XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Reportable Segments | 12 Months Ended
--- | ---
Dec. 31, 2016
Reportable Segments [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS: Subsequent to ETE’s acquisition of a controlling interest in Sunoco LP, our financial statements reflect the following reportable business segments:
• | Investment in ETP, including the consolidated operations of ETP;
• | Investment in Sunoco LP, including the consolidated operations of Sunoco LP;
• | Investment in Lake Charles LNG, including the operations of Lake Charles LNG; and
• | Corporate and Other, including the following:
• | activities of the Parent Company; and
• | the goodwill and property, plant and equipment fair value adjustments recorded as a result of the 2004 reverse acquisition of Heritage Propane Partners, L.P.
ETP completed its acquisition of Regency in April 2015; therefore, the Investment in ETP segment amounts have been retrospectively adjusted to reflect Regency for the periods presented. The Investment in Sunoco LP segment reflects the results of Sunoco LP beginning August 29, 2014, the date that ETP originally obtained control of Sunoco LP. ETE’s consolidated results reflect the elimination of MACS, Sunoco, LLC, Susser and Sunoco Retail LLC for the periods during which those entities were included in the consolidated results of both ETP and Sunoco LP. In addition, subsequent to July 2015, ETP holds an equity method investment in Sunoco, LLC, and a continuing investment in Sunoco LP the equity in earnings from which is also eliminated in ETE’s consolidated financial statements. We define Segment Adjusted EBITDA as earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Unrealized gains and losses on commodity risk management activities include unrealized gains and losses on commodity derivatives and inventory fair value adjustments (excluding lower of cost or market adjustments). Segment Adjusted EBITDA reflects amounts for unconsolidated affiliates based on the Partnership’s proportionate ownership. Based on the change in our reportable segments we have recast the presentation of our segment results for the prior years to be consistent with the current year presentation. Eliminations in the tables below include the following:
• | ETP’s Segment Adjusted EBITDA reflected the results of Lake Charles LNG prior to the Lake Charles LNG Transaction, which was effective January 1, 2014. The Investment in Lake Charles LNG segment reflected the results of operations of Lake Charles LNG for all periods presented. Consequently, the results of operations of Lake Charles LNG were reflected in two segments for the year ended December 31, 2013. Therefore, the results of Lake Charles LNG were included in eliminations for 2013.
• | MACS, Sunoco LLC, Susser and Sunoco Retail LLC for the periods during which those entities were included in the consolidated results of both ETP and Sunoco LP, as discussed above.
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Revenues: |  |  |  |  |
Investment in ETP: |  |  |  |  |
Revenues from external customers | $ | 21,618 |  |  | $ | 34,156 |  |  | $ | 55,475 |
Intersegment revenues | 209 |  |  | 136 |  |  | — |
| 21,827 |  |  | 34,292 |  |  | 55,475 |
Investment in Sunoco LP: |  |  |  |  |
Revenues from external customers | 8,287 |  |  | 10,527 |  |  | 4,291 |
Intersegment revenues | 9 |  |  | 11 |  |  | — |
| 8,296 |  |  | 10,538 |  |  | 4,291 |
Investment in Lake Charles LNG: |  |  |  |  |
Revenues from external customers | 197 |  |  | 216 |  |  | 216 |
Adjustments and Eliminations: | (218 | ) |  | (10,842 | ) |  | (7,343 | )
Total revenues | $ | 30,102 |  |  | $ | 34,204 |  |  | $ | 52,639 |
Costs of products sold: |  |  |  |  |
Investment in ETP | $ | 15,394 |  |  | $ | 27,029 |  |  | $ | 48,414 |
Investment in Sunoco LP | 7,459 |  |  | 9,902 |  |  | 4,214 |
Adjustments and Eliminations | (217 | ) |  | (9,496 | ) |  | (6,767 | )
Total costs of products sold | $ | 22,636 |  |  | $ | 27,435 |  |  | $ | 45,861 |
Depreciation, depletion and amortization: |  |  |  |  |
Investment in ETP | $ | 1,986 |  |  | $ | 1,929 |  |  | $ | 1,669 |
Investment in Sunoco LP | 126 |  |  | 103 |  |  | 31 |
Investment in Lake Charles LNG | 39 |  |  | 39 |  |  | 39 |
Corporate and Other | 15 |  |  | 17 |  |  | 16 |
Adjustments and Eliminations | — |  |  | (184 | ) |  | (86 | )
Total depreciation, depletion and amortization | $ | 2,166 |  |  | $ | 1,904 |  |  | $ | 1,669 |
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Equity in earnings of unconsolidated affiliates: |  |  |  |  |
Investment in ETP | $ | 336 |  |  | $ | 469 |  |  | $ | 332 |
Adjustments and Eliminations | (66 | ) |  | (193 | ) |  | — |
Total equity in earnings of unconsolidated affiliates | $ | 270 |  |  | $ | 276 |  |  | $ | 332 |
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Segment Adjusted EBITDA: |  |  |  |  |
Investment in ETP | $ | 5,605 |  |  | $ | 5,714 |  |  | $ | 5,710 |
Investment in Sunoco LP | 665 |  |  | 719 |  |  | 332 |
Investment in Lake Charles LNG | 179 |  |  | 196 |  |  | 195 |
Corporate and Other | (170 | ) |  | (104 | ) |  | (97 | )
Adjustments and Eliminations | (272 | ) |  | (590 | ) |  | (300 | )
Total Segment Adjusted EBITDA | 6,007 |  |  | 5,935 |  |  | 5,840 |
Depreciation, depletion and amortization | (2,166 | ) |  | (1,904 | ) |  | (1,669 | )
Interest expense, net of interest capitalized | (1,803 | ) |  | (1,621 | ) |  | (1,368 | )
Gains on acquisitions | 83 |  |  | — |  |  | — |
Gain on sale of AmeriGas common units | — |  |  | — |  |  | 177 |
Impairment of investment in affiliate | (308 | ) |  | — |  |  | — |
Impairment losses | (970 | ) |  | (339 | ) |  | (370 | )
Losses on interest rate derivatives | (12 | ) |  | (18 | ) |  | (157 | )
Non-cash unit-based compensation expense | (70 | ) |  | (91 | ) |  | (82 | )
Unrealized gains (losses) on commodity risk management activities | (136 | ) |  | (65 | ) |  | 116 |
Losses on extinguishments of debt | — |  |  | (43 | ) |  | (25 | )
Inventory valuation adjustments | 267 |  |  | (229 | ) |  | (445 | )
Adjusted EBITDA related to discontinued operations | (293 | ) |  | (345 | ) |  | (208 | )
Adjusted EBITDA related to unconsolidated affiliates | (675 | ) |  | (713 | ) |  | (748 | )
Equity in earnings of unconsolidated affiliates | 270 |  |  | 276 |  |  | 332 |
Other, net | 78 |  |  | 21 |  |  | (74 | )
Income from continuing operations before income tax expense | $ | 272 |  |  | $ | 864 |  |  | $ | 1,319 |
| December 31,
| 2016 |  | 2015 |  | 2014
Total assets: |  |  |  |  |
Investment in ETP | $ | 70,191 |  |  | $ | 65,173 |  |  | $ | 62,518 |
Investment in Sunoco LP | 8,701 |  |  | 8,842 |  |  | 8,773 |
Investment in Lake Charles LNG | 1,508 |  |  | 1,369 |  |  | 1,210 |
Corporate and Other | 711 |  |  | 638 |  |  | 1,119 |
Adjustments and Eliminations | (2,100 | ) |  | (4,833 | ) |  | (9,341 | )
Total | $ | 79,011 |  |  | $ | 71,189 |  |  | $ | 64,279 |
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Additions to property, plant and equipment, net of contributions in aid of construction costs (accrual basis): |  |  |  |  |
Investment in ETP | $ | 5,810 |  |  | $ | 8,167 |  |  | $ | 5,494 |
Investment in Sunoco LP | 439 |  |  | 491 |  |  | 154 |
Investment in Lake Charles LNG | — |  |  | 1 |  |  | 1 |
Adjustments and Eliminations | — |  |  | (123 | ) |  | (90 | )
Total | $ | 6,249 |  |  | $ | 8,536 |  |  | $ | 5,559 |
| December 31,
| 2016 |  | 2015 |  | 2014
Advances to and investments in affiliates: |  |  |  |  |
Investment in ETP | $ | 4,280 |  |  | $ | 5,003 |  |  | $ | 3,760 |
Adjustments and Eliminations | (1,240 | ) |  | (1,541 | ) |  | (101 | )
Total | $ | 3,040 |  |  | $ | 3,462 |  |  | $ | 3,659 |
The following tables provide revenues, grouped by similar products and services, for our reportable segments. These amounts include intersegment revenues for transactions between ETP and Sunoco LP. Investment in ETP
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Intrastate Transportation and Storage | $ | 2,155 |  |  | $ | 1,912 |  |  | $ | 2,645 |
Interstate Transportation and Storage | 946 |  |  | 1,008 |  |  | 1,057 |
Midstream | 2,342 |  |  | 2,607 |  |  | 4,770 |
NGL and refined products transportation and services | 5,973 |  |  | 4,569 |  |  | 4,746 |
Crude oil transportation and services | 7,539 |  |  | 8,980 |  |  | 16,904 |
All Other | 2,872 |  |  | 15,216 |  |  | 25,353 |
Total revenues | 21,827 |  |  | 34,292 |  |  | 55,475 |
Less: Intersegment revenues | 209 |  |  | 136 |  |  | — |
Revenues from external customers | $ | 21,618 |  |  | $ | 34,156 |  |  | $ | 55,475 |
Investment in Sunoco LP
| Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Retail operations | $ | 301 |  |  | $ | 334 |  |  | $ | 43 |
Wholesale operations | 7,995 |  |  | 10,204 |  |  | 4,248 |
Total revenues | 8,296 |  |  | 10,538 |  |  | 4,291 |
Less: Intersegment revenues | 9 |  |  | 11 |  |  | — |
Revenues from external customers | $ | 8,287 |  |  | $ | 10,527 |  |  | $ | 4,291 |
Investment in Lake Charles LNG Lake Charles LNG’s revenues of $197 million, $216 million and $216 million for the years ended December 31, 2016, 2015 and 2014, respectively, were related to LNG terminalling.

X
- Definition Reportable Segments [Abstract] + References No definition available. + Details
Name: | ete_ReportableSegmentsAbstract
Namespace Prefix: | ete_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration