XML 38 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Operations And Organization Operations and Organization (Tables)
 6 Months Ended
Jun. 30, 2020
Change in Accounting Policy [Abstract]  
Schedule of Goodwill [Table Text Block]
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, 2019
$
10

 
$
226

 
$
483

 
$
693

 
$
1,397

 
$
1,555

 
$
619

 
$
184

 
$
5,167

Impaired
—

 
(183
)
 
(483
)
 
—

 
—

 
—

 
(619
)
 
(40
)
 
(1,325
)
Other
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Balance, March 31, 2020
10

 
43

 
—

 
693

 
1,397

 
1,555

 
—

 
137

 
3,835

Other
—

 
—

 
—

 
—

 
—

 
—

 
—

 
33

 
33

Balance, June 30, 2020
$
10

 
$
43

 
$
—

 
$
693

 
$
1,397

 
$
1,555

 
$
—

 
$
170

 
$
3,868
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
The impact of this accounting policy change on the Partnership’s net income for the six months ended June 30, 2020 was $265 million, or $0.10 per limited partner unit. As a result of this change in accounting policy, the Partnership’s consolidated balance sheets for prior periods have been retrospectively adjusted as follows:
 
December 31, 2019
 
December 31, 2018
 
As Originally Reported
 
Effect of Change
 
As Adjusted
 
As Originally Reported
 
Effect of Change
 
As Adjusted
Inventories
$
1,935

 
$
(403
)
 
$
1,532

 
$
1,677

 
$
(305
)
 
$
1,372

Total current assets
7,867

 
(403
)
 
7,464

 
6,750

 
(305
)
 
6,445

Other non-current assets, net
1,075

 
496

 
1,571

 
1,006

 
472

 
1,478

Total assets
98,880

 
93

 
98,973

 
88,246

 
167

 
88,413

Total partners’ capital
21,827

 
93

 
21,920

 
20,559

 
167

 
20,726

In addition, the Partnership’s consolidated statements of operations, comprehensive income and cash flows for prior periods have been retrospectively adjusted as follows:
 
Year Ended December 31,
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2019
As originally reported:
 
 
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
 
 
Cost of products sold
$
39,727

 
$
41,658

 
$
10,302

 
$
19,717

Operating income
7,277

 
5,348

 
1,819

 
3,746

Income from continuing operations before income tax expense (benefit)
5,094

 
3,634

 
1,242

 
2,548

Net income
4,899

 
3,365

 
1,208

 
2,388

Net income per limited partner unit
1.37

 
1.16

 
0.33

 
0.66

Comprehensive income
4,930

 
3,322

 
1,209

 
2,397

Comprehensive income attributable to partners
3,623

 
1,651

 
879

 
1,757

 
 
 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
Net income
4,899

 
3,365

 
1,208

 
2,388

Net change in operating assets and liabilities
(518
)
 
289

 
67

 
(274
)
 
 
 
 
 
 
 
 
Effect of change:
 
 
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
 
 
Cost of products sold
74

 
(55
)
 
(1
)
 
61

Operating income
(74
)
 
55

 
1

 
(61
)
Income from continuing operations before income tax expense (benefit)
(74
)
 
55

 
1

 
(61
)
Net income
(74
)
 
55

 
1

 
(61
)
Net income per limited partner unit
(0.03
)
 
0.04

 
—

 
(0.02
)
Comprehensive income
(74
)
 
55

 
1

 
(61
)
Comprehensive income attributable to partners
(74
)
 
55

 
1

 
(61
)
 
 
 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
Net income
(74
)
 
55

 
1

 
(61
)
Net change in operating assets and liabilities
74

 
(55
)
 
(1
)
 
61

 
 
 
 
 
 
 
 
As adjusted:
 
 
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
 
 
Cost of products sold
39,801

 
41,603

 
10,301

 
19,778

Operating income
7,203

 
5,403

 
1,820

 
3,685

Income from continuing operations before income tax expense (benefit)
5,020

 
3,689

 
1,243

 
2,487

Net income
4,825

 
3,420

 
1,209

 
2,327

Net income per limited partner unit
1.34

 
1.20

 
0.33

 
0.64

Comprehensive income
4,856

 
3,377

 
1,210

 
2,336

Comprehensive income attributable to partners
3,549

 
1,706

 
880

 
1,696

 
 
 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
 
 
Net income
4,825

 
3,420

 
1,209

 
2,327

Net change in operating assets and liabilities
(444
)
 
234

 
66

 
(213
)