Acquisitions and Other Transactions

3 Months Ended

Mar. 31, 2020

Acquisitions [Abstract]

Business Combination Disclosure [Text Block]

ACQUISITIONS AND RELATED TRANSACTIONS

ET Contribution of SemGroup Assets to ETO

As discussed in Note 1, certain former SemGroup subsidiaries were transferred from ET to ETO during the three months ended March 31, 2020. The following table represents the preliminary fair value, as of December 5, 2019, of the SemGroup assets and liabilities transferred from ET to ETO:

	At December 5, 2019
Total current assets	$	548
Property, plant and equipment	2,544
Other non-current assets	574
Goodwill	230
Intangible assets	280
Total assets	4,176
Total current liabilities	480
Long-term debt, less current maturities (1)	812
Other non-current liabilities	109
Total liabilities	1,401
Noncontrolling interest	335
Partners’ capital	2,440
Total liabilities and partners’ capital	$	4,176

⁽¹⁾ Long-term debt at December 5, 2019 includes SemGroup subsidiary debt of $593 million, which was redeemed in December 2019, subsequent to the closing of ET’s acquisition of SemGroup, using proceeds from an intercompany promissory note from ETO.