XML 68 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Operations And Organization Operations and Organization (Tables)
 3 Months Ended
Mar. 31, 2020
Change in Accounting Policy [Abstract]  
Schedule of Goodwill [Table Text Block]
Changes in the carrying amount of goodwill were as follows:
 
Intrastate
Transportation
and Storage
 
Interstate
Transportation and Storage
 
Midstream
 
NGL and Refined Products Transportation and Services
 
Crude Oil Transportation and Services
 
Investment in Sunoco LP
 
Investment in USAC
 
All Other
 
Total
Balance, December 31, 2019
$
10

 
$
226

 
$
483

 
$
693

 
$
1,397

 
$
1,555

 
$
619

 
$
184

 
$
5,167

Impaired
—

 
(183
)
 
(483
)
 
—

 
—

 
—

 
(619
)
 
(40
)
 
(1,325
)
Other
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(7
)
 
(7
)
Balance, March 31, 2020
$
10

 
$
43

 
$
—

 
$
693

 
$
1,397

 
$
1,555

 
$
—

 
$
137

 
$
3,835
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The impact of this accounting policy change on the Partnership’s net income for three months ended March 31, 2020, was approximately $265 million, or $0.10 per limited partner unit. As a result of this change in accounting policy, the Partnership’s consolidated balance sheets for prior periods have been retrospectively adjusted as follows:
 
December 31, 2019
 
December 31, 2018
 
As Originally Reported
 
Effect of Change
 
As Adjusted
 
As Originally Reported
 
Effect of Change
 
As Adjusted
Inventories
$
1,935

 
$
(403
)
 
$
1,532

 
$
1,677

 
$
(305
)
 
$
1,372

Total current assets
7,867

 
(403
)
 
7,464

 
6,750

 
(305
)
 
6,445

Other non-current assets, net
1,075

 
496

 
1,571

 
1,006

 
472

 
1,478

Total assets
98,880

 
93

 
98,973

 
88,246

 
167

 
88,413

Total partners’ capital
21,827

 
93

 
21,920

 
20,559

 
167

 
20,726

In addition, the Partnership’s consolidated statements of operations, comprehensive income and cash flows for prior periods have been retrospectively adjusted as follows:
 
Year Ended December 31,
 
Three Months Ended March 31,
 
2019
 
2018
 
2019
As originally reported:
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
Cost of products sold
$
39,727

 
$
41,658

 
$
9,415

Operating income
7,277

 
5,348

 
1,927

Income from continuing operations before income tax expense (benefit)
5,094

 
3,634

 
1,306

Net income
4,899

 
3,365

 
1,180

Net income per limited partner unit
1.37

 
1.16

 
0.33

Comprehensive income
4,930

 
3,322

 
1,188

Comprehensive income attributable to partners
3,623

 
1,651

 
878

 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
Net income
4,899

 
3,365

 
1,180

Net change in operating assets and liabilities
(518
)
 
289

 
(341
)
 
 
 
 
 
 
Effect of change:
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
Cost of products sold
74

 
(55
)
 
62

Operating income
(74
)
 
55

 
(62
)
Income from continuing operations before income tax expense (benefit)
(74
)
 
55

 
(62
)
Net income
(74
)
 
55

 
(62
)
Net income per limited partner unit
(0.03
)
 
0.04

 
(0.02
)
Comprehensive income
(74
)
 
55

 
(62
)
Comprehensive income attributable to partners
(74
)
 
55

 
(62
)
 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
Net income
(74
)
 
55

 
(62
)
Net change in operating assets and liabilities
74

 
(55
)
 
62

 
 
 
 
 
 
As adjusted:
 
 
 
 
 
Consolidated Statements of Operations and Comprehensive Income
 
 
 
 
 
Cost of products sold
39,801

 
41,603

 
9,477

Operating income
7,203

 
5,403

 
1,865

Income from continuing operations before income tax expense (benefit)
5,020

 
3,689

 
1,244

Net income
4,825

 
3,420

 
1,118

Net income per limited partner unit
1.34

 
1.20

 
0.31

Comprehensive income
4,856

 
3,377

 
1,126

Comprehensive income attributable to partners
3,549

 
1,706

 
816

 
 
 
 
 
 
Consolidated Statements of Cash Flows
 
 
 
 
 
Net income
4,825

 
3,420

 
1,118

Net change in operating assets and liabilities
(444
)
 
234

 
(279
)