Print Page | Close Window
SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 11/08/2017
Entire Document
 << Previous Page | Next Page >>

Derivative Summary
The following table provides a summary of our derivative assets and liabilities:
 
 
Fair Value of Derivative Instruments
 
 
Asset Derivatives
 
Liability Derivatives
 
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
 
$
7

 
$

 
$

 
$
(4
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Commodity derivatives (margin deposits)
 
222

 
338

 
(262
)
 
(416
)
Commodity derivatives
 
14

 
24

 
(10
)
 
(52
)
Interest rate derivatives
 

 

 
(210
)
 
(193
)
Embedded derivatives in Preferred Units
 

 

 

 
(1
)
 
 
236

 
362

 
(482
)
 
(662
)
Total derivatives
 
$
243

 
$
362

 
$
(482
)
 
$
(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
 
September 30, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Derivatives without offsetting agreements
 
Derivative assets (liabilities)
 
$

 
$

 
$
(210
)
 
$
(194
)
Derivatives in offsetting agreements:
 
 
 
 
 
 
 
 
OTC contracts
 
Derivative assets (liabilities)
 
14

 
24

 
(10
)
 
(52
)
Broker cleared derivative contracts
 
Other current assets
 
229

 
338

 
(262
)
 
(420
)
Total gross derivatives
 
243

 
362

 
(482
)
 
(666
)
Offsetting agreements:
 
 
 
 
 
 
 
 
Counterparty netting
 
Derivative assets (liabilities)
 
(10
)
 
(4
)
 
10

 
4

Payments on margin deposit
 
Other current assets
 
(220
)
 
(338
)
 
220

 
338

Total net derivatives
 
$
13

 
$
20

 
$
(252
)
 
$
(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.


25

 << Previous Page | Next Page >>