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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The following table represents the carrying amount (reduced for deferred financing costs associated with the respective notes) and fair value of our senior notes (in millions):
September 30, 2020December 31, 2019
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
2023 Senior Notes$689.5 $677.9 $695.1 $714.0 
2025 Senior Notes$495.2 $458.2 $494.4 $514.4 
2027 Senior Notes$592.9 $536.3 $592.1 $610.1 
Assets And Liabilities Measured At Fair Value On Recurring Basis
The following tables set forth by level within the fair value hierarchy, our financial instruments that were accounted for at fair value on a recurring basis at September 30, 2020 and December 31, 2019 (in millions):
September 30, 2020
Level 1Level 2Level 3Gross Fair Value
Contract Netting(1)
Collateral/Margin Received or PaidFair Value
Assets
Assets from price risk management$15.0 $188.0 $— $203.0 $(170.4)$(5.0)$27.6 
Suburban Propane Partners, L.P. units(2)
2.3 — — 2.3 — — 2.3 
Total assets at fair value$17.3 $188.0 $— $205.3 $(170.4)$(5.0)$29.9 
Liabilities
Liabilities from price risk management$17.9 $180.5 $— $198.4 $(170.4)$11.4 $39.4 
Total liabilities at fair value$17.9 $180.5 $— $198.4 $(170.4)$11.4 $39.4 
December 31, 2019
Level 1Level 2Level 3Gross Fair Value
Contract Netting(1)
Collateral/Margin Received or PaidFair Value
Assets
Assets from price risk management$3.7 $164.0 $— $167.7 $(122.3)$(2.2)$43.2 
Suburban Propane Partners, L.P. units(2)
3.1 — — 3.1 — — 3.1 
Total assets at fair value$6.8 $164.0 $— $170.8 $(122.3)$(2.2)$46.3 
Liabilities
Liabilities from price risk management$2.8 $151.9 $— $154.7 $(122.3)$(25.7)$6.7 
Total liabilities at fair value$2.8 $151.9 $— $154.7 $(122.3)$(25.7)$6.7 

(1)Amounts represent the impact of legally enforceable master netting agreements that allow us to settle positive and negative positions.
(2)Amount is reflected in other assets on CEQP’s consolidated balance sheets.