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Retirement Benefits Retirement Benefits (Tables)
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Certain of the Partnership’s subsidiaries sponsor pension and/or other postretirement benefit plans that provide benefits to a defined group of retirees. The following table contains information at the dates indicated about the obligations and funded status of pension and other postretirement plans on a combined basis:
December 31, 2023December 31, 2022
Pension BenefitsPension Benefits
Funded PlansUnfunded PlansOther Postretirement BenefitsFunded PlansUnfunded PlansOther Postretirement Benefits
Change in benefit obligation:
Benefit obligation at beginning of period
$22 $19 $148 $50 $26 $195 
Service cost
— — — — — 
Interest cost
Benefits paid, net
(1)(3)(13)(1)(3)(14)
Actuarial gain and other— (3)(8)(3)(38)
Energy Transfer Canada sale— — — (20)(2)— 
Benefit obligation at end of period
23 17 138 22 19 148 
Change in plan assets:
Fair value of plan assets at beginning of period
20 — 259 44 — 311 
Return on plan assets and other
— 29 (4)— (41)
Employer contributions
— — 
Benefits paid, net
(1)— (13)(1)— (14)
Energy Transfer Canada sale— — — (20)— — 
Fair value of plan assets at end of period
22 — 277 20 — 259 
Amount underfunded (overfunded) at end of period
$$17 $(139)$$19 $(111)
Amounts recognized in the consolidated balance sheets consist of:
Non-current assets
$— $— $155 $— $— $127 
Current liabilities
— (3)(2)— (3)(2)
Non-current liabilities
(1)(14)(14)(2)(16)(14)
$(1)$(17)$139 $(2)$(19)$111 
Amounts recognized in accumulated other comprehensive income (pre-tax basis) consist of:
Net actuarial gain (loss)
$— $(2)$(12)$— $(2)$
Prior service credit— — (3)— — (3)
$— $(2)$(15)$— $(2)$
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]
The following table summarizes information at the dates indicated for plans with an accumulated benefit obligation in excess of plan assets:
December 31, 2023December 31, 2022
Pension BenefitsPension Benefits
Funded PlansUnfunded PlansOther Postretirement BenefitsFunded PlansUnfunded PlansOther Postretirement Benefits
Projected benefit obligation$23 $15 N/A$22 $19 N/A
Accumulated benefit obligation23 17 $138 22 19 $148 
Fair value of plan assets22 — 277 20 — 259 
Schedule of Health Care Cost Trend Rates [Table Text Block]
The assumed health care cost trend weighted-average rates used to measure the expected cost of benefits covered by the plans are shown in the following table:
December 31,
 20232022
Health care cost trend rate7.42 %7.48 %
Rate to which the cost trend is assumed to decline (the ultimate trend rate)5.17 %5.18 %
Year that the rate reaches the ultimate trend rate20312030
Fair Value of Plan Assets [Table Text Block]
The fair value of the pension plan assets by asset category at the dates indicated is as follows:
Fair Value Measurements at December 31, 2023
 Fair Value TotalLevel 1Level 2Level 3
Asset Category:    
Cash and cash equivalents$$$— $— 
Mutual funds (1)
20 20 — — 
Total$22 $22 $— $— 
(1)Comprised of approximately 100% equities as of December 31, 2023.
Fair Value Measurements at December 31, 2022
 Fair Value TotalLevel 1Level 2Level 3
Asset Category:    
Cash and cash equivalents$$$— $— 
Mutual funds (1)
18 18 — — 
Total$20 $20 $— $— 
(1)Comprised of approximately 100% equities as of December 31, 2022.
The fair value of other postretirement plan assets by asset category at the dates indicated is as follows:
Fair Value Measurements at December 31, 2023
Fair Value TotalLevel 1Level 2Level 3
Asset category:
Cash and cash equivalents$13 $13 $— $— 
Mutual funds(1)
166 166 — — 
Fixed income securities98 — 98 — 
Total$277 $179 $98 $— 
(1)Primarily composed of market index funds as of December 31, 2023.
Fair Value Measurements at December 31, 2022
Fair Value TotalLevel 1Level 2Level 3
Asset category:
Cash and cash equivalents$19 $19 $— $— 
Mutual funds(1)
146 146 — — 
Fixed income securities94 — 94 — 
Total$259 $165 $94 $— 
(1)Primarily composed of market index funds as of December 31, 2022.
The Level 1 plan assets are valued based on active market quotes. The Level 2 plan assets are valued based on the net asset value per share (or its equivalent) of the investments, which was not determinable through publicly published sources but was calculated consistent with authoritative accounting guidelines.
Schedule of Expected Benefit Payments [Table Text Block]
Benefit Payments
The Partnership’s estimate of expected benefit payments, which reflect expected future service, as appropriate, in each of the next five years and in the aggregate for the five years thereafter are shown in the following table:
Pension Benefits - Funded PlansPension Benefits - Unfunded PlansOther Postretirement Benefits (Gross, Before Medicare Part D)
2024$$$14 
202514 
202613 
202712 
202832 
2029 – 203323 
Schedule of Net Benefit Costs [Table Text Block]
Components of Net Periodic Benefit Cost
December 31, 2023December 31, 2022
Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Net periodic benefit cost:
Service cost$— $— $— $
Interest cost
Expected return on plan assets(1)(12)(2)(11)
Prior service cost amortization— — 19 
Actuarial gain amortization— (1)— — 
Net periodic benefit cost$— $(5)$— $13 
Defined Benefit Plan, Assumptions [Table Text Block]
The weighted-average assumptions used in determining benefit obligations at the dates indicated are shown in the following table:
December 31, 2023December 31, 2022
Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Discount rate2.70 %4.62 %5.00 %2.46 %
The weighted-average assumptions used in determining net periodic benefit cost for the periods presented are shown in the following table:
December 31, 2023December 31, 2022
Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Discount rate2.70 %4.93 %2.70 %2.58 %
Expected return on assets:
Tax exempt accounts7.00 %7.00 %7.00 %7.00 %
Taxable accounts— 4.75 %— 4.75 %