Document And Entity Information - shares |
3 Months Ended | |
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Mar. 31, 2018 |
May 04, 2018 |
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Document Information [Line Items] | ||
Entity Registrant Name | SUNOCO LP | |
Entity Central Index Key | 0001552275 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Subsequent Event [Member] | Common Units [Member] | ||
Document Information [Line Items] | ||
Entity Partnership Units Outstanding | 82,492,008 | |
Subsequent Event [Member] | Common Class C [Member] | ||
Document Information [Line Items] | ||
Entity Partnership Units Outstanding | 16,410,780 |
Consolidated Balance Sheets (Parenthetical) - shares |
Mar. 31, 2018 |
Dec. 31, 2017 |
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Series A Preferred Units [Member] | ||
Equity: | ||
Limited partners' capital account, units issued (in shares) | 0 | 12,000,000 |
Limited Partners' Capital Account, Units Outstanding | 0 | 12,000,000 |
Common Units [Member] | ||
Equity: | ||
Limited partners' capital account, units issued (in shares) | 82,492,008 | 99,667,999 |
Limited Partners' Capital Account, Units Outstanding | 82,492,008 | 99,667,999 |
Class C Units - Held by Subsidiary [Member] | ||
Equity: | ||
Limited partners' capital account, units issued (in shares) | 16,410,780 | 16,410,780 |
Limited Partners' Capital Account, Units Outstanding | 16,410,780 | 16,410,780 |
Consolidated Statement of Equity - USD ($) $ in Millions |
Total |
Common Units |
Preferred Units-Affiliated |
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Cumulative effect of change in revenue recognition accounting principle | $ (54) | $ (54) | $ 0 |
Beginning balance at Dec. 31, 2017 | 2,247 | 1,947 | 300 |
Repurchase of common units | (540) | (540) | 0 |
Redemption of Preferred units | (300) | 0 | (300) |
Cash distribution to unitholders | (107) | 107 | 0 |
Distribution to preferred units | (2) | 0 | 2 |
Unit-based compensation | 3 | 3 | 0 |
Partnership net income (loss) | (315) | (317) | 2 |
Ending balance at Mar. 31, 2018 | $ 932 | $ 932 | $ 0 |
Consolidated Statements of Cash Flows - USD ($) $ in Millions |
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Mar. 31, 2018 |
Mar. 31, 2017 |
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Cash flows from operating activities: | |||||
Net income (loss) | $ (315) | $ 1 | |||
Adjustments to reconcile net income (loss) to net cash provided by continuing operating activities: | |||||
Loss from discontinued operations | 237 | 11 | |||
Depreciation, amortization and accretion | 49 | ||||
Loss on disposal of assets | [1] | 26 | 7 | ||
Loss on extinguishment of debt and other | [1] | (129) | 0 | ||
Non-cash unit based compensation expense | [1] | 3 | 4 | ||
Changes in operating assets and liabilities, net of acquisitions: | |||||
Accounts receivable | 52 | ||||
Cash flows from investing activities: | |||||
Capital expenditures | [1] | (19) | (66) | ||
Cash flows from discontinued operations: | |||||
Net increase (decrease) in cash | 70 | (46) | |||
Cash and cash equivalents at beginning of period | 28 | 103 | |||
Cash and cash equivalents at end of period | 98 | 57 | |||
Continuing Operations [Member] | |||||
Adjustments to reconcile net income (loss) to net cash provided by continuing operating activities: | |||||
Loss from discontinued operations | 237 | 11 | |||
Depreciation, amortization and accretion | 49 | 54 | |||
Amortization of deferred financing fees | 2 | 4 | |||
Loss on disposal of assets | 3 | 2 | |||
Loss on extinguishment of debt and other | 109 | 0 | |||
Non-cash unit based compensation expense | 3 | 4 | |||
Deferred income tax | (29) | 14 | |||
Inventory valuation adjustment | (25) | 13 | |||
Changes in operating assets and liabilities, net of acquisitions: | |||||
Accounts receivable | 90 | 97 | |||
Receivable from affiliates | (5) | (10) | |||
Inventories | 17 | 40 | |||
Other assets | 10 | 23 | |||
Accounts payable | (143) | (245) | |||
Accounts payable to affiliates | (28) | 2 | |||
Accrued liabilities and other current liabilities | 403 | (8) | |||
Other noncurrent liabilities | 4 | 12 | |||
Net cash provided by (used in) continuing operating activities | 440 | (14) | |||
Cash flows from investing activities: | |||||
Capital expenditures | (19) | (24) | |||
Purchase of intangible assets | (1) | (13) | |||
Proceeds from disposal of property and equipment | 3 | 0 | |||
Net cash used in investing activities | (17) | (37) | |||
Cash flows from financing activities: | |||||
Proceeds from issuance of long-term debt | 2,200 | 0 | |||
Payments on long-term debt | (3,447) | (1) | |||
Payments for debt extinguishment costs | (93) | 0 | |||
Revolver borrowings | 414 | 618 | |||
Revolver repayments | (1,179) | (857) | |||
Loan origination costs | (24) | 0 | |||
Advances from affiliates | 0 | (84) | |||
Equity issued to ETE, net of issuance costs | 0 | (300) | |||
Proceeds from issuance of common units, net of offering costs | 0 | 33 | |||
Common unit repurchase | 540 | 0 | |||
Redemption of equity issued to ETE | (303) | 0 | |||
Other cash from financing activities, net | 0 | (1) | |||
Distributions to unitholders | (121) | (104) | |||
Net cash used in financing activities | (3,093) | (96) | |||
Discontinued Operations, Disposed of by Sale [Member] | |||||
Cash flows from discontinued operations: | |||||
Operating activities | (485) | 142 | |||
Investing activities | 3,214 | (40) | |||
Changes in cash included in current assets held for sale | 11 | (1) | |||
Net Cash Provided by (Used in) Discontinued Operations | $ 2,740 | $ 101 | |||
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Organization and Principles of Consolidation |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||
Organization and Principles of Consolidation | Organization and Principles of Consolidation As used in this document, the terms “Partnership,” “SUN,” “we,” “us,” and “our” should be understood to refer to Sunoco LP and our consolidated subsidiaries, unless the context clearly indicates otherwise. We are managed by Sunoco GP LLC, our general partner (“General Partner”). As of March 31, 2018, Energy Transfer Equity, L.P. (“ETE”), a publicly traded master limited partnership, owns 100% of the membership interests in our General Partner, a 2.3% limited partner interest in us and all of our incentive distribution rights. Energy Transfer Partners, L.P. (“ETP”), another publicly traded master limited partnership which is also controlled by ETE, owns a 26.5% limited partner interest in us as of March 31, 2018. The consolidated financial statements are composed of Sunoco LP, a publicly traded Delaware limited partnership, and our wholly-owned subsidiaries. We distribute motor fuels across more than 30 states throughout the East Coast, Midwest, South Central and Southeast regions of the United States from Maine to Florida and from Florida to New Mexico, as well as Hawaii. We also operate convenience retail stores in Hawaii and New Jersey. On April 6, 2017, certain subsidiaries of the Partnership (collectively, the “Sellers”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with 7-Eleven, Inc., a Texas corporation (“7-Eleven”) and SEI Fuel Services, Inc., a Texas corporation and wholly-owned subsidiary of 7-Eleven (“SEI Fuel,” and, together with 7-Eleven, referred to herein collectively as “Buyers”). On January 23, 2018, we completed the disposition of assets pursuant to the Amended and Restated Asset Purchase Agreement entered by and among Sellers, Buyers and certain other named parties for the limited purposes set forth therein, pursuant to which the parties agreed to amend and restate the Purchase Agreement to reflect commercial agreements and updates made by the parties in connection with consummation of the transactions contemplated by the Purchase Agreement. Under the Purchase Agreement, as amended and restated, we sold a portfolio of 1,030 company operated retail fuel outlets, together with ancillary businesses and related assets to Buyers for approximately $3.2 billion (the “7-Eleven Transaction”). On January 18, 2017, with the assistance of a third-party brokerage firm, we launched a portfolio optimization plan to market and sell 97 real estate assets located in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. The results of these operations (the real estate optimization assets, together with the 7-Eleven Transaction, the “Retail Divestment”) have been reported as discontinued operations for all periods presented in the consolidated financial statements. See Note 4 for more information related to the Purchase Agreement, the optimization plan, and the discontinued operations. All other footnotes present results of the continuing operations. On April 1, 2018, the Partnership completed the conversion of 207 retail sites located in certain West Texas, Oklahoma and New Mexico markets to a single commission agent. Our primary operations are conducted by the following consolidated subsidiaries: Wholesale Subsidiaries
Retail Subsidiaries (Also See Note 4)
All significant intercompany accounts and transactions have been eliminated in consolidation. Certain items have been reclassified for presentation purposes to conform to the accounting policies of the consolidated entity. These reclassifications had no material impact on gross profit, income from operations, net income (loss) and comprehensive income (loss), the balance sheets or statements of cash flows. |
Summary of Significant Accounting Policies |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Interim Financial Statements The accompanying interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pursuant to Regulation S-X, certain information and disclosures normally included in the annual financial statements have been condensed or omitted. The consolidated financial statements and notes included herein should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on February 23, 2018. Significant Accounting Policies As of March 31, 2018, the only material change in the Partnership's significant accounting policies, as compared to those described in the Annual Report on Form 10-K for the year ended December 31, 2017, was the adoption of Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, described below under Recently Adopted Accounting Pronouncement. Motor Fuel and Sales Taxes Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealer and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales. For retail locations where the Partnership holds inventory, including consignment arrangements, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $53 million and $76 million for the three months ended March 31, 2018 and 2017, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). Recently Issued Accounting Pronouncements FASB ASU No. 2016-02. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02, Leases (Topic 842), which amends the FASB Accounting Standards Codification and creates Topic 842, Leases. This Topic requires Balance Sheet recognition of lease assets and lease liabilities for leases classified as operating leases under previous GAAP, excluding short-term leases of 12 months or less. This ASU is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. In January 2018, the FASB proposed amending the new leasing guidance such that entities may elect not to restate their comparative periods in the period of adoption. We are currently evaluating the effect that the updated standard will have on our consolidated balance sheets and related disclosures. We are in the process of evaluating our lease contracts to determine the potential impact of adopting the new standard. At this point in our evaluation process, we have determined that the timing and/or amount of lease assets and lease liabilities that we recognize on certain contracts will be impacted by the adoption of the new standard; however, we are still in the process of quantifying this impact. In addition, we are in the process of implementing appropriate changes to our business processes, systems and controls to support recognition and disclosure under the new standard. We continue to monitor additional authoritative or interpretive guidance related to the new standard as it becomes available, as well as comparing our conclusions on specific interpretative issues to other peers in our industry, to the extent that such information is available to us. In January 2018, the FASB issued Accounting Standards Update No. 2018-01, which provides an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under Topic 840. The Partnership expects to adopt ASU 2016-02 and elect the practical expedient under ASU 2018-01 in the first quarter of 2019 and is currently evaluating the impact that adopting this new standard will have on the consolidated financial statements and related disclosures. Recently Adopted Accounting Pronouncement FASB ASU No. 2014-09. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification (“ASC”) Topic 606. On January 1, 2018 we adopted ASC Topic 606, which is effective for interim and annual reporting periods beginning on or after December 15, 2017. The new standard requires us to recognize revenue when a customer obtains control rather than when we have transferred substantially all risks and rewards of a good or service and requires expanded disclosures. It also outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes ASC 605 - Revenue Recognition and industry-specific guidance. We have completed a detailed review of revenue contracts representative of our business segments and their revenue streams as of the adoption date. As a result of the evaluation performed, we have determined that the timing and amount of revenue that we recognize on certain contracts is impacted by the adoption of the new standard. These adjustments are primarily related to the change in recognition of dealer incentives and rebates. In addition to the evaluation performed, we have made appropriate design and implementation updates to our business processes, systems and internal controls to support recognition and disclosure under the new standard. The Partnership has elected to apply the modified retrospective method to adopt the new standard. The implementation of the new standard has an impact on the measurement of recognition of revenue. The cumulative and ongoing effects of the adoption impact the following financials - the Consolidated Balance Sheet, the Consolidated Statement of Operations and Comprehensive Income (Loss), and the Statement of Equity. Additionally, new disclosures have been added in accordance with ASC Topic 606. Utilizing the practical expedients allowed under the modified retrospective adoption method, ASC Topic 606 was only applied to existing contracts for which the Partnership has remaining performance obligations as of January 1, 2018, and new contracts entered into after January 1, 2018. ASC Topic 606 was not applied to contracts that were completed prior to January 1, 2018. For contracts in scope of the new revenue standard as of January 1, 2018, we recognized a cumulative effect adjustment to retained earnings to account for the differences in timing of revenue recognition. The comparative information has not been restated under the modified retrospective method and continues to be reported under the accounting standards in effect for those periods. The material adjustments to the opening balance sheet primarily relate to a change in timing of revenue recognition for variable consideration, such as incentives paid to customers, as well as a change in timing of revenue recognition for franchise fee revenue. Historically, an asset was recognized related to the contract incentives which was amortized over the life of the agreement. Under the new standard, the timing of the recognition of incentives changed due to application of the expected value method to estimate variable consideration. Additionally, under the new standard the change in timing of franchise fee revenue is due to the treatment of revenue recognition from the symbolic license over the term of the agreement. The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU No. 2014-09 was as follows:
The adoption of the new revenue standard resulted in reclassifications to/from revenue, cost of sales, and operating expenses. Additionally, changes in timing of revenue recognition have required the creation of contract asset or contract liability balances, as well as certain balance sheet reclassifications. In accordance with the requirements of Topic 606, the disclosure below shows the impact of adopting the new standard on the income statement and the balance sheet.
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Acquisitions |
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Mar. 31, 2018 | |
Business Combinations [Abstract] | |
Acquisitions | Acquisitions On April 3, 2018, our subsidiary, Sunoco LLC, entered into an Asset Purchase Agreement with Superior Plus Energy Services, Inc. (“Superior”), a New York Corporation, pursuant to which it agreed to acquire certain wholesale fuel distribution assets and related terminal assets from Superior for approximately $40 million plus working capital adjustments. The assets consist of a network of approximately 100 dealers, several hundred commercial contracts and three terminals, which are connected to major pipelines serving the Upstate New York market. The transaction closed on April 25, 2018. On January 4, 2018, the Partnership entered into an Asset Purchase Agreement with 7-Eleven and SEI Fuel, pursuant to which the Partnership agreed to acquire 26 retail fuel outlets from 7-Eleven and SEI Fuel for approximately $50 million. The transaction closed on April 2, 2018. The Partnership subsequently converted the acquired stations from company-operated sites to commission agent locations. |
Discontinued Operations (Notes) |
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Discontinued Operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations On January 23, 2018, we completed the disposition of assets pursuant to the Amended and Restated Asset Purchase Agreement entered by and among Sellers, Buyers and certain other named parties for the limited purposes set forth therein, pursuant to which the parties agreed to amend and restate the Purchase Agreement to reflect commercial agreements and updates made by the parties in connection with consummation of the transactions contemplated by the Purchase Agreement. Subsequent to the closing of the 7-Eleven Transaction, previously eliminated wholesale motor fuel sales to the Partnership's retail locations are reported as wholesale motor fuel sales to third parties. Also, the related accounts receivable from such sales are no longer eliminated from the consolidated balance sheets and are reported as accounts receivable. In connection with the closing of the transactions contemplated by the Purchase Agreement, we entered into a Distributor Motor Fuel Agreement dated as of January 23, 2018 (the “Supply Agreement”), with 7-Eleven and SEI Fuel. The Supply Agreement consists of a 15-year take-or-pay fuel supply arrangement under which we have agreed to supply approximately 2.0 billion gallons of fuel annually plus additional aggregate growth volumes of up to 500 million gallons to be added incrementally over the first four years. For the period from January 1, 2018 through January 22, 2018 and the three months ended March 31, 2017, we recorded sales to the sites that were subsequently sold to 7-Eleven of $199 million and $705 million, respectively, that were eliminated in consolidation. We recorded payments on trade receivables from 7-Eleven of $612 million in first quarter of 2018 subsequent to the closing of the sale. On January 18, 2017, with the assistance of a third-party brokerage firm, we launched a portfolio optimization plan to market and sell 97 real estate assets. Real estate assets included in this process are company-owned locations, undeveloped greenfield sites and other excess real estate. Properties are located in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. The properties will be sold through a sealed-bid sale. Of the 97 properties, 47 have been sold, one is under contract to be sold and eight continue to be marketed by the third-party brokerage firm. Additionally, 32 were sold to 7-Eleven and nine are part of the approximately 207 retail sites located in certain West Texas, Oklahoma and New Mexico markets which will be operated by a commission agent. The Partnership has concluded that it meets the accounting requirements for reporting the financial position, results of operations and cash flows of the Retail Divestment as discontinued operations. See Note 1 for further information regarding the Retail Divestment. The following tables present the aggregate carrying amounts of assets and liabilities classified as held for sale in the Consolidated Balance Sheets:
Upon the classification of assets and related liabilities as held for sale, Sunoco LP’s management applied the measurement guidance in ASC 360, Property, Plant and Equipment, to calculate the fair value less cost to sell of the disposal group. In accordance with ASC 360-10-35-39, management first tested the goodwill included within the disposal group for impairment prior to measuring the disposal group’s fair value less the cost to sell. In the determination of the classification of assets held for sale and the related liabilities, management allocated a portion of the goodwill balance previously included in the Sunoco LP retail and Stripes reporting units to assets held for sale based on the relative fair values of the business to be disposed of and the portion of the respective reporting unit that will be retained. The amount of goodwill allocated to assets held for sale was approximately $796 million as of December 31, 2017. The remainder of the goodwill was allocated to the retained portion of the retail and Stripes reporting units, which comprises Sunoco LP’s ethanol plant, credit card processing services, franchise royalties and retail stores the Partnership continues to operate in the continental United States. This amount, inclusive of the portion of the Aloha reporting unit that represents retail activities, was approximately $678 million as of March 31, 2018 and December 31, 2017. During 2017, management performed goodwill impairment testing on its reporting units included in assets held for sale resulting in impairment charges of $387 million. Of this amount, $102 million was allocated to the sites reclassified to continuing operations in the fourth quarter within the retail and Stripes reporting units. Once allocated, management performed goodwill impairment tests on both reporting units to which the goodwill balances were allocated. No goodwill impairment was identified for the retail or Stripes reporting units as a result of these tests. The Partnership recorded transaction costs of $1 million during the three months ended March 31, 2018, as a result of the 7-Eleven Transaction. The results of operations associated with discontinued operations are presented in the following table:
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Accounts Receivable, net | Accounts Receivable, net Accounts receivable, net, consisted of the following:
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Inventories, net |
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Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories, net | Inventories, net Inventories, net, consisted of the following:
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Property and Equipment, net |
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Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and Equipment, net | Property and Equipment, net Property and equipment, net, consisted of the following:
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Goodwill and Other Intangible Assets |
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets | Goodwill and Intangible Assets, net Goodwill Goodwill represents the excess of the purchase price of an acquired entity over the amounts allocated to the assets acquired and liabilities assumed in a business combination. At March 31, 2018 and December 31, 2017 we had $1.4 billion of goodwill recorded in conjunction with past business combinations. Goodwill is not amortized, but is tested annually for impairment, or more frequently if events and circumstances indicate that the asset might be impaired. In accordance with ASC 350-20-35 “Goodwill - Subsequent Measurements”, during 2017, management performed goodwill impairment testing on its reporting units included in assets held for sale resulting in impairment charges of $387 million. Of this amount, $102 million was allocated to the sites reclassified to continuing operations in the fourth quarter within the retail and Stripes reporting units. Once allocated, management performed goodwill impairment tests on both reporting units to which the goodwill balances were allocated. No goodwill impairment was identified for the retail or Stripes reporting units as a result of these tests. As of March 31, 2018, we evaluated potential impairment indicators. We believe no impairment events occurred during the three months ended March 31, 2018, and we believe the assumptions used in the analysis performed in 2017 are still relevant and indicative of our current operating environment. As a result, no impairment was recorded to goodwill during the period from January 1, 2018 through March 31, 2018. Other Intangible Assets Gross carrying amounts and accumulated amortization for each major class of intangible assets, excluding goodwill, consisted of the following:
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We review amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If such a review should indicate that the carrying amount of amortizable intangible assets is not recoverable, we reduce the carrying amount of such assets to fair value. We review non-amortizable intangible assets for impairment annually, or more frequently if circumstances dictate. During the fourth quarter of 2017, the Partnership performed the annual impairment tests on our indefinite-lived intangible assets and recognized $13 million and $4 million of impairment charges on our contractual rights and liquor licenses, respectively, primarily due to decreases in projected future revenues and cash flows from the date the intangible assets were originally recorded. Customer relations and supply agreements have a remaining weighted-average life of approximately 11 years. Favorable leasehold arrangements have a remaining weighted-average life of approximately 14 years. Non-competition agreements and other intangible assets have a remaining weighted-average life of approximately 13 years. Loan origination costs have a remaining weighted-average life of approximately 2 years. |
Accrued Expenses and Other Current Liabilities |
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Accrued Expenses And Other Current Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued Expenses and Other Current Liabilities | Accrued Expenses and Other Current Liabilities Current accrued expenses and other current liabilities consisted of the following:
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Long-Term Debt |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | Long-Term Debt Long-term debt consisted of the following:
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Term Loan The senior secured term loan agreement (the “Term Loan”) provided secured financing in an aggregate principal amount of up to $2.035 billion, which we borrowed in full. The Term Loan was repaid in full and terminated on January 23, 2018. See 2018 Private Offering of Senior Notes below. 2018 Private Offering of Senior Notes On January 23, 2018, we and certain of our wholly owned subsidiaries, including Sunoco Finance Corp. (together with the Partnership, the “Issuers”) completed a private offering of $2.2 billion of senior notes, comprised of $1.0 billion in aggregate principal amount of 4.875% senior notes due 2023 (the “2023 Notes”), $800 million in aggregate principal amount of 5.500% senior notes due 2026 (the “2026 Notes”) and $400 million in aggregate principal amount of 5.875% senior notes due 2028 (the “2028 Notes” and, together with the 2023 Notes and the 2026 Notes, the “Notes”). The terms of the Notes are governed by an indenture dated January 23, 2018, among the Issuers, and certain other subsidiaries of the Partnership (the “Guarantors”) and U.S. Bank National Association, as trustee. The 2023 Notes will mature on January 15, 2023 and interest is payable semi-annually on January 15 and July 15 of each year, commencing July 15, 2018. The 2026 Notes will mature on February 15, 2026 and interest is payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2018. The 2028 Notes will mature on March 15, 2028 and interest is payable semi-annually on March 15 and September 15 of each year, commencing September 15, 2018. The Notes are senior obligations of the Issuers and are guaranteed on a senior basis by all of the Partnership’s existing subsidiaries and certain of its future subsidiaries. The Notes and guarantees are unsecured and rank equally with all of the Issuers’ and each Guarantor’s existing and future senior obligations. The Notes and guarantees are effectively subordinated to the Issuers’ and each Guarantor’s secured obligations, including obligations under the Partnership’s 2014 Revolver (as defined below), to the extent of the value of the collateral securing such obligations, and structurally subordinated to all indebtedness and obligations, including trade payables, of the Partnership’s subsidiaries that do not guarantee the Notes. ETC M-A Acquisition LLC (“ETC M-A”), a subsidiary of ETP, guarantees collection to the Issuers with respect to the payment of the principal amount of the Notes. ETC M-A is not subject to any of the covenants under the Indenture. In connection with our issuance of the Notes, we entered into a registration rights agreement with the initial purchasers pursuant to which we agreed to complete an offer to exchange the Notes for an issue of registered notes with terms substantively identical to each series of Notes and evidencing the same indebtedness as the Notes on or before January 23, 2019. The Partnership used the proceeds from the private offering, along with proceeds from the 7-Eleven Transaction, to: 1) redeem in full our existing senior notes as of December 31, 2017, comprised of $800 million in aggregate principal amount of 6.250% senior notes due 2021, $600 million in aggregate principal amount of 5.500% senior notes due 2020, and $800 million in aggregate principal amount of 6.375% senior notes due 2023; 2) repay in full and terminate the Term Loan; 3) pay all closing costs in connection with the 7-Eleven Transaction; 4) redeem the outstanding Series A Preferred Units held by ETE for an aggregate redemption amount of approximately $313 million; and 5) repurchase 17,286,859 SUN common units owned by subsidiaries of ETP for aggregate cash consideration of approximately $540 million. 6.250% Senior Notes Due 2021 The 2021 Senior Notes were redeemed and the indenture governing the 2021 Senior Notes was discharged on January 23, 2018. The redemption amount includes the original consideration of $800 million and a $32 million call premium plus accrued and unpaid interest. See 2018 Private Offering of Senior Notes above. 5.500% Senior Notes Due 2020 The 2020 Senior Notes were redeemed and the indenture governing the 2020 Senior Notes was discharged on January 23, 2018. The redemption amount includes the original consideration of $600 million and a $17 million call premium plus accrued and unpaid interest. See 2018 Private Offering of Senor Notes above. 6.375% Senior Notes Due 2023 The 2023 Senior Notes were redeemed and the indenture governing the 2023 Senior Notes was discharged on January 23, 2018. The redemption amount includes the original consideration of $800 million and a $44 million call premium plus accrued and unpaid interest. See 2018 Private Offerings of Senior Notes above. Revolving Credit Agreement On September 25, 2014, we entered into a $1.25 billion revolving credit facility (the “2014 Revolver”) among the Partnership, as borrower, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, collateral agent, swingline lender and a line of credit issuer. Proceeds from the revolving credit facility were used to pay off the Partnership’s then-existing revolving credit facility entered into on September 25, 2012. On April 10, 2015, we received a $250 million increase in commitments under the 2014 Revolver and, as a result, we are permitted to borrow up to $1.5 billion on a revolving credit basis. The 2014 Revolver expires on September 25, 2019 (which date may be extended in accordance with the terms of the 2014 Revolver). Borrowings under the 2014 Revolver bear interest at a base rate (a rate based off of the higher of (i) the Federal Funds Rate (as defined in the revolving credit facility) plus 0.500%, (ii) Bank of America’s prime rate or (iii) one-month LIBOR (as defined in the 2014 Revolver) plus 1.000%) or LIBOR, in each case plus an applicable margin ranging from 1.500% to 3.000%, in the case of a LIBOR loan, or from 0.500% to 2.000%, in the case of a base rate loan (determined with reference to the Partnership’s Leverage Ratio (as defined in the 2014 Revolver)). Upon the first achievement by the Partnership of an investment grade credit rating, the applicable margin will decrease to a range of 1.125% to 2.000%, in the case of a LIBOR loan, or from 0.125% to 1.000%, in the case of a base rate loan (determined with reference to the credit rating for the Partnership’s senior, unsecured, non-credit enhanced long-term debt). Interest is payable quarterly if the base rate applies, at the end of the applicable interest period if LIBOR applies and at the end of the month if daily floating LIBOR applies. In addition, the unused portion of the revolving credit facility will be subject to a commitment fee ranging from 0.250% to 0.500%, based on the Partnership’s Leverage Ratio. Upon the first achievement by the Partnership of an investment grade credit rating, the commitment fee will decrease to a range of 0.125% to 0.275%, based on the Partnership’s credit rating as described above. Indebtedness under the 2014 Revolver is secured by a security interest in, among other things, all of the Partnership’s present and future personal property and all of the present and future personal property of its guarantors, the capital stock of its material subsidiaries (or 66% of the capital stock of material foreign subsidiaries), and any intercompany debt. Upon the first achievement by the Partnership of an investment grade credit rating, all security interests securing borrowings under the revolving credit facility will be released. Indebtedness incurred under the 2014 Revolver is secured on a pari passu basis with the