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Revenue (Tables) | 9 Months Ended
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Sep. 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 |
Additions | 902 |
Revenue recognized | (932) |
Balance, September 30, 2024 | $ | 719 |
Balance, December 31, 2022 | $ | 615 |
Additions | 794 |
Revenue recognized | (836) |
Balance, September 30, 2023 | $ | 573 |
The balances of Sunoco LP’s contract assets and contract liabilities were as follows:
| September 30, 2024 |  | December 31, 2023 |  |
Contract assets | $ | 284 |  |  | $ | 256 |  |  |
Accounts receivable from contracts with customers | 775 |  |  | 809 |  |  |
Contract liabilities | 44 |  |  | — |  |  |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | As of September 30, 2024, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations was $38.54 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) |  | 2025 |  | 2026 |  | Thereafter |  | Total
Revenue expected to be recognized on contracts with customers existing as of September 30, 2024 |  | $ | 2,086 |  |  | $ | 7,189 |  |  | $ | 6,644 |  |  | $ | 22,617 |  |  | $ | 38,536 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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