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Equity
9 Months Ended
Sep. 30, 2020
Partners' Capital Notes [Abstract]  
Equity EQUITY
The change in ET Common Units during the nine months ended September 30, 2020 was as follows:
Nine Months Ended September 30, 2020
Number of Common Units, beginning of period2,689.6 
Common Units issued in connection with the distribution reinvestment plan
6.9 
Common Units vested under equity incentive plans and other
1.2 
Number of Common Units, end of period2,697.7 
ET Repurchase Program
During the nine months ended September 30, 2020, ET did not repurchase any ET common units under its current buyback program. As of September 30, 2020, $911 million remained available to repurchase under the current program.
ET Distribution Reinvestment Program
During the nine months ended September 30, 2020, distributions of $72 million were reinvested under the distribution reinvestment program. As of September 30, 2020, a total of 22 million ET common units remain available to be issued under the existing registration statement in connection with the distribution reinvestment program.
Subsidiary Equity
ETO Preferred Units
As of September 30, 2020 and December 31, 2019, ETO’s outstanding preferred units included 950,000 ETO Series A Preferred Units, 550,000 ETO Series B Preferred Units, 18,000,000 ETO Series C Preferred Units, 17,800,000 ETO Series D Preferred Units and 32,000,000 ETO Series E Preferred Units. As of September 30, 2020, ETO’s outstanding preferred units also included 500,000 ETO Series F Preferred Units and 1,100,000 ETO Series G Preferred Units.
Sunoco LP Equity Distribution Program
For the nine months ended September 30, 2020, Sunoco LP issued no additional units under its at-the-market equity distribution program. As of September 30, 2020, $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 nine months ended September 30, 2020, distributions of $1.4 million were reinvested under the USAC distribution reinvestment program resulting in the issuance of approximately 140,318 USAC common units.
Parent Company Cash Distributions
Distributions declared and/or paid subsequent to December 31, 2019 were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2019February 7, 2020February 19, 2020$0.3050 
March 31, 2020May 7, 2020May 19, 20200.3050 
June 30, 2020August 7, 2020August 19, 20200.3050 
September 30, 2020November 6, 2020November 19, 20200.1525 
The Parent Company’s distribution on its common units with respect to the quarter ended March 31, 2020 was declared on March 31, 2020 and accrued as of that date. For the three months ended March 31, 2020, the consolidated statement of equity reflects distributions to common unitholders for two quarters. For the three months ended June 30, 2020, the amount reflected for distributions to common unitholders in the consolidated statements of equity reflects only the reinvestment of distributions paid in May 2020.
ETO Cash Distributions
Distributions declared and/or paid by ETO to its preferred unitholders subsequent to December 31, 2019 were as follows:
Period EndedRecord DatePayment Date
Series A (1)
Series B (1)
Series CSeries DSeries E
Series F (2)
Series G (2)
December 31, 2019February 3, 2020February 18, 2020$31.25 $33.125 $0.4609 $0.4766 $0.4750 $— $— 
March 31, 2020May 1, 2020May 15, 2020— — 0.4609 0.4766 0.4750 21.19 22.36 
June 30, 2020August 3, 2020August 17, 202031.25 33.125 0.4609 0.4766 0.4750 — — 
September 30, 2020November 2, 2020November 16, 2020— — 0.4609 0.4766 0.4750 33.75 35.625 
(1)    ETO Series A Preferred Unit and ETO Series B Preferred Unit distributions are paid on a semi-annual basis.
(2)    ETO Series F and G Preferred Unit distributions related to the period ended March 31, 2020 represent a prorated initial distribution. Distributions are paid on a semi-annual basis.
Sunoco LP Cash Distributions
Distributions declared and/or paid by Sunoco LP to its common unitholders subsequent to December 31, 2019 were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2019February 7, 2020February 19, 2020$0.8255 
March 31, 2020May 7, 2020May 19, 20200.8255 
June 30, 2020August 7, 2020August 19, 20200.8255 
September 30, 2020November 6, 2020November 19, 20200.8255 
USAC Cash Distributions
Distributions declared and/or paid by USAC to its common unitholders subsequent to December 31, 2019 were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2019January 27, 2020February 7, 2020$0.5250 
March 31, 2020April 27, 2020May 8, 20200.5250 
June 30, 2020July 31, 2020August 10, 20200.5250 
September 30, 2020October 26, 2020November 6, 20200.5250 
Accumulated Other Comprehensive Income (Loss)
The following table presents the components of AOCI, net of tax:
September 30,
2020
December 31,
2019
Available-for-sale securities
$16 $13 
Foreign currency translation adjustment
(14)
Actuarial loss related to pensions and other postretirement benefits
(10)(25)
Investments in unconsolidated affiliates, net(16)(1)
Total AOCI, net of tax
(24)(11)
Amounts attributable to noncontrolling interest
20 — 
Total AOCI included in partners’ capital, net of tax
$(4)$(11)