XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Derivative Assets And Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
General Discussion of Derivative Instruments and Hedging Activities [Abstract] |
Offsetting Assets [Table Text Block] | The following table presents the fair value of our recognized derivative assets and liabilities on a gross basis and amounts offset on the consolidated balance sheets that are subject to enforceable master netting arrangements or similar arrangements:
|  |  |  | Asset Derivatives |  | Liability Derivatives
|  | Balance Sheet Location |  | December 31, 2016 |  | December 31, 2015 |  | December 31, 2016 |  | December 31, 2015
Derivatives without offsetting agreements |  | Derivative assets (liabilities) |  | $ | — |  |  | $ | — |  |  | $ | (194 | ) |  | $ | (176 | )
Derivatives in offsetting agreements: |  |  |  |  |  |  |  |
OTC contracts |  | Derivative assets (liabilities) |  | 25 |  |  | 63 |  |  | (58 | ) |  | (47 | )
Broker cleared derivative contracts |  | Other current assets |  | 338 |  |  | 391 |  |  | (420 | ) |  | (309 | )
|  | 363 |  |  | 454 |  |  | (672 | ) |  | (532 | )
Offsetting agreements: |  |  |  |  |  |  |  |
Counterparty netting |  | Derivative assets (liabilities) |  | (4 | ) |  | (17 | ) |  | 4 |  |  | 17 |
Payments on margin deposit |  | Other current assets |  | (338 | ) |  | (309 | ) |  | 338 |  |  | 309 |
Total net derivatives |  | $ | 21 |  |  | $ | 128 |  |  | $ | (330 | ) |  | $ | (206 | )
Outstanding Commodity-Related Derivatives | The following table details our outstanding commodity-related derivatives:
| December 31, 2016 |  | December 31, 2015
| Notional Volume |  | Maturity |  | Notional Volume |  | Maturity
Mark-to-Market Derivatives |  |  |  |  |  |  |
(Trading) |  |  |  |  |  |  |
Natural Gas (MMBtu): |  |  |  |  |  |  |
Fixed Swaps/Futures | (682,500 | ) |  | 2017 |  | (602,500 | ) |  | 2016 - 2017
Basis Swaps IFERC/NYMEX (1) | 2,242,500 |  |  | 2017 |  | (31,240,000 | ) |  | 2016 - 2017
Power (Megawatt): |  |  |  |  |  |  |
Forwards | 391,880 |  |  | 2017 - 2018 |  | 357,092 |  |  | 2016 - 2017
Futures | 109,564 |  |  | 2017 - 2018 |  | (109,791 | ) |  | 2016
Options — Puts | (50,400 | ) |  | 2017 |  | 260,534 |  |  | 2016
Options — Calls | 186,400 |  |  | 2017 |  | 1,300,647 |  |  | 2016
Crude (Bbls) – Futures | (617,000 | ) |  | 2017 |  | (591,000 | ) |  | 2016 - 2017
(Non-Trading) |  |  |  |  |  |  |
Natural Gas (MMBtu): |  |  |  |  |  |  |
Basis Swaps IFERC/NYMEX | 10,750,000 |  |  | 2017 - 2018 |  | (6,522,500 | ) |  | 2016 - 2017
Swing Swaps IFERC | (5,662,500 | ) |  | 2017 |  | 71,340,000 |  |  | 2016 - 2017
Fixed Swaps/Futures | (52,652,500 | ) |  | 2017 - 2019 |  | (14,380,000 | ) |  | 2016 - 2018
Forward Physical Contracts | (22,492,489 | ) |  | 2017 |  | 21,922,484 |  |  | 2016 - 2017
Natural Gas Liquid (Bbls) – Forwards/Swaps | (5,786,627 | ) |  | 2017 |  | (8,146,800 | ) |  | 2016 - 2018
Refined Products (Bbls) – Futures | (3,144,000 | ) |  | 2017 |  | (1,289,000 | ) |  | 2016 - 2017
Corn (Bushels) – Futures | 1,580,000 |  |  | 2017 |  | 1,185,000 |  |  | 2016
Fair Value Hedging Derivatives |  |  |  |  |  |  |
(Non-Trading) |  |  |  |  |  |  |
Natural Gas (MMBtu): |  |  |  |  |  |  |
Basis Swaps IFERC/NYMEX | (36,370,000 | ) |  | 2017 |  | (37,555,000 | ) |  | 2016
Fixed Swaps/Futures | (36,370,000 | ) |  | 2017 |  | (37,555,000 | ) |  | 2016
Hedged Item — Inventory | 36,370,000 |  |  | 2017 |  | 37,555,000 |  |  | 2016
(1) | Includes aggregate amounts for open positions related to Houston Ship Channel, Waha Hub, NGPL TexOk, West Louisiana Zone and Henry Hub locations.
Interest Rate Swaps Outstanding | The following table summarizes our interest rate swaps outstanding, none of which are designated as hedges for accounting purposes:
|  |  |  |  |  | Notional Amount Outstanding
Entity |  | Term |  | Type(1) |  | December 31, 2016 |  | December 31, 2015
ETP |  | July 2016(2) |  | Forward-starting to pay a fixed rate of 3.80% and receive a floating rate |  | $ | — |  |  | $ | 200 |
ETP |  | July 2017(3) |  | Forward-starting to pay a fixed rate of 3.90% and receive a floating rate |  | 500 |  |  | 300 |
ETP |  | July 2018(3) |  | Forward-starting to pay a fixed rate of 4.00% and receive a floating rate |  | 200 |  |  | 200 |
ETP |  | July 2019(3) |  | Forward-starting to pay a fixed rate of 3.25% and receive a floating rate |  | 200 |  |  | 200 |
ETP |  | December 2018 |  | Pay a floating rate based on a 3-month LIBOR and receive a fixed rate of 1.53% |  | 1,200 |  |  | 1,200 |
ETP |  | March 2019 |  | Pay a floating rate based on a 3-month LIBOR and receive a fixed rate of 1.42% |  | 300 |  |  | 300 |
(1) | Floating rates are based on 3-month LIBOR.
Fair Value Of Derivative Instruments | The following table provides a summary of our derivative assets and liabilities:
| Fair Value of Derivative Instruments
| Asset Derivatives |  | Liability Derivatives
| December 31, 2016 |  | December 31, 2015 |  | December 31, 2016 |  | December 31, 2015
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Commodity derivatives (margin deposits) | $ | — |  |  | $ | 38 |  |  | $ | (4 | ) |  | $ | (3 | )
| — |  |  | 38 |  |  | (4 | ) |  | (3 | )
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Commodity derivatives (margin deposits) | 338 |  |  | 353 |  |  | (416 | ) |  | (306 | )
Commodity derivatives | 25 |  |  | 63 |  |  | (58 | ) |  | (47 | )
Interest rate derivatives | — |  |  | — |  |  | (193 | ) |  | (171 | )
Embedded derivatives in ETP Preferred Units | — |  |  | — |  |  | (1 | ) |  | (5 | )
| 363 |  |  | 416 |  |  | (668 | ) |  | (529 | )
Total derivatives | $ | 363 |  |  | $ | 454 |  |  | $ | (672 | ) |  | $ | (532 | )
Partnership's Derivative Assets And Liabilities Recognized OCI On Derivatives | The following tables summarize the amounts recognized with respect to our derivative financial instruments:
| Location of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion) |  | Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |
Commodity derivatives | Cost of products sold |  | $ | — |  |  | $ | — |  |  | $ | (3 | )
Total |  |  | $ | — |  |  | $ | — |  |  | $ | (3 | )
Partnership's Derivative Assets And Liabilities Amount Of Gain (Loss) Recognized |
| Location of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion) |  | Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |
Commodity derivatives | Cost of products sold |  | $ | — |  |  | $ | — |  |  | $ | (3 | )
Total |  |  | $ | — |  |  | $ | — |  |  | $ | (3 | )
| Location of Gain/(Loss) Recognized in Income on Derivatives |  | Amount of Gain/(Loss) Recognized in Income Representing Hedge Ineffectiveness and Amount Excluded from the Assessment of Effectiveness
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Derivatives in fair value hedging relationships (including hedged item): |  |  |  |  |  |  |
Commodity derivatives | Cost of products sold |  | $ | 14 |  |  | $ | 21 |  |  | $ | (8 | )
Total |  |  | $ | 14 |  |  | $ | 21 |  |  | $ | (8 | )
| Location of Gain/(Loss) Recognized in Income on Derivatives |  | Amount of Gain/(Loss) Recognized in Income on Derivatives
|  | Years Ended December 31,
|  | 2016 |  | 2015 |  | 2014
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Commodity derivatives – Trading | Cost of products sold |  | $ | (35 | ) |  | $ | (11 | ) |  | $ | (6 | )
Commodity derivatives – Non-trading | Cost of products sold |  | (177 | ) |  | 15 |  |  | 199 |
Interest rate derivatives | Losses on interest rate derivatives |  | (12 | ) |  | (18 | ) |  | (157 | )
Embedded derivatives | Other, net |  | 4 |  |  | 12 |  |  | 3 |
Total |  |  | $ | (220 | ) |  | $ | (2 | ) |  | $ | 39 |

X
- References No definition available. + Details
Name: | us-gaap_GeneralDiscussionOfDerivativeInstrumentsAndHedgingActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: 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.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration