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Equity | 3 Months Ended
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Mar. 31, 2019
Partners' Capital Notes [Abstract] |
Equity | EQUITY The change in ET Common Units during the three months ended March 31, 2019 was as follows:
| Three months ended March 31,
| 2019
Number of Common Units, beginning of period | 2,619.4 |
Common Units issued in connection with the distribution reinvestment plan | 0.2 |
Number of Common Units, end of period | 2,619.6 |
ET Equity Distribution Program In March 2017, the Partnership entered into an equity distribution agreement relating to at-the-market offerings of its common units with an aggregate offering price up to $1 billion. As of March 31, 2019, there have been no sales of common units under the equity distribution agreement. ET Repurchase Program During the three months ended March 31, 2019, ET did not repurchase any ET common units under its current buyback program. As of March 31, 2019, $936 million remained available to repurchase under the current program. ET Distribution Reinvestment Program During the three months ended March 31, 2019, distributions of $2.5 million were reinvested under the distribution reinvestment plan. As of March 31, 2019, a total of 39.8 million common units remain available to be issued under the existing registration statement in connection with the distribution reinvestment plan. Subsidiary Equity Transactions The Parent Company accounts for the difference between the carrying amount of its investment in ETO, Sunoco LP, and USAC and the underlying book value arising from the issuance or redemption of units by ETO, Sunoco LP, and USAC (excluding transactions with the Parent Company) as capital transactions. As a result of these transactions, during the three months ended March 31, 2019, there was no decrease in partners’ capital. ETO Preferred Units As of each of March 31, 2019 and December 31, 2018, ETO’s preferred units outstanding were as follows:
| Series A |  | Series B |  | Series C |  | Series D
Number of units outstanding | 950,000 |  |  | 550,000 |  |  | 18,000,000 |  |  | 17,800,000 |
ETO Series E Preferred Units Issuance In April 2019, ETO issued 32 million of its 7.600% ETO Series E Preferred Units at a price of $25 per unit, including 4 million ETO Series E Preferred Units pursuant to the underwriters’ exercise of their option to purchase additional preferred units. The total gross proceeds from the ETO Series E Preferred Unit issuance were $800 million, including $100 million from the underwriters’ exercise of their option. The net proceeds were used to repay amounts outstanding under ETO’s revolving credit facility and for general partnership purposes. Distributions on the ETO Series E Preferred Units will accrue and be cumulative from and including the date of original issue to, but excluding, May 15, 2024, at a rate of 7.600% per annum of the stated liquidation preference of $25. On and after May 15, 2024, distributions on the ETO Series E Preferred Units will accumulate at a percentage of the $25 liquidation preference equal to an annual floating rate of the three-month LIBOR, determined quarterly, plus a spread of 5.161% per annum. The ETO Series E Preferred Units are redeemable at ETO’s option on or after May 15, 2024 at a redemption price of $25 per ETO Series E Preferred Unit, plus an amount equal to all accumulated and unpaid distributions thereon to, but excluding, the date of redemption. Sunoco LP Equity Distribution Program For the three months ended March 31, 2019, Sunoco LP issued no additional units under its at-the-market equity distribution program. As of March 31, 2019, $295 million of Sunoco LP common units remained available to be issued under the currently effective equity distribution agreement. USAC Distribution Reinvestment Program During the three months ended March 31, 2019, distributions of $0.3 million were reinvested under the USAC distribution reinvestment program resulting in the issuance of approximately 16,714 USAC common units. Parent Company Cash Distributions Distributions declared and/or paid subsequent to December 31, 2018 were as follows:
Quarter Ended |  | Record Date |  | Payment Date |  | Rate
December 31, 2018 |  | February 8, 2019 |  | February 19, 2019 |  | $ | 0.3050 |
March 31, 2019 |  | May 7, 2019 |  | May 20, 2019 |  | 0.3050 |
ETO Cash Distributions Distributions declared and/or paid by ETO subsequent to December 31, 2018 were as follows:
Period Ended |  | Record Date |  | Payment Date |  | Series A (1) |  | Series B (1) |  | Series C |  | Series D
December 31, 2018 |  | February 1, 2019 |  | February 15, 2019 |  | $ | 31.25 |  |  | $ | 33.125 |  |  | $ | 0.4609 |  |  | $ | 0.4766 |
March 31, 2019 |  | May 1, 2019 |  | May 15, 2019 |  | — |  |  | — |  |  | 0.4609 |  |  | 0.4766 |
(1) Series A and Series B preferred unit distributions are paid on a semi-annual basis. Sunoco LP Cash Distributions The following are distributions declared and paid by Sunoco LP subsequent to December 31, 2018:
Quarter Ended |  | Record Date |  | Payment Date |  | Rate
December 31, 2018 |  | February 6, 2019 |  | February 14, 2019 |  | $ | 0.8255 |
March 31, 2019 |  | May 7, 2019 |  | May 15, 2019 |  | 0.8255 |
USAC Cash Distributions The following are distributions declared and paid by USAC subsequent to December 31, 2018:
Quarter Ended |  | Record Date |  | Payment Date |  | Rate
December 31, 2018 |  | January 28, 2019 |  | February 8, 2019 |  | $ | 0.5250 |
March 31, 2019 |  | April 29, 2019 |  | May 10, 2019 |  | 0.5250 |
Accumulated Other Comprehensive Income (Loss) The following table presents the components of AOCI, net of tax:
| March 31, 2019 |  | December 31, 2018
Available-for-sale securities | $ | 7 |  |  | $ | 2 |
Foreign currency translation adjustment | (5 | ) |  | (5 | )
Actuarial loss related to pensions and other postretirement benefits | (41 | ) |  | (48 | )
Investments in unconsolidated affiliates, net | 5 |  |  | 9 |
Total AOCI, net of tax | $ | (34 | ) |  | $ | (42 | )

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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