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Related Party Transactions | 3 Months Ended
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Mar. 31, 2016
Related Party Transactions [Abstract] |
Related Party Transactions | Note 13. Related Party Transactions The following table summarizes our related party transactions for the periods indicated:
|  | For the Three Months Ended March 31, |
|  | 2016 |  |  | 2015 |
Revenues – related parties: |  |  |  |  |  |
Unconsolidated affiliates |  | $ | 15.6 |  |  | $ | 6.1 |
Costs and expenses – related parties: |  |  |  |  |  |  |  |
EPCO and its privately held affiliates |  | $ | 237.3 |  |  | $ | 221.9 |
Unconsolidated affiliates |  |  | 72.9 |  |  |  | 39.2 |
Total |  | $ | 310.2 |  |  | $ | 261.1 |
The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:
|  | March 31, 2016 |  |  | December 31, 2015 |
Accounts receivable - related parties: |  |  |  |  |  |
Unconsolidated affiliates |  | $ | 1.1 |  |  | $ | 1.2 |
Accounts payable - related parties: |  |  |  |  |  |  |  |
EPCO and its privately held affiliates |  | $ | 24.3 |  |  | $ | 75.6 |
Unconsolidated affiliates |  |  | 13.1 |  |  |  | 8.5 |
Total |  | $ | 37.4 |  |  | $ | 84.1 |
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, 2016, 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 Units | Percentage of Total Units Outstanding
685,481,428 | 33.3%
Of the total number of units held by EPCO and its privately held affiliates, 118,000,000 have been pledged as security under the credit facilities of certain of the privately held affiliates at March 31, 2016. 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 our common units. We 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 debt obligations. During the three months ended March 31, 2016 and 2015, we paid EPCO and its privately held affiliates cash distributions totaling $260.1 million and $231.2 million, respectively. Distributions paid during 2015 excluded 35,380,000 Designated Units (see Note 8). In January 2016, privately held affiliates of EPCO purchased 3,830,256 common units from us under our ATM program, generating gross proceeds of $100 million. In February 2016, privately held affiliates of EPCO reinvested $100 million through our DRIP, resulting in the issuance of an additional 4,481,504 of our common units. See Note 8 for additional information regarding our ATM program and DRIP. We have no employees. All of our operating functions and general and administrative support services are provided by employees of EPCO pursuant to the ASA or by other service providers. 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, |
|  | 2016 |  |  | 2015 |
Operating costs and expenses |  | $ | 205.4 |  |  | $ | 191.0 |
General and administrative expenses |  |  | 27.3 |  |  |  | 26.6 |
Total costs and expenses |  | $ | 232.7 |  |  | $ | 217.6 |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A + Details
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