Estimates, Significant Accounting Policies and Balance Sheet Detail (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule Of Net Changes In Operating Assets And Liabilities Included Cash Flows From Operating Activities

The net change in operating assets and liabilities (net of effects of acquisitions) included in cash flows from operating activities is comprised as follows:

	Years Ended December 31,
	2019			2018			2017
Accounts receivable	$	(473	)	$	541		$	(948	)
Accounts receivable from related companies	(69		)	162			24
Inventories	(117		)	282			58
Other current assets	117			7			38
Other non-current assets, net	(78		)	(92		)	84
Accounts payable	146			(766		)	712
Accounts payable to related companies	(32		)	(202		)	(178		)
Accrued and other current liabilities	(44		)	382			(97		)
Other non-current liabilities	(186		)	28			106
Derivative assets and liabilities, net	218			(53		)	9
Net change in operating assets and liabilities, net of effects of acquisitions	$	(518	)	$	289		$	(192	)

Schedule Of Non-Cash Investing And Financing Activities

Non-cash investing and financing activities and supplemental cash flow information are as follows:

 

	Years Ended December 31,
	2019		2018			2017
NON-CASH INVESTING ACTIVITIES:
Accrued capital expenditures	$	1,334	$	1,030		$	1,060
Lease assets obtained in exchange for new lease liabilities	68		—			—
Net losses from subsidiary common unit transactions	—		(126		)	(56		)
NON-CASH FINANCING ACTIVITIES:
Contribution of assets from noncontrolling interests	$	—	$	—		$	988
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of interest capitalized	$	1,932	$	1,870		$	1,914
Cash paid for income taxes	31		508			50

Schedule of Inventory

Inventories consisted of the following:

	December 31,
	2019		2018
Natural gas, NGLs and refined products (1)	$	833	$	833
Crude oil	654		506
Spare parts and other	448		338
Total inventories	$	1,935	$	1,677

⁽¹⁾ 

Due to changes in fuel prices, Sunoco LP recorded a write-down on the value of its fuel inventory of $85 million as of December 31, 2018.

Other Current Assets

Other current assets consisted of the following:

	December 31,
	2019		2018
Deposits paid to vendors	$	95	$	141
Prepaid expenses and other	180		209
Total other current assets	$	275	$	350

Property, Plant and Equipment

Components and useful lives of property, plant and equipment were as follows:

	December 31,
	2019			2018
Land and improvements	$	1,264		$	1,168
Buildings and improvements (1 to 45 years)	2,632			2,664
Pipelines and equipment (5 to 83 years)	64,678			58,783
Product storage and related facilities (2 to 83 years)	5,898			4,978
Right of way (20 to 83 years)	4,859			4,533
Other (1 to 48 years)	1,964			1,583
Construction work-in-process	8,495			6,067
	89,790			79,776
Less – Accumulated depreciation and depletion	(15,597		)	(12,813		)
Property, plant and equipment, net	$	74,193		$	66,963

Schedule Of Property, Plant And Equipment Depreciation And Capitalized Interest Expense

We recognized the following amounts for the periods presented:

	Years Ended December 31,
	2019		2018		2017
Depreciation, depletion and amortization expense	$	2,839	$	2,538	$	2,204
Capitalized interest	166		294		286

Schedule of Other Non-Current Assets, net

Other non-current assets, net are stated at cost less accumulated amortization. Other non-current assets, net consisted of the following:

	December 31,
	2019		2018
Regulatory assets	$	42	$	43
Pension assets	84		68
Deferred charges	178		173
Restricted funds	178		178
Other	593		544
Total other non-current assets, net	$	1,075	$	1,006

Components And Useful Lives Of Intangibles And Other Assets

Components and useful lives of intangible assets were as follows: 

	December 31, 2019					December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable intangible assets:
Customer relationships, contracts and agreements (3 to 46 years)	$	7,535	$	(1,743	)	$	7,106	$	(1,493	)
Patents (10 years)	48		(35		)	48		(30		)
Trade names (20 years)	66		(31		)	66		(28		)
Other (5 to 20 years)	19		(12		)	33		(9		)
Total amortizable intangible assets	7,668		(1,821		)	7,253		(1,560		)
Non-amortizable intangible assets:
Trademarks	295		—			295		—
Other	12		—			12		—
Total non-amortizable intangible assets	307		—			307		—
Total intangible assets	$	7,975	$	(1,821	)	$	7,560	$	(1,560	)

Aggregate Amortization Expense Of Intangibles And Other Assets

Aggregate amortization expense of intangible assets was as follows:

	Years Ended December 31,
	2019		2018		2017
Reported in depreciation, depletion and amortization expense	$	308	$	321	$	344

Estimated Aggregate Amortization Expense

Estimated aggregate amortization expense of intangible assets for the next five years was as follows:

Years Ending December 31:
2020	$	394
2021	390
2022	360
2023	320
2024	307

Schedule of Goodwill

Changes in the carrying amount of goodwill were as follows:

	Intrastate Transportation and Storage		Interstate Transportation and Storage			Midstream			NGL and Refined Products Transportation and Services		Crude Oil Transportation and Services		Investment in Sunoco LP			Investment in USAC		All Other			Total
Balance, December 31, 2017	$	10	$	196		$	870		$	693	$	1,167	$	1,430		$	—	$	402		$	4,768
Acquired	—		—			—			—		—		129			366		—			495
CDM Contribution	—		—			—			—		—		—			253		(253		)	—
Impaired	—		—			(378		)	—		—		—			—		—			(378		)
Other	—		—			—			—		—		—			—		—			—
Balance, December 31, 2018	10		196			492			693		1,167		1,559			619		149			4,885
Acquired	—		42			—			—		230		—			—		35			307
Impaired	—		(12		)	(9		)	—		—		—			—		—			(21		)
Other	—		—			—			—		—		(4		)	—		—			(4		)
Balance, December 31, 2019	$	10	$	226		$	483		$	693	$	1,397	$	1,555		$	619	$	184		$	5,167

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following:

	December 31,
	2019		2018
Interest payable	$	579	$	571
Customer advances and deposits	123		128
Accrued capital expenditures	1,334		1,030
Accrued wages and benefits	217		283
Taxes payable other than income taxes	263		256
Exchanges payable	67		112
Other	759		538
Total accrued and other current liabilities	$	3,342	$	2,918

Fair Value Of Financial Assets And Liabilities Measured On Recurring Basis

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, 2019 and 2018 based on inputs used to derive their fair values:

	Fair Value Total			Fair Value Measurements at December 31, 2019
				Level 1			Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	$	17		$	17		$	—
Swing Swaps IFERC	1			—			1
Fixed Swaps/Futures	65			65			—
Forward Physical Contracts	3			—			3
Power:
Forwards	11			—			11
Futures	4			4			—
Options – Puts	1			1			—
Options – Calls	1			1			—
NGLs – Forwards/Swaps	260			260			—
Refined Products – Futures	8			8			—
Crude – Forwards/Swaps	13			13			—
Total commodity derivatives	384			369			15
Other non-current assets	31			20			11
Total assets	$	415		$	389		$	26
Liabilities:
Interest rate derivatives	$	(399	)	$	—		$	(399	)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	(49		)	(49		)	—
Swing Swaps IFERC	(1		)	—			(1		)
Fixed Swaps/Futures	(43		)	(43		)	—
Power:
Forwards	(5		)	—			(5		)
Futures	(3		)	(3		)	—
NGLs – Forwards/Swaps	(278		)	(278		)	—
Refined Products – Futures	(10		)	(10		)	—
Total commodity derivatives	(389		)	(383		)	(6		)
Total liabilities	$	(788	)	$	(383	)	$	(405	)

	Fair Value Total			Fair Value Measurements at December 31, 2018
				Level 1			Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	$	42		$	42		$	—
Swing Swaps IFERC	52			8			44
Fixed Swaps/Futures	97			97			—
Forward Physical Contracts	20			—			20
Power:
Power – Forwards	48			—			48
Futures	1			1			—
Options – Calls	1			1			—
NGLs – Forwards/Swaps	291			291			—
Refined Products – Futures	7			7			—
Crude - Forwards/Swaps	1			1			—
Total commodity derivatives	560			448			112
Other non-current assets	26			17			9
Total assets	$	586		$	465		$	121
Liabilities:
Interest rate derivatives	$	(163	)	$	—		$	(163	)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	(91		)	(91		)	—
Swing Swaps IFERC	(40		)	—			(40		)
Fixed Swaps/Futures	(88		)	(88		)	—
Forward Physical Contracts	(21		)	—			(21		)
Power:
Forwards	(42		)	—			(42		)
Futures	(1		)	(1		)	—
NGLs – Forwards/Swaps	(224		)	(224		)	—
Refined Products – Futures	(15		)	(15		)	—
Crude - Forwards/Swaps	(61		)	(61		)	—
Total commodity derivatives	(583		)	(480		)	(103		)
Total liabilities	$	(746	)	$	(480	)	$	(266	)