Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Tabular Presentation of Fair Value Amounts, and Gains and Losses on
   Derivative Instruments and Related Hedged Items
The following table provides a balance sheet overview of our derivative assets and liabilities at the dates indicated:
 
   
 
Asset Derivatives
 
Liability Derivatives
 
   
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
   
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Derivatives designated as hedging instruments
 
Interest rate derivatives
 
Current assets
 
$
--
 
Current assets
 
$
0.3
 
Current
liabilities
 
$
1.5
 
Current
liabilities
 
$
0.2
 
Interest rate derivatives
 
Other assets
   
0.1
 
Other assets
   
36.2
 
Other liabilities
   
0.2
 
Other liabilities
   
0.9
 
Total interest rate derivatives
 
 
   
0.1
 
 
   
36.5
 
 
   
1.7
 
 
   
1.1
 
Commodity derivatives
 
Current assets
   
109.5
 
Current assets
   
499.2
 
Current
liabilities
   
104.4
 
Current
liabilities
   
662.0
 
Commodity derivatives
 
Other assets
   
6.4
 
Other assets
   
--
 
Other liabilities
   
6.8
 
Other liabilities
   
--
 
Total commodity derivatives
 
 
   
115.9
 
 
   
499.2
 
 
   
111.2
 
 
   
662.0
 
Total derivatives designated as hedging instruments
 
 
 
$
116.0
 
 
 
$
535.7
 
 
 
$
112.9
 
 
 
$
663.1
 
     
 
       
 
       
 
       
 
       
Derivatives not designated as hedging instruments
 
Commodity derivatives
 
Current assets
 
$
43.9
 
Current assets
 
$
41.9
 
Current
liabilities
 
$
62.3
 
Current
liabilities
 
$
75.5
 
Commodity derivatives
 
Other assets
   
1.9
 
Other assets
   
0.3
 
Other liabilities
   
3.4
 
Other liabilities
   
1.9
 
Total commodity derivatives
 
 
   
45.8
 
 
   
42.2
 
 
   
65.7
 
 
   
77.4
 
Total derivatives not designated as hedging instruments
 
 
 
$
45.8
 
 
 
$
42.2
 
 
 
$
65.7
 
 
 
$
77.4
 

Certain of our commodity derivative instruments are subject to master netting arrangements or similar agreements.  The following tables present our derivative instruments subject to such arrangements at the dates indicated:

 
Offsetting of Financial Assets and Derivative Assets
 
 
           
Gross Amounts Not Offset
in the Balance Sheet
     
 
Gross
Amounts of
Recognized
Assets
 
Gross
Amounts
Offset in the
Balance Sheet
 
Amounts
of Assets
Presented
in the
Balance Sheet
 
Financial
Instruments
   
Cash
Collateral
Paid
   
Cash
Collateral
Received
 
Amounts That
Would Have
Been Presented
On Net Basis
 
 
(i)
 
(ii)
 
(iii) = (i) – (ii)
 
(iv)
 
(v) = (iii) + (iv)
 
As of December 31, 2017:
                   
Interest rate derivatives
 
$
0.1
   
$
--
   
$
0.1
   
$
(0.1
)
 
$
--
   
$
--
   
$
--
 
Commodity derivatives
   
161.7
     
--
     
161.7
     
(157.8
)
   
--
     
--
     
3.9
 
As of December 31, 2016:
                                                       
Interest rate derivatives
 
$
36.5
   
$
--
   
$
36.5
   
$
(0.2
)
 
$
--
   
$
--
   
$
36.3
 
Commodity derivatives
   
541.4
     
--
     
541.4
     
(526.8
)
   
--
     
--
     
14.6
 

 
Offsetting of Financial Liabilities and Derivative Liabilities
 
 
           
Gross Amounts Not Offset
in the Balance Sheet
     
 
Gross
Amounts of
Recognized
Liabilities
 
Gross
Amounts
Offset in the
Balance Sheet
 
Amounts
of Liabilities
Presented
in the
Balance Sheet
 
Financial
Instruments
 
Cash
Collateral
Paid
 
Amounts That
Would Have
Been Presented
On Net Basis
 
 
(i)
 
(ii)
 
(iii) = (i) – (ii)
 
(iv)
 
(v) = (iii) + (iv)
 
As of December 31, 2017:
                       
Interest rate derivatives
 
$
1.7
   
$
--
   
$
1.7
   
$
(0.1
)
 
$
--
   
$
1.6
 
Commodity derivatives
   
176.9
     
--
     
176.9
     
(157.8
)
   
(17.3
)
   
1.8
 
As of December 31, 2016:
                                               
Interest rate derivatives
 
$
1.1
   
$
--
   
$
1.1
   
$
(0.2
)
 
$
--
   
$
0.9
 
Commodity derivatives
   
739.4
     
--
     
739.4
     
(526.8
)
   
(212.4
)
   
0.2
 

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