XML 24 R9.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Cash And Cash Equivalents

6 Months Ended

Jun. 30, 2024

Supplemental Cash Flow Information [Abstract]

Cash and Cash Equivalents Disclosure

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include all cash on hand, demand deposits and investments with original maturities of three months or less. We consider cash equivalents to include short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. The Partnership’s consolidated balance sheets did not include any material amounts of restricted cash as of June 30, 2024 or December 31, 2023.

We place our cash deposits and temporary cash investments with high credit quality financial institutions. At times, our cash and cash equivalents may be uninsured or in deposit accounts that exceed the Federal Deposit Insurance Corporation insurance limit.

The net change in operating assets and liabilities, net of effects of acquisitions and divestitures, included in cash flows from operating activities is comprised as follows:

			Six Months Ended June 30,
			2024						2023
Accounts receivable			$	(399)					$	1,192
Accounts receivable from related companies			(6)						(23)
Inventories			(92)						166
Other current assets			152						200
Other non-current assets, net			(20)						(108)
Accounts payable			658						(761)
Accounts payable to related companies			(18)						31
Accrued and other current liabilities			194						212
Other non-current liabilities			(89)						2
Derivative assets and liabilities, net			40						(24)
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures			$	420					$	887

Non-cash investing and financing activities were as follows:

			Six Months Ended June 30,
			2024						2023
Accrued capital expenditures			$	439					$	339
Lease assets obtained in exchange for new lease liabilities			35						13
Distribution reinvestment			43						48
USAC exercise and conversion of preferred units into common units			301						—
USAC government securities transferred in connection with the legal defeasance of USAC senior notes due 2026			749						—
Legal defeasance of USAC senior notes due 2026			725						—
Sunoco LP common units (noncontrolling interest) issued in connection with the NuStar acquisition			2,850						—

X

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Name:	us-gaap_CashAndCashEquivalentsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SupplementalCashFlowInformationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration