Acquisitions and Other Transactions

9 Months Ended

Sep. 30, 2020

Acquisitions [Abstract]

Business Combination Disclosure [Text Block]

ACQUISITIONS AND RELATED TRANSACTIONS

ET Contribution of SemGroup Assets to ETO

As discussed in Note 1, former SemGroup subsidiaries were transferred from ET to ETO during the first and second quarters of 2020. The following table represents the 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	$	794
Property, plant and equipment	3,891
Other non-current assets	617
Goodwill	295
Intangible assets	460
Total assets	6,057
Total current liabilities	629
Long-term debt, less current maturities (1)	2,576
Other non-current liabilities	197
SemCAMS Preferred shares	241
Total liabilities	3,643
Noncontrolling interest	822
Partners’ capital	1,592
Total liabilities and partners’ capital	$	6,057

(1) Long-term debt at December 5, 2019 includes SemGroup senior notes with an aggregate principal amount of $1.375 billion and SemGroup subsidiary debt of $593 million, all of 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.