XML 60 R48.htm IDEA: XBRL DOCUMENT v3.21.2
Debt Obligations (Details) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended
Feb. 28, 2022
Mar. 31, 2021
Feb. 28, 2021
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Debt Instrument [Line Items]            
Principal outstanding       $ 29,821.4   $ 30,146.4
Other, non-principal amounts       (289.3)   (280.7)
Less current maturities of debt       (1,399.3)   (1,325.0)
Total long-term debt       28,132.8   28,540.7
Debt Obligations Terms:            
Repayment of debt obligations       11,491.8 $ 4,406.6  
Letters of credit outstanding       88.0    
Senior Debt Obligations [Member]            
Debt Instrument [Line Items]            
Principal outstanding       27,175.0   27,500.0
Senior Debt Obligations [Member] | Commercial Paper Notes [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.0   0.0
Information regarding variable interest rates paid:            
Weighted-average interest rate paid       0.21%    
Senior Debt Obligations [Member] | Commercial Paper Notes [Member] | Minimum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       0.15%    
Senior Debt Obligations [Member] | Commercial Paper Notes [Member] | Maximum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       0.25%    
Senior Debt Obligations [Member] | EPO Senior Notes TT, due February 2021 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.0   750.0
Debt Obligations Terms:            
Interest rate, stated percentage       2.80%    
Repayment of debt obligations     $ 750.0      
Senior Debt Obligations [Member] | EPO Senior Notes RR, due April 2021 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.0   575.0
Debt Obligations Terms:            
Interest rate, stated percentage       2.85%    
Repayment of debt obligations   $ 575.0        
Senior Debt Obligations [Member] | EPO Senior Notes VV, due February 2022 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 750.0   750.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.50%    
Senior Debt Obligations [Member] | EPO Senior Notes VV, due February 2022 [Member] | Forecast [Member]            
Debt Obligations Terms:            
Repayment of debt obligations $ 750.0          
Senior Debt Obligations [Member] | EPO Senior Notes CC, due February 2022 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 650.0   650.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.05%    
Senior Debt Obligations [Member] | EPO Senior Notes CC, due February 2022 [Member] | Forecast [Member]            
Debt Obligations Terms:            
Repayment of debt obligations $ 650.0          
Senior Debt Obligations [Member] | September 2021 EPO 364-Day Revolving Credit Agreement, due September 2022 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.0   0.0
Debt Obligations Terms:            
Credit facility interest rate description       (i) LIBOR, plus an additional variable spread; or (ii) an alternate base rate, which is the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.5%, or (c) LIBOR for an interest period of one month in effect on such day plus 1%, and a variable spread. The applicable spreads are determined based on EPO's debt ratings.    
Maximum borrowing capacity       $ 1,500.0    
Maximum bank commitments increase       200.0    
Total maximum borrowing capacity       1,700.0    
Senior Debt Obligations [Member] | EPO Senior Notes HH, due March 2023 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.35%    
Senior Debt Obligations [Member] | EPO Senior Notes JJ, due February 2024 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 850.0   850.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.90%    
Senior Debt Obligations [Member] | EPO Senior Notes MM, due February 2025 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,150.0   1,150.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.75%    
Senior Debt Obligations [Member] | EPO Senior Notes PP, due February 2026 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 875.0   875.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.70%    
Senior Debt Obligations [Member] | EPO Multi-Year Revolving Credit Agreement, due September 2026 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.0   0.0
Debt Obligations Terms:            
Credit facility interest rate description       (i) LIBOR, plus an additional variable spread; or (ii) an alternate base rate, which is the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.5%, or (c) LIBOR for an interest period of one month in effect on such day plus 1%, and a variable spread. The applicable spreads are determined based on EPO's debt ratings.    
