Operations And Organization Operations and Organization (Tables)

9 Months Ended

Sep. 30, 2020

Change in Accounting Policy [Abstract]

Changes in the carrying amount of goodwill were as follows:


	Intrastate Transportation and Storage		Interstate Transportation and Storage		Midstream		NGL and Refined Products Transportation and Services		Crude Oil Transportation and Services		Investment in Sunoco LP		Investment in USAC		All Other		Total
Balance, December 31, 2019	$	10	$	226	$	483	$	693	$	1,397	$	1,555	$	619	$	184	$	5,167


Impaired	—		(183)		(483)		—		—		—		(619)		(40)		(1,325)
Other	—		—		—		—		—		—		—		(7)		(7)
Balance, March 31, 2020	10		43		—		693		1,397		1,555		—		137		3,835

Other	—		—		—		—		—		—		—		33		33
Balance, June 30, 2020	10		43		—		693		1,397		1,555		—		170		3,868
Impaired	—		(43)		—		—		(1,279)		—		—		(132)		(1,454)
Other	—		—		—		—		(66)		—		—		70		4
Balance, September 30, 2020	$	10	$	—	$	—	$	693	$	52	$	1,555	$	—	$	108	$	2,418

Accounting Standards Update and Change in Accounting Principle [Table Text Block]

The impact of this accounting policy change on the Partnership’s net income for the nine months ended September 30, 2020 was $265 million, or $0.10 per limited partner unit. As a result of this change in accounting policy, the Partnership’s consolidated balance sheets for prior periods have been retrospectively adjusted as follows:


	December 31, 2019						December 31, 2018
	As Originally Reported		Effect of Change		As Adjusted		As Originally Reported		Effect of Change		As Adjusted
Inventories	$	1,935	$	(403)	$	1,532	$	1,677	$	(305)	$	1,372
Total current assets	7,867		(403)		7,464		6,750		(305)		6,445
Other non-current assets, net	1,075		496		1,571		1,006		472		1,478
Total assets	98,880		93		98,973		88,246		167		88,413
Total partners’ capital	21,827		93		21,920		20,559		167		20,726

In addition, the Partnership’s consolidated statements of operations, comprehensive income and cash flows for prior periods have been retrospectively adjusted as follows:


	Year Ended December 31,				Three Months Ended September 30,		Nine Months Ended September 30,
	2019		2018		2019		2019
As originally reported:
Consolidated Statements of Operations and Comprehensive Income
Cost of products sold	$	39,727	$	41,658	$	9,890	$	29,607
Operating income	7,277		5,348		1,830		5,576
Income from continuing operations before income tax expense (benefit)	5,094		3,634		1,215		3,763
Net income	4,899		3,365		1,161		3,549
Net income per limited partner unit	1.37		1.16		0.32		0.98
Comprehensive income	4,930		3,322		1,154		3,551
Comprehensive income attributable to partners	3,623		1,651		825		2,582

Consolidated Statements of Cash Flows
Net income	4,899		3,365		1,161		3,549

Net change in operating assets and liabilities	(518)		289		27		(247)

Effect of change:
Consolidated Statements of Operations and Comprehensive Income
Cost of products sold	74		(55)		(26)		35
Operating income	(74)		55		26		(35)
Income from continuing operations before income tax expense (benefit)	(74)		55		26		(35)
Net income	(74)		55		26		(35)
Net income per limited partner unit	(0.03)		0.04		0.01		(0.01)
Comprehensive income	(74)		55		26		(35)
Comprehensive income attributable to partners	(74)		55		26		(35)

Consolidated Statements of Cash Flows
Net income	(74)		55		26		(35)

Net change in operating assets and liabilities	74		(55)		(26)		35

As adjusted:
Consolidated Statements of Operations and Comprehensive Income
Cost of products sold	39,801		41,603		9,864		29,642
Operating income	7,203		5,403		1,856		5,541
Income from continuing operations before income tax expense (benefit)	5,020		3,689		1,241		3,728
Net income	4,825		3,420		1,187		3,514
Net income per limited partner unit	1.34		1.20		0.33		0.97
Comprehensive income	4,856		3,377		1,180		3,516
Comprehensive income attributable to partners	3,549		1,706		851		2,547

Consolidated Statements of Cash Flows
Net income	4,825		3,420		1,187		3,514

Net change in operating assets and liabilities	(444)		234		1		(212)