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Equity (Tables)
12 Months Ended
Dec. 31, 2021
Change In ETE Common Units
The change in Energy Transfer Common Units during the years ended December 31, 2021, 2020 and 2019 was as follows:
 Years Ended December 31,
 202120202019
Number of Common Units, beginning of period2,702.4 2,689.6 2,619.4 
Common Units issued in mergers and acquisitions (1)
374.6 — 57.6 
Common Units repurchased(4.2)— (1.9)
Issuance of Common Units (2)
9.7 12.8 14.5 
Number of Common Units, end of period3,082.5 2,702.4 2,689.6 
Accumulated Other Comprehensive Income (Loss)
The following table presents the components of AOCI, net of tax:
 December 31,
 20212020
Available-for-sale securities$19 $18 
Foreign currency translation adjustment13 
Actuarial gain (loss) related to pensions and other postretirement benefits(7)
Investments in unconsolidated affiliates, net(11)(14)
Total AOCI, net of tax26 
Amounts attributable to noncontrolling interests(3)
Total AOCI included in partners’ capital, net of tax$23 $
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The table below sets forth the tax amounts included in the respective components of other comprehensive income:
 December 31,
 20212020
Available-for-sale securities$(1)$(1)
Foreign currency translation adjustment
Actuarial loss relating to pension and other postretirement benefits
Total$$10 
Schedule of Preferred Units
The following table summarizes changes in the Energy Transfer Preferred Units:
Preferred Unitholders
Series ASeries BSeries CSeries DSeries ESeries FSeries GSeries HTotal
Balance, December 31, 2020$— $— $— $— $— $— $— $— $— 
Preferred units conversion943 547 440 434 786 504 1,114 — 4,768 
Units issued for cash— — — — — — — 889 889 
Distributions to partners(30)(18)(25)(25)(45)(34)(79)(24)(280)
Units issued in Enable Acquisition— — — — — — 392 — 392 
Other, net— — — — — — — (3)(3)
Net income45 27 25 25 45 26 61 31 285 
Balance, December 31, 2021$958 $556 $440 $434 $786 $496 $1,488 $893 $6,051 
Sunoco LP [Member]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
Distributions on Sunoco LP’s units declared and/or paid by Sunoco LP were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2018February 6, 2019February 14, 2019$0.8255 
March 31, 2019May 7, 2019May 15, 20190.8255 
June 30, 2019August 6, 2019August 14, 20190.8255 
September 30, 2019November 5, 2019November 19, 20190.8255 
December 31, 2019February 7, 2020February 19, 20200.8255 
March 31, 2020May 7, 2020May 19, 20200.8255 
June 30, 2020August 7, 2020August 19, 20200.8255 
September 30, 2020November 6, 2020November 19, 20200.8255 
December 31, 2020February 8, 2021February 19, 20210.8255 
March 31, 2021May 11, 2021May 19, 20210.8255 
June 30, 2021August 6, 2021August 19, 20210.8255 
September 30, 2021November 5, 2021November 19, 20210.8255 
December 31, 2021February 8, 2022February 18, 20220.8255 
Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution [Table Text Block] The following table illustrates the percentage allocations of available cash from operating surplus between Sunoco LP’s common unitholders and the holder of its IDRs based on the specified target distribution levels, after the payment of distributions to Class C unitholders. The amounts set forth under “marginal percentage interest in distributions” are the
percentage interests of the IDR holder and the common unitholders in any available cash from operating surplus which Sunoco LP distributes up to and including the corresponding amount in the column “total quarterly distribution per unit target amount.” The percentage interests shown for common unitholders and IDR holder for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution.
Marginal Percentage Interest in Distributions
Total Quarterly Distribution Target AmountCommon UnitholdersHolder of IDRs
Minimum Quarterly Distribution $0.4375100%—%
First Target Distribution$0.4375 to $0.503125100%—%
Second Target Distribution$0.503125 to $0.54687585%15%
Third Target Distribution$0.546875 to $0.65625075%25%
ThereafterAbove $0.65625050%50%
USAC [Member]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
USAC Cash Distributions
Energy Transfer owns approximately 46.1 million USAC common units. As of December 31, 2021, USAC had approximately 97.3 million common units outstanding. USAC currently has a non-economic general partner interest and no outstanding IDRs.
Distributions on USAC’s units declared and/or paid by USAC subsequent to the USAC transaction on April 2, 2018 were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2018January 28, 2019February 8, 2019$0.5250 
March 31, 2019April 29, 2019May 10, 20190.5250 
June 30, 2019July 29, 2019August 9, 20190.5250 
September 30, 2019October 28, 2019November 8, 20190.5250 
December 31, 2019January 27, 2020February 7, 20200.5250 
March 31, 2020April 27, 2020May 8, 20200.5250 
June 30, 2020July 31, 2020August 10, 20200.5250 
September 30, 2020October 26, 2020November 6, 20200.5250 
December 31, 2020January 25, 2021February 5, 20210.5250 
March 31, 2021April 26, 2021May 7, 20210.5250 
June 30, 2021July 26, 2021August 6, 20210.5250 
September 30, 2021October 25, 2021November 5, 20210.5250 
December 31, 2021January 24, 2022February 4, 20220.5250 
ET [Member]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
Our distributions declared and paid with respect to our common units were as follows:
Quarter EndedRecord DatePayment DateRate
December 31, 2018February 8, 2019February 19, 2019$0.3050 
March 31, 2019May 7, 2019May 20, 20190.3050 
June 30, 2019August 6, 2019August 19, 20190.3050 
September 30, 2019November 5, 2019November 19, 20190.3050 
December 31, 2019February 7, 2020February 19, 20200.3050 
March 31, 2020May 7, 2020May 19, 20200.3050 
June 30, 2020August 7, 2020August 19, 20200.3050 
September 30, 2020November 6, 2020November 19, 20200.1525 
December 31, 2020February 8, 2021February 19, 20210.1525 
March 31, 2021May 11, 2021May 19, 20210.1525 
June 30, 2021August 6, 2021August 19, 20210.1525 
September 30, 2021November 5, 2021November 19, 20210.1525 
December 31, 2021February 8, 2022February 18, 20220.1750 
Preferred Units [Member]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
Distributions on Energy Transfer’s Series A, Series B, Series C, Series D, Series E, Series F, Series G and Series H preferred units declared and/or paid by Energy Transfer were as follows:
Period EndedRecord DatePayment Date
Series A (1)
Series B (1)
Series CSeries DSeries E
Series F (1)
Series G (1)
Series H (1)
March 31, 2021May 3, 2021May 17, 2021$—$—$0.4609$0.4766$0.4750$33.7500$35.63$—
June 30, 2021August 2, 2021August 16, 202131.2533.130.46090.47660.4750— 
September 30, 2021November 1, 2021November 15, 20210.46090.47660.475033.750035.6327.08 *
December 31, 2021February 1, 2022February 15, 202231.2533.130.46090.47660.4750— 
*    Represents prorated initial distribution.
(1)    Series A, Series B, Series F, Series G and Series H distributions are paid on a semi-annual basis.