anticipate continuing to purchase and sell commodities and receive and provide services to unconsolidated affiliates in the ordinary course of business. Summary of Transactions with Affiliates The following table summarizes our transactions with affiliates: Three Months Ended March 31, 2020 2019 (millions) Phillips 66 (including its affiliates): Sales of natural gas, NGLs and condensate to affiliates $ 212 $ 326 Purchases and related costs from affiliates $ 27 $ 31 Transportation and related costs from affiliates $ 23 $ 14 Operating and maintenance and general administrative expenses $ 4 $ 4 Enbridge (including its affiliates): Sales of natural gas, NGLs and condensate to affiliates $ 1 $ — Purchases and related costs from affiliates $ — $ 7 Unconsolidated affiliates: Sales of natural gas, NGLs and condensate to affiliates $ 9 $ 14 Transportation, processing, and other to affiliates $ 3 $ 1 Purchases and related costs from affiliates $ 9 $ 24 Transportation and related costs from affiliates $ 215 $ 195 We had balances with affiliates as follows: March 31, 2020 December 31, 2019 (millions) Phillips 66 (including its affiliates): Accounts receivable $ 81 $ 117 Accounts payable $ 27 $ 20 Enbridge (including its affiliates): Accounts payable $ — $ 2 Unconsolidated affiliates: Accounts receivable $ 17 $ 21 Accounts payable $ 70 $ 78

Inventories (Notes)

Inventories (Notes)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	. Inventories Inventories were as follows: March 31, 2020 December 31, 2019 (millions) Natural gas $ 17 $ 19 NGLs 9 27 Total inventories $ 26 $ 46 We recognize lower of cost or net realizable value adjustments when the carrying value of our inventories exceeds their estimated market value. These non-cash charges are a component of purchases and related costs in the condensed consolidated statements of operations. We recognized $4 million and $5 million of lower of cost or net realizable value adjustments during the three months ended March 31, 2020 and 2019, respectively.

Property, Plant and Equipment (

Property, Plant and Equipment (Notes)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment A summary of property, plant and equipment by classification is as follows: Depreciable March 31, 2020 December 31, 2019 (millions) Gathering and transmission systems 20 — 50 Years $ 7,677 $ 8,406 Processing, storage and terminal facilities 35 — 60 Years 4,873 5,305 Other 3 — 30 Years 577 585 Finance lease assets 4 — 7 Years 21 25 Construction work in progress 194 183 Property, plant and equipment 13,342 14,504 Accumulated depreciation (5,162) (5,693) Property, plant and equipment, net $ 8,180 $ 8,811 Interest capitalized on construction projects was $2 million and $5 million for the three months ended March 31, 2020 and 2019, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	3 Months Ended
	Mar. 31, 2020
Goodwill Disclosure [Abstract]
Goodwill Disclosure [Text Block]	Goodwill We perform our annual goodwill assessment during the third quarter at the reporting unit level, and update the test during interim periods when we believe events or changes in circumstances indicate that it is more likely than not that an impairment exists. During the first quarter of 2020, certain areas of our business, as well as those of other midstream companies in our peer group, suffered a significant decline in market value. This indicated both a reduction of estimated enterprise value and an increase to our estimated discount rate. Our goodwill impairment assessment is conducted by assessing whether (i) the components of our operating segments constitute businesses for which discrete financial information is available, (ii) segment management regularly reviews the operating results of those components and (iii) the economic and regulatory characteristics are similar. As a result of the increase in our estimated discount rate coupled with a decline in forecasted cash flows due to commodity pricing, we concluded the carrying value of goodwill in the North reporting unit within our Gathering and Processing segment was more likely than not impaired. Therefore, we performed an analysis to determine the estimated fair value of the North reporting unit as of March 31, 2020 and concluded that its carrying value exceeded its fair value by more than the recorded amount of goodwill within the reporting unit, resulting in an impairment charge of $159 million. The significant decline in commodity prices and demand have decreased forecasted cash flows such that, while in excess of asset book value on an undiscounted basis, they were not sufficient to recover the value of allocated goodwill in the North reporting unit. We primarily used a discounted cash flow analysis, supplemented by a market approach analysis, to perform our goodwill assessment. Key assumptions in the analysis include the use of an appropriate discount rate, a terminal year multiple, and estimated future cash flows, including an estimate of operating and general and administrative costs. In estimating cash flows, we incorporate current market information (including forecasted volumes and commodity prices), as well as historical and other factors. To estimate the discount rate, we used a capital asset pricing model to calculate a rate believed to be consistent with those utilized by market participants. The carrying amount of goodwill in each of our reportable segments was as follows: As of March 31, 2020 As of March 31, 2019 Gathering and Processing Logistics and Marketing Total Gathering and Processing Logistics and Marketing Total (millions) Balance, beginning of period $ 159 $ — $ 159 $ 159 $ 72 $ 231 Impairment (159) — (159) — — — Dispositions — — — — (37) (37) Balance, end of period $ — $ — $ — $ 159 $ 35 $ 194 Intangible assets consist of customer contracts, including commodity purchase, transportation and processing contracts and related relationships. The gross carrying amount and accumulated amortization of these intangible assets are included in the accompanying consolidated balance sheets as intangible assets, net, and are as follows: March 31, December 31, 2020 2019 (millions) Gross carrying amount $ 145 $ 145 Accumulated amortization (86) (84) Accumulated impairment (11) — Intangible assets, net $ 48 $ 61

Investments in Unconsolidated A

Investments in Unconsolidated Affiliates	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates The following table summarizes our investments in unconsolidated affiliates: Carrying Value as of Percentage March 31, December 31, 2019 (millions) DCP Sand Hills Pipeline, LLC 66.67% $ 1,768 $ 1,764 DCP Southern Hills Pipeline, LLC 66.67% 742 738 Front Range Pipeline LLC 33.33% 209 206 Gulf Coast Express LLC 25.00% 445 449 Texas Express Pipeline LLC 10.00% 100 101 Cheyenne Connector 50.00% 100 83 Mont Belvieu Enterprise Fractionator 12.50% 27 27 Mont Belvieu 1 Fractionator 20.00% 8 9 Discovery Producer Services LLC 40.00% 256 322 Panola Pipeline Company, LLC 15.00% 22 22 Other Various 4 3 Total investments in unconsolidated affiliates $ 3,681 $ 3,724 Earnings from investments in unconsolidated affiliates were as follows: Three Months Ended March 31, 2020 2019 (millions) DCP Sand Hills Pipeline, LLC $ 78 $ 68 DCP Southern Hills Pipeline, LLC 20 23 Front Range Pipeline LLC 11 7 Gulf Coast Express LLC 16 — Texas Express Pipeline LLC 4 5 Mont Belvieu Enterprise Fractionator 3 4 Mont Belvieu 1 Fractionator 3 4 Discovery Producer Services LLC (a) (61) — Other 2 2 Total earnings from unconsolidated affiliates $ 76 $ 113 (a) See Note 11 for further discussion The following tables summarize the combined financial information of our investments in unconsolidated affiliates: Three Months Ended March 31, 2020 2019 (millions) Statements of operations: Operating revenue $ 527 $ 421 Operating expenses $ 185 $ 191 Net income $ 341 $ 231 March 31, December 31, (millions) Balance sheets: Current assets $ 368 $ 463 Long-term assets 7,598 7,546 Current liabilities (169) (231) Long-term liabilities (257) (252) Net assets $ 7,540 $ 7,526

Fair Value Measurement (Notes)

Fair Value Measurement (Notes)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Derivatives and Fair Value	11. Fair Value Measurement Valuation Hierarchy Our fair value measurements are grouped into a three-level valuation hierarchy and are categorized in their entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows. • Level 1 — inputs are unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2 — inputs include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 — inputs are unobservable and considered significant to the fair value measurement. A financial instrument’s categorization within the hierarchy is based upon the level of judgment involved in the most significant input in the determination of the instrument’s fair value. Following is a description of the valuation methodologies used as well as the general classification of such instruments pursuant to the hierarchy. Commodity Derivative Assets and Liabilities We enter into a variety of derivative financial instruments, which may include exchange traded instruments (such as New York Mercantile Exchange, or NYMEX, crude oil or natural gas futures) or over-the-counter, or OTC, instruments (such as natural gas contracts, crude oil or NGL swaps). The exchange traded instruments are generally executed with a highly rated broker dealer serving as the clearinghouse for individual transactions. Our activities expose us to varying degrees of commodity price risk. To mitigate a portion of this risk and to manage commodity price risk related primarily to owned natural gas storage and pipeline assets, we engage in natural gas asset based trading and marketing, and we may enter into natural gas and crude oil derivatives to lock in a specific margin when market conditions are favorable. A portion of this may be accomplished through the use of exchange traded derivative contracts. Such instruments are generally classified as Level 1 since the value is equal to the quoted market price of the exchange traded instrument as of our balance sheet date, and no adjustments are required. Depending upon market conditions and our strategy we may enter into exchange traded derivative positions with a significant time horizon to maturity. Although such instruments are exchange traded, market prices may only be readily observable for a portion of the duration of the instrument. In order to calculate the fair value of these instruments, readily observable market information is utilized to the extent it is available; however, in the event that readily observable market data is not available, we may interpolate or extrapolate based upon observable data. In instances where we utilize an interpolated or extrapolated value, and it is considered significant to the valuation of the contract as a whole, we would classify the instrument within Level 3. We also engage in the business of trading energy related products and services, which exposes us to market variables and commodity price risk. We may enter into physical contracts or financial instruments with the objective of realizing a positive margin from the purchase and sale of these commodity-based instruments. We may enter into derivative instruments for NGLs or other energy related products, primarily using the OTC derivative instrument markets, which are not as active and liquid as exchange traded instruments. Market quotes for such contracts may only be available for short dated positions (up to six months), and an active market itself may not exist beyond such time horizon. Contracts entered into with a relatively short time horizon for which prices are readily observable in the OTC market are generally classified within Level 2. Contracts with a longer time horizon, for which we internally generate a forward curve to value such instruments, are generally classified within Level 3. The internally generated curve may utilize a variety of assumptions including, but not limited to, data obtained from third-party pricing services, historical and future expected relationship of NGL prices to crude oil prices, the knowledge of expected supply sources coming online, expected weather trends within certain regions of the United States, and the future expected demand for NGLs. Each instrument is assigned to a level within the hierarchy at the end of each financial quarter depending upon the extent to which the valuation inputs are observable. Generally, an instrument will move toward a level within the hierarchy that requires a lower degree of judgment as the time to maturity approaches, and as the markets in which the asset trades will likely become more liquid and prices more readily available in the market, thus reducing the need to rely upon our internally developed assumptions. However, the level of a given instrument may change, in either direction, depending upon market conditions and the availability of market observable data. Nonfinancial Assets and Liabilities We utilize fair value to perform impairment tests as required on our property, plant and equipment, goodwill, equity investments in unconsolidated affiliates, and intangible assets. The inputs used to determine such fair value are primarily based upon internally developed cash flow models and would generally be classified within Level 3 in the event that we were required to measure and record such assets at fair value within our condensed consolidated financial statements. Additionally, we use fair value to determine the inception value of our asset retirement obligations. The inputs used to determine such fair value are primarily based upon costs incurred historically for similar work, as well as estimates from independent third parties for costs that would be incurred to restore leased property to the contractually stipulated condition, and would generally be classified within Level 3. During the three months ended March 31, 2020, it was determined that triggering events had occurred with respect to specific asset groups as a result of the impact of commodity prices on the respective recently prepared budget forecasts, coupled with a negative outlook for long-term production volume forecasts for these asset groups. As a result, we recognized a $587 million impairment loss associated with certain asset groups in the Permian and South regions of our Gathering and Processing segment and an impairment of $61 million of our equity investment in Discovery Producer Services LLC (“Discovery”). The $461 million impairment of certain gathering and processing assets in the Permian region was driven by the impact of the decrease of gas, NGL and condensate prices at March 31, 2020 on our forecasts for the assets. This assessment triggered an impairment analysis, and based on forecasted future undiscounted cash flows, management determined the carrying value of these asset groups were not fully recoverable. We used the income approach to calculate the fair value of the asset groups and compared it to the carrying value. The primary inputs were the forecasted future commodity pricing and the discount rate. The impairment amount recorded represented the difference between the fair and carrying values. The $126 million impairment of certain gathering and processing assets in the South region was driven by a negative outlook for long-term gathering and processing volumes at more price sensitive assets as a result of decreased production forecasts. This revised outlook triggered an impairment analysis, and based on forecasted future undiscounted cash flows, management determined that the carrying value of these asset groups were not fully recoverable. We used the income approach to calculate the fair value of the asset group and compared it to the carrying value. The primary inputs to our calculation were forecasted future commodity pricing and the discount rate. The impairment amount recorded represented the difference between the fair and carrying values. The $61 million impairment of Discovery was driven by market conditions that existed at March 31, 2020, which given the nature of the overall commodity price environment, the diminished probability of new well connects and projected volume decline, resulted in our determination that the decline in fair value was other than temporary. The estimate of fair value, which was based on an income approach, included assumptions such as future commodity prices from a combination of market pricing, investment bank research, ratings agencies, and industry outlooks, future cash flows based on our price and volume assumptions, terminal year multiple and discount rate. The impairment loss is included in earnings from unconsolidated affiliates in our condensed consolidated statement of operations. We may identify additional triggering events requiring future evaluations of the recoverability of the carrying value of our long-lived assets and investments that could result in future impairments. Such impairments could have a significant effect on our results of operations, which would be recognized in the period in which the carrying value is determined to be not fully recoverable. The following table presents the carrying value of certain assets and asset groups measured at fair value on a non-recurring basis, by condensed consolidated balance sheet caption as of and for the three months ended March 31, 2020. Fair Value Measurements Using Inputs Considered as Net Carrying Value Level 1 Level 2 Level 3 Asset Impairments (millions) Long-lived assets $ 96 $ — $ — $ 96 $ 587 Goodwill — — — — 159 Direct investment in unconsolidated affiliate 256 — — 256 61 Total impairments $ 352 $ — $ — $ 352 $ 807 The following table summarizes the significant unobservable inputs used in the valuation of certain assets and asset groups measured at fair value on a non-recurring basis as of March 31, 2020. March 31, 2020 Asset Groups Valuation Techniques Unobservable Inputs Range (low-high) (a) Average (b) Long-lived assets, investment in unconsolidated affiliate, goodwill Discounted cash flow Oil prices $34.52 - $67.61 $ 55.98 Per barrel Natural gas prices $2.28 - $4.12 $ 3.35 Per MMBtu NGL prices $0.30 - $0.62 $ 0.52 Per gallon Discount rate 14% 14% Terminal value multiple 8x 8x Goodwill Market comparable companies EBITDA multiple 5.2x - 16.5x 8x (a) Commodity prices represent an average per year (b) Represents the arithmetic average of the inputs and is not weighted by the relative fair value or volumetric amount. The following table presents the financial instruments carried at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, by condensed consolidated balance sheet caption and by valuation hierarchy, as described above: March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (millions) Current assets: Commodity derivatives $ 233 $ 11 $ 8 $ 252 $ 13 $ 15 $ 4 $ 32 Long-term assets: Commodity derivatives $ 47 $ 5 $ 1 $ 53 $ 1 $ 1 $ — $ 2 Current liabilities: Commodity derivatives $ (169) $ (20) $ (3) $ (192) $ (15) $ (42) $ (1) $ (58) Long-term liabilities: Commodity derivatives $ (34) $ (11) $ (1) $ (46) $ (2) $ (15) $ (3) $ (20) Changes in Levels 1 and 2 Fair Value Measurements The determination to classify a financial instrument within Level 1 or Level 2 is based upon the availability of quoted prices for identical or similar assets and liabilities in active markets. Depending upon the information readily observable in the market, and/or the use of identical or similar quoted prices, which are significant to the overall valuation, the classification of any individual financial instrument may differ from one measurement date to the next. Changes in Level 3 Fair Value Measurements The tables below illustrate a rollforward of the amounts included in our condensed consolidated balance sheets for derivative financial instruments that we have classified within Level 3. Since financial instruments classified as Level 3 typically include a combination of observable components (that is, components that are actively quoted and can be validated to external sources) and unobservable components, the gains and losses in the table below may include changes in fair value due in part to observable market factors, or changes to our assumptions on the unobservable components. Depending upon the information readily observable in the market, and/or the use of unobservable inputs, which are significant to the overall valuation, the classification of any individual financial instrument may differ from one measurement date to the next. The significant unobservable inputs used in determining fair value include adjustments by other market-based or independently sourced market data such as historical commodity volatilities, crude oil future yield curves, and/or counterparty specific considerations. In the event that there is a movement to/from the classification of an instrument as Level 3, we would reflect such items in the table below within the “Transfers into/out of Level 3” captions. We manage our overall risk at the portfolio level and in the execution of our strategy, we may use a combination of financial instruments, which may be classified within any level. Since Level 1 and Level 2 risk management instruments are not included in the rollforward below, the gains or losses in the table do not reflect the effect of our total risk management activities. Commodity Derivative Instruments Current Long-Term Current Long-Term (millions) Three months ended March 31, 2020 (a): Beginning balance $ 4 $ — $ (1) $ (3) Net unrealized gains included in earnings 8 1 5 2 Settlements (4) — (7) — Ending balance $ 8 $ 1 $ (3) $ (1) Three months ended March 31, 2019 (a): Beginning balance $ 14 $ 2 $ — $ (2) Net unrealized (losses) gains included in earnings (4) (1) (2) 1 Transfers out of Level 3 (2) — — — Settlements (3) — 1 — Ending balance $ 5 $ 1 $ (1) $ (1) (a) There were no purchases, issuances or sales of derivatives or transfers into Level 3 for the three months ended March 31, 2020 and 2019. Quantitative Inform ation and Fair Value Sensitivities Related to Level 3 Unobservable Inputs We utilize the market approach to measure the fair value of our commodity contracts. The significant unobservable inputs used in this approach to fair value are longer dated price quotes. Our sensitivity to these longer dated forward curve prices are presented in the table below. Significant changes in any of those inputs in isolation would result in significantly different fair value measurements, depending on our short or long position in contracts. March 31, 2020 Product Group Fair Value Valuation Techniques Unobservable Input Forward Weighted Average (a) (millions) Assets NGLs $ 9 Market approach Longer dated forward curve prices $0.11-$0.47 $0.33 Per gallon Liabilities NGLs $ (3) Market approach Longer dated forward curve prices $0.10-$0.53 $0.27 Per gallon Natural gas $ (1) Market approach Longer dated forward curve prices $1.63-$2.50 $1.99 Per MMBtu (a) Unobservable inputs were weighted by the instrument's notional amounts. Estimated Fair Value of Financial Instruments Valuation of a contract’s fair value is validated by an internal group independent of the marketing group. While common industry practices are used to develop valuation techniques, changes in pricing methodologies or the underlying assumptions could result in significantly different fair values and income recognition. When available, quoted market prices or prices obtained through external sources are used to determine a contract’s fair value. For contracts with a delivery location or duration for which quoted market prices are not available, fair value is determined based on pricing models developed primarily from historical and expected relationships with quoted market prices. The fair value of accounts receivable and accounts payable are not materially different from their carrying amounts because of the short-term nature of these instruments or the stated rates approximating market rates. Derivative instruments are carried at fair value. We determine the fair value of our fixed-rate senior notes and junior subordinated notes based on quotes obtained from bond dealers. The carrying value of borrowings under the Credit Agreement and the Securitization Facility approximate fair value as their interest rates are based on prevailing market interest rates. We classify the fair values of our outstanding debt balances within Level 2 of the valuation hierarchy. As of March 31, 2020 and December 31, 2019, the carrying value and fair value of our total debt, including current maturities, were as follows: March 31, 2020 December 31, 2019 Carrying Value (a) Fair Value Carrying Value (a) Fair Value (millions) Total debt $ 5,936 $ 4,252 $ 5,936 $ 6,130

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	12. Leases We have operating leases for transportation agreements, office space, vehicles, and field equipment. We have finance leases for field equipment and vehicles. Our leases have remaining lease terms ranging from less than one year to 21 years, some of which may include options to extend leases up to 20 years, and some of which may include options to terminate the leases in less than one year. Extension options on certain compressors and field equipment were included in the lease terms used to calculate our operating lease assets and liabilities as it is reasonably certain that we exercise those options. Operating and finance leases are included on our condensed consolidated balance sheet as follows: Location in Condensed Consolidated Balance Sheet As of March 31, 2020 December 31, 2019 (millions) Assets Operating lease assets Operating lease assets $ 98 $ 107 Finance lease assets Property, plant and equipment 21 25 Total right of use assets 119 132 Liabilities Current liabilities Operating lease liabilities Other current liabilities $ 23 $ 24 Finance lease liabilities Current debt 3 3 Noncurrent liabilities Operating lease liabilities Operating lease liabilities $ 83 $ 88 Finance lease liabilities Long-term debt 21 22 Total lease liabilities $ 130 $ 137 Variable lease costs primarily consist of common area maintenance on our office spaces and variable transportation costs. Finance lease cost was immaterial for the three months ended March 31, 2020 and 2019, respectively. The components of lease expense are as follows: Location in Condensed Consolidated Statement of Operations Three Months Ended March 31, 2020 2019 (millions) Operating lease cost Operating and maintenance expense $ 8 $ 6 Variable lease cost Operating and maintenance expense 2 2 Short term lease cost Operating and maintenance expense 1 1 Total lease cost $ 11 $ 9 Maturities of operating and finance lease liabilities under non-cancelable leases as of March 31, 2020 are as follows: Future Minimum Lease Payments as of March 31, 2020 Operating Leases Finance Leases (millions) 2020 - remainder $ 20 $ 4 2021 25 4 2022 22 4 2023 17 4 2024 9 3 Thereafter 29 8 Total lease payments $ 122 $ 27 Less imputed interest (16) (3) Total lease liabilities $ 106 $ 24 Supplemental cash flow information related to leases is as follows: Three Months Ended March 31, 2020 2019 (millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7 $ 6 Operating cash flows from finance leases 1 — Right-of-use assets obtained in exchange for operating lease obligations: $ — $ 6 Other information related to operating leases as follows: Weighted average remaining lease term 6 years 6 years Weighted average discount rate 4.00 % 4.00 % Other information related to finance leases as follows: Weighted average remaining lease term 6 years — Weighted average discount rate 3.00 % — %

Debt (Notes)

Debt (Notes)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt March 31, 2020 December 31, 2019 (millions) Senior notes: Issued March 2010, interest at 5.350% payable semi-annually, due March 2020 (a) $ — $ 600 Issued September 2011, interest at 4.750% payable semi-annually, due September 2021 500 500 Issued March 2012, interest at 4.950% payable semi-annually, due April 2022 350 350 Issued March 2013, interest at 3.875% payable semi-annually, due March 2023 500 500 Issued July 2018 and January 2019, interest at 5.375% payable semi-annually, due July 2025 825 825 Issued May 2019, interest at 5.125% payable semi-annually, due May 2029 600 600 Issued August 2000, interest at 8.125% payable semi-annually, due August 2030 (a) 300 300 Issued October 2006, interest at 6.450% payable semi-annually, due November 2036 300 300 Issued September 2007, interest at 6.750% payable semi-annually, due September 2037 450 450 Issued March 2014, interest at 5.600% payable semi-annually, due April 2044 400 400 Junior subordinated notes: Issued May 2013, interest at 5.850% payable semi-annually, due May 2043 550 550 Credit agreement: Revolving credit facility, weighted-average variable interest rate of 2.157%, as of March 31, 2020, due December 2024 800 200 Accounts receivable securitization facility: Accounts receivable securitization facility, weighted-average variable interest rate of 1.88% as of March 31, 2020, due August 2022 350 350 Fair value adjustments related to interest rate swap fair value hedges (a) 19 19 Unamortized issuance costs (36) (37) Unamortized discount, net (8) (8) Finance lease liabilities 24 25 Total debt 5,924 5,924 Current finance lease liabilities 3 3 Current debt — 600 Total long-term debt $ 5,921 $ 5,321 (a) The swaps associated with this debt were previously terminated. The remaining long-term fair value related to the swaps is being amortized as a reduction to interest expense through 2030, the original maturity dates of the debt. Senior Notes and Junior Subordinated Notes Our senior notes and junior subordinated notes, collectively referred to as our debt securities, mature and become payable on their respective due dates, and are not subject to any sinking fund or mandatory redemption provisions. The senior notes are senior unsecured obligations that are guaranteed by the Partnership and rank equally in a right of payment with our other senior unsecured indebtedness, including indebtedness under our Credit Agreement, and the junior subordinated notes are unsecured and rank subordinate in right of payment to all of our existing and future senior indebtedness. The debt securities include an optional redemption whereby we may elect to redeem the notes, in whole or in part from time-to-time for a premium. Additionally, we may defer the payment of all or part of the interest on the junior subordinated notes for one or more periods up to 5 consecutive years. The underwriters’ fees and related expenses are recorded in our condensed consolidated balance sheets within the carrying amount of long-term debt and will be amortized over the term of the notes. Credit Agreement We are a party to a $1.4 billion unsecured revolving Credit Agreement, which matures on December 9, 2024. The Credit Agreement also grants us the option to increase the revolving loan commitment by an aggregate principal amount of up to $500 million, subject to requisite lender approval. The Credit Agreement may be extended for up to two additional one-year periods subject to requisite lender approval. Loans under the Credit Agreement may be used for working capital and other general partnership purposes including acquisitions. The Credit Agreement allows for unrestricted cash and cash equivalents to be netted against consolidated indebtedness for purposes of calculating the Partnership’s Consolidated Leverage Ratio (as defined in the Credit Agreement). Additionally, under the Credit Agreement, the Consolidated Leverage Ratio of the Partnership as of the end of any fiscal quarter shall not exceed 5.00 to 1.0 provided that, if there is a Qualified Acquisition (as defined in the Credit Agreement), the maximum Consolidated Leverage Ratio shall not exceed 5.50 to 1.0 at the end of the three consecutive fiscal quarters, including the fiscal quarter in which the Qualified Acquisition occurs. Our cost of borrowing under the Credit Agreement is determined by a ratings-based pricing grid. Indebtedness under the Credit Agreement bears interest at either: (1) LIBOR, plus an applicable margin of 1.35% based on our current credit rating; or (2) (a) the base rate which shall be the higher of the prime rate, the Federal Funds rate plus 0.50% or the LIBOR Market Index rate plus 1.00%, plus (b) an applicable margin of 0.35% based on our current credit rating. The Credit Agreement incurs an annual facility fee of 0.275% based on our current credit rating. This fee is paid on drawn and undrawn portions of the $1.4 billion revolving credit facility. As of March 31, 2020, we had unused borrowing capacity of $586 million, net of $14 million of letters of credit, under the Credit Agreement. Our borrowing capacity may be limited by financial covenants set forth in the Credit Agreement. The financial covenants set forth in the Credit Agreement limit the Partnership's ability to incur incremental debt by the unused borrowing capacity of $586 million as of March 31, 2020. Except in the case of a default, amounts borrowed under our Credit Agreement will not become due prior to the December 9, 2024 maturity date. Accounts Receivable Securitization Facility The Securitization Facility provides up to $350 million of borrowing capacity through August 2022 at LIBOR market index rates plus a margin. Under this Securitization Facility, certain of the Partnership’s wholly owned subsidiaries sell or contribute receivables to another of the Partnership’s consolidated subsidiaries, DCP Receivables LLC (“DCP Receivables”), a bankruptcy-remote special purpose entity created for the sole purpose of the Securitization Facility. DCP Receivables’ sole activity consists of purchasing receivables from the Partnership’s wholly owned subsidiaries that participate in the Securitization Facility and providing these receivables as collateral for DCP Receivables’ borrowings under the Securitization Facility. DCP Receivables is a separate legal entity and the accounts receivable of DCP Receivables, up to the amount of the outstanding debt under the Securitization Facility, are not available to satisfy the claims of creditors of the Partnership, its subsidiaries selling receivables under the Securitization Facility, or their affiliates. Any excess receivables are eligible to satisfy the claims of creditors of the Partnership, its subsidiaries selling receivables under the Securitization Facility, or their affiliates. The amount available for borrowing may be limited by the availability of eligible receivables and other customary factors and conditions, as well as the covenants set forth in the Securitization Facility. As of March 31, 2020, DCP Receivables had $590 million of our accounts receivable securing borrowings of $350 million under the Securitization Facility. The maturities of our debt as of March 31, 2020 are as follows: Debt (millions) 2021 500 2022 700 2023 500 2024 800 Thereafter 3,425 Total debt $ 5,925

Risk Management and Hedging Act

Risk Management and Hedging Activities (Notes)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management and Hedging Activities	Risk Management and Hedging Activities Our operations expose us to a variety of risks including but not limited to changes in the prices of commodities that we buy or sell, changes in interest rates, and the creditworthiness of each of our counterparties. We manage certain of these exposures with either physical or financial transactions. We have established a comprehensive risk management policy and a risk management committee (the “Risk Management Committee”), to monitor and manage market risks associated with commodity prices and counterparty credit. The Risk Management Committee is composed of senior executives who receive regular briefings on positions and exposures, credit exposures and overall risk management in the context of market activities. The Risk Management Committee is responsible for the overall management of credit risk and commodity price risk, including monitoring exposure limits. Collateral As of March 31, 2020, we had cash deposits of $35 million, included in collateral cash deposits in our condensed consolidated balance sheets. Additionally, as of March 31, 2020, we held letters of credit of $44 million from counterparties to secure their future performance under financial or physical contracts. Collateral amounts held or posted may be fixed or may vary, depending on the value of the underlying contracts, and could cover normal purchases and sales, services, trading and hedging contracts. In many cases, we and our counterparties have publicly disclosed credit ratings, which may impact the amounts of collateral requirements. Physical forward contracts and financial derivatives are generally cash settled at the expiration of the contract term. These transactions are generally subject to specific credit provisions within the contracts that would allow the seller, at its discretion, to suspend deliveries, cancel agreements or continue deliveries to the buyer after the buyer provides security for payment satisfactory to the seller. Offsetting Certain of our derivative instruments are subject to a master netting or similar arrangement, whereby we may elect to settle multiple positions with an individual counterparty through a single net payment. Each of our individual derivative instruments are presented on a gross basis on the condensed consolidated balance sheets, regardless of our ability to net settle our positions. Instruments that are governed by agreements that include net settle provisions allow final settlement, when presented with a termination event, of outstanding amounts by extinguishing the mutual debts owed between the parties in exchange for a net amount due. We have trade receivables and payables associated with derivative instruments, subject to master netting or similar agreements, which are not included in the table below. The following summarizes the gross and net amounts of our derivative instruments: March 31, 2020 December 31, 2019 Gross Amounts Amounts Not Net Gross Amounts Amounts Not Net (millions) Assets: Commodity derivatives $ 305 $ — $ 305 $ 34 $ — $ 34 Liabilities: Commodity derivatives $ (238) $ — $ (238) $ (78) $ — $ (78) Summarized Derivative Information The fair value of our derivative instruments that are marked-to-market each period, as well as the location of each within our condensed consolidated balance sheets, by major category, is summarized below. We have no derivative instruments that are designated as hedging instruments for accounting purposes as of March 31, 2020 and December 31, 2019. Balance Sheet Line Item March 31, December 31, Balance Sheet Line Item March 31, December 31, (millions) (millions) Derivative Assets Not Designated as Hedging Instruments: Derivative Liabilities Not Designated as Hedging Instruments: Commodity derivatives: Commodity derivatives: Unrealized gains on derivative instruments — current $ 252 $ 32 Unrealized losses on derivative instruments — current $ (192) $ (58) Unrealized gains on derivative instruments — long-term 53 2 Unrealized losses on derivative instruments — long-term (46) (20) Total $ 305 $ 34 Total $ (238) $ (78) The following summarizes the balance and activity within AOCI relative to our interest rate, commodity and foreign currency cash flow hedges as of and for the three months ended March 31, 2020: Interest Commodity Foreign Total (millions) Net deferred (losses) gains in AOCI (beginning balance) $ (2) $ (6) $ 1 $ (7) Net deferred (losses) gains in AOCI (ending balance) $ (2) $ (6) $ 1 $ (7) Deferred losses in AOCI expected to be reclassified into earnings over the next 12 months $ (1) $ — $ — $ (1) (a) Relates to Discovery, an unconsolidated affiliate. The following summarizes the balance and activity within AOCI relative to our interest rate, commodity and foreign currency cash flow hedges as of and for the three months ended March 31, 2019: Interest Commodity Foreign Total (millions) Net deferred (losses) gains in AOCI (beginning balance) $ (3) $ (6) $ 1 $ (8) Net deferred (losses) gains in AOCI (ending balance) $ (3) $ (6) $ 1 $ (8) (a) Relates to Discovery, an unconsolidated affiliate. For the three months ended March 31, 2020 and 2019, no derivative losses attributable to the ineffective portion or to amounts excluded from effectiveness testing were recognized in trading and marketing gains or losses, net or interest expense in our condensed consolidated statements of operations. For the three months ended March 31, 2020 and 2019, no derivative losses were reclassified from AOCI to trading and marketing gains or losses, net or interest expense as a result of the discontinuance of cash flow hedges related to certain forecasted transactions that are not probable of occurring. Changes in the value of derivative instruments, for which the hedge method of accounting has not been elected from one period to the next, are recorded in the condensed consolidated statements of operations. The following summarizes these amounts and the location within the condensed consolidated statements of operations that such amounts are reflected: Commodity Derivatives: Statements of Operations Line Item Three Months Ended March 31, 2020 2019 (millions) Realized gains $ 18 $ 27 Unrealized gains (losses) 134 (54) Trading and marketing gains (losses), net $ 152 $ (27) We do not have any derivative financial instruments that qualify as a hedge of a net investment. The following tables represent, by commodity type, our net long or short positions that are expected to partially or entirely settle in each respective year. To the extent that we have long dated derivative positions that span multiple calendar years, the contract will appear in more than one line item in the tables below. March 31, 2020 Crude Oil Natural Gas Natural Gas Natural Gas Year of Expiration Net Short Net Short Position Net Short Net Long 2020 (1,410,000) (27,659,800) (25,009,803) 8,190,000 2021 (1,467,000) (45,540,000) (7,294,133) 4,325,000 2022 (107,000) (13,687,500) (104,842) 8,212,500 2023 — — — 7,300,000 2024 — — — 2,140,000 March 31, 2019 Crude Oil Natural Gas Natural Gas Natural Gas Year of Expiration Net Short Net Short Position Net Short Net Long (Short) 2019 (1,191,000) (32,148,650) (26,987,090) 2,102,500 2020 (283,000) (930,000) (14,388,830) 3,660,000 2021 (100,000) — (5,516,168) (3,650,000) 2022 — — (175) —

Partnership Equity and Distribu

Partnership Equity and Distributions (Notes)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Partnership Equity and Distributions	Partnership Equity and Distributions Common Units — During the three months ended March 31, 2020 and 2019, we issued no common units, pursuant to our at-the-market program. As of March 31, 2020, $750 million of common units remained available for sale pursuant to our at-the-market program. Distributions — During the first quarter of 2020, the board of directors of our general partner approved a plan to reduce quarterly distributions to our common unitholders by 50% to $0.39 per unit, beginning with the first quarter 2020 distribution, payable in May 2020. The following table presents our cash distributions paid in 2020 and 2019: Payment Date Per Unit Total Cash (millions) Distributions to common unitholders February 14, 2020 $ 0.78 $ 162 November 14, 2019 $ 0.78 $ 155 August 14, 2019 $ 0.78 $ 154 May 15, 2019 $ 0.78 $ 155 February 14, 2019 $ 0.78 $ 154 Distributions to Series A Preferred unitholders December 16, 2019 $ 36.875 $ 19 June 17, 2019 $ 36.875 $ 18 Distributions to Series B Preferred unitholders March 16, 2020 $ 0.4922 $ 3 December 16, 2019 $ 0.4922 $ 4 September 16, 2019 $ 0.4922 $ 3 June 17, 2019 $ 0.4922 $ 3 March 15, 2019 $ 0.4922 $ 3 Distributions to Series C Preferred unitholders January 15, 2020 $ 0.4969 $ 2 October 15, 2019 $ 0.4969 $ 2 July 15, 2019 $ 0.4969 $ 3 April 15, 2019 $ 0.4969 $ 2 January 15, 2019 $ 0.5576 $ 2

Net Income or Loss per Limited

Net Income or Loss per Limited Partner Unit (Notes)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income or Loss per Limited Partner Unit	16. Net Income or Loss per Limited Partner Unit Prior to the equity restructuring transaction, we used the two-class method when calculating the net income unit applicable to limited partners, because we had more than one participating security consisting of limited partner common units, general partner units and IDRs. Subsequent to the equity restructuring transaction that occurred on November 6, 2019, our general partner and its IDRs no longer participate in earnings or distributions. There were 350,820 restricted phantom units outstanding as of March 31, 2020 that were excluded from the calculation of diluted net loss per unit for the periods presented because including them would have been anti-dilutive. We have the ability to elect to settle restricted phantom units at our discretion in either cash or common units. For units granted during 2020, we have the ability and intent to settle vested units through the issuance of common units.

Commitments and Contingent Liab

Commitments and Contingent Liabilities (Notes)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Litigation — We are not a party to any significant legal proceedings, but are a party to various administrative and regulatory proceedings and commercial disputes that have arisen in the ordinary course of our business. Management currently believes that the ultimate resolution of the foregoing matters, taken as a whole, and after consideration of amounts accrued, insurance coverage or other indemnification arrangements, will not have a material adverse effect on our results of operations, financial position, or cash flow. Insurance — Our insurance coverage is carried with third-party insurers and with an affiliate of Phillips 66. Our insurance coverage includes: (i) general liability insurance covering third-party exposures; (ii) statutory workers’ compensation insurance; (iii) automobile liability insurance for all owned, non-owned and hired vehicles; (iv) excess liability insurance above the established primary limits for general liability and automobile liability insurance; (v) property insurance, which covers the replacement value of real and personal property and includes business interruption; and (vi) insurance covering our directors and officers for acts related to our business activities. All coverage is subject to certain limits and deductibles, the terms and conditions of which are common for companies with similar types of operations. Environmental — The operation of pipelines, plants and other facilities for gathering, transporting, processing, treating, fractionating, or storing natural gas, NGLs and other products is subject to stringent and complex laws and regulations pertaining to health, safety and the environment. As an owner or operator of these facilities, we must comply with laws and regulations at the federal, state and, in some cases, local levels that relate to worker safety, pipeline safety, air and water quality, solid and hazardous waste management and disposal, and other environmental matters. The cost of planning, designing, constructing and operating pipelines, plants, and other facilities incorporates compliance with environmental laws and regulations, worker safety standards, and safety standards applicable to our various facilities. In addition, there is increasing focus from (i) regulatory bodies and communities, and through litigation, on hydraulic fracturing and the real or perceived environmental or public health impacts of this technique, which indirectly presents some risk to our available supply of natural gas and the resulting supply of NGLs, (ii) regulatory bodies regarding pipeline system safety which could impose additional regulatory burdens and increase the cost of our operations, (iii) state and federal regulatory officials regarding the emission of greenhouse gases and other air emissions, which could impose regulatory burdens and increase the cost of our operations, and (iv) regulatory bodies and communities that could prevent or delay the development of fossil fuel energy infrastructure such as pipelines, plants, and other facilities used in our business. Failure to comply with these various health, safety and environmental laws and regulations may trigger a variety of administrative, civil and potentially criminal enforcement measures, including citizen suits, which can include the assessment of monetary penalties, the imposition of remedial requirements, and the issuance of injunctions or restrictions on operation. Management believes that, based on currently known information, compliance with these existing laws and regulations will not have a material adverse effect on our results of operations, financial position or cash flows. The following pending proceedings involve governmental authorities under federal, state, and local laws regulating the discharge of materials into the environment. It is not possible for us to predict the final outcome of these pending proceedings; however, we do not expect the outcome of one or more of these proceedings to have a material adverse effect to our results of operations, financial position, or cash flows: • In 2018, the New Mexico Environment Department (“NMED”) issued two separate Notices of Violation (“NOV”) relating to upset and malfunction event emissions at two of our gas processing plants. Following information exchanges and discussions with NMED regarding the events and the propriety of the alleged violations, in February 2019 we entered into preliminary settlement agreements to resolve the alleged violations under each NOV for administrative penalties approximating $150,000 and $142,000, respectively. We intend to mitigate a portion of each administrative penalty through the implementation of environmentally beneficial projects. • In 2018, the Colorado Department of Public Health and Environment (“CDPHE”) issued a Compliance Advisory in relation to an improperly permitted facility flare and related air emissions from flare operations at one of our gas processing plants that we self-disclosed to CDPHE in December 2017. Following information exchanges and discussions with CDPHE, a resolution was proposed pursuant to which the plant's air permit would be revised to include the flare and emissions limits for such flare in addition to us paying an administrative penalty as well as an economic benefit payment generally covering the period when the flare was required to be included in the facility air permit, in a combined amount expected to be between approximately $375,000 and $460,000. We are still evaluating and holding discussions with CDPHE as to the foregoing amounts and proposed settlement terms. • In January 2019, CDPHE issued a Compliance Advisory in relation to an improperly configured facility flare meter, which failed to accurately track air emissions from the flare at one of our gas processing plants resulting in the flare exceeding its permitted emissions limits. Following information exchanges and discussions with CDPHE, a resolution was agreed upon in December 2019 that included DCP completing a project to reduce levels of vapors directed to the flare, amending the air permit, and paying an administrative penalty of approximately $37,000, and making expenditures on an environmentally beneficial project of approximately $149,000. DCP made the required payment and expenditures in the first quarter of 2020 and this proceeding is now complete.

