XML 51 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenue (Tables)
6 Months Ended
Jun. 30, 2024
Revenue [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2023$749 
Additions668 
Revenue recognized(629)
Balance, June 30, 2024$788 
Balance, December 31, 2022$615 
Additions522 
Revenue recognized(564)
Balance, June 30, 2023$573 
The balances of Sunoco LP’s contract assets and contract liabilities were as follows:
June 30,
2024
December 31,
2023
Contract assets$276 $256 
Accounts receivable from contracts with customers879 809 
Contract liabilities81 — 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of June 30, 2024, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations was $38.32 billion. The Partnership expects to recognize this amount as revenue within the time bands illustrated in the following table:
Years Ending December 31,
2024
(remainder)20252026ThereafterTotal
Revenue expected to be recognized on contracts with customers existing as of June 30, 2024$3,989 $7,100 $6,200 $21,035 $38,324