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Inventories | 3 Months Ended
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Mar. 31, 2025
Inventory, Net [Abstract] |
Inventories | INVENTORIES Inventories consisted of the following:
| March 31, 2025 |  | December 31, 2024
Natural gas, NGLs and refined products | $ | 1,834 |  |  | $ | 1,989 |
Crude oil | 292 |  |  | 400 |
Spare parts and other | 661 |  |  | 681 |
Total inventories | $ | 2,787 |  |  | $ | 3,070 |
Sunoco LP’s fuel inventories are stated at the lower of cost or market using the LIFO method. As of March 31, 2025 and December 31, 2024, Sunoco LP’s fuel inventory balance included lower of cost or market reserves of $255 million and $316 million, respectively. For the three months ended March 31, 2025 and 2024, the Partnership’s consolidated income statements did not include any material amounts of income from the liquidation of Sunoco LP’s LIFO fuel inventory. For the three months ended March 31, 2025 and 2024, the Partnership’s cost of products sold included favorable inventory valuation adjustments of $61 million and $130 million, respectively, w

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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- References No definition available. + Details
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