Restructuring (Notes)

Restructuring (Notes)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring CostsIn May 2019, we announced a voluntary separation program which resulted in of nonrecurring expense for the year ended December 31, 2019. We do not expect to incur any additional expense in relation to the voluntary separation program.

Business Segments (Notes)

Business Segments (Notes)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segments	Business Segments Our operations are organized into two reportable segments: (i) Logistics and Marketing and (ii) Gathering and Processing. These segments are monitored separately by management for performance against our internal forecast and are consistent with internal financial reporting. These segments have been identified based on the differing products and services, regulatory environment and the expertise required for these operations. Our Gathering and Processing reportable segment includes operating segments that have been aggregated based on the nature of the products and services provided. Gross margin is a performance measure utilized by management to monitor the operations of each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies included in Note 2 of the Notes to Consolidated Financial Statements in “Financial Statements and Supplementary Data” included as Item 8 in our Annual Report on Form 10-K for the year ended December 31, 2019. Our Logistics and Marketing segment includes transporting, trading, marketing, storing natural gas and NGLs, and fractionating NGLs. Our Gathering and Processing segment consists of gathering, compressing, treating, processing natural gas, producing and fractionating NGLs, and recovering condensate. The remainder of our business operations is presented as “Other,” and consists of unallocated corporate costs. Elimination of inter-segment transactions are reflected in the Eliminations column. The following tables set forth our segment information: Three Months Ended March 31, 2020: Logistics and Marketing Gathering and Processing Other Eliminations Total (millions) Total operating revenue $ 1,358 $ 913 $ — $ (614) $ 1,657 Gross margin (a) $ 111 $ 400 $ — $ — $ 511 Operating and maintenance expense (7) (142) (4) — (153) Depreciation and amortization expense (3) (89) (7) — (99) General and administrative expense (2) (3) (51) — (56) Asset impairments — (746) — — (746) Other expense, net — (3) — — (3) Earnings from unconsolidated affiliates 137 (61) — — 76 Interest expense — — (78) — (78) Income tax expense — — (1) — (1) Net income (loss) $ 236 $ (644) $ (141) $ — $ (549) Net income attributable to noncontrolling interests — (1) — — (1) Net income (loss) attributable to partners $ 236 $ (645) $ (141) $ — $ (550) Non-cash derivative mark-to-market (b) $ 42 $ 92 $ — $ — $ 134 Non-cash lower of cost or net realizable value adjustments $ 4 $ — $ — $ — $ 4 Capital expenditures $ 1 $ 67 $ 1 $ — $ 69 Investments in unconsolidated affiliates, net $ 34 $ — $ — $ — $ 34 Three Months Ended March 31, 2019: Logistics and Marketing Gathering and Processing Other Eliminations Total (millions) Total operating revenue $ 2,045 $ 1,288 $ — $ (1,134) $ 2,199 Gross margin (a) $ 58 $ 337 $ — $ — $ 395 Operating and maintenance expense (9) (165) (4) — (178) Depreciation and amortization expense (3) (93) (7) — (103) General and administrative expense (3) (6) (58) — (67) Other expense, net — (5) — — (5) Loss on sale of assets, net (9) — — — (9) Earnings from unconsolidated affiliates 113 — — — 113 Interest expense — — (69) — (69) Income tax expense — — (1) — (1) Net income (loss) $ 147 $ 68 $ (139) $ — $ 76 Net income attributable to noncontrolling interests — (1) — — (1) Net income (loss) attributable to partners $ 147 $ 67 $ (139) $ — $ 75 Non-cash derivative mark-to-market (b) $ (18) $ (36) $ — $ — $ (54) Non-cash lower of cost or net realizable value adjustments $ 5 $ — $ — $ — $ 5 Capital expenditures $ 14 $ 165 $ 3 $ — $ 182 Investments in unconsolidated affiliates, net $ 131 $ — $ — $ — $ 131 March 31, December 31, 2020 2019 (millions) Segment long-term assets: Gathering and Processing $ 8,101 $ 8,904 Logistics and Marketing 3,861 3,848 Other (c) 268 295 Total long-term assets 12,230 13,047 Current assets 958 1,080 Total assets $ 13,188 $ 14,127 (a) Gross margin consists of total operating revenues, including commodity derivative activity, less purchases and related costs. Gross margin is viewed as a non-GAAP financial measure under the rules of the SEC, but is included as a supplemental disclosure because it is a primary performance measure used by management as it represents the results of product sales versus product purchases. As an indicator of our operating performance, gross margin should not be considered an alternative to, or more meaningful than, net income or net cash provided by operating activities as determined in accordance with GAAP. Our gross margin may not be comparable to a similarly titled measure of another company because other entities may not calculate gross margin in the same manner. (b) Non-cash commodity derivative mark-to-market is included in gross margin, along with cash settlements for our commodity derivative contracts. (c) Other long-term assets not allocable to segments consist of corporate leasehold improvements and other long-term assets.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information (Notes)	3 Months Ended
	Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended March 31, 2020 2019 (millions) Cash paid for interest: Cash paid for interest, net of amounts capitalized $ 88 $ 65 Non-cash investing and financing activities: Property, plant and equipment acquired with accounts payable and accrued liabilities $ 16 $ 40 Other non-cash activities: Operating lease assets arising from the implementation of Topic 842 $ — $ 84 Right-of-use assets obtained in exchange for operating and finance lease liabilities $ — $ 6

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 21, 2020, we announced that the board of directors of the General Partner declared a quarterly distribution on our common units of $0.39 per common unit. The distribution will be paid on May 15, 2020 to unitholders of record on May 1, 2020. On the same date, we announced that the board of directors of the General Partner declared a semi-annual distribution on our Series A Preferred Units of $36.875 per unit. The distribution will be paid on June 15, 2020 to unitholders of record on June 1, 2020. On the same date, the board of directors of the General Partner declared a quarterly distribution on our Series B and Series C Preferred Units of $0.4922 and $0.4969 per unit, respectively. The Series B distributions will be paid on June 15, 2020 to unitholders of record on June 1, 2020. The Series C distribution will be paid on July 15, 2020 to unitholders of record on July 1, 2020.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	The condensed consolidated financial statements have been prepared in accordance with GAAP. Conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and notes. Although these estimates are based on management's best available knowledge of current and expected future events, actual results could differ from these estimates, which may be significantly impacted by various factors, including those outside of our control, such as the impact of a sustained deterioration in commodity prices and volumes, which would negatively impact our results of operations, financial condition and cash flows.
Business Description and Basis of Presentation [Text Block]	The condensed consolidated financial statements have been prepared in accordance with GAAP. Conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and notes. Although these estimates are based on management's best available knowledge of current and expected future events, actual results could differ from these estimates, which may be significantly impacted by various factors, including those outside of our control, such as the impact of a sustained deterioration in commodity prices and volumes, which would negatively impact our results of operations, financial condition and cash flows. All intercompany balances and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q have been prepared pursuant to the rules and regulations of the SEC. Accordingly, these condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary to present fairly the financial position and results of operations for the respective interim periods. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with GAAP have been condensed or omitted from these interim financial statements pursuant to such rules and regulations, although we believe that the disclosures made are adequate to make the information presented not misleading. Results of operations for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These unaudited condensed consolidated financial statements and other information included in this Quarterly Report on Form 10-Q should be read in conjunction with the 2019 audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	The condensed consolidated financial statements have been prepared in accordance with GAAP. Conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and notes. Although these estimates are based on management's best available knowledge of current and expected future events, actual results could differ from these estimates, which may be significantly impacted by various factors, including those outside of our control, such as the impact of a sustained deterioration in commodity prices and volumes, which would negatively impact our results of operations, financial condition and cash flows.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	Cash, Cash Equivalents, and Restricted Cash - We consider investments in highly liquid financial instruments purchased with an original stated maturity of 90 days or less and temporary investments of cash in short-term money market securities to be cash equivalents. Restricted cash primarily consists of amounts held in our non-qualified deferred compensation plan. Restricted cash is excluded from cash and cash equivalents and is included in other current or non-current assets.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	We disaggregate our revenue from contracts with customers by type of contract for each of our reportable segments, as we believe it best depicts the nature, timing and uncertainty of our revenue and cash flows. The following tables set forth our revenue by those categories: Three Months Ended March 31, 2020 Logistics and Marketing Gathering and Processing Eliminations Total (millions) Sales of natural gas $ 411 $ 326 $ (290) $ 447 Sales of NGLs and condensate (a) 883 387 (324) 946 Transportation, processing and other 13 99 — 112 Trading and marketing gains, net (b) 51 101 — 152 Total operating revenues $ 1,358 $ 913 $ (614) $ 1,657 Three Months Ended March 31, 2019 Logistics and Marketing Gathering and Processing Eliminations Total (millions) Sales of natural gas $ 637 $ 557 $ (498) $ 696 Sales of NGLs and condensate (a) 1,403 648 (636) 1,415 Transportation, processing and other 12 103 — 115 Trading and marketing losses, net (b) (7) (20) — (27) Total operating revenues $ 2,045 $ 1,288 $ (1,134) $ 2,199 (a) Includes $591 million and $858 million for the three months ended March 31, 2020 and 2019, respectively, of revenues from physical sales contracts and buy-sell exchange transactions in our Logistics and Marketing segment, which are not within the scope of Topic 606. (b) Not within the scope of Topic 606.

Contract Liabilities (Tables)

Contract Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Contract Assets and Liabilities [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	March 31, 2020 (millions) Balance, beginning of period $ 33 Additions 2 Revenue recognized (a) (1) Balance, end of period $ 34 (a) Deferred revenue recognized is included in transportation, processing and other on the condensed consolidated statement of operations.

Agreements and Transactions w_2

Agreements and Transactions with Affiliates (Tables)	3 Months Ended
	Mar. 31, 2020
Related Party Transaction [Line Items]
Schedule of Fees Incurred and Other Fees Paid	The following table summarizes employee related costs that were charged by DCP Midstream, LLC to the Partnership that are included in the condensed consolidated statements of operations: Three Months Ended March 31, 2020 2019 (millions) Employee related costs charged by DCP Midstream, LLC Operating and maintenance expense $ 44 $ 49 General and administrative expense $ 35 $ 47
Summary of Transactions with Affiliates	The following table summarizes our transactions with affiliates: Three Months Ended March 31, 2020 2019 (millions) Phillips 66 (including its affiliates): Sales of natural gas, NGLs and condensate to affiliates $ 212 $ 326 Purchases and related costs from affiliates $ 27 $ 31 Transportation and related costs from affiliates $ 23 $ 14 Operating and maintenance and general administrative expenses $ 4 $ 4 Enbridge (including its affiliates): Sales of natural gas, NGLs and condensate to affiliates $ 1 $ — Purchases and related costs from affiliates $ — $ 7 Unconsolidated affiliates: Sales of natural gas, NGLs and condensate to affiliates $ 9 $ 14 Transportation, processing, and other to affiliates $ 3 $ 1 Purchases and related costs from affiliates $ 9 $ 24 Transportation and related costs from affiliates $ 215 $ 195 We had balances with affiliates as follows: March 31, 2020 December 31, 2019 (millions) Phillips 66 (including its affiliates): Accounts receivable $ 81 $ 117 Accounts payable $ 27 $ 20 Enbridge (including its affiliates): Accounts payable $ — $ 2 Unconsolidated affiliates: Accounts receivable $ 17 $ 21 Accounts payable $ 70 $ 78

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories were as follows: March 31, 2020 December 31, 2019 (millions) Natural gas $ 17 $ 19 NGLs 9 27 Total inventories $ 26 $ 46

Property, Plant and Equipment_2

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Classification of Property, Plant and Equipment	A summary of property, plant and equipment by classification is as follows: Depreciable March 31, 2020 December 31, 2019 (millions) Gathering and transmission systems 20 — 50 Years $ 7,677 $ 8,406 Processing, storage and terminal facilities 35 — 60 Years 4,873 5,305 Other 3 — 30 Years 577 585 Finance lease assets 4 — 7 Years 21 25 Construction work in progress 194 183 Property, plant and equipment 13,342 14,504 Accumulated depreciation (5,162) (5,693) Property, plant and equipment, net $ 8,180 $ 8,811

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	As of March 31, 2020 As of March 31, 2019 Gathering and Processing Logistics and Marketing Total Gathering and Processing Logistics and Marketing Total (millions) Balance, beginning of period $ 159 $ — $ 159 $ 159 $ 72 $ 231 Impairment (159) — (159) — — — Dispositions — — — — (37) (37) Balance, end of period $ — $ — $ — $ 159 $ 35 $ 194
Schedule of Finite-Lived Intangible Assets	March 31, December 31, 2020 2019 (millions) Gross carrying amount $ 145 $ 145 Accumulated amortization (86) (84) Accumulated impairment (11) — Intangible assets, net $ 48 $ 61

