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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Event [Abstract]  
Subsequent Event

Note 19.  Subsequent Events

Issuance of $3.0 Billion of Senior Notes in October 2018
In October 2018, EPO issued $3.0 billion aggregate principal amount of senior notes comprised of (i) $750 million principal amount of senior notes due February 2022 (“Senior Notes VV”), (ii) $1.00 billion principal amount of senior notes due October 2028 (“Senior Notes WW”) and (iii) $1.25 billion principal amount of senior notes due February 2049 (“Senior Notes XX”).  Net proceeds from this offering were used by EPO for the temporary repayment of amounts outstanding under its commercial paper program and for general company purposes, including for growth capital expenditures.

Senior Notes VV were issued at 99.985% of their principal amount and have a fixed-rate interest rate of 3.50% per year.  Senior Notes WW were issued at 99.764% of their principal amount and have a fixed-rate interest rate of 4.15% per year.  Senior Notes XX were issued at 99.390% of their principal amount and have a fixed-rate interest rate of 4.80% per year.  Enterprise Products Partners L.P. has guaranteed the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.

Sale of Red River System in October 2018
On October 1, 2018, we closed on the sale of our Red River System and associated crude oil linefill for approximately $135 million, of which $10.5 million was received as a deposit in the third quarter of 2018.   The Red River System gathers and transports crude oil from North Texas and southern Oklahoma for delivery to local refineries and pipeline interconnects for further transportation to the Cushing hub and Gulf Coast.   As of September 30, 2018, the carrying value of these assets totaled $109.6 million, which was classified as held-for-sale primarily within other current assets on our Unaudited Consolidated Balance Sheet.