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Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Change In ETE Common Units
The change in Energy Transfer Common Units during the years ended December 31, 2023, 2022 and 2021 was as follows:
 Years Ended December 31,
 202320222021
Number of Common Units, beginning of period3,094.4 3,082.5 2,702.4 
Common Units issued in mergers and acquisitions (1)
260.2 — 374.6 
Common Units repurchased— — (4.2)
Issuance of Common Units (2)
12.9 11.9 9.7 
Number of Common Units, end of period3,367.5 3,094.4 3,082.5 
(1)Common units issued related to our acquisitions of Crestwood and Lotus Midstream in 2023 and of Enable in 2021.
(2)Includes common units issued in connection with the distribution reinvestment program and restricted unit vestings.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the components of AOCI, net of tax:
 December 31,
 20232022
Available-for-sale securities$13 $9 
Foreign currency translation adjustment(5)1 
Actuarial gain (loss) related to pensions and other postretirement benefits6 (7)
Investments in unconsolidated affiliates, net14 13 
Total AOCI, net of tax$28 $16 
The following table sets forth the tax amounts included in the respective components of other comprehensive income:
 December 31,
 20232022
Available-for-sale securities$(3)$1 
Foreign currency translation adjustment6 6 
Actuarial loss relating to pension and other postretirement benefits— 1 
Total$3 $8 
Schedule of Preferred Units
The following table summarizes changes in the Energy Transfer Preferred Units:
Preferred Unitholders
Series ASeries BSeries CSeries DSeries ESeries FSeries GSeries HSeries ITotal
Balance, December 31, 2020$— $— $— $— $— $— $— $— $— $— 
Preferred units conversion (1)
943 547 440 434 786 504 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, 2021958 556 440 434 786 496 1,488 893 — 6,051 
Distributions to partners(59)(36)(33)(34)(61)(34)(106)(59)— (422)
Net income59 36 33 34 61 34 106 59 — 422 
Balance, December 31, 2022958 556 440 434 786 496 1,488 893 — 6,051 
Distributions to partners(96)(36)(40)(36)(61)(34)(106)(59)— (468)
Units issued in Crestwood acquisition— — — — — — — — 413 413 
Net income86 36 38 37 61 34 106 59 6 463 
Balance, December 31, 2023$948 $556 $438 $435 $786 $496 $1,488 $893 $419 $6,459 
(1)In connection with the Rollup Mergers on April 1, 2021, as discussed in Note 1, all of ETO’s previously outstanding preferred units were converted to Energy Transfer Preferred Units with identical distribution and redemption rights.
Variable Rate Terms [Member]  
Schedule of Preferred Units
Distributions on the Energy Transfer Series B Preferred Units and Series E Preferred Units are scheduled to begin accruing at a floating rate as follows:
Beginning of floating rate periodApplicable SpreadTenor spread adjustmentFloating rate
Series B Preferred UnitsFebruary 15, 20284.155 %0.26161 %Three-month SOFR
Series E Preferred UnitsMay 15, 20245.161 %0.26161 %Three-month SOFR
As discussed above, the Partnership expects to redeem the Series E Preferred Units at the beginning of the floating rate period on May 15, 2024.
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, 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 
March 31, 2022May 9, 2022May 19, 20220.8255 
June 30, 2022August 8, 2022August 19, 20220.8255 
September 30, 2022November 4, 2022November 18, 20220.8255 
December 31, 2022February 7, 2023February 21, 20230.8255 
March 31, 2023May 8, 2023May 22, 20230.8420 
June 30, 2023August 14, 2023August 21, 20230.8420 
September 30, 2023October 30, 2023November 20, 20230.8420 
December 31, 2023February 7, 2024February 20, 20240.8420 
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, 2023, USAC had approximately 101.0 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 were as follows:
Quarter EndedRecord DatePayment DateRate
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 
March 31, 2022April 25, 2022May 6, 20220.5250 
June 30, 2022July 25, 2022August 5, 20220.5250 
September 30, 2022October 24, 2022November 4, 20220.5250 
December 31, 2022January 23, 2023February 3, 20230.5250 
March 31, 2023April 24, 2023May 5, 20230.5250 
June 30, 2023July 24, 2023August 4, 20230.5250 
September 30, 2023October 23, 2023November 3, 20230.5250 
December 31, 2023January 22, 2024February 2, 20240.5250 
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, 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 
March 31, 2022May 9, 2022May 19, 20220.2000 
June 30, 2022August 8, 2022August 19, 20220.2300 
September 30, 2022November 4, 2022November 21, 20220.2650 
December 31, 2022February 7, 2023February 21, 20230.3050 
March 31, 2023May 8, 2023May 22, 20230.3075 
June 30, 2023August 14, 2023August 21, 20230.3100 
September 30, 2023October 30, 2023November 20, 20230.3125 
December 31, 2023February 7, 2024February 20, 20240.3150 
Preferred Units [Member]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
Distributions on Energy Transfer’s 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)
Series I
March 31, 2021May 3, 2021May 17, 2021$—$—$0.4609$0.4766$0.4750$33.7500$35.63$—$—
June 30, 2021August 2, 2021August 16, 202131.2533.1250.46090.47660.4750————
September 30, 2021November 1, 2021November 15, 2021——0.46090.47660.475033.750035.6327.08*—
December 31, 2021February 1, 2022February 15, 202231.2533.1250.46090.47660.4750————
March 31, 2022May 2, 2022May 16, 2022——0.46090.47660.475033.750035.6332.50—
June 30, 2022August 1, 2022August 15, 202231.2533.1250.46090.47660.4750————
September 30, 2022November 1, 2022November 15, 2022——0.46090.47660.475033.750035.6332.50—
December 31, 2022February 1, 2023February 15, 202331.2533.1250.46090.47660.4750————
March 31, 2023May 1, 2023May 15, 202321.98—0.46090.47660.475033.750035.6332.50—
June 30, 2023August 1, 2023August 15, 202323.8933.1250.62940.47660.4750————
September 30, 2023November 1, 2023November 15, 202324.67—0.64890.66220.475033.750035.6332.50—
December 31, 2023February 1, 2024February 15, 202424.7133.1250.60750.61990.4750———0.2111
*    Represents prorated initial distribution.
(1)    Series B, Series F, Series G and Series H distributions are currently paid on a semi-annual basis. Pursuant to their terms, distributions on the Series A preferred units began to be paid quarterly on February 15, 2023, and distributions on the Series B preferred units will begin to be paid quarterly on February 15, 2028.