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Derivative Assets And Liabilities (Tables)
 12 Months Ended
Dec. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Offsetting Assets [Table Text Block]
he 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, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
Derivatives without offsetting agreements
 
Derivative assets (liabilities)
 
$
—

 
$
—

 
$
(219
)
 
$
(194
)
Derivatives in offsetting agreements:
 
 
 
 
 
 
 
 
OTC contracts
 
Derivative assets (liabilities)
 
45

 
25

 
(58
)
 
(58
)
Broker cleared derivative contracts
 
Other current assets (liabilities)
 
276

 
338

 
(283
)
 
(420
)
 
 
321

 
363

 
(560
)
 
(672
)
Offsetting agreements:
 
 
 
 
 
 
 
 
Counterparty netting
 
Derivative assets (liabilities)
 
(21
)
 
(4
)
 
21

 
4

Counterparty netting
 
Other current assets (liabilities)
 
(263
)
 
(338
)
 
263

 
338

Total net derivatives
 
$
37

 
$
21

 
$
(276
)
 
$
(330
)
Outstanding Commodity-Related Derivatives
The following table details our outstanding commodity-related derivatives: 
 
December 31, 2017
 
December 31, 2016
 
Notional
Volume
 
Maturity
 
Notional
Volume
 
Maturity
Mark-to-Market Derivatives
 
 
 
 
 
 
 
(Trading)
 
 
 
 
 
 
 
Natural Gas (BBtu):
 
 
 
 
 
 
 
Fixed Swaps/Futures
1,078

 
2018
 
(683
)
 
2017
Basis Swaps IFERC/NYMEX (1)
48,510

 
2018-2020
 
2,243

 
2017
Options – Puts
13,000

 
2018
 
—

 
—
Power (Megawatt):
 
 
 
 
 
 
 
Forwards
435,960

 
2018-2019
 
391,880

 
2017 - 2018
Futures
(25,760
)
 
2018
 
109,564

 
2017 - 2018
Options — Puts
(153,600
)
 
2018
 
(50,400
)
 
2017
Options — Calls
137,600

 
2018
 
186,400

 
2017
Crude (MBbls) – Futures
—

 
—
 
(617
)
 
2017
(Non-Trading)
 
 
 
 
 
 
 
Natural Gas (BBtu):
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
4,650

 
2018-2020
 
10,750

 
2017 - 2018
Swing Swaps IFERC
87,253

 
2018-2019
 
(5,663
)
 
2017
Fixed Swaps/Futures
(4,390
)
 
2018-2019
 
(52,653
)
 
2017 - 2019
Forward Physical Contracts
(145,105
)
 
2018-2020
 
(22,492
)
 
2017
Natural Gas Liquid (MBbls) – Forwards/Swaps
6,744

 
2018-2019
 
(5,787
)
 
2017
Refined Products (MBbls) – Futures
(3,901
)
 
2018-2019
 
(3,144
)
 
2017
Corn (Bushels) – Futures
1,870,000

 
2018
 
1,580,000

 
2017
Fair Value Hedging Derivatives
 
 
 
 
 
 
 
(Non-Trading)
 
 
 
 
 
 
 
Natural Gas (BBtu):
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(39,770
)
 
2018
 
(36,370
)
 
2017
Fixed Swaps/Futures
(39,770
)
 
2018
 
(36,370
)
 
2017
Hedged Item — Inventory
39,770

 
2018
 
36,370

 
2017

(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, 2017
 
December 31, 2016
ETP
 
July 2017(2)
 
Forward-starting to pay a fixed rate of 3.90% and receive a floating rate
 
$
—

 
$
500

ETP
 
July 2018(2)
 
Forward-starting to pay a fixed rate of 3.76% and receive a floating rate
 
300

 
200

ETP
 
July 2019(2)
 
Forward-starting to pay a fixed rate of 3.64% and receive a floating rate
 
300

 
200

ETP
 
July 2020(2)
 
Forward-starting to pay a fixed rate of 3.52% and receive a floating rate
 
400

 
—

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, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
$
14

 
$
—

 
$
(2
)
 
$
(4
)
 
14

 
—

 
(2
)
 
(4
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
262

 
338

 
(281
)
 
(416
)
Commodity derivatives
45

 
25

 
(58
)
 
(58
)
Interest rate derivatives
—

 
—

 
(219
)
 
(193
)
Embedded derivatives in ETP Convertible Preferred Units
—

 
—

 
—

 
(1
)
 
307

 
363

 
(558
)
 
(668
)
Total derivatives
$
321

 
$
363

 
$
(560
)
 
$
(672
)
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)
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,
 
2017
 
2016
 
2015
Derivatives in fair value hedging relationships (including hedged item):
 
 
 
 
 
 
 
Commodity derivatives
Cost of products sold
 
$
26

 
$
14

 
$
21

Total
 
 
$
26

 
$
14

 
$
21
Partnership's Derivative Assets And Liabilities Amount Of Gain (Loss) Recognized
 
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,
 
2017
 
2016
 
2015
Derivatives in fair value hedging relationships (including hedged item):
 
 
 
 
 
 
 
Commodity derivatives
Cost of products sold
 
$
26

 
$
14

 
$
21

Total
 
 
$
26

 
$
14

 
$
21


 
Location of Gain/(Loss) Recognized in Income on Derivatives
 
Amount of Gain/(Loss) Recognized
in Income on Derivatives
 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Commodity derivatives – Trading
Cost of products sold
 
$
31

 
$
(35
)
 
$
(11
)
Commodity derivatives – Non-trading
Cost of products sold
 
5

 
(177
)
 
15

Interest rate derivatives
Losses on interest rate derivatives
 
(37
)
 
(12
)
 
(18
)
Embedded derivatives
Other, net
 
1

 
4

 
12

Total
 
 
$
—

 
$
(220
)
 
$
(2
)