Maximum borrowing capacity       $ 3,000.0    
Maximum bank commitments increase       500.0    
Total maximum borrowing capacity       3,500.0    
Senior Debt Obligations [Member] | EPO Senior Notes SS, due February 2027[Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 575.0   575.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.95%    
Senior Debt Obligations [Member] | EPO Senior Notes WW, due October 2028 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,000.0   1,000.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.15%    
Senior Debt Obligations [Member] | EPO Senior Notes YY, due July 2029 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.125%    
Senior Debt Obligations [Member] | EPO Senior Notes AAA, due January 2030 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       2.80%    
Senior Debt Obligations [Member] | EPO Senior Notes D, due March 2033 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 500.0   500.0
Debt Obligations Terms:            
Interest rate, stated percentage       6.875%    
Senior Debt Obligations [Member] | EPO Senior Notes H, due October 2034 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 350.0   350.0
Debt Obligations Terms:            
Interest rate, stated percentage       6.65%    
Senior Debt Obligations [Member] | EPO Senior Notes J, due March 2035 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 250.0   250.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.75%    
Senior Debt Obligations [Member] | EPO Senior Notes W, due April 2038 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 399.6   399.6
Debt Obligations Terms:            
Interest rate, stated percentage       7.55%    
Senior Debt Obligations [Member] | EPO Senior Notes R, due October 2039 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 600.0   600.0
Debt Obligations Terms:            
Interest rate, stated percentage       6.125%    
Senior Debt Obligations [Member] | EPO Senior Notes Z, due September 2040 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 600.0   600.0
Debt Obligations Terms:            
Interest rate, stated percentage       6.45%    
Senior Debt Obligations [Member] | EPO Senior Notes BB, due February 2041 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 750.0   750.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.95%    
Senior Debt Obligations [Member] | EPO Senior Notes DD, due February 2042 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 600.0   600.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.70%    
Senior Debt Obligations [Member] | EPO Senior Notes EE, due August 2042 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 750.0   750.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.85%    
Senior Debt Obligations [Member] | EPO Senior Notes GG, due February 2043 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,100.0   1,100.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.45%    
Senior Debt Obligations [Member] | EPO Senior Notes II, due March 2044 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,400.0   1,400.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.85%    
Senior Debt Obligations [Member] | EPO Senior Notes KK, due February 2045 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,150.0   1,150.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.10%    
Senior Debt Obligations [Member] | EPO Senior Notes QQ, due May 2046 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 975.0   975.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.90%    
Senior Debt Obligations [Member] | EPO Senior Notes UU, due February 2048 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.25%    
Senior Debt Obligations [Member] | EPO Senior Notes XX, due February 2049 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.80%    
Senior Debt Obligations [Member] | EPO Senior Notes ZZ, due January 2050 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,250.0   1,250.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.20%    
Senior Debt Obligations [Member] | EPO Senior Notes BBB, due January 2051 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,000.0   1,000.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.70%    
Senior Debt Obligations [Member] | EPO Senior Notes DDD, due February 2052 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,000.0   1,000.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.20%    
Senior Debt Obligations [Member] | EPO Senior Notes EEE, due February 2053 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,000.0   0.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.30%    
Aggregate debt principal issued       $ 1,000.0    
Debt issued as percent of principal amount       99.17%    
Senior Debt Obligations [Member] | EPO Senior Notes NN, due October 2054 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 400.0   400.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.95%    
Senior Debt Obligations [Member] | EPO Senior Notes CCC, due January 2060 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 1,000.0   1,000.0
Debt Obligations Terms:            
Interest rate, stated percentage       3.95%    
Senior Debt Obligations [Member] | TEPPCO Senior Notes, due April 2038 [Member]            
Debt Instrument [Line Items]            
Principal outstanding       $ 0.4   0.4
Debt Obligations Terms:            
Interest rate, stated percentage       7.55%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C, due June 2067 [Member]            
Debt Instrument [Line Items]            
Principal outstanding [1]       $ 232.2   232.2
Debt Obligations Terms:            
Variable annual interest rate thereafter, variable rate basis       3-month London Interbank Offered Rate ("LIBOR")    
Variable interest rate       2.778%    
Information regarding variable interest rates paid:            
Weighted-average interest rate paid       2.95%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C, due June 2067 [Member] | Minimum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       2.90%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C, due June 2067 [Member] | Maximum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       3.00%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes D, due August 2077 [Member]            
Debt Instrument [Line Items]            
Principal outstanding [2]       $ 700.0   700.0
Debt Obligations Terms:            
Interest rate, stated percentage       4.875%    
Variable annual interest rate thereafter, variable rate basis       3-month LIBOR    
Variable interest rate       2.986%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes E, due August 2077 [Member]            
Debt Instrument [Line Items]            
Principal outstanding [3]       $ 1,000.0   1,000.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.25%    
Variable annual interest rate thereafter, variable rate basis       3-month LIBOR    
Variable interest rate       3.033%    
Junior Debt Obligations [Member] | EPO Junior Subordinated Notes F, due February 2078 [Member]            
Debt Instrument [Line Items]            
Principal outstanding [4]       $ 700.0   700.0
Debt Obligations Terms:            
Interest rate, stated percentage       5.375%    
Variable annual interest rate thereafter, variable rate basis       3-month LIBOR    
Variable interest rate       2.57%    
Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes, due June 2067 [Member]            
Debt Instrument [Line Items]            
Principal outstanding [1]       $ 14.2   $ 14.2
Debt Obligations Terms:            
Variable annual interest rate thereafter, variable rate basis       3-month London Interbank Offered Rate ("LIBOR")    
Variable interest rate       2.778%    
Information regarding variable interest rates paid:            
Weighted-average interest rate paid       2.95%    
Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes, due June 2067 [Member] | Minimum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       2.90%    
Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes, due June 2067 [Member] | Maximum [Member]            
Information regarding variable interest rates paid:            
Variable interest rates paid       3.00%    
[1] Variable rate is reset quarterly and based on 3-month London Interbank Offered Rate ("LIBOR"), plus 2.778%.
[2] Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%.
[3] Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%.
[4] Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.57%.