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Partners' Capital (Tables)
12 Months Ended
Dec. 31, 2019
Partners' Capital [Abstract]  
Schedule of Common Unit Activity As of December 31, 2019, $295 million of our common units remained available to be issued under the equity distribution agreement. The Partnership issued 1,268,750 common units from January 1, 2017 through December 31, 2017 in connection with the ATM for $33 million, net of commissions of $0.3 million.
On February 7, 2018, subsequent to the record date for SUN’s fourth quarter 2017 distribution, the Partnership repurchased 17,286,859 SUN common units owned by ETO for aggregate cash consideration of approximately $540 million. The repurchase price per common unit was $31.2376, which is equal to the volume weighted average trading price of SUN common units on the New York Stock Exchange for the ten trading days ending on January 23, 2018. The Partnership funded the repurchase with cash on hand.
Common unit activity for the years ended December 31, 2019 and 2018 was as follows:
 
Number of Units

Number of common units at December 31, 2017
99,667,999

Common units repurchase
(17,286,859
)
Phantom unit vesting
283,917

Number of common units at December 31, 2018
82,665,057

Phantom unit vesting
320,884

Number of common units at December 31, 2019
82,985,941


Schedule of Net Income Allocation By Partners
The calculation of net income allocated to the partners is as follows (in millions, except per unit amounts):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Attributable to Common Units
 

 
 

 
 

Distributions (a)
$
273

 
$
272

 
$
328

Distributions in excess of net income
(38
)
 
(557
)
 
(293
)
Limited partners’ interest in net income (loss)
$
235

 
$
(285
)
 
$
35

 
 

 
 

 
 

(a) Distributions declared per unit to unitholders as of record date
$
3.3020

 
$
3.3020

 
$
3.3020


Schedule of Incentive Distribution Rights to Limited Partners The percentage interests shown for our common unitholders and our IDR holder for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. ETO currently owns our IDRs.
 
 
 
Marginal percentage interest in distributions
 
Total quarterly distribution per Common unit
target amount
 
Common
Unitholders
 
Holder of IDRs
Minimum Quarterly Distribution
$0.4375
 
100
%
 

First Target Distribution
Above $0.4375 up to $0.503125
 
100
%
 

Second Target Distribution
Above $0.503125 up to $0.546875
 
85
%
 
15
%
Third Target Distribution
Above $0.546875 up to $0.656250
 
75
%
 
25
%
Thereafter
Above $0.656250
 
50
%
 
50
%

Distributions Made to Limited Partner, by Distribution
Cash distributions paid were as follows: 
 
 
Limited Partners
 
 
Payment Date
 
Per Unit Distribution
 
Total Cash Distribution
 
Distribution to IDR Holders
 
 
(in millions, except per unit amounts)
February 19, 2020
 
$
0.8255

 
$
69

 
$
18

November 19, 2019
 
$
0.8255

 
$
68

 
$
18

August 14, 2019
 
$
0.8255

 
$
68

 
$
18

May 15, 2019
 
$
0.8255

 
$
68

 
$
18

February 14, 2019
 
$
0.8255

 
$
68

 
$
18

November 14, 2018
 
$
0.8255

 
$
68

 
$
18

August 15, 2018
 
$
0.8255

 
$
68

 
$
17

May 15, 2018
 
$
0.8255

 
$
68

 
$
18

February 14, 2018
 
$
0.8255

 
$
82

 
$
21

November 14, 2017
 
$
0.8255

 
$
82

 
$
22

August 15, 2017
 
$
0.8255

 
$
82

 
$
21

May 16, 2017
 
$
0.8255

 
$
82

 
$
21

February 21, 2017
 
$
0.8255

 
$
81

 
$
21