Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2021

Related Party Transactions [Abstract]

Schedule of Other Related Party Balances

Other related party balances consist of the following:

	March 31, 2021		December 31, 2020
Accounts receivable	$	31	$	21
Prepaid expenses	14		22
Other assets	2		2
Contract assets (1)	229		233
Accounts payable (2)	12		16
Deferred revenue	22		19
Accrued liabilities (3)	16		28
Debt payable (4)	2,691		2,692
Finance lease liability	2		2
Financing receivables (1)	297		298

(1) Contract assets and Financing receivables were recognized in connection with the transaction completed in April 2020. Refer to the section entitled “Sale Leaseback” below for additional details. Financing receivables were presented as a component of (deficit) equity.

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

(3) As of March 31, 2021, Accrued liabilities reflects $12 million of accrued interest and $4 million of other accrued liabilities. As of December 31, 2020, Accrued liabilities reflects $16 million of accrued interest and $12 million of other accrued liabilities. Other accrued liabilities are primarily related to the accrued operation and maintenance expenses on the Norco Assets.

(4) Debt payable reflects borrowings outstanding after taking into account unamortized debt issuance costs of $3 million and $2 million as of March 31, 2021 and December 31, 2020, respectively.

Schedule of Related Party Expenses Including Personnel Costs

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,
	2021		2020
Allocated operating expenses	$	14	$	4
Major maintenance costs (1)	1		—
Insurance expense (2)	5		5
Other (3)	7		5
Operations and maintenance – related parties	$	27	$	14
Allocated general corporate expenses	$	5	$	7
Management Agreement fee	2		2
Omnibus Agreement fee	3		3
General and administrative – related parties	$	10	$	12

(1) Major maintenance costs are expensed as incurred in connection with the maintenance services of the Norco Assets. Refer to section entitled “Sale Leaseback” below for additional details.

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

(3) Other expenses primarily relate to salaries and wages, other payroll expenses and special maintenance.

Schedule of Interest Income, Reduction in Financing Receivables, Cash Payments for Interest Income and Principal Repayment of Financing Receivable

The following table shows the interest income and reduction in the financing receivables for the three months ended March 31, 2021:

	Three Months Ended March 31,
	2021
Interest income (1)	$	8
Reduction in the financing receivables (1)	1

(1) Cash payments received for interest income and principal repayments on financing receivables were received in the same period that the interest income and principal repayment were recorded.