Investments in Unconsolidated_2

Investments in Unconsolidated Affiliates (Tables)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Affiliates	The following table summarizes our investments in unconsolidated affiliates: Carrying Value as of Percentage March 31, December 31, 2019 (millions) DCP Sand Hills Pipeline, LLC 66.67% $ 1,768 $ 1,764 DCP Southern Hills Pipeline, LLC 66.67% 742 738 Front Range Pipeline LLC 33.33% 209 206 Gulf Coast Express LLC 25.00% 445 449 Texas Express Pipeline LLC 10.00% 100 101 Cheyenne Connector 50.00% 100 83 Mont Belvieu Enterprise Fractionator 12.50% 27 27 Mont Belvieu 1 Fractionator 20.00% 8 9 Discovery Producer Services LLC 40.00% 256 322 Panola Pipeline Company, LLC 15.00% 22 22 Other Various 4 3 Total investments in unconsolidated affiliates $ 3,681 $ 3,724
Schedule Of Earnings From Investment In Unconsolidated Affiliates [Table Text Block]	: Three Months Ended March 31, 2020 2019 (millions) DCP Sand Hills Pipeline, LLC $ 78 $ 68 DCP Southern Hills Pipeline, LLC 20 23 Front Range Pipeline LLC 11 7 Gulf Coast Express LLC 16 — Texas Express Pipeline LLC 4 5 Mont Belvieu Enterprise Fractionator 3 4 Mont Belvieu 1 Fractionator 3 4 Discovery Producer Services LLC (a) (61) — Other 2 2 Total earnings from unconsolidated affiliates $ 76 $ 113
Equity Method Investment Summarized Financial Information, Statement of Operations [Table Text Block]	The following tables summarize the combined financial information of our investments in unconsolidated affiliates: Three Months Ended March 31, 2020 2019 (millions) Statements of operations: Operating revenue $ 527 $ 421 Operating expenses $ 185 $ 191 Net income $ 341 $ 231
Equity Method Investment Summarized Financial Information Balance Sheet Table [Table Text Block]	March 31, December 31, (millions) Balance sheets: Current assets $ 368 $ 463 Long-term assets 7,598 7,546 Current liabilities (169) (231) Long-term liabilities (257) (252) Net assets $ 7,540 $ 7,526

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Details of Impairment of Long-Lived Assets Held and Used by Asset	Fair Value Measurements Using Inputs Considered as Net Carrying Value Level 1 Level 2 Level 3 Asset Impairments (millions) Long-lived assets $ 96 $ — $ — $ 96 $ 587 Goodwill — — — — 159 Direct investment in unconsolidated affiliate 256 — — 256 61 Total impairments $ 352 $ — $ — $ 352 $ 807
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	March 31, 2020 Asset Groups Valuation Techniques Unobservable Inputs Range (low-high) (a) Average (b) Long-lived assets, investment in unconsolidated affiliate, goodwill Discounted cash flow Oil prices $34.52 - $67.61 $ 55.98 Per barrel Natural gas prices $2.28 - $4.12 $ 3.35 Per MMBtu NGL prices $0.30 - $0.62 $ 0.52 Per gallon Discount rate 14% 14% Terminal value multiple 8x 8x Goodwill Market comparable companies EBITDA multiple 5.2x - 16.5x 8x
Financial Instruments Carried at Fair Value	March 31, 2020 December 31, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (millions) Current assets: Commodity derivatives $ 233 $ 11 $ 8 $ 252 $ 13 $ 15 $ 4 $ 32 Long-term assets: Commodity derivatives $ 47 $ 5 $ 1 $ 53 $ 1 $ 1 $ — $ 2 Current liabilities: Commodity derivatives $ (169) $ (20) $ (3) $ (192) $ (15) $ (42) $ (1) $ (58) Long-term liabilities: Commodity derivatives $ (34) $ (11) $ (1) $ (46) $ (2) $ (15) $ (3) $ (20)
Fair Value Assets and Liabilities Measured On Recurring Basis Unobservable Input Reconciliation	Commodity Derivative Instruments Current Long-Term Current Long-Term (millions) Three months ended March 31, 2020 (a): Beginning balance $ 4 $ — $ (1) $ (3) Net unrealized gains included in earnings 8 1 5 2 Settlements (4) — (7) — Ending balance $ 8 $ 1 $ (3) $ (1) Three months ended March 31, 2019 (a): Beginning balance $ 14 $ 2 $ — $ (2) Net unrealized (losses) gains included in earnings (4) (1) (2) 1 Transfers out of Level 3 (2) — — — Settlements (3) — 1 — Ending balance $ 5 $ 1 $ (1) $ (1)
Schedule of Valuation Processes	March 31, 2020 Product Group Fair Value Valuation Techniques Unobservable Input Forward Weighted Average (a) (millions) Assets NGLs $ 9 Market approach Longer dated forward curve prices $0.11-$0.47 $0.33 Per gallon Liabilities NGLs $ (3) Market approach Longer dated forward curve prices $0.10-$0.53 $0.27 Per gallon Natural gas $ (1) Market approach Longer dated forward curve prices $1.63-$2.50 $1.99 Per MMBtu
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	March 31, 2020 and December 31, 2019, the carrying value and fair value of our total debt, including current maturities, were as follows: March 31, 2020 December 31, 2019 Carrying Value (a) Fair Value Carrying Value (a) Fair Value (millions) Total debt $ 5,936 $ 4,252 $ 5,936 $ 6,130

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Leasing Assets and Liabilities [Table Text Block]	Location in Condensed Consolidated Balance Sheet As of March 31, 2020 December 31, 2019 (millions) Assets Operating lease assets Operating lease assets $ 98 $ 107 Finance lease assets Property, plant and equipment 21 25 Total right of use assets 119 132 Liabilities Current liabilities Operating lease liabilities Other current liabilities $ 23 $ 24 Finance lease liabilities Current debt 3 3 Noncurrent liabilities Operating lease liabilities Operating lease liabilities $ 83 $ 88 Finance lease liabilities Long-term debt 21 22 Total lease liabilities $ 130 $ 137
Lease, Cost [Table Text Block]	Location in Condensed Consolidated Statement of Operations Three Months Ended March 31, 2020 2019 (millions) Operating lease cost Operating and maintenance expense $ 8 $ 6 Variable lease cost Operating and maintenance expense 2 2 Short term lease cost Operating and maintenance expense 1 1 Total lease cost $ 11 $ 9
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future Minimum Lease Payments as of March 31, 2020 Operating Leases Finance Leases (millions) 2020 - remainder $ 20 $ 4 2021 25 4 2022 22 4 2023 17 4 2024 9 3 Thereafter 29 8 Total lease payments $ 122 $ 27 Less imputed interest (16) (3) Total lease liabilities $ 106 $ 24
Leases - Other Information	Three Months Ended March 31, 2020 2019 (millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7 $ 6 Operating cash flows from finance leases 1 — Right-of-use assets obtained in exchange for operating lease obligations: $ — $ 6 Other information related to operating leases as follows: Weighted average remaining lease term 6 years 6 years Weighted average discount rate 4.00 % 4.00 % Other information related to finance leases as follows: Weighted average remaining lease term 6 years — Weighted average discount rate 3.00 % — %

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	March 31, 2020 December 31, 2019 (millions) Senior notes: Issued March 2010, interest at 5.350% payable semi-annually, due March 2020 (a) $ — $ 600 Issued September 2011, interest at 4.750% payable semi-annually, due September 2021 500 500 Issued March 2012, interest at 4.950% payable semi-annually, due April 2022 350 350 Issued March 2013, interest at 3.875% payable semi-annually, due March 2023 500 500 Issued July 2018 and January 2019, interest at 5.375% payable semi-annually, due July 2025 825 825 Issued May 2019, interest at 5.125% payable semi-annually, due May 2029 600 600 Issued August 2000, interest at 8.125% payable semi-annually, due August 2030 (a) 300 300 Issued October 2006, interest at 6.450% payable semi-annually, due November 2036 300 300 Issued September 2007, interest at 6.750% payable semi-annually, due September 2037 450 450 Issued March 2014, interest at 5.600% payable semi-annually, due April 2044 400 400 Junior subordinated notes: Issued May 2013, interest at 5.850% payable semi-annually, due May 2043 550 550 Credit agreement: Revolving credit facility, weighted-average variable interest rate of 2.157%, as of March 31, 2020, due December 2024 800 200 Accounts receivable securitization facility: Accounts receivable securitization facility, weighted-average variable interest rate of 1.88% as of March 31, 2020, due August 2022 350 350 Fair value adjustments related to interest rate swap fair value hedges (a) 19 19 Unamortized issuance costs (36) (37) Unamortized discount, net (8) (8) Finance lease liabilities 24 25 Total debt 5,924 5,924 Current finance lease liabilities 3 3 Current debt — 600 Total long-term debt $ 5,921 $ 5,321
Future Maturities of Long-Term Debt	The maturities of our debt as of March 31, 2020 are as follows: Debt (millions) 2021 500 2022 700 2023 500 2024 800 Thereafter 3,425 Total debt $ 5,925

Risk Management and Hedging A_2

Risk Management and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Gross and Net Amounts of Derivative Instruments	March 31, 2020 December 31, 2019 Gross Amounts Amounts Not Net Gross Amounts Amounts Not Net (millions) Assets: Commodity derivatives $ 305 $ — $ 305 $ 34 $ — $ 34 Liabilities: Commodity derivatives $ (238) $ — $ (238) $ (78) $ — $ (78)
Schedule of Designated and Non-Designated Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of our derivative instruments that are marked-to-market each period, as well as the location of each within our condensed consolidated balance sheets, by major category, is summarized below. We have no derivative instruments that are designated as hedging instruments for accounting purposes as of March 31, 2020 and December 31, 2019. Balance Sheet Line Item March 31, December 31, Balance Sheet Line Item March 31, December 31, (millions) (millions) Derivative Assets Not Designated as Hedging Instruments: Derivative Liabilities Not Designated as Hedging Instruments: Commodity derivatives: Commodity derivatives: Unrealized gains on derivative instruments — current $ 252 $ 32 Unrealized losses on derivative instruments — current $ (192) $ (58) Unrealized gains on derivative instruments — long-term 53 2 Unrealized losses on derivative instruments — long-term (46) (20) Total $ 305 $ 34 Total $ (238) $ (78)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following summarizes the balance and activity within AOCI relative to our interest rate, commodity and foreign currency cash flow hedges as of and for the three months ended March 31, 2020: Interest Commodity Foreign Total (millions) Net deferred (losses) gains in AOCI (beginning balance) $ (2) $ (6) $ 1 $ (7) Net deferred (losses) gains in AOCI (ending balance) $ (2) $ (6) $ 1 $ (7) Deferred losses in AOCI expected to be reclassified into earnings over the next 12 months $ (1) $ — $ — $ (1) (a) Relates to Discovery, an unconsolidated affiliate. The following summarizes the balance and activity within AOCI relative to our interest rate, commodity and foreign currency cash flow hedges as of and for the three months ended March 31, 2019: Interest Commodity Foreign Total (millions) Net deferred (losses) gains in AOCI (beginning balance) $ (3) $ (6) $ 1 $ (8) Net deferred (losses) gains in AOCI (ending balance) $ (3) $ (6) $ 1 $ (8)
Schedule of Changes in Derivative Instruments Not Designated as Hedging Instruments	Commodity Derivatives: Statements of Operations Line Item Three Months Ended March 31, 2020 2019 (millions) Realized gains $ 18 $ 27 Unrealized gains (losses) 134 (54) Trading and marketing gains (losses), net $ 152 $ (27)
Schedule of Net Long or Short Positions Expected to be Realized	March 31, 2020 Crude Oil Natural Gas Natural Gas Natural Gas Year of Expiration Net Short Net Short Position Net Short Net Long 2020 (1,410,000) (27,659,800) (25,009,803) 8,190,000 2021 (1,467,000) (45,540,000) (7,294,133) 4,325,000 2022 (107,000) (13,687,500) (104,842) 8,212,500 2023 — — — 7,300,000 2024 — — — 2,140,000 March 31, 2019 Crude Oil Natural Gas Natural Gas Natural Gas Year of Expiration Net Short Net Short Position Net Short Net Long (Short) 2019 (1,191,000) (32,148,650) (26,987,090) 2,102,500 2020 (283,000) (930,000) (14,388,830) 3,660,000 2021 (100,000) — (5,516,168) (3,650,000) 2022 — — (175) —

Partnership Equity and Distri_2

Partnership Equity and Distributions (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Cash Distribution	Payment Date Per Unit Total Cash (millions) Distributions to common unitholders February 14, 2020 $ 0.78 $ 162 November 14, 2019 $ 0.78 $ 155 August 14, 2019 $ 0.78 $ 154 May 15, 2019 $ 0.78 $ 155 February 14, 2019 $ 0.78 $ 154 Distributions to Series A Preferred unitholders December 16, 2019 $ 36.875 $ 19 June 17, 2019 $ 36.875 $ 18 Distributions to Series B Preferred unitholders March 16, 2020 $ 0.4922 $ 3 December 16, 2019 $ 0.4922 $ 4 September 16, 2019 $ 0.4922 $ 3 June 17, 2019 $ 0.4922 $ 3 March 15, 2019 $ 0.4922 $ 3 Distributions to Series C Preferred unitholders January 15, 2020 $ 0.4969 $ 2 October 15, 2019 $ 0.4969 $ 2 July 15, 2019 $ 0.4969 $ 3 April 15, 2019 $ 0.4969 $ 2 January 15, 2019 $ 0.5576 $ 2

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	Three Months Ended March 31, 2020: Logistics and Marketing Gathering and Processing Other Eliminations Total (millions) Total operating revenue $ 1,358 $ 913 $ — $ (614) $ 1,657 Gross margin (a) $ 111 $ 400 $ — $ — $ 511 Operating and maintenance expense (7) (142) (4) — (153) Depreciation and amortization expense (3) (89) (7) — (99) General and administrative expense (2) (3) (51) — (56) Asset impairments — (746) — — (746) Other expense, net — (3) — — (3) Earnings from unconsolidated affiliates 137 (61) — — 76 Interest expense — — (78) — (78) Income tax expense — — (1) — (1) Net income (loss) $ 236 $ (644) $ (141) $ — $ (549) Net income attributable to noncontrolling interests — (1) — — (1) Net income (loss) attributable to partners $ 236 $ (645) $ (141) $ — $ (550) Non-cash derivative mark-to-market (b) $ 42 $ 92 $ — $ — $ 134 Non-cash lower of cost or net realizable value adjustments $ 4 $ — $ — $ — $ 4 Capital expenditures $ 1 $ 67 $ 1 $ — $ 69 Investments in unconsolidated affiliates, net $ 34 $ — $ — $ — $ 34 Three Months Ended March 31, 2019: Logistics and Marketing Gathering and Processing Other Eliminations Total (millions) Total operating revenue $ 2,045 $ 1,288 $ — $ (1,134) $ 2,199 Gross margin (a) $ 58 $ 337 $ — $ — $ 395 Operating and maintenance expense (9) (165) (4) — (178) Depreciation and amortization expense (3) (93) (7) — (103) General and administrative expense (3) (6) (58) — (67) Other expense, net — (5) — — (5) Loss on sale of assets, net (9) — — — (9) Earnings from unconsolidated affiliates 113 — — — 113 Interest expense — — (69) — (69) Income tax expense — — (1) — (1) Net income (loss) $ 147 $ 68 $ (139) $ — $ 76 Net income attributable to noncontrolling interests — (1) — — (1) Net income (loss) attributable to partners $ 147 $ 67 $ (139) $ — $ 75 Non-cash derivative mark-to-market (b) $ (18) $ (36) $ — $ — $ (54) Non-cash lower of cost or net realizable value adjustments $ 5 $ — $ — $ — $ 5 Capital expenditures $ 14 $ 165 $ 3 $ — $ 182 Investments in unconsolidated affiliates, net $ 131 $ — $ — $ — $ 131 March 31, December 31, 2020 2019 (millions) Segment long-term assets: Gathering and Processing $ 8,101 $ 8,904 Logistics and Marketing 3,861 3,848 Other (c) 268 295 Total long-term assets 12,230 13,047 Current assets 958 1,080 Total assets $ 13,188 $ 14,127 (a) Gross margin consists of total operating revenues, including commodity derivative activity, less purchases and related costs. Gross margin is viewed as a non-GAAP financial measure under the rules of the SEC, but is included as a supplemental disclosure because it is a primary performance measure used by management as it represents the results of product sales versus product purchases. As an indicator of our operating performance, gross margin should not be considered an alternative to, or more meaningful than, net income or net cash provided by operating activities as determined in accordance with GAAP. Our gross margin may not be comparable to a similarly titled measure of another company because other entities may not calculate gross margin in the same manner. (b) Non-cash commodity derivative mark-to-market is included in gross margin, along with cash settlements for our commodity derivative contracts. (c) Other long-term assets not allocable to segments consist of corporate leasehold improvements and other long-term assets.

Statement of Cash Flows, Supple

Statement of Cash Flows, Supplemental Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Summary of Supplemental Cash Flow Information	Three Months Ended March 31, 2020 2019 (millions) Cash paid for interest: Cash paid for interest, net of amounts capitalized $ 88 $ 65 Non-cash investing and financing activities: Property, plant and equipment acquired with accounts payable and accrued liabilities $ 16 $ 40 Other non-cash activities: Operating lease assets arising from the implementation of Topic 842 $ — $ 84 Right-of-use assets obtained in exchange for operating and finance lease liabilities $ — $ 6

Description of Business and B_3

Description of Business and Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020
Investments in Greater Than 20%
Business Acquisition [Line Items]
Equity method ownership investment (as percent)	20.00%
Investments in Less Than 20%
Business Acquisition [Line Items]
Equity method ownership investment (as percent)	20.00%
DCP Midstream, LLC | DCP Midstream GP, LLC
Business Acquisition [Line Items]
Ownership interest percentage by parent	100.00%
DCP Midstream, LLC | DCP Midstream LP
Business Acquisition [Line Items]
Ownership interest percentage by parent	57.00%
Phillips 66 | DCP Midstream, LLC
Business Acquisition [Line Items]
Ownership interest percentage by parent	50.00%
Enbridge | DCP Midstream, LLC
Business Acquisition [Line Items]
Ownership interest percentage by parent	50.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Trading and marketing gains (losses), net	$ 152	$ (27)
Total operating revenues	1,657	2,199
Revenue, Remaining Performance Obligation, Amount	$ 383
Revenue, Performance Obligation, Description of Timing	four years
Revenue from contract with customer not within the scope of Topic 606	$ 591	858
Natural Gas [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	447	696
NGLs and Condensate [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	946	1,415
Transportation, Processing and Other [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	112	115
Gathering and Processing
Disaggregation of Revenue [Line Items]
Trading and marketing gains (losses), net	101	(20)
Total operating revenues	913	1,288
Gathering and Processing | Natural Gas [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	326	557
Gathering and Processing | NGLs and Condensate [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	387	648
Gathering and Processing | Transportation, Processing and Other [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	99	103
Logistics and Marketing
Disaggregation of Revenue [Line Items]
Trading and marketing gains (losses), net	51	(7)
Total operating revenues	1,358	2,045
Logistics and Marketing | Natural Gas [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	411	637
Logistics and Marketing | NGLs and Condensate [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	883	1,403
Logistics and Marketing | Transportation, Processing and Other [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	13	12
Eliminations
Disaggregation of Revenue [Line Items]
Trading and marketing gains (losses), net	0	0
Total operating revenues	(614)	(1,134)
Eliminations | Natural Gas [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	(290)	(498)
Eliminations | NGLs and Condensate [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate	$ (324)	(636)
Eliminations | Transportation, Processing and Other [Member]
Disaggregation of Revenue [Line Items]
Sales of natural gas, NGLs and condensate		$ 0

Contract Liabilities (Details)

Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Contract Assets and Liabilities [Abstract]
Contract with Customer, Liability	$ 34	$ 33
Contract with Customer, Liability, Additions	2
Contract with Customer, Liability, Revenue Recognized	$ (1)
Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment	35 years

Agreements and Transactions w_3

Agreements and Transactions with Affiliates - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Expense
Related Party Transaction [Line Items]
Labor and related expense	$ 44	$ 49
General and Administrative Expense
Related Party Transaction [Line Items]
Labor and related expense	$ 35	$ 47

Agreements and Transactions w_4

Agreements and Transactions with Affiliates - Transactions with Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Related Party Transaction [Line Items]
Operating and maintenance expense	$ 153	$ 178
Affiliated Entity | Phillips 66
Related Party Transaction [Line Items]
Purchases and related costs	27	31
Operating and maintenance expense	4	4
Natural Gas, NGLs and Condensate [Member] | Affiliated Entity | Unconsolidated Affiliates
Related Party Transaction [Line Items]
Sales of natural gas, NGLs and condensate	9	14
Purchases and related costs	9	24
Natural Gas, NGLs and Condensate [Member] | Affiliated Entity | Phillips 66
Related Party Transaction [Line Items]
Sales of natural gas, NGLs and condensate	212	326
Natural Gas, NGLs and Condensate [Member] | Affiliated Entity | Enbridge
Related Party Transaction [Line Items]
Sales of natural gas, NGLs and condensate	1	0
Purchases and related costs	0	7
Transportation, Processing and Other [Member]
Related Party Transaction [Line Items]
Sales of natural gas, NGLs and condensate	112	115
Transportation, Processing and Other [Member] | Affiliated Entity | Unconsolidated Affiliates
Related Party Transaction [Line Items]
Sales of natural gas, NGLs and condensate	3	1
Purchases and related costs	215	195
Transportation, Processing and Other [Member] | Affiliated Entity | Phillips 66
Related Party Transaction [Line Items]
Purchases and related costs	$ 23	$ 14

Agreements and Transactions w_5

Agreements and Transactions with Affiliates - Balances with Affiliates (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Accounts receivable	$ 98	$ 138
Accounts payable	97	100
Unconsolidated Affiliates
Related Party Transaction [Line Items]
Accounts receivable	17	21
Accounts payable	70	78
Phillips 66
Related Party Transaction [Line Items]
Accounts receivable	81	117
Accounts payable	27	20
Enbridge
Related Party Transaction [Line Items]
Accounts payable	$ 0	$ 2

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Components Of Inventory [Line Items]
Total inventories	$ 26	$ 46
Natural Gas [Member]
Components Of Inventory [Line Items]
Total inventories	17	19
Natural Gas Liquids
Components Of Inventory [Line Items]
Total inventories	$ 9	$ 27

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Inventory Disclosure [Abstract]
Lower of cost or net realizable value adjustment	$ 4	$ 5

Property, Plant and Equipment -

Property, Plant and Equipment - Classification of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 13,342	$ 14,504
Accumulated depreciation	(5,162)	(5,693)
Property, plant and equipment, net	8,180	8,811
Gathering and transmission systems
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 7,677	8,406
Gathering and transmission systems | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	20 years
Gathering and transmission systems | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	50 years
Processing, storage and terminal facilities
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 4,873	5,305
Processing, storage and terminal facilities | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	35 years
Processing, storage and terminal facilities | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	60 years
Other
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 577	585
Other | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	3 years
Other | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	30 years
Finance lease assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 21	25
Finance lease assets [Member] | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	4 years
Finance lease assets [Member] | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life of property, plant and equipment	7 years
Construction work in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 194	$ 183

Property, Plant and Equipment_3

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Interest capitalized on construction projects	$ 2	$ 5
Depreciation expense	$ 97	$ 101

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 0	$ 194	$ 159	$ 231
Goodwill, Written off Related to Sale of Business Unit	0	37
Goodwill, Impairment Loss, Net of Tax	159	0
Gathering and Processing
Goodwill [Line Items]
Goodwill	0	159	159	159
Goodwill, Written off Related to Sale of Business Unit	0	0
Goodwill, Impairment Loss, Net of Tax	159	0
Logistics and Marketing
Goodwill [Line Items]
Goodwill	0	35	$ 0	$ 72
Goodwill, Written off Related to Sale of Business Unit	0	37
Goodwill, Impairment Loss, Net of Tax	$ 0	$ 0

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 145		$ 145
Finite-Lived Intangible Assets, Accumulated Amortization	(86)		(84)
Impairment of Intangible Assets, Finite-lived	(11)	$ 0
Intangible assets, net	$ 48		$ 61

Investments In Unconsolidated_3

Investments In Unconsolidated Affiliates - Investments In Unconsolidated Affiliates (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 3,681	$ 3,724
DCP Sand Hills Pipeline, LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	66.67%
Investments in unconsolidated affiliates	$ 1,768	1,764
DCP Southern Hills Pipeline, LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	66.67%
Investments in unconsolidated affiliates	$ 742	738
Front Range Pipeline LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	33.33%
Investments in unconsolidated affiliates	$ 209	206
Gulf Coast Express [Member]
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	25.00%
Investments in unconsolidated affiliates	$ 445	449
Texas Express Pipeline LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	10.00%
Investments in unconsolidated affiliates	$ 100	101
Cheyenne Connector
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	50.00%
Investments in unconsolidated affiliates	$ 100	83
Mont Belvieu Enterprise Fractionator
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	12.50%
Investments in unconsolidated affiliates	$ 27	27
Mont Belvieu 1 Fractionator
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	20.00%
Investments in unconsolidated affiliates	$ 8	9
Discovery Producer Services LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	40.00%
Investments in unconsolidated affiliates	$ 256	322
Panola Pipeline Company, LLC
Schedule of Equity Method Investments [Line Items]
Equity method ownership investment (as percent)	15.00%
Investments in unconsolidated affiliates	$ 22	22
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 4	$ 3

Investments in Unconsolidated_4

Investments in Unconsolidated Affiliates - Earnings from Investments in Unconsolidated Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	$ 76	$ 113
DCP Sand Hills Pipeline, LLC
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	78	68
DCP Southern Hills Pipeline, LLC
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	20	23
Front Range Pipeline LLC
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	11	7
Gulf Coast Express [Member]
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	16	0
Texas Express Pipeline LLC
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	4	5
Mont Belvieu Enterprise Fractionator
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	3	4
Mont Belvieu 1 Fractionator
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	3	4
Discovery Producer Services LLC
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	(61)	0
Other
Schedule of Equity Method Investments [Line Items]
Earnings from unconsolidated affiliates	$ 2	$ 2

Investments in Unconsolidated_5

Investments in Unconsolidated Affiliates - Equity Method Investment Summarized Financial Information, Statement of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Operating revenue	$ 527	$ 421
Operating expenses	185	191
Net income	$ 341	$ 231

Investments in Unconsolidated_6

Investments in Unconsolidated Affiliates - Equity Method Investment Summarized Financial Information, Balance Sheet (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Current assets	$ 368		$ 463
Long-term assets	7,598		7,546
Current liabilities	(169)		(231)
Long-term liabilities	(257)		(252)
Net assets	7,540		$ 7,526
Operating revenue	527	$ 421
Operating expenses	185	191
Net income	$ 341	$ 231

Fair Value Measurement - Impair

Fair Value Measurement - Impairment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Property, Plant, and Equipment	$ 96
Goodwill	0
Assets	352
Property, plant, and equipment impairment	587
Goodwill, Impairment Loss	159
Asset Impairment	746	$ 0
Equity Method Investment, Other than Temporary Impairment	61
Equity Method Investments, Fair Value Disclosure	256
Total Impairment Charges, including Equity Method Investments	807
Permian Region [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Property, plant, and equipment impairment	461
South Region [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Property, plant, and equipment impairment	126
Level 1
Impaired Long-Lived Assets Held and Used [Line Items]
Property, Plant, and Equipment	0
Goodwill	0
Assets	0
Equity Method Investments, Fair Value Disclosure	0
Level 2
Impaired Long-Lived Assets Held and Used [Line Items]
Property, Plant, and Equipment	0
Goodwill	0
Assets	0
Equity Method Investments, Fair Value Disclosure	0
Level 3
Impaired Long-Lived Assets Held and Used [Line Items]
Property, Plant, and Equipment	96
Goodwill	0
Assets	352
Equity Method Investments, Fair Value Disclosure	$ 256
Level 3 | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	14
Level 3 | Valuation Technique, Discounted Cash Flow | Measurement Input, Terminal Value Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	8
Level 3 | Arithmetic Average | Market Approach Valuation Technique | Measurement Input, EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill, Measurement Input	8
Level 3 | Arithmetic Average | Oil | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	55.98
Level 3 | Arithmetic Average | Natural Gas [Member] | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	3.35
Level 3 | Arithmetic Average | Natural Gas Liquids | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	0.52
Level 3 | Minimum | Market Approach Valuation Technique | Measurement Input, EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill, Measurement Input	5.2
Level 3 | Minimum | Oil | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	34.52
Level 3 | Minimum | Natural Gas [Member] | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	2.28
Level 3 | Minimum | Natural Gas Liquids | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	0.30
Level 3 | Maximum | Market Approach Valuation Technique | Measurement Input, EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill, Measurement Input	16.5
Level 3 | Maximum | Oil | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	67.61
Level 3 | Maximum | Natural Gas [Member] | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	4.12
Level 3 | Maximum | Natural Gas Liquids | Valuation Technique, Discounted Cash Flow | Measurement Input, Commodity Future Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Measurement Input	0.62

