0001061219-19-000028 | 10-Q | XBRL Viewer | Enterprise Products Partners LP

Cash and cash equivalents

$ 107.3

$ 344.8

Restricted cash

0.0

65.3

Accounts receivable - trade, net of allowance for doubtful accounts of $11.5 at June 30, 2019 and $11.5 at December 31, 2018

3,787.6

3,659.1

14.2

3.5

1,586.1

1,522.1

195.8

154.4

567.9

311.5

6,258.9

6,060.7

40,089.1

38,737.6

Intangible assets, net of accumulated amortization of $1,815.1 at June 30, 2019 and $1,735.1 at December 31, 2018

2,652.1

2,615.1

3,532.6

3,608.4

5,745.2

443.9

202.8

58,721.8

56,969.8

500.0

^[1]

1,500.1

1,078.5

1,102.8

73.6

140.2

3,614.9

3,475.8

392.3

395.6

128.4

148.2

476.4

404.8

6,264.1

7,167.5

26,385.0

24,678.1

84.6

80.4

Common units (2,189,005,978 units outstanding at June 30, 2019 and 2,184,869,029 units outstanding at December 31, 2018)

1,012.7

751.6

Limited partners:

24,450.5

23,802.6

Accumulated other comprehensive income (loss)

(10.7)

50.9

Total partners' equity

24,439.8

23,853.5

535.6

438.7

24,975.4

24,292.2

Summary of Significant Accounting Policies [Abstract]

$ 58,721.8

$ 56,969.8

[1]	In accordance with ASC 470, Debt, long-term and current maturities of debt reflect the classification of such obligations at June 30, 2019 after taking into consideration EPO's issuance of senior notes in July 2019.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Accounts receivable, allowance for doubtful accounts	$ 11.5	$ 11.5
Intangible assets, accumulated amortization	$ 1,815.1	$ 1,735.1
Limited partners:
Common units outstanding (in units)	2,189,005,978	2,184,869,029

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Third parties	$ 8,250.5	$ 8,411.9	$ 16,781.7	$ 17,685.7
Related parties	25.8	55.6	38.1	80.3
Total revenues	8,276.3	8,467.5	16,819.8	17,766.0
Operating costs and expenses:
Third parties	6,469.5	7,174.3	13,124.8	15,078.6
Related parties	331.4	377.7	695.8	696.1
Total operating costs and expenses	6,800.9	7,552.0	13,820.6	15,774.7
General and administrative costs:
Third parties	21.4	20.9	41.8	42.2
Related parties	31.1	30.5	62.9	62.2
Total general and administrative costs	52.5	51.4	104.7	104.4
Total costs and expenses	6,853.4	7,603.4	13,925.3	15,879.1
Equity in income of unconsolidated affiliates	137.4	122.3	292.0	238.0
Operating income	1,560.3	986.4	3,186.5	2,124.9
Other income (expense):
Interest expense	(290.1)	(274.6)	(567.3)	(526.7)
Change in fair market value of Liquidity Option Agreement	(26.6)	(8.9)	(84.4)	(16.4)
Gain on step acquisition of unconsolidated affiliate	0.0	2.4	0.0	39.4
Other, net	2.6	0.3	4.1	1.0
Total other expense, net	(314.1)	(280.8)	(647.6)	(502.7)
Income before income taxes	1,246.2	705.6	2,538.9	1,622.2
Provision for income taxes	(9.7)	(18.4)	(22.0)	(23.5)
Net income	1,236.5	687.2	2,516.9	1,598.7
Net income attributable to noncontrolling interests	(21.8)	(13.4)	(41.7)	(24.2)
Net income attributable to limited partners	$ 1,214.7	$ 673.8	$ 2,475.2	$ 1,574.5
Earnings per unit:
Basic earnings per unit (in dollars per unit)	$ 0.55	$ 0.31	$ 1.12	$ 0.72
Diluted earnings per unit (in dollars per unit)	$ 0.55	$ 0.31	$ 1.12	$ 0.72

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME
Net income	$ 1,236.5	$ 687.2	$ 2,516.9	$ 1,598.7
Commodity derivative instruments:
Changes in fair value of cash flow hedges	81.5	(13.6)	(13.7)	(10.2)
Reclassification of losses (gains) to net income	(2.2)	39.2	(60.5)	24.7
Interest rate derivative instruments:
Changes in fair value of cash flow hedges	(5.2)	3.5	(5.2)	14.6
Reclassification of losses to net income	9.2	9.4	18.4	19.9
Total cash flow hedges	83.3	38.5	(61.0)	49.0
Other	0.0	(0.5)	(0.6)	(0.5)
Total other comprehensive income (loss)	83.3	38.0	(61.6)	48.5
Comprehensive income	1,319.8	725.2	2,455.3	1,647.2
Comprehensive income attributable to noncontrolling interests	(21.8)	(13.4)	(41.7)	(24.2)
Comprehensive income attributable to limited partners	$ 1,298.0	$ 711.8	$ 2,413.6	$ 1,623.0

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income	$ 2,516.9	$ 1,598.7
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion	963.1	873.8
Asset impairment and related charges	11.8	16.8
Equity in income of unconsolidated affiliates	(292.0)	(238.0)
Distributions received on earnings from unconsolidated affiliates	291.1	227.6
Net gains attributable to asset sales	(2.5)	(1.4)
Deferred income tax expense	4.2	10.0
Change in fair market value of derivative instruments	(83.8)	459.0
Change in fair market value of Liquidity Option Agreement	84.4	16.4
Gain on step acquisition of unconsolidated affiliate	0.0	(39.4)
Net effect of changes in operating accounts	(332.0)	(228.5)
Other operating activities	22.5	2.8
Net cash flows provided by operating activities	3,183.7	2,697.8
Investing activities:
Capital expenditures	(2,260.8)	(1,921.1)
Cash used for business combination	0.0	(149.7)
Investments in unconsolidated affiliates	(59.9)	(45.9)
Distributions received for return of capital from unconsolidated affiliates	23.4	25.9
Proceeds from asset sales	16.1	2.6
Other investing activities	(5.3)	(1.4)
Cash used in investing activities	(2,286.5)	(2,089.6)
Financing activities:
Borrowings under debt agreements	40,318.1	38,566.4
Repayments of debt	(39,617.3)	(37,437.0)
Debt issuance costs	(0.3)	(24.3)
Cash distributions paid to limited partners	(1,907.9)	(1,847.3)
Cash payments made in connection with distribution equivalent rights	(10.5)	(8.6)
Cash distributions paid to noncontrolling interests	(46.9)	(28.3)
Cash contributions from noncontrolling interests	99.6	206.9
Net cash proceeds from the issuance of common units	82.2	261.0
Repurchase of common units under 2019 Buyback Program	(81.1)	0.0
Other financing activities	(35.9)	(25.8)
Cash provided by (used in) financing activities	(1,200.0)	(337.0)
Net change in cash and cash equivalents, including restricted cash	(302.8)	271.2
Cash and cash equivalents, including restricted cash, at beginning of period	410.1	70.3
Cash and cash equivalents, including restricted cash, at end of period	$ 107.3	$ 341.5

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED EQUITY - USD ($) $ in Millions	Total	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]	Limited Partners [Member]
Balance at Dec. 31, 2017	$ 22,772.4	$ (171.7)	$ 225.2	$ 22,718.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	1,598.7	0.0	24.2	1,574.5
Cash distributions paid to limited partners	(1,847.3)	0.0	0.0	(1,847.3)
Cash payments made in connection with distribution equivalent rights	(8.6)	0.0	0.0	(8.6)
Cash distributions paid to noncontrolling interests	(28.3)	0.0	(28.3)	0.0
Cash contributions from noncontrolling interests	206.9	0.0	206.9	0.0
Net cash proceeds from the issuance of common units	261.0	0.0	0.0	261.0
Common units issued in connection with employee compensation	39.1	0.0	0.0	39.1
Common units issued in connection with land acquisition	30.0	0.0	0.0	30.0
Amortization of fair value of equity-based awards	52.6	0.0	0.0	52.6
Cash flow hedges	49.0	49.0	0.0	0.0
Other	(35.0)	(0.5)	(9.1)	(25.4)
Balance at Jun. 30, 2018	23,090.5	(123.2)	418.9	22,794.8
Balance at Mar. 31, 2018	22,964.9	(161.2)	211.6	22,914.5
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	687.2	0.0	13.4	673.8
Cash distributions paid to limited partners	(928.8)	0.0	0.0	(928.8)
Cash payments made in connection with distribution equivalent rights	(4.7)	0.0	0.0	(4.7)
Cash distributions paid to noncontrolling interests	(12.9)	0.0	(12.9)	0.0
Cash contributions from noncontrolling interests	206.8	0.0	206.8	0.0
Net cash proceeds from the issuance of common units	84.0	0.0	0.0	84.0
Common units issued in connection with land acquisition	30.0	0.0	0.0	30.0
Amortization of fair value of equity-based awards	26.6	0.0	0.0	26.6
Cash flow hedges	38.5	38.5	0.0	0.0
Other	(1.1)	(0.5)	0.0	(0.6)
Balance at Jun. 30, 2018	23,090.5	(123.2)	418.9	22,794.8
Balance at Dec. 31, 2018	24,292.2	50.9	438.7	23,802.6
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	2,516.9	0.0	41.7	2,475.2
Cash distributions paid to limited partners	(1,907.9)	0.0	0.0	(1,907.9)
Cash payments made in connection with distribution equivalent rights	(10.5)	0.0	0.0	(10.5)
Cash distributions paid to noncontrolling interests	(46.9)	0.0	(46.9)	0.0
Cash contributions from noncontrolling interests	99.6	0.0	99.6	0.0
Net cash proceeds from the issuance of common units	82.2	0.0	0.0	82.2
Common units issued in connection with employee compensation	45.6	0.0	0.0	45.6
Amortization of fair value of equity-based awards	70.5	0.0	0.0	70.5
Repurchase of common units under 2019 Buyback Program	(81.1)	0.0	0.0	(81.1)
Cash flow hedges	(61.0)	(61.0)	0.0	0.0
Other	(24.2)	(0.6)	2.5	(26.1)
Balance at Jun. 30, 2019	24,975.4	(10.7)	535.6	24,450.5
Balance at Mar. 31, 2019	24,521.3	(94.0)	463.4	24,151.9
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income	1,236.5	0.0	21.8	1,214.7
Cash distributions paid to limited partners	(957.5)	0.0	0.0	(957.5)
Cash payments made in connection with distribution equivalent rights	(6.0)	0.0	0.0	(6.0)
Cash distributions paid to noncontrolling interests	(28.9)	0.0	(28.9)	0.0
Cash contributions from noncontrolling interests	64.8	0.0	64.8	0.0
Net cash proceeds from the issuance of common units	39.5	0.0	0.0	39.5
Amortization of fair value of equity-based awards	38.5	0.0	0.0	38.5
Repurchase of common units under 2019 Buyback Program	(29.5)	0.0	0.0	(29.5)
Cash flow hedges	83.3	83.3	0.0	0.0
Other	13.4	0.0	14.5	(1.1)
Balance at Jun. 30, 2019	$ 24,975.4	$ (10.7)	$ 535.6	$ 24,450.5

Partnership Operations, Organization and Basis for Presentation	6 Months Ended
	Jun. 30, 2019
Partnership Operations and Organization [Abstract]
Partnership Operations and Organization	KEY REFERENCES USED IN THESE NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Unless the context requires otherwise, references to “we,” “us,” “our” or “Enterprise” are intended to mean the business and operations of Enterprise Products Partners L.P. and its consolidated subsidiaries. References to “EPD” mean Enterprise Products Partners L.P. on a standalone basis. References to “EPO” mean Enterprise Products Operating LLC, which is an indirect wholly owned subsidiary of EPD, and its consolidated subsidiaries, through which EPD conducts its business. Enterprise is managed by its general partner, Enterprise Products Holdings LLC (“Enterprise GP”), which is a wholly owned subsidiary of Dan Duncan LLC, a privately held Texas limited liability company. The membership interests of Dan Duncan LLC are owned by a voting trust, the current trustees (“DD LLC Trustees”) of which are: (i) Randa Duncan Williams, who is also a director and Chairman of the Board of Directors (the “Board”) of Enterprise GP; (ii) Richard H. Bachmann, who is also a director and Vice Chairman of the Board of Enterprise GP; and (iii) Dr. Ralph S. Cunningham, who is also an advisory director of Enterprise GP. Ms. Duncan Williams and Mr. Bachmann also currently serve as managers of Dan Duncan LLC along with W. Randall Fowler, who is also a director and the President and Chief Financial Officer of Enterprise GP. References to “EPCO” mean Enterprise Products Company, a privately held Texas corporation, and its privately held affiliates. A majority of the outstanding voting capital stock of EPCO is owned by a voting trust, the current trustees (“EPCO Trustees”) of which are: (i) Ms. Duncan Williams, who serves as Chairman of EPCO; (ii) Dr. Cunningham, who serves as Vice Chairman of EPCO; and (iii) Mr. Bachmann, who serves as the President and Chief Executive Officer of EPCO. Ms. Duncan Williams and Mr. Bachmann also currently serve as directors of EPCO along with Mr. Fowler, who is also the Executive Vice President and Chief Financial Officer of EPCO. EPCO, together with its privately held affiliates, owned approximately 31.9% of EPD’s limited partner common units at June 30, 2019. Note 1. Partnership Organization and Basis of Presentation We are a publicly traded Delaware limited partnership, the common units of which are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “EPD.” We were formed in April 1998 to own and operate certain natural gas liquids (“NGLs”) related businesses of EPCO and are a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, petrochemicals and refined products. We conduct substantially all of our business through EPO and are owned 100% by EPD’s limited partners from an economic perspective. Enterprise GP manages our partnership and owns a non-economic general partner interest in us. We, Enterprise GP, EPCO and Dan Duncan LLC are affiliates under the collective common control of the DD LLC Trustees and the EPCO Trustees. Like many publicly traded partnerships, we have no employees. All of our management, administrative and operating functions are performed by employees of EPCO pursuant to an administrative services agreement (the “ASA”) or by other service providers. See Note 14 for information regarding related party matters. Our results of operations for the six months ended June 30, 2019 are not necessarily indicative of results expected for the full year of 2019. In our opinion, the accompanying Unaudited Condensed Consolidated Financial Statements include all adjustments consisting of normal recurring accruals necessary for fair presentation. Although we believe the disclosures in these financial statements are adequate and make the information presented not misleading, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). These Unaudited Condensed Consolidated Financial Statements and Notes thereto should be read in conjunction with the Audited Consolidated Financial Statements and Notes thereto included in our annual report on Form 10-K for the year ended December 31, 2018 (the “2018 Form 10-K”) filed with the SEC on March 1, 2019.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Summary of Significant Accounting Policies

Note 2. Summary of Significant Accounting Policies

Apart from those matters noted below, there have been no changes in our significant accounting policies since those reported under Note 2 of the 2018 Form 10-K.

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the Unaudited Condensed Consolidated Balance Sheets that sum to the total of the amounts shown in the Unaudited Condensed Statements of Consolidated Cash Flows.

	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	107.3	$	344.8
Restricted cash		–		65.3
Total cash, cash equivalents and restricted cash shown in the Unaudited Condensed Statements of Consolidated Cash Flows	$	107.3	$	410.1

Restricted cash represents amounts held in segregated bank accounts by our clearing brokers as margin in support of our commodity derivative instruments portfolio and related physical purchases and sales of natural gas, NGLs, crude oil and refined products. Additional cash may be restricted to maintain our commodity derivative instruments portfolio as prices fluctuate or margin requirements change. See Note 13 for information regarding our derivative instruments and hedging activities.

Recent Accounting Developments

Lease accounting standard

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 842, Leases, which requires substantially all leases be recorded on the balance sheet. We adopted the new standard on January 1, 2019 and applied it to (i) all new leases entered into after January 1, 2019 and (ii) all existing lease contracts as of January 1, 2019. ASC 842 supersedes existing lease accounting guidance found under ASC 840, Leases.

The new standard introduces two lessee accounting models, which result in a lease being classified as either a “finance” or “operating” lease based on whether the lessee effectively obtains control of the underlying asset during the lease term. A lease would be classified as a finance lease if it meets one of five classification criteria, four of which are generally consistent with ASC 840 lease accounting guidance. By default, a lease that does not meet the criteria to be classified as a finance lease will be deemed an operating lease. Regardless of classification, the initial measurement of both lease types will result in the balance sheet recognition of a right-of-use (“ROU”) asset (representing a company’s right to use the underlying asset for a specified period of time) and a corresponding lease liability. The lease liability will be recognized at the present value of the future lease payments, and the ROU asset will equal the lease liability adjusted for any prepaid rent, lease incentives provided by the lessor, and any indirect costs.

The subsequent measurement of each type of lease varies. For finance leases, a lessee will amortize the ROU asset (generally on a straight-line basis in a manner similar to depreciation) and accrete the lease liability (as a component of interest expense) using the effective interest method. Operating leases will result in the recognition of a single lease expense amount that is recorded on a straight-line basis.

ASC 842 resulted in changes to the way our operating leases are recorded, presented and disclosed in our consolidated financial statements. Upon adoption of ASC 842 on January 1, 2019, we recognized a ROU asset and a corresponding lease liability based on the present value of then existing long-term operating lease obligations. In addition, we elected to apply several practical expedients and made accounting policy elections upon adoption of ASC 842 including:

•

We will not recognize ROU assets and lease liabilities for short-term leases and instead record them in a manner similar to operating leases under legacy lease accounting guidelines. A short term lease is one with a maximum lease term of 12 months or less and does not include a purchase option the lessee is reasonably certain to exercise.

•

We will not reassess whether any expired or existing contracts contain leases or the lease classification for any existing or expired leases.

•

The impact of adopting ASC 842 was prospective beginning January 1, 2019. We will not recast prior periods presented in our consolidated financial statements to reflect the new lease accounting guidance.

•

We will combine lease and nonlease components relating to our office and warehouse leases, as applicable.

See Note 15 regarding our new disclosures regarding operating lease obligations.

Inventories

6 Months Ended

Jun. 30, 2019

Inventories [Abstract]

Property, Plant and Equipment [Abstract]

Note 3. Inventories

Our inventory amounts by product type were as follows at the dates indicated:

	June 30, 2019		December 31, 2018
NGLs	$	824.4	$	647.7
Petrochemicals and refined products		210.1		264.7
Crude oil		540.3		593.4
Natural gas		11.3		16.3
Total	$	1,586.1	$	1,522.1

Due to fluctuating commodity prices, we recognize lower of cost or net realizable value adjustments when the carrying value of our available-for-sale inventories exceeds their net realizable value. The following table presents our total cost of sales amounts and lower of cost or net realizable value adjustments for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Cost of sales (1)		$	5,609.4		$	6,391.9		$	11,445.0		$	13,532.3
Lower of cost or net realizable value adjustments recognized within cost of sales			4.9			0.7			10.3			2.6

(1)	Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.

Property, Plant and Equipment

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment

Note 4. Property, Plant and Equipment

The historical costs of our property, plant and equipment and related accumulated depreciation balances were as follows at the dates indicated:

	Estimated Useful Life in Years			June 30, 2019		December 31, 2018
Plants, pipelines and facilities (1)		3-45	(5)	$	44,578.5	$	42,371.0
Underground and other storage facilities (2)		5-40	(6)		3,700.2		3,624.2
Transportation equipment (3)		3-10			195.0		187.1
Marine vessels (4)		15-30			877.2		828.6
Land					365.1		359.5
Construction in progress					3,230.6		3,526.8
Total					52,946.6		50,897.2
Less accumulated depreciation					12,857.5		12,159.6
Property, plant and equipment, net				$	40,089.1	$	38,737.6

(1)	Plants, pipelines and facilities include processing plants; NGL, natural gas, crude oil and petrochemical and refined products pipelines; terminal loading and unloading facilities; buildings; office furniture and equipment; laboratory and shop equipment and related assets.
(2)	Underground and other storage facilities include underground product storage caverns; above ground storage tanks; water wells and related assets.
(3)	Transportation equipment includes tractor-trailer tank trucks and other vehicles and similar assets used in our operations.
(4)	Marine vessels include tow boats, barges and related equipment used in our marine transportation business.
(5)	In general, the estimated useful lives of major assets within this category are: processing plants, 20-35 years; pipelines and related equipment, 5-45 years; terminal facilities, 10-35 years; buildings, 20-40 years; office furniture and equipment, 3-20 years; and laboratory and shop equipment, 5-35 years.
(6)	In general, the estimated useful lives of assets within this category are: underground storage facilities, 5-35 years; storage tanks, 10-40 years; and water wells, 5-35 years.

The following table summarizes our depreciation expense and capitalized interest amounts for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Depreciation expense (1)		$	389.3		$	361.0		$	769.9		$	692.8
Capitalized interest (2)			32.8			27.1			69.0			85.3

(1)

Depreciation expense is a component of “Costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations.

(2)

We capitalize interest costs incurred on funds used to construct property, plant and equipment while the asset is in its construction phase. The capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset’s estimated useful life as a component of depreciation expense. When capitalized interest is recorded, it reduces interest expense from what it would be otherwise.

Asset Retirement Obligations

Property, plant and equipment at June 30, 2019 and December 31, 2018 includes $67.1 million and $72.5 million, respectively, of asset retirement costs capitalized as an increase in the associated long-lived asset. The following table presents information regarding our asset retirement obligations, or AROs, since December 31, 2018:

ARO liability balance, December 31, 2018	$	126.3
Liabilities incurred		0.7
Liabilities settled		(0.3	)
Revisions in estimated cash flows		(4.8	)
Accretion expense		4.0
ARO liability balance, June 30, 2019	$	125.9

Investments in Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2019

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

Note 5. Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.

	June 30, 2019		December 31, 2018
NGL Pipelines & Services	$	686.7	$	662.0
Crude Oil Pipelines & Services		1,881.9		1,867.5
Natural Gas Pipelines & Services		24.0		22.8
Petrochemical & Refined Products Services		59.5		62.8
Total	$	2,652.1	$	2,615.1

The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
NGL Pipelines & Services	$	26.7		$	39.4		$	56.8		$	58.8
Crude Oil Pipelines & Services		111.0			83.5			235.6			181.4
Natural Gas Pipelines & Services		1.6			1.6			3.3			2.6
Petrochemical & Refined Products Services		(1.9	)		(2.2	)		(3.7	)		(4.8	)
Total	$	137.4		$	122.3		$	292.0		$	238.0

Combined results of operations data for the periods indicated for our unconsolidated affiliates are summarized in the following table (all data presented on a 100% basis):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Income Statement Data:
Revenues	$	497.9	$	461.3	$	1,014.4	$	857.3
Operating income		299.3		288.1		637.8		531.8
Net income		298.8		286.4		636.4		528.7

Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2019

Intangible Assets and Goodwill [Abstract]

Intangible Assets and Goodwill

Note 6. Intangible Assets and Goodwill

Identifiable Intangible Assets

The following table summarizes our intangible assets by business segment at the dates indicated:

	June 30, 2019							December 31, 2018
	Gross Value		Accumulated Amortization			Carrying Value		Gross Value		Accumulated Amortization			Carrying Value
NGL Pipelines & Services:
Customer relationship intangibles	$	447.8	$	(199.3	)	$	248.5	$	457.3	$	(201.9	)	$	255.4
Contract-based intangibles		375.4		(249.9	)		125.5		363.4		(238.7	)		124.7
Segment total		823.2		(449.2	)		374.0		820.7		(440.6	)		380.1
Crude Oil Pipelines & Services:
Customer relationship intangibles		2,203.5		(207.7	)		1,995.8		2,203.5		(174.1	)		2,029.4
Contract-based intangibles		276.9		(224.2	)		52.7		276.9		(211.7	)		65.2
Segment total		2,480.4		(431.9	)		2,048.5		2,480.4		(385.8	)		2,094.6
Natural Gas Pipelines & Services:
Customer relationship intangibles		1,350.3		(464.9	)		885.4		1,350.3		(447.8	)		902.5
Contract-based intangibles		466.4		(391.7	)		74.7		464.7		(387.9	)		76.8
Segment total		1,816.7		(856.6	)		960.1		1,815.0		(835.7	)		979.3
Petrochemical & Refined Products Services:
Customer relationship intangibles		181.4		(54.8	)		126.6		181.4		(51.8	)		129.6
Contract-based intangibles		46.0		(22.6	)		23.4		46.0		(21.2	)		24.8
Segment total		227.4		(77.4	)		150.0		227.4		(73.0	)		154.4
Total intangible assets	$	5,347.7	$	(1,815.1	)	$	3,532.6	$	5,343.5	$	(1,735.1	)	$	3,608.4

The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
NGL Pipelines & Services	$	9.0	$	9.3	$	18.1	$	16.4
Crude Oil Pipelines & Services		24.1		22.6		46.1		46.6
Natural Gas Pipelines & Services		10.0		9.6		20.9		19.3
Petrochemical & Refined Products Services		2.2		2.1		4.4		4.4
Total	$	45.3	$	43.6	$	89.5	$	86.7

The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder of 2019				2020				2021				2022				2023
$	82.1			$	160.5			$	162.8			$	168.4			$	168.5

Goodwill

Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in the transaction. There has been no change in our goodwill amounts since those reported in our 2018 Form 10-K.

Debt Obligations

6 Months Ended

Jun. 30, 2019

Debt Obligations [Abstract]

Debt Obligations

Note 7. Debt Obligations

The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated:

	June 30, 2019			December 31, 2018
EPO senior debt obligations:
Commercial Paper Notes, variable-rates (1)	$	1,425.0		$	–
Senior Notes N, 6.50% fixed-rate, due January 2019		–			700.0
364-Day Revolving Credit Agreement, variable-rate, due September 2019		–			–
Senior Notes LL, 2.55% fixed-rate, due October 2019 (1)		800.0			800.0
Senior Notes Q, 5.25% fixed-rate, due January 2020		500.0			500.0
Senior Notes Y, 5.20% fixed-rate, due September 2020		1,000.0			1,000.0
Senior Notes TT, 2.80% fixed-rate, due February 2021		750.0			750.0
Senior Notes RR, 2.85% fixed-rate, due April 2021		575.0			575.0
Senior Notes VV, 3.50% fixed-rate, due February 2022		750.0			750.0
Senior Notes CC, 4.05% fixed-rate, due February 2022		650.0			650.0
Multi-Year Revolving Credit Facility, variable-rate, due September 2022		–			–
Senior Notes HH, 3.35% fixed-rate, due March 2023		1,250.0			1,250.0
Senior Notes JJ, 3.90% fixed-rate, due February 2024		850.0			850.0
Senior Notes MM, 3.75% fixed-rate, due February 2025		1,150.0			1,150.0
Senior Notes PP, 3.70% fixed-rate, due February 2026		875.0			875.0
Senior Notes SS, 3.95% fixed-rate, due February 2027		575.0			575.0
Senior Notes WW, 4.15% fixed-rate, due October 2028		1,000.0			1,000.0
Senior Notes D, 6.875% fixed-rate, due March 2033		500.0			500.0
Senior Notes H, 6.65% fixed-rate, due October 2034		350.0			350.0
Senior Notes J, 5.75% fixed-rate, due March 2035		250.0			250.0
Senior Notes W, 7.55% fixed-rate, due April 2038		399.6			399.6
Senior Notes R, 6.125% fixed-rate, due October 2039		600.0			600.0
Senior Notes Z, 6.45% fixed-rate, due September 2040		600.0			600.0
Senior Notes BB, 5.95% fixed-rate, due February 2041		750.0			750.0
Senior Notes DD, 5.70% fixed-rate, due February 2042		600.0			600.0
Senior Notes EE, 4.85% fixed-rate, due August 2042		750.0			750.0
Senior Notes GG, 4.45% fixed-rate, due February 2043		1,100.0			1,100.0
Senior Notes II, 4.85% fixed-rate, due March 2044		1,400.0			1,400.0
Senior Notes KK, 5.10% fixed-rate, due February 2045		1,150.0			1,150.0
Senior Notes QQ, 4.90% fixed-rate, due May 2046		975.0			975.0
Senior Notes UU, 4.25% fixed-rate, due February 2048		1,250.0			1,250.0
Senior Notes XX, 4.80% fixed-rate, due February 2049		1,250.0			1,250.0
Senior Notes NN, 4.95% fixed-rate, due October 2054		400.0			400.0
TEPPCO senior debt obligations:
TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038		0.4			0.4
Total principal amount of senior debt obligations		24,475.0			23,750.0
EPO Junior Subordinated Notes C, variable-rate, due June 2067 (2)		232.2			256.4
EPO Junior Subordinated Notes D, fixed/variable-rate, due August 2077 (3)		700.0			700.0
EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077 (4)		1,000.0			1,000.0
EPO Junior Subordinated Notes F, fixed/variable-rate, due February 2078 (5)		700.0			700.0
TEPPCO Junior Subordinated Notes, variable-rate, due June 2067 (2)		14.2			14.2
Total principal amount of senior and junior debt obligations		27,121.4			26,420.6
Other, non-principal amounts		(236.4	)		(242.4	)
Less current maturities of debt (1)		(500.0	)		(1,500.1	)
Total long-term debt	$	26,385.0		$	24,678.1

(1)	In accordance with ASC 470, Debt, long-term and current maturities of debt reflect the classification of such obligations at June 30, 2019 after taking into consideration EPO's issuance of senior notes in July 2019.
(2)	Variable rate is reset quarterly and based on 3-month LIBOR, or London Inter-Bank Offered Rate, plus 2.778%. During the second quarter of 2019, EPO repurchased and retired $24.2 million in principal amount of these junior subordinated notes.
(3)	Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%.
(4)	Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%.
(5)	Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.57%.

References to “TEPPCO” mean TEPPCO Partners, L.P. prior to its merger with one of our wholly owned subsidiaries in October 2009.

The following table presents the range of interest rates and weighted-average interest rates paid on our consolidated variable-rate debt during the six months ended June 30, 2019:

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
Commercial Paper Notes	2.59% to 2.80%	2.72%
EPO Junior Subordinated Notes C and TEPPCO Junior Subordinated Notes	5.30% to 5.52%	5.42%

Amounts borrowed under our 364-Day and Multi-Year Revolving Credit Facilities bear interest, at our election, equal to: (i) LIBOR, plus an additional variable spread; or (ii) an alternate base rate, which is the greater of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.5%, or (c) the LIBO Market Index Rate in effect on such day plus 1% and a variable spread. The applicable spreads are determined based on our debt ratings.

Issuance of $2.5 Billion of Senior Notes in July 2019

In July 2019, EPO issued $2.5 billion aggregate principal amount of senior notes comprised of $1.25 billion principal amount of senior notes due July 2029 (“Senior Notes YY”) and $1.25 billion principal amount of senior notes due January 2050 (“Senior Notes ZZ”). Net proceeds from this offering were used by EPO for (i) the repayment of debt, including the temporary repayment of amounts outstanding under its commercial paper program and the future payment of $800 million principal amount of its Senior Notes LL due October 2019 at their maturity, and (ii) for general company purposes, including for growth capital expenditures.

Senior Notes YY were issued at 99.955% of their principal amount and have a fixed interest rate of 3.125% per year. Senior Notes ZZ were issued at 99.792% of their principal amount and have a fixed interest rate of 4.20% per year. EPD has guaranteed the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.

After taking into account EPO’s issuance of Senior Notes YY and Senior Notes ZZ in July 2019 and the expected use of net proceeds, the following table presents the scheduled contractual maturities of principal amounts of our consolidated debt obligations for the next five years and in total thereafter:

			Scheduled Maturities of Debt
	Total		Remainder of 2019		2020		2021		2022		2023		Thereafter
Principal amount of senior and junior debt obligations at June 30, 2019	$	27,121.4	$	–	$	1,500.0	$	1,325.0	$	1,400.0	$	1,250.0	$	21,646.4

Parent-Subsidiary Guarantor Relationships

EPD acts as guarantor of the consolidated debt obligations of EPO, with the exception of the remaining debt obligations of TEPPCO. If EPO were to default on any of its guaranteed debt, EPD would be responsible for full and unconditional repayment of that obligation.

Partial Retirement of Junior Subordinated Notes During Second Quarter of 2019

During the second quarter of 2019, EPO repurchased and retired $24.2 million in principal amount of its Junior Subordinated Notes C. A $1.5 million gain on the extinguishment of these debt obligations is included in “Other, net” on our Unaudited Condensed Statements of Consolidated Operations.

Lender Financial Covenants

We were in compliance with the financial covenants of our consolidated debt agreements at June 30, 2019.

Letters of Credit

At June 30, 2019, EPO had $101.4 million of letters of credit outstanding primarily related to our commodity hedging activities.

Equity and Distributions

6 Months Ended

Jun. 30, 2019

Equity and Distributions [Abstract]

Equity and Distributions

Note 8. Equity and Distributions

Limited Partner Common Units Outstanding

The following table summarizes changes in the number of EPD limited partner common units outstanding since December 31, 2018:

Common units outstanding at December 31, 2018	2,184,869,029
Common unit repurchases under 2019 Buyback Program	(1,852,392	)
Common units issued in connection with DRIP and EUPP	1,516,779
Common units issued in connection with employee compensation	1,626,041
Common units issued in connection with the vesting of phantom unit awards, net	2,379,620
Other	21,595
Common units outstanding at March 31, 2019	2,188,560,672
Common unit repurchases under 2019 Buyback Program	(1,056,736	)
Common units issued in connection with DRIP and EUPP	1,381,211
Common units issued in connection with the vesting of phantom unit awards, net	120,831
Common units outstanding at June 30, 2019	2,189,005,978

We have a universal shelf registration statement (the “2019 Shelf”) on file with the SEC which allows EPD and EPO (each on a standalone basis) to issue an unlimited amount of equity and debt securities, respectively. The 2019 Shelf replaced our prior universal shelf registration statement, which expired in May 2019.

In addition, EPD has a registration statement on file with the SEC covering the issuance of up to $2.54 billion of its common units in amounts, at prices and on terms to be determined by market conditions and other factors at the time of such offerings in connection with its at-the-market (“ATM”) program. During the six months ended June 30, 2019 and 2018, EPD did not issue any common units under its ATM program. After taking into account the aggregate sales price of common units sold under the ATM program through June 30, 2019, EPD has the capacity to issue additional common units under its ATM program up to an aggregate sales price of $2.54 billion.

We may issue additional equity and debt securities to assist us in meeting our future liquidity requirements, including those related to capital investments.

Common unit repurchases under 2019 Buyback Program

In January 2019, we announced that the Board of Enterprise GP had approved a $2.0 billion multi-year unit buyback program (the “2019 Buyback Program”), which provides EPD with an additional method to return capital to investors. The 2019 Buyback Program authorizes EPD to repurchase its common units from time to time, including through open market purchases and negotiated transactions. The timing and pace of buy backs under the program will be determined by a number of factors including (i) our financial performance and flexibility, (ii) organic growth and acquisition opportunities with higher potential returns on investment, (iii) EPD’s unit price and implied cash flow yield and (iv) maintaining targeted financial leverage with a debt-to-normalized adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, ratio in the 3.5 times area. No time limit has been set for completion of the program, and it may be suspended or discontinued at any time.

EPD repurchased 2,909,128 common units under the 2019 Buyback Program through open market purchases during the six months ended June 30, 2019. The total purchase price of these repurchases was $81.1 million, excluding commissions and fees. The repurchased units were cancelled immediately upon acquisition. At June 30, 2019, the remaining available capacity under the 2019 Buyback Program was $1.92 billion.

Common units issued in connection with DRIP and EUPP

EPD has registration statements on file with the SEC in connection with its distribution reinvestment plan (“DRIP”) and employee unit purchase plan (“EUPP”). EPD issued and delivered a total of 2,601,727 new common units under the DRIP during the six months ended June 30, 2019, which generated net cash proceeds of $73.7 million. During the six months ended June 30, 2018, EPD issued and delivered 9,608,839 new common units under the DRIP, which generated net cash proceeds of $253.7 million. After taking into account the number of common units delivered under the DRIP through June 30, 2019, EPD has the capacity to deliver an additional 58,798,632 common units under this plan. The period-to-period decrease in net cash proceeds from the DRIP is primarily due to lower reinvestments by privately held affiliates of EPCO in 2019 and a reduction in the discount applicable to common unit purchases made under the DRIP from 2.5% to 0% beginning with the distribution paid in February 2019.

EPD issued and delivered 296,263 new common units under the EUPP during the six months ended June 30, 2019, which generated net cash proceeds of $8.5 million. During the six months ended June 30, 2018, EPD issued and delivered 268,251 new common units under its EUPP, which generated net cash proceeds of $7.3 million. After taking into account the number of common units delivered under the EUPP through June 30, 2019, EPD may deliver an additional 4,919,378 common units under this plan.

Net cash proceeds from the issuance of new common units under the DRIP and EUPP during the six months ended June 30, 2019 were used to temporarily reduce amounts outstanding under EPO’s commercial paper program and for general company purposes, including for growth capital expenditures.

In July 2019, EPD announced that, beginning with the quarterly distribution payment to be made in August 2019, it has elected to use common units purchased on the open market, rather than issuing new common units, to satisfy its delivery obligations under the DRIP and EUPP. This election is subject to change in future quarters depending on the partnership’s need for equity capital.

Common Units Issued in Connection With Employee Compensation

In February 2019, certain employees of EPCO received discretionary bonus payments, less any retirement plan deductions and applicable withholding taxes, for work performed on our behalf during the prior fiscal year (e.g., the February 2019 bonus amount was applicable to the year ended December 31, 2018). The net dollar value of the bonus amounts was remitted through the issuance of an equivalent value of newly issued EPD common units under EPCO’s 2008 Enterprise Products Long-Term Incentive Plan (Third Amendment and Restatement) (“2008 Plan”). In February 2019, EPD issued 1,626,041 common units, which had a value of $45.6 million, in connection with the employee bonus awards. The compensation expense associated with each bonus award was recognized during the year in which the work was performed.

Common Units Issued in Connection With the Vesting of Phantom Unit Awards

During the six months ended June 30, 2019, after taking into account tax withholding requirements, EPD issued a net 2,500,451 new common units to employees in connection with the vesting of phantom unit awards. See Note 12 for information regarding our phantom unit awards.

Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

	Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other			Total
Accumulated Other Comprehensive Income (Loss), December 31, 2018	$	152.7		$	(104.8	)	$	3.0		$	50.9
Other comprehensive income (loss) for period, before reclassifications		(13.7	)		(5.2	)		(0.6	)		(19.5	)
Reclassification of losses (gains) to net income during period		(60.5	)		18.4			–			(42.1	)
Total other comprehensive income (loss) for period		(74.2	)		13.2			(0.6	)		(61.6	)
Accumulated Other Comprehensive Income (Loss), June 30, 2019	$	78.5		$	(91.6	)	$	2.4		$	(10.7	)

	Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other			Total
Accumulated Other Comprehensive Income (Loss), December 31, 2017	$	(10.1	)	$	(165.1	)	$	3.5		$	(171.7	)
Other comprehensive income (loss) for period, before reclassifications		(10.2	)		14.6			(0.5	)		3.9
Reclassification of losses (gains) to net income during period		24.7			19.9			–			44.6
Total other comprehensive income (loss) for period		14.5			34.5			(0.5	)		48.5
Accumulated Other Comprehensive Income (Loss), June 30, 2018	$	4.4		$	(130.6	)	$	3.0		$	(123.2	)

The following table presents reclassifications of (income) loss out of accumulated other comprehensive income into net income during the periods indicated:

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
Losses (gains) on cash flow hedges:	Location	2019			2018			2019			2018
Interest rate derivatives	Interest expense	$	9.2		$	9.4		$	18.4		$	19.9
Commodity derivatives	Revenue		(2.5	)		39.4			(67.8	)		25.4
Commodity derivatives	Operating costs and expenses		0.3			(0.2	)		7.3			(0.7	)
Total		$	7.0		$	48.6		$	(42.1	)	$	44.6

For information regarding our interest rate and commodity derivative instruments, see Note 13.

Noncontrolling Interests

In June 2019, an affiliate of American Midstream, LP acquired a noncontrolling 25% equity interest in our consolidated subsidiary that owns the Pascagoula natural gas processing plant for $36.0 million in cash.

Cash Distributions

In January 2019, management announced its plans to recommend to the Board an increase of $0.0025 per unit per quarter in EPD’s cash distribution rate with respect to 2019. The anticipated rate of increase would result in distributions for 2019 of $1.7650 per unit, which would be 2.3% higher than those paid by EPD for 2018 of $1.7250 per unit. The payment of any quarterly cash distribution is subject to Board approval and management’s evaluation of our financial condition, results of operations and cash flows in connection with such payment.

On July 9, 2019, EPD announced that the Board declared a cash distribution of $0.4400 per common unit with respect to the second quarter of 2019, which represents a 2.3% increase over the $0.4300 per common unit EPD declared and paid with respect to the second quarter of 2018. The distribution with respect to the second quarter of 2019 will be paid on August 13, 2019 to unitholders of record as of the close of business on July 31, 2019.

Revenues

6 Months Ended

Jun. 30, 2019

Revenues [Abstract]

Revenues

Note 9. Revenues

We classify our revenues into sales of products and midstream services. Product sales relate primarily to our various marketing activities whereas midstream services represent our other integrated businesses (i.e., gathering, processing, transportation, fractionation, storage and terminaling). The following table presents our revenues by business segment, and further by revenue type, for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
NGL Pipelines & Services:
Sales of NGLs and related products	$	2,659.4	$	2,610.9	$	5,330.6	$	5,426.3
Segment midstream services:
Natural gas processing and fractionation		288.2		332.6		557.7		585.0
Transportation		243.9		228.3		519.2		483.7
Storage and terminals		93.2		101.9		191.6		192.0
Total segment midstream services		625.3		662.8		1,268.5		1,260.7
Total NGL Pipelines & Services		3,284.7		3,273.7		6,599.1		6,687.0
Crude Oil Pipelines & Services:
Sales of crude oil		2,531.7		2,532.2		4,860.1		5,873.9
Segment midstream services:
Transportation		205.3		161.1		389.0		302.8
Storage and terminals		129.6		87.9		224.8		175.4
Total segment midstream services		334.9		249.0		613.8		478.2
Total Crude Oil Pipelines & Services		2,866.6		2,781.2		5,473.9		6,352.1
Natural Gas Pipelines & Services:
Sales of natural gas		531.4		532.5		1,187.1		1,092.5
Segment midstream services:
Transportation		287.9		260.3		559.7		505.1
Total segment midstream services		287.9		260.3		559.7		505.1
Total Natural Gas Pipelines & Services		819.3		792.8		1,746.8		1,597.6
Petrochemical & Refined Products Services:
Sales of petrochemicals and refined products		1,087.7		1,413.4		2,568.3		2,702.7
Segment midstream services:
Fractionation and isomerization		41.5		45.2		82.3		100.9
Transportation, including marine logistics		132.2		114.2		258.8		233.8
Storage and terminals		44.3		47.0		90.6		91.9
Total segment midstream services		218.0		206.4		431.7		426.6
Total Petrochemical & Refined Products Services		1,305.7		1,619.8		3,000.0		3,129.3
Total consolidated revenues	$	8,276.3	$	8,467.5	$	16,819.8	$	17,766.0

Substantially all of our revenues are derived from contracts with customers. In total, product sales and midstream services accounted for 82% and 18%, respectively, of our consolidated revenues for the three months ended June 30, 2019. During the six months ended June 30, 2019, product sales and midstream services accounted for 83% and 17%, respectively, of our consolidated revenues. During the three months ended June 30, 2018, product sales and midstream services accounted for 84% and 16%, respectively, of our consolidated revenues. During the six months ended June 30, 2018, product sales and midstream services accounted for 85% and 15%, respectively, of our consolidated revenues.

Unbilled Revenue and Deferred Revenue

The following table provides information regarding our contract assets and contract liabilities at June 30, 2019:

Contract Asset	Location	Balance
Unbilled revenue (current amount)	Prepaid and other current assets	$	160.9
Total		$	160.9

Contract Liability	Location	Balance
Deferred revenue (current amount)	Other current liabilities	$	111.7
Deferred revenue (noncurrent)	Other long-term liabilities		198.8
Total		$	310.5

The following table presents significant changes in our unbilled revenue and deferred revenue balances during the six months ended June 30, 2019:

	Unbilled Revenue			Deferred Revenue
Balance at December 31, 2018	$	13.3		$	291.2
Amount included in opening balance transferred to other accounts during period (1)		(3.4	)		(83.2	)
Amount recorded during period		169.3			277.0
Amounts recorded during period transferred to other accounts (1)		(18.3	)		(172.6	)
Other changes		–			(1.9	)
Balance at June 30, 2019	$	160.9		$	310.5

(1)	Unbilled revenues are transferred to accounts receivable once we have an unconditional right to consideration from the customer. Deferred revenues are recognized as revenue upon satisfaction of our performance obligation to the customer.

Remaining Performance Obligations

The following table presents estimated fixed future consideration from contracts with customers as of June 30, 2019 that contain minimum volume commitments, deficiency and similar fees, and contract terms exceeding one year.

Remainder of 2019				2020				2021				2022				2023				Thereafter				Total
$	1,910.5			$	3,436.4			$	2,925.1			$	2,404.1			$	1,990.1			$	8,528.7			$	21,194.9

Business Segments

6 Months Ended

Jun. 30, 2019

Business Segments [Abstract]

Business Segments

Note 10. Business Segments and Related Information

Our operations are reported under four business segments: (i) NGL Pipelines & Services, (ii) Crude Oil Pipelines & Services, (iii) Natural Gas Pipelines & Services and (iv) Petrochemical & Refined Products Services.

Segment Gross Operating Margin

We evaluate segment performance based on our financial measure of gross operating margin. Gross operating margin is an important performance measure of the core profitability of our operations and forms the basis of our internal financial reporting. We believe that investors benefit from having access to the same financial measures that our management uses in evaluating segment results. Gross operating margin is exclusive of other income and expense transactions, income taxes, the cumulative effect of changes in accounting principles and extraordinary charges. Gross operating margin is presented on a 100% basis before any allocation of earnings to noncontrolling interests.

The following table presents our measurement of total segment gross operating margin for the periods presented. The financial measure most directly comparable to total segment gross operating margin is operating income.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Operating income	$	1,560.3		$	986.4		$	3,186.5		$	2,124.9
Adjustments to reconcile operating income to total segment gross operating margin (addition or subtraction indicated by sign):
Depreciation, amortization and accretion expense in operating costs and expenses		462.8			425.3			913.7			819.6
Asset impairment and related charges in operating costs and expenses		7.0			15.9			11.8			16.8
Net gains attributable to asset sales in operating costs and expenses		(2.1	)		(0.9	)		(2.5	)		(1.4	)
General and administrative costs		52.5			51.4			104.7			104.4
Non-refundable payments received from shippers attributable to make-up rights (1)		11.3			5.6			13.5			8.3
Subsequent recognition of revenues attributable to make-up rights (2)		(5.6	)		(22.0	)		(13.1	)		(36.2	)
Total segment gross operating margin	$	2,086.2		$	1,461.7		$	4,214.6		$	3,036.4

(1)	Since make-up rights entail a future performance obligation by the pipeline to the shipper, these receipts are recorded as deferred revenue for GAAP purposes; however, these receipts are included in gross operating margin in the period of receipt since they are nonrefundable to the shipper.
(2)	As deferred revenues attributable to make-up rights are subsequently recognized as revenue under GAAP, gross operating margin must be adjusted to remove such amounts to prevent duplication since the associated non-refundable payments were previously included in gross operating margin.

Gross operating margin by segment is calculated by subtracting segment operating costs and expenses from segment revenues, with both segment totals reflecting the adjustments noted in the preceding table, as applicable, and before the elimination of intercompany transactions. The following table presents gross operating margin by segment for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Gross operating margin by segment:
NGL Pipelines & Services	$	966.3	$	913.7	$	1,925.5	$	1,798.6
Crude Oil Pipelines & Services		513.2		52.8		1,175.5		272.8
Natural Gas Pipelines & Services		301.8		213.4		566.1		411.3
Petrochemical & Refined Products Services		304.9		281.8		547.5		553.7
Total segment gross operating margin	$	2,086.2	$	1,461.7	$	4,214.6	$	3,036.4

The following table summarizes the non-cash mark-to-market gains (losses) included in gross operating margin and interest expense for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Mark-to-market gains (losses) in gross operating margin:
NGL Pipelines & Services	$	(0.7	)	$	11.2		$	0.6		$	7.8
Crude Oil Pipelines & Services		(14.6	)		(338.0	)		85.2			(467.6	)
Natural Gas Pipelines & Services		0.3			3.4			–			1.2
Petrochemical & Refined Products Services		2.5			1.3			(2.0	)		(0.3	)
Total mark-to-market impact on gross operating margin		(12.5	)		(322.1	)		83.8			(458.9	)
Mark-to-market loss in interest expense		–			–			–			(0.1	)
Total	$	(12.5	)	$	(322.1	)	$	83.8		$	(459.0	)

For information regarding our hedging activities, see Note 13.

Summarized Segment Financial Information

Information by business segment, together with reconciliations to amounts presented on our Unaudited Condensed Statements of Consolidated Operations, is presented in the following table:

	Reportable Business Segments
	NGL Pipelines & Services		Crude Oil Pipelines & Services		Natural Gas Pipelines & Services		Petrochemical & Refined Products Services			Adjustments and Eliminations			Consolidated Total
Revenues from third parties:
Three months ended June 30, 2019	$	3,282.2	$	2,847.0	$	815.6	$	1,305.7		$	–		$	8,250.5
Three months ended June 30, 2018		3,268.8		2,733.8		789.5		1,619.8			–			8,411.9
Six months ended June 30, 2019		6,593.8		5,448.6		1,739.3		3,000.0			–			16,781.7
Six months ended June 30, 2018		6,678.4		6,286.5		1,591.5		3,129.3			–			17,685.7
Revenues from related parties:
Three months ended June 30, 2019		2.5		19.6		3.7		–			–			25.8
Three months ended June 30, 2018		4.9		47.4		3.3		–			–			55.6
Six months ended June 30, 2019		5.3		25.3		7.5		–			–			38.1
Six months ended June 30, 2018		8.6		65.6		6.1		–			–			80.3
Intersegment and intrasegment revenues:
Three months ended June 30, 2019		4,494.8		9,453.3		163.1		617.9			(14,729.1	)		–
Three months ended June 30, 2018		6,004.6		9,978.5		165.0		784.0			(16,932.1	)		–
Six months ended June 30, 2019		9,986.2		17,338.3		358.5		1,332.3			(29,015.3	)		–
Six months ended June 30, 2018		12,569.5		21,404.8		335.9		1,397.3			(35,707.5	)		–
Total revenues:
Three months ended June 30, 2019		7,779.5		12,319.9		982.4		1,923.6			(14,729.1	)		8,276.3
Three months ended June 30, 2018		9,278.3		12,759.7		957.8		2,403.8			(16,932.1	)		8,467.5
Six months ended June 30, 2019		16,585.3		22,812.2		2,105.3		4,332.3			(29,015.3	)		16,819.8
Six months ended June 30, 2018		19,256.5		27,756.9		1,933.5		4,526.6			(35,707.5	)		17,766.0
Equity in income (loss) of unconsolidated affiliates:
Three months ended June 30, 2019		26.7		111.0		1.6		(1.9	)		–			137.4
Three months ended June 30, 2018		39.4		83.5		1.6		(2.2	)		–			122.3
Six months ended June 30, 2019		56.8		235.6		3.3		(3.7	)		–			292.0
Six months ended June 30, 2018		58.8		181.4		2.6		(4.8	)		–			238.0

Segment revenues include intersegment and intrasegment transactions, which are generally based on transactions made at market-based rates. Our consolidated revenues reflect the elimination of intercompany transactions. Substantially all of our consolidated revenues are earned in the U.S. and derived from a wide customer base.

Information by business segment, together with reconciliations to our Unaudited Condensed Consolidated Balance Sheet totals, is presented in the following table:

	Reportable Business Segments
	NGL Pipelines & Services		Crude Oil Pipelines & Services		Natural Gas Pipelines & Services		Petrochemical & Refined Products Services		Adjustments and Eliminations		Consolidated Total
Property, plant and equipment, net: (see Note 4)
At June 30, 2019	$	16,109.6	$	6,293.5	$	8,275.8	$	6,179.6	$	3,230.6	$	40,089.1
At December 31, 2018		14,845.4		5,847.7		8,303.8		6,213.9		3,526.8		38,737.6
Investments in unconsolidated affiliates: (see Note 5)
At June 30, 2019		686.7		1,881.9		24.0		59.5		–		2,652.1
At December 31, 2018		662.0		1,867.5		22.8		62.8		–		2,615.1
Intangible assets, net: (see Note 6)
At June 30, 2019		374.0		2,048.5		960.1		150.0		–		3,532.6
At December 31, 2018		380.1		2,094.6		979.3		154.4		–		3,608.4
Goodwill: (see Note 6)
At June 30, 2019		2,651.7		1,841.0		296.3		956.2		–		5,745.2
At December 31, 2018		2,651.7		1,841.0		296.3		956.2		–		5,745.2
Segment assets:
At June 30, 2019		19,822.0		12,064.9		9,556.2		7,345.3		3,230.6		52,019.0
At December 31, 2018		18,539.2		11,650.8		9,602.2		7,387.3		3,526.8		50,706.3

Supplemental Revenue and Expense Information

The following table presents additional information regarding our consolidated revenues and costs and expenses for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Consolidated revenues:
NGL Pipelines & Services	$	3,284.7		$	3,273.7		$	6,599.1		$	6,687.0
Crude Oil Pipelines & Services		2,866.6			2,781.2			5,473.9			6,352.1
Natural Gas Pipelines & Services		819.3			792.8			1,746.8			1,597.6
Petrochemical & Refined Products Services		1,305.7			1,619.8			3,000.0			3,129.3
Total consolidated revenues	$	8,276.3		$	8,467.5		$	16,819.8		$	17,766.0

Consolidated costs and expenses
Operating costs and expenses:
Cost of sales	$	5,609.4		$	6,391.9		$	11,445.0		$	13,532.3
Other operating costs and expenses (1)		723.8			719.8			1,452.6			1,407.4
Depreciation, amortization and accretion		462.8			425.3			913.7			819.6
Asset impairment and related charges		7.0			15.9			11.8			16.8
Net gains attributable to asset sales		(2.1	)		(0.9	)		(2.5	)		(1.4	)
General and administrative costs		52.5			51.4			104.7			104.4
Total consolidated costs and expenses	$	6,853.4		$	7,603.4		$	13,925.3		$	15,879.1

(1)	Represents the cost of operating our plants, pipelines and other fixed assets excluding: depreciation, amortization and accretion charges; asset impairment and related charges; and net losses (or gains) attributable to asset sales.

Fluctuations in our product sales revenues and related cost of sales amounts are explained in part by changes in energy commodity prices. In general, higher energy commodity prices result in an increase in our revenues attributable to product sales; however, these higher commodity prices also increase the associated cost of sales as purchase costs rise. The same correlation would be true in the case of lower energy commodity sales prices and purchase costs.

Earnings Per Unit

6 Months Ended

Jun. 30, 2019

Earnings Per Unit [Abstract]

Earnings Per Unit

Note 11. Earnings Per Unit

The following table presents our calculation of basic and diluted earnings per unit for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
BASIC EARNINGS PER UNIT
Net income attributable to limited partners	$	1,214.7		$	673.8		$	2,475.2		$	1,574.5
Undistributed earnings allocated and cash payments on phantom unit awards (1)		(7.4	)		(4.6	)		(15.2	)		(9.3	)
Net income available to common unitholders	$	1,207.3		$	669.2		$	2,460.0		$	1,565.2

Basic weighted-average number of common units outstanding		2,189.1			2,174.6			2,188.1			2,170.7

Basic earnings per unit	$	0.55		$	0.31		$	1.12		$	0.72

DILUTED EARNINGS PER UNIT
Net income attributable to limited partners	$	1,214.7		$	673.8		$	2,475.2		$	1,574.5

Diluted weighted-average number of units outstanding:
Distribution-bearing common units		2,189.1			2,174.6			2,188.1			2,170.7
Phantom units (1)		13.5			10.8			13.0			10.6
Total		2,202.6			2,185.4			2,201.1			2,181.3

Diluted earnings per unit	$	0.55		$	0.31		$	1.12		$	0.72

(1)

Each phantom unit award includes a distribution equivalent right ("DER"), which entitles the recipient to receive cash payments equal to the product of the number of phantom unit awards and the cash distribution per unit paid to EPD’s common unitholders. Cash payments made in connection with DERs are nonforfeitable. As a result, the phantom units are considered participating securities for purposes of computing basic earnings per unit.

Equity-Based Awards

6 Months Ended

Jun. 30, 2019

Equity-based Awards [Abstract]

Equity-based Awards

Note 12. Equity-Based Awards

An allocated portion of the fair value of EPCO’s equity-based awards is charged to us under the ASA. The following table summarizes compensation expense we recognized in connection with equity-based awards for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Equity-classified awards:
Phantom unit awards	$	35.5	$	25.9	$	64.9	$	50.5
Profits interest awards		3.0		1.0		5.6		2.6
Liability-classified awards		–		0.1		–		0.2
Total	$	38.5	$	27.0	$	70.5	$	53.3

The fair value of equity-classified awards is amortized to earnings over the requisite service or vesting period. Equity-classified awards are expected to result in the issuance of common units upon vesting. Compensation expense for liability-classified awards is recognized over the requisite service or vesting period based on the fair value of the award remeasured at each reporting date. Liability-classified awards are settled in cash upon vesting.

Phantom Unit Awards

Phantom unit awards allow recipients to acquire EPD common units (at no cost to the recipient apart from fulfilling service and other conditions) once a defined vesting period expires, subject to customary forfeiture provisions. The following table presents phantom unit award activity for the period indicated:

	Number of Units			Weighted- Average Grant Date Fair Value per Unit (1)
Phantom unit awards at December 31, 2018		10,333,277		$	26.97
Granted (2)		6,836,920		$	27.75
Vested		(3,561,704	)	$	27.58
Forfeited		(182,095	)	$	27.18
Phantom unit awards at June 30, 2019		13,426,398		$	27.21

(1)	Determined by dividing the aggregate grant date fair value of awards (before an allowance for forfeitures) by the number of awards issued.
(2)	The aggregate grant date fair value of phantom unit awards issued during 2019 was $189.7 million based on a grant date market price of EPD common units ranging from $27.75 to $28.55 per unit. An estimated annual forfeiture rate of 3.0% was applied to these awards.

Each phantom unit award includes a DER, which entitles the recipient to receive cash payments equal to the product of the number of phantom unit awards and the cash distribution per unit paid to EPD’s common unitholders. Cash payments made in connection with DERs are nonforfeitable and charged to partners’ equity when the phantom unit award is expected to result in the issuance of common units; otherwise, such amounts are expensed.

The following table presents supplemental information regarding phantom unit awards for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Cash payments made in connection with DERs	$	6.0	$	4.7	$	10.5	$	8.6
Total intrinsic value of phantom unit awards that vested during period		4.7		3.1		101.7		85.1

The unrecognized compensation cost associated with phantom unit awards was $209.3 million at June 30, 2019, of which our share of the cost is currently estimated to be $178.2 million. Due to the graded vesting provisions of these awards, we expect to recognize our share of the unrecognized compensation cost for these awards over a weighted-average period of 2.2 years.

Profits Interest Awards

EPCO has established five limited partnerships (referred to as “Employee Partnerships”) that serve as long-term incentive arrangements for key employees of EPCO by providing them a profits interest in one or more of the Employee Partnerships. At June 30, 2019, our share of the total unrecognized compensation cost related to the Employee Partnerships was $30.0 million, which we expect to recognize over a weighted-average period of 3.5 years.

Derivative Instruments, Hedging Activities and Fair Value Measurements

6 Months Ended

Jun. 30, 2019

Derivative Instruments, Hedging Activities and Fair Value Measurements [Abstract]

Derivative Instruments, Hedging Activities and Fair Value Measurements

Note 13. Derivative Instruments, Hedging Activities and Fair Value Measurements

In the normal course of our business operations, we are exposed to certain risks, including changes in interest rates and commodity prices. In order to manage risks associated with assets, liabilities and certain anticipated future transactions, we use derivative instruments such as futures, forward contracts, swaps, options and other instruments with similar characteristics. Substantially all of our derivatives are used for non-trading activities.

Interest Rate Hedging Activities

We may utilize interest rate swaps, forward-starting swaps and similar derivative instruments to manage our exposure to changes in interest rates charged on borrowings under certain consolidated debt agreements. This strategy may be used in controlling our overall cost of capital associated with such borrowings.

In May 2019, we entered into two 30-year forward-starting swaps in connection with the expected future issuance of senior notes. The following table summarizes our portfolio of these swaps at June 30, 2019:

Hedged Transaction	Number and Type of Derivatives Outstanding	Notional Amount	Expected Settlement Date	Average Rate Locked	Accounting Treatment
Future long-term debt offering	1 forward-starting swap	$75.0	9/2020	2.39%	Cash flow hedge
Future long-term debt offering	1 forward-starting swap	$75.0	4/2021	2.41%	Cash flow hedge

We sold swaptions related to our interest rate hedging activities that resulted in the recognition of $9.8 million of cash gains that were reflected as a reduction in interest expense for the first quarter of 2019.

Commodity Hedging Activities

The prices of natural gas, NGLs, crude oil, petrochemicals and refined products are subject to fluctuations in response to changes in supply and demand, market conditions and a variety of additional factors that are beyond our control. In order to manage such price risks, we enter into commodity derivative instruments such as physical forward contracts, futures contracts, fixed-for-float swaps and basis swaps.

At June 30, 2019, our predominant commodity hedging strategies consisted of (i) hedging anticipated future purchases and sales of commodity products associated with transportation, storage and blending activities, (ii) hedging natural gas processing margins and (iii) hedging the fair value of commodity products held in inventory.

The following table summarizes our portfolio of commodity derivative instruments outstanding at June 30, 2019 (volume measures as noted):

	Volume (1)		Accounting
Derivative Purpose	Current (2)	Long-Term (2)	Treatment
Derivatives designated as hedging instruments:
Natural gas processing:
Forecasted natural gas purchases for plant thermal reduction (billion cubic feet (“Bcf”))	25.9	n/a	Cash flow hedge
Forecasted sales of NGLs (million barrels (“MMBbls”))	4.2	n/a	Cash flow hedge
Octane enhancement:
Forecasted purchase of NGLs (MMBbls)	1.3	n/a	Cash flow hedge
Forecasted sales of octane enhancement products (MMBbls)	2.0	n/a	Cash flow hedge
Natural gas marketing:
Forecasted purchase of natural gas (Bcf)	3.7	n/a	Cash flow hedge
Natural gas storage inventory management activities (Bcf)	1.7	n/a	Fair value hedge
NGL marketing:
Forecasted purchases of NGLs and related hydrocarbon products (MMBbls)	55.0	2.8	Cash flow hedge
Forecasted sales of NGLs and related hydrocarbon products (MMBbls)	72.1	0.8	Cash flow hedge
NGLs inventory management activities (MMBbls)	0.6	n/a	Fair value hedge
Refined products marketing:
Refined products inventory management activities (MMBbls)	0.1	n/a	Fair value hedge
Crude oil marketing:
Forecasted purchases of crude oil (MMBbls)	19.2	n/a	Cash flow hedge
Forecasted sales of crude oil (MMBbls)	26.2	n/a	Cash flow hedge
Propylene marketing:
Forecasted sales of NGLs for propylene marketing activities (MMBbls)	0.3	n/a	Cash flow hedge
Derivatives not designated as hedging instruments:
Natural gas risk management activities (Bcf) (3)	47.5	0.1	Mark-to-market
NGL risk management activities (MMBbls) (3)	5.4	n/a	Mark-to-market
Refined products risk management activities (MMBbls) (3)	1.8	n/a	Mark-to-market
Crude oil risk management activities (MMBbls) (3)	39.0	1.6	Mark-to-market

(1)	Volume for derivatives designated as hedging instruments reflects the total amount of volumes hedged whereas volume for derivatives not designated as hedging instruments reflects the absolute value of derivative notional volumes.
(2)	The maximum term for derivatives designated as cash flow hedges, derivatives designated as fair value hedges and derivatives not designated as hedging instruments is December 2020, December 2019 and December 2020, respectively.
(3)	Reflects the use of derivative instruments to manage risks associated with transportation, processing and storage assets.

The carrying amount of our inventories subject to fair value hedges was $16.2 million and $50.2 million at June 30, 2019 and December 31, 2018, respectively.

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
	June 30, 2019			December 31, 2018			June 30, 2019			December 31, 2018
	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	Other assets	$	–	Other assets	$	–	Other liabilities	$	5.2	Other liabilities	$	–
Commodity derivatives	Current assets	$	172.4	Current assets	$	138.5	Current liabilities	$	115.2	Current liabilities	$	115.0
Commodity derivatives	Other assets		4.9	Other assets		5.6	Other liabilities		7.6	Other liabilities		11.1
Total commodity derivatives		$	177.3		$	144.1		$	122.8		$	126.1
Total derivatives designated as hedging instruments		$	177.3		$	144.1		$	128.0		$	126.1

Derivatives not designated as hedging instruments
Commodity derivatives	Current assets	$	23.4	Current assets	$	15.9	Current liabilities	$	13.2	Current liabilities	$	33.2
Commodity derivatives	Other assets		1.6	Other assets		1.9	Other liabilities		1.0	Other liabilities		3.1
Total		$	25.0		$	17.8		$	14.2		$	36.3

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 of Recognized Assets			Gross Amounts Offset in the Balance Sheet			Amounts of Assets Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheet											Amounts That Would Have Been Presented On Net Basis
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Balance Sheet			Amounts of Assets Presented in the Balance Sheet			Financial Instruments				Cash Collateral Received				Cash Collateral Paid			Amounts That Would Have Been Presented On Net Basis
	(i)			(ii)			(iii) = (i) – (ii)			(iv)											(v) = (iii) + (iv)
As of June 30, 2019:
Commodity derivatives		$	202.3		$	–		$	202.3		$	(137.7	)		$	(64.6	)		$	–		$	–
As of December 31, 2018:
Commodity derivatives		$	161.9		$	–		$	161.9		$	(158.6	)		$	–			$	–		$	3.3

	Offsetting of Financial Liabilities and Derivative Liabilities
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Amounts of Liabilities Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheet									Amounts That Would Have Been Presented On Net Basis
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Amounts of Liabilities Presented in the Balance Sheet			Financial Instruments				Cash Collateral Received		Cash Collateral Paid			Amounts That Would Have Been Presented On Net Basis
	(i)			(ii)			(iii) = (i) – (ii)			(iv)									(v) = (iii) + (iv)
As of June 30, 2019:
Interest rate derivatives		$	5.2			–		$	5.2		$	–		$	–	$	–			$	5.2
Commodity derivatives			137.0		$	–			137.0			(137.7	)		–		0.2				(0.5	)
As of December 31, 2018:
Commodity derivatives		$	162.4		$	–		$	162.4		$	(158.6	)	$	–	$	(2.3	)		$	1.5

Derivative assets and liabilities recorded on our Unaudited Condensed Consolidated Balance Sheets are presented on a gross-basis and determined at the individual transaction level. The tabular presentation above provides a means for comparing the gross amount of derivative assets and liabilities, excluding associated accounts payable and receivable, to the net amount that would likely be receivable or payable under a default scenario based on the existence of rights of offset in the respective derivative agreements. Any cash collateral paid or received is reflected in these tables, but only to the extent that it represents variation margins. Any amounts associated with derivative prepayments or initial margins that are not influenced by the derivative asset or liability amounts or those that are determined solely on their volumetric notional amounts are excluded from these tables.

The following tables present the effect of our derivative instruments designated as fair value hedges on our Unaudited Condensed Statements of Consolidated Operations for the periods indicated:

Derivatives in Fair Value Hedging Relationships	Location	Gain (Loss) Recognized in Income on Derivative
		For the Three Months Ended June 30,				For the Six Months Ended June 30,
		2019		2018		2019			2018
Interest rate derivatives	Interest expense	$	–	$	0.6	$	–		$	1.3
Commodity derivatives	Revenue		6.9		4.8		(1.6	)		4.6
Total		$	6.9	$	5.4	$	(1.6	)	$	5.9

Derivatives in Fair Value Hedging Relationships	Location	Gain (Loss) Recognized in Income on Hedged Item
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019		2018
Interest rate derivatives	Interest expense	$	–		$	(0.6	)	$	–	$	(1.4	)
Commodity derivatives	Revenue		(3.6	)		(4.9	)		6.3		(1.8	)
Total		$	(3.6	)	$	(5.5	)	$	6.3	$	(3.2	)

The following tables present the effect of our derivative instruments designated as cash flow hedges on our Unaudited Condensed Statements of Consolidated Operations and Unaudited Condensed Statements of Consolidated Comprehensive Income for the periods indicated:

Derivatives in Cash Flow Hedging Relationships	Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative
	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Interest rate derivatives	$	(5.2	)	$	3.5		$	(5.2	)	$	14.6
Commodity derivatives – Revenue (1)		84.3			(14.2	)		(2.4	)		(11.2	)
Commodity derivatives – Operating costs and expenses (1)		(2.8	)		0.6			(11.3	)		1.0
Total	$	76.3		$	(10.1	)	$	(18.9	)	$	4.4

(1)	The fair value of these derivative instruments will be reclassified to their respective locations on the Unaudited Condensed Statement of Consolidated Operations upon settlement of the underlying derivative transactions, as appropriate.

Derivatives in Cash Flow Hedging Relationships	Location	Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019			2018
Interest rate derivatives	Interest expense	$	(9.2	)	$	(9.4	)	$	(18.4	)	$	(19.9	)
Commodity derivatives	Revenue		2.5			(39.4	)		67.8			(25.4	)
Commodity derivatives	Operating costs and expenses		(0.3	)		0.2			(7.3	)		0.7
Total		$	(7.0	)	$	(48.6	)	$	42.1		$	(44.6	)

Over the next twelve months, we expect to reclassify $38.4 million of losses attributable to interest rate derivative instruments from accumulated other comprehensive loss to earnings as an increase in interest expense. Likewise, we expect to reclassify $85.9 million of gains attributable to commodity derivative instruments from accumulated other comprehensive income to earnings, $88.6 million as an increase in revenue and $2.7 million as an increase in operating costs and expenses.

The following table presents the effect of our derivative instruments not designated as hedging instruments on our Unaudited Condensed Statements of Consolidated Operations for the periods indicated:

Derivatives Not Designated as Hedging Instruments	Location	Gain (Loss) Recognized in Income on Derivative
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019			2018
Commodity derivatives	Revenue	$	(20.2	)	$	(406.3	)	$	74.9		$	(559.8	)
Commodity derivatives	Operating costs and expenses		(4.8	)		–			(4.7	)		(1.5	)
Total		$	(25.0	)	$	(406.3	)	$	70.2		$	(561.3	)

The $70.2 million gain recognized in 2019 from derivatives not designated as hedging instruments (as noted in the preceding table) reflects $11.7 million of realized losses and $81.9 million of net unrealized mark-to-market gains. In the aggregate, our unrealized mark-to-market gain for the six months ended June 30, 2019 attributable to derivatives designated as fair value hedges and derivatives not designated as hedging instruments was $84.7 million.

Fair Value Measurements

The following tables set forth, by level within the Level 1, 2 and 3 fair value hierarchy, the carrying values of our financial assets and liabilities at the dates indicated. These assets and liabilities are measured on a recurring basis and are classified based on the lowest level of input used to estimate their fair value. Our assessment of the relative significance of such inputs requires judgment.

The values for commodity derivatives are presented before and after the application of Chicago Mercantile Exchange (“CME”) Rule 814, which deems that financial instruments cleared by the CME are settled daily in connection with variation margin payments. As a result of this exchange rule, CME-related derivatives are considered to have no fair value at the balance sheet date for financial reporting purposes; however, the derivatives remain outstanding and subject to future commodity price fluctuations until they are settled in accordance with their contractual terms. Derivative transactions cleared on exchanges other than the CME (e.g., the Intercontinental Exchange or ICE) continue to be reported on a gross basis.

	At June 30, 2019 Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Financial assets:
Commodity derivatives:
Value before application of CME Rule 814	$	62.7		$	339.4		$	6.3		$	408.4
Impact of CME Rule 814		(46.7	)		(154.2	)		(5.2	)		(206.1	)
Total commodity derivatives		16.0			185.2			1.1			202.3
Total	$	16.0		$	185.2		$	1.1		$	202.3

Financial liabilities:
Liquidity Option Agreement (see Note 15)	$	–		$	–		$	474.4		$	474.4
Interest rate derivatives		–			5.2			–			5.2
Commodity derivatives:
Value before application of CME Rule 814		77.6			253.4			22.6			353.6
Impact of CME Rule 814		(62.0	)		(138.3	)		(16.3	)		(216.6	)
Total commodity derivatives		15.6			115.1			6.3			137.0
Total	$	15.6		$	120.3		$	480.7		$	616.6

	At December 31, 2018 Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Financial assets:
Commodity derivatives:
Value before application of CME Rule 814	$	172.3		$	282.4		$	2.2		$	456.9
Impact of CME Rule 814		(134.8	)		(159.3	)		(0.9	)		(295.0	)
Total commodity derivatives		37.5			123.1			1.3			161.9
Total	$	37.5		$	123.1		$	1.3		$	161.9

Financial liabilities:
Liquidity Option Agreement (see Note 15)	$	–		$	–		$	390.0		$	390.0
Commodity derivatives:
Value before application of CME Rule 814		85.5			291.2			21.4			398.1
Impact of CME Rule 814		(48.6	)		(172.9	)		(14.2	)		(235.7	)
Total commodity derivatives		36.9			118.3			7.2			162.4
Total	$	36.9		$	118.3		$	397.2		$	552.4

In the aggregate, the fair value of our commodity hedging portfolios at June 30, 2019 was a net derivative asset of $54.8 million prior to the impact of CME Rule 814.

The following table provides quantitative information regarding our recurring Level 3 fair value measurements for commodity derivatives at June 30, 2019:

	Fair Value
	Financial Assets		Financial Liabilities		Valuation Techniques	Unobservable Input	Range
Commodity derivatives – Crude oil	$	0.2	$	0.3	Discounted cash flow	Forward commodity prices	$57.62-$58.65/barrel
Commodity derivatives – Propane		–		1.7	Discounted cash flow	Forward commodity prices	$0.56-$0.62/gallon
Commodity derivatives – Natural gasoline		–		1.9	Discounted cash flow	Forward commodity prices	$1.11-$1.15/gallon
Commodity derivatives – Ethane		0.9		1.5	Discounted cash flow	Forward commodity prices	$0.17-$0.24/gallon
Commodity derivatives – Normal Butane		–		0.9	Discounted cash flow	Forward commodity prices	$0.62-$0.69/gallon
Total	$	1.1	$	6.3

With respect to commodity derivatives, we believe forward commodity prices are the most significant unobservable inputs in determining our Level 3 recurring fair value measurements at June 30, 2019. In general, changes in the price of the underlying commodity increases or decreases the fair value of a commodity derivative depending on whether the derivative was purchased or sold. We generally expect changes in the fair value of our derivative instruments to be offset by corresponding changes in the fair value of our hedged exposures.

The following table sets forth a reconciliation of changes in the fair values of our recurring Level 3 financial assets and liabilities on a combined basis for the periods indicated:

test		For the Six Months Ended June 30,
test	Location	2019			2018
Financial liability balance, net, January 1		$	(395.9	)	$	(332.7	)
Total gains (losses) included in:
Net income (1)	Revenue		3.1			(0.5	)
Net income	Other expense, net		(57.8	)		(7.5	)
Other comprehensive income (loss)	Commodity derivative instruments – changes in fair value of cash flow hedges		4.0			–
Settlements (1)	Revenue		(0.1	)		(1.2	)
Transfers out of Level 3			(0.2	)		–
Financial liability balance, net, March 31			(446.9	)		(341.9	)
Total gains (losses) included in:
Net income (1)	Revenue		(0.1	)		1.3
Net income	Other expense, net		(26.6	)		(8.9	)
Other comprehensive income (loss)	Commodity derivative instruments – changes in fair value of cash flow hedges		(2.9	)		–
Settlements (1)	Revenue		(3.1	)		0.5
Transfers out of Level 3			–			–
Financial liability balance, net, June 30		$	(479.6	)	$	(349.0	)

(1)

There were unrealized losses of $3.2 million and $0.2 million included in these amounts for the three and six months ended June 30, 2019, respectively. There were unrealized losses of $1.8 million and $0.1 million included in these amounts for the three and six months ended June 30, 2018, respectively.

Nonrecurring Fair Value Measurements

Non-cash asset impairment charges for the six months ended June 30, 2019 were $11.8 million compared to $16.8 million for the six months ended June 30, 2018. Charges for 2019 primarily relate to assets retired during the quarter whose operations have ceased. Impairment charges are a component of “Operating costs and expenses” on our Unaudited Condensed Statements of Consolidated Operations.

Other Fair Value Information

The carrying amounts of cash and cash equivalents (including restricted cash balances), accounts receivable, commercial paper notes and accounts payable approximate their fair values based on their short-term nature. The estimated total fair value of our fixed-rate debt obligations was $27.69 billion and $25.97 billion at June 30, 2019 and December 31, 2018, respectively. The aggregate carrying value of these debt obligations was $25.45 billion and $26.15 billion at June 30, 2019 and December 31, 2018, respectively. These values are primarily based on quoted market prices for such debt or debt of similar terms and maturities (Level 2) and our credit standing. Changes in market rates of interest affect the fair value of our fixed-rate debt. The carrying values of our variable-rate long-term debt obligations approximate their fair values since the associated interest rates are market-based. We do not have any long-term investments in debt or equity securities recorded at fair value.

Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions

Note 14. Related Party Transactions

The following table summarizes our related party transactions for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Revenues – related parties:
Unconsolidated affiliates	$	25.8	$	55.6	$	38.1	$	80.3
Costs and expenses – related parties:
EPCO and its privately held affiliates	$	267.2	$	260.2	$	540.1	$	516.9
Unconsolidated affiliates		95.3		148.0		218.6		241.4
Total	$	362.5	$	408.2	$	758.7	$	758.3

The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:

	June 30, 2019		December 31, 2018
Accounts receivable - related parties:
Unconsolidated affiliates	$	14.2	$	3.5

Accounts payable - related parties:
EPCO and its privately held affiliates	$	61.4	$	116.3
Unconsolidated affiliates		12.2		23.9
Total	$	73.6	$	140.2

We believe that the terms and provisions of our related party agreements are fair to us; however, such agreements and transactions may not be as favorable to us as we could have obtained from unaffiliated third parties.

Relationship with EPCO and Affiliates

We have an extensive and ongoing relationship with EPCO and its privately held affiliates (including Enterprise GP, our general partner), which are not a part of our consolidated group of companies.

At June 30, 2019, EPCO and its privately held affiliates (including Dan Duncan LLC and certain Duncan family trusts) beneficially owned the following limited partner interests in us:

Total Number of Units	Percentage of Total Units Outstanding
698,051,729	31.9%

Of the total number of units held by EPCO and its privately held affiliates, 108,222,618 have been pledged as security under the credit facilities of EPCO and its privately held affiliates at June 30, 2019. These credit facilities contain customary and other events of default, including defaults by us and other affiliates of EPCO. An event of default, followed by a foreclosure on the pledged collateral, could ultimately result in a change in ownership of these units and affect the market price of EPD’s common units.

We and Enterprise GP are both separate legal entities apart from each other and apart from EPCO and its other affiliates, with assets and liabilities that are also separate from those of EPCO and its other affiliates. EPCO and its privately held affiliates depend on the cash distributions they receive from us and other investments to fund their other activities and to meet their debt obligations. During the six months ended June 30, 2019 and 2018, we paid EPCO and its privately held affiliates cash distributions totaling $593.7 million and $576.3 million, respectively.

From time-to-time, EPCO and its privately held affiliates elect to purchase additional common units under EPD’s DRIP and ATM program. During the six months ended June 30, 2019, privately held affiliates of EPCO reinvested $14 million through the DRIP. See Note 8 for additional information regarding the DRIP.

We have no employees. All of our operating functions and general and administrative support services are provided by employees of EPCO pursuant to the ASA or by other service providers. The following table presents our related party costs and expenses attributable to the ASA with EPCO for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Operating costs and expenses	$	233.6	$	228.0	$	472.7	$	451.0
General and administrative expenses		29.4		28.4		58.7		57.6
Total costs and expenses	$	263.0	$	256.4	$	531.4	$	508.6

Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 15. Commitments and Contingencies

Litigation

As part of our normal business activities, we may be named as defendants in legal proceedings, including those arising from regulatory and environmental matters. Although we are insured against various risks to the extent we believe it is prudent, there is no assurance that the nature and amount of such insurance will be adequate, in every case, to fully indemnify us against losses arising from future legal proceedings. We will vigorously defend the partnership in litigation matters.

At June 30, 2019 and December 31, 2018, our accruals for litigation contingencies were $0.5 million and $0.5 million, respectively, and recorded in our Unaudited Condensed Consolidated Balance Sheets as a component of “Other current liabilities.”

Energy Transfer Matter

In connection with a proposed pipeline project, we and ETP signed a non-binding letter of intent in April 2011 that disclaimed any partnership or joint venture related to such project absent executed definitive documents and board approvals of the respective companies. Definitive agreements were never executed and board approval was never obtained for the potential pipeline project. In August 2011, the proposed pipeline project was cancelled due to a lack of customer support.

In September 2011, ETP filed suit against us and a third party in connection with the cancelled project alleging, among other things, that we and ETP had formed a “partnership.” The case was tried in the District Court of Dallas County, Texas, 298th Judicial District. While we firmly believe, and argued during our defense, that no agreement was ever executed forming a legal joint venture or partnership between the parties, the jury found that the actions of the two companies, nevertheless, constituted a legal partnership. As a result, the jury found that ETP was wrongfully excluded from a subsequent pipeline project involving a third party, and awarded ETP $319.4 million in actual damages on March 4, 2014. On July 29, 2014, the trial court entered judgment against us in an aggregate amount of $535.8 million, which included (i) $319.4 million as the amount of actual damages awarded by the jury, (ii) an additional $150.0 million in disgorgement for the alleged benefit we received due to a breach of fiduciary duties by us against ETP and (iii) prejudgment interest in the amount of $66.4 million. The trial court also awarded post-judgment interest on such aggregate amount, to accrue at a rate of 5%, compounded annually.

We filed our Brief of the Appellant in the Court of Appeals for the Fifth District of Dallas, Texas on March 30, 2015 and ETP filed its Brief of Appellees on June 29, 2015. We filed our Reply Brief of Appellant on September 18, 2015. Oral argument was conducted on April 20, 2016, and the case was then submitted to the Court of Appeals for its consideration. On July 18, 2017, a panel of the Dallas Court of Appeals issued a unanimous opinion reversing the trial court’s judgment as to all of ETP’s claims against us, rendering judgment that ETP take nothing on those claims, and affirming our counterclaim against ETP of $0.8 million, plus interest. On August 31, 2017, ETP filed a motion for rehearing before the Dallas Court of Appeals, which was denied on September 13, 2017. On December 27, 2017, ETP filed its Petition for Review with the Supreme Court of Texas and we filed our Response to the Petition for Review on February 26, 2018. On June 8, 2018, the Supreme Court of Texas requested that the parties file briefs on the merits, and the parties filed their respective submittals. On June 28, 2019, the Supreme Court of Texas requested oral argument, which has been scheduled for October 8, 2019.

We have not recorded a provision for this matter as management continues to believe that payment of damages by us in this case is not probable. We continue to monitor developments involving this matter.

PDH Litigation

In July 2013, we executed a contract with Foster Wheeler USA Corporation (“Foster Wheeler”) pursuant to which Foster Wheeler was to serve as the general contractor responsible for the engineering, procurement, construction and installation of our propane dehydrogenation (“PDH”) facility. In November 2014, Foster Wheeler was acquired by an affiliate of AMEC plc to form Amec Foster Wheeler plc, and Foster Wheeler is now known as Amec Foster Wheeler USA Corporation (“AFW”). In December 2015, Enterprise and AFW entered into a transition services agreement under which AFW was partially terminated from the PDH project. In December 2015, Enterprise engaged a second contractor, Optimized Process Designs LLC (“OPD”), to complete the construction and installation of the PDH facility.

On September 2, 2016, we terminated AFW for cause and filed a lawsuit in the 151st Judicial Civil District Court of Harris County, Texas against AFW and its parent company, Amec Foster Wheeler plc, asserting claims for breach of contract, breach of warranty, fraudulent inducement, string-along fraud, gross negligence, professional negligence, negligent misrepresentation and attorneys’ fees. We intend to diligently prosecute these claims and seek all direct, consequential, and exemplary damages to which we may be entitled.

Contractual Obligations

Scheduled Maturities of Debt

We have long-term and short-term payment obligations under debt agreements. In total, the principal amount of our consolidated debt obligations were $27.12 billion and $26.42 billion at June 30, 2019 and December 31, 2018, respectively. See Note 7 for additional information regarding our scheduled future maturities of debt principal.

Lease Accounting Matters

The following table presents information regarding our operating leases where we are the lessee at June 30, 2019:

Asset Category	ROU Asset Carrying Value (1)		Lease Liability Carrying Value (2)		Weighted- Average Remaining Term	Weighted- Average Discount Rate (3)
Storage and pipeline facilities	$	144.3	$	145.0	16 years	4.3%
Transportation equipment		56.2		58.7	4 years	3.6%
Office and warehouse space		27.1		25.8	3 years	3.5%
Total	$	227.6	$	229.5

(1)	ROU asset amounts are a component of “Other assets” on our consolidated balance sheet.
(2)	At June 30, 2019, lease liabilities of $38.6 million and $190.9 million were included within “Other current liabilities” and “Other liabilities,” respectively.
(3)	The discount rate for each category of assets represents the weighted average of either (i) the implicit rate applicable to the underlying leases (where determinable) or (ii) our incremental borrowing rate adjusted for collateralization (if the implicit rate is not determinable). In general, the discount rates are based on either (i) information available at the lease commencement date or (ii) January 1, 2019 for leases existing at the adoption date for ASC 842.

The following table disaggregates our operating lease expense for the periods indicated:

	For the Three Months Ended June 30, 2019		For the Six Months Ended June 30, 2019
Long-term operating leases:
Fixed lease expense	$	13.1	$	26.5
Variable lease expense		1.1		2.9
Subtotal operating lease expense		14.2		29.4
Short-term lease expense		11.7		23.5
Total operating lease expense	$	25.9	$	52.9

In total, operating lease expense was $25.9 million and $25.8 million for the three months ended June 30, 2019 and 2018, respectively. During the six months ended June 30, 2019 and 2018 operating lease expense was $52.9 million and $51.4 million, respectively. Operating lease expense represents less than 1% of “Operating costs and expenses” as presented on our consolidated statements of operations. Fixed lease expense is charged to earnings on a straight-line basis over the contractual term, with any variable lease payments expensed as incurred. Short-term lease expense is expensed as incurred.

We recognized $246.1 million in ROU assets and lease liabilities for long-term operating leases at January 1, 2019 in connection with the adoption of ASC 842. These amounts represented less than 1% of our total consolidated assets and liabilities, respectively, at the adoption date. On an undiscounted basis, our long-term operating lease obligations aggregated to $314.4 million at January 1, 2019.

Under ASC 842, lessors classify leases as either operating, direct financing or sales-type. We do not have any significant operating or direct financing leases. Our operating lease income for the three and six months ended June 30, 2019 was $2.4 million and $7.2 million, respectively, which represented less than 1% of our consolidated revenues. We do not have any sales-type leases.

Our operating lease commitments at June 30, 2019 did not differ materially from those reported in our 2018 Form 10-K.

Purchase Obligations

During the six months ended June 30, 2019, we entered into additional long-term purchase commitments for NGLs with third party suppliers. On a combined basis, these new agreements increased our estimated long-term purchase obligations by $3.6 billion, with $1.3 billion committed over the next five years and $2.3 billion thereafter. At June 30, 2019, our estimated long-term purchase obligations totaled $13.0 billion after reflecting the agreements added during the first six months of 2019 and those commitments that expired during the year. At December 31, 2018, our estimated long-term purchase obligations totaled $10.8 billion.

Liquidity Option Agreement

We entered into a put option agreement (the “Liquidity Option Agreement” or “Liquidity Option”) with Oiltanking Holding Americas, Inc. (“OTA”) and Marquard & Bahls AG (“M&B”), a German corporation and the ultimate parent company of OTA, in connection with the first step of the Oiltanking acquisition in 2014 (“Step 1”). Under the Liquidity Option Agreement, we granted M&B the option to sell to us 100% of the issued and outstanding capital stock of OTA at any time within a 90-day period commencing on February 1, 2020. If the Liquidity Option is exercised during this period, we would indirectly acquire the EPD common units then owned by OTA, currently 54,807,352 units, and assume all future income tax obligations of OTA associated with (i) owning common units encumbered by the entity-level taxes of a U.S. corporation and (ii) any associated net deferred taxes. If we assume net deferred tax liabilities that exceed the then current book value of the Liquidity Option liability at the exercise date, we will recognize expense for the difference.

The carrying value of the Liquidity Option Agreement, which is a component of “Other long-term liabilities” on our Unaudited Condensed Consolidated Balance Sheet, was $474.4 million and $390.0 million at June 30, 2019 and December 31, 2018, respectively. The fair value of the Liquidity Option, at any measurement date, represents the present value of estimated federal and state income tax payments that we believe a market participant would incur on the future taxable income of OTA. We expect that OTA’s taxable income would, in turn, be based on an allocation of our partnership’s taxable income to the common units held by OTA and reflect certain tax planning strategies we believe could be employed.

Changes in the fair value of the Liquidity Option are recognized in earnings as a component of other income (expense) on our Unaudited Condensed Statements of Consolidated Operations. Results for the three months ended June 30, 2019 and 2018 include $26.6 million and $8.9 million, respectively, of aggregate non-cash expense attributable to accretion and changes in management estimates regarding inputs to the valuation model. For the six months ended June 30, 2019 and 2018 this expense was $84.4 million and $16.4 million, respectively. Expense recognized during the first six months of 2019 is primarily due to a decrease in the applicable midstream industry weighted-average cost of capital, which is used as the discount factor in determining the present value of the liability, since December 31, 2018. The remainder of the inputs to the valuation model have not materially changed since those reported under Note 17 of the 2018 Form 10-K.

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2019

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

Note 16. Supplemental Cash Flow Information

The following table presents the net effect of changes in our operating accounts for the periods indicated:

	For the Six Months Ended June 30,
	2019			2018
Decrease (increase) in:
Accounts receivable – trade	$	(124.8	)	$	18.6
Accounts receivable – related parties		(10.6	)		(0.2	)
Inventories		(56.4	)		17.6
Prepaid and other current assets		(291.2	)		(82.4	)
Other assets		(12.4	)		(11.9	)
Increase (decrease) in:
Accounts payable – trade		60.0			112.1
Accounts payable – related parties		(21.0	)		(3.1	)
Accrued product payables		107.6			30.7
Accrued interest		(3.3	)		14.0
Other current liabilities		83.0			(306.4	)
Other liabilities		(62.9	)		(17.5	)
Net effect of changes in operating accounts	$	(332.0	)	$	(228.5	)

We incurred liabilities for construction in progress that had not been paid at June 30, 2019 and December 31, 2018 of $426.8 million and $567.6 million, respectively. Such amounts are not included under the caption “Capital expenditures” on the Unaudited Condensed Statements of Consolidated Cash Flows.

Acquisition of Delaware Processing

In March 2018, we acquired the remaining 50% member interest in our Delaware Basin Gas Processing LLC (“Delaware Processing”) joint venture for $150 million. As a result, Delaware Processing became our wholly-owned consolidated subsidiary. Upon acquisition of the remaining 50% member interest, our existing equity investment was remeasured to fair value resulting in the recognition of a non-cash $39.4 million gain during 2018.

Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2019

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Note 17. Condensed Consolidating Financial Information

EPO conducts all of our business. Currently, we have no independent operations and no material assets outside those of EPO.

EPO has issued publicly traded debt securities. As the parent company of EPO, EPD guarantees substantially all of the debt obligations of EPO. If EPO were to default on any of its guaranteed debt, EPD would be responsible for full and unconditional repayment of that obligation. See Note 7 for additional information regarding our consolidated debt obligations.

EPO’s consolidated subsidiaries have no significant restrictions on their ability to pay distributions or make loans to EPD.

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	24.6	$	89.7	$	(7.2	)	$	107.1	$	0.2	$	–		$	107.3
Accounts receivable – trade, net		1,088.1		2,701.3		(1.8	)		3,787.6		–		–			3,787.6
Accounts receivable – related parties		286.6		903.0		(1,130.9	)		58.7		–		(44.5	)		14.2
Inventories		1,004.3		582.1		(0.3	)		1,586.1		–		–			1,586.1
Derivative assets		154.7		41.1		–			195.8		–		–			195.8
Prepaid and other current assets		275.4		323.3		(31.4	)		567.3		0.5		0.1			567.9
Total current assets		2,833.7		4,640.5		(1,171.6	)		6,302.6		0.7		(44.4	)		6,258.9
Property, plant and equipment, net		6,269.9		33,865.6		(46.4	)		40,089.1		–		–			40,089.1
Investments in unconsolidated affiliates		44,685.6		4,120.5		(46,154.0	)		2,652.1		24,957.1		(24,957.1	)		2,652.1
Intangible assets, net		648.4		2,897.7		(13.5	)		3,532.6		–		–			3,532.6
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		387.3		278.0		(222.3	)		443.0		0.9		–			443.9
Total assets	$	55,284.4	$	51,088.0	$	(47,607.8	)	$	58,764.6	$	24,958.7	$	(25,001.5	)	$	58,721.8

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	500.0	$	–	$	–		$	500.0	$	–	$	–		$	500.0
Accounts payable – trade		335.5		750.2		(7.2	)		1,078.5		–		–			1,078.5
Accounts payable – related parties		1,013.4		205.1		(1,144.9	)		73.6		44.5		(44.5	)		73.6
Accrued product payables		1,369.1		2,247.9		(2.1	)		3,614.9		–		–			3,614.9
Accrued interest		392.3		0.8		(0.8	)		392.3		–		–			392.3
Derivative liabilities		106.6		21.8		–			128.4		–		–			128.4
Other current liabilities		127.5		378.9		(30.1	)		476.3		–		0.1			476.4
Total current liabilities		3,844.4		3,604.7		(1,185.1	)		6,264.0		44.5		(44.4	)		6,264.1
Long-term debt		26,370.3		14.7		–			26,385.0		–		–			26,385.0
Deferred tax liabilities		17.1		66.2		(1.0	)		82.3		–		2.3			84.6
Other long-term liabilities		145.7		614.5		(221.9	)		538.3		474.4		–			1,012.7
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		24,906.9		46,721.2		(46,700.2	)		24,927.9		24,439.8		(24,927.9	)		24,439.8
Noncontrolling interests		–		66.7		500.4			567.1		–		(31.5	)		535.6
Total equity		24,906.9		46,787.9		(46,199.8	)		25,495.0		24,439.8		(24,959.4	)		24,975.4
Total liabilities and equity	$	55,284.4	$	51,088.0	$	(47,607.8	)	$	58,764.6	$	24,958.7	$	(25,001.5	)	$	58,721.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	393.4	$	50.3	$	(33.6	)	$	410.1	$	–	$	–		$	410.1
Accounts receivable – trade, net		1,303.1		2,356.8		(0.8	)		3,659.1		–		–			3,659.1
Accounts receivable – related parties		141.8		1,423.7		(1,530.1	)		35.4		0.8		(32.7	)		3.5
Inventories		889.3		633.2		(0.4	)		1,522.1		–		–			1,522.1
Derivative assets		105.0		49.1		0.3			154.4		–		–			154.4
Prepaid and other current assets		166.0		155.1		(10.2	)		310.9		–		0.6			311.5
Total current assets		2,998.6		4,668.2		(1,574.8	)		6,092.0		0.8		(32.1	)		6,060.7
Property, plant and equipment, net		6,112.7		32,628.7		(3.8	)		38,737.6		–		–			38,737.6
Investments in unconsolidated affiliates		43,962.6		4,170.6		(45,518.1	)		2,615.1		24,273.6		(24,273.6	)		2,615.1
Intangible assets, net		659.2		2,963.0		(13.8	)		3,608.4		–		–			3,608.4
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		292.1		131.9		(222.1	)		201.9		0.9		–			202.8
Total assets	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,500.0	$	0.1	$	–		$	1,500.1	$	–	$	–		$	1,500.1
Accounts payable – trade		404.0		734.3		(35.5	)		1,102.8		–		–			1,102.8
Accounts payable – related parties		1,557.3		127.5		(1,543.9	)		140.9		31.9		(32.6	)		140.2
Accrued product payables		1,574.7		1,902.3		(1.2	)		3,475.8		–		–			3,475.8
Accrued interest		395.5		0.9		(0.8	)		395.6		–		–			395.6
Derivative liabilities		86.2		61.7		0.3			148.2		–		–			148.2
Other current liabilities		87.9		326.3		(9.4	)		404.8		–		–			404.8
Total current liabilities		5,605.6		3,153.1		(1,590.5	)		7,168.2		31.9		(32.6	)		7,167.5
Long-term debt		24,663.4		14.7		–			24,678.1		–		–			24,678.1
Deferred tax liabilities		17.0		62.0		(0.9	)		78.1		–		2.3			80.4
Other long-term liabilities		65.2		518.4		(221.9	)		361.7		389.9		–			751.6
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		24,133.5		46,031.8		(45,917.9	)		24,247.4		23,853.5		(24,247.4	)		23,853.5
Noncontrolling interests		–		68.1		398.6			466.7		–		(28.0	)		438.7
Total equity		24,133.5		46,099.9		(45,519.3	)		24,714.1		23,853.5		(24,275.4	)		24,292.2
Total liabilities and equity	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	7,918.3		$	5,740.0		$	(5,382.0	)	$	8,276.3		$	–		$	–		$	8,276.3
Costs and expenses:
Operating costs and expenses		7,570.2			4,609.5			(5,378.8	)		6,800.9			–			–			6,800.9
General and administrative costs		9.4			41.2			1.2			51.8			0.7			–			52.5
Total costs and expenses		7,579.6			4,650.7			(5,377.6	)		6,852.7			0.7			–			6,853.4
Equity in income of unconsolidated affiliates		1,198.2			157.6			(1,218.4	)		137.4			1,242.0			(1,242.0	)		137.4
Operating income		1,536.9			1,246.9			(1,222.8	)		1,561.0			1,241.3			(1,242.0	)		1,560.3
Other income (expense):
Interest expense		(290.4	)		(2.5	)		2.8			(290.1	)		–			–			(290.1	)
Other, net		4.2			1.2			(2.8	)		2.6			(26.6	)		–			(24.0	)
Total other expense, net		(286.2	)		(1.3	)		–			(287.5	)		(26.6	)		–			(314.1	)
Income before income taxes		1,250.7			1,245.6			(1,222.8	)		1,273.5			1,214.7			(1,242.0	)		1,246.2
Provision for income taxes		(5.5	)		(3.9	)		–			(9.4	)		–			(0.3	)		(9.7	)
Net income		1,245.2			1,241.7			(1,222.8	)		1,264.1			1,214.7			(1,242.3	)		1,236.5
Net income attributable to noncontrolling interests		–			(1.6	)		(21.7	)		(23.3	)		–			1.5			(21.8	)
Net income attributable to entity	$	1,245.2		$	1,240.1		$	(1,244.5	)	$	1,240.8		$	1,214.7		$	(1,240.8	)	$	1,214.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	9,556.8		$	5,806.4		$	(6,895.7	)	$	8,467.5		$	–		$	–		$	8,467.5
Costs and expenses:
Operating costs and expenses		9,256.1			5,191.8			(6,895.9	)		7,552.0			–			–			7,552.0
General and administrative costs		8.0			42.0			0.6			50.6			0.8			–			51.4
Total costs and expenses		9,264.1			5,233.8			(6,895.3	)		7,602.6			0.8			–			7,603.4
Equity in income of unconsolidated affiliates		667.7			136.5			(681.9	)		122.3			683.5			(683.5	)		122.3
Operating income		960.4			709.1			(682.3	)		987.2			682.7			(683.5	)		986.4
Other income (expense):
Interest expense		(274.8	)		(2.6	)		2.8			(274.6	)		–			–			(274.6	)
Other, net		2.4			3.1			(2.8	)		2.7			(8.9	)		–			(6.2	)
Total other expense, net		(272.4	)		0.5			–			(271.9	)		(8.9	)		–			(280.8	)
Income before income taxes		688.0			709.6			(682.3	)		715.3			673.8			(683.5	)		705.6
Provision for income taxes		(6.2	)		(12.0	)		–			(18.2	)		–			(0.2	)		(18.4	)
Net income		681.8			697.6			(682.3	)		697.1			673.8			(683.7	)		687.2
Net income attributable to noncontrolling interests		–			(2.0	)		(12.7	)		(14.7	)		–			1.3			(13.4	)
Net income attributable to entity	$	681.8		$	695.6		$	(695.0	)	$	682.4		$	673.8		$	(682.4	)	$	673.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	17,396.1		$	11,379.6		$	(11,955.9	)	$	16,819.8		$	–		$	–		$	16,819.8
Costs and expenses:
Operating costs and expenses		16,719.7			9,049.6			(11,948.7	)		13,820.6			–			–			13,820.6
General and administrative costs		13.2			88.0			1.9			103.1			1.6			–			104.7
Total costs and expenses		16,732.9			9,137.6			(11,946.8	)		13,923.7			1.6			–			13,925.3
Equity in income of unconsolidated affiliates		2,475.0			329.7			(2,512.7	)		292.0			2,561.2			(2,561.2	)		292.0
Operating income		3,138.2			2,571.7			(2,521.8	)		3,188.1			2,559.6			(2,561.2	)		3,186.5
Other income (expense):
Interest expense		(567.7	)		(5.2	)		5.6			(567.3	)		–			–			(567.3	)
Other, net		7.3			2.4			(5.6	)		4.1			(84.4	)		–			(80.3	)
Total other expense, net		(560.4	)		(2.8	)		–			(563.2	)		(84.4	)		–			(647.6	)
Income before income taxes		2,577.8			2,568.9			(2,521.8	)		2,624.9			2,475.2			(2,561.2	)		2,538.9
Provision for income taxes		(9.7	)		(11.7	)		–			(21.4	)		–			(0.6	)		(22.0	)
Net income		2,568.1			2,557.2			(2,521.8	)		2,603.5			2,475.2			(2,561.8	)		2,516.9
Net income attributable to noncontrolling interests		–			(3.4	)		(41.1	)		(44.5	)		–			2.8			(41.7	)
Net income attributable to entity	$	2,568.1		$	2,553.8		$	(2,562.9	)	$	2,559.0		$	2,475.2		$	(2,559.0	)	$	2,475.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	19,874.6		$	12,215.3		$	(14,323.9	)	$	17,766.0		$	–		$	–		$	17,766.0
Costs and expenses:
Operating costs and expenses		19,236.7			10,862.1			(14,324.1	)		15,774.7			–			–			15,774.7
General and administrative costs		13.4			88.7			0.6			102.7			1.7			–			104.4
Total costs and expenses		19,250.1			10,950.8			(14,323.5	)		15,877.4			1.7			–			15,879.1
Equity in income of unconsolidated affiliates		1,498.7			291.0			(1,551.7	)		238.0			1,592.6			(1,592.6	)		238.0
Operating income		2,123.2			1,555.5			(1,552.1	)		2,126.6			1,590.9			(1,592.6	)		2,124.9
Other income (expense):
Interest expense		(527.0	)		(5.1	)		5.4			(526.7	)		–			–			(526.7	)
Other, net		5.2			40.6			(5.4	)		40.4			(16.4	)		–			24.0
Total other expense, net		(521.8	)		35.5			–			(486.3	)		(16.4	)		–			(502.7	)
Income before income taxes		1,601.4			1,591.0			(1,552.1	)		1,640.3			1,574.5			(1,592.6	)		1,622.2
Provision for income taxes		(11.6	)		(11.4	)		–			(23.0	)		–			(0.5	)		(23.5	)
Net income		1,589.8			1,579.6			(1,552.1	)		1,617.3			1,574.5			(1,593.1	)		1,598.7
Net income attributable to noncontrolling interests		–			(3.7	)		(23.1	)		(26.8	)		–			2.6			(24.2	)
Net income attributable to entity	$	1,589.8		$	1,575.9		$	(1,575.2	)	$	1,590.5		$	1,574.5		$	(1,590.5	)	$	1,574.5

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	1,295.7	$	1,274.5		$	(1,222.8	)	$	1,347.4		$	1,298.0	$	(1,325.6	)	$	1,319.8
Comprehensive income attributable to noncontrolling interests		–		(1.6	)		(21.7	)		(23.3	)		–		1.5			(21.8	)
Comprehensive income attributable to entity	$	1,295.7	$	1,272.9		$	(1,244.5	)	$	1,324.1		$	1,298.0	$	(1,324.1	)	$	1,298.0

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	695.2	$	721.7		$	(681.7	)	$	735.2		$	711.8	$	(721.8	)	$	725.2
Comprehensive income attributable to noncontrolling interests		–		(2.0	)		(12.7	)		(14.7	)		–		1.3			(13.4	)
Comprehensive income attributable to entity	$	695.2	$	719.7		$	(694.4	)	$	720.5		$	711.8	$	(720.5	)	$	711.8

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	2,589.9	$	2,473.8		$	(2,521.8	)	$	2,541.9		$	2,413.6	$	(2,500.2	)	$	2,455.3
Comprehensive income attributable to noncontrolling interests		–		(3.4	)		(41.1	)		(44.5	)		–		2.8			(41.7	)
Comprehensive income attributable to entity	$	2,589.9	$	2,470.4		$	(2,562.9	)	$	2,497.4		$	2,413.6	$	(2,497.4	)	$	2,413.6

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	1,614.1	$	1,603.2		$	(1,551.5	)	$	1,665.8		$	1,623.0	$	(1,641.6	)	$	1,647.2
Comprehensive income attributable to noncontrolling interests		–		(3.7	)		(23.1	)		(26.8	)		–		2.6			(24.2	)
Comprehensive income attributable to entity	$	1,614.1	$	1,599.5		$	(1,574.6	)	$	1,639.0		$	1,623.0	$	(1,639.0	)	$	1,623.0

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	2,568.1		$	2,557.2		$	(2,521.8	)	$	2,603.5		$	2,475.2		$	(2,561.8	)	$	2,516.9
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		153.0			810.6			(0.5	)		963.1			–			–			963.1
Equity in income of unconsolidated affiliates		(2,475.0	)		(329.7	)		2,512.7			(292.0	)		(2,561.2	)		2,561.2			(292.0	)
Distributions received on earnings from unconsolidated affiliates		742.1			163.8			(614.8	)		291.1			2,021.2			(2,021.2	)		291.1
Net effect of changes in operating accounts and other operating activities		1,246.9			(1,718.2	)		43.9			(427.4	)		131.9			0.1			(295.4	)
Net cash flows provided by operating activities		2,235.1			1,483.7			(580.5	)		3,138.3			2,067.1			(2,021.7	)		3,183.7
Investing activities:
Capital expenditures		(388.6	)		(1,864.3	)		(7.9	)		(2,260.8	)		–			–			(2,260.8	)
Cash used for business combination, net of cash received		–			–			–			–			–			–			–
Proceeds from asset sales		0.8			15.3			–			16.1			–			–			16.1
Other investing activities		(1,014.8	)		(1.9	)		974.9			(41.8	)		(119.3	)		119.3			(41.8	)
Cash used in investing activities		(1,402.6	)		(1,850.9	)		967.0			(2,286.5	)		(119.3	)		119.3			(2,286.5	)
Financing activities:
Borrowings under debt agreements		40,318.1			–			–			40,318.1			–			–			40,318.1
Repayments of debt		(39,617.2	)		(0.1	)		–			(39,617.3	)		–			–			(39,617.3	)
Cash distributions paid to owners		(2,021.2	)		(679.8	)		679.8			(2,021.2	)		(1,907.9	)		2,021.2			(1,907.9	)
Cash payments made in connection with DERs		–			–			–			–			(10.5	)		–			(10.5	)
Cash distributions paid to noncontrolling interests		–			(4.9	)		(42.5	)		(47.4	)		–			0.5			(46.9	)
Cash contributions from noncontrolling interests		–			–			99.6			99.6			–			–			99.6
Net cash proceeds from issuance of common units		–			–			–			–			82.2			–			82.2
Common units acquired in connection with buyback program		–			–			–			–			(81.1	)		–			(81.1	)
Cash contributions from owners		119.3			1,097.0			(1,097.0	)		119.3			–			(119.3	)		–
Other financing activities		(0.3	)		(5.6	)		–			(5.9	)		(30.3	)		–			(36.2	)
Cash provided by (used in) financing activities		(1,201.3	)		406.6			(360.1	)		(1,154.8	)		(1,947.6	)		1,902.4			(1,200.0	)
Net change in cash and cash equivalents, including restricted cash		(368.8	)		39.4			26.4			(303.0	)		0.2			–			(302.8	)
Cash and cash equivalents, including restricted cash, at beginning of period		393.4			50.3			(33.6	)		410.1			–			–			410.1
Cash and cash equivalents, including restricted cash, at end of period	$	24.6		$	89.7		$	(7.2	)	$	107.1		$	0.2		$	–		$	107.3

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	1,589.8		$	1,579.6		$	(1,552.1	)	$	1,617.3		$	1,574.5		$	(1,593.1	)	$	1,598.7
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		129.3			744.7			(0.2	)		873.8			–			–			873.8
Equity in income of unconsolidated affiliates		(1,498.7	)		(291.0	)		1,551.7			(238.0	)		(1,592.6	)		1,592.6			(238.0	)
Distributions received on earnings from unconsolidated affiliates		609.5			136.3			(518.2	)		227.6			1,891.4			(1,891.4	)		227.6
Net effect of changes in operating accounts and other operating activities		1,405.7			(1,229.3	)		3.0			179.4			56.3			–			235.7
Net cash flows provided by operating activities		2,235.6			940.3			(515.8	)		2,660.1			1,929.6			(1,891.9	)		2,697.8
Investing activities:
Capital expenditures		(460.7	)		(1,405.2	)		–			(1,865.9	)		(55.2	)		–			(1,921.1	)
Cash used for business combination, net of cash received		–			(149.7	)		–			(149.7	)		–			–			(149.7	)
Proceeds from asset sales		0.4			2.2			–			2.6			–			–			2.6
Other investing activities		(1,024.5	)		160.4			842.7			(21.4	)		(253.7	)		253.7			(21.4	)
Cash used in investing activities		(1,484.8	)		(1,392.3	)		842.7			(2,034.4	)		(308.9	)		253.7			(2,089.6	)
Financing activities:
Borrowings under debt agreements		38,566.4			11.6			(11.6	)		38,566.4			–			–			38,566.4
Repayments of debt		(37,436.6	)		(0.4	)		–			(37,437.0	)		–			–			(37,437.0	)
Cash distributions paid to owners		(1,891.4	)		(727.8	)		727.8			(1,891.4	)		(1,847.3	)		1,891.4			(1,847.3	)
Cash payments made in connection with DERs		–			–			–			–			(8.6	)		–			(8.6	)
Cash distributions paid to noncontrolling interests		–			(4.3	)		(24.5	)		(28.8	)		–			0.5			(28.3	)
Cash contributions from noncontrolling interests		–			–			206.9			206.9			–			–			206.9
Net cash proceeds from issuance of common units		–			–			–			–			261.0			–			261.0
Cash contributions from owners		253.7			1,223.1			(1,223.1	)		253.7			–			(253.7	)		–
Other financing activities		(24.3	)		–			–			(24.3	)		(25.8	)		–			(50.1	)
Cash provided by (used in) financing activities		(532.2	)		502.2			(324.5	)		(354.5	)		(1,620.7	)		1,638.2			(337.0	)
Net change in cash and cash equivalents, including restricted cash		218.6			50.2			2.4			271.2			–			–			271.2
Cash and cash equivalents, including restricted cash, at beginning of period		65.2			31.5			(26.4	)		70.3			–			–			70.3
Cash and cash equivalents, including restricted cash, at end of period	$	283.8		$	81.7		$	(24.0	)	$	341.5		$	–		$	–		$	341.5

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Summary of Significant Accounting Policies [Abstract]

Lease Accounting Standard - Lessee

Lease accounting standard

•

We will not reassess whether any expired or existing contracts contain leases or the lease classification for any existing or expired leases.

•

We will combine lease and nonlease components relating to our office and warehouse leases, as applicable.

See Note 15 regarding our new disclosures regarding operating lease obligations.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Significant Accounting Policies [Abstract]

Cash, Cash Equivalents and Restricted Cash

	June 30, 2019		December 31, 2018
Cash and cash equivalents	$	107.3	$	344.8
Restricted cash		–		65.3
Total cash, cash equivalents and restricted cash shown in the Unaudited Condensed Statements of Consolidated Cash Flows	$	107.3	$	410.1

Inventories (Tables)

6 Months Ended

Jun. 30, 2019

Inventories [Abstract]

Inventory Amounts by Product Type

Our inventory amounts by product type were as follows at the dates indicated:

	June 30, 2019		December 31, 2018
NGLs	$	824.4	$	647.7
Petrochemicals and refined products		210.1		264.7
Crude oil		540.3		593.4
Natural gas		11.3		16.3
Total	$	1,586.1	$	1,522.1

Cost of Sales and Lower of Cost or Market Adjustments

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Cost of sales (1)		$	5,609.4		$	6,391.9		$	11,445.0		$	13,532.3
Lower of cost or net realizable value adjustments recognized within cost of sales			4.9			0.7			10.3			2.6

(1)	Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment and Accumulated Depreciation

The historical costs of our property, plant and equipment and related accumulated depreciation balances were as follows at the dates indicated:

	Estimated Useful Life in Years			June 30, 2019		December 31, 2018
Plants, pipelines and facilities (1)		3-45	(5)	$	44,578.5	$	42,371.0
Underground and other storage facilities (2)		5-40	(6)		3,700.2		3,624.2
Transportation equipment (3)		3-10			195.0		187.1
Marine vessels (4)		15-30			877.2		828.6
Land					365.1		359.5
Construction in progress					3,230.6		3,526.8
Total					52,946.6		50,897.2
Less accumulated depreciation					12,857.5		12,159.6
Property, plant and equipment, net				$	40,089.1	$	38,737.6

(1)	Plants, pipelines and facilities include processing plants; NGL, natural gas, crude oil and petrochemical and refined products pipelines; terminal loading and unloading facilities; buildings; office furniture and equipment; laboratory and shop equipment and related assets.
(2)	Underground and other storage facilities include underground product storage caverns; above ground storage tanks; water wells and related assets.
(3)	Transportation equipment includes tractor-trailer tank trucks and other vehicles and similar assets used in our operations.
(4)	Marine vessels include tow boats, barges and related equipment used in our marine transportation business.
(5)	In general, the estimated useful lives of major assets within this category are: processing plants, 20-35 years; pipelines and related equipment, 5-45 years; terminal facilities, 10-35 years; buildings, 20-40 years; office furniture and equipment, 3-20 years; and laboratory and shop equipment, 5-35 years.
(6)	In general, the estimated useful lives of assets within this category are: underground storage facilities, 5-35 years; storage tanks, 10-40 years; and water wells, 5-35 years.

Depreciation Expense and Capitalized Interest

The following table summarizes our depreciation expense and capitalized interest amounts for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Depreciation expense (1)		$	389.3		$	361.0		$	769.9		$	692.8
Capitalized interest (2)			32.8			27.1			69.0			85.3

(1)

Depreciation expense is a component of “Costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations.

(2)

AROs

ARO liability balance, December 31, 2018	$	126.3
Liabilities incurred		0.7
Liabilities settled		(0.3	)
Revisions in estimated cash flows		(4.8	)
Accretion expense		4.0
ARO liability balance, June 30, 2019	$	125.9

Investments in Unconsolidated Affiliates (Tables)

6 Months Ended

Jun. 30, 2019

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.

	June 30, 2019		December 31, 2018
NGL Pipelines & Services	$	686.7	$	662.0
Crude Oil Pipelines & Services		1,881.9		1,867.5
Natural Gas Pipelines & Services		24.0		22.8
Petrochemical & Refined Products Services		59.5		62.8
Total	$	2,652.1	$	2,615.1

The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
NGL Pipelines & Services	$	26.7		$	39.4		$	56.8		$	58.8
Crude Oil Pipelines & Services		111.0			83.5			235.6			181.4
Natural Gas Pipelines & Services		1.6			1.6			3.3			2.6
Petrochemical & Refined Products Services		(1.9	)		(2.2	)		(3.7	)		(4.8	)
Total	$	137.4		$	122.3		$	292.0		$	238.0

Combined results of operations data for the periods indicated for our unconsolidated affiliates are summarized in the following table (all data presented on a 100% basis):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Income Statement Data:
Revenues	$	497.9	$	461.3	$	1,014.4	$	857.3
Operating income		299.3		288.1		637.8		531.8
Net income		298.8		286.4		636.4		528.7

Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2019

Intangible Assets and Goodwill [Abstract]

Intangible Assets by Segment

The following table summarizes our intangible assets by business segment at the dates indicated:

	June 30, 2019							December 31, 2018
	Gross Value		Accumulated Amortization			Carrying Value		Gross Value		Accumulated Amortization			Carrying Value
NGL Pipelines & Services:
Customer relationship intangibles	$	447.8	$	(199.3	)	$	248.5	$	457.3	$	(201.9	)	$	255.4
Contract-based intangibles		375.4		(249.9	)		125.5		363.4		(238.7	)		124.7
Segment total		823.2		(449.2	)		374.0		820.7		(440.6	)		380.1
Crude Oil Pipelines & Services:
Customer relationship intangibles		2,203.5		(207.7	)		1,995.8		2,203.5		(174.1	)		2,029.4
Contract-based intangibles		276.9		(224.2	)		52.7		276.9		(211.7	)		65.2
Segment total		2,480.4		(431.9	)		2,048.5		2,480.4		(385.8	)		2,094.6
Natural Gas Pipelines & Services:
Customer relationship intangibles		1,350.3		(464.9	)		885.4		1,350.3		(447.8	)		902.5
Contract-based intangibles		466.4		(391.7	)		74.7		464.7		(387.9	)		76.8
Segment total		1,816.7		(856.6	)		960.1		1,815.0		(835.7	)		979.3
Petrochemical & Refined Products Services:
Customer relationship intangibles		181.4		(54.8	)		126.6		181.4		(51.8	)		129.6
Contract-based intangibles		46.0		(22.6	)		23.4		46.0		(21.2	)		24.8
Segment total		227.4		(77.4	)		150.0		227.4		(73.0	)		154.4
Total intangible assets	$	5,347.7	$	(1,815.1	)	$	3,532.6	$	5,343.5	$	(1,735.1	)	$	3,608.4

Amortization Expense of Intangible Assets by Segment

The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
NGL Pipelines & Services	$	9.0	$	9.3	$	18.1	$	16.4
Crude Oil Pipelines & Services		24.1		22.6		46.1		46.6
Natural Gas Pipelines & Services		10.0		9.6		20.9		19.3
Petrochemical & Refined Products Services		2.2		2.1		4.4		4.4
Total	$	45.3	$	43.6	$	89.5	$	86.7

Forecasted Amortization Expense

The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder of 2019				2020				2021				2022				2023
$	82.1			$	160.5			$	162.8			$	168.4			$	168.5

Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2019

Debt Obligations [Abstract]

Consolidated Debt Obligations

The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated:

	June 30, 2019			December 31, 2018
EPO senior debt obligations:
Commercial Paper Notes, variable-rates (1)	$	1,425.0		$	–
Senior Notes N, 6.50% fixed-rate, due January 2019		–			700.0
364-Day Revolving Credit Agreement, variable-rate, due September 2019		–			–
Senior Notes LL, 2.55% fixed-rate, due October 2019 (1)		800.0			800.0
Senior Notes Q, 5.25% fixed-rate, due January 2020		500.0			500.0
Senior Notes Y, 5.20% fixed-rate, due September 2020		1,000.0			1,000.0
Senior Notes TT, 2.80% fixed-rate, due February 2021		750.0			750.0
Senior Notes RR, 2.85% fixed-rate, due April 2021		575.0			575.0
Senior Notes VV, 3.50% fixed-rate, due February 2022		750.0			750.0
Senior Notes CC, 4.05% fixed-rate, due February 2022		650.0			650.0
Multi-Year Revolving Credit Facility, variable-rate, due September 2022		–			–
Senior Notes HH, 3.35% fixed-rate, due March 2023		1,250.0			1,250.0
Senior Notes JJ, 3.90% fixed-rate, due February 2024		850.0			850.0
Senior Notes MM, 3.75% fixed-rate, due February 2025		1,150.0			1,150.0
Senior Notes PP, 3.70% fixed-rate, due February 2026		875.0			875.0
Senior Notes SS, 3.95% fixed-rate, due February 2027		575.0			575.0
Senior Notes WW, 4.15% fixed-rate, due October 2028		1,000.0			1,000.0
Senior Notes D, 6.875% fixed-rate, due March 2033		500.0			500.0
Senior Notes H, 6.65% fixed-rate, due October 2034		350.0			350.0
Senior Notes J, 5.75% fixed-rate, due March 2035		250.0			250.0
Senior Notes W, 7.55% fixed-rate, due April 2038		399.6			399.6
Senior Notes R, 6.125% fixed-rate, due October 2039		600.0			600.0
Senior Notes Z, 6.45% fixed-rate, due September 2040		600.0			600.0
Senior Notes BB, 5.95% fixed-rate, due February 2041		750.0			750.0
Senior Notes DD, 5.70% fixed-rate, due February 2042		600.0			600.0
Senior Notes EE, 4.85% fixed-rate, due August 2042		750.0			750.0
Senior Notes GG, 4.45% fixed-rate, due February 2043		1,100.0			1,100.0
Senior Notes II, 4.85% fixed-rate, due March 2044		1,400.0			1,400.0
Senior Notes KK, 5.10% fixed-rate, due February 2045		1,150.0			1,150.0
Senior Notes QQ, 4.90% fixed-rate, due May 2046		975.0			975.0
Senior Notes UU, 4.25% fixed-rate, due February 2048		1,250.0			1,250.0
Senior Notes XX, 4.80% fixed-rate, due February 2049		1,250.0			1,250.0
Senior Notes NN, 4.95% fixed-rate, due October 2054		400.0			400.0
TEPPCO senior debt obligations:
TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038		0.4			0.4
Total principal amount of senior debt obligations		24,475.0			23,750.0
EPO Junior Subordinated Notes C, variable-rate, due June 2067 (2)		232.2			256.4
EPO Junior Subordinated Notes D, fixed/variable-rate, due August 2077 (3)		700.0			700.0
EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077 (4)		1,000.0			1,000.0
EPO Junior Subordinated Notes F, fixed/variable-rate, due February 2078 (5)		700.0			700.0
TEPPCO Junior Subordinated Notes, variable-rate, due June 2067 (2)		14.2			14.2
Total principal amount of senior and junior debt obligations		27,121.4			26,420.6
Other, non-principal amounts		(236.4	)		(242.4	)
Less current maturities of debt (1)		(500.0	)		(1,500.1	)
Total long-term debt	$	26,385.0		$	24,678.1

(1)	In accordance with ASC 470, Debt, long-term and current maturities of debt reflect the classification of such obligations at June 30, 2019 after taking into consideration EPO's issuance of senior notes in July 2019.
(2)	Variable rate is reset quarterly and based on 3-month LIBOR, or London Inter-Bank Offered Rate, plus 2.778%. During the second quarter of 2019, EPO repurchased and retired $24.2 million in principal amount of these junior subordinated notes.
(3)	Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%.
(4)	Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%.
(5)	Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.57%.

Interest Rates and Weighted-Average Interest Rates Paid on Consolidated Variable-Rate Debt Obligations

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
Commercial Paper Notes	2.59% to 2.80%	2.72%
EPO Junior Subordinated Notes C and TEPPCO Junior Subordinated Notes	5.30% to 5.52%	5.42%

Consolidated Debt Maturities

			Scheduled Maturities of Debt
	Total		Remainder of 2019		2020		2021		2022		2023		Thereafter
Principal amount of senior and junior debt obligations at June 30, 2019	$	27,121.4	$	–	$	1,500.0	$	1,325.0	$	1,400.0	$	1,250.0	$	21,646.4

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Equity and Distributions (Tables)

6 Months Ended

Jun. 30, 2019

Equity and Distributions [Abstract]

Summary of Changes in Outstanding Units

The following table summarizes changes in the number of EPD limited partner common units outstanding since December 31, 2018:

Common units outstanding at December 31, 2018	2,184,869,029
Common unit repurchases under 2019 Buyback Program	(1,852,392	)
Common units issued in connection with DRIP and EUPP	1,516,779
Common units issued in connection with employee compensation	1,626,041
Common units issued in connection with the vesting of phantom unit awards, net	2,379,620
Other	21,595
Common units outstanding at March 31, 2019	2,188,560,672
Common unit repurchases under 2019 Buyback Program	(1,056,736	)
Common units issued in connection with DRIP and EUPP	1,381,211
Common units issued in connection with the vesting of phantom unit awards, net	120,831
Common units outstanding at June 30, 2019	2,189,005,978

Components of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

	Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other			Total
Accumulated Other Comprehensive Income (Loss), December 31, 2018	$	152.7		$	(104.8	)	$	3.0		$	50.9
Other comprehensive income (loss) for period, before reclassifications		(13.7	)		(5.2	)		(0.6	)		(19.5	)
Reclassification of losses (gains) to net income during period		(60.5	)		18.4			–			(42.1	)
Total other comprehensive income (loss) for period		(74.2	)		13.2			(0.6	)		(61.6	)
Accumulated Other Comprehensive Income (Loss), June 30, 2019	$	78.5		$	(91.6	)	$	2.4		$	(10.7	)

	Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other			Total
Accumulated Other Comprehensive Income (Loss), December 31, 2017	$	(10.1	)	$	(165.1	)	$	3.5		$	(171.7	)
Other comprehensive income (loss) for period, before reclassifications		(10.2	)		14.6			(0.5	)		3.9
Reclassification of losses (gains) to net income during period		24.7			19.9			–			44.6
Total other comprehensive income (loss) for period		14.5			34.5			(0.5	)		48.5
Accumulated Other Comprehensive Income (Loss), June 30, 2018	$	4.4		$	(130.6	)	$	3.0		$	(123.2	)

Reclassification out of Accumulated Other Comprehensive Income (Loss)

The following table presents reclassifications of (income) loss out of accumulated other comprehensive income into net income during the periods indicated:

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
Losses (gains) on cash flow hedges:	Location	2019			2018			2019			2018
Interest rate derivatives	Interest expense	$	9.2		$	9.4		$	18.4		$	19.9
Commodity derivatives	Revenue		(2.5	)		39.4			(67.8	)		25.4
Commodity derivatives	Operating costs and expenses		0.3			(0.2	)		7.3			(0.7	)
Total		$	7.0		$	48.6		$	(42.1	)	$	44.6

Revenues (Tables)

6 Months Ended

Jun. 30, 2019

Revenues [Abstract]

Revenues by Business Segment and Revenue Type

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
NGL Pipelines & Services:
Sales of NGLs and related products	$	2,659.4	$	2,610.9	$	5,330.6	$	5,426.3
Segment midstream services:
Natural gas processing and fractionation		288.2		332.6		557.7		585.0
Transportation		243.9		228.3		519.2		483.7
Storage and terminals		93.2		101.9		191.6		192.0
Total segment midstream services		625.3		662.8		1,268.5		1,260.7
Total NGL Pipelines & Services		3,284.7		3,273.7		6,599.1		6,687.0
Crude Oil Pipelines & Services:
Sales of crude oil		2,531.7		2,532.2		4,860.1		5,873.9
Segment midstream services:
Transportation		205.3		161.1		389.0		302.8
Storage and terminals		129.6		87.9		224.8		175.4
Total segment midstream services		334.9		249.0		613.8		478.2
Total Crude Oil Pipelines & Services		2,866.6		2,781.2		5,473.9		6,352.1
Natural Gas Pipelines & Services:
Sales of natural gas		531.4		532.5		1,187.1		1,092.5
Segment midstream services:
Transportation		287.9		260.3		559.7		505.1
Total segment midstream services		287.9		260.3		559.7		505.1
Total Natural Gas Pipelines & Services		819.3		792.8		1,746.8		1,597.6
Petrochemical & Refined Products Services:
Sales of petrochemicals and refined products		1,087.7		1,413.4		2,568.3		2,702.7
Segment midstream services:
Fractionation and isomerization		41.5		45.2		82.3		100.9
Transportation, including marine logistics		132.2		114.2		258.8		233.8
Storage and terminals		44.3		47.0		90.6		91.9
Total segment midstream services		218.0		206.4		431.7		426.6
Total Petrochemical & Refined Products Services		1,305.7		1,619.8		3,000.0		3,129.3
Total consolidated revenues	$	8,276.3	$	8,467.5	$	16,819.8	$	17,766.0

Unbilled Revenue and Deferred Revenue

The following table provides information regarding our contract assets and contract liabilities at June 30, 2019:

Contract Asset	Location	Balance
Unbilled revenue (current amount)	Prepaid and other current assets	$	160.9
Total		$	160.9

Contract Liability	Location	Balance
Deferred revenue (current amount)	Other current liabilities	$	111.7
Deferred revenue (noncurrent)	Other long-term liabilities		198.8
Total		$	310.5

The following table presents significant changes in our unbilled revenue and deferred revenue balances during the six months ended June 30, 2019:

	Unbilled Revenue			Deferred Revenue
Balance at December 31, 2018	$	13.3		$	291.2
Amount included in opening balance transferred to other accounts during period (1)		(3.4	)		(83.2	)
Amount recorded during period		169.3			277.0
Amounts recorded during period transferred to other accounts (1)		(18.3	)		(172.6	)
Other changes		–			(1.9	)
Balance at June 30, 2019	$	160.9		$	310.5

(1)	Unbilled revenues are transferred to accounts receivable once we have an unconditional right to consideration from the customer. Deferred revenues are recognized as revenue upon satisfaction of our performance obligation to the customer.

Remaining Performance Obligations

Remainder of 2019				2020				2021				2022				2023				Thereafter				Total
$	1,910.5			$	3,436.4			$	2,925.1			$	2,404.1			$	1,990.1			$	8,528.7			$	21,194.9

Business Segments (Tables)

6 Months Ended

Jun. 30, 2019

Business Segments [Abstract]

Measurement of Total Segment Gross Operating Margin

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Operating income	$	1,560.3		$	986.4		$	3,186.5		$	2,124.9
Adjustments to reconcile operating income to total segment gross operating margin (addition or subtraction indicated by sign):
Depreciation, amortization and accretion expense in operating costs and expenses		462.8			425.3			913.7			819.6
Asset impairment and related charges in operating costs and expenses		7.0			15.9			11.8			16.8
Net gains attributable to asset sales in operating costs and expenses		(2.1	)		(0.9	)		(2.5	)		(1.4	)
General and administrative costs		52.5			51.4			104.7			104.4
Non-refundable payments received from shippers attributable to make-up rights (1)		11.3			5.6			13.5			8.3
Subsequent recognition of revenues attributable to make-up rights (2)		(5.6	)		(22.0	)		(13.1	)		(36.2	)
Total segment gross operating margin	$	2,086.2		$	1,461.7		$	4,214.6		$	3,036.4

(1)	Since make-up rights entail a future performance obligation by the pipeline to the shipper, these receipts are recorded as deferred revenue for GAAP purposes; however, these receipts are included in gross operating margin in the period of receipt since they are nonrefundable to the shipper.
(2)	As deferred revenues attributable to make-up rights are subsequently recognized as revenue under GAAP, gross operating margin must be adjusted to remove such amounts to prevent duplication since the associated non-refundable payments were previously included in gross operating margin.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Gross operating margin by segment:
NGL Pipelines & Services	$	966.3	$	913.7	$	1,925.5	$	1,798.6
Crude Oil Pipelines & Services		513.2		52.8		1,175.5		272.8
Natural Gas Pipelines & Services		301.8		213.4		566.1		411.3
Petrochemical & Refined Products Services		304.9		281.8		547.5		553.7
Total segment gross operating margin	$	2,086.2	$	1,461.7	$	4,214.6	$	3,036.4

The following table summarizes the non-cash mark-to-market gains (losses) included in gross operating margin and interest expense for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Mark-to-market gains (losses) in gross operating margin:
NGL Pipelines & Services	$	(0.7	)	$	11.2		$	0.6		$	7.8
Crude Oil Pipelines & Services		(14.6	)		(338.0	)		85.2			(467.6	)
Natural Gas Pipelines & Services		0.3			3.4			–			1.2
Petrochemical & Refined Products Services		2.5			1.3			(2.0	)		(0.3	)
Total mark-to-market impact on gross operating margin		(12.5	)		(322.1	)		83.8			(458.9	)
Mark-to-market loss in interest expense		–			–			–			(0.1	)
Total	$	(12.5	)	$	(322.1	)	$	83.8		$	(459.0	)

Information by Business Segments

Information by business segment, together with reconciliations to amounts presented on our Unaudited Condensed Statements of Consolidated Operations, is presented in the following table:

	Reportable Business Segments
	NGL Pipelines & Services		Crude Oil Pipelines & Services		Natural Gas Pipelines & Services		Petrochemical & Refined Products Services			Adjustments and Eliminations			Consolidated Total
Revenues from third parties:
Three months ended June 30, 2019	$	3,282.2	$	2,847.0	$	815.6	$	1,305.7		$	–		$	8,250.5
Three months ended June 30, 2018		3,268.8		2,733.8		789.5		1,619.8			–			8,411.9
Six months ended June 30, 2019		6,593.8		5,448.6		1,739.3		3,000.0			–			16,781.7
Six months ended June 30, 2018		6,678.4		6,286.5		1,591.5		3,129.3			–			17,685.7
Revenues from related parties:
Three months ended June 30, 2019		2.5		19.6		3.7		–			–			25.8
Three months ended June 30, 2018		4.9		47.4		3.3		–			–			55.6
Six months ended June 30, 2019		5.3		25.3		7.5		–			–			38.1
Six months ended June 30, 2018		8.6		65.6		6.1		–			–			80.3
Intersegment and intrasegment revenues:
Three months ended June 30, 2019		4,494.8		9,453.3		163.1		617.9			(14,729.1	)		–
Three months ended June 30, 2018		6,004.6		9,978.5		165.0		784.0			(16,932.1	)		–
Six months ended June 30, 2019		9,986.2		17,338.3		358.5		1,332.3			(29,015.3	)		–
Six months ended June 30, 2018		12,569.5		21,404.8		335.9		1,397.3			(35,707.5	)		–
Total revenues:
Three months ended June 30, 2019		7,779.5		12,319.9		982.4		1,923.6			(14,729.1	)		8,276.3
Three months ended June 30, 2018		9,278.3		12,759.7		957.8		2,403.8			(16,932.1	)		8,467.5
Six months ended June 30, 2019		16,585.3		22,812.2		2,105.3		4,332.3			(29,015.3	)		16,819.8
Six months ended June 30, 2018		19,256.5		27,756.9		1,933.5		4,526.6			(35,707.5	)		17,766.0
Equity in income (loss) of unconsolidated affiliates:
Three months ended June 30, 2019		26.7		111.0		1.6		(1.9	)		–			137.4
Three months ended June 30, 2018		39.4		83.5		1.6		(2.2	)		–			122.3
Six months ended June 30, 2019		56.8		235.6		3.3		(3.7	)		–			292.0
Six months ended June 30, 2018		58.8		181.4		2.6		(4.8	)		–			238.0

Information by business segment, together with reconciliations to our Unaudited Condensed Consolidated Balance Sheet totals, is presented in the following table:

	Reportable Business Segments
	NGL Pipelines & Services		Crude Oil Pipelines & Services		Natural Gas Pipelines & Services		Petrochemical & Refined Products Services		Adjustments and Eliminations		Consolidated Total
Property, plant and equipment, net: (see Note 4)
At June 30, 2019	$	16,109.6	$	6,293.5	$	8,275.8	$	6,179.6	$	3,230.6	$	40,089.1
At December 31, 2018		14,845.4		5,847.7		8,303.8		6,213.9		3,526.8		38,737.6
Investments in unconsolidated affiliates: (see Note 5)
At June 30, 2019		686.7		1,881.9		24.0		59.5		–		2,652.1
At December 31, 2018		662.0		1,867.5		22.8		62.8		–		2,615.1
Intangible assets, net: (see Note 6)
At June 30, 2019		374.0		2,048.5		960.1		150.0		–		3,532.6
At December 31, 2018		380.1		2,094.6		979.3		154.4		–		3,608.4
Goodwill: (see Note 6)
At June 30, 2019		2,651.7		1,841.0		296.3		956.2		–		5,745.2
At December 31, 2018		2,651.7		1,841.0		296.3		956.2		–		5,745.2
Segment assets:
At June 30, 2019		19,822.0		12,064.9		9,556.2		7,345.3		3,230.6		52,019.0
At December 31, 2018		18,539.2		11,650.8		9,602.2		7,387.3		3,526.8		50,706.3

Consolidated Revenues and Expenses

The following table presents additional information regarding our consolidated revenues and costs and expenses for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Consolidated revenues:
NGL Pipelines & Services	$	3,284.7		$	3,273.7		$	6,599.1		$	6,687.0
Crude Oil Pipelines & Services		2,866.6			2,781.2			5,473.9			6,352.1
Natural Gas Pipelines & Services		819.3			792.8			1,746.8			1,597.6
Petrochemical & Refined Products Services		1,305.7			1,619.8			3,000.0			3,129.3
Total consolidated revenues	$	8,276.3		$	8,467.5		$	16,819.8		$	17,766.0

Consolidated costs and expenses
Operating costs and expenses:
Cost of sales	$	5,609.4		$	6,391.9		$	11,445.0		$	13,532.3
Other operating costs and expenses (1)		723.8			719.8			1,452.6			1,407.4
Depreciation, amortization and accretion		462.8			425.3			913.7			819.6
Asset impairment and related charges		7.0			15.9			11.8			16.8
Net gains attributable to asset sales		(2.1	)		(0.9	)		(2.5	)		(1.4	)
General and administrative costs		52.5			51.4			104.7			104.4
Total consolidated costs and expenses	$	6,853.4		$	7,603.4		$	13,925.3		$	15,879.1

(1)	Represents the cost of operating our plants, pipelines and other fixed assets excluding: depreciation, amortization and accretion charges; asset impairment and related charges; and net losses (or gains) attributable to asset sales.

Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Unit [Abstract]

Basic and Diluted Earnings Per Unit

The following table presents our calculation of basic and diluted earnings per unit for the periods indicated:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
BASIC EARNINGS PER UNIT
Net income attributable to limited partners	$	1,214.7		$	673.8		$	2,475.2		$	1,574.5
Undistributed earnings allocated and cash payments on phantom unit awards (1)		(7.4	)		(4.6	)		(15.2	)		(9.3	)
Net income available to common unitholders	$	1,207.3		$	669.2		$	2,460.0		$	1,565.2

Basic weighted-average number of common units outstanding		2,189.1			2,174.6			2,188.1			2,170.7

Basic earnings per unit	$	0.55		$	0.31		$	1.12		$	0.72

DILUTED EARNINGS PER UNIT
Net income attributable to limited partners	$	1,214.7		$	673.8		$	2,475.2		$	1,574.5

Diluted weighted-average number of units outstanding:
Distribution-bearing common units		2,189.1			2,174.6			2,188.1			2,170.7
Phantom units (1)		13.5			10.8			13.0			10.6
Total		2,202.6			2,185.4			2,201.1			2,181.3

Diluted earnings per unit	$	0.55		$	0.31		$	1.12		$	0.72

(1)

Equity-Based Awards (Tables)

6 Months Ended

Jun. 30, 2019

Equity-based Awards [Abstract]

Equity-based Award Expense

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Equity-classified awards:
Phantom unit awards	$	35.5	$	25.9	$	64.9	$	50.5
Profits interest awards		3.0		1.0		5.6		2.6
Liability-classified awards		–		0.1		–		0.2
Total	$	38.5	$	27.0	$	70.5	$	53.3

Other Share-based Compensation Plans

	Number of Units			Weighted- Average Grant Date Fair Value per Unit (1)
Phantom unit awards at December 31, 2018		10,333,277		$	26.97
Granted (2)		6,836,920		$	27.75
Vested		(3,561,704	)	$	27.58
Forfeited		(182,095	)	$	27.18
Phantom unit awards at June 30, 2019		13,426,398		$	27.21

(1)	Determined by dividing the aggregate grant date fair value of awards (before an allowance for forfeitures) by the number of awards issued.
(2)	The aggregate grant date fair value of phantom unit awards issued during 2019 was $189.7 million based on a grant date market price of EPD common units ranging from $27.75 to $28.55 per unit. An estimated annual forfeiture rate of 3.0% was applied to these awards.

Cash Distributions and Total Intrinsic Value of Phantom Unit Awards

The following table presents supplemental information regarding phantom unit awards for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Cash payments made in connection with DERs	$	6.0	$	4.7	$	10.5	$	8.6
Total intrinsic value of phantom unit awards that vested during period		4.7		3.1		101.7		85.1

Derivative Instruments, Hedging Activities and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments, Hedging Activities and Fair Value Measurements [Abstract]

Hedging Instruments Under the FASB's Derivative and Hedging Guidance

Hedged Transaction	Number and Type of Derivatives Outstanding	Notional Amount	Expected Settlement Date	Average Rate Locked	Accounting Treatment
Future long-term debt offering	1 forward-starting swap	$75.0	9/2020	2.39%	Cash flow hedge
Future long-term debt offering	1 forward-starting swap	$75.0	4/2021	2.41%	Cash flow hedge

The following table summarizes our portfolio of commodity derivative instruments outstanding at June 30, 2019 (volume measures as noted):

	Volume (1)		Accounting
Derivative Purpose	Current (2)	Long-Term (2)	Treatment
Derivatives designated as hedging instruments:
Natural gas processing:
Forecasted natural gas purchases for plant thermal reduction (billion cubic feet (“Bcf”))	25.9	n/a	Cash flow hedge
Forecasted sales of NGLs (million barrels (“MMBbls”))	4.2	n/a	Cash flow hedge
Octane enhancement:
Forecasted purchase of NGLs (MMBbls)	1.3	n/a	Cash flow hedge
Forecasted sales of octane enhancement products (MMBbls)	2.0	n/a	Cash flow hedge
Natural gas marketing:
Forecasted purchase of natural gas (Bcf)	3.7	n/a	Cash flow hedge
Natural gas storage inventory management activities (Bcf)	1.7	n/a	Fair value hedge
NGL marketing:
Forecasted purchases of NGLs and related hydrocarbon products (MMBbls)	55.0	2.8	Cash flow hedge
Forecasted sales of NGLs and related hydrocarbon products (MMBbls)	72.1	0.8	Cash flow hedge
NGLs inventory management activities (MMBbls)	0.6	n/a	Fair value hedge
Refined products marketing:
Refined products inventory management activities (MMBbls)	0.1	n/a	Fair value hedge
Crude oil marketing:
Forecasted purchases of crude oil (MMBbls)	19.2	n/a	Cash flow hedge
Forecasted sales of crude oil (MMBbls)	26.2	n/a	Cash flow hedge
Propylene marketing:
Forecasted sales of NGLs for propylene marketing activities (MMBbls)	0.3	n/a	Cash flow hedge
Derivatives not designated as hedging instruments:
Natural gas risk management activities (Bcf) (3)	47.5	0.1	Mark-to-market
NGL risk management activities (MMBbls) (3)	5.4	n/a	Mark-to-market
Refined products risk management activities (MMBbls) (3)	1.8	n/a	Mark-to-market
Crude oil risk management activities (MMBbls) (3)	39.0	1.6	Mark-to-market

(1)	Volume for derivatives designated as hedging instruments reflects the total amount of volumes hedged whereas volume for derivatives not designated as hedging instruments reflects the absolute value of derivative notional volumes.
(2)	The maximum term for derivatives designated as cash flow hedges, derivatives designated as fair value hedges and derivatives not designated as hedging instruments is December 2020, December 2019 and December 2020, respectively.
(3)	Reflects the use of derivative instruments to manage risks associated with transportation, processing and storage assets.

Derivative Assets and Liabilities Balance Sheet

The following table provides a balance sheet overview of our derivative assets and liabilities at the dates indicated:

	Asset Derivatives						Liability Derivatives
	June 30, 2019			December 31, 2018			June 30, 2019			December 31, 2018
	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	Other assets	$	–	Other assets	$	–	Other liabilities	$	5.2	Other liabilities	$	–
Commodity derivatives	Current assets	$	172.4	Current assets	$	138.5	Current liabilities	$	115.2	Current liabilities	$	115.0
Commodity derivatives	Other assets		4.9	Other assets		5.6	Other liabilities		7.6	Other liabilities		11.1
Total commodity derivatives		$	177.3		$	144.1		$	122.8		$	126.1
Total derivatives designated as hedging instruments		$	177.3		$	144.1		$	128.0		$	126.1

Derivatives not designated as hedging instruments
Commodity derivatives	Current assets	$	23.4	Current assets	$	15.9	Current liabilities	$	13.2	Current liabilities	$	33.2
Commodity derivatives	Other assets		1.6	Other assets		1.9	Other liabilities		1.0	Other liabilities		3.1
Total		$	25.0		$	17.8		$	14.2		$	36.3

Offsetting Financial Assets

	Offsetting of Financial Assets and Derivative Assets
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Balance Sheet			Amounts of Assets Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheet											Amounts That Would Have Been Presented On Net Basis
	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Balance Sheet			Amounts of Assets Presented in the Balance Sheet			Financial Instruments				Cash Collateral Received				Cash Collateral Paid			Amounts That Would Have Been Presented On Net Basis
	(i)			(ii)			(iii) = (i) – (ii)			(iv)											(v) = (iii) + (iv)
As of June 30, 2019:
Commodity derivatives		$	202.3		$	–		$	202.3		$	(137.7	)		$	(64.6	)		$	–		$	–
As of December 31, 2018:
Commodity derivatives		$	161.9		$	–		$	161.9		$	(158.6	)		$	–			$	–		$	3.3

Offsetting Financial Liabilities

	Offsetting of Financial Liabilities and Derivative Liabilities
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Amounts of Liabilities Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheet									Amounts That Would Have Been Presented On Net Basis
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Amounts of Liabilities Presented in the Balance Sheet			Financial Instruments				Cash Collateral Received		Cash Collateral Paid			Amounts That Would Have Been Presented On Net Basis
	(i)			(ii)			(iii) = (i) – (ii)			(iv)									(v) = (iii) + (iv)
As of June 30, 2019:
Interest rate derivatives		$	5.2			–		$	5.2		$	–		$	–	$	–			$	5.2
Commodity derivatives			137.0		$	–			137.0			(137.7	)		–		0.2				(0.5	)
As of December 31, 2018:
Commodity derivatives		$	162.4		$	–		$	162.4		$	(158.6	)	$	–	$	(2.3	)		$	1.5

Derivative Instruments Effects on Statements of Operations

The following tables present the effect of our derivative instruments designated as fair value hedges on our Unaudited Condensed Statements of Consolidated Operations for the periods indicated:

Derivatives in Fair Value Hedging Relationships	Location	Gain (Loss) Recognized in Income on Derivative
		For the Three Months Ended June 30,				For the Six Months Ended June 30,
		2019		2018		2019			2018
Interest rate derivatives	Interest expense	$	–	$	0.6	$	–		$	1.3
Commodity derivatives	Revenue		6.9		4.8		(1.6	)		4.6
Total		$	6.9	$	5.4	$	(1.6	)	$	5.9

Derivatives in Fair Value Hedging Relationships	Location	Gain (Loss) Recognized in Income on Hedged Item
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019		2018
Interest rate derivatives	Interest expense	$	–		$	(0.6	)	$	–	$	(1.4	)
Commodity derivatives	Revenue		(3.6	)		(4.9	)		6.3		(1.8	)
Total		$	(3.6	)	$	(5.5	)	$	6.3	$	(3.2	)

Derivative Instruments Effects on Statements of Comprehensive Income

Derivatives in Cash Flow Hedging Relationships	Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative
	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Interest rate derivatives	$	(5.2	)	$	3.5		$	(5.2	)	$	14.6
Commodity derivatives – Revenue (1)		84.3			(14.2	)		(2.4	)		(11.2	)
Commodity derivatives – Operating costs and expenses (1)		(2.8	)		0.6			(11.3	)		1.0
Total	$	76.3		$	(10.1	)	$	(18.9	)	$	4.4

(1)	The fair value of these derivative instruments will be reclassified to their respective locations on the Unaudited Condensed Statement of Consolidated Operations upon settlement of the underlying derivative transactions, as appropriate.

Gain/(Loss) Reclassified from Accumulated Other Comprehensive Income/(Loss) to Income

Derivatives in Cash Flow Hedging Relationships	Location	Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019			2018
Interest rate derivatives	Interest expense	$	(9.2	)	$	(9.4	)	$	(18.4	)	$	(19.9	)
Commodity derivatives	Revenue		2.5			(39.4	)		67.8			(25.4	)
Commodity derivatives	Operating costs and expenses		(0.3	)		0.2			(7.3	)		0.7
Total		$	(7.0	)	$	(48.6	)	$	42.1		$	(44.6	)

Gain/(Loss) Recognized in Income on Derivative

The following table presents the effect of our derivative instruments not designated as hedging instruments on our Unaudited Condensed Statements of Consolidated Operations for the periods indicated:

Derivatives Not Designated as Hedging Instruments	Location	Gain (Loss) Recognized in Income on Derivative
		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2019			2018			2019			2018
Commodity derivatives	Revenue	$	(20.2	)	$	(406.3	)	$	74.9		$	(559.8	)
Commodity derivatives	Operating costs and expenses		(4.8	)		–			(4.7	)		(1.5	)
Total		$	(25.0	)	$	(406.3	)	$	70.2		$	(561.3	)

Fair Value Measurements of Financial Assets and Liabilities Measured on a Recurring Basis

	At June 30, 2019 Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Financial assets:
Commodity derivatives:
Value before application of CME Rule 814	$	62.7		$	339.4		$	6.3		$	408.4
Impact of CME Rule 814		(46.7	)		(154.2	)		(5.2	)		(206.1	)
Total commodity derivatives		16.0			185.2			1.1			202.3
Total	$	16.0		$	185.2		$	1.1		$	202.3

Financial liabilities:
Liquidity Option Agreement (see Note 15)	$	–		$	–		$	474.4		$	474.4
Interest rate derivatives		–			5.2			–			5.2
Commodity derivatives:
Value before application of CME Rule 814		77.6			253.4			22.6			353.6
Impact of CME Rule 814		(62.0	)		(138.3	)		(16.3	)		(216.6	)
Total commodity derivatives		15.6			115.1			6.3			137.0
Total	$	15.6		$	120.3		$	480.7		$	616.6

	At December 31, 2018 Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
Financial assets:
Commodity derivatives:
Value before application of CME Rule 814	$	172.3		$	282.4		$	2.2		$	456.9
Impact of CME Rule 814		(134.8	)		(159.3	)		(0.9	)		(295.0	)
Total commodity derivatives		37.5			123.1			1.3			161.9
Total	$	37.5		$	123.1		$	1.3		$	161.9

Financial liabilities:
Liquidity Option Agreement (see Note 15)	$	–		$	–		$	390.0		$	390.0
Commodity derivatives:
Value before application of CME Rule 814		85.5			291.2			21.4			398.1
Impact of CME Rule 814		(48.6	)		(172.9	)		(14.2	)		(235.7	)
Total commodity derivatives		36.9			118.3			7.2			162.4
Total	$	36.9		$	118.3		$	397.2		$	552.4

Fair Value Measurements, Valuation Techniques

	Fair Value
	Financial Assets		Financial Liabilities		Valuation Techniques	Unobservable Input	Range
Commodity derivatives – Crude oil	$	0.2	$	0.3	Discounted cash flow	Forward commodity prices	$57.62-$58.65/barrel
Commodity derivatives – Propane		–		1.7	Discounted cash flow	Forward commodity prices	$0.56-$0.62/gallon
Commodity derivatives – Natural gasoline		–		1.9	Discounted cash flow	Forward commodity prices	$1.11-$1.15/gallon
Commodity derivatives – Ethane		0.9		1.5	Discounted cash flow	Forward commodity prices	$0.17-$0.24/gallon
Commodity derivatives – Normal Butane		–		0.9	Discounted cash flow	Forward commodity prices	$0.62-$0.69/gallon
Total	$	1.1	$	6.3

Reconciliation of Changes in the Fair Value of Level 3 Financial Assets and Liabilities

The following table sets forth a reconciliation of changes in the fair values of our recurring Level 3 financial assets and liabilities on a combined basis for the periods indicated:

test		For the Six Months Ended June 30,
test	Location	2019			2018
Financial liability balance, net, January 1		$	(395.9	)	$	(332.7	)
Total gains (losses) included in:
Net income (1)	Revenue		3.1			(0.5	)
Net income	Other expense, net		(57.8	)		(7.5	)
Other comprehensive income (loss)	Commodity derivative instruments – changes in fair value of cash flow hedges		4.0			–
Settlements (1)	Revenue		(0.1	)		(1.2	)
Transfers out of Level 3			(0.2	)		–
Financial liability balance, net, March 31			(446.9	)		(341.9	)
Total gains (losses) included in:
Net income (1)	Revenue		(0.1	)		1.3
Net income	Other expense, net		(26.6	)		(8.9	)
Other comprehensive income (loss)	Commodity derivative instruments – changes in fair value of cash flow hedges		(2.9	)		–
Settlements (1)	Revenue		(3.1	)		0.5
Transfers out of Level 3			–			–
Financial liability balance, net, June 30		$	(479.6	)	$	(349.0	)

(1)

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2019

Related Party Transactions

The following table summarizes our related party transactions for the periods indicated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Revenues – related parties:
Unconsolidated affiliates	$	25.8	$	55.6	$	38.1	$	80.3
Costs and expenses – related parties:
EPCO and its privately held affiliates	$	267.2	$	260.2	$	540.1	$	516.9
Unconsolidated affiliates		95.3		148.0		218.6		241.4
Total	$	362.5	$	408.2	$	758.7	$	758.3

The following table summarizes our related party accounts receivable and accounts payable balances at the dates indicated:

	June 30, 2019		December 31, 2018
Accounts receivable - related parties:
Unconsolidated affiliates	$	14.2	$	3.5

Accounts payable - related parties:
EPCO and its privately held affiliates	$	61.4	$	116.3
Unconsolidated affiliates		12.2		23.9
Total	$	73.6	$	140.2

Total Number of Units	Percentage of Total Units Outstanding
698,051,729	31.9%

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Operating costs and expenses	$	233.6	$	228.0	$	472.7	$	451.0
General and administrative expenses		29.4		28.4		58.7		57.6
Total costs and expenses	$	263.0	$	256.4	$	531.4	$	508.6

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies [Abstract]

Operating Leases

The following table presents information regarding our operating leases where we are the lessee at June 30, 2019:

Asset Category	ROU Asset Carrying Value (1)		Lease Liability Carrying Value (2)		Weighted- Average Remaining Term	Weighted- Average Discount Rate (3)
Storage and pipeline facilities	$	144.3	$	145.0	16 years	4.3%
Transportation equipment		56.2		58.7	4 years	3.6%
Office and warehouse space		27.1		25.8	3 years	3.5%
Total	$	227.6	$	229.5

(1)	ROU asset amounts are a component of “Other assets” on our consolidated balance sheet.
(2)	At June 30, 2019, lease liabilities of $38.6 million and $190.9 million were included within “Other current liabilities” and “Other liabilities,” respectively.
(3)	The discount rate for each category of assets represents the weighted average of either (i) the implicit rate applicable to the underlying leases (where determinable) or (ii) our incremental borrowing rate adjusted for collateralization (if the implicit rate is not determinable). In general, the discount rates are based on either (i) information available at the lease commencement date or (ii) January 1, 2019 for leases existing at the adoption date for ASC 842.

Consolidated Lease Expense

	For the Three Months Ended June 30, 2019		For the Six Months Ended June 30, 2019
Long-term operating leases:
Fixed lease expense	$	13.1	$	26.5
Variable lease expense		1.1		2.9
Subtotal operating lease expense		14.2		29.4
Short-term lease expense		11.7		23.5
Total operating lease expense	$	25.9	$	52.9

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental Cash Flow Information [Abstract]

Net Effect of Changes in Operating Assets and Liabilities

The following table presents the net effect of changes in our operating accounts for the periods indicated:

	For the Six Months Ended June 30,
	2019			2018
Decrease (increase) in:
Accounts receivable – trade	$	(124.8	)	$	18.6
Accounts receivable – related parties		(10.6	)		(0.2	)
Inventories		(56.4	)		17.6
Prepaid and other current assets		(291.2	)		(82.4	)
Other assets		(12.4	)		(11.9	)
Increase (decrease) in:
Accounts payable – trade		60.0			112.1
Accounts payable – related parties		(21.0	)		(3.1	)
Accrued product payables		107.6			30.7
Accrued interest		(3.3	)		14.0
Other current liabilities		83.0			(306.4	)
Other liabilities		(62.9	)		(17.5	)
Net effect of changes in operating accounts	$	(332.0	)	$	(228.5	)

Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2019

Condensed Consolidating Financial Information [Abstract]

Unaudited Condensed Consolidating Balance Sheet

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	24.6	$	89.7	$	(7.2	)	$	107.1	$	0.2	$	–		$	107.3
Accounts receivable – trade, net		1,088.1		2,701.3		(1.8	)		3,787.6		–		–			3,787.6
Accounts receivable – related parties		286.6		903.0		(1,130.9	)		58.7		–		(44.5	)		14.2
Inventories		1,004.3		582.1		(0.3	)		1,586.1		–		–			1,586.1
Derivative assets		154.7		41.1		–			195.8		–		–			195.8
Prepaid and other current assets		275.4		323.3		(31.4	)		567.3		0.5		0.1			567.9
Total current assets		2,833.7		4,640.5		(1,171.6	)		6,302.6		0.7		(44.4	)		6,258.9
Property, plant and equipment, net		6,269.9		33,865.6		(46.4	)		40,089.1		–		–			40,089.1
Investments in unconsolidated affiliates		44,685.6		4,120.5		(46,154.0	)		2,652.1		24,957.1		(24,957.1	)		2,652.1
Intangible assets, net		648.4		2,897.7		(13.5	)		3,532.6		–		–			3,532.6
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		387.3		278.0		(222.3	)		443.0		0.9		–			443.9
Total assets	$	55,284.4	$	51,088.0	$	(47,607.8	)	$	58,764.6	$	24,958.7	$	(25,001.5	)	$	58,721.8

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	500.0	$	–	$	–		$	500.0	$	–	$	–		$	500.0
Accounts payable – trade		335.5		750.2		(7.2	)		1,078.5		–		–			1,078.5
Accounts payable – related parties		1,013.4		205.1		(1,144.9	)		73.6		44.5		(44.5	)		73.6
Accrued product payables		1,369.1		2,247.9		(2.1	)		3,614.9		–		–			3,614.9
Accrued interest		392.3		0.8		(0.8	)		392.3		–		–			392.3
Derivative liabilities		106.6		21.8		–			128.4		–		–			128.4
Other current liabilities		127.5		378.9		(30.1	)		476.3		–		0.1			476.4
Total current liabilities		3,844.4		3,604.7		(1,185.1	)		6,264.0		44.5		(44.4	)		6,264.1
Long-term debt		26,370.3		14.7		–			26,385.0		–		–			26,385.0
Deferred tax liabilities		17.1		66.2		(1.0	)		82.3		–		2.3			84.6
Other long-term liabilities		145.7		614.5		(221.9	)		538.3		474.4		–			1,012.7
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		24,906.9		46,721.2		(46,700.2	)		24,927.9		24,439.8		(24,927.9	)		24,439.8
Noncontrolling interests		–		66.7		500.4			567.1		–		(31.5	)		535.6
Total equity		24,906.9		46,787.9		(46,199.8	)		25,495.0		24,439.8		(24,959.4	)		24,975.4
Total liabilities and equity	$	55,284.4	$	51,088.0	$	(47,607.8	)	$	58,764.6	$	24,958.7	$	(25,001.5	)	$	58,721.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)		EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries		EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents and restricted cash	$	393.4	$	50.3	$	(33.6	)	$	410.1	$	–	$	–		$	410.1
Accounts receivable – trade, net		1,303.1		2,356.8		(0.8	)		3,659.1		–		–			3,659.1
Accounts receivable – related parties		141.8		1,423.7		(1,530.1	)		35.4		0.8		(32.7	)		3.5
Inventories		889.3		633.2		(0.4	)		1,522.1		–		–			1,522.1
Derivative assets		105.0		49.1		0.3			154.4		–		–			154.4
Prepaid and other current assets		166.0		155.1		(10.2	)		310.9		–		0.6			311.5
Total current assets		2,998.6		4,668.2		(1,574.8	)		6,092.0		0.8		(32.1	)		6,060.7
Property, plant and equipment, net		6,112.7		32,628.7		(3.8	)		38,737.6		–		–			38,737.6
Investments in unconsolidated affiliates		43,962.6		4,170.6		(45,518.1	)		2,615.1		24,273.6		(24,273.6	)		2,615.1
Intangible assets, net		659.2		2,963.0		(13.8	)		3,608.4		–		–			3,608.4
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		292.1		131.9		(222.1	)		201.9		0.9		–			202.8
Total assets	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,500.0	$	0.1	$	–		$	1,500.1	$	–	$	–		$	1,500.1
Accounts payable – trade		404.0		734.3		(35.5	)		1,102.8		–		–			1,102.8
Accounts payable – related parties		1,557.3		127.5		(1,543.9	)		140.9		31.9		(32.6	)		140.2
Accrued product payables		1,574.7		1,902.3		(1.2	)		3,475.8		–		–			3,475.8
Accrued interest		395.5		0.9		(0.8	)		395.6		–		–			395.6
Derivative liabilities		86.2		61.7		0.3			148.2		–		–			148.2
Other current liabilities		87.9		326.3		(9.4	)		404.8		–		–			404.8
Total current liabilities		5,605.6		3,153.1		(1,590.5	)		7,168.2		31.9		(32.6	)		7,167.5
Long-term debt		24,663.4		14.7		–			24,678.1		–		–			24,678.1
Deferred tax liabilities		17.0		62.0		(0.9	)		78.1		–		2.3			80.4
Other long-term liabilities		65.2		518.4		(221.9	)		361.7		389.9		–			751.6
Commitments and contingencies
Equity:
Partners’ and other owners’ equity		24,133.5		46,031.8		(45,917.9	)		24,247.4		23,853.5		(24,247.4	)		23,853.5
Noncontrolling interests		–		68.1		398.6			466.7		–		(28.0	)		438.7
Total equity		24,133.5		46,099.9		(45,519.3	)		24,714.1		23,853.5		(24,275.4	)		24,292.2
Total liabilities and equity	$	54,484.7	$	49,848.1	$	(47,332.6	)	$	57,000.2	$	24,275.3	$	(24,305.7	)	$	56,969.8

Unaudited Condensed Consolidating Statement of Operations

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	7,918.3		$	5,740.0		$	(5,382.0	)	$	8,276.3		$	–		$	–		$	8,276.3
Costs and expenses:
Operating costs and expenses		7,570.2			4,609.5			(5,378.8	)		6,800.9			–			–			6,800.9
General and administrative costs		9.4			41.2			1.2			51.8			0.7			–			52.5
Total costs and expenses		7,579.6			4,650.7			(5,377.6	)		6,852.7			0.7			–			6,853.4
Equity in income of unconsolidated affiliates		1,198.2			157.6			(1,218.4	)		137.4			1,242.0			(1,242.0	)		137.4
Operating income		1,536.9			1,246.9			(1,222.8	)		1,561.0			1,241.3			(1,242.0	)		1,560.3
Other income (expense):
Interest expense		(290.4	)		(2.5	)		2.8			(290.1	)		–			–			(290.1	)
Other, net		4.2			1.2			(2.8	)		2.6			(26.6	)		–			(24.0	)
Total other expense, net		(286.2	)		(1.3	)		–			(287.5	)		(26.6	)		–			(314.1	)
Income before income taxes		1,250.7			1,245.6			(1,222.8	)		1,273.5			1,214.7			(1,242.0	)		1,246.2
Provision for income taxes		(5.5	)		(3.9	)		–			(9.4	)		–			(0.3	)		(9.7	)
Net income		1,245.2			1,241.7			(1,222.8	)		1,264.1			1,214.7			(1,242.3	)		1,236.5
Net income attributable to noncontrolling interests		–			(1.6	)		(21.7	)		(23.3	)		–			1.5			(21.8	)
Net income attributable to entity	$	1,245.2		$	1,240.1		$	(1,244.5	)	$	1,240.8		$	1,214.7		$	(1,240.8	)	$	1,214.7

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	9,556.8		$	5,806.4		$	(6,895.7	)	$	8,467.5		$	–		$	–		$	8,467.5
Costs and expenses:
Operating costs and expenses		9,256.1			5,191.8			(6,895.9	)		7,552.0			–			–			7,552.0
General and administrative costs		8.0			42.0			0.6			50.6			0.8			–			51.4
Total costs and expenses		9,264.1			5,233.8			(6,895.3	)		7,602.6			0.8			–			7,603.4
Equity in income of unconsolidated affiliates		667.7			136.5			(681.9	)		122.3			683.5			(683.5	)		122.3
Operating income		960.4			709.1			(682.3	)		987.2			682.7			(683.5	)		986.4
Other income (expense):
Interest expense		(274.8	)		(2.6	)		2.8			(274.6	)		–			–			(274.6	)
Other, net		2.4			3.1			(2.8	)		2.7			(8.9	)		–			(6.2	)
Total other expense, net		(272.4	)		0.5			–			(271.9	)		(8.9	)		–			(280.8	)
Income before income taxes		688.0			709.6			(682.3	)		715.3			673.8			(683.5	)		705.6
Provision for income taxes		(6.2	)		(12.0	)		–			(18.2	)		–			(0.2	)		(18.4	)
Net income		681.8			697.6			(682.3	)		697.1			673.8			(683.7	)		687.2
Net income attributable to noncontrolling interests		–			(2.0	)		(12.7	)		(14.7	)		–			1.3			(13.4	)
Net income attributable to entity	$	681.8		$	695.6		$	(695.0	)	$	682.4		$	673.8		$	(682.4	)	$	673.8

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	17,396.1		$	11,379.6		$	(11,955.9	)	$	16,819.8		$	–		$	–		$	16,819.8
Costs and expenses:
Operating costs and expenses		16,719.7			9,049.6			(11,948.7	)		13,820.6			–			–			13,820.6
General and administrative costs		13.2			88.0			1.9			103.1			1.6			–			104.7
Total costs and expenses		16,732.9			9,137.6			(11,946.8	)		13,923.7			1.6			–			13,925.3
Equity in income of unconsolidated affiliates		2,475.0			329.7			(2,512.7	)		292.0			2,561.2			(2,561.2	)		292.0
Operating income		3,138.2			2,571.7			(2,521.8	)		3,188.1			2,559.6			(2,561.2	)		3,186.5
Other income (expense):
Interest expense		(567.7	)		(5.2	)		5.6			(567.3	)		–			–			(567.3	)
Other, net		7.3			2.4			(5.6	)		4.1			(84.4	)		–			(80.3	)
Total other expense, net		(560.4	)		(2.8	)		–			(563.2	)		(84.4	)		–			(647.6	)
Income before income taxes		2,577.8			2,568.9			(2,521.8	)		2,624.9			2,475.2			(2,561.2	)		2,538.9
Provision for income taxes		(9.7	)		(11.7	)		–			(21.4	)		–			(0.6	)		(22.0	)
Net income		2,568.1			2,557.2			(2,521.8	)		2,603.5			2,475.2			(2,561.8	)		2,516.9
Net income attributable to noncontrolling interests		–			(3.4	)		(41.1	)		(44.5	)		–			2.8			(41.7	)
Net income attributable to entity	$	2,568.1		$	2,553.8		$	(2,562.9	)	$	2,559.0		$	2,475.2		$	(2,559.0	)	$	2,475.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Revenues	$	19,874.6		$	12,215.3		$	(14,323.9	)	$	17,766.0		$	–		$	–		$	17,766.0
Costs and expenses:
Operating costs and expenses		19,236.7			10,862.1			(14,324.1	)		15,774.7			–			–			15,774.7
General and administrative costs		13.4			88.7			0.6			102.7			1.7			–			104.4
Total costs and expenses		19,250.1			10,950.8			(14,323.5	)		15,877.4			1.7			–			15,879.1
Equity in income of unconsolidated affiliates		1,498.7			291.0			(1,551.7	)		238.0			1,592.6			(1,592.6	)		238.0
Operating income		2,123.2			1,555.5			(1,552.1	)		2,126.6			1,590.9			(1,592.6	)		2,124.9
Other income (expense):
Interest expense		(527.0	)		(5.1	)		5.4			(526.7	)		–			–			(526.7	)
Other, net		5.2			40.6			(5.4	)		40.4			(16.4	)		–			24.0
Total other expense, net		(521.8	)		35.5			–			(486.3	)		(16.4	)		–			(502.7	)
Income before income taxes		1,601.4			1,591.0			(1,552.1	)		1,640.3			1,574.5			(1,592.6	)		1,622.2
Provision for income taxes		(11.6	)		(11.4	)		–			(23.0	)		–			(0.5	)		(23.5	)
Net income		1,589.8			1,579.6			(1,552.1	)		1,617.3			1,574.5			(1,593.1	)		1,598.7
Net income attributable to noncontrolling interests		–			(3.7	)		(23.1	)		(26.8	)		–			2.6			(24.2	)
Net income attributable to entity	$	1,589.8		$	1,575.9		$	(1,575.2	)	$	1,590.5		$	1,574.5		$	(1,590.5	)	$	1,574.5

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	1,295.7	$	1,274.5		$	(1,222.8	)	$	1,347.4		$	1,298.0	$	(1,325.6	)	$	1,319.8
Comprehensive income attributable to noncontrolling interests		–		(1.6	)		(21.7	)		(23.3	)		–		1.5			(21.8	)
Comprehensive income attributable to entity	$	1,295.7	$	1,272.9		$	(1,244.5	)	$	1,324.1		$	1,298.0	$	(1,324.1	)	$	1,298.0

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	695.2	$	721.7		$	(681.7	)	$	735.2		$	711.8	$	(721.8	)	$	725.2
Comprehensive income attributable to noncontrolling interests		–		(2.0	)		(12.7	)		(14.7	)		–		1.3			(13.4	)
Comprehensive income attributable to entity	$	695.2	$	719.7		$	(694.4	)	$	720.5		$	711.8	$	(720.5	)	$	711.8

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	2,589.9	$	2,473.8		$	(2,521.8	)	$	2,541.9		$	2,413.6	$	(2,500.2	)	$	2,455.3
Comprehensive income attributable to noncontrolling interests		–		(3.4	)		(41.1	)		(44.5	)		–		2.8			(41.7	)
Comprehensive income attributable to entity	$	2,589.9	$	2,470.4		$	(2,562.9	)	$	2,497.4		$	2,413.6	$	(2,497.4	)	$	2,413.6

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)		Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)		Eliminations and Adjustments			Consolidated Total
Comprehensive income	$	1,614.1	$	1,603.2		$	(1,551.5	)	$	1,665.8		$	1,623.0	$	(1,641.6	)	$	1,647.2
Comprehensive income attributable to noncontrolling interests		–		(3.7	)		(23.1	)		(26.8	)		–		2.6			(24.2	)
Comprehensive income attributable to entity	$	1,614.1	$	1,599.5		$	(1,574.6	)	$	1,639.0		$	1,623.0	$	(1,639.0	)	$	1,623.0

Unaudited Condensed Consolidating Statement of Cash Flows

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2019

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	2,568.1		$	2,557.2		$	(2,521.8	)	$	2,603.5		$	2,475.2		$	(2,561.8	)	$	2,516.9
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		153.0			810.6			(0.5	)		963.1			–			–			963.1
Equity in income of unconsolidated affiliates		(2,475.0	)		(329.7	)		2,512.7			(292.0	)		(2,561.2	)		2,561.2			(292.0	)
Distributions received on earnings from unconsolidated affiliates		742.1			163.8			(614.8	)		291.1			2,021.2			(2,021.2	)		291.1
Net effect of changes in operating accounts and other operating activities		1,246.9			(1,718.2	)		43.9			(427.4	)		131.9			0.1			(295.4	)
Net cash flows provided by operating activities		2,235.1			1,483.7			(580.5	)		3,138.3			2,067.1			(2,021.7	)		3,183.7
Investing activities:
Capital expenditures		(388.6	)		(1,864.3	)		(7.9	)		(2,260.8	)		–			–			(2,260.8	)
Cash used for business combination, net of cash received		–			–			–			–			–			–			–
Proceeds from asset sales		0.8			15.3			–			16.1			–			–			16.1
Other investing activities		(1,014.8	)		(1.9	)		974.9			(41.8	)		(119.3	)		119.3			(41.8	)
Cash used in investing activities		(1,402.6	)		(1,850.9	)		967.0			(2,286.5	)		(119.3	)		119.3			(2,286.5	)
Financing activities:
Borrowings under debt agreements		40,318.1			–			–			40,318.1			–			–			40,318.1
Repayments of debt		(39,617.2	)		(0.1	)		–			(39,617.3	)		–			–			(39,617.3	)
Cash distributions paid to owners		(2,021.2	)		(679.8	)		679.8			(2,021.2	)		(1,907.9	)		2,021.2			(1,907.9	)
Cash payments made in connection with DERs		–			–			–			–			(10.5	)		–			(10.5	)
Cash distributions paid to noncontrolling interests		–			(4.9	)		(42.5	)		(47.4	)		–			0.5			(46.9	)
Cash contributions from noncontrolling interests		–			–			99.6			99.6			–			–			99.6
Net cash proceeds from issuance of common units		–			–			–			–			82.2			–			82.2
Common units acquired in connection with buyback program		–			–			–			–			(81.1	)		–			(81.1	)
Cash contributions from owners		119.3			1,097.0			(1,097.0	)		119.3			–			(119.3	)		–
Other financing activities		(0.3	)		(5.6	)		–			(5.9	)		(30.3	)		–			(36.2	)
Cash provided by (used in) financing activities		(1,201.3	)		406.6			(360.1	)		(1,154.8	)		(1,947.6	)		1,902.4			(1,200.0	)
Net change in cash and cash equivalents, including restricted cash		(368.8	)		39.4			26.4			(303.0	)		0.2			–			(302.8	)
Cash and cash equivalents, including restricted cash, at beginning of period		393.4			50.3			(33.6	)		410.1			–			–			410.1
Cash and cash equivalents, including restricted cash, at end of period	$	24.6		$	89.7		$	(7.2	)	$	107.1		$	0.2		$	–		$	107.3

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2018

	EPO and Subsidiaries
	Subsidiary Issuer (EPO)			Other Subsidiaries (Non- guarantor)			EPO and Subsidiaries Eliminations and Adjustments			Consolidated EPO and Subsidiaries			EPD (Guarantor)			Eliminations and Adjustments			Consolidated Total
Operating activities:
Net income	$	1,589.8		$	1,579.6		$	(1,552.1	)	$	1,617.3		$	1,574.5		$	(1,593.1	)	$	1,598.7
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		129.3			744.7			(0.2	)		873.8			–			–			873.8
Equity in income of unconsolidated affiliates		(1,498.7	)		(291.0	)		1,551.7			(238.0	)		(1,592.6	)		1,592.6			(238.0	)
Distributions received on earnings from unconsolidated affiliates		609.5			136.3			(518.2	)		227.6			1,891.4			(1,891.4	)		227.6
Net effect of changes in operating accounts and other operating activities		1,405.7			(1,229.3	)		3.0			179.4			56.3			–			235.7
Net cash flows provided by operating activities		2,235.6			940.3			(515.8	)		2,660.1			1,929.6			(1,891.9	)		2,697.8
Investing activities:
Capital expenditures		(460.7	)		(1,405.2	)		–			(1,865.9	)		(55.2	)		–			(1,921.1	)
Cash used for business combination, net of cash received		–			(149.7	)		–			(149.7	)		–			–			(149.7	)
Proceeds from asset sales		0.4			2.2			–			2.6			–			–			2.6
Other investing activities		(1,024.5	)		160.4			842.7			(21.4	)		(253.7	)		253.7			(21.4	)
Cash used in investing activities		(1,484.8	)		(1,392.3	)		842.7			(2,034.4	)		(308.9	)		253.7			(2,089.6	)
Financing activities:
Borrowings under debt agreements		38,566.4			11.6			(11.6	)		38,566.4			–			–			38,566.4
Repayments of debt		(37,436.6	)		(0.4	)		–			(37,437.0	)		–			–			(37,437.0	)
Cash distributions paid to owners		(1,891.4	)		(727.8	)		727.8			(1,891.4	)		(1,847.3	)		1,891.4			(1,847.3	)
Cash payments made in connection with DERs		–			–			–			–			(8.6	)		–			(8.6	)
Cash distributions paid to noncontrolling interests		–			(4.3	)		(24.5	)		(28.8	)		–			0.5			(28.3	)
Cash contributions from noncontrolling interests		–			–			206.9			206.9			–			–			206.9
Net cash proceeds from issuance of common units		–			–			–			–			261.0			–			261.0
Cash contributions from owners		253.7			1,223.1			(1,223.1	)		253.7			–			(253.7	)		–
Other financing activities		(24.3	)		–			–			(24.3	)		(25.8	)		–			(50.1	)
Cash provided by (used in) financing activities		(532.2	)		502.2			(324.5	)		(354.5	)		(1,620.7	)		1,638.2			(337.0	)
Net change in cash and cash equivalents, including restricted cash		218.6			50.2			2.4			271.2			–			–			271.2
Cash and cash equivalents, including restricted cash, at beginning of period		65.2			31.5			(26.4	)		70.3			–			–			70.3
Cash and cash equivalents, including restricted cash, at end of period	$	283.8		$	81.7		$	(24.0	)	$	341.5		$	–		$	–		$	341.5

Partnership Operations, Organization and Basis for Presentation (Details)	6 Months Ended
	Jun. 30, 2019
Enterprise Products Partners L.P. [Member]
Related Party Transaction [Line Items]
Limited partners ownership interest	100.00%
EPCO and its privately held affiliates [Member]
Related Party Transaction [Line Items]
Percentage of Total Units Outstanding	31.90%

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents	$ 107.3	$ 344.8
Restricted cash	0.0	65.3
Total cash, cash equivalents and restricted cash shown in the Unaudited Condensed Statements of Consolidated Cash Flows	$ 107.3	$ 410.1	$ 341.5	$ 70.3

Inventories (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Inventory by Product Type [Abstract]

NGLs

$ 824.4

$ 647.7

Petrochemicals and refined products

210.1

264.7

Crude oil

540.3

593.4

Natural gas

11.3

16.3

Summary of cost of sales and lower of cost or net realizable value adjustments [Abstract]

1,586.1

$ 1,522.1

Cost of sales

^[1]

5,609.4

$ 6,391.9

11,445.0

$ 13,532.3

Lower of cost or net realizable value adjustments recognized within cost of sales

$ 4.9

$ 0.7

$ 10.3

$ 2.6

[1]	Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.

Property, Plant and Equipment (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Property, plant and equipment and accumulated depreciation [Abstract]

Less accumulated depreciation

$ 52,946.6

$ 50,897.2

12,857.5

12,159.6

Summary of depreciation expense and capitalized interest [Abstract]

40,089.1

38,737.6

Depreciation expense

^[1]

389.3

$ 361.0

769.9

$ 692.8

Capitalized interest

^[2]

32.8

$ 27.1

69.0

$ 85.3

Asset Retirement Obligations [Roll Forward]

Balance at beginning of period

126.3

Liabilities incurred

0.7

Liabilities settled

(0.3)

Revisions in estimated cash flows

(4.8)

Accretion expense

4.0

Balance at end of period

125.9

Capitalized costs, asset retirement costs

67.1

72.5

Plants, pipelines and facilities [Member]

Property, plant and equipment and accumulated depreciation [Abstract]

Plants, pipelines and facilities [Member] | Minimum [Member]

^[3]

44,578.5

$ 44,578.5

42,371.0

Property, plant and equipment and accumulated depreciation [Abstract]

Plants, pipelines and facilities [Member] | Maximum [Member]

^[3],[4]

3 years

Property, plant and equipment and accumulated depreciation [Abstract]

Underground and other storage facilities [Member]

^[3],[4]

45 years

Property, plant and equipment and accumulated depreciation [Abstract]

Underground and other storage facilities [Member] | Minimum [Member]

^[5]

3,700.2

$ 3,700.2

3,624.2

Property, plant and equipment and accumulated depreciation [Abstract]

Underground and other storage facilities [Member] | Maximum [Member]

^[5],[6]

5 years

Property, plant and equipment and accumulated depreciation [Abstract]

Transportation equipment [Member]

^[5],[6]

40 years

Property, plant and equipment and accumulated depreciation [Abstract]

Transportation equipment [Member] | Minimum [Member]

^[7]

195.0

$ 195.0

187.1

Property, plant and equipment and accumulated depreciation [Abstract]

Transportation equipment [Member] | Maximum [Member]

^[7]

3 years

Property, plant and equipment and accumulated depreciation [Abstract]

Property, plant and equipment and accumulated depreciation [Abstract]

^[7]

10 years

Marine vessels [Member]

Marine vessels [Member] | Minimum [Member]

^[8]

877.2

$ 877.2

828.6

Property, plant and equipment and accumulated depreciation [Abstract]

Marine vessels [Member] | Maximum [Member]

^[8]

15 years

Property, plant and equipment and accumulated depreciation [Abstract]

Property, plant and equipment and accumulated depreciation [Abstract]

^[8]

30 years

Land [Member]

Construction in progress [Member]

365.1

$ 365.1

359.5

Property, plant and equipment and accumulated depreciation [Abstract]

Processing plants [Member] | Minimum [Member]

$ 3,230.6

$ 3,526.8

Property, plant and equipment and accumulated depreciation [Abstract]

Processing plants [Member] | Maximum [Member]

20 years

Property, plant and equipment and accumulated depreciation [Abstract]

Pipelines and related equipment [Member] | Minimum [Member]

35 years

Property, plant and equipment and accumulated depreciation [Abstract]

Pipelines and related equipment [Member] | Maximum [Member]

5 years

Property, plant and equipment and accumulated depreciation [Abstract]

Terminal facilities [Member] | Minimum [Member]

45 years

Property, plant and equipment and accumulated depreciation [Abstract]

Terminal facilities [Member] | Maximum [Member]

10 years

Property, plant and equipment and accumulated depreciation [Abstract]

Office furniture and equipment [Member] | Minimum [Member]

35 years

Property, plant and equipment and accumulated depreciation [Abstract]

Office furniture and equipment [Member] | Maximum [Member]

3 years

Property, plant and equipment and accumulated depreciation [Abstract]

Buildings [Member] | Minimum [Member]

20 years

Property, plant and equipment and accumulated depreciation [Abstract]

Buildings [Member] | Maximum [Member]

20 years

Property, plant and equipment and accumulated depreciation [Abstract]

Laboratory and shop equipment [Member] | Minimum [Member]

40 years

Property, plant and equipment and accumulated depreciation [Abstract]

Laboratory and shop equipment [Member] | Maximum [Member]

5 years

Property, plant and equipment and accumulated depreciation [Abstract]

Underground storage facilities [Member] | Minimum [Member]

35 years

Property, plant and equipment and accumulated depreciation [Abstract]

Underground storage facilities [Member] | Maximum [Member]

5 years

Property, plant and equipment and accumulated depreciation [Abstract]

Storage tanks [Member] | Minimum [Member]

35 years

Property, plant and equipment and accumulated depreciation [Abstract]

Storage tanks [Member] | Maximum [Member]

10 years

Property, plant and equipment and accumulated depreciation [Abstract]

Water wells [Member] | Minimum [Member]

40 years

Property, plant and equipment and accumulated depreciation [Abstract]

Water wells [Member] | Maximum [Member]

5 years

Property, plant and equipment and accumulated depreciation [Abstract]

35 years

[1]	Depreciation expense is a component of “Costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations.
[2]	We capitalize interest costs incurred on funds used to construct property, plant and equipment while the asset is in its construction phase. The capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset’s estimated useful life as a component of depreciation expense. When capitalized interest is recorded, it reduces interest expense from what it would be otherwise.
[3]	Plants, pipelines and facilities include processing plants; NGL, natural gas, crude oil and petrochemical and refined products pipelines; terminal loading and unloading facilities; buildings; office furniture and equipment; laboratory and shop equipment and related assets.
[4]	In general, the estimated useful lives of major assets within this category are: processing plants, 20-35 years; pipelines and related equipment, 5-45 years; terminal facilities, 10-35 years; buildings, 20-40 years; office furniture and equipment, 3-20 years; and laboratory and shop equipment, 5-35 years.
[5]	Underground and other storage facilities include underground product storage caverns; above ground storage tanks; water wells and related assets.
[6]	In general, the estimated useful lives of assets within this category are: underground storage facilities, 5-35 years; storage tanks, 10-40 years; and water wells, 5-35 years.
[7]	Transportation equipment includes tractor-trailer tank trucks and other vehicles and similar assets used in our operations.
[8]	Marine vessels include tow boats, barges and related equipment used in our marine transportation business.

Investments in Unconsolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 2,652.1		$ 2,652.1		$ 2,615.1
Equity in income (loss) of unconsolidated affiliates by business segment [Abstract]
Equity in income (loss) of unconsolidated affiliates	137.4	$ 122.3	292.0	$ 238.0
Income Statement Data:
Revenues	497.9	461.3	1,014.4	857.3
Operating income	299.3	288.1	637.8	531.8
Net income	298.8	286.4	636.4	528.7
NGL Pipelines & Services [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	686.7		686.7		662.0
Equity in income (loss) of unconsolidated affiliates by business segment [Abstract]
Equity in income (loss) of unconsolidated affiliates	26.7	39.4	56.8	58.8
Crude Oil Pipelines & Services [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	1,881.9		1,881.9		1,867.5
Equity in income (loss) of unconsolidated affiliates by business segment [Abstract]
Equity in income (loss) of unconsolidated affiliates	111.0	83.5	235.6	181.4
Natural Gas Pipelines & Services [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	24.0		24.0		22.8
Equity in income (loss) of unconsolidated affiliates by business segment [Abstract]
Equity in income (loss) of unconsolidated affiliates	1.6	1.6	3.3	2.6
Petrochemical & Refined Products Services [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	59.5		59.5		$ 62.8
Equity in income (loss) of unconsolidated affiliates by business segment [Abstract]
Equity in income (loss) of unconsolidated affiliates	$ (1.9)	$ (2.2)	$ (3.7)	$ (4.8)

Intangible Assets and Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Identifiable intangible assets [Abstract]
Gross Value	$ 5,347.7		$ 5,347.7		$ 5,343.5
Accumulated Amortization	(1,815.1)		(1,815.1)		(1,735.1)
Carrying Value	3,532.6		3,532.6		3,608.4
Amortization expense	45.3	$ 43.6	89.5	$ 86.7
Forecasted amortization expense [Abstract]
Remainder of 2019	82.1		82.1
2020	160.5		160.5
2021	162.8		162.8
2022	168.4		168.4
2023	168.5		168.5
NGL Pipelines & Services [Member]
Identifiable intangible assets [Abstract]
Gross Value	823.2		823.2		820.7
Accumulated Amortization	(449.2)		(449.2)		(440.6)
Carrying Value	374.0		374.0		380.1
Amortization expense	9.0	9.3	18.1	16.4
NGL Pipelines & Services [Member] \| Customer relationship intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	447.8		447.8		457.3
Accumulated Amortization	(199.3)		(199.3)		(201.9)
Carrying Value	248.5		248.5		255.4
NGL Pipelines & Services [Member] \| Contract-based intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	375.4		375.4		363.4
Accumulated Amortization	(249.9)		(249.9)		(238.7)
Carrying Value	125.5		125.5		124.7
Crude Oil Pipelines & Services [Member]
Identifiable intangible assets [Abstract]
Gross Value	2,480.4		2,480.4		2,480.4
Accumulated Amortization	(431.9)		(431.9)		(385.8)
Carrying Value	2,048.5		2,048.5		2,094.6
Amortization expense	24.1	22.6	46.1	46.6
Crude Oil Pipelines & Services [Member] \| Customer relationship intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	2,203.5		2,203.5		2,203.5
Accumulated Amortization	(207.7)		(207.7)		(174.1)
Carrying Value	1,995.8		1,995.8		2,029.4
Crude Oil Pipelines & Services [Member] \| Contract-based intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	276.9		276.9		276.9
Accumulated Amortization	(224.2)		(224.2)		(211.7)
Carrying Value	52.7		52.7		65.2
Natural Gas Pipelines & Services [Member]
Identifiable intangible assets [Abstract]
Gross Value	1,816.7		1,816.7		1,815.0
Accumulated Amortization	(856.6)		(856.6)		(835.7)
Carrying Value	960.1		960.1		979.3
Amortization expense	10.0	9.6	20.9	19.3
Natural Gas Pipelines & Services [Member] \| Customer relationship intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	1,350.3		1,350.3		1,350.3
Accumulated Amortization	(464.9)		(464.9)		(447.8)
Carrying Value	885.4		885.4		902.5
Natural Gas Pipelines & Services [Member] \| Contract-based intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	466.4		466.4		464.7
Accumulated Amortization	(391.7)		(391.7)		(387.9)
Carrying Value	74.7		74.7		76.8
Petrochemical & Refined Products Services [Member]
Identifiable intangible assets [Abstract]
Gross Value	227.4		227.4		227.4
Accumulated Amortization	(77.4)		(77.4)		(73.0)
Carrying Value	150.0		150.0		154.4
Amortization expense	2.2	$ 2.1	4.4	$ 4.4
Petrochemical & Refined Products Services [Member] \| Customer relationship intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	181.4		181.4		181.4
Accumulated Amortization	(54.8)		(54.8)		(51.8)
Carrying Value	126.6		126.6		129.6
Petrochemical & Refined Products Services [Member] \| Contract-based intangibles [Member]
Identifiable intangible assets [Abstract]
Gross Value	46.0		46.0		46.0
Accumulated Amortization	(22.6)		(22.6)		(21.2)
Carrying Value	$ 23.4		$ 23.4		$ 24.8

Debt Obligations (Details) - USD ($)
$ in Millions

1 Months Ended

3 Months Ended

6 Months Ended

Oct. 31, 2019

Jul. 31, 2019

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Other, non-principal amounts

$ 27,121.4

$ 26,420.6

(236.4)

(242.4)

Less current maturities of debt

(500.0)

^[1]

(500.0)

^[1]

(1,500.1)

Total long-term debt

26,385.0

24,678.1

Borrowings under debt agreements

40,318.1

$ 38,566.4

Repayment of debt obligations

39,617.3

$ 37,437.0

Letters of credit outstanding

101.4

Senior Debt Obligations [Member]

Senior Debt Obligations [Member] | Subsequent Event [Member]

24,475.0

23,750.0

Aggregate debt principal issued

$ 2,500.0

Senior Debt Obligations [Member] | Commercial Paper Notes [Member]

Information regarding variable interest rates paid:

$ 1,425.0

^[1]

$ 1,425.0

^[1]

0.0

Weighted-average interest rate paid

2.72%

Senior Debt Obligations [Member] | Commercial Paper Notes [Member] | Minimum [Member]

Information regarding variable interest rates paid:

Senior Debt Obligations [Member] | Commercial Paper Notes [Member] | Maximum [Member]

2.59%

Information regarding variable interest rates paid:

Senior Debt Obligations [Member] | EPO Senior Notes N [Member]

2.80%

$ 0.0

700.0

Senior Debt Obligations [Member] | EPO 364-Day Revolving Credit Agreement [Member]

6.50%

$ 0.0

0.0

Credit facilty interest rate description

(i) LIBOR, plus an additional variable spread; or (ii) an alternate base rate, which is the greater of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.5%, or (c) the LIBO Market Index Rate in effect on such day plus 1% and a variable spread. The applicable spreads are determined based on our debt ratings.

Senior Debt Obligations [Member] | EPO Senior Notes LL [Member]

$ 800.0

^[1]

$ 800.0

^[1]

800.0

Senior Debt Obligations [Member] | EPO Senior Notes LL [Member] | Forecast [Member]

2.55%

Repayment of debt obligations

$ 800.0

Senior Debt Obligations [Member] | EPO Senior Notes Q [Member]

$ 500.0

500.0

Senior Debt Obligations [Member] | EPO Senior Notes Y [Member]

5.25%

$ 1,000.0

1,000.0

Senior Debt Obligations [Member] | EPO Senior Notes TT [Member]

5.20%

$ 750.0

750.0

Senior Debt Obligations [Member] | EPO Senior Notes RR [Member]

2.80%

$ 575.0

575.0

Senior Debt Obligations [Member] | EPO Senior Notes VV [Member]

2.85%

$ 750.0

750.0

Senior Debt Obligations [Member] | EPO Senior Notes CC [Member]

3.50%

$ 650.0

650.0

Senior Debt Obligations [Member] | EPO Multi-Year Revolving Credit Facility [Member]

4.05%

$ 0.0

0.0

Credit facilty interest rate description

Senior Debt Obligations [Member] | EPO Senior Notes HH [Member]

$ 1,250.0

1,250.0

Senior Debt Obligations [Member] | EPO Senior Notes JJ [Member]

3.35%

$ 850.0

850.0

Senior Debt Obligations [Member] | EPO Senior Notes MM [Member]

3.90%

$ 1,150.0

1,150.0

Senior Debt Obligations [Member] | EPO Senior Notes PP [Member]

3.75%

$ 875.0

875.0

Senior Debt Obligations [Member] | EPO Senior Notes SS [Member]

3.70%

$ 575.0

575.0

Senior Debt Obligations [Member] | EPO Senior Notes WW [Member]

3.95%

$ 1,000.0

1,000.0

Senior Debt Obligations [Member] | EPO Senior Notes D [Member]

4.15%

$ 500.0

500.0

Senior Debt Obligations [Member] | EPO Senior Notes H [Member]

6.875%

$ 350.0

350.0

Senior Debt Obligations [Member] | EPO Senior Notes J [Member]

6.65%

$ 250.0

250.0

Senior Debt Obligations [Member] | EPO Senior Notes W [Member]

5.75%

$ 399.6

399.6

Senior Debt Obligations [Member] | EPO Senior Notes R [Member]

7.55%

$ 600.0

600.0

Senior Debt Obligations [Member] | EPO Senior Notes Z [Member]

6.125%

$ 600.0

600.0

Senior Debt Obligations [Member] | EPO Senior Notes BB [Member]

6.45%

$ 750.0

750.0

Senior Debt Obligations [Member] | EPO Senior Notes DD [Member]

5.95%

$ 600.0

600.0

Senior Debt Obligations [Member] | EPO Senior Notes EE [Member]

5.70%

$ 750.0

750.0

Senior Debt Obligations [Member] | EPO Senior Notes GG [Member]

4.85%

$ 1,100.0

1,100.0

Senior Debt Obligations [Member] | EPO Senior Notes II [Member]

4.45%

$ 1,400.0

1,400.0

Senior Debt Obligations [Member] | EPO Senior Notes KK [Member]

4.85%

$ 1,150.0

1,150.0

Senior Debt Obligations [Member] | EPO Senior Notes QQ [Member]

5.10%

$ 975.0

975.0

Senior Debt Obligations [Member] | EPO Senior Notes UU [Member]

4.90%

$ 1,250.0

1,250.0

Senior Debt Obligations [Member] | EPO Senior Notes XX [Member]

4.25%

$ 1,250.0

1,250.0

Senior Debt Obligations [Member] | EPO Senior Notes NN [Member]

4.80%

$ 400.0

400.0

Senior Debt Obligations [Member] | TEPPCO Senior Notes [Member]

4.95%

$ 0.4

0.4

Senior Debt Obligations [Member] | EPO Senior Notes YY [Member] | Subsequent Event [Member]

7.55%

Aggregate debt principal issued

3.125%

$ 1,250.0

Debt issued as percent of principal amount

99.955%

Senior Debt Obligations [Member] | EPO Senior Notes ZZ [Member]

Debt issued as percent of principal amount

4.20%

99.792%

Senior Debt Obligations [Member] | EPO Senior Notes ZZ [Member] | Subsequent Event [Member]

Aggregate debt principal issued

$ 1,250.0

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C [Member]

^[2]

$ 232.2

256.4

Repayment of debt obligations

24.2

Gain on extinguishment of debt

$ 1.5

Variable annual interest rate thereafter, variable rate basis

3-month LIBOR

Information regarding variable interest rates paid:

2.778%

Weighted-average interest rate paid

5.42%

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C [Member] | Minimum [Member]

Information regarding variable interest rates paid:

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes C [Member] | Maximum [Member]

5.30%

Information regarding variable interest rates paid:

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes D [Member]

5.52%

^[3]

$ 700.0

700.0

Variable annual interest rate thereafter, variable rate basis

4.875%

3-month LIBOR

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes E [Member]

2.986%

^[4]

$ 1,000.0

1,000.0

Variable annual interest rate thereafter, variable rate basis

5.25%

3-month LIBOR

Junior Debt Obligations [Member] | EPO Junior Subordinated Notes F [Member]

3.033%

^[5]

$ 700.0

700.0

Variable annual interest rate thereafter, variable rate basis

5.375%

3-month LIBOR

Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes [Member]

2.57%

^[2]

$ 14.2

Variable annual interest rate thereafter, variable rate basis

3-month LIBOR

Information regarding variable interest rates paid:

2.778%

Weighted-average interest rate paid

5.42%

Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes [Member] | Minimum [Member]

Information regarding variable interest rates paid:

Junior Debt Obligations [Member] | TEPPCO Junior Subordinated Notes [Member] | Maximum [Member]

5.30%

Information regarding variable interest rates paid:

Significant Changes in Unbilled Revenue [Roll Forward]

5.52%

[1]	In accordance with ASC 470, Debt, long-term and current maturities of debt reflect the classification of such obligations at June 30, 2019 after taking into consideration EPO's issuance of senior notes in July 2019.
[2]	Variable rate is reset quarterly and based on 3-month LIBOR, or London Inter-Bank Offered Rate, plus 2.778%. During the second quarter of 2019, EPO repurchased and retired $24.2 million in principal amount of these junior subordinated notes.
[3]	Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%.
[4]	Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%.
[5]	Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.57%.

