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Related Party Transactions | 6 Months Ended
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Jun. 30, 2017
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 June 30, |  |  | For the Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Revenues – related parties: |  |  |  |  |  |  |  |  |  |  |  |
Unconsolidated affiliates |  | $ | 9.9 |  |  | $ | 13.2 |  |  | $ | 20.7 |  |  | $ | 28.8 |
Costs and expenses – related parties: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
EPCO and its privately held affiliates |  | $ | 247.4 |  |  | $ | 241.4 |  |  | $ | 490.5 |  |  | $ | 478.7 |
Unconsolidated affiliates |  |  | 54.9 |  |  |  | 57.4 |  |  |  | 93.1 |  |  |  | 130.3 |
Total |  | $ | 302.3 |  |  | $ | 298.8 |  |  | $ | 583.6 |  |  | $ | 609.0 |
The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:
|  | June 30, 2017 |  |  | December 31, 2016 |
Accounts receivable - related parties: |  |  |  |  |  |
Unconsolidated affiliates |  | $ | 3.0 |  |  | $ | 1.1 |
Accounts payable - related parties: |  |  |  |  |  |  |  |
EPCO and its privately held affiliates |  | $ | 51.2 |  |  | $ | 88.9 |
Unconsolidated affiliates |  |  | 11.7 |  |  |  | 16.2 |
Total |  | $ | 62.9 |  |  | $ | 105.1 |
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 June 30, 2017, 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
685,508,319 | 32%
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 a privately held affiliate at June 30, 2017. In July 2017, the units pledged as security were reduced to 85,000,000 upon the completion of an amendment between EPCO and its privately held affiliates and the lenders. 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 six months ended June 30, 2017 and 2016, we paid EPCO and its privately held affiliates cash distributions totaling $553.7 million and $525.2 million, respectively. 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 June 30, |  |  | For the Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Operating costs and expenses |  | $ | 215.9 |  |  | $ | 210.6 |  |  | $ | 427.5 |  |  | $ | 416.0 |
General and administrative expenses |  |  | 27.1 |  |  |  | 26.3 |  |  |  | 53.9 |  |  |  | 53.6 |
Total costs and expenses |  | $ | 243.0 |  |  | $ | 236.9 |  |  | $ | 481.4 |  |  | $ | 469.6 |

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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 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 2: 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 3: 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 4: 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 5: 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 6: 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 + Details
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