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Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2019
$377 
Additions
598 
Revenue recognized
(614)
Balance, September 30, 2020$361 
Balance, December 31, 2018
$394 
Additions
448 
Revenue recognized
(491)
Balance, September 30, 2019$351 
The balances of receivables from contracts with customers listed in the table below include both current trade receivables and long-term receivables, net of allowance for expected credit losses. The allowance for expected credit losses represents Sunoco LP's best estimate of the probable losses associated with potential customer defaults. Sunoco LP estimates the expected credit losses based on historical write-off experience by industry and current expectations of future credit losses.
The balances of Sunoco LP’s contract assets as of September 30, 2020 and December 31, 2019 were as follows:
September 30,
2020
December 31,
2019
Contract balances:
Contract assets
$123 $117 
Accounts receivable from contracts with customers
225 366 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of September 30, 2020, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations is $39.50 billion, and the Partnership expects to recognize this amount as revenue within the time bands illustrated below:
Years Ending December 31,
2020 (remainder)20212022ThereafterTotal
Revenue expected to be recognized on contracts with customers existing as of September 30, 2020$1,633 $5,674 $5,180 $27,016 $39,503