Related Party Transactions

3 Months Ended

Mar. 31, 2021

Note 14. Related Party Transactions

The following table summarizes our related party transactions for the periods indicated:

	For the Three Months Ended March 31,
	2021		2020
Revenues – related parties:
Unconsolidated affiliates	$	14.2	$	16.0
Costs and expenses – related parties:
EPCO and its privately held affiliates	$	292.2	$	286.0
Unconsolidated affiliates		66.7		71.5
Total	$	358.9	$	357.5

The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:

	March 31, 2021		December 31, 2020
Accounts receivable - related parties:
EPCO and its privately held affiliates	$	1.8	$	1.9
Unconsolidated affiliates		5.2		3.7
Total	$	7.0	$	5.6

Accounts payable - related parties:
EPCO and its privately held affiliates	$	73.3	$	139.6
Unconsolidated affiliates		11.8		9.9
Total	$	85.1	$	149.5

We believe that the terms and provisions of our related party agreements are fair to us; however, such agreements and transactions may not be as favorable to us as we could have obtained from unaffiliated third parties.

Relationship with EPCO and Affiliates

We have an extensive and ongoing relationship with EPCO and its privately held affiliates (including Enterprise GP, our general partner), which are not a part of our consolidated group of companies.

At March 31, 2021, EPCO and its privately held affiliates (including Dan Duncan LLC and certain Duncan family trusts) beneficially owned the following limited partner interests in us:

Total Number of Limited Partner Interests Held	Percentage of Common Units Outstanding
702,863,875 common units	32.2%

Of the total number of Partnership common units held by EPCO and its privately held affiliates, 92,976,464 have been pledged as security under the separate credit facilities of EPCO and its privately held affiliates at March 31, 2021. These credit facilities contain customary and other events of default, including defaults by us and other affiliates of EPCO. An event of default, followed by a foreclosure on the pledged collateral, could ultimately result in a change in ownership of these units and affect the market price of the Partnership’s common units.

The Partnership and Enterprise GP are both separate legal entities apart from each other and apart from EPCO and its other affiliates, with assets and liabilities that are also separate from those of EPCO and its other affiliates. EPCO and its privately held affiliates depend on the cash distributions they receive from us and other investments to fund their other activities and to meet their respective debt obligations. During the three months ended March 31, 2021 and 2020, we paid EPCO and its privately held affiliates cash distributions totaling $306.1 million and $302.8 million, respectively.

We have no employees. All of our administrative and operating functions are provided either by employees of EPCO (pursuant to the ASA) or by other service providers. We and our general partner are parties to the ASA. The following table presents our related party costs and expenses attributable to the ASA with EPCO for the periods indicated:

	For the Three Months Ended March 31,
	2021		2020
Operating costs and expenses	$	254.7	$	251.2
General and administrative expenses		33.2		30.5
Total costs and expenses	$	287.9	$	281.7

We lease office space from privately held affiliates of EPCO at rental rates that approximate market rates. For each of the three months ended March 31, 2021 and 2020, we recognized $3.4 million of related party operating lease expense in connection with these office space leases.