XML 57 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Acquisitions and Related Transactions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Nustar Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the assumed allocation of the purchase price among the assets acquired and liabilities assumed:
| At May 3, 2024
Total current assets | $ | 186 |
Property, plant and equipment, net | 6,958 |
Lease right-of-use assets, net | 136 |
Goodwill (1) | 16 |
Intangible assets, net (2) | 195 |
Other non-current assets | 127 |
Total assets | 7,618 |
Total current liabilities | 245 |
Long-term debt, less current maturities (3) | 3,500 |
Non-current operating lease liabilities | 136 |
Deferred income taxes | 4 |
Other non-current liabilities | 82 |
Total liabilities | 3,967 |
Preferred units (3) | 801 |
Total consideration | 2,850 |
Cash received | 27 |
Total consideration, net of cash received | $ | 2,823 |
(1)Goodwill primarily represents expected commercial and operational synergies. None of the goodwill recorded as a result of this transaction is deductible for tax purposes. (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. (3)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.
Lotus Midstream Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the allocation of the purchase price among the assets acquired and liabilities assumed:
| At May 2, 2023
Total current assets | $ | 61 |
Property, plant and equipment, net | 1,263 |
Investments in unconsolidated affiliates | 138 |
Lease right-of-use assets, net | 10 |
Other non-current assets | 4 |
Intangible assets, net | 75 |
Total assets | 1,551 |
Total current liabilities | 27 |
Other non-current liabilities | 16 |
Total liabilities | 43 |
Total consideration | 1,508 |
Cash received | 4 |
Total consideration, net of cash received | $ | 1,504 |
Crestwood Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the assumed allocation of the purchase price among the assets acquired and liabilities assumed:
| At November 3, 2023
Total current assets | $ | 657 |
Property, plant and equipment, net | 4,772 |
Investments in unconsolidated affiliates | 95 |
Lease right-of-use assets, net | 27 |
Other non-current assets | 12 |
Intangible assets, net | 1,139 |
Goodwill | 1,455 |
Total assets | 8,157 |
Total current liabilities | 445 |
Long-term debt, less current maturities | 3,461 |
Other non-current liabilities | 322 |
Total liabilities | 4,228 |
Noncontrolling interests | 272 |
Total consideration | 3,657 |
Cash received | 12 |
Total consideration, net of cash received | $ | 3,645 |
WTG Midstream |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the assumed allocation of the purchase price among the assets acquired and liabilities assumed:
| At July 15, 2024
Total current assets | $ | 334 |
Property, plant and equipment, net | 3,109 |
Lease right-of-use assets, net | 8 |
Intangible assets, net | 20 |
Total assets | 3,471 |
Total current liabilities | 394 |
Non-current operating lease liabilities | 5 |
Other non-current liabilities | 20 |
Total liabilities | 419 |
Total consideration | 3,052 |
Cash received | 45 |
Total consideration, net of cash received | $ | 3,007 |

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=et_NustarAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=et_LotusMidstreamAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=et_CrestwoodAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=et_WTGMidstreamMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |