Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

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 December 31, 2021 and 2020 (in millions):

	December 31, 2021
	Level 1		Level 2		Level 3		Gross Fair Value		Contract Netting(1)		Collateral/Margin Received or Paid		Fair Value
Assets
Assets from price risk management	$	33.3	$	695.6	$	—	$	728.9	$	(607.4)	$	(79.4)	$	42.1
Other investments(2)	2.2		—		—		2.2		—		—		2.2
Total assets at fair value	$	35.5	$	695.6	$	—	$	731.1	$	(607.4)	$	(79.4)	$	44.3
Liabilities
Liabilities from price risk management	$	26.9	$	686.3	$	—	$	713.2	$	(607.4)	$	8.8	$	114.6
Total liabilities at fair value	$	26.9	$	686.3	$	—	$	713.2	$	(607.4)	$	8.8	$	114.6
	December 31, 2020
	Level 1		Level 2		Level 3		Gross Fair Value		Contract Netting(1)		Collateral/Margin Received or Paid		Fair Value
Assets
Assets from price risk management	$	20.2	$	480.5	$	—	$	500.7	$	(455.0)	$	(18.5)	$	27.2
Other investments(2)	2.1		—		—		2.1		—		—		2.1
Total assets at fair value	$	22.3	$	480.5	$	—	$	502.8	$	(455.0)	$	(18.5)	$	29.3
Liabilities
Liabilities from price risk management	$	25.1	$	494.0	$	—	$	519.1	$	(455.0)	$	12.2	$	76.3
Total liabilities at fair value	$	25.1	$	494.0	$	—	$	519.1	$	(455.0)	$	12.2	$	76.3

(1)Amounts represent the impact of legally enforceable master netting agreements that allow us to settle positive and negative positions.

(2)Amount primarily relates to our investment in Suburban Propane Partners, L.P. units which is reflected in other non-current assets on CEQP’s consolidated balance sheets.

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):

	December 31, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
2023 Senior Notes	$	—	$	—	$	683.8	$	691.5
2025 Senior Notes	$	496.5	$	511.9	$	495.5	$	509.9
2027 Senior Notes	$	594.2	$	615.0	$	593.2	$	594.1
2029 Senior Notes	$	690.8	$	727.3	$	—	$	—