| ESTIMATES, SIGNIFICANT ACCOUNTING POLICIES AND BALANCE SHEET DETAIL | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
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ESTIMATES, SIGNIFICANT ACCOUNTING POLICIES AND BALANCE SHEET DETAIL | |
Net change in operating assets and liabilities (net of acquisitions) | The net change in operating assets and liabilities (net of effects of acquisitions and deconsolidations) included in cash flows from operating activities is comprised as follows: | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | Accounts receivable | $ | (919 | ) | | $ | 819 |
| | $ | 600 |
| Accounts receivable from related companies | 30 |
| | (243 | ) | | (22 | ) | Inventories | (368 | ) | | (351 | ) | | 51 |
| Other current assets | 83 |
| | (178 | ) | | 150 |
| Other non-current assets, net | (78 | ) | | 188 |
| | (6 | ) | Accounts payable | 972 |
| | (1,215 | ) | | (851 | ) | Accounts payable to related companies | 29 |
| | (160 | ) | | 3 |
| Accrued and other current liabilities | 39 |
| | (83 | ) | | (191 | ) | Other non-current liabilities | 33 |
| | (219 | ) | | (73 | ) | Price risk management assets and liabilities, net | 62 |
| | 75 |
| | 19 |
| Net change in operating assets and liabilities, net of effects of acquisitions and deconsolidations | $ | (117 | ) | | $ | (1,367 | ) | | $ | (320 | ) |
|
Non-cash investing and financing activities and supplemental cash flow information | Non-cash investing and financing activities and supplemental cash flow information are as follows: | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | NON-CASH INVESTING ACTIVITIES: | | | | | | Accrued capital expenditures | $ | 822 |
| | $ | 896 |
| | $ | 643 |
| Sunoco LP limited partner interest received in exchange for contribution of the Sunoco, Inc. retail business to Sunoco LP | 194 |
| | — |
| | — |
| Net gains from subsidiary common unit transactions | 37 |
| | 300 |
| | 175 |
| NON-CASH FINANCING ACTIVITIES: | | | | | | Issuance of Common Units in connection with the PennTex Acquisition | $ | 307 |
| | $ | — |
| | $ | — |
| Issuance of Common Units in connection with the Regency Merger | — |
| | 9,250 |
| | — |
| Issuance of Class H Units in connection with the Bakken Pipeline Transaction | — |
| | 1,946 |
| | — |
| Issuance of Common Units in connection with the Susser Merger | — |
| | — |
| | 908 |
| Contribution of property, plant and equipment from noncontrolling interest | — |
| | 34 |
| | — |
| Long-term debt assumed and non-compete agreement notes payable issued in acquisitions | — |
| | — |
| | 564 |
| Predecessor equity issuances of common units in connection with Regency’s acquisitions | — |
| | — |
| | 4,281 |
| Long-term debt assumed or exchanged in Regency’s acquisitions | — |
| | — |
| | 2,386 |
| Redemption of Common Units in connection with the Bakken Pipeline Transaction | — |
| | 999 |
| | — |
| Redemption of Common Units in connection with the Sunoco LP Exchange | — |
| | 52 |
| | — |
| Redemption of Common Units in connection with the Lake Charles LNG Transaction | — |
| | — |
| | 1,167 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | | | | | | Cash paid for interest, net of interest capitalized | $ | 1,411 |
| | $ | 1,467 |
| | $ | 1,232 |
| Cash paid for (refund of) income taxes | (229 | ) | | 71 |
| | 344 |
|
|
Inventory | Inventories consisted of the following: | | | | | | | | | | December 31, | | 2016 | | 2015 | Natural gas and NGLs | $ | 699 |
| | $ | 415 |
| Crude oil | 683 |
| | 424 |
| Refined products | 113 |
| | 104 |
| Spare parts and other | 217 |
| | 270 |
| Total inventories | $ | 1,712 |
| | $ | 1,213 |
|
|
Other Current Assets | Other current assets consisted of the following: | | | | | | | | | | December 31, | | 2016 | | 2015 | Deposits paid to vendors | $ | 74 |
| | $ | 74 |
| Income taxes receivable | 128 |
| | 291 |
| Prepaid expenses and other | 224 |
| | 167 |
| Total other current assets | $ | 426 |
| | $ | 532 |
|
|
Components and useful lives of property, plant and equipment | Components and useful lives of property, plant and equipment were as follows: | | | | | | | | | | December 31, | | 2016 | | 2015 | Land and improvements | $ | 659 |
| | $ | 686 |
| Buildings and improvements (1 to 45 years) | 1,784 |
| | 1,526 |
| Pipelines and equipment (5 to 83 years) | 35,923 |
| | 33,148 |
| Natural gas and NGL storage facilities (5 to 46 years) | 1,515 |
| | 391 |
| Bulk storage, equipment and facilities (2 to 83 years) | 3,677 |
| | 2,853 |
| Retail equipment (2 to 99 years) | — |
| | 401 |
| Vehicles (1 to 25 years) | 241 |
| | 220 |
| Right of way (20 to 83 years) | 3,374 |
| | 2,573 |
| Natural resources | 434 |
| | 484 |
| Other (1 to 40 years) | 517 |
| | 743 |
| Construction work-in-process | 10,096 |
| | 7,844 |
| | 58,220 |
| | 50,869 |
| Less – Accumulated depreciation and depletion | (7,303 | ) | | (5,782 | ) | Property, plant and equipment, net | $ | 50,917 |
| | $ | 45,087 |
|
|
Depreciation expense | We recognized the following amounts for the periods presented: | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | Depreciation and depletion expense | $ | 1,793 |
| | $ | 1,713 |
| | $ | 1,457 |
| Capitalized interest, excluding AFUDC | 200 |
| | 163 |
| | 101 |
|
|
Other non-current assets | Other Non-Current Assets, net Other non-current assets, net are stated at cost less accumulated amortization. |
Components and useful lives of intangibles assets | Components and useful lives of intangible assets were as follows: | | | | | | | | | | | | | | | | | | December 31, 2016 | | December 31, 2015 | | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | Amortizable intangible assets: | | | | | | | | Customer relationships, contracts and agreements (3 to 46 years) | $ | 5,362 |
| | $ | (737 | ) | | $ | 4,601 |
| | $ | (554 | ) | Patents (10 years) | 48 |
| | (21 | ) | | 48 |
| | (16 | ) | Trade Names (20 years) | 66 |
| | (22 | ) | | 66 |
| | (18 | ) | Other (1 to 15 years) | 2 |
| | (2 | ) | | 6 |
| | (3 | ) | Total amortizable intangible assets | $ | 5,478 |
| | $ | (782 | ) | | $ | 4,721 |
| | $ | (591 | ) | Non-amortizable intangible assets: | | | | | | | | Trademarks | — |
| | — |
| | 291 |
| | — |
| Total intangible assets | $ | 5,478 |
| | $ | (782 | ) | | $ | 5,012 |
| | $ | (591 | ) |
|
Amortization expense of intangible assets | Aggregate amortization expense of intangible assets was as follows: | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | Reported in depreciation, depletion and amortization | $ | 193 |
| | $ | 216 |
| | $ | 212 |
|
|
Amortization expense, expected | Estimated aggregate amortization expense for the next five years is as follows: | | | | | Years Ending December 31: | | 2017 | $ | 213 |
| 2018 | 213 |
| 2019 | 211 |
| 2020 | 211 |
| 2021 | 211 |
|
|
Changes in carrying amount of goodwill | Changes in the carrying amount of goodwill were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Intrastate Transportation and Storage | | Interstate Transportation and Storage | | Midstream | | Liquids Transportation and Services | | Investment in Sunoco Logistics | | All Other | | Total | Balance, December 31, 2014 | $ | 10 |
| | $ | 1,011 |
| | $ | 767 |
| | $ | 432 |
| | $ | 1,358 |
| | $ | 4,064 |
| | $ | 7,642 |
| Reduction due to Sunoco LP deconsolidation | — |
| | — |
| | — |
| | — |
| | — |
| | (2,018 | ) | | (2,018 | ) | Impaired | — |
| | (99 | ) | | — |
| | (106 | ) | | — |
| | — |
| | (205 | ) | Other | — |
| | — |
| | (49 | ) | | — |
| | — |
| | 58 |
| | 9 |
| Balance, December 31, 2015 | 10 |
| | 912 |
| | 718 |
| | 326 |
| | 1,358 |
| | 2,104 |
| | 5,428 |
| Acquired | — |
| | — |
| | 177 |
| | — |
| | 251 |
| | — |
| | 428 |
| Reduction due to contribution of legacy Sunoco, Inc. retail business | — |
| | — |
| | — |
| | — |
| | — |
| | (1,289 | ) | | (1,289 | ) | Impaired | — |
| | (638 | ) | | (32 | ) | | — |
| | — |
| | — |
| | (670 | ) | Balance, December 31, 2016 | $ | 10 |
| | $ | 274 |
| | $ | 863 |
| | $ | 326 |
| | $ | 1,609 |
| | $ | 815 |
| | $ | 3,897 |
|
|
Schedule of Asset Retirement Obligations [Table Text Block] | Below is a schedule of AROs by segment recorded as other non-current liabilities in ETP’s consolidated balance sheets: | | | | | | | | | | December 31, | | 2016 | | 2015 | Interstate transportation and storage | $ | 54 |
| | $ | 58 |
| Investment in Sunoco Logistics | 88 |
| | 88 |
| All other | 28 |
| | 66 |
| | $ | 170 |
| | $ | 212 |
|
Individual component assets have been and will continue to be replaced, but the pipeline and the natural gas gathering and processing systems will continue in operation as long as supply and demand for natural gas exists. Based on the widespread use of natural gas in industrial and power generation activities, management expects supply and demand to exist for the foreseeable future. We have in place a rigorous repair and maintenance program that keeps the pipelines and the natural gas gathering and processing systems in good working order. Therefore, although some of the individual assets may be replaced, the pipelines and the natural gas gathering and processing systems themselves will remain intact indefinitely. |
Accounts payable and accrued liabilities | Deposits or advances are received from our customers as prepayments for natural gas deliveries in the following month. Prepayments and security deposits may also be required when customers exceed their credit limits or do not qualify for open credit. |
Summary of fair value of financials | The following tables summarize the fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of December 31, 2016 and 2015 based on inputs used to derive their fair values: | | | | | | | | | | | | | | | | | | Fair Value Total | | Fair Value Measurements at December 31, 2016 | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | Commodity derivatives: | | | | | | | | Natural Gas: | | | | | | | | Basis Swaps IFERC/NYMEX | $ | 14 |
| | $ | 14 |
| | $ | — |
| | $ | — |
| Swing Swaps IFERC | 2 |
| | — |
| | 2 |
| | — |
| Fixed Swaps/Futures | 96 |
| | 96 |
| | — |
| | — |
| Forward Physical Swaps | 1 |
| | — |
| | 1 |
| | — |
| Power: | | | | | | | | Forwards | 4 |
| | — |
| | 4 |
| | — |
| Futures | 1 |
| | 1 |
| | — |
| | — |
| Options – Calls | 1 |
| | 1 |
| | — |
| | — |
| Natural Gas Liquids – Forwards/Swaps | 233 |
| | 233 |
| | — |
| | — |
| Refined Products – Futures | 1 |
| | 1 |
| | — |
| | — |
| Crude – Futures | 9 |
| | 9 |
| | — |
| | — |
| Total commodity derivatives | 362 |
| | 355 |
| | 7 |
| | — |
| Total assets | $ | 362 |
| | $ | 355 |
| | $ | 7 |
| | $ | — |
| Liabilities: | | | | | | | | Interest rate derivatives | $ | (193 | ) | | $ | — |
