Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information



	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.