Reportable Segments (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Operating Segments [Member] |
|
| Financial Information By Segment |
The following tables present financial information by segment: | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2018 | | 2017* | | 2018 | | 2017* | Segment Adjusted EBITDA: | | | | | | | | Investment in ETP | $ | 2,329 |
| | $ | 1,784 |
| | $ | 6,261 |
| | $ | 4,774 |
| Investment in Sunoco LP | 208 |
| | 199 |
| | 457 |
| | 574 |
| Investment in USAC | 90 |
| | — |
| | 185 |
| | — |
| Investment in Lake Charles LNG | 43 |
| | 43 |
| | 131 |
| | 131 |
| Corporate and Other | (9 | ) | | (3 | ) | | (17 | ) | | (25 | ) | Adjustments and Eliminations | (84 | ) | | (74 | ) | | (176 | ) | | (211 | ) | Total | 2,577 |
| | 1,949 |
| | 6,841 |
| | 5,243 |
| Depreciation, depletion and amortization | (750 | ) | | (642 | ) | | (2,109 | ) | | (1,877 | ) | Interest expense, net of interest capitalized | (535 | ) | | (490 | ) | | (1,511 | ) | | (1,440 | ) | Impairment losses | — |
| | (10 | ) | | — |
| | (99 | ) | Gains (losses) on interest rate derivatives | 45 |
| | (8 | ) | | 117 |
| | (28 | ) | Non-cash compensation expense | (27 | ) | | (29 | ) | | (82 | ) | | (76 | ) | Unrealized gains (losses) on commodity risk management activities | 97 |
| | (76 | ) | | (255 | ) | | 22 |
| Gains on disposal of assets | 18 |
| | 5 |
| | 14 |
| | — |
| Losses on extinguishments of debt | — |
| | — |
| | (106 | ) | | (25 | ) | Inventory valuation adjustments | (7 | ) | | 50 |
| | 50 |
| | 8 |
| Equity in earnings of unconsolidated affiliates | 87 |
| | 92 |
| | 258 |
| | 228 |
| Adjusted EBITDA related to unconsolidated affiliates | (179 | ) | | (205 | ) | | (503 | ) | | (554 | ) | Adjusted EBITDA related to discontinued operations | — |
| | (76 | ) | | 25 |
| | (179 | ) | Other, net | 15 |
| | 24 |
| | 45 |
| | 76 |
| Income from continuing operations before income tax (expense) benefit | 1,341 |
| | 584 |
| | 2,784 |
| | 1,299 |
| Income tax (expense) benefit from continuing operations | 52 |
| | 157 |
| | (6 | ) | | 86 |
| Income from continuing operations | 1,393 |
| | 741 |
| | 2,778 |
| | 1,385 |
| Income (loss) from discontinued operations, net of income taxes | (2 | ) | | 17 |
| | (265 | ) | | (187 | ) | Net income | $ | 1,391 |
| | $ | 758 |
| | $ | 2,513 |
| | $ | 1,198 |
|
* As adjusted. See Note 1. |
| Assets Segments [Member] |
|
| Financial Information By Segment |
| | | | | | | | | | September 30, 2018 | | December 31, 2017 | Assets: | | | | Investment in ETP | $ | 79,156 |
| | $ | 77,965 |
| Investment in Sunoco LP | 5,148 |
| | 8,344 |
| Investment in USAC | 3,814 |
| | — |
| Investment in Lake Charles LNG | 1,746 |
| | 1,646 |
| Corporate and Other | 625 |
| | 598 |
| Adjustments and Eliminations | (2,302 | ) | | (2,307 | ) | Total assets | $ | 88,187 |
| | $ | 86,246 |
|
|
| Sales Revenue, Segment [Member] |
|
| Financial Information By Segment |
| | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2018 | | 2017* | | 2018 | | 2017* | Revenues: | | | | | | | | Investment in ETP: | | | | | | | | Revenues from external customers | $ | 9,538 |