Fair Value Measurement - Financ

Fair Value Measurement - Financial Instruments Carried at Fair Value (Detail) - Commodity derivatives - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	$ 252	$ 32
Long- Term Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	53	2
Current Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	192	58
Long- Term Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	46	20
Level 1 | Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	233	13
Level 1 | Long- Term Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	47	1
Level 1 | Current Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	169	15
Level 1 | Long- Term Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	34	2
Level 2 | Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	11	15
Level 2 | Long- Term Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	5	1
Level 2 | Current Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	20	42
Level 2 | Long- Term Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	11	15
Level 3 | Current Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	8	4
Level 3 | Long- Term Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - assets	1	0
Level 3 | Current Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	3	1
Level 3 | Long- Term Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commodity derivatives - liabilities	$ 1	$ (3)

Fair Value Measurement - Conden

Fair Value Measurement - Condensed Consolidated Balance Sheets for Derivative Financial Instruments (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Current Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Ending balance	$ 4	$ 14
Net realized and unrealized gains (losses) included in earnings	8	(4)
Transfers out of Level 3		(2)
Settlements	(4)	(3)
Ending balance	8	5
Long- Term Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Ending balance	0	2
Net realized and unrealized gains (losses) included in earnings	1	(1)
Transfers out of Level 3		0
Settlements	0	0
Ending balance	1	1
Current Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(1)	0
Net realized and unrealized (losses) gains included in earnings	5	(2)
Transfers out of Level 3		0
Settlements	(7)	1
Ending balance	(3)	(1)
Long- Term Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(3)	(2)
Net realized and unrealized (losses) gains included in earnings	2	1
Transfers out of Level 3		0
Settlements	0	0
Ending balance	$ (1)	$ (1)

Schedule of Valuation Processes

Schedule of Valuation Processes (Detail) $ in Millions	Mar. 31, 2020USD ($)$ / gal
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Assets | $	$ 352
Level 3
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Assets | $	352
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas Liquids
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Liabilities, fair value | $	$ (3)
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas Liquids | Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.10
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas Liquids | Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.53
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas Liquids | Weighted Average [Member]
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.27
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas [Member]
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Liabilities, fair value | $	$ (1)
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas [Member] | Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	1.63
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas [Member] | Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	2.50
Level 3 | Market Approach Valuation Technique | Derivative Liabilities | Natural Gas [Member] | Weighted Average [Member]
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	1.99
Level 3 | Market Approach Valuation Technique | Derivative Assets | Natural Gas Liquids
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Assets | $	$ 9
Level 3 | Market Approach Valuation Technique | Derivative Assets | Natural Gas Liquids | Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.11
Level 3 | Market Approach Valuation Technique | Derivative Assets | Natural Gas Liquids | Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.47
Level 3 | Market Approach Valuation Technique | Derivative Assets | Natural Gas Liquids | Weighted Average [Member]
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Forward Curve Range	0.33

Carrying Value and Fair Value o

Carrying Value and Fair Value of Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Total Debt, Carrying Value	$ 5,936	$ 5,936
Total Debt, Fair Value	$ 4,252	$ 6,130

Leases, Additional Information

Leases, Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease Extension Term	20
Operating Lease, Payments	$ 7	$ 6
Finance Lease, Interest Payment on Liability	1	0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0	$ 6
Finance Lease, Weighted Average Remaining Lease Term	6 years
Finance Lease, Weighted Average Discount Rate, Percent	3.00%
Minimum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	1 year
Lessee, Finance Lease, Renewal Term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	21 years
Lessee, Finance Lease, Renewal Term	21 years

Schedule of Leased Assets and L

Schedule of Leased Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease assets	$ 98	$ 107
Finance lease assets	21	25
Total right of use assets	119	132
Operating Lease, Liability, Current	23	24
Finance Lease, Liability, Current	3	3
Operating lease liabilities	83	88
Finance Lease, Liability, Noncurrent	21	22
Total lease liabilities	$ 130	$ 137

Leases, Lease Cost (Details)

Leases, Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income and Expenses, Lessee [Abstract]
Operating Lease, Cost	$ 8	$ 6
Variable Lease, Cost	2	2
Short-term Lease, Cost	1	1
Lease, Cost	$ 11	$ 9

Leases, Schedule of Minimum Ope

Leases, Schedule of Minimum Operating and Finance Lease Payments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Year One	$ 20
Lessee, Operating Lease, Liability, Payments, Due Year Two	25
Lessee, Operating Lease, Liability, Payments, Due Year Three	22
Lessee, Operating Lease, Liability, Payments, Due Year Four	17
Lessee, Operating Lease, Liability, Payments, Due Year Five	9
Lessee, Operating Lease, Liability, Payments, Due after Year Five	29
Lessee, Operating Lease, Liability, Payments, Due	122
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	16
Operating Lease, Liability	106
Finance Lease, Liability, Payments, Year One	4
Finance Lease, Liability, Payments, Due Year Two	4
Finance Lease, Liability, Payments, Due Year Three	4
Finance Lease, Liability, Payments, Due Year Four	4
Finance Lease, Liability, Payments, Due Year Five	3
Finance Lease, Liability, Payments, Due after Year Five	8
Finance Lease, Liability, Payments, Due	27
Finance Lease, Liability, Undiscounted Excess Amount	3
Finance Lease, Liability	$ 24	$ 25

Leases, Supplemental Cash Flow

Leases, Supplemental Cash Flow and Other Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lessee Disclosure [Abstract]
Operating Lease, Payments	$ 7	$ 6
Finance Lease, Interest Payment on Liability	1	0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0	$ 6
Operating Lease, Weighted Average Remaining Lease Term	6 years	6 years
Finance Lease, Weighted Average Remaining Lease Term	6 years
Operating Lease, Weighted Average Discount Rate, Percent	4.00%	4.00%
Finance Lease, Weighted Average Discount Rate, Percent	3.00%

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Facility [Line Items]
Fair value adjustments related to interest rate swap fair value hedges	$ 19	$ 19
Unamortized issuance costs	(36)	(37)
Unamortized discount	(8)	(8)
Finance Lease, Liability	24	25
Total debt	5,924	5,924
Finance Lease, Liability, Current	3	3
Current debt	0	600
Long-term debt	5,921	5,321
Credit Agreement
Facility [Line Items]
Credit Facility	$ 800	200
Weighted-average variable interest rate	2.157%
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,400
Accounts Receivable Securitization Facility
Facility [Line Items]
Accounts Receivable Securitization Agreement	$ 350	350
Weighted-average variable interest rate	1.88%
Line of Credit Facility, Maximum Borrowing Capacity	$ 350
Accounts Recievable included in the Securitization Transaction	590
Senior Notes | Issued March 2010, interest at 5.350% payable semiannually, due March 2020
Facility [Line Items]
Senior Notes	$ 0	600
Debt interest rate percentage	5.35%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 0	600
Senior Notes | Issued September 2011, interest at 4.750% payable semiannually, due September 2021
Facility [Line Items]
Senior Notes	$ 500	500
Debt interest rate percentage	4.75%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 500	500
Senior Notes | Issued March 2012, interest at 4.950% payable semi-annually, due April 2022
Facility [Line Items]
Senior Notes	$ 350	350
Debt interest rate percentage	4.95%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 350	350
Senior Notes | Issued March 2013, interest at 3.875% payable semi-annually, due March 2023
Facility [Line Items]
Senior Notes	$ 500	500
Debt interest rate percentage	3.875%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 500	500
Senior Notes | Issued July 2018 and January 2019, interest at 5.375% payable semi-annually, due July 2025
Facility [Line Items]
Senior Notes	$ 825	825
Debt interest rate percentage	5.375%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 825	825
Senior Notes | Issued May 2019, interest at 5.125% payable semiannually, due May 2029
Facility [Line Items]
Senior Notes	$ 600	600
Debt interest rate percentage	5.125%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 600	600
Senior Notes | Issued August 2000, interest at 8.125% payable semi-annually, due August 2030
Facility [Line Items]
Senior Notes	$ 300	300
Debt interest rate percentage	8.125%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 300	300
Senior Notes | Issued October 2006, interest at 6.450% payable semi-annually, due November 2036
Facility [Line Items]
Senior Notes	$ 300	300
Debt interest rate percentage	6.45%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 300	300
Senior Notes | Issued September 2007, interest at 6.750% payable semi-annually, due September 2037
Facility [Line Items]
Senior Notes	$ 450	450
Debt interest rate percentage	6.75%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 450	450
Senior Notes | Issued March 2014, interest at 5.600% payable semi-annually, due April 2044
Facility [Line Items]
Senior Notes	$ 400	400
Debt interest rate percentage	5.60%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 400	400
Junior subordinated notes | Issued May 2013, interest at 5.850% payable semi-annually, due May 2043
Facility [Line Items]
Senior Notes	$ 550	550
Debt interest rate percentage	5.85%
Debt Instrument, Interest Rate, Stated Percentage [Abstract]
Debt Instrument, Face Amount	$ 550	$ 550

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Line of Credit Facility, Borrowing Capacity, Description	$ 500
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Accounts Recievable included in the Securitization Transaction	590
Line of Credit Facility, Maximum Borrowing Capacity	350
Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,400
Basis spread determined by credit rating	0.35%
Commitment fee percentage	0.275%
Letter of credit amount outstanding	$ 14
Debt covenants, maximum borrowing amount	$ 586
Credit Agreement | LIBOR
Debt Instrument [Line Items]
Variable rate basis spread	1.35%
Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Variable rate basis spread	0.50%
Credit Agreement | LIBOR Market Index
Debt Instrument [Line Items]
Variable rate basis spread	1.00%
Credit Agreement | Maximum
Debt Instrument [Line Items]
Maximum leverage ratio in event of acquisition	5.50
Credit Agreement | Quarters After June 30, 2018 | Maximum
Debt Instrument [Line Items]
Maximum leverage ratio	5
Credit Agreement | Quarters After June 30, 2018 | Minimum
Debt Instrument [Line Items]
Maximum leverage ratio	1
Issued July 2018 and January 2019, interest at 5.375% payable semi-annually, due July 2025 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 825	$ 825
Debt Instrument, Interest Rate, Stated Percentage	5.375%
Issued May 2019, interest at 5.125% payable semiannually, due May 2029 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 600	$ 600
Debt Instrument, Interest Rate, Stated Percentage	5.125%

Debt - Future Maturities of Lon

Debt - Future Maturities of Long-Term Debt (Detail) $ in Millions	Mar. 31, 2020USD ($)
Maturities of Long-term Debt [Abstract]
2021	$ 500
2022	700
2023	500
2024	800
Thereafter	3,425
Long Term Debt Maturities Repayments Of Principal Total	$ 5,925

Risk Management and Hedging A_3

Risk Management and Hedging Activities - Additional Information (Detail) $ in Millions	Mar. 31, 2020USD ($)
Derivative [Line Items]
Collateral, cash deposits	$ 35
Letters of credit received	$ 44

Risk Management and Hedging A_4

Risk Management and Hedging Activities - Summary of Gross and Net Amounts of Derivative Instruments (Detail) - Commodity derivatives - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Offsetting Assets [Line Items]
Gross Amounts of Assets Presented in the Balance Sheet	$ 305	$ 34
Amounts Not Offset in the Balance Sheet - Financial Instruments	0	0
Net Amount	305	34
Offsetting Liabilities [Line Items]
Gross Amounts of Liabilities Presented in the Balance Sheet	(238)	(78)
Amounts Not Offset in the Balance Sheet - Financial Instruments	0	0
Net Amount	$ (238)	$ (78)

Risk Management and Hedging A_5

Risk Management and Hedging Activities - Schedule of Designated and Non-Designated Derivative Instruments in Statement of Financial Position, Fair Value (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Asset [Abstract]
Derivative Instruments and Hedges, Current Assets	$ 252	$ 32
Derivative Instruments and Hedges, Assets, Noncurrent	53	2
Derivative Liability [Abstract]
Derivative Instruments and Hedges, Current Liabilities	192	58
Derivative Instruments and Hedges, Liabilities, Noncurrent	46	20
Commodity derivatives | Derivative Asset Not Designated As Hedging Instruments [Member]
Derivative Asset [Abstract]
Derivative Instruments and Hedges, Current Assets	252	32
Derivative Instruments and Hedges, Assets, Noncurrent	53	2
Derivative Instruments Not Designated as Hedging Instruments, Total Assets, at Fair Value	305	34
Commodity derivatives | Derivative Liabilities Not Designated As Hedging Instruments [Member]
Derivative Liability [Abstract]
Derivative Instruments and Hedges, Current Liabilities	192	58
Derivative Instruments and Hedges, Liabilities, Noncurrent	46	20
Derivative Instruments Not Designated as Hedging Instruments, Total Liabilities, at Fair Value	$ 238	$ 78

Risk Management and Hedging A_6

Risk Management and Hedging Activities - Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Accumulated Other Comprehensive (Loss) Income	$ (7)		$ (7)
Trading and marketing gains (losses), net	152	$ (27)
Commodity derivatives | Derivative Assets Not Designated As Hedging Instruments
Derivative [Line Items]
Realized gains	18	27
Unrealized gains (losses)	134	(54)
Trading and marketing gains (losses), net	152	(27)
Accumulated Net Gain (Loss) from Cash Flow Hedges
Derivative [Line Items]
Accumulated Other Comprehensive (Loss) Income	(7)	(8)	(7)	$ (8)
Accumulated Net Gain (Loss) from Cash Flow Hedges | Interest Rate Derivatives
Derivative [Line Items]
Accumulated Other Comprehensive (Loss) Income	(2)	(3)	(2)	(3)
Accumulated Net Gain (Loss) from Cash Flow Hedges | Commodity derivatives
Derivative [Line Items]
Accumulated Other Comprehensive (Loss) Income	(6)	(6)	(6)	(6)
Accumulated Net Gain (Loss) from Cash Flow Hedges | Foreign Currency Derivatives
Derivative [Line Items]
Accumulated Other Comprehensive (Loss) Income	1	$ 1	$ 1	$ 1
Cash Flow Hedging [Member]
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(1)
Cash Flow Hedging [Member] | Interest Rate Derivatives
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(1)
Cash Flow Hedging [Member] | Commodity derivatives
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	0
Cash Flow Hedging [Member] | Foreign Currency Derivatives
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0

