XML 90 R68.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt Obligations (Debt Narrative) (Details)
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CAD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Long-term Debt $ 49,702   $ 51,438  
Unamortized Discounts, Premiums, Fair Value Adjustments and Deferred Debt Issuance Costs $ (1)      
USAC Credit Facility, due 2023 [Member]        
Debt Instrument, Covenant Description The credit facility is also subject to the following financial covenants, including covenants requiring USAC to maintain: •a minimum EBITDA to interest coverage ratio of 2.5 to 1.0, determined as of the last day of each fiscal quarter, with EBITDA and interest expense annualized for the fiscal quarter most recently ended; •a ratio of total secured indebtedness to EBITDA not greater than 3.0 to 1.0 or less than 0.0 to 1.0, determined as of the last day of each fiscal quarter, with EBITDA annualized for the fiscal quarter most recently ended; and•a maximum funded debt to EBITDA ratio, determined as of the last day of each fiscal quarter with EBITDA annualized for the fiscal quarter most recently ended, (i) 5.75 to 1 through the second fiscal quarter of 2022, (ii) 5.5 to 1 from the third quarter of 2022 through the third quarter of 2023, and (iii) 5.25 to 1 thereafter. In addition, USAC may increase the applicable ratio by 0.25 for any fiscal quarter during which a Specified Acquisition (as defined in the Credit Agreement) occurs and the following two fiscal quarters, but in no event shall the maximum ratio exceed 5.5 to 1.0 for any fiscal quarter as a result of such increase.      
Five Year Credit Facility        
Line of Credit Facility, Current Borrowing Capacity $ 5,000      
Letters of Credit Outstanding, Amount 33      
Line of Credit Facility, Remaining Borrowing Capacity $ 2,030      
Line of Credit Facility, Interest Rate at Period End 1.13% 1.13%    
Outstanding borrowings $ 2,940      
Long-term Commercial Paper, Noncurrent $ 1,190      
Sunoco LP Credit Facility        
Debt Instrument, Covenant Description Sunoco LP’s Credit Facility requires Sunoco LP to maintain a Net Leverage Ratio of not more than 5.5 to 1. The maximum Net Leverage Ratio is subject to upwards adjustment of not more than 6.0 to 1 for a period not to exceed three fiscal quarters in the event Sunoco LP engages in certain specified acquisitions of not less than $50 million (as permitted under Sunoco LP’s Credit Facility agreement). The Sunoco LP Credit Facility also requires Sunoco LP to maintain an Interest Coverage Ratio (as defined in the Sunoco LP’s Credit Facility agreement) of not less than 2.25 to 1.      
ET [Member]        
Long-term Debt $ 40,717   42,726  
ET [Member] | ETO Term Loan [Member]        
Outstanding borrowings 0   2,000  
ET [Member] | 4.25% Senior Notes due March 15, 2023 [Member]        
Senior Notes 995   995  
ET [Member] | 5.5% Senior Notes due June 1, 2027 [Member]        
Senior Notes 956   956  
ET [Member] | 5.35% Senior Notes due May 15, 2045 [Member]        
Senior Notes 800   800  
ET [Member] | 3.26% Junior Subordinated Notes due November 1, 2066 [Member]        
Junior Subordinated Notes 546   546  
ET [Member] | 4.25% Senior Notes due April 1, 2024 [Member]        
Senior Notes 500   500  
ET [Member] | 5.875% Senior Notes due April 1, 2022 [Member]        
Senior Notes 0   900  
ET [Member] | 5.875% Senior Notes due January 15, 2024 [Member]        
Senior Notes 1,127   1,127  
ET [Member] | 5.0% Senior Notes due October 1, 2022 [Member]        
Senior Notes [1] 700   700  
ET [Member] | 4.40% Senior Notes due April 2021 [Member]        
Senior Notes [2] 0   600  
ET [Member] | 3.90% Senior Notes due July 15, 2026 [Member]        
Senior Notes 550   550  
ET [Member] | 4.5% Senior Notes due 2024 [Member]        
Senior Notes 750   750  
ET [Member] | 6.25% Senior Notes due 2049 [Member]        
Senior Notes 1,750   1,750  
ET [Member] | 5.25% Senior Notes due 2029 [Member]        
Senior Notes 1,500   1,500  
ET [Member] | 4.20% Senior Notes due 2023 [Member]        
Senior Notes 500   500  
ET [Member] | 4.95% Senior Notes due 2028 [Member]        
Senior Notes 1,000   1,000  
ET [Member] | 5.80% Senior Notes due 2038 [Member]        
Senior Notes 500   500  
ET [Member] | 6.0% Senior Notes due 2048 [Member]        
Senior Notes 1,000   1,000  
ET [Member] | Five Year Credit Facility        
Outstanding borrowings $ 2,937   3,103  
Leverage Ratio Maximum 5.0      
Maximum Leverage Ratio Permitted 5.5      
Supplementary Leverage Ratio 3.07 3.07    
ET [Member] | Minimum [Member] | Five Year Credit Facility        
Line of Credit Facility, Commitment Fee Percentage 0.125%      
ET [Member] | Maximum [Member] | Five Year Credit Facility        
Line of Credit Facility, Commitment Fee Percentage 0.30%      
USA Compression Partners, LP [Member]        
Long-term Debt $ 1,973   1,927  
Outstanding borrowings 516   474  
USA Compression Partners, LP [Member] | 6.875% Senior notes due April 2026 [Member]        
