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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED): Summarized unaudited quarterly financial data is presented below. Earnings per unit are computed on a stand-alone basis for each quarter and total year.
| Quarters Ended |  |
| March 31 |  | June 30 |  | September 30 |  | December 31 |  | Total Year
2016: |  |  |  |  |  |  |  |  |
Revenues | $ | 6,083 |  |  | $ | 7,415 |  |  | $ | 7,705 |  |  | $ | 8,899 |  |  | $ | 30,102 |
Operating income (loss) | 695 |  |  | 805 |  |  | 646 |  |  | (236 | ) |  | 1,910 |
Net income (loss) | 336 |  |  | 424 |  |  | 41 |  |  | (760 | ) |  | 41 |
Limited Partners’ interest in net income | 311 |  |  | 239 |  |  | 207 |  |  | 226 |  |  | 983 |
Basic net income per limited partner unit | $ | 0.30 |  |  | $ | 0.23 |  |  | $ | 0.20 |  |  | $ | 0.22 |  |  | $ | 0.94 |
Diluted net income per limited partner unit | $ | 0.30 |  |  | $ | 0.23 |  |  | $ | 0.19 |  |  | $ | 0.21 |  |  | $ | 0.92 |
| Quarters Ended |  |
| March 31 |  | June 30 |  | September 30 |  | December 31 |  | Total Year
2015: |  |  |  |  |  |  |  |  |
Revenues | $ | 8,564 |  |  | $ | 9,423 |  |  | $ | 8,473 |  |  | $ | 7,744 |  |  | $ | 34,204 |
Operating income | 589 |  |  | 878 |  |  | 573 |  |  | 210 |  |  | 2,250 |
Net income (loss) | 221 |  |  | 772 |  |  | 238 |  |  | (138 | ) |  | 1,093 |
Limited Partners’ interest in net income | 282 |  |  | 298 |  |  | 291 |  |  | 312 |  |  | 1,183 |
Basic net income per limited partner unit | $ | 0.26 |  |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | 0.30 |  |  | $ | 1.11 |
Diluted net income per limited partner unit | $ | 0.26 |  |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | 0.30 |  |  | $ | 1.11 |
The three months ended December 31, 2015 reflected the unfavorable impact of $120 million related to non-cash inventory valuation adjustments primarily in ETP’s retail marketing operations and our investment in Sunoco LP. The three months ended December 31, 2016 and 2015 reflected the recognition of impairment losses of $970 million and $339 million, respectively. Impairment losses in 2016 were primarily related to ETP’s interstate operations, midstream midcontinent operations and retail operations. In 2015, impairment losses were primarily related to Lone Star Refinery Services operations and ETP’s Transwestern pipeline. The three months ended September 30, 2016 reflected the recognition of a non-cash impairment of ETP’s investment in MEP of $308 million in our interstate transportation and storage operations.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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