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Discontinued Operations (Notes) | 3 Months Ended
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Mar. 31, 2018
Discontinued Operations [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations On January 23, 2018, we completed the disposition of assets pursuant to the Amended and Restated Asset Purchase Agreement entered by and among Sellers, Buyers and certain other named parties for the limited purposes set forth therein, pursuant to which the parties agreed to amend and restate the Purchase Agreement to reflect commercial agreements and updates made by the parties in connection with consummation of the transactions contemplated by the Purchase Agreement. Subsequent to the closing of the 7-Eleven Transaction, previously eliminated wholesale motor fuel sales to the Partnership's retail locations are reported as wholesale motor fuel sales to third parties. Also, the related accounts receivable from such sales are no longer eliminated from the consolidated balance sheets and are reported as accounts receivable. In connection with the closing of the transactions contemplated by the Purchase Agreement, we entered into a Distributor Motor Fuel Agreement dated as of January 23, 2018 (the “Supply Agreement”), with 7-Eleven and SEI Fuel. The Supply Agreement consists of a 15-year take-or-pay fuel supply arrangement under which we have agreed to supply approximately 2.0 billion gallons of fuel annually plus additional aggregate growth volumes of up to 500 million gallons to be added incrementally over the first four years. For the period from January 1, 2018 through January 22, 2018 and the three months ended March 31, 2017, we recorded sales to the sites that were subsequently sold to 7-Eleven of $199 million and $705 million, respectively, that were eliminated in consolidation. We recorded payments on trade receivables from 7-Eleven of $612 million in first quarter of 2018 subsequent to the closing of the sale. On January 18, 2017, with the assistance of a third-party brokerage firm, we launched a portfolio optimization plan to market and sell 97 real estate assets. Real estate assets included in this process are company-owned locations, undeveloped greenfield sites and other excess real estate. Properties are located in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. The properties will be sold through a sealed-bid sale. Of the 97 properties, 47 have been sold, one is under contract to be sold and eight continue to be marketed by the third-party brokerage firm. Additionally, 32 were sold to 7-Eleven and nine are part of the approximately 207 retail sites located in certain West Texas, Oklahoma and New Mexico markets which will be operated by a commission agent. The Partnership has concluded that it meets the accounting requirements for reporting the financial position, results of operations and cash flows of the Retail Divestment as discontinued operations. See Note 1 for further information regarding the Retail Divestment. The following tables present the aggregate carrying amounts of assets and liabilities classified as held for sale in the Consolidated Balance Sheets:
|  | March 31, 2018 |  | December 31, 2017
|  | (in millions)
Carrying amount of assets held for sale: |  |  |  |
Cash |  | $ | — |  |  | $ | 21 |
Inventories |  | — |  |  | 149 |
Other current assets |  | — |  |  | 16 |
Property and equipment, net |  | 6 |  |  | 1,851 |
Goodwill |  | — |  |  | 796 |
Intangible assets, net |  | — |  |  | 477 |
Other noncurrent assets |  | — |  |  | 3 |
Total assets held for sale |  | $ | 6 |  |  | $ | 3,313 |
Carrying amount of liabilities associated with assets held for sale: |  |  |  |
Long term debt |  | $ | — |  |  | $ | 21 |
Other current and noncurrent liabilities |  | — |  |  | 54 |
Total liabilities associated with assets held for sale |  | $ | — |  |  | $ | 75 |
Upon the classification of assets and related liabilities as held for sale, Sunoco LP’s management applied the measurement guidance in ASC 360, Property, Plant and Equipment, to calculate the fair value less cost to sell of the disposal group. In accordance with ASC 360-10-35-39, management first tested the goodwill included within the disposal group for impairment prior to measuring the disposal group’s fair value less the cost to sell. In the determination of the classification of assets held for sale and the related liabilities, management allocated a portion of the goodwill balance previously included in the Sunoco LP retail and Stripes reporting units to assets held for sale based on the relative fair values of the business to be disposed of and the portion of the respective reporting unit that will be retained. The amount of goodwill allocated to assets held for sale was approximately $796 million as of December 31, 2017. The remainder of the goodwill was allocated to the retained portion of the retail and Stripes reporting units, which comprises Sunoco LP’s ethanol plant, credit card processing services, franchise royalties and retail stores the Partnership continues to operate in the continental United States. This amount, inclusive of the portion of the Aloha reporting unit that represents retail activities, was approximately $678 million as of March 31, 2018 and December 31, 2017. During 2017, management performed goodwill impairment testing on its reporting units included in assets held for sale resulting in impairment charges of $387 million. Of this amount, $102 million was allocated to the sites reclassified to continuing operations in the fourth quarter within the retail and Stripes reporting units. Once allocated, management performed goodwill impairment tests on both reporting units to which the goodwill balances were allocated. No goodwill impairment was identified for the retail or Stripes reporting units as a result of these tests. The Partnership recorded transaction costs of $1 million during the three months ended March 31, 2018, as a result of the 7-Eleven Transaction. The results of operations associated with discontinued operations are presented in the following table:
|  | For the Three Months Ended March 31,
|  | 2018 |  | 2017
|  | (in millions)
Revenues: |  |  |  |
Motor fuel sales |  | $ | 256 |  |  | $ | 1,162 |
Merchandise |  | 89 |  |  | 409 |
Rental income |  | — |  |  | 1 |
Other |  | 4 |  |  | 14 |
Total revenues |  | 349 |  |  | 1,586 |
Cost of sales: |  |  |  |
Motor fuel cost of sales |  | 240 |  |  | 1,057 |
Merchandise cost of sales |  | 65 |  |  | 282 |
Other |  | — |  |  | — |
Total cost of sales |  | 305 |  |  | 1,339 |
Gross profit |  | 44 |  |  | 247 |
Operating expenses: |  |  |  |
General and administrative |  | 2 |  |  | 32 |
Other operating |  | 57 |  |  | 171 |
Rent |  | 4 |  |  | 14 |
Loss on disposal of assets |  | 23 |  |  | 5 |
Depreciation, amortization and accretion expense |  | — |  |  | 33 |
Total operating expenses |  | 86 |  |  | 255 |
Operating loss |  | (42 | ) |  | (8 | )
Interest expense, net |  | 2 |  |  | 6 |
Loss on extinguishment of debt and other |  | 20 |  |  | — |
Loss from discontinued operations before income taxes |  | (64 | ) |  | (14 | )
Income tax expense (benefit) |  | 173 |  |  | (3 | )
Loss from discontinued operations, net of income taxes |  | $ | (237 | ) |  | $ | (11 | )

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- Definition Discontinued Operations [Abstract] + References No definition available. + Details
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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