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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Description of Segments Our consolidated financial statements reflect three reportable segments: Fuel Distribution, Pipeline Systems and Terminals. Fuel Distribution. Our Fuel Distribution segment supplies motor fuel to independently-operated dealer stations, distributors, commission agents and other consumers. Also included in our Fuel Distribution segment is lease income from properties that we lease or sublease, as well as the Partnership’s credit card services, franchise royalties and retail operations in Hawaii and New Jersey. Pipeline Systems. Our Pipeline Systems segment includes our investments in the J.C. Nolan Terminal and the J.C. Nolan Pipeline. Terminals. Our Terminals segment is composed of four transmix processing facilities and 42 refined product terminals. Segment Operating Results We report Adjusted EBITDA by segment as a measure of segment performance. We define Adjusted EBITDA as net income before net interest expense, income tax expense, depreciation, amortization and accretion expense, non-cash compensation expense, gains and losses on disposal of assets and impairment charges, unrealized gains and losses on commodity derivatives, inventory adjustments and certain other operating expenses reflected in net income that we do not believe are indicative of ongoing core operations. The following tables present financial information by segment for the years ended December 31, 2023, 2022 and 2021.
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues: |  |  |  |  |
Fuel Distribution |  |  |  |  |
Revenues from external customers | $ | 22,955 |  |  | $ | 25,629 |  |  | $ | 17,537 |
Intersegment revenues | 31 |  |  | 31 |  |  | 21 |
| 22,986 |  |  | 25,660 |  |  | 17,558 |
Pipeline Systems |  |  |  |  |
Revenues from external customers | 1 |  |  | — |  |  | — |
Intersegment revenues | — |  |  | — |  |  | — |
| 1 |  |  | — |  |  | — |
Terminals |  |  |  |  |
Revenues from external customers | 112 |  |  | 100 |  |  | 59 |
Intersegment revenues | 373 |  |  | 436 |  |  | 239 |
| 485 |  |  | 536 |  |  | 298 |
Eliminations | (404) |  |  | (467) |  |  | (260) |
Total | $ | 23,068 |  |  | $ | 25,729 |  |  | $ | 17,596 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Segment Adjusted EBITDA: |  |  |  |  |
Fuel Distribution | $ | 865 |  |  | $ | 838 |  |  | $ | 701 |
Pipeline Systems | 11 |  |  | 10 |  |  | 9 |
Terminals | 88 |  |  | 71 |  |  | 44 |
Total | $ | 964 |  |  | $ | 919 |  |  | $ | 754 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Reconciliation of net income to Adjusted EBITDA: |  |  |  |  |
Net income | $ | 394 |  |  | $ | 475 |  |  | $ | 524 |
Depreciation, amortization and accretion | 187 |  |  | 193 |  |  | 177 |
Interest expense, net | 217 |  |  | 182 |  |  | 163 |
Non-cash unit-based compensation expense | 17 |  |  | 14 |  |  | 16 |
Gain on disposal of assets | (7) |  |  | (13) |  |  | (14) |
Loss on extinguishment of debt | — |  |  | — |  |  | 36 |
Unrealized (gains) losses on commodity derivatives | (21) |  |  | 21 |  |  | (14) |
Inventory valuation adjustments | 114 |  |  | (5) |  |  | (190) |
Equity in earnings of unconsolidated affiliates | (5) |  |  | (4) |  |  | (4) |
Adjusted EBITDA related to unconsolidated affiliates | 10 |  |  | 10 |  |  | 9 |
Other non-cash adjustments | 22 |  |  | 20 |  |  | 21 |
Income tax expense | 36 |  |  | 26 |  |  | 30 |
Adjusted EBITDA (consolidated) | $ | 964 |  |  | $ | 919 |  |  | $ | 754 |
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
Assets: |  |  |  |  |
Fuel Distribution | $ | 6,047 |  |  | $ | 6,022 |  |  | $ | 5,075 |
Pipeline Systems | 49 |  |  | 53 |  |  | 47 |
Terminals | 672 |  |  | 643 |  |  | 639 |
Total segment assets | 6,768 |  |  | 6,718 |  |  | 5,761 |
Other partnership assets | 58 |  |  | 112 |  |  | 54 |
Total assets | $ | 6,826 |  |  | $ | 6,830 |  |  | $ | 5,815 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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