| | $ | (193 | ) | | $ | — |
| Embedded derivatives in the ETP Preferred Units | (1 | ) | | — |
| | — |
| | (1 | ) | Commodity derivatives: | | | | | | | | Natural Gas: | | | | | | | | Basis Swaps IFERC/NYMEX | (11 | ) | | (11 | ) | | — |
| | — |
| Swing Swaps IFERC | (3 | ) | | — |
| | (3 | ) | | — |
| Fixed Swaps/Futures | (149 | ) | | (149 | ) | | — |
| | — |
| Power: | | | | | | | | Forwards | (5 | ) | | — |
| | (5 | ) | | — |
| Futures | (1 | ) | | (1 | ) | | — |
| | — |
| Natural Gas Liquids – Forwards/Swaps | (273 | ) | | (273 | ) | | — |
| | — |
| Refined Products – Futures | (17 | ) | | (17 | ) | | — |
| | — |
| Crude – Futures | (13 | ) | | (13 | ) | | — |
| | — |
| Total commodity derivatives | (472 | ) | | (464 | ) | | (8 | ) | | — |
| Total liabilities | $ | (666 | ) | | $ | (464 | ) | | $ | (201 | ) | | $ | (1 | ) |
| | | | | | | | | | | | | | | | | | Fair Value Total | | Fair Value Measurements at December 31, 2015 | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | Commodity derivatives: | | | | | | | | Natural Gas: | | | | | | | | Basis Swaps IFERC/NYMEX | $ | 16 |
| | $ | 16 |
| | $ | — |
| | $ | — |
| Swing Swaps IFERC | 10 |
| | 2 |
| | 8 |
| | — |
| Fixed Swaps/Futures | 274 |
| | 274 |
| | — |
| | — |
| Forward Physical Swaps | 4 |
| | — |
| | 4 |
| | — |
| Power: | | | | | | | | Forwards | 22 |
| | — |
| | 22 |
| | — |
| Futures | 3 |
| | 3 |
| | — |
| | — |
| Options – Puts | 1 |
| | 1 |
| | — |
| | — |
| Options – Calls | 1 |
| | 1 |
| | — |
| | — |
| Natural Gas Liquids – Forwards/Swaps | 99 |
| | 99 |
| | — |
| | — |
| Refined Products – Futures | 9 |
| | 9 |
| | — |
| | — |
| Crude – Futures | 9 |
| | 9 |
| | — |
| | — |
| Total commodity derivatives | 448 |
| | 414 |
| | 34 |
| | — |
| Total assets | $ | 448 |
| | $ | 414 |
| | $ | 34 |
| | $ | — |
| Liabilities: | | | | | | | | Interest rate derivatives | $ | (171 | ) | | $ | — |
| | $ | (171 | ) | | $ | — |
| Embedded derivatives in the ETP Preferred Units | (5 | ) | | — |
| | — |
| | (5 | ) | Commodity derivatives: | | | | | | | | Natural Gas: | | | | | | | | Basis Swaps IFERC/NYMEX | (16 | ) | | (16 | ) | | — |
| | — |
| Swing Swaps IFERC | (12 | ) | | (2 | ) | | (10 | ) | | — |
| Fixed Swaps/Futures | (203 | ) | | (203 | ) | | — |
| | — |
| Power: | | | | | | | | Forwards | (22 | ) | | — |
| | (22 | ) | | — |
| Futures | (2 | ) | | (2 | ) | | — |
| | — |
| Options – Puts | (1 | ) | | (1 | ) | | — |
| | — |
| Natural Gas Liquids – Forwards/Swaps | (89 | ) | | (89 | ) | | — |
| | — |
| Crude – Futures | (5 | ) | | (5 | ) | | — |
| | — |
| Total commodity derivatives | (350 | ) | | (318 | ) | | (32 | ) | | — |
| Total liabilities | $ | (526 | ) | | $ | (318 | ) | | $ | (203 | ) | | $ | (5 | ) |
|
Unobservable Inputs of Fair Value Level 3 Liabilities [Table Text Block] | The following table presents the material unobservable inputs used to estimate the fair value of ETP’s Preferred Units and the embedded derivatives in ETP’s Preferred Units: | | | | | | | Unobservable Input | | December 31, 2016 | Embedded derivatives in the ETP Preferred Units | Credit Spread | | 5.12 | % | | Volatility | | 31.73 | % |
|
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents a reconciliation of the beginning and ending balances for our Level 3 financial instruments measured at fair value on a recurring basis using significant unobservable inputs for the year ended December 31, 2016. | | | | | Balance, December 31, 2015 | $ | (5 | ) | Net unrealized gains included in other income (expense) | 4 |
| Balance, December 31, 2016 | $ | (1 | ) |
|
