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Revenue (Tables)
3 Months Ended
Mar. 31, 2021
Revenue [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2020$290 
Additions
249 
Revenue recognized
(165)
Balance, March 31, 2021$374 
Balance, December 31, 2019$365 
Additions
170 
Revenue recognized
(196)
Balance, March 31, 2020$339 
The balances of Sunoco LP’s contract assets were as follows:
March 31,
2021
December 31,
2020
Contract balances:
Contract assets
$134 $121 
Accounts receivable from contracts with customers
324 256 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of March 31, 2021, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations is $40.32 billion, and the Partnership expects to recognize this amount as revenue within the time bands illustrated below:
Years Ending December 31,
2021
(remainder)20222023ThereafterTotal
Revenue expected to be recognized on contracts with customers existing as of March 31, 2021$4,673 $5,621 $5,094 $24,935 $40,323