| | $ | 6,876 |
| | $ | 26,921 |
| | $ | 20,168 |
| Intersegment revenues | 103 |
| | 97 |
| | 410 |
| | 276 |
| | 9,641 |
| | 6,973 |
| | 27,331 |
| | 20,444 |
| Investment in Sunoco LP: | | | | | | | | Revenues from external customers | 4,760 |
| | 3,058 |
| | 13,114 |
| | 8,755 |
| Intersegment revenues | 1 |
| | 6 |
| | 3 |
| | 9 |
| | 4,761 |
| | 3,064 |
| | 13,117 |
| | 8,764 |
| Investment in USAC: | | | | | | | | Revenues from external customers | 166 |
| | — |
| | 331 |
| | — |
| Intersegment revenues | 3 |
| | — |
| | 5 |
| | — |
| | 169 |
| | — |
| | 336 |
| | — |
| Investment in Lake Charles LNG: | | | | | | | | Revenues from external customers | 50 |
| | 49 |
| | 148 |
| | 148 |
| | | | | | | | | Adjustments and Eliminations | (107 | ) | | (102 | ) | | (418 | ) | | (284 | ) | Total revenues | $ | 14,514 |
| | $ | 9,984 |
| | $ | 40,514 |
| | $ | 29,072 |
|
* As adjusted. See Note 1. |
| Investment In ETP [Member] |
|
| Revenue from External Customers by Products and Services [Table Text Block] |
Investment in ETP | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2018 | | 2017* | | 2018 | | 2017* | Intrastate transportation and storage | $ | 846 |
| | $ | 729 |
| | $ | 2,424 |
| | $ | 2,196 |
| Interstate transportation and storage | 390 |
| | 220 |
| | 1,026 |
| | 652 |
| Midstream | 537 |
| | 665 |
| | 1,571 |
| | 1,863 |
| NGL and refined products transportation and services | 2,948 |
| | 1,989 |
| | 7,878 |
| | 5,874 |
| Crude oil transportation and services | 4,422 |
| | 2,714 |
| | 12,942 |
| | 7,749 |
| All Other | 498 |
| | 656 |
| | 1,490 |
| | 2,110 |
| Total revenues | 9,641 |
| | 6,973 |
| | 27,331 |
| | 20,444 |
| Less: Intersegment revenues | 103 |
| | 97 |
| | 410 |
| | 276 |
| Revenues from external customers | $ | 9,538 |
| | $ | 6,876 |
| | $ | 26,921 |
| | $ | 20,168 |
|
* As adjusted. See Note 1. |
| Investment In Sunoco LP [Member] |
|
| Revenue from External Customers by Products and Services [Table Text Block] |
Investment in Sunoco LP | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2018 | | 2017 | | 2018 | | 2017 | Fuel distribution and marketing | $ | 4,494 |
| | $ | 2,467 |
| | $ | 11,983 |
| | $ | 7,082 |
| All other | 267 |
| | 597 |
| | 1,134 |
| | 1,682 |
| Total revenues | 4,761 |
| | 3,064 |
| | 13,117 |
| | 8,764 |
| Less: Intersegment revenues | 1 |
| | 6 |
| | 3 |
| | 9 |
| Revenues from external customers | $ | 4,760 |
| | $ | 3,058 |
| | $ | 13,114 |
| | $ | 8,755 |
|
|
| Investment In USAC [Member] |
|
| Revenue from External Customers by Products and Services [Table Text Block] |
Investment in USAC | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2018 | | 2017 | | 2018 | | 2017 | Contract operations | $ | 163 |
| | $ | — |
| | $ | 323 |
| | $ | — |
| Retail parts and services | 5 |
| | — |
| | 11 |
| | — |
| Station installations revenue | 1 |
| | — |
| | 2 |
| | — |
| Total revenues | 169 |
| | — |
| | 336 |
| | — |
| Less: Intersegment revenues | 3 |
| | — |
| | 5 |
| | — |
| Revenues from external customers | $ | 166 |
| | $ | — |
| | $ | 331 |
| | $ | — |
|
|