XML 55 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Acquisitions and Divestitures (Details)
€ in Millions, $ in Millions
 2 Months Ended 3 Months Ended 6 Months Ended
Jul. 16, 2024
Rate
Jul. 15, 2024
USD ($)
shares
May 03, 2024
USD ($)
conversionRatioOfUnitsInAcquisition
terminal
mi
shares
Apr. 16, 2024
USD ($)
convenienceStore
Mar. 13, 2024
USD ($)
Mar. 13, 2024
EUR (€)
Jun. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Business Acquisition [Line Items]                        
Non-current operating lease liabilities             $ 750 $ 750   $ 750   $ 778
Gain on sale of Sunoco LP West Texas assets               598 $ 0 598 $ 0  
Income tax expense               227 $ 108 316 $ 179  
Sunoco LP [Member] | 7-Eleven                        
Business Acquisition [Line Items]                        
Business Combination, Consideration Transferred       $ 1,000                
Number of Units in Real Estate Property | convenienceStore       204                
Nustar                        
Business Acquisition [Line Items]                        
Proceeds from (Repurchase of) Redeemable Preferred Stock             784          
Repayments of Lines of Credit             $ 455 $ 455        
Sunoco [Member] | 7-Eleven                        
Business Acquisition [Line Items]                        
Income tax expense                   199    
Deferred Federal Income Tax Expense (Benefit)                   (62)    
Sunoco [Member] | 7-Eleven | Net of current tax expense                        
Business Acquisition [Line Items]                        
Gain on sale of Sunoco LP West Texas assets                   461    
Subsequent Event | Permian Joint Venture                        
Business Acquisition [Line Items]                        
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | Rate 67.50%                      
Subsequent Event | Sunoco LP [Member] | Permian Joint Venture                        
Business Acquisition [Line Items]                        
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | Rate 32.50%                      
Zenith Energy | Sunoco LP [Member]                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other         $ 6              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities         14              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities         11              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other         43              
Goodwill, Acquired During Period         7              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets         36              
Business Combination, Consideration Transferred         185 € 170            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment [Abstract]         $ 204              
Nustar Acquisition                        
Business Acquisition [Line Items]                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities     $ 245                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities     4                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other     82                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities     3,967                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities [1]     801                  
Goodwill, Acquired During Period [2]     16                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt [1]     3,500                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets     127                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets     7,618                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets     186                  
Operating Lease, Right-of-Use Asset     136                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2]     195                  
Non-current operating lease liabilities     136                  
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net     2,850                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents     27                  
Business Combination, Consideration Transferred     2,823                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment [Abstract]     6,958                  
Impairment of Real Estate                   $ 50    
Finite-Lived Customer Relationships, Gross     44                  
Finite-Lived Contractual Rights, Gross     $ 151                  
Nustar Acquisition | Contractual Rights                        
Business Acquisition [Line Items]                        
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life     7 years                  
Nustar Acquisition | Customer Relationships                        
Business Acquisition [Line Items]                        
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life     15 years                  
Nustar Acquisition | Sunoco LP [Member]                        
Business Acquisition [Line Items]                        
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned     $ 2,850                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt     $ 3,500                  
Business Acquisition, Equity Interest Issued or Issuable, Conversion Ratio of Shares | conversionRatioOfUnitsInAcquisition     0.400                  
Proceeds from (Repurchase of) Redeemable Preferred Stock     $ (800)                  
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares     51,500,000                  
Finance Lease, Liability     $ 56                  
Nustar Acquisition | Miles of pipeline | Sunoco LP [Member]                        
Business Acquisition [Line Items]                        
Number of Units in Real Estate Property | mi     9,500                  
Nustar Acquisition | Terminal and storage facilities | Sunoco LP [Member]                        
Business Acquisition [Line Items]                        
Number of Units in Real Estate Property | terminal     63                  
WTG Midstream | Subsequent Event                        
Business Acquisition [Line Items]                        
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned   $ 830                    
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares   50,800,000                    
Payments to Acquire Businesses, Gross   $ 2,280                    
Business Combination, Reason for Business Combination   The acquired assets add approximately 6,000 miles of complementary gas gathering pipelines that extend Energy Transfer’s network in the Midland Basin. Also, as part of the transaction, the Partnership added eight gas processing plants with a total capacity of approximately 1.3 Bcf/d, and two additional processing plants that were under construction at closing. Since closing the transaction, one of these 200 MMcf/d processing plants was placed into service.                    
Permian Joint Venture                        
Business Acquisition [Line Items]                        
Business Combination, Reason for Business Combination                   The joint venture operates more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels.    
[1] Subsequent to the closing of the NuStar acquisition, Sunoco LP redeemed all outstanding NuStar preferred units totaling $784 million, redeemed NuStar’s subordinated notes totaling $403 million and repaid the outstanding balance on the NuStar credit facility totaling $455 million.
[2] Intangible assets, net comprised of $151 million of favorable contracts, with a remaining weighted average life of approximately 7 years, and $44 million of customer relationships, with a remaining weighted average life of approximately 15 years.