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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