Related-Party Transactions |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related-Party Transactions | Related-Party Transactions We are party to fee-based commercial agreements with various affiliates of ET for pipeline, terminalling and storage services. We also have agreements with subsidiaries of ET for the purchase and sale of fuel. On July 1, 2019, we entered into a 50% owned joint venture on the J.C. Nolan diesel fuel pipeline to West Texas. ET operates the J.C. Nolan pipeline for the joint venture, which transports diesel fuel from Hebert, Texas to a terminal in the Midland, Texas area. Our investment in this unconsolidated joint venture was $134 million and $136 million as of March 31, 2021 and December 31, 2020, respectively. In addition, we recorded income on the unconsolidated joint venture of $1 million and $1 million for the three months ended March 31, 2021 and 2020, respectively. Summary of Transactions Related party transactions with affiliates for the three months ended March 31, 2021 and 2020 were as follows (in millions):
Significant affiliate balances and activity related to the consolidated balance sheets are as follows: •Net advances from affiliates were $130 million and $125 million as of March 31, 2021 and December 31, 2020, respectively. Advances from affiliates are primarily related to the treasury services agreements between Sunoco LLC and Sunoco (R&M), LLC and Sunoco Retail and Sunoco (R&M), LLC, which are in place for purposes of cash management and transactions related to the diesel fuel pipeline joint venture with ET. •Net accounts receivable from affiliates were $11 million and $11 million as of March 31, 2021 and December 31, 2020, respectively, which are primarily related to motor fuel sales to affiliates. •Net accounts payable to affiliates were $62 million and $79 million as of March 31, 2021 and December 31, 2020, respectively, which are related to operational expenses and bulk fuel purchases.
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