Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Other Related Party Balances

Other related party balances consist of the following:


	March 31, 2020		December 31, 2019
Accounts receivable	$	32	$	29
Prepaid expenses	11		15
Other assets	2		2
Accounts payable⁽¹⁾	8		10
Deferred revenue	1		—
Accrued liabilities⁽²⁾	17		19
Debt payable ⁽³⁾	2,692		2,692

⁽¹⁾ Accounts payable reflects amounts owed to SPLC for reimbursement of third-party expenses incurred by SPLC for our benefit.

⁽²⁾ As of March 31, 2020, Accrued liabilities reflects $17 million accrued interest. As of December 31, 2019, Accrued liabilities reflects $18 million accrued interest and $1 million other accrued liabilities.

⁽³⁾Debt payable reflects borrowings outstanding after taking into account unamortized debt issuance costs of $2 million as of both March 31, 2020 and December 31, 2019.

The following table shows related party expenses, including certain personnel costs, incurred by Shell and SPLC on our behalf that are reflected in the accompanying unaudited consolidated statements of income for the indicated periods. Included in these amounts, and disclosed below, is our share of operating and general corporate expenses, as well as the fees paid to SPLC under certain agreements.


	Three Months Ended March 31,
	2020		2019
Allocated operating expenses	$	4	$	5
Insurance expense⁽¹⁾	5		4
Other ⁽²⁾	5		5
Operations and maintenance – related parties	$	14	$	14

Allocated general corporate expenses	$	7	$	6
Management Agreement fee	2		2
Omnibus Agreement fee	3		3
General and administrative – related parties	$	12	$	11

⁽¹⁾The majority of our insurance coverage is provided by a wholly owned subsidiary of Shell. The remaining coverage is provided by third-party insurers.

⁽²⁾Other expenses primarily relate to salaries and wages and other payroll expenses.

Schedule of Reimbursements from Parent