indebtedness incurred under the Term Loan pursuant to a collateral trust arrangement whereby a financial institution agrees to act as common collateral agent for all pari passu indebtedness. On October 16, 2017, the Partnership entered into the Fifth Amendment to the Credit Agreement with the lenders party thereto and Bank of America, N.A., in its capacity as a letter of credit issuer, as swing line lender, and as administrative agent (the “Fifth Amendment”). The Fifth Amendment amended the agreement to (i) permit the dispositions contemplated by the Retail Divestment, (ii) extend the interest coverage ratio covenant of 2.25x through maturity, (iii) modify the definition of consolidated EBITDA to include projected margins from the minimum gallons to be purchased under any fuel supply contract entered into in connection with the 7-Eleven Transaction, and (iv) modify the leverage ratio covenants. In the event no disposition has been consummated, the Partnership must maintain a leverage ratio of not more than (i) as of the last day of each fiscal quarter through September 30, 2017, 6.75 to 1.0, (ii) as of December 31, 2017, 6.75 to 1.0, (iii) as of March 31, 2018, 6.50 to 1.0, (iv) as of June 30, 2018, 6.25 to 1.0, (v) as of September 30, 2018, 6.00 to 1.0, (vi) as of December 31, 2018, 5.75 to 1.0 and (vii) thereafter, 5.50 to 1.0. In the event either the disposition of the 7-Eleven Assets or the disposition of the West Texas Assets (but not both of them) has been consummated, the Partnership must maintain a leverage ratio of not more than (i) as of the last day of each fiscal quarter through September 30, 2017, 6.75 to 1.0, (ii) as of December 31, 2017, 6.00 to 1.0, (iii) as of March 31, 2018, 5.75 to 1.0, (iv) as of June 30, 2018, 5.50 to 1.0, (v) as of September 30, 2018, 5.50 to 1.0, (vi) as of December 31, 2018, 5.50 to 1.0 and (vii) thereafter, 5.50 to 1.0. In the event both the dispositions of the 7-Eleven Assets and the disposition of the West Texas Assets have been consummated, the Partnership must maintain a leverage ratio of not more than (i) as of the last day of each fiscal quarter through September 30, 2017, 6.75 to 1.0, (ii) as of December 31, 2017, 5.75 to 1.0, (iii) as of March 31, 2018, 5.75 to 1.0, (iv) as of June 30, 2018, 5.50 to 1.0, (v) as of September 30, 2018, 5.50 to 1.0, (vi) as of December 31, 2018, 5.50 to 1.0 and (vii) thereafter, 5.50 to 1.0. Notwithstanding the foregoing, if a specified acquisition period is in effect at any time that the maximum leverage ratio would otherwise be 5.50 to 1.0, such maximum leverage ratio shall be 6.00 to 1.0. As of March 31, 2018, the balance on the 2014 Revolver was zero, and $8 million in standby letters of credit were outstanding. The unused availability on the 2014 Revolver at March 31, 2018 was $1.5 billion. The Partnership was in compliance with all financial covenants at March 31, 2018. Sale Leaseback Financing Obligation On April 4, 2013, Southside Oil, LLC (“Southside”) completed a sale leaseback transaction with two separate companies for 50 of its dealer operated sites. As Southside did not meet the criteria for sale leaseback accounting, this transaction was accounted for as a financing arrangement over the course of the lease agreement. The obligations mature in varying dates through 2033, require monthly interest and principal payments, and bear interest at 5.125%. The obligation related to this transaction is included in long-term debt and the balance outstanding as of March 31, 2018 was $111 million. Fair Value Measurements We use fair value measurements to measure, among other items, purchased assets, investments, leases and derivative contracts. We also use them to assess impairment of properties, equipment, intangible assets and goodwill. An asset's fair value is defined as the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Where available, fair value is based on observable market prices or parameters, or is derived from such prices or parameters. Where observable prices or inputs are not available, unobservable prices or inputs are used to estimate the current fair value, often using an internal valuation model. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the item being valued. ASC 820 “Fair Value Measurements and Disclosures” prioritizes the inputs used in measuring fair value into the following hierarchy:
The estimated fair value of debt is calculated using Level 2 inputs. The fair value of debt as of March 31, 2018, is estimated to be approximately $2.2 billion, based on outstanding balances as of the end of the period using current interest rates for similar securities. |
Other noncurrent liabilities Other noncurrent liabilities |
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Other Noncurrent Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Liabilities Disclosure [Text Block] | Other Noncurrent Liabilities Other noncurrent liabilities consisted of the following:
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Related-Party Transactions |
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Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||
Related-Party Transactions | Related-Party Transactions We are party to the following fee-based commercial agreements with various affiliates of ETP:
We are party to the Susser Distribution Contract, a 10-year agreement under which we are the exclusive distributor of motor fuel at cost (including tax and transportation costs), plus a fixed profit margin per gallon to Susser’s existing Stripes convenience stores and independently operated commission agent locations. This profit margin is eliminated through consolidation from the date of common control, September 1, 2014, and thereafter, in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). We are party to the Sunoco Distribution Contract, a 10-year agreement under which we are the exclusive distributor of motor fuel to Sunoco Retail’s convenience stores. Pursuant to the agreement, pricing is cost plus a fixed margin per gallon. This profit margin is eliminated through consolidation from the date of common control, September 1, 2014, and thereafter, in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). In connection with the closing of our IPO on September 25, 2012, we also entered into an Omnibus Agreement with Susser (the “Omnibus Agreement”). Pursuant to the Omnibus Agreement, among other things, the Partnership received a three-year option to purchase from Susser up to 75 of Susser's new or recently constructed Stripes convenience stores at Susser's cost and lease the stores back to Susser at a specified rate for a 15-year initial term. The Partnership is the exclusive distributor of motor fuel to such stores for a period of 10 years from the date of purchase. During 2015, we completed all 75 sale-leaseback transactions under the Omnibus Agreement. Summary of Transactions Significant affiliate activity related to the Consolidated Balance Sheets and Statements of Operations and Comprehensive Income (Loss) is as follows:
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Revenue (Notes) |
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Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contract with Customer [Text Block] |
Disaggregation of Revenue We operate our business in two primary operating segments, wholesale and retail, both of which are included as reportable segments. We disaggregate revenue within the operating segments by channels. The following table depicts the disaggregation of revenue by segment:
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Wholesale Revenue The Partnership’s wholesale operations earn revenue from the following channels: sales to Dealers, sales to Distributors, Unbranded Wholesale Revenue, Commission Agent Revenue, Rental Income, and Other Income. Wholesale motor fuel revenue consists primarily of the sale of motor fuel under supply agreements with third party customers and affiliates. Fuel supply contracts with our wholesale customers generally provide that we distribute motor fuel at a formula price based on published rates, volume-based profit margin, and other terms specific to the agreement. The customer is invoiced the agreed-upon price with most payment terms ranging less than 30 days. If the consideration promised in a contract includes a variable amount, the Partnership estimates the variable consideration amount and factors in such an estimate to determine the transaction price under the expected value method. Revenue is recognized under the wholesale motor fuel contracts at the point in time the customer takes control of the fuel. At the time control is transferred to the customer the sale is considered final, because the agreements do not grant customers the right to return motor fuel. Under the new standard, to determine when control transfers to the customer, the shipping terms of the contract are assessed as shipping terms are considered a primary indicator of the transfer of control. For FOB shipping point terms, revenue is recognized at the time of shipment. The performance obligation with respect to the sale of goods is satisfied at the time of shipment since the customer gains control at this time under the terms. Shipping and/or handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs. Once the goods are shipped, the Partnership is precluded from redirecting the shipment to another customer and revenue is recognized. Commission agent revenue consists of sales from consignment agreements between the Partnership and select operators. The Partnership supplies motor fuel to sites operated by commission agents and sells the fuel directly to the end customer. In consignment arrangements, control of the product is transferred at the point in time when the goods are removed from consignment stock and sold to the end customer. To reflect the transfer of control, the Partnership recognizes consignment revenue at the point in time fuel is sold to the end customer. Retail Revenue The Partnership’s retail operations earn revenue from the following channels: Retail Motor Fuel Sales, Merchandise Sales, and Other Income. Retail Motor Fuel Sales consist of fuel sales to consumers at company-operated retail convenience stores. Merchandise Revenue comprises the in-store merchandise and foodservice sales at company-operated convenience stores. Other Income represents a variety of other services within our retail segment including car washes, lottery, automated teller machines, money orders, prepaid phone cards and wireless services. Revenue from retail operations is recognized when (or as) the performance obligations are satisfied (i.e. when the customer obtains control of the good). Contract Balances with Customers The Partnership satisfies its obligations by transferring goods or services in exchange for consideration from customers. The timing of performance may differ from the timing the associated consideration is paid to or received from the customer, thus resulting in the recognition of a contract asset or a contract liability. The Partnership recognizes a contract asset when making upfront consideration payments to certain customers. The upfront considerations represent a pre-paid incentive, as these payments are not made for distinct goods or services provided by the customer. The pre-payment incentives are recognized as a contract asset upon payment and amortized as a reduction of revenue over the term of the specific agreement. The Partnership recognizes a contract liability if the customer's payment of consideration precedes the entity's fulfillment of the performance obligations. We maintain some franchise agreements requiring dealers to make one-time upfront payments for long term license agreements. The Partnership recognizes a contract liability when the upfront payment is received and recognizes revenue over the term of the license. 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 doubtful accounts. The allowance for receivables represents our best estimate of the probable losses associated with potential customer defaults. We determine the allowance based on historical experience and on a specific identification basis. The opening and closing balances of the Partnership’s contract assets and contract liabilities are as follows:
The amount of revenue recognized in the current period that was included in the opening contract liability balance was $0.1 million. This amount of revenue is a result of changes in the transaction price of the Partnership’s contracts with customers. The difference in the opening and closing balances of the contract asset and contract liability primarily results from the timing difference between entity's performance and the customer’s payment. Performance Obligations At contract inception, the Partnership assesses the goods and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer a good or service (or bundle of goods or services) that is distinct. To identify the performance obligations, the Partnership considers all the goods or services promised in the contract, whether explicitly stated or implied based on customary business practices. For a contract that has more than one performance obligation, the Partnership allocates the total contract consideration to each distinct performance obligation on a relative standalone selling price basis. Revenue is recognized when (or as) the performance obligations are satisfied, that is, when the customer obtains control of the good or service. The Partnership distributes fuel under long-term contracts to branded distributors, branded and unbranded third party dealers, and branded and unbranded retail fuel outlets. Sunoco-branded supply contracts with distributors generally have both time and volume commitments that establish contract duration. These contracts have an initial term of approximately nine years, with an estimated, volume-weighted term remaining of approximately four years. As part of the Purchase Agreement with 7-Eleven, the Partnership and 7-Eleven and SEI Fuel (collectively, the “Distributor”) have entered into a 15-year take-or-pay fuel supply agreement in which the Distributor is required to purchase a minimum volume of fuel annually. We expect to recognize this revenue in accordance with the contract as we transfer control of the product to the customer. However, in case of annual shortfall we will recognize the amount payable by the Distributor ratably over the remaining period associated with the shortfall. The transaction price of the contract is variable in nature, fluctuating based on market conditions. The Partnership has elected to take the practical expedient not to estimate the amount of variable consideration allocated to wholly unsatisfied performance obligations. In some contractual arrangements, the Partnership grants dealers a franchise license to operate the Partnership’s convenience stores over the life of a franchise agreement. In return for the grant of the convenience store license, the dealer makes a one-time nonrefundable franchise fee payment to the Partnership plus sales based royalties payable to the Partnership at a contractual rate during the period of the franchise agreement. Under the requirements of ASC Topic 606, the franchise license is deemed to be a symbolic license for which recognition of revenue over time is the most appropriate measure of progress toward complete satisfaction of the performance obligation. Revenue from this symbolic license is recognized evenly over the license period. As of March 31, 2018, the aggregate amount of revenue expected to be recognized related to unsatisfied or partially satisfied franchise fee performance obligations (contract liabilities) is approximately $0.4 million for the remainder of 2018, $0.3 million in 2019, $0.2 million in 2020, and $0.1 million thereafter. Costs to Obtain or Fulfill a Contract The Partnership recognizes an asset from the costs incurred to obtain a contract (e.g. sales commissions) only if it expects to recover those costs. On the other hand, the costs to fulfill a contract are capitalized if the costs are specifically identifiable to a contract, would result in enhancing resources that will be used in satisfying performance obligations in future, and are expected to be recovered. These capitalized costs are recorded as a part of Other Assets and are amortized on a systematic basis consistent with the pattern of transfer of the goods or services to which such costs relate. The amount of amortization expense that the Partnership recognized for the period ended March 31, 2018 was $3 million. The Partnership has also made a policy election of expensing the costs to obtain a contract, as and when they are incurred, in cases where the expected amortization period is one year or less. Practical Expedients Selected by the Partnership For the period ended March 31, 2018, the Partnership elected the following practical expedients in accordance with ASC 606:
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Commitments And Contingencies |
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Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies | Commitments and Contingencies Leases The Partnership leases certain convenience store and other properties under non-cancellable operating leases whose initial terms are typically 5 to 15 years, with some having a term of 40 years or more, along with options that permit renewals for additional periods. Minimum rent is expensed on a straight-line basis over the term of the lease. In addition, certain leases require additional contingent payments based on sales or motor fuel volumes. We typically are responsible for payment of real estate taxes, maintenance expenses and insurance. These properties are either sublet to third parties or used for our convenience store operations. Net rent expense consisted of the following:
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Interest Expense, net |
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Interest Expense, net | Interest Expense, net Components of net interest expense were as follows:
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Income Tax Expense |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Expense | Income Tax Expense As a partnership, we are generally not subject to federal income tax and most state income taxes. However, the Partnership conducts certain activities through corporate subsidiaries which are subject to federal and state income taxes. Our effective tax rate differs from the statutory rate primarily due to Partnership earnings that are not subject to U.S. federal and most state income taxes at the Partnership level. A reconciliation of income tax expense from continuing operations at the U.S. federal statutory rate to net income tax expense (benefit) is as follows:
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Partners' Capital |
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Partners' Capital | Partners' Capital As of March 31, 2018, ETE and ETP or their subsidiaries owned 28,463,967 common units, which constitutes 34.5% of our outstanding common units. As of March 31, 2018, our consolidated subsidiaries owned 16,410,780 Class C units representing limited partner interests in the Partnership (the “Class C Units”) and the public owned 54,028,041 common units. Series A Preferred Units On March 30, 2017, the Partnership entered into a Series A Preferred Unit Purchase Agreement with ETE, relating to the issue and sale by the Partnership to ETE of 12,000,000 Series A Preferred Units (the “Preferred Units”) representing limited partner interests in the Partnership at a price per Preferred Unit of $25.00 (the “Offering”). The Offering closed on March 30, 2017, and the Partnership received proceeds from the Offering of $300 million, which it used to repay indebtedness under its revolving credit facility. On January 25, 2018, the Partnership redeemed all outstanding Series A Preferred Units held by ETE for an aggregate redemption amount of approximately $313 million. The redemption amount includes the original consideration of $300 million and a 1% call premium plus accrued and unpaid quarterly distributions. Common Units 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 ETP 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. Activity of our common units for the three months ended March 31, 2018 is as follows:
Allocation of Net Income Our Partnership Agreement contains provisions for the allocation of net income and loss to the unitholders. For purposes of maintaining partner capital accounts, the Partnership Agreement specifies that items of income and loss shall be allocated among the partners in accordance with their respective percentage interest. Normal allocations according to percentage interests are made after giving effect, if any, to priority income allocations in an amount equal to incentive cash distributions allocated 100% to ETE. The calculation of net income allocated to the partners is as follows (in millions, except per unit amounts):
Class C Units Class C Units (i) are not convertible or exchangeable into Common Units or any other units of the Partnership and are non-redeemable; (ii) are entitled to receive distributions of available cash of the Partnership (other than available cash derived from or attributable to any distribution received by the Partnership from PropCo, the proceeds of any sale of the membership interests of PropCo, or any interest or principal payments received by the Partnership with respect to indebtedness of PropCo or its subsidiaries) at a fixed rate equal to $0.8682 per quarter for each Class C Unit outstanding, (iii) do not have the right to vote on any matter except as otherwise required by any non-waivable provision of law, (iv) are not allocated any items of income, gain, loss, deduction or credit attributable to the Partnership’s ownership of, or sale or other disposition of, the membership interests of PropCo, or the Partnership’s ownership of any indebtedness of PropCo or any of its subsidiaries (“PropCo Items”), (v) will be allocated gross income (other than from PropCo Items) in an amount equal to the cash distributed to the holders of Class C Units and (vi) will be allocated depreciation, amortization and cost recovery deductions as if the Class C Units were Common Units and 1% of certain allocations of net termination gain (other than from PropCo Items). Pursuant to the terms described above, these distributions do not have an impact on the Partnership’s consolidated cash flows and as such, are excluded from total cash distributions and allocation of limited partners’ interest in net income. For the three months ended March 31, 2018, Class C distributions declared totaled $14 million. Incentive Distribution Rights The following table illustrates the percentage allocations of available cash from operating surplus between our common unitholders and the holder of our incentive distribution rights (“IDRs”) based on the specified target distribution levels, after the payment of distributions to Class C unitholders. The amounts set forth under “marginal percentage interest in distributions” are the percentage interests of our IDR holder and the common unitholders in any available cash from operating surplus we distribute up to and including the corresponding amount in the column “total quarterly distribution per unit target amount.” 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.
Cash Distributions Our Partnership Agreement sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive. Cash distributions paid or payable during 2018 were as follows:
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Unit-Based Compensation |
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Unit-Based Compensation | Unit-Based Compensation The Partnership has issued phantom units to its employees and non-employee directors, which vest 60% after three years and 40% after five years. Phantom units have the right to receive distributions prior to vesting. The fair value of these units is the market price of our common units on the grant date, and is amortized over the five-year vesting period using the straight-line method. Unit-based compensation expense related to the Partnership included in our Consolidated Statements of Operations and Comprehensive Income was $3 million and $4 million for the three months ended March 31, 2018 and 2017, respectively. The total fair value of phantom units vested during the three months ended March 31, 2018 and 2017, was $5 million and $0.4 million, respectively, based on the market price of SUN’s common units as of the vesting date. Unrecognized compensation cost related to our nonvested restricted phantom units totaled $27 million as of March 31, 2018, which is expected to be recognized over a weighted average period of 3.78 years. The fair value of nonvested phantom units outstanding as of March 31, 2018 totaled $56 million. A summary of our phantom unit award activity is as follows:
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Segment Reporting |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting | Segment Reporting Segment information is prepared on the same basis that our Chief Operating Decision Maker (“CODM”) reviews financial information for operational decision-making purposes. We operate our business in two primary segments, wholesale and retail, both of which are included as reportable segments. No operating segments have been aggregated in identifying the two reportable segments. We allocate shared revenue and costs to each segment based on the way our CODM measures segment performance. Partnership overhead costs, interest and other expenses not directly attributable to a reportable segment are allocated based on segment gross profit. We report EBITDA and Adjusted EBITDA by segment as a measure of segment performance. We define EBITDA as net income before net interest expense, income tax expense and depreciation, amortization and accretion expense. We define Adjusted EBITDA to include adjustments for non-cash compensation expense, gains and losses on disposal of assets and impairment charges, unrealized gains and losses on commodity derivatives and inventory adjustments. Wholesale Segment Our wholesale segment purchases motor fuel primarily from independent refiners and major oil companies and supplies it to our retail segment, to independently-operated dealer stations under long-term supply agreements, and to distributors and other consumers of motor fuel. Also included in the wholesale segment are motor fuel sales to commission agent locations and sales and costs related to processing transmix. We distribute motor fuels across more than 30 states throughout the East Coast and Southeast regions of the United States from Maine to Florida and from Florida to New Mexico, as well as Hawaii. Sales of fuel from our wholesale segment to our retail segment are delivered at cost plus a profit margin. These amounts are reflected in intercompany eliminations of motor fuel revenue and motor fuel cost of sales. Also included in our wholesale segment is rental income from properties that we lease or sublease. Retail Segment Prior to the completion of the Retail Divestment, our retail segment primarily operated branded retail convenience stores across more than 20 states throughout the East Coast and Southeast regions of the United States with a significant presence in Texas, Pennsylvania, New York, Florida, and Hawaii. These stores offer motor fuel, merchandise, foodservice, and a variety of other services including car washes, lottery, automated teller machines, money orders, prepaid phone cards and wireless services. The operations of the Retail Divestment are included in discontinued operations in the following segment information. Subsequent to the completion of the Retail Divestment, the remaining retail segment includes the Partnership's ethanol plant, credit card services, franchise royalties, and its retail operations in Hawaii and the continental United States. The following tables present financial information by segment for the three months ended March 31, 2018 and 2017:
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Net Income per Unit |
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Net Income Per Unit [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income per Unit | Net Income per Unit Net income per unit applicable to limited partners is computed by dividing limited partners’ interest in net income by the weighted‑average number of outstanding common units. Our net income is allocated to the limited partners in accordance with their respective partnership percentages, after giving effect to any priority income allocations for incentive distributions and distributions on employee unit awards. Earnings in excess of distributions are allocated to the limited partners based on their respective ownership interests. Payments made to our unitholders are determined in relation to actual distributions declared and are not based on the net income allocations used in the calculation of net income per unit. In addition to the common units, we identify the IDRs as participating securities and use the two-class method when calculating net income per unit applicable to limited partners, which is based on the weighted-average number of common units outstanding during the period. Diluted net income per unit includes the effects of potentially dilutive units on our common units, consisting of unvested phantom units. A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:
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Organization and Principles of Consolidation Organization and Principles of Consolidation (Policies) |
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Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation and Significant Accounting Policies [Text Block] | All significant intercompany accounts and transactions have been eliminated in consolidation. Certain items have been reclassified for presentation purposes to conform to the accounting policies of the consolidated entity. These reclassifications had no material impact on gross profit, income from operations, net income (loss) and comprehensive income (loss), the balance sheets or statements of cash flows. |
Summary of Significant Accounting Policies (Policies) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Motor Fuel and Sales Taxes | Motor Fuel and Sales Taxes Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealer and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales. For retail locations where the Partnership holds inventory, including consignment arrangements, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $53 million and $76 million for the three months ended March 31, 2018 and 2017, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). |
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Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements FASB ASU No. 2016-02. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02, Leases (Topic 842), which amends the FASB Accounting Standards Codification and creates Topic 842, Leases. This Topic requires Balance Sheet recognition of lease assets and lease liabilities for leases classified as operating leases under previous GAAP, excluding short-term leases of 12 months or less. This ASU is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. In January 2018, the FASB proposed amending the new leasing guidance such that entities may elect not to restate their comparative periods in the period of adoption. We are currently evaluating the effect that the updated standard will have on our consolidated balance sheets and related disclosures. We are in the process of evaluating our lease contracts to determine the potential impact of adopting the new standard. At this point in our evaluation process, we have determined that the timing and/or amount of lease assets and lease liabilities that we recognize on certain contracts will be impacted by the adoption of the new standard; however, we are still in the process of quantifying this impact. In addition, we are in the process of implementing appropriate changes to our business processes, systems and controls to support recognition and disclosure under the new standard. We continue to monitor additional authoritative or interpretive guidance related to the new standard as it becomes available, as well as comparing our conclusions on specific interpretative issues to other peers in our industry, to the extent that such information is available to us. In January 2018, the FASB issued Accounting Standards Update No. 2018-01, which provides an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under Topic 840. The Partnership expects to adopt ASU 2016-02 and elect the practical expedient under ASU 2018-01 in the first quarter of 2019 and is currently evaluating the impact that adopting this new standard will have on the consolidated financial statements and related disclosures. Recently Adopted Accounting Pronouncement FASB ASU No. 2014-09. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification (“ASC”) Topic 606. On January 1, 2018 we adopted ASC Topic 606, which is effective for interim and annual reporting periods beginning on or after December 15, 2017. The new standard requires us to recognize revenue when a customer obtains control rather than when we have transferred substantially all risks and rewards of a good or service and requires expanded disclosures. It also outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers and supersedes ASC 605 - Revenue Recognition and industry-specific guidance. We have completed a detailed review of revenue contracts representative of our business segments and their revenue streams as of the adoption date. As a result of the evaluation performed, we have determined that the timing and amount of revenue that we recognize on certain contracts is impacted by the adoption of the new standard. These adjustments are primarily related to the change in recognition of dealer incentives and rebates. In addition to the evaluation performed, we have made appropriate design and implementation updates to our business processes, systems and internal controls to support recognition and disclosure under the new standard. The Partnership has elected to apply the modified retrospective method to adopt the new standard. The implementation of the new standard has an impact on the measurement of recognition of revenue. The cumulative and ongoing effects of the adoption impact the following financials - the Consolidated Balance Sheet, the Consolidated Statement of Operations and Comprehensive Income (Loss), and the Statement of Equity. Additionally, new disclosures have been added in accordance with ASC Topic 606. Utilizing the practical expedients allowed under the modified retrospective adoption method, ASC Topic 606 was only applied to existing contracts for which the Partnership has remaining performance obligations as of January 1, 2018, and new contracts entered into after January 1, 2018. ASC Topic 606 was not applied to contracts that were completed prior to January 1, 2018. For contracts in scope of the new revenue standard as of January 1, 2018, we recognized a cumulative effect adjustment to retained earnings to account for the differences in timing of revenue recognition. The comparative information has not been restated under the modified retrospective method and continues to be reported under the accounting standards in effect for those periods. The material adjustments to the opening balance sheet primarily relate to a change in timing of revenue recognition for variable consideration, such as incentives paid to customers, as well as a change in timing of revenue recognition for franchise fee revenue. Historically, an asset was recognized related to the contract incentives which was amortized over the life of the agreement. Under the new standard, the timing of the recognition of incentives changed due to application of the expected value method to estimate variable consideration. Additionally, under the new standard the change in timing of franchise fee revenue is due to the treatment of revenue recognition from the symbolic license over the term of the agreement. The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU No. 2014-09 was as follows:
The adoption of the new revenue standard resulted in reclassifications to/from revenue, cost of sales, and operating expenses. Additionally, changes in timing of revenue recognition have required the creation of contract asset or contract liability balances, as well as certain balance sheet reclassifications. In accordance with the requirements of Topic 606, the disclosure below shows the impact of adopting the new standard on the income statement and the balance sheet.
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Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU No. 2014-09 was as follows:
The adoption of the new revenue standard resulted in reclassifications to/from revenue, cost of sales, and operating expenses. Additionally, changes in timing of revenue recognition have required the creation of contract asset or contract liability balances, as well as certain balance sheet reclassifications. In accordance with the requirements of Topic 606, the disclosure below shows the impact of adopting the new standard on the income statement and the balance sheet.
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Discontinued Operations (Tables) |
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Discontinued Operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
schedule of assets and liabilities classified as held for sale [Table Text Block] | The following tables present the aggregate carrying amounts of assets and liabilities classified as held for sale in the Consolidated Balance Sheets:
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schedule of operation results associated with discontinued operations [Table Text Block] | The results of operations associated with discontinued operations are presented in the following table:
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Accounts Receivable, net (Tables) |
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Accounts Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts Receivable | Accounts receivable, net, consisted of the following:
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Schedule of Inventories | Inventories, net, consisted of the following:
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Property And Equipment, net (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Property and Equipment | Property and equipment, net, consisted of the following:
|
Goodwill and Other Intangible Assets (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets | Other Intangible Assets Gross carrying amounts and accumulated amortization for each major class of intangible assets, excluding goodwill, consisted of the following:
_______________________________
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Accrued Expenses and Other Current Liabilities (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued Expenses And Other Current Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accrued Liabilities | Current accrued expenses and other current liabilities consisted of the following:
|
Long-Term Debt (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long-term Debt | Long-term debt consisted of the following:
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Other noncurrent liabilities (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change of asset retirement obligations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Noncurrent Liabilities [Table Text Block] |
|
Revenue (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Table Text Block] | The following table depicts the disaggregation of revenue by segment:
________________________________
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Contract with Customer, Asset and Liability [Table Text Block] | The opening and closing balances of the Partnership’s contract assets and contract liabilities are as follows:
The amount of revenue recognized in the current period that was included in the opening contract liability balance was $0.1 million. This amount of revenue is a result of changes in the transaction price of the Partnership’s contracts with customers. The difference in the opening and closing balances of the contract asset and contract liability primarily results from the timing difference between entity's performance and the customer’s payment. |
Commitments And Contingencies (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Rent Expense | Net rent expense consisted of the following:
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Interest Expense, net (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Income (Expense), Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Interest Expense Net | nterest expense were as follows:
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Income Tax Expense (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income tax expense from continuing operations at the U.S. federal statutory rate to net income tax expense (benefit) is as follows:
|
Partners' Capital (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Partners' Capital [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distribution of Preferred Unit [Table Text Block] |
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Schedule of Common Units | Activity of our common units for the three months ended March 31, 2018 is as follows:
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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):
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Schedule of Incentive Distribution Rights to Limited Partners | The following table illustrates the percentage allocations of available cash from operating surplus between our common unitholders and the holder of our incentive distribution rights (“IDRs”) based on the specified target distribution levels, after the payment of distributions to Class C unitholders. The amounts set forth under “marginal percentage interest in distributions” are the percentage interests of our IDR holder and the common unitholders in any available cash from operating surplus we distribute up to and including the corresponding amount in the column “total quarterly distribution per unit target amount.” 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.
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Distributions Made to Limited Partner, by Distribution | ash distributions paid or payable during 2018 were as follows:
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Unit-Based Compensation (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Nonvested Share Activity | A summary of our phantom unit award activity is as follows:
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Segment Reporting (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reportable Segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
________________________________
|
Net Income per Unit (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income Per Unit [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Net Income per Unit, Basic and Diluted | A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:
|
Organization and Principles of Consolidation - Additional Information (Details) $ in Billions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2018
state
store
segment
|
Apr. 02, 2018
store
|
Jan. 23, 2018
USD ($)
|
Jan. 18, 2017
store
|
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Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Number of Stores | store | 47 | 97 | ||
Percentage of membership interest acquired | 100.00% | |||
Number of operating segments | segment | 2 | |||
Sunoco LLC [Member] | Minimum [Member] | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Number of states in which entity operates (more than) | state | 30 | |||
Motor Fuels [Member] | Minimum [Member] | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Number of states in which entity operates (more than) | state | 30 | |||
Energy Transfer Partners Limited Partnership [Member] | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 2.30% | |||
ETE [Member] | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 26.50% | |||
7-Eleven sales [Member] | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Business acquisition, total purchase price | $ | $ 3.2 | |||
Subsequent Event [Member] | TEXAS | ||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ||||
Number of Stores | store | 207 |
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Accounting Policies [Abstract] | ||
Motor fuel and sales taxes | $ 53 | $ 76 |
Summary of Significant Accounting Policies Cumulative Effect of Changes due to Adoption of ASU 2014-09 (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
---|---|---|---|
Other current assets | $ 71 | $ 89 | $ 81 |
Property and equipment, net | 1,522 | 1,557 | 1,557 |
Intangible assets, net | (656) | (668) | (768) |
Other noncurrent assets | 91 | 84 | 45 |
Other noncurrent liabilities | 137 | 126 | 125 |
Common Units | |||
Total partners' capital | $ 932 | 1,893 | $ 1,947 |
Accounting Standards Update 2014-09 [Member] | |||
Other current assets | 8 | ||
Property and equipment, net | 0 | ||
Intangible assets, net | (100) | ||
Other noncurrent assets | 39 | ||
Other noncurrent liabilities | 1 | ||
Total partners' capital | $ (54) |
Summary of Significant Accounting Policies Effect of change related to ASU 2014-09 (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
|
Revenues | $ 3,749 | ||
Depreciation, amortization and accretion | (49) | ||
Other current assets | 71 | $ 89 | $ 81 |
Property and equipment, net | 1,522 | 1,557 | 1,557 |
Intangible assets, net | (656) | (668) | (768) |
Other noncurrent assets | 91 | 84 | 45 |
Other noncurrent liabilities | 137 | 126 | 125 |
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||
Sales Revenue From Wholesale Fuel Sales To Third Parties | (10) | ||
Other | 0 | ||
Other | (1) | ||
Other operating | (2) | ||
Depreciation, amortization and accretion | (6) | ||
Other current assets | 9 | ||
Property and equipment, net | 0 | ||
Intangible assets, net | (105) | ||
Other noncurrent assets | 42 | ||
Other noncurrent liabilities | 1 | ||
Total partners' capital | (55) | ||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||
Sales Revenue From Wholesale Fuel Sales To Third Parties | 3,104 | ||
Other | 41 | ||
Other | (15) | ||
Other operating | (100) | ||
Depreciation, amortization and accretion | (55) | ||
Other current assets | 62 | ||
Property and equipment, net | 1,522 | ||
Intangible assets, net | (761) | ||
Other noncurrent assets | 49 | ||
Other noncurrent liabilities | 136 | ||
Total partners' capital | 987 | ||
Common Units | |||
Total partners' capital | $ 932 | $ 1,893 | $ 1,947 |
Acquisitions - Additional Information (Details) $ in Millions |
3 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Apr. 03, 2018
USD ($)
|
Apr. 02, 2018
USD ($)
store
|
Mar. 31, 2018
USD ($)
store
shares
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
shares
|
Jan. 18, 2017
store
|
Apr. 01, 2015 |
|
Business Acquisition [Line Items] | |||||||
Percentage of membership interest acquired | 100.00% | ||||||
Revenues | $ 3,749 | ||||||
Net income (loss) | $ (315) | $ 1 | |||||
Number of Stores | store | 47 | 97 | |||||
Common Units [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Limited partners' capital account, units issued (in shares) | shares | 82,492,008 | 99,667,999 | |||||
Six Point Three Seven Five Percentage Senior Notes Due Two Thousand Twenty Three [Member] | Senior Notes [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Interest rate, stated percentage | 6.375% | ||||||
Subsequent Event [Member] | TEXAS | |||||||
Business Acquisition [Line Items] | |||||||
Number of Stores | store | 207 | ||||||
Subsequent Event [Member] | Superior Plus Corporation [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Consideration Transferred | $ 40 | ||||||
Number Of Fuel Storage Terminals | 3 | ||||||
Subsequent Event [Member] | 7-Eleven sales [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Consideration Transferred | $ 50 | ||||||
Number of Stores | store | 26 |
Acquisitions (Recognized Identified Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|
Business Acquisition [Line Items] | ||
Goodwill | $ 1,430 | $ 1,430 |
Discontinued Operations Narrative (Details) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Mar. 31, 2018
USD ($)
store
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
Jan. 18, 2017
store
|
|||
Goodwill, Impairment Loss | $ 387 | |||||
Number of Stores | store | 47 | 97 | ||||
Goodwill | $ 1,430 | 1,430 | ||||
Non-cash unit based compensation expense | [1] | $ 3 | $ 4 | |||
Store under Contract [Member] | ||||||
Number of Stores | store | 1 | |||||
Store sales to 7-Eleven [Domain] | ||||||
Number of Stores | store | 32 | |||||
Store Sold to Other Entities [Domain] | ||||||
Number of Stores | store | 9 | |||||
Store on Market [Domain] | ||||||
Number of Stores | store | 8 | |||||
Retail Segment [Member] | ||||||
Goodwill, Impairment Loss | $ (102) | |||||
Goodwill | $ 678 | |||||
7-Eleven sales [Member] | ||||||
Business Acquisition, Transaction Costs | $ 1 | |||||
|
Discontinued Operations Balance Sheet Amounts of Discontinued Operations (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
---|---|---|---|
Inventories, net | $ 434 | $ 426 | |
Other current assets | 71 | $ 89 | 81 |
Assets held for sale | 6 | 3,313 | |
Assets Held-for-sale, Not Part of Disposal Group | 3,313 | ||
Capital Lease Obligations | 2 | 3 | |
Property and equipment, net | 1,522 | 1,557 | 1,557 |
Goodwill | 1,430 | 1,430 | |
Intangible assets, net | 656 | 668 | 768 |
Other noncurrent assets | 91 | 84 | 45 |
Other noncurrent liabilities | 137 | $ 126 | 125 |
Liabilities associated with assets held for sale | 0 | 75 | |
Discontinued Operations [Member] | |||
Cash | 0 | 21 | |
Inventories, net | 0 | 149 | |
Other current assets | 0 | 16 | |
Capital Lease Obligations | 0 | 21 | |
Property and equipment, net | 6 | 1,851 | |
Goodwill | 0 | 796 | |
Intangible assets, net | 0 | 477 | |
Other noncurrent assets | 0 | 3 | |
Other noncurrent liabilities | $ 0 | $ 54 |
Discontinued Operations Income Statement Data for Discontinued Operations (Details) - USD ($) $ in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Revenues | $ 3,749 | ||||
Depreciation, amortization and accretion | 49 | ||||
Rent | 15 | $ 20 | |||
Loss on disposal of assets | [1] | 26 | 7 | ||
Interest expense, net | [1] | 36 | 64 | ||
Gain (Loss) on Extinguishment of Debt | [1] | 129 | 0 | ||
Income tax expense (benefit) | 31 | (14) | |||
Loss from discontinued operations, net of income taxes | (237) | (11) | |||
Discontinued Operations [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Merchandise | 89 | 409 | |||
Rental income | 0 | 1 | |||
Other | 4 | 14 | |||
Revenues | 349 | 1,586 | |||
Merchandise cost of sales | 65 | 282 | |||
Other | 0 | 0 | |||
Cost of Revenue | 305 | 1,339 | |||
Gross Profit | 44 | 247 | |||
General and administrative | 2 | 32 | |||
Depreciation, amortization and accretion | 0 | 33 | |||
Other operating | 57 | 171 | |||
Rent | 4 | 14 | |||
Loss on disposal of assets | 23 | 5 | |||
Operating Expenses | 86 | 255 | |||
Operating Income (Loss) | (42) | (8) | |||
Interest expense, net | 2 | 6 | |||
Gain (Loss) on Extinguishment of Debt | 20 | 0 | |||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | (64) | (14) | |||
Income tax expense (benefit) | 173 | (3) | |||
Loss from discontinued operations, net of income taxes | (237) | (11) | |||
Discontinued Operations [Member] | Retail Motor Fuel [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Revenues | 256 | 1,162 | |||
Merchandise cost of sales | $ 240 | $ 1,057 | |||
|
Accounts Receivable, net ((Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for doubtful accounts | $ (2) | $ (2) |
Accounts receivable, net | 451 | 541 |
Trade Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, gross, current | 289 | 285 |
Credit Card Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, gross, current | 104 | 160 |
Vendor receivables for rebates, branding and other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, gross, current | 18 | 29 |
Other Receivables [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, gross, current | $ 42 | $ 69 |
Inventories, net (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|
Inventory Disclosure [Abstract] | ||
Energy Related Inventory, Natural Gas in Storage | $ 393 | $ 387 |
Merchandise | 30 | 30 |
Other | 11 | 9 |
Inventories, net | $ 434 | $ 426 |
Property And Equipment, net (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
---|---|---|---|
Property, Plant and Equipment [Line Items] | |||
Total property and equipment | $ 2,019 | $ 2,012 | |
Less: accumulated depreciation | 497 | 455 | |
Property and equipment, net | 1,522 | $ 1,557 | 1,557 |
Land [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total property and equipment | 523 | 516 | |
Buildings and leasehold improvements [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total property and equipment | 716 | 714 | |
Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total property and equipment | 660 | 623 | |
Construction in progress [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Total property and equipment | $ 120 | $ 159 |
Goodwill and Other Intangible Assets (Intangible Assets) - Additional Information (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2018 |
Dec. 31, 2017 |
|
Finite Lived Intangible Assets [Line Items] | ||
Goodwill | $ 1,430 | $ 1,430 |
Goodwill, Impairment Loss | 387 | |
Customer Relations And Supply Agreements [Member] | Weighted Average [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Remaining weighted-average life | 11 years | |
Favorable leasehold arrangements, net [Member] | Weighted Average [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Remaining weighted-average life | 14 years | |
Noncompete Agreements | Weighted Average [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Remaining weighted-average life | 13 years | |
Deferred Loan Origination Costs | Weighted Average [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Remaining weighted-average life | 2 years | |
Retail Segment [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Goodwill | $ 678 | |
Goodwill, Impairment Loss | (102) | |
Liquor Licenses [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Impairment of Intangible Assets (Excluding Goodwill) | 4 | |
Contractual Rights [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Impairment of Intangible Assets (Excluding Goodwill) | $ 13 |
Goodwill and Other Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
|||||
---|---|---|---|---|---|---|---|---|
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Finite-lived intangible assets, Gross carrying amount | $ 913 | $ 1,038 | ||||||
Finite-lived intangible assets, Accumulated amortization | 257 | 270 | ||||||
Intangible assets, net | 656 | $ 668 | 768 | |||||
Customer Relations And Supply Agreements [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Finite-lived intangible assets, Gross carrying amount | [1] | 549 | 674 | |||||
Finite-lived intangible assets, Accumulated amortization | [1] | 242 | 256 | |||||
Finite-lived intangible assets, Net | [1] | 307 | 418 | |||||
Favorable leasehold arrangements, net [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Finite-lived intangible assets, Gross carrying amount | 12 | 12 | ||||||
Finite-lived intangible assets, Accumulated amortization | 5 | 5 | ||||||
Finite-lived intangible assets, Net | 7 | 7 | ||||||
Deferred Loan Origination Costs | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Finite-lived intangible assets, Gross carrying amount | [2] | 10 | 10 | |||||
Finite-lived intangible assets, Accumulated amortization | [2] | 7 | 6 | |||||
Finite-lived intangible assets, Net | [2] | 3 | 4 | |||||
Other [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Finite-lived intangible assets, Gross carrying amount | 5 | 5 | ||||||
Finite-lived intangible assets, Accumulated amortization | 3 | 3 | ||||||
Finite-lived intangible assets, Net | 2 | 2 | ||||||
Trade Names [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Other Indefinite-lived Intangible Assets, Gross Carrying Amount | 295 | 295 | ||||||
Other Indefinite-lived Intangible Assets, Accumulated Amortization | 0 | 0 | ||||||
Other Indefinite-lived Intangible Assets | 295 | 295 | ||||||
Contractual Rights [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Other Indefinite-lived Intangible Assets, Gross Carrying Amount | 30 | 30 | ||||||
Other Indefinite-lived Intangible Assets, Accumulated Amortization | 0 | 0 | ||||||
Other Indefinite-lived Intangible Assets | 30 | 30 | ||||||
Liquor Licenses [Member] | ||||||||
Finite and Indefinite-Lived Intangible Asset by Major Class [Line Items] | ||||||||
Other Indefinite-lived Intangible Assets, Gross Carrying Amount | 12 | 12 | ||||||
Other Indefinite-lived Intangible Assets, Accumulated Amortization | 0 | 0 | ||||||
Other Indefinite-lived Intangible Assets | $ 12 | $ 12 | ||||||
|
Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|
Accrued Expenses And Other Current Liabilities [Abstract] | ||
Wage and other employee-related accrued expenses | $ 25 | $ 72 |
Accrued tax expense | 601 | 180 |
Accrued insurance | 14 | 26 |
Accrued interest expense | 25 | 43 |
Dealer deposits | 16 | 16 |
Other | 78 | 31 |
Total | $ 759 | $ 368 |
Long-Term Debt (Details) - USD ($) |
Mar. 31, 2018 |
Jan. 23, 2018 |
Dec. 31, 2017 |
||
---|---|---|---|---|---|
Debt Instrument [Line Items] | |||||
Sale leaseback financing obligation | $ 111,000,000 | $ 113,000,000 | |||
Line of credit | 0 | 765,000,000 | |||
Capital Lease Obligations | 2,000,000 | 3,000,000 | |||
Total debt | 2,313,000,000 | 4,324,000,000 | |||
Less: current maturities | 5,000,000 | 6,000,000 | |||
Less: debt issuance costs | 25,000,000 | 34,000,000 | |||
Long-term debt, net of current maturities | 2,283,000,000 | 4,284,000,000 | |||
Senior Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Term Loan (1) | $ 2,200,000,000.0 | ||||
Term Loan [Member] | |||||
Debt Instrument [Line Items] | |||||
Term Loan (1) | [1] | 1,243,000,000 | |||
2014 Revolver [Member] | |||||
Debt Instrument [Line Items] | |||||
Line of credit | 0 | 765,000,000 | |||
Four Point Eight Seven Five Percentage Senior Notes Due Two Thousand Twenty Three [Member] | Senior Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Term Loan (1) | 1,000,000,000.0 | ||||
Senior Notes | 1,000,000,000 | 0 | |||
Five Point Five Zero Zero Percentage Senior Notes Due Two Thousand Twenty Six [Member] | Senior Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Term Loan (1) | 800,000,000 | ||||
Senior Notes | 800,000,000 | 0 | |||
Five Point Eight Seven Five Percentage Senior Notes Due Two Thousand Twenty Eight [Member] | Senior Notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Term Loan (1) | $ 400,000,000 | ||||
Senior Notes | $ 400,000,000 | $ 0 | |||
|
Long-Term Debt (Term Loan) (Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
[1] | Dec. 31, 2017 |
Mar. 31, 2016 |
||
---|---|---|---|---|---|---|
Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Term Loan (1) | [1] | $ 1,243 | ||||
Medium-term Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Term Loan (1) | $ 0 | $ 2,035 | ||||
|
Long-Term Debt (5.500% Senior Notes Due 2020) (Details) - Senior Notes [Member] - USD ($) |
Mar. 31, 2018 |
Jan. 23, 2018 |
Dec. 31, 2017 |
Apr. 07, 2016 |
Jul. 20, 2015 |
|||
---|---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | ||||||||
Face amount | $ 2,200,000,000.0 | |||||||
Six Point Two Five Zero Percentage Senior Notes Due Two Thousand Twenty One [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior Notes | [1] | $ 0 | $ 800,000,000 | |||||
Face amount | $ 800,000,000 | |||||||
Senior Notes Call Premium | 32,000,000 | |||||||
Interest rate, stated percentage | 6.25% | |||||||
Five Point Five Zero Zero Percentage Senior Notes Due Two Thousand Twenty [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior Notes | [1] | $ 0 | $ 600,000,000 | |||||
Face amount | $ 600,000,000 | |||||||
Senior Notes Call Premium | $ 17,000,000 | |||||||
Interest rate, stated percentage | 5.50% | |||||||
|
Long-Term Debt (6.250% Senior Notes Due 2021) (Details) - Senior Notes [Member] - USD ($) |
Mar. 31, 2018 |
Jan. 23, 2018 |
Dec. 31, 2017 |
Apr. 07, 2016 |
||
---|---|---|---|---|---|---|
Debt Instrument [Line Items] | ||||||
Face amount | $ 2,200,000,000.0 | |||||
Six Point Two Five Zero Percentage Senior Notes Due Two Thousand Twenty One [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Senior Notes | [1] | $ 0 | $ 800,000,000 | |||
Face amount | $ 800,000,000 | |||||
Senior Notes Call Premium | $ 32,000,000 | |||||
Interest rate, stated percentage | 6.25% | |||||
|
Long-Term Debt (6.375% Senior Notes Due 2023) (Details) - Senior Notes [Member] - USD ($) |
Mar. 31, 2018 |
Jan. 23, 2018 |
Dec. 31, 2017 |
Apr. 01, 2015 |
||
---|---|---|---|---|---|---|
Debt Instrument [Line Items] | ||||||
Face amount | $ 2,200,000,000.0 | |||||
Six Point Three Seven Five Percentage Senior Notes Due Two Thousand Twenty Three [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Senior Notes | [1] | $ 0 | $ 800,000,000 | |||
Face amount | $ 800,000,000 | |||||
Interest rate, stated percentage | 6.375% | |||||
Senior Notes Call Premium | $ 44,000,000 | |||||
|
Long-Term Debt (Revolving Credit Agreement) (Details) $ in Millions |
Sep. 25, 2014
USD ($)
|
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017 |
Apr. 10, 2015
USD ($)
|
Apr. 04, 2013
dealer
|
---|---|---|---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | ||||||||||
Revolving line of credit | $ 0 | $ 765 | ||||||||
Number Of Dealer Operated Sites | dealer | 50 | |||||||||
2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Revolving line of credit | $ 0 | $ 765 | ||||||||
Revolving Credit Agreement [Member] | Maximum [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.50 | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,250 | $ 1,500 | ||||||||
Line of Credit Facility, Additional Borrowing Capacity | $ 250 | |||||||||
Debt Instrument, Additional Collateral For Debt | 66.00% | |||||||||
Revolving line of credit | $ 0 | |||||||||
Letters of Credit Outstanding, Amount | 8 | |||||||||
Current borrowing capacity | $ 1,500 | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Incremental Addition to One Month LIBOR [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 1.00% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Incremental Addition to Federal Funds Rate [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 0.50% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Minimum [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Commitment fee percentage | 0.25% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Minimum [Member] | Applicable Margin on LIBOR Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 1.50% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Minimum [Member] | Applicable Margin on Base Rate Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 0.50% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Maximum [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Commitment fee percentage | 0.50% | |||||||||
Debt Instrument, Covenant, Leverage Ratio | 6.00 | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Maximum [Member] | Applicable Margin on LIBOR Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 3.00% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | Maximum [Member] | Applicable Margin on Base Rate Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 2.00% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | External Credit Rating, Investment Grade [Member] | Minimum [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 0.125% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | External Credit Rating, Investment Grade [Member] | Minimum [Member] | Applicable Margin on LIBOR Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 1.125% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | External Credit Rating, Investment Grade [Member] | Minimum [Member] | Applicable Margin on Base Rate Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Commitment fee percentage | 0.125% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | External Credit Rating, Investment Grade [Member] | Maximum [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 1.00% | |||||||||
Commitment fee percentage | 0.275% | |||||||||
Revolving Credit Agreement [Member] | 2014 Revolver [Member] | External Credit Rating, Investment Grade [Member] | Maximum [Member] | Applicable Margin on LIBOR Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate | 2.00% | |||||||||
Revolving Credit Agreement [Member] | No disposition [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 6.50 | 6.75 | 6.75 | |||||||
Revolving Credit Agreement [Member] | Disposition of 7-Eleven Assets or West Texas Assets [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.75 | 6.00 | 6.75 | |||||||
Revolving Credit Agreement [Member] | Disposition of 7-Eleven Assets and West Texas Assets [Domain] [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.75 | 5.75 | 6.75 | |||||||
Subsequent Event [Member] | Revolving Credit Agreement [Member] | No disposition [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.50 | 5.75 | 6.00 | 6.25 | ||||||
Subsequent Event [Member] | Revolving Credit Agreement [Member] | Disposition of 7-Eleven Assets or West Texas Assets [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.50 | 5.50 | 5.50 | 5.50 | ||||||
Subsequent Event [Member] | Revolving Credit Agreement [Member] | Disposition of 7-Eleven Assets and West Texas Assets [Domain] [Domain] | 2014 Revolver [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt Instrument, Covenant, Leverage Ratio | 5.50 | 5.50 | 5.50 | 5.50 |
Long-Term Debt (Sale Leaseback Financing Obligation) (Details) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Apr. 04, 2013
company
dealer
|
|
Debt Disclosure [Abstract] | |||
Number of companies completed sale leaseback transaction | company | 2 | ||
Number of dealer operated sites | dealer | 50 | ||
Sale Leaseback Transaction, Imputed Interest Rate | 5.125% | ||
Sale leaseback financing obligation | $ | $ 111 | $ 113 |
Long-Term Debt 2018 Private Offering of Senior Notes (Details) - USD ($) |
3 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Feb. 07, 2018 |
Jan. 25, 2018 |
Mar. 31, 2018 |
Jan. 23, 2018 |
Apr. 07, 2016 |
Jul. 20, 2015 |
Apr. 01, 2015 |
|
Redemption of Preferred units | $ (300,000,000) | ||||||
Common Unit Repurchase, Unit Repurchased | 17,286,859 | ||||||
Common Unit Repurchase, Cash Consideration | $ 540,000,000 | $ 540,000,000 | |||||
Senior Notes [Member] | |||||||
Face amount | $ 2,200,000,000.0 | ||||||
Four Point Eight Seven Five Percentage Senior Notes Due Two Thousand Twenty Three [Member] | Senior Notes [Member] | |||||||
Face amount | $ 1,000,000,000.0 | ||||||
Interest rate, stated percentage | 4.85% | 4.875% | |||||
Five Point Five Zero Zero Percentage Senior Notes Due Two Thousand Twenty Six [Member] | Senior Notes [Member] | |||||||
Face amount | $ 800,000,000 | ||||||
Interest rate, stated percentage | 5.50% | 5.50% | |||||
Five Point Eight Seven Five Percentage Senior Notes Due Two Thousand Twenty Eight [Member] | Senior Notes [Member] | |||||||
Face amount | $ 400,000,000 | ||||||
Interest rate, stated percentage | 5.875% | 5.875% | |||||
Six Point Two Five Zero Percentage Senior Notes Due Two Thousand Twenty One [Member] | Senior Notes [Member] | |||||||
Face amount | $ 800,000,000 | ||||||
Interest rate, stated percentage | 6.25% | ||||||
Five Point Five Zero Zero Percentage Senior Notes Due Two Thousand Twenty [Member] | Senior Notes [Member] | |||||||
Face amount | $ 600,000,000 | ||||||
Interest rate, stated percentage | 5.50% | ||||||
Six Point Three Seven Five Percentage Senior Notes Due Two Thousand Twenty Three [Member] | Senior Notes [Member] | |||||||
Face amount | $ 800,000,000 | ||||||
Interest rate, stated percentage | 6.375% | ||||||
Series A Preferred Units [Member] | |||||||
Redemption of Preferred units | $ 313,000,000 | $ (300,000,000) | |||||
Common Unit Repurchase, Cash Consideration | $ 0 |
Long-Term Debt Fair Value Measurements (Details) |
3 Months Ended |
---|---|
Mar. 31, 2018 | |
Fair Value, Measurement Inputs, Disclosure [Text Block] | 2.2 |
Other noncurrent liabilities Other noncurrent liabilities(Details) - USD ($) $ in Millions |
Mar. 31, 2018 |
Dec. 31, 2017 |
---|---|---|
Accrued straight-line rent | $ 12 | $ 13 |
Reserve for underground storage tank removal | 50 | 41 |
Reserve for environmental remediation | 24 | 23 |
Unfavorable lease liability | 17 | 10 |
Others | 19 | 23 |
Aloha Acquisition [Member] | ||
Aloha acquisition contingent consideration | $ 15 | $ 15 |
Related-Party Transactions - Additional Information (Details) $ in Millions |
3 Months Ended | ||||
---|---|---|---|---|---|
Sep. 25, 2012
store
|
Mar. 31, 2018
USD ($)
agreement
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2016
store
|
|
Related Party Transaction [Line Items] | |||||
Related products purchase agreements | agreement | 2 | ||||
Purchase agreements renewal term | 12 months | ||||
Receivables from affiliates | $ 160 | $ 155 | |||
Accounts payable to affiliates | 178 | $ 206 | |||
Revenues | $ 3,749 | ||||
Philadelphia Energy Solutions Refining and Marketing [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related products purchase agreements | agreement | 1 | ||||
Merrill Lynch Commodities [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related products purchase agreements | agreement | 1 | ||||
Susser [Member] | |||||
Related Party Transaction [Line Items] | |||||
Distribution agreement term | 10 years | ||||
Purchase option term | 3 years | ||||
Number of convenience stores | store | 75 | ||||
Commercial agreement, initial term | 15 years | ||||
Exclusive distributor, term | 10 years | ||||
Number of convenience stores, sale lease back transactions completed | store | 75 | ||||
Sunoco Retail LLC [Member] | |||||
Related Party Transaction [Line Items] | |||||
Distribution agreement term | 10 years | ||||
Continuing Operations [Member] | |||||
Related Party Transaction [Line Items] | |||||
Repayment of Line of credit | $ 1,179 | $ 857 | |||
Revenues | 3,749 | 2,808 | |||
Continuing Operations [Member] | Wholesale Motor Fuel [Member] | |||||
Related Party Transaction [Line Items] | |||||
Revenues | 3,094 | 2,244 | |||
Merchandise cost of sales | 2,945 | 2,143 | |||
Affiliated Entity [Member] | Continuing Operations [Member] | Wholesale Motor Fuel [Member] | |||||
Related Party Transaction [Line Items] | |||||
Revenues | 12 | 21 | |||
Merchandise cost of sales | $ 777 | $ 545 |
Revenue Disaggregation of revenue (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|||
Revenues | $ 3,749 | |||
Retail Segment [Member] | Operating Segments [Member] | ||||
Merchandise | 135 | |||
Other | 30 | |||
Revenues | 610 | |||
Wholesale Segment [Member] | Operating Segments [Member] | ||||
Other | 14 | |||
Revenues | 3,139 | |||
Rental income | [1] | 19 | ||
Retail Motor Fuel [Member] | Retail Segment [Member] | Operating Segments [Member] | ||||
Revenues | 445 | |||
Continuing Operations [Member] | ||||
Merchandise | 135 | $ 131 | ||
Other | 41 | 37 | ||
Revenues | 3,749 | 2,808 | ||
Rental income | 22 | 22 | ||
Continuing Operations [Member] | Retail Segment [Member] | Operating Segments [Member] | ||||
Merchandise | 135 | 131 | ||
Other | 27 | 24 | ||
Revenues | 644 | 546 | ||
Rental income | 3 | 3 | ||
Continuing Operations [Member] | Wholesale Segment [Member] | Operating Segments [Member] | ||||
Merchandise | 0 | 0 | ||
Other | 14 | 13 | ||
Revenues | 3,543 | 2,624 | ||
Rental income | 19 | 19 | ||
Continuing Operations [Member] | Retail Motor Fuel [Member] | ||||
Revenues | 445 | 353 | ||
Continuing Operations [Member] | Retail Motor Fuel [Member] | Retail Segment [Member] | Operating Segments [Member] | ||||
Revenues | 445 | 353 | ||
Continuing Operations [Member] | Retail Motor Fuel [Member] | Wholesale Segment [Member] | Operating Segments [Member] | ||||
Revenues | 0 | $ 0 | ||
Continuing Operations [Member] | Wholesale motor fuel sales to third parties [Member] | Wholesale Segment [Member] | ||||
Revenues | 800 | |||
Continuing Operations [Member] | Distributor Revenue [Member] | Wholesale Segment [Member] | ||||
Revenues | 1,623 | |||
Continuing Operations [Member] | Unbranded Wholesale Revenue [Member] | Wholesale Segment [Member] | ||||
Revenues | 562 | |||
Continuing Operations [Member] | Commission Agent Revenue [Member] | Wholesale Segment [Member] | ||||
Revenues | $ 121 | |||
|
Revenue Contract Balances with Customers (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2018 |
Jan. 01, 2018 |
|
Contract Balances with Customers [Abstract] | ||
Contract with Customer, Asset, Net | $ 55.0 | $ 51.0 |
Increase (Decrease) in Accounts Receivable | (52.0) | |
Contract with Customer, Asset, Reclassified to Receivable | 4.0 | |
Receivables from Customers | 393.0 | 445.0 |
Contract with Customer, Liability | 1.0 | $ 1.0 |
Contract with Customer, Liability, Revenue Recognized | $ 0.1 |
Revenue Performance Obligations (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|
Contract with Customer, Liability, Revenue Recognized | $ 0.1 | ||||
Subsequent Event [Member] | |||||
Contract with Customer, Liability, Revenue Recognized | $ 0.4 | $ 0.1 | $ 0.2 | $ 0.3 |
Revenue Costs to Obtain or Fulfill a Contract (Details) $ in Millions |
3 Months Ended |
---|---|
Mar. 31, 2018
USD ($)
| |
Revenue from Contract with Customer [Abstract] | |
Capitalized Contract Cost, Amortization | $ 3 |
Commitments And Contingencies (Leases) (Details) |
3 Months Ended |
---|---|
Mar. 31, 2018 | |
Minimum [Member] | |
Operating Leased Assets [Line Items] | |
Lease term | 5 years |
Maximum [Member] | |
Operating Leased Assets [Line Items] | |
Lease term | 15 years |
Commitments And Contingencies (Leases, Schedule of Rent Expense) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Cash rent: | ||
Store base rent | $ 15 | $ 16 |
Equipment and other rent | 0 | 4 |
Total cash rent | 15 | 20 |
Non-cash rent: | ||
Straight-line rent | 0 | 0 |
Net rent expense | $ 15 | $ 20 |
Interest Expense, net (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|||
Interest expense, net | [1] | $ 36 | $ 64 | |
Continuing Operations [Member] | ||||
Amortization of deferred financing fees | 2 | 4 | ||
Interest Expense, Debt | 34 | 55 | ||
Interest expense, net | 34 | 58 | ||
Interest Income, Money Market Deposits | $ 2 | $ 1 | ||
|
Income Tax Expense (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|||
Income Tax Disclosure [Abstract] | ||||
Tax at statutory federal rate (1) | [1] | $ (10) | $ (1) | |
Partnership earnings not subject to tax | 9 | (13) | ||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | 29 | 0 | ||
Other | 3 | 0 | ||
Net income tax expense (benefit) | $ 31 | $ (14) | ||
|
Partners' Capital Narrative (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Feb. 07, 2018 |
Mar. 31, 2018 |
Feb. 14, 2018 |
Dec. 31, 2017 |
|
Schedule of Partners' Capital [Line Items] | ||||
Treasury Stock Acquired, Average Cost Per Share | $ 31.2376 | |||
Percentage of membership interest acquired | 100.00% | |||
Common Units | ||||
Schedule of Partners' Capital [Line Items] | ||||
Limited Partners' Capital Account, Units Outstanding | 54,028,041 | |||
Common Units [Member] | ||||
Schedule of Partners' Capital [Line Items] | ||||
Limited Partners' Capital Account, Units Outstanding | 82,492,008 | 99,667,999 | ||
Partners' Capital Account, Units, Sale of Units | 17,286,859 | |||
Parent Company [Member] | ||||
Schedule of Partners' Capital [Line Items] | ||||
Percentage of membership interest acquired | 34.50% | |||
Parent Company [Member] | Common Units [Member] | ||||
Schedule of Partners' Capital [Line Items] | ||||
Limited Partners' Capital Account, Units Outstanding | 28,463,967 | |||
Series A Preferred Unit [Member] | ||||
Schedule of Partners' Capital [Line Items] | ||||
Preferred Unit, Quarterly Distribution | $ 10 |
Partners' Capital (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 30, 2017 |
Mar. 31, 2018 |
Dec. 31, 2017 |
|
Schedule of Partners' Capital [Line Items] | |||
Percentage of membership interest acquired | 100.00% | ||
Class C Units [Member] | |||
Schedule of Partners' Capital [Line Items] | |||
Eligible distributions per unit (in dollars per share) | $ 0.8682 | ||
Other certain allocation percentage | 1.00% | ||
Distribution Made to Limited Partner, Cash Distributions Declared | $ 14 | ||
Units exchanged (in shares) | 16,410,780 | ||
Series A Preferred Units [Member] | |||
Schedule of Partners' Capital [Line Items] | |||
Equity Issued To Partners Capital Account | $ 300 | ||
Limited Partners' Capital Account, Units Outstanding | 0 | 12,000,000 | |
Common Units | |||
Schedule of Partners' Capital [Line Items] | |||
Limited Partners' Capital Account, Units Outstanding | 54,028,041 | ||
Parent Company [Member] | |||
Schedule of Partners' Capital [Line Items] | |||
Percentage of membership interest acquired | 34.50% |
Partners' Capital (Schedule of Common Units) (Details) - Common Units [Member] |
3 Months Ended |
---|---|
Mar. 31, 2018
shares
| |
Class of Stock [Line Items] | |
Phantom unit vesting (in shares) | 110,868 |
Common units issued in connection the ATM (in shares) | (17,286,859) |
Limited Partners' Capital Account, Units Outstanding | 99,667,999 |
Partners' Capital (Allocations of Net Income) (Details) - Common Units [Member] - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Schedule of Partners' Capital [Line Items] | ||
Distributions | $ 68 | $ 82 |
Distributions in excess of income | (404) | (104) |
Limited partners' interest in income from continuing operations | $ (336) | $ (22) |
Cash distribution per common unit (in shares) | $ 0.8255 | $ 0.8255 |
Partners' Capital (Incentive Distribution Rights) (Details) |
3 Months Ended |
---|---|
Mar. 31, 2018
$ / shares
| |
Minimum Quarterly Distribution [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.4375 |
Minimum Quarterly Distribution [Member] | Common Units [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 100.00% |
Minimum Quarterly Distribution [Member] | Incentive Distribution Rights [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 0.00% |
First Target Distribution [Member] | Common Units [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 100.00% |
First Target Distribution [Member] | Incentive Distribution Rights [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 0.00% |
First Target Distribution [Member] | Minimum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.4375 |
First Target Distribution [Member] | Maximum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.5031250 |
Second Target Distribution [Member] | Common Units [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 85.00% |
Second Target Distribution [Member] | Incentive Distribution Rights [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 15.00% |
Second Target Distribution [Member] | Minimum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.503125 |
Second Target Distribution [Member] | Maximum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.546875 |
Third Target Distribution [Member] | Common Units [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 75.00% |
Third Target Distribution [Member] | Incentive Distribution Rights [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 25.00% |
Third Target Distribution [Member] | Minimum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.546875 |
Third Target Distribution [Member] | Maximum [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | 0.656250 |
Distributions Thereafter [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Total quarterly distribution per common unit target amount (in dollars per share) | $ 0.656250 |
Distributions Thereafter [Member] | Common Units [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 50.00% |
Distributions Thereafter [Member] | Incentive Distribution Rights [Member] | |
Distribution Made To Managing Member Or General Partner [Line Items] | |
Marginal percentage interest in distributions | 50.00% |
Partners' Capital (Cash Distributions) (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
May 15, 2018 |
Feb. 14, 2018 |
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Distribution Made To Managing Member Or General Partner [Line Items] | ||||
Per Unit Distribution (in dollars per share) | $ 0.8255 | |||
Total Cash Distribution | $ 82 | |||
Distribution to IDR Holders | $ 21 | $ 18 | $ 21 | |
Subsequent Event [Member] | ||||
Distribution Made To Managing Member Or General Partner [Line Items] | ||||
Per Unit Distribution (in dollars per share) | $ 0.8255 | |||
Total Cash Distribution | $ 68 | |||
Distribution to IDR Holders | $ 18 |
Partners' Capital Series A Preferred Units (Details) - Series A Preferred Units [Member] $ / shares in Units, $ in Millions |
Mar. 30, 2017
USD ($)
$ / shares
shares
|
---|---|
Shares Issued, Price Per Share | $ / shares | $ 25.00 |
Preferred Units, Issued | shares | 12,000,000 |
Equity Issued To Partners Capital Account | $ | $ 300 |
Partners' Capital Distribution of Preferred Units (Details) $ in Millions |
Feb. 14, 2018
USD ($)
|
---|---|
Series A Preferred Unit [Member] | |
Preferred Unit, Quarterly Distribution | $ 10 |
Unit-Based Compensation (Phantom Common Unit Awards) - Additional Information(Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unit-based compensation | $ 3.0 | $ 4.0 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | 5.0 | $ 0.4 |
Phantom common units [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 27.0 | |
Fair Value Of Nonvested Service Phantom Units | $ 56.0 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 9 months 10 days | |
Share Based Compensation Award Tranche One [Member] | Phantom common units [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Employee Service Share-based Compensation Arrangement by Share-based Payment Award, Vesting Percentage | 60.00% | |
Share Based Compensation Award Tranche Two [Member] | Phantom common units [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Employee Service Share-based Compensation Arrangement by Share-based Payment Award, Vesting Percentage | 40.00% |
Unit-Based Compensation (Phantom Common Unit Awards) (Details) - $ / shares |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 31, 2018 |
Dec. 31, 2016 |
|
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ||
Non-vested at beginning of the period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 31.89 | $ 34.43 |
Granted, Weighted Average Grant Date Fair Value (in dollars per share) | 28.86 | 28.31 |
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share) | 31.93 | 34.71 |
Non-vested at end of period, Weighted Average Grant Date Fair Value (in dollars per share) | 30.96 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value | $ 28.18 | $ 45.48 |
Phantom common units [Member] | ||
Nonvested, Number of Shares [Roll Forward] | ||
Non-vested at beginning of period (in shares) | 1,777,301 | 2,013,634 |
Granted (in shares) | 420,300 | 203,867 |
Non-vested at end of period (in shares) | 1,813,261 | |
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 169,996 | 289,377 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares | (214,344) | (150,823) |
Segment Reporting - Additional Information (Details) |
3 Months Ended |
---|---|
Mar. 31, 2018
state
segment
| |
Segment Reporting Information [Line Items] | |
Number of operating segments | segment | 2 |
Number of reportable segments | segment | 2 |
Minimum [Member] | Wholesale Segment [Member] | |
Segment Reporting Information [Line Items] | |
Number of states in which entity operates | state | 30 |
Minimum [Member] | Retail Segment [Member] | |
Segment Reporting Information [Line Items] | |
Number of states in which entity operates | state | 20 |
Segment Reporting (Details) - USD ($) $ in Millions |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2017 |
||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | $ 3,749 | |||||||
Interest expense, net | [1] | 36 | $ 64 | |||||
Income tax expense (benefit) | 31 | (14) | ||||||
Income (loss) from continuing operations | (78) | 12 | ||||||
Loss from discontinued operations, net of income taxes | (237) | (11) | ||||||
Net income and comprehensive income | (315) | 1 | ||||||
Depreciation, amortization and accretion | 49 | |||||||
EBITDA | (26) | (135) | ||||||
Non-cash unit based compensation expense | [1] | 3 | 4 | |||||
Loss on disposal of assets | [1] | (26) | (7) | |||||
Unrealized loss on commodity derivatives | [1] | 0 | 5 | |||||
Adjusted EBITDA | 109 | 155 | ||||||
Payments to Acquire Property, Plant, and Equipment | [1] | 19 | 66 | |||||
Loss on extinguishment of debt and other | [1] | (129) | 0 | |||||
Assets, Fair Value Adjustment | [1] | (26) | 14 | |||||
Other non-cash adjustments | 3 | 0 | ||||||
Assets | 4,919 | $ 8,344 | ||||||
Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Income tax expense (benefit) | [1] | 204 | (17) | |||||
Depreciation, amortization and accretion | 87 | |||||||
Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Rental income | [2] | 19 | ||||||
Other | 14 | |||||||
Revenues | 3,139 | |||||||
Interest expense, net | [1] | 19 | 20 | |||||
Income tax expense (benefit) | [1] | 1 | 1 | |||||
Net income and comprehensive income | (58) | 38 | ||||||
Depreciation, amortization and accretion | 28 | 22 | ||||||
EBITDA | (10) | (81) | ||||||
Non-cash unit based compensation expense | [1] | 0 | 0 | |||||
Loss on disposal of assets | [1] | (3) | (2) | |||||
Unrealized loss on commodity derivatives | [1] | 0 | 5 | |||||
Adjusted EBITDA | 80 | 91 | ||||||
Payments to Acquire Property, Plant, and Equipment | [1] | 12 | 12 | |||||
Loss on extinguishment of debt and other | [1] | (109) | 0 | |||||
Assets, Fair Value Adjustment | [1] | (25) | 13 | |||||
Other non-cash adjustments | 3 | 0 | ||||||
Assets | 3,073 | 3,130 | ||||||
Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Merchandise | 135 | |||||||
Other | 30 | |||||||
Revenues | 610 | |||||||
Interest expense, net | [1] | 17 | 44 | |||||
Income tax expense (benefit) | [1] | 203 | (18) | |||||
Net income and comprehensive income | (257) | (37) | ||||||
Depreciation, amortization and accretion | 21 | 65 | ||||||
EBITDA | 16 | (54) | ||||||
Non-cash unit based compensation expense | [1] | 3 | 4 | |||||
Loss on disposal of assets | [1] | (23) | (5) | |||||
Unrealized loss on commodity derivatives | [1] | 0 | 0 | |||||
Adjusted EBITDA | 29 | 64 | ||||||
Payments to Acquire Property, Plant, and Equipment | [1] | 7 | 54 | |||||
Loss on extinguishment of debt and other | [1] | (20) | 0 | |||||
Assets, Fair Value Adjustment | [1] | (1) | 1 | |||||
Other non-cash adjustments | 0 | 0 | ||||||
Assets | 1,846 | $ 5,214 | ||||||
Retail Motor Fuel [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 445 | |||||||
Discontinued Operations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 44 | 247 | ||||||
Merchandise | 89 | 409 | ||||||
Rental income | 0 | 1 | ||||||
Other | 4 | 14 | ||||||
Revenues | 349 | 1,586 | ||||||
Operating Expenses | 86 | 255 | ||||||
Operating income | (42) | (8) | ||||||
Interest expense, net | 2 | 6 | ||||||
Income tax expense (benefit) | 173 | (3) | ||||||
Loss from discontinued operations, net of income taxes | (237) | (11) | ||||||
Depreciation, amortization and accretion | 0 | 33 | ||||||
Loss on disposal of assets | (23) | (5) | ||||||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | (237) | (11) | ||||||
Loss on extinguishment of debt and other | (20) | 0 | ||||||
Discontinued Operations [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 0 | 0 | ||||||
Discontinued Operations [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | (237) | (11) | ||||||
Discontinued Operations [Member] | Retail Motor Fuel [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 256 | 1,162 | ||||||
Continuing Operations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 296 | 256 | ||||||
Merchandise | 135 | 131 | ||||||
Rental income | 22 | 22 | ||||||
Other | 41 | 37 | ||||||
Intersegment | 0 | 0 | ||||||
Revenues | 3,749 | 2,808 | ||||||
Operating Expenses | 200 | 200 | ||||||
Operating income | 96 | 56 | ||||||
Interest expense, net | 34 | 58 | ||||||
Loss from continuing operations before income taxes | (47) | (2) | ||||||
Income tax expense (benefit) | 31 | (14) | ||||||
Income (loss) from continuing operations | (78) | 12 | ||||||
Loss from discontinued operations, net of income taxes | (237) | (11) | ||||||
Depreciation, amortization and accretion | 49 | 54 | ||||||
Non-cash unit based compensation expense | 3 | 4 | ||||||
Loss on disposal of assets | (3) | (2) | ||||||
Payments to Acquire Property, Plant, and Equipment | 19 | 24 | ||||||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | (78) | 12 | ||||||
Loss on extinguishment of debt and other | 109 | 0 | ||||||
Continuing Operations [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 190 | 150 | ||||||
Merchandise | 0 | 0 | ||||||
Rental income | 19 | 19 | ||||||
Other | 14 | 13 | ||||||
Intersegment | 404 | 327 | ||||||
Revenues | 3,543 | 2,624 | ||||||
Operating Expenses | 119 | 91 | ||||||
Operating income | 71 | 59 | ||||||
Interest expense, net | 19 | 20 | ||||||
Loss from continuing operations before income taxes | (57) | 39 | ||||||
Income tax expense (benefit) | 1 | 1 | ||||||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | (58) | 38 | ||||||
Loss on extinguishment of debt and other | 109 | 0 | ||||||
Continuing Operations [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 106 | 106 | ||||||
Merchandise | 135 | 131 | ||||||
Rental income | 3 | 3 | ||||||
Other | 27 | 24 | ||||||
Intersegment | 34 | 35 | ||||||
Revenues | 644 | 546 | ||||||
Operating Expenses | 81 | 109 | ||||||
Operating income | 25 | (3) | ||||||
Interest expense, net | 15 | 38 | ||||||
Loss from continuing operations before income taxes | 10 | (41) | ||||||
Income tax expense (benefit) | 30 | (15) | ||||||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | (20) | (26) | ||||||
Loss on extinguishment of debt and other | 0 | 0 | ||||||
Continuing Operations [Member] | Intersegment Eliminations | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Intersegment | (438) | (362) | ||||||
Revenues | (438) | (362) | ||||||
Continuing Operations [Member] | Retail Motor Fuel [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 44 | 36 | ||||||
Revenues | 445 | 353 | ||||||
Continuing Operations [Member] | Retail Motor Fuel [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 0 | 0 | ||||||
Revenues | 0 | 0 | ||||||
Continuing Operations [Member] | Retail Motor Fuel [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 44 | 36 | ||||||
Revenues | 445 | 353 | ||||||
Continuing Operations [Member] | Wholesale Motor Fuel [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 161 | 122 | ||||||
Revenues | 3,094 | 2,244 | ||||||
Continuing Operations [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 161 | 122 | ||||||
Continuing Operations [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 0 | 0 | ||||||
Continuing Operations [Member] | Merchandise [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 42 | 43 | ||||||
Continuing Operations [Member] | Merchandise [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 0 | 0 | ||||||
Continuing Operations [Member] | Merchandise [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 42 | 43 | ||||||
Continuing Operations [Member] | Rental and Other [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 49 | 55 | ||||||
Continuing Operations [Member] | Rental and Other [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 29 | 28 | ||||||
Continuing Operations [Member] | Rental and Other [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Gross Profit | 20 | 27 | ||||||
Continuing Operations [Member] | Third Parties [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 3,094 | 2,244 | ||||||
Continuing Operations [Member] | Third Parties [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 0 | 0 | ||||||
Continuing Operations [Member] | Affiliated Entity [Member] | Wholesale Motor Fuel [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 12 | 21 | ||||||
Continuing Operations [Member] | Affiliated Entity [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Wholesale Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 12 | 21 | ||||||
Continuing Operations [Member] | Affiliated Entity [Member] | Wholesale Motor Fuel [Member] | Operating Segments [Member] | Retail Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | $ 0 | $ 0 | ||||||
|
Net Income per Unit (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | ||
---|---|---|---|
Feb. 14, 2018 |
Mar. 31, 2018 |
Mar. 31, 2017 |
|
Earnings Per Share Basic [Line Items] | |||
Income (loss) from continuing operations | $ (78) | $ 12 | |
Distribution to preferred units | (2) | ||
Net income (loss) and comprehensive income (loss) | (315) | 1 | |
Incentive distribution rights | $ 21 | 18 | 21 |
Distributions on nonvested phantom unit awards | 1 | 2 | |
Loss from discontinued operations, net of income taxes | $ (237) | $ (11) | |
Weighted average limited partner units outstanding: | |||
Income (Loss) from Continuing Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted | $ (1.11) | $ (0.11) | |
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Diluted | $ (2.63) | $ (0.11) | |
Common Units [Member] | |||
Earnings Per Share Basic [Line Items] | |||
Income from continuing operations allocated to limited partners | $ (99) | $ (11) | |
Weighted average limited partner units outstanding: | |||
Common - basic (in shares) | 89,753,950 | 98,609,608 | |
Common - equivalents (in shares) | 517,801 | 106,350 | |
Common - diluted (in shares) | 90,271,751 | 98,715,958 | |
Income (Loss) from Continuing Operations, Per Outstanding Limited Partnership Unit, Basic, Net of Tax | $ (1.11) | $ (0.11) | |
Income (Loss) from Discontinued Operations, Net of Tax, Per Outstanding Limited Partnership Unit, Basic | $ (2.63) | $ (0.11) | |
Series A Preferred Units [Member] | |||
Earnings Per Share Basic [Line Items] | |||
Distribution to preferred units | $ 2 | $ 0 |