Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	Quarters Ended
	March 31		June 30		September 30		December 31			Total Year
2015:
Revenues	$	10,380	$	11,594	$	10,616	$	9,536		$	42,126
Operating income	617		896		650		236			2,399
Net income (loss)	221		772		238		(138		)	1,093
Limited Partners’ interest in net income	282		298		291		312			1,183
Basic net income per limited partner unit	$	0.26	$	0.28	$	0.28	$	0.30		$	1.11
Diluted net income per limited partner unit	$	0.26	$	0.28	$	0.28	$	0.30		$	1.11

	Quarters Ended
	March 31		June 30		September 30		December 31			Total Year
2014:
Revenues	$	13,080	$	14,143	$	14,987	$	13,481		$	55,691
Operating income	710		773		822		165			2,470
Net income (loss)	448		500		470		(294		)	1,124
Limited Partners’ interest in net income	167		163		188		111			629
Basic net income per limited partner unit	$	0.15	$	0.15	$	0.18	$	0.11		$	0.58
Diluted net income per limited partner unit	$	0.15	$	0.15	$	0.18	$	0.11		$	0.57

The three months ended December 31, 2015 and 2014 reflected the unfavorable impacts of $171 million and $456 million, respectively, related to non-cash inventory valuation adjustments primarily in ETP’s investment in Sunoco Logistics and retail marketing operations and our investment in Sunoco LP. The three months ended December 31, 2015 and 2014 reflected the recognition of impairment losses of $339 million and $370 million, respectively. Impairment losses in 2015 were primarily related to ETP’s Lone Star Refinery Services operations and ETP’s Transwestern pipeline, and in 2014, impairment losses were primarily related to Regency’s Permian Basin gathering and processing operations.