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Revenue (Tables)
9 Months Ended
Sep. 30, 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$308 
Additions611 
Revenue recognized(512)
Balance, September 30, 2021$407 
Balance, December 31, 2019$377 
Additions598 
Revenue recognized(614)
Balance, September 30, 2020$361 
The balances of Sunoco LP’s contract assets were as follows:
September 30,
2021
December 31,
2020
Contract balances:
Contract assets
$148 $121 
Accounts receivable from contracts with customers
473 256 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of September 30, 2021, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations was $40.13 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 September 30, 2021$1,662 $6,010 $5,504 $26,950 $40,126