Senior Notes 725   725  
USAC [Member] | USAC Credit Facility, due 2023 [Member]        
Line of Credit Facility, Current Borrowing Capacity 1,100      
Letters of Credit Outstanding, Amount 0      
Line of Credit Facility, Remaining Borrowing Capacity $ 262      
Line of Credit Facility, Interest Rate at Period End 2.68% 2.68%    
Outstanding borrowings $ 516      
Line of Credit Facility, Maximum Borrowing Capacity 1,600      
Panhandle [Member]        
Long-term Debt 243   245  
Panhandle [Member] | 3.26% Junior Subordinated Notes due November 1, 2066 [Member]        
Junior Subordinated Notes 54   54  
Bakken Project [Member]        
Long-term Debt 2,489   2,484  
Bakken Project [Member] | 3.625% Senior Notes due 2022 [Member]        
Senior Notes 650   650  
Bakken Project [Member] | 3.90% Senior Notes due 2024 [Member]        
Senior Notes 1,000   1,000  
Bakken Project [Member] | 4.625% Senior Notes due 2029 [Member]        
Senior Notes 850   850  
Sunoco LP [Member]        
Long-term Debt 3,255   $ 3,112  
Senior Notes Tendered, Percentage     56.00%  
Sunoco LP [Member] | 4.875% senior notes due 2023 [Member]        
Senior Notes 0   $ 436  
Sunoco LP [Member] | 5.500% senior notes due 2026 [Member]        
Senior Notes 0   800  
Sunoco LP [Member] | 5.875% senior notes due 2028 [Member]        
Senior Notes 400   400  
Sunoco LP [Member] | Sunoco LP $1.5 billion Revolving Credit Facility due July 2023 [Member]        
Line of Credit Facility, Current Borrowing Capacity 1,500      
Letters of Credit Outstanding, Amount 6      
Line of Credit Facility, Remaining Borrowing Capacity $ 913      
Line of Credit Facility, Interest Rate at Period End 2.10% 2.10%    
Outstanding borrowings $ 581   0  
Sunoco LP [Member] | 4.50% Senior Notes due 2030        
Senior Notes $ 800      
Debt Instrument, Interest Rate, Stated Percentage 4.50% 4.50%    
Energy Transfer Canada        
Long-term Debt $ 398   318  
Line of Credit Facility, Maximum Borrowing Capacity 197      
Energy Transfer Canada | Energy Transfer Canada Term Loan A        
Line of Credit Facility, Maximum Borrowing Capacity 276      
Energy Transfer Canada | Energy Transfer Canada Revolving Credit Facility        
Line of Credit Facility, Maximum Borrowing Capacity 414      
Energy Transfer Canada | Energy Transfer Canada KAPS Facility        
Outstanding borrowings 142   0  
Long-term Construction Loan 237      
Energy Transfer Canada | Energy Transfer Canada Revolver        
Outstanding borrowings 7   57  
Energy Transfer Canada | Energy Transfer Canada Term Loan        
Outstanding borrowings 249   261  
4.5% Senior Notes due 2029        
Senior Notes     $ 800  
Debt Instrument, Interest Rate, Stated Percentage     4.50%  
4.875% senior notes due 2023 [Member]        
Senior Notes     $ 1,000  
Debt Instrument, Interest Rate, Stated Percentage     4.875%  
SemGroup [Member]        
Senior Notes       $ 1,375
Long-term Debt 224   $ 223  
Accordion feature [Member] | Five Year Credit Facility        
Line of Credit Facility, Current Borrowing Capacity 6,000      
Accordion feature [Member] | USAC [Member] | USAC Credit Facility, due 2023 [Member]        
Line of Credit Facility, Maximum Borrowing Capacity $ 200      
Eurodollar [Member] | ET [Member] | Minimum [Member] | Five Year Credit Facility        
Debt Instrument, Basis Spread on Variable Rate 1.125%      
Eurodollar [Member] | ET [Member] | Maximum [Member] | Five Year Credit Facility        
Debt Instrument, Basis Spread on Variable Rate 2.00%      
Base Rate | ET [Member] | Minimum [Member] | Five Year Credit Facility        
Debt Instrument, Basis Spread on Variable Rate 0.125%      
Base Rate | ET [Member] | Maximum [Member] | Five Year Credit Facility        
Debt Instrument, Basis Spread on Variable Rate 1.00%      
Canada, Dollars | Energy Transfer Canada        
Line of Credit Facility, Maximum Borrowing Capacity   $ 250    
Canada, Dollars | Energy Transfer Canada | Energy Transfer Canada Term Loan A        
Line of Credit Facility, Maximum Borrowing Capacity   350    
Canada, Dollars | Energy Transfer Canada | Energy Transfer Canada Revolving Credit Facility        
Line of Credit Facility, Maximum Borrowing Capacity   525    
Canada, Dollars | Energy Transfer Canada | Energy Transfer Canada KAPS Facility        
Long-term Construction Loan   $ 300    
Canada, Dollars | SemGroup [Member] | Energy Transfer Canada KAPS Facility        
Outstanding borrowings $ 179      
Canada, Dollars | SemGroup [Member] | Energy Transfer Canada Revolver        
Outstanding borrowings 9      
Canada, Dollars | SemGroup [Member] | Energy Transfer Canada Term Loan        
Outstanding borrowings $ 315      
[1] As of December 31, 2021, these notes were classified as long-term as management had the intent and ability to refinance the borrowings on a long-term basis. The $300 million principal amount of 4.65% Senior Notes were redeemed in February 2022 using proceeds from Energy Transfer’s Five-Year Credit Facility.
[2] These notes were redeemed in 2021.