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Revenue (Tables)
9 Months Ended
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 
Additions902 
Revenue recognized(932)
Balance, September 30, 2024$719 
Balance, December 31, 2022$615 
Additions794 
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 customers775 809 
Contract liabilities44 — 
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)20252026ThereafterTotal
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