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Acquisitions and Related Transactions
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combination Disclosure ACQUISITIONS
Lotus Midstream Acquisition
On May 2, 2023, Energy Transfer acquired Lotus Midstream Operations, LLC (“Lotus Midstream”) for total consideration of $1.50 billion, including working capital. Consideration included $930 million in cash and approximately 44.5 million newly issued Energy Transfer common units, which had an aggregate acquisition-date fair value of $574 million. Lotus Midstream owns and operates Centurion Pipeline Company LLC, an integrated crude midstream platform located in the Permian Basin.
The following table summarizes the assumed allocation of the purchase price among the assets acquired and liabilities assumed:
At May 2, 2023
Total current assets$61 
Property, plant and equipment, net1,263 
Investments in unconsolidated affiliates138 
Lease right-of-use assets, net10 
Other non-current assets4 
Intangible assets, net75 
Total assets1,551 
Total current liabilities27 
Other non-current liabilities16 
Total liabilities43 
Total consideration1,508 
Cash received4 
Total consideration, net of cash received$1,504 
Sunoco LP’s Acquisition
On May 1, 2023, Sunoco LP completed the acquisition of 16 refined product terminals located across the East Coast and Midwest from Zenith Energy for $111 million, including working capital. The purchase price was primarily allocated to property and equipment.