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Acquisitions and Related Transactions (Tables)

12 Months Ended

Dec. 31, 2021

SemGroup [Member]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

During the first and second quarters of 2020, Energy Transfer contributed former SemGroup assets to ETO through sale and contribution transactions. The following table represents the fair value, as of December 5, 2019, of the SemGroup assets and liabilities transferred from Energy Transfer to ETO:

			At December 5, 2019
Total current assets			$	794
Property, plant and equipment			3,891
Other non-current assets			617
Goodwill			295
Intangible assets			460
Total assets			$	6,057
Total current liabilities			$	629
Long-term debt, less current maturities (1)			2,576
Other non-current liabilities			197
Energy Transfer Canada Preferred shares			241
Total liabilities			3,643
Noncontrolling interest			822
Partners’ capital			1,592
Total liabilities and partners’ capital			$	6,057

(1)Long-term debt at December 5, 2019 includes SemGroup senior notes with an aggregate principal amount of $1.375 billion and SemGroup subsidiary debt of $593 million, all of which was redeemed in December 2019, subsequent to the close of the SemGroup Transaction.

During 2020, the Partnership has recorded impairments on certain of the contributed SemGroup assets. Those impairments include a $244 million impairment of goodwill and a $129 million impairment of other non-current assets.

Enable

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the assumed allocation of the purchase price among the assets acquired and liabilities assumed:

			At December 2, 2021
Total current assets			$	593
Property, plant and equipment, net			7,076
Investments in unconsolidated affiliates			40
Other non-current assets			39
Intangible assets, net			440
Goodwill			138
Total assets			8,326
Total current liabilities			488
Long-term debt, less current maturities(1)			4,267
Other non-current liabilities			18
Total liabilities			4,773
Noncontrolling interests			34
Total consideration			3,519
Cash received			61
Total consideration			$	3,458

(1)Long-term debt at December 2, 2021 includes Enable senior notes with an aggregate principal amount of $3.18 billion in senior notes and a fair value of $3.43 billion. It also includes $800 million outstanding on the Enable 2019 Term Loan Agreement and $35 million outstanding on the Enable Five-Year Revolving Credit Facility, both of which were repaid and terminated in December 2021, immediately subsequent to the close of the Enable Acquisition.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

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