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11/7/23, 2:38 PM
sec.gov/Archives/edgar/data/1061219/000106121923000017/form10q.htm
Table of Contents
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ENTERPRISE PRODUCTS PARTNERS L.P.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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Note 6. Intangible Assets and Goodwill
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Identifiable Intangible Assets
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The following table summarizes our intangible assets by business segment at the dates indicated:
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June 30, 2023 December 31, 2022
Gross Value Accumulated Amortization Carrying Value Gross Value Accumulated Amortization Carrying Value
NGL Pipelines & Services:
Customer relationship intangibles $ 449 $ (257) $ 192 $ 449 $ (249) $ 200
Contract-based intangibles 751 (95) 656 749 (84) 665
Segment total 1,200 (352) 848 1,198 (333) 865
Crude Oil Pipelines & Services:
Customer relationship intangibles 2,195 (477) 1,718 2,195 (431) 1,764
Contract-based intangibles 283 (273) 10 283 (271) 12
Segment total 2,478 (750) 1,728 2,478 (702) 1,776
Natural Gas Pipelines & Services:
Customer relationship intangibles 1,350 (607) 743 1,350 (588) 762
Contract-based intangibles 639 (201) 438 639 (195) 444
Segment total 1,989 (808) 1,181 1,989 (783) 1,206
Petrochemical & Refined Products Services:
Customer relationship intangibles 181 (83) 98 181 (80) 101
Contract-based intangibles 45 (29) 16 45 (28) 17
Segment total 226 (112) 114 226 (108) 118
Total intangible assets $ 5,893 $ (2,022) $ 3,871 $ 5,891 $ (1,926) $ 3,965
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The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:
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For the Three Months Ended June 30, For the Six Months Ended June 30,
2023 2022 2023 2022
NGL Pipelines & Services $ 10 $ 9 $ 19 $ 17
Crude Oil Pipelines & Services 25 21 48 41
Natural Gas Pipelines & Services 13 14 25 25
Petrochemical & Refined Products Services 2 1 4 3
Total $ 50 $ 45 $ 96 $ 86
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The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:
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Remainder of 2023 2024 2025 2026 2027
$ 107 $ 222 $ 230 $ 237 $ 235
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Goodwill
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Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in the transaction. There has been no change in our goodwill amounts since those reported in our 2022 Form 10-K.
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https://www.sec.gov/Archives/edgar/data/1061219/000106121923000017/form10q.htm
18/93
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