Risk Management and Hedging A_7

Risk Management and Hedging Activities - Schedule of Changes in Derivative Instruments not Designated as Hedging Instruments (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Trading and marketing (losses) gains, net	$ 152	$ (27)
Derivative Assets Not Designated As Hedging Instruments | Commodity derivatives
Derivative [Line Items]
Realized gains	18	27
Unrealized gains (losses)	134	(54)
Trading and marketing (losses) gains, net	$ 152	$ (27)

Risk Management and Hedging A_8

Risk Management and Hedging Activities - Schedule of Net Long or Short Positions Expected to be Realized (Detail)	3 Months Ended
	Mar. 31, 2020MMBTUbbl	Mar. 31, 2019MMBTUbbl
Crude Oil
Net (Short) Position, Volume [Abstract]
Net (Short) Position (Bbls), Year One | bbl	(1,410,000)	(1,191,000)
Net (Short) Position (Bbls), Year Two | bbl	(1,467,000)	(283,000)
Net (Short) Position (Bbls), Year Three | bbl	(107,000)	(100,000)
Net (Short) Position (Bbls), Year Four | bbl	0	0
Net Long (Short) Position (Bbls), Year Five | bbl	0
Natural Gas [Member]
Net Long (Short) Position, MMBtu [Abstract]
Net (Short) Long Position (MMBtu), Year One | MMBTU	(27,659,800)	(32,148,650)
Net (Short) Long Position (MMBtu), Year Two | MMBTU	(45,540,000)	(930,000)
Net Long Position (MMBtu), Year Three | MMBTU	(13,687,500)	0
Net Long Position (MMBtu), Year Four | MMBTU	0	0
Net Long Position (MMBtu), Year Five | MMBTU	0
Natural Gas Liquids
Net (Short) Position, Volume [Abstract]
Net (Short) Position (Bbls), Year One | bbl	(25,009,803)	(26,987,090)
Net (Short) Position (Bbls), Year Two | bbl	(7,294,133)	(14,388,830)
Net (Short) Position (Bbls), Year Three | bbl	(104,842)	(5,516,168)
Net (Short) Position (Bbls), Year Four | bbl	0	(175)
Net Long (Short) Position (Bbls), Year Five | bbl	0
Natural Gas Basis Swaps
Net Long (Short) Position, MMBtu [Abstract]
Net (Short) Long Position (MMBtu), Year One | MMBTU	8,190,000	2,102,500
Net (Short) Long Position (MMBtu), Year Two | MMBTU	4,325,000	3,660,000
Net Long Position (MMBtu), Year Three | MMBTU	8,212,500	(3,650,000)
Net Long Position (MMBtu), Year Four | MMBTU	7,300,000	0
Net Long Position (MMBtu), Year Five | MMBTU	2,140,000

Partnership Equity and Distri_3

Partnership Equity and Distributions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Partnership Equity And Distribution [Line Items]
Common unitholders, units issued (in shares)	208,329,928
Total Cash Distribution	$ 167	$ 159
DCP Midstream LP | DCP Midstream, LLC
Partnership Equity And Distribution [Line Items]
Ownership interest percentage by parent	57.00%
Equity Distribution Agreement [Member]
Partnership Equity And Distribution [Line Items]
Offer Value Of Common Stock Unit Remaining Available For Sale	$ 750

Partnership Equity and Distri_4

Partnership Equity and Distributions - Cash Distribution (Detail) - USD ($) $ / shares in Units, $ in Millions	Mar. 16, 2020	Feb. 14, 2020	Jan. 15, 2020	Dec. 16, 2019	Nov. 14, 2019	Oct. 15, 2019	Sep. 16, 2019	Aug. 14, 2019	Jul. 15, 2019	Jun. 17, 2019	May 15, 2019	Apr. 15, 2019	Mar. 15, 2019	Feb. 14, 2019	Jan. 15, 2019	Mar. 31, 2020	Mar. 31, 2019
Distribution Made to Limited Partner [Line Items]
Total Cash Distribution																$ 167	$ 159
Series A Preferred Limited Partners [Member]
Distribution Made to Limited Partner [Line Items]
Preferred Limited Partnership Distribution; Distribution Amount Paid				$ 36.875						$ 36.875
Total Cash Distribution				$ 19						$ 18						0	0
Series B Preferred Limited Partners [Member]
Distribution Made to Limited Partner [Line Items]
Preferred Limited Partnership Distribution; Distribution Amount Paid	$ 0.4922			$ 0.4922			$ 0.4922			$ 0.4922			$ 0.4922
Total Cash Distribution	$ 3			$ 4			$ 3			$ 3			$ 3			3	3
Series C Preferred Limited Partners [Member]
Distribution Made to Limited Partner [Line Items]
Preferred Limited Partnership Distribution; Distribution Amount Paid			$ 0.4969			$ 0.4969			$ 0.4969			$ 0.4969			$ 0.5576
Total Cash Distribution			$ 2			$ 2			$ 3			$ 2			$ 2	2	2
Limited Partners
Distribution Made to Limited Partner [Line Items]
Per Unit Distribution (in dollars per share)		$ 0.78			$ 0.78			$ 0.78			$ 0.78			$ 0.78
Total Cash Distribution		$ 162			$ 155			$ 154			$ 155			$ 154		$ 162	$ 111

Net Income or Loss per Limite_2

Net Income or Loss per Limited Partner Unit Additional Detail (Details)	3 Months Ended
	Mar. 31, 2020shares
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	350,820

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 1	$ 1
Deferred income taxes	$ 30		$ 30

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Other Commitments [Line Items]
Administrative Settlement Penalty	$ 37,000
Amount Paid to Fund Supplemental Environmental Projects	149,000
New Mexico Environment Department Notice of Violation 1 [Member]
Other Commitments [Line Items]
Estimated Litigation Liability	150,000
New Mexico Environment Department Notice of Violation 2 [Member]
Other Commitments [Line Items]
Estimated Litigation Liability	142,000
Low end of estimate
Other Commitments [Line Items]
Estimated Litigation Liability	375,000
High end of estimate
Other Commitments [Line Items]
Estimated Litigation Liability	$ 460,000

Business Segments - Segment Inf

Business Segments - Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Total operating revenues	$ 1,657	$ 2,199
Gross margin	511	395
Operating and maintenance expense	(153)	(178)
Depreciation and amortization expense	(99)	(103)
General and administrative expense	(56)	(67)
Asset Impairments	(746)	0
Other expense, net	(3)	(5)
Loss on sale of assets, net	0	(9)
Earnings from unconsolidated affiliates	76	113
Interest expense, net	(78)	(69)
Income tax expense	1	1
Net income	(549)	76
Net income attributable to noncontrolling interests	(1)	(1)
Net income attributable to partners	(550)	75
Non-cash derivative mark-to-market	134	(54)
Non-cash lower of cost or net realizable value adjustment	(4)	(5)
Capital expenditures	69	182
Investments in unconsolidated affiliates, net	34	131
Logistics and Marketing
Segment Reporting Information [Line Items]
Total operating revenues	1,358	2,045
Gathering and Processing
Segment Reporting Information [Line Items]
Total operating revenues	913	1,288
Operating Segments | Logistics and Marketing
Segment Reporting Information [Line Items]
Total operating revenues	1,358	1,288
Gross margin	111	337
Operating and maintenance expense	(7)	(165)
Depreciation and amortization expense	(3)	(93)
General and administrative expense	(2)	(6)
Asset Impairments	0
Other expense, net	0	(5)
Loss on sale of assets, net		(9)
Earnings from unconsolidated affiliates	137	0
Interest expense, net	0	0
Income tax expense	0	0
Net income	236	147
Net income attributable to noncontrolling interests	0	(1)
Net income attributable to partners	236	147
Non-cash derivative mark-to-market	42	(36)
Non-cash lower of cost or net realizable value adjustment	(4)	(5)
Capital expenditures	1	165
Investments in unconsolidated affiliates, net	34	0
Operating Segments | Gathering and Processing
Segment Reporting Information [Line Items]
Total operating revenues	913	2,045
Gross margin	400	58
Operating and maintenance expense	(142)	(9)
Depreciation and amortization expense	(89)	(3)
General and administrative expense	(3)	(3)
Asset Impairments	(746)
Other expense, net	(3)	0
Loss on sale of assets, net		0
Earnings from unconsolidated affiliates	(61)	113
Interest expense, net	0	0
Income tax expense	0	0
Net income	(644)	68
Net income attributable to noncontrolling interests	(1)	0
Net income attributable to partners	(645)	67
Non-cash derivative mark-to-market	92	(18)
Non-cash lower of cost or net realizable value adjustment	0	0
Capital expenditures	67	14
Investments in unconsolidated affiliates, net	0	131
Other
Segment Reporting Information [Line Items]
Total operating revenues	0	0
Gross margin	0	0
Operating and maintenance expense	(4)	(4)
Depreciation and amortization expense	(7)	(7)
General and administrative expense	(51)	(58)
Asset Impairments	0
Other expense, net	0	0
Loss on sale of assets, net		0
Earnings from unconsolidated affiliates	0	0
Interest expense, net	(78)	(69)
Income tax expense	1	1
Net income	(141)	(139)
Net income attributable to noncontrolling interests	0	0
Net income attributable to partners	(141)	(139)
Non-cash derivative mark-to-market	0	0
Non-cash lower of cost or net realizable value adjustment	0	0
Capital expenditures	1	3
Investments in unconsolidated affiliates, net	0	0
Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(614)	(1,134)
Gross margin	0	0
Operating and maintenance expense		0
Depreciation and amortization expense	0	0
General and administrative expense	0	0
Other expense, net		0
Earnings from unconsolidated affiliates	0	0
Interest expense, net	0	0
Income tax expense	0	0
Net income	0	0
Net income attributable to noncontrolling interests	0	0
Net income attributable to partners	0	0
Non-cash derivative mark-to-market		0
Non-cash lower of cost or net realizable value adjustment	0	0
Capital expenditures	0	0
Investments in unconsolidated affiliates, net	$ 0	$ 0

Business Segments - Segment Ass

Business Segments - Segment Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Segment long-term assets	$ 12,230	$ 13,047
Current assets	958	1,080
Total assets	13,188	14,127
Operating Segments | Logistics and Marketing
Segment Reporting, Asset Reconciling Item [Line Items]
Segment long-term assets	3,861	3,848
Operating Segments | Gathering and Processing
Segment Reporting, Asset Reconciling Item [Line Items]
Segment long-term assets	8,101	8,904
Other
Segment Reporting, Asset Reconciling Item [Line Items]
Segment long-term assets	$ 268	$ 295

Statement of Cash Flows, Supp_2

Statement of Cash Flows, Supplemental Disclosures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Item Effected [Line Items]
Cash paid for interest, net of amounts capitalized	$ 88	$ 65
Property, plant and equipment acquired with accounts payable and accrued liabilities	16	40
Right-of-Use Assets Obtained in Exchange for Operating and Finance Lease Liabilities	0	6
Accounting Standards Update 2016-02 [Member]
Item Effected [Line Items]
Cumulative Effect of Implementation of Topic 842	$ 0	$ 84

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions

Jul. 15, 2020

Jul. 01, 2020

Jun. 15, 2020

Jun. 01, 2020

May 15, 2020

May 01, 2020

Apr. 21, 2020

Mar. 16, 2020

Jan. 15, 2020

Dec. 16, 2019

Oct. 15, 2019

Sep. 16, 2019

Jul. 15, 2019

Jun. 17, 2019

Apr. 15, 2019

Mar. 15, 2019

Jan. 15, 2019

Apr. 13, 2020

Series A Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 36.875

$ 36.875

Series B Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 0.4922

$ 0.4922

$ 0.4922

$ 0.4922

$ 0.4922

Series C Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 0.4969

$ 0.4969

$ 0.4969

$ 0.4969

$ 0.5576

Subsequent Event [Member]

Subsequent Event [Line Items]

Distribution Made to Limited Partner, Distributions Declared, Per Unit

$ 0.39

Distribution Made to Common Unitholders, Declaration Date

Apr. 21, 2020

Distribution Made to Limited Partner, Date of Record

May 1, 2020

Distribution Made to Limited Partner, Distribution Date

May 15, 2020

Restructuring and Related Cost, Number of Positions Eliminated, Inception to Date Percent

15.00%

Restructuring and Related Cost, Expected Cost

$ 11

Subsequent Event [Member] | Series A Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Preferred Limited Partner Distribution: Record Date

Jun. 1, 2020

Preferred Limited Partnership Distribution; Distribution Date

Jun. 15, 2020

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 36.875

Subsequent Event [Member] | Series B Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Distribution Made to Common Unitholders, Declaration Date

Apr. 21, 2020

Preferred Limited Partner Distribution: Record Date

Jun. 1, 2020

Preferred Limited Partnership Distribution; Distribution Date

Jun. 15, 2020

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 0.4922

Subsequent Event [Member] | Series C Preferred Limited Partners [Member]

Subsequent Event [Line Items]

Distribution Made to Common Unitholders, Declaration Date

Apr. 21, 2020

Preferred Limited Partner Distribution: Record Date

Jul. 1, 2020

Preferred Limited Partnership Distribution; Distribution Date

Jul. 15, 2020

Preferred Limited Partnership Unit; Distribution Amount Declared

$ 0.4969