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SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 05/04/2017
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Derivative Summary
The following table provides a summary of our derivative assets and liabilities:
 
 
Fair Value of Derivative Instruments
 
 
Asset Derivatives
 
Liability Derivatives
 
 
March 31, 2017
 
December 31, 2016
 
March 31, 2017
 
December 31, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
 
$

 
$

 
$
(2
)
 
$
(4
)
 
 

 

 
(2
)
 
(4
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
 
139

 
338

 
(145
)
 
(416
)
Commodity derivatives
 
13

 
24

 
(14
)
 
(52
)
Interest rate derivatives
 

 

 
(188
)
 
(193
)
Embedded derivatives in ETP Preferred Units
 

 

 

 
(1
)
 
 
152

 
362

 
(347
)
 
(662
)
Total derivatives
 
$
152

 
$
362

 
$
(349
)
 
$
(666
)
The following table presents the fair value of our recognized derivative assets and liabilities on a gross basis and amounts offset on the consolidated balance sheets that are subject to enforceable master netting arrangements or similar arrangements:
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
 
Balance Sheet Location
 
March 31, 2017
 
December 31, 2016
 
March 31, 2017
 
December 31, 2016
Derivatives without offsetting agreements
 
Derivative assets (liabilities)
 
$

 
$

 
$
(188
)
 
$
(194
)
Derivatives in offsetting agreements:
 
 
 
 
 
 
 
 
OTC contracts
 
Derivative assets (liabilities)
 
13

 
24

 
(14
)
 
(52
)
Broker cleared derivative contracts
 
Other current assets
 
139

 
338

 
(147
)
 
(420
)
Total gross derivatives
 
152

 
362

 
(349
)
 
(666
)
Offsetting agreements:
 
 
 
 
 
 
 
 
Counterparty netting
 
Derivative assets (liabilities)
 
(6
)
 
(4
)
 
6

 
4

Payments on margin deposit
 
Other current assets
 
(133
)
 
(338
)
 
133

 
338

Total net derivatives
 
$
13

 
$
20

 
$
(210
)
 
$
(324
)
We disclose the non-exchange traded financial derivative instruments as price risk management assets and liabilities on our consolidated balance sheets at fair value with amounts classified as either current or long-term depending on the anticipated settlement date.


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