Debt Obligations, Debt Maturities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Scheduled Maturities of Debt [Abstract]
Remainder of 2019	$ 0.0
2020	1,500.0
2021	1,325.0
2022	1,400.0
2023	1,250.0
Thereafter	21,646.4
Total	$ 27,121.4	$ 26,420.6

Equity and Distributions, Summary of Changes in Outstanding Units (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019
Summary of changes in outstanding units [Roll Forward]
Beginning Balance (in units)	2,188,560,672	2,184,869,029	2,184,869,029
Common unit repurchases under 2019 Buyback Program (in units)	(1,056,736)	(1,852,392)	(2,909,128)
Common units issued in connection with DRIP and EUPP (in units)	1,381,211	1,516,779
Common units issued in connection with employee compensation (in units)		1,626,041
Common units issued in connection with the vesting of phantom unit awards, net (in units)	120,831	2,379,620
Other (in units)		21,595
Ending Balance (in units)	2,189,005,978	2,188,560,672	2,189,005,978

Equity and Distributions, Issuances of Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Registration Statements and Equity Offerings [Line Items]
Distribution reinvestment plan discount rate			0.00%		2.50%
Net Cash Proceeds from Sale of Common Units [Abstract]
Net cash proceeds from the issuance of common units			$ 82.2	$ 261.0
Common units issued in connection with employee compensation (in units)		1,626,041
Common units issued in connection with employee compensation			45.6	$ 39.1
Common units issued in connection with the vesting of phantom unit awards, net (in units)	120,831	2,379,620
Treasury Units:
Amount authorized under 2019 Buyback Program	$ 2,000.0		2,000.0
Remaining available capacity under the 2019 Buyback Program	$ 1,920.0		$ 1,920.0
Total of common units repurchased under a buyback program (in units)	1,056,736	1,852,392	2,909,128
Common units acquired in connection with buyback program	$ 29.5		$ 81.1
Long-Term Incentive Plan (2008) [Member]
Net Cash Proceeds from Sale of Common Units [Abstract]
Common units issued in connection with employee compensation (in units)			1,626,041
Common units issued in connection with employee compensation			$ 45.6
Common units issued in connection with the vesting of phantom unit awards, net (in units)			2,500,451
At-the-Market Registration [Member]
Registration Statements and Equity Offerings [Line Items]
Maximum common units authorized for issuance	2,540.0		$ 2,540.0
Remaining units available for issuance	$ 2,540.0		$ 2,540.0
Distribution Reinvestment Plan [Member]
Registration Statements and Equity Offerings [Line Items]
Remaining units available for issuance (in units)	58,798,632		58,798,632
Net Cash Proceeds from Sale of Common Units [Abstract]
Number of common units issued (in units)			2,601,727	9,608,839
Net cash proceeds from the issuance of common units			$ 73.7	$ 253.7
Distribution Reinvestment Plan [Member] \| EPCO and its privately held affiliates [Member]
Net Cash Proceeds from Sale of Common Units [Abstract]
Gross proceeds from the sale of common units			$ 14.0
Employee Unit Purchase Plan [Member]
Registration Statements and Equity Offerings [Line Items]
Remaining units available for issuance (in units)	4,919,378		4,919,378
Net Cash Proceeds from Sale of Common Units [Abstract]
Number of common units issued (in units)			296,263	268,251
Net cash proceeds from the issuance of common units			$ 8.5	$ 7.3

Equity and Distributions, Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			$ 50.9	$ (171.7)
Other comprehensive income (loss) for period, before reclassifications			(19.5)	3.9
Reclassification of losses (gains) to net income during period			(42.1)	44.6
Total other comprehensive income (loss) for period	$ 83.3	$ 38.0	(61.6)	48.5
Accumulated Other Comprehensive Income (Loss), Ending balance	(10.7)	(123.2)	(10.7)	(123.2)
Interest expense	290.1	274.6	567.3	526.7
Revenue	(8,276.3)	(8,467.5)	(16,819.8)	(17,766.0)
Operating costs and expenses	6,800.9	7,552.0	13,820.6	15,774.7
Total	(1,236.5)	(687.2)	(2,516.9)	(1,598.7)
Cash Flow Hedges [Member] \| Interest Rate Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			(104.8)	(165.1)
Other comprehensive income (loss) for period, before reclassifications			(5.2)	14.6
Reclassification of losses (gains) to net income during period			18.4	19.9
Total other comprehensive income (loss) for period			13.2	34.5
Accumulated Other Comprehensive Income (Loss), Ending balance	(91.6)	(130.6)	(91.6)	(130.6)
Cash Flow Hedges [Member] \| Commodity Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			152.7	(10.1)
Other comprehensive income (loss) for period, before reclassifications			(13.7)	(10.2)
Reclassification of losses (gains) to net income during period			(60.5)	24.7
Total other comprehensive income (loss) for period			(74.2)	14.5
Accumulated Other Comprehensive Income (Loss), Ending balance	78.5	4.4	78.5	4.4
Other [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss), Beginning Balance			3.0	3.5
Other comprehensive income (loss) for period, before reclassifications			(0.6)	(0.5)
Reclassification of losses (gains) to net income during period			0.0	0.0
Total other comprehensive income (loss) for period			(0.6)	(0.5)
Accumulated Other Comprehensive Income (Loss), Ending balance	2.4	3.0	2.4	3.0
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Total	7.0	48.6	(42.1)	44.6
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member] \| Cash Flow Hedges [Member] \| Interest Rate Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Interest expense	9.2	9.4	18.4	19.9
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member] \| Cash Flow Hedges [Member] \| Commodity Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Abstract]
Revenue	(2.5)	39.4	(67.8)	25.4
Operating costs and expenses	$ 0.3	$ (0.2)	$ 7.3	$ (0.7)

Equity and Distributions, Noncontrolling Interests (Details) - Pascagoula Natural Gas Processing Facility [Member] $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($)
Noncontrolling Interest
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%
Noncontrolling Interest, Increase from Sale of Parent Equity Interest	$ 36.0

Equity and Distributions, Distributions (Details) - $ / shares	3 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018
Distributions to Partners [Abstract]
Quarterly increase in cash distribution per unit (in dollars per unit)			$ 0.0025
Forecasted rate of annual increase of distributions per unit			2.30%
Quarterly percentage increase in distribution per unit	2.30%
Cash Distribution [Member]
Distributions to Partners [Abstract]
Distribution Per Common Unit (in dollars per unit)	$ 0.4400	$ 0.4300	$ 1.7650	$ 1.7250

Revenues, Revenues by Business Segment and Revenue Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue [Abstract]
Revenues	$ 8,276.3	$ 8,467.5	$ 16,819.8	$ 17,766.0
Sales of Products [Member] \| Revenues [Member] \| Product Concentration Risk [Member]
Revenue [Abstract]
Concentration risk percentage	82.00%	84.00%	83.00%	85.00%
Midstream Services [Member] \| Revenues [Member] \| Product Concentration Risk [Member]
Revenue [Abstract]
Concentration risk percentage	18.00%	16.00%	17.00%	15.00%
NGL Pipelines & Services [Member]
Revenue [Abstract]
Revenues	$ 3,284.7	$ 3,273.7	$ 6,599.1	$ 6,687.0
NGL Pipelines & Services [Member] \| Sales of NGLs and Related Products [Member]
Revenue [Abstract]
Revenues	2,659.4	2,610.9	5,330.6	5,426.3
NGL Pipelines & Services [Member] \| Midstream Services [Member]
Revenue [Abstract]
Revenues	625.3	662.8	1,268.5	1,260.7
NGL Pipelines & Services [Member] \| Midstream Services: Natural Gas Processing and Fractionation [Member]
Revenue [Abstract]
Revenues	288.2	332.6	557.7	585.0
NGL Pipelines & Services [Member] \| Midstream Services: Transportation [Member]
Revenue [Abstract]
Revenues	243.9	228.3	519.2	483.7
NGL Pipelines & Services [Member] \| Midstream Services: Storage and Terminals [Member]
Revenue [Abstract]
Revenues	93.2	101.9	191.6	192.0
Crude Oil Pipelines & Services [Member]
Revenue [Abstract]
Revenues	2,866.6	2,781.2	5,473.9	6,352.1
Crude Oil Pipelines & Services [Member] \| Sales of Crude Oil [Member]
Revenue [Abstract]
Revenues	2,531.7	2,532.2	4,860.1	5,873.9
Crude Oil Pipelines & Services [Member] \| Midstream Services [Member]
Revenue [Abstract]
Revenues	334.9	249.0	613.8	478.2
Crude Oil Pipelines & Services [Member] \| Midstream Services: Transportation [Member]
Revenue [Abstract]
Revenues	205.3	161.1	389.0	302.8
Crude Oil Pipelines & Services [Member] \| Midstream Services: Storage and Terminals [Member]
Revenue [Abstract]
Revenues	129.6	87.9	224.8	175.4
Natural Gas Pipelines & Services [Member]
Revenue [Abstract]
Revenues	819.3	792.8	1,746.8	1,597.6
Natural Gas Pipelines & Services [Member] \| Sales of Natural Gas [Member]
Revenue [Abstract]
Revenues	531.4	532.5	1,187.1	1,092.5
Natural Gas Pipelines & Services [Member] \| Midstream Services [Member]
Revenue [Abstract]
Revenues	287.9	260.3	559.7	505.1
Natural Gas Pipelines & Services [Member] \| Midstream Services: Transportation [Member]
Revenue [Abstract]
Revenues	287.9	260.3	559.7	505.1
Petrochemical & Refined Products Services [Member]
Revenue [Abstract]
Revenues	1,305.7	1,619.8	3,000.0	3,129.3
Petrochemical & Refined Products Services [Member] \| Sales of Petrochemicals and Refined Products [Member]
Revenue [Abstract]
Revenues	1,087.7	1,413.4	2,568.3	2,702.7
Petrochemical & Refined Products Services [Member] \| Midstream Services [Member]
Revenue [Abstract]
Revenues	218.0	206.4	431.7	426.6
Petrochemical & Refined Products Services [Member] \| Midstream Services: Fractionation and Isomerization [Member]
Revenue [Abstract]
Revenues	41.5	45.2	82.3	100.9
Petrochemical & Refined Products Services [Member] \| Midstream Services: Transportation [Member]
Revenue [Abstract]
Revenues	132.2	114.2	258.8	233.8
Petrochemical & Refined Products Services [Member] \| Midstream Services: Storage and Terminals [Member]
Revenue [Abstract]
Revenues	$ 44.3	$ 47.0	$ 90.6	$ 91.9

Revenues, Unbilled Revenue and Deferred Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Contracts with Customers, Assets and Liabilities [Abstract]
Unbilled revenue	$ 160.9	$ 13.3
Deferred revenue	310.5	$ 291.2
Other Current Assets [Member]
Contracts with Customers, Assets and Liabilities [Abstract]
Unbilled revenue (current amount)	160.9
Other Current Liabilities [Member]
Contracts with Customers, Assets and Liabilities [Abstract]
Deferred revenue (current amount)	111.7
Other Liabilities [Member]
Contracts with Customers, Assets and Liabilities [Abstract]
Deferred revenue (noncurrent)	$ 198.8

Revenues, Significant Changes in Unbilled Revenue (Details)
$ in Millions

6 Months Ended

Jun. 30, 2019

USD ($)

Balance at beginning of period

$ 13.3

Unbilled revenue included in opening balance transferred to other accounts during period

(3.4)

^[1]

Unbilled revenue recorded during period

169.3

Unbilled revenue recorded during period transferred to other accounts

(18.3)

^[1]

Other changes

0.0

Balance at end of period

$ 160.9

[1]	Unbilled revenues are transferred to accounts receivable once we have an unconditional right to consideration from the customer. Deferred revenues are recognized as revenue upon satisfaction of our performance obligation to the customer.

Revenues, Significant Changes in Deferred Revenue (Details)
$ in Millions

6 Months Ended

Jun. 30, 2019

USD ($)

Significant Changes in Deferred Revenue [Roll Forward]

Balance at beginning of period

$ 291.2

Deferred revenue included in opening balance transferred to other accounts during period

(83.2)

^[1]

Deferred revenue recorded during period

277.0

Deferred revenue recorded during period transferred to other accounts

(172.6)

^[1]

Other changes

(1.9)

Balance at end of period

$ 310.5

[1]	Unbilled revenues are transferred to accounts receivable once we have an unconditional right to consideration from the customer. Deferred revenues are recognized as revenue upon satisfaction of our performance obligation to the customer.

Revenues, Remaining Performance Obligations (Details) - Midstream Services [Member] $ in Millions	Jun. 30, 2019 USD ($)
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 21,194.9
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 1,910.5
Expected timing of satisfaction, period	6 months
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 3,436.4
Expected timing of satisfaction, period	1 year
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 2,925.1
Expected timing of satisfaction, period	1 year
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 2,404.1
Expected timing of satisfaction, period	1 year
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 1,990.1
Expected timing of satisfaction, period	1 year
Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Remaining Performance Obligation to be Recognized in the Future [Abstract]
Remaining performance obligation	$ 8,528.7
Expected timing of satisfaction, period

Business Segments (Details)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

USD ($)

Jun. 30, 2018

USD ($)

Jun. 30, 2019

USD ($)

Segment

Jun. 30, 2018

USD ($)

Business Segments [Abstract]

Number of reportable segments | Segment

Segment Gross Operating Margin [Abstract]

Operating income

$ 1,560.3

$ 986.4

$ 3,186.5

$ 2,124.9

Adjustments to reconcile operating income to total gross operating margin (addition or subtraction indicated by sign):

Depreciation, amortization and accretion expense in operating costs and expenses

462.8

425.3

913.7

819.6

Asset impairment and related charges in operating costs and expenses

7.0

15.9

11.8

16.8

Net gains attributable to asset sales in operating costs and expenses

(2.1)

(0.9)

(2.5)

(1.4)

General and administrative costs

52.5

51.4

104.7

104.4

Non-refundable payments received from shippers attributable to make-up rights

^[1]

11.3

5.6

13.5

8.3

Subsequent recognition of revenues attributable to make-up rights

^[2]

(5.6)

(22.0)

(13.1)

(36.2)

Total segment gross operating margin

$ 2,086.2

$ 1,461.7

$ 4,214.6

$ 3,036.4

[1]	Since make-up rights entail a future performance obligation by the pipeline to the shipper, these receipts are recorded as deferred revenue for GAAP purposes; however, these receipts are included in gross operating margin in the period of receipt since they are nonrefundable to the shipper.
[2]	As deferred revenues attributable to make-up rights are subsequently recognized as revenue under GAAP, gross operating margin must be adjusted to remove such amounts to prevent duplication since the associated non-refundable payments were previously included in gross operating margin.

Business Segments, Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Information by business segment [Abstract]
Segment gross operating margin	$ 2,086.2	$ 1,461.7	$ 4,214.6	$ 3,036.4
Mark-to-market gains (losses) in gross operating margin	(12.5)	(322.1)	83.8	(458.9)
Mark-to-market loss in interest expense	0.0	0.0	0.0	(0.1)
Total mark-to-market gains (losses)	(12.5)	(322.1)	83.8	(459.0)
Revenues from third parties	8,250.5	8,411.9	16,781.7	17,685.7
Revenues from related parties	25.8	55.6	38.1	80.3
Intersegment and intrasegment revenues	0.0	0.0	0.0	0.0
Total revenues	8,276.3	8,467.5	16,819.8	17,766.0
Equity in income (loss) of unconsolidated affiliates	137.4	122.3	292.0	238.0
Property, plant and equipment, net	40,089.1		40,089.1		$ 38,737.6
Investments in unconsolidated affiliates	2,652.1		2,652.1		2,615.1
Intangible assets, net	3,532.6		3,532.6		3,608.4
Goodwill	5,745.2		5,745.2		5,745.2
Segment assets	52,019.0		52,019.0		50,706.3
NGL Pipelines & Services [Member]
Information by business segment [Abstract]
Total revenues	3,284.7	3,273.7	6,599.1	6,687.0
Equity in income (loss) of unconsolidated affiliates	26.7	39.4	56.8	58.8
Investments in unconsolidated affiliates	686.7		686.7		662.0
Intangible assets, net	374.0		374.0		380.1
Crude Oil Pipelines & Services [Member]
Information by business segment [Abstract]
Total revenues	2,866.6	2,781.2	5,473.9	6,352.1
Equity in income (loss) of unconsolidated affiliates	111.0	83.5	235.6	181.4
Investments in unconsolidated affiliates	1,881.9		1,881.9		1,867.5
Intangible assets, net	2,048.5		2,048.5		2,094.6
Natural Gas Pipelines & Services [Member]
Information by business segment [Abstract]
Total revenues	819.3	792.8	1,746.8	1,597.6
Equity in income (loss) of unconsolidated affiliates	1.6	1.6	3.3	2.6
Investments in unconsolidated affiliates	24.0		24.0		22.8
Intangible assets, net	960.1		960.1		979.3
Petrochemical & Refined Products Services [Member]
Information by business segment [Abstract]
Total revenues	1,305.7	1,619.8	3,000.0	3,129.3
Equity in income (loss) of unconsolidated affiliates	(1.9)	(2.2)	(3.7)	(4.8)
Investments in unconsolidated affiliates	59.5		59.5		62.8
Intangible assets, net	150.0		150.0		154.4
Reportable Business Segments [Member] \| NGL Pipelines & Services [Member]
Information by business segment [Abstract]
Segment gross operating margin	966.3	913.7	1,925.5	1,798.6
Mark-to-market gains (losses) in gross operating margin	(0.7)	11.2	0.6	7.8
Revenues from third parties	3,282.2	3,268.8	6,593.8	6,678.4
Revenues from related parties	2.5	4.9	5.3	8.6
Intersegment and intrasegment revenues	4,494.8	6,004.6	9,986.2	12,569.5
Total revenues	7,779.5	9,278.3	16,585.3	19,256.5
Equity in income (loss) of unconsolidated affiliates	26.7	39.4	56.8	58.8
Property, plant and equipment, net	16,109.6		16,109.6		14,845.4
Investments in unconsolidated affiliates	686.7		686.7		662.0
Intangible assets, net	374.0		374.0		380.1
Goodwill	2,651.7		2,651.7		2,651.7
Segment assets	19,822.0		19,822.0		18,539.2
Reportable Business Segments [Member] \| Crude Oil Pipelines & Services [Member]
Information by business segment [Abstract]
Segment gross operating margin	513.2	52.8	1,175.5	272.8
Mark-to-market gains (losses) in gross operating margin	(14.6)	(338.0)	85.2	(467.6)
Revenues from third parties	2,847.0	2,733.8	5,448.6	6,286.5
Revenues from related parties	19.6	47.4	25.3	65.6
Intersegment and intrasegment revenues	9,453.3	9,978.5	17,338.3	21,404.8
Total revenues	12,319.9	12,759.7	22,812.2	27,756.9
Equity in income (loss) of unconsolidated affiliates	111.0	83.5	235.6	181.4
Property, plant and equipment, net	6,293.5		6,293.5		5,847.7
Investments in unconsolidated affiliates	1,881.9		1,881.9		1,867.5
Intangible assets, net	2,048.5		2,048.5		2,094.6
Goodwill	1,841.0		1,841.0		1,841.0
Segment assets	12,064.9		12,064.9		11,650.8
Reportable Business Segments [Member] \| Natural Gas Pipelines & Services [Member]
Information by business segment [Abstract]
Segment gross operating margin	301.8	213.4	566.1	411.3
Mark-to-market gains (losses) in gross operating margin	0.3	3.4	0.0	1.2
Revenues from third parties	815.6	789.5	1,739.3	1,591.5
Revenues from related parties	3.7	3.3	7.5	6.1
Intersegment and intrasegment revenues	163.1	165.0	358.5	335.9
Total revenues	982.4	957.8	2,105.3	1,933.5
Equity in income (loss) of unconsolidated affiliates	1.6	1.6	3.3	2.6
Property, plant and equipment, net	8,275.8		8,275.8		8,303.8
Investments in unconsolidated affiliates	24.0		24.0		22.8
Intangible assets, net	960.1		960.1		979.3
Goodwill	296.3		296.3		296.3
Segment assets	9,556.2		9,556.2		9,602.2
Reportable Business Segments [Member] \| Petrochemical & Refined Products Services [Member]
Information by business segment [Abstract]
Segment gross operating margin	304.9	281.8	547.5	553.7
Mark-to-market gains (losses) in gross operating margin	2.5	1.3	(2.0)	(0.3)
Revenues from third parties	1,305.7	1,619.8	3,000.0	3,129.3
Revenues from related parties	0.0	0.0	0.0	0.0
Intersegment and intrasegment revenues	617.9	784.0	1,332.3	1,397.3
Total revenues	1,923.6	2,403.8	4,332.3	4,526.6
Equity in income (loss) of unconsolidated affiliates	(1.9)	(2.2)	(3.7)	(4.8)
Property, plant and equipment, net	6,179.6		6,179.6		6,213.9
Investments in unconsolidated affiliates	59.5		59.5		62.8
Intangible assets, net	150.0		150.0		154.4
Goodwill	956.2		956.2		956.2
Segment assets	7,345.3		7,345.3		7,387.3
Eliminations [Member]
Information by business segment [Abstract]
Revenues from third parties	0.0	0.0	0.0	0.0
Revenues from related parties	0.0	0.0	0.0	0.0
Intersegment and intrasegment revenues	(14,729.1)	(16,932.1)	(29,015.3)	(35,707.5)
Total revenues	(14,729.1)	(16,932.1)	(29,015.3)	(35,707.5)
Equity in income (loss) of unconsolidated affiliates	0.0	$ 0.0	0.0	$ 0.0
Adjustments [Member]
Information by business segment [Abstract]
Property, plant and equipment, net	3,230.6		3,230.6		3,526.8
Investments in unconsolidated affiliates	0.0		0.0		0.0
Intangible assets, net	0.0		0.0		0.0
Goodwill	0.0		0.0		0.0
Segment assets	$ 3,230.6		$ 3,230.6		$ 3,526.8

Business Segments, Consolidated Revenues and Expenses (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Other operating costs and expenses

$ 8,276.3

$ 8,467.5

$ 16,819.8

$ 17,766.0

Operating costs and expenses:

Cost of sales

^[1]

5,609.4

6,391.9

11,445.0

13,532.3

^[2]

723.8

719.8

1,452.6

1,407.4

Depreciation, amortization and accretion

462.8

425.3

913.7

819.6

Asset impairment and related charges

7.0

15.9

11.8

16.8

Net gains attributable to asset sales

(2.1)

(0.9)

(2.5)

(1.4)

General and administrative costs

52.5

51.4

104.7

104.4

Total consolidated costs and expenses

6,853.4

7,603.4

13,925.3

15,879.1

NGL Pipelines & Services [Member]

Crude Oil Pipelines & Services [Member]

3,284.7

3,273.7

6,599.1

6,687.0

Natural Gas Pipelines & Services [Member]

2,866.6

2,781.2

5,473.9

6,352.1

Petrochemical & Refined Products Services [Member]

819.3

792.8

1,746.8

1,597.6

Net income attributable to limited partners

$ 1,305.7

$ 1,619.8

$ 3,000.0

$ 3,129.3

[1]	Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.
[2]	Represents the cost of operating our plants, pipelines and other fixed assets excluding: depreciation, amortization and accretion charges; asset impairment and related charges; and net losses (or gains) attributable to asset sales.

Earnings Per Unit (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

BASIC EARNINGS PER UNIT

$ 1,214.7

$ 673.8

$ 2,475.2

$ 1,574.5

Undistributed earnings allocated and cash payments on phantom unit awards

^[1]

(7.4)

(4.6)

(15.2)

(9.3)

Net income available to common unitholders

$ 1,207.3

$ 669.2

$ 2,460.0

$ 1,565.2

Basic weighted-average number of common units outstanding (in units)

2,189.1

2,174.6

2,188.1

2,170.7

Basic earnings per unit (in dollars per unit)

$ 0.55

$ 0.31

$ 1.12

$ 0.72

DILUTED EARNINGS PER UNIT

Net income attributable to limited partners

$ 1,214.7

$ 673.8

$ 2,475.2

$ 1,574.5

Diluted weighted-average number of units outstanding:

Distribution-bearing common units (in units)

2,189.1

2,174.6

2,188.1

2,170.7

Phantom units (in units)

^[1]

13.5

10.8

13.0

10.6

Total (in units)

2,202.6

2,185.4

2,201.1

2,181.3

Diluted earnings per unit (in dollars per unit)

$ 0.55

$ 0.31

$ 1.12

$ 0.72

[1]

Equity-Based Awards (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Equity-Based Awards (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity-based compensation expense [Abstract]
Total compensation expense	$ 38.5	$ 27.0	$ 70.5	$ 53.3
Phantom Unit Awards [Member]
Equity-based compensation expense [Abstract]
Total compensation expense	35.5	25.9	64.9	50.5
Profits Interest Awards [Member]
Equity-based compensation expense [Abstract]
Total compensation expense	3.0	1.0	5.6	2.6
Liability-classified awards [Member]
Equity-based compensation expense [Abstract]
Total compensation expense	$ 0.0	$ 0.1	$ 0.0	$ 0.2

Equity-Based Awards, Phantom Unit Awards (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Summary of awards activity, equity instruments other than options, additional disclosures [Abstract]

Cash payments made in connection with DERs

$ 10.5

$ 8.6

Phantom Unit Awards [Member]

Summary of awards activity, equity instruments other than options [Roll Forward]

Beginning of period (in units)

10,333,277

Granted (in units)

^[1]

6,836,920

Vested (in units)

(3,561,704)

Forfeited (in units)

(182,095)

End of period (in units)

13,426,398

Phantom units outstanding, weighted-average grant date fair value [Roll Forward]

Weighted-average grant date fair value per unit, at beginning of period (in dollars per unit)

^[2]

$ 26.97

Granted weighted-average grant date fair value per unit (in dollars per unit)

^[1],[2]

27.75

Vested weighted-average grant date fair value per unit (in dollars per unit)

^[2]

27.58

Forfeited weighted-average grant date fair value per unit (in dollars per unit)

^[2]

27.18

Weighted-average grant date fair value per unit, at end of period (in dollars per unit)

^[2]

$ 27.21

Summary of awards activity, equity instruments other than options, additional disclosures [Abstract]

Aggregate grant date fair value

$ 189.7

Estimated forfeiture rate

3.00%

Cash payments made in connection with DERs

$ 6.0

$ 4.7

$ 10.5

8.6

Total intrinsic value of phantom unit awards that vested during period

4.7

$ 3.1

101.7

$ 85.1

Unrecognized Compensation Expense [Abstract]

Unrecognized compensation cost

209.3

$ 209.3

Recognition period for total unrecognized compensation cost

2 years 2 months 12 days

Phantom Unit Awards [Member] | Minimum [Member]

Summary of awards activity, equity instruments other than options, additional disclosures [Abstract]

Grant date market price of common units (in dollars per unit)

$ 27.75

Phantom Unit Awards [Member] | Maximum [Member]

Summary of awards activity, equity instruments other than options, additional disclosures [Abstract]

Grant date market price of common units (in dollars per unit)

$ 28.55

Phantom Unit Awards [Member] | Enterprise [Member]

Unrecognized Compensation Expense [Abstract]

Unrecognized compensation cost

$ 178.2

[1]	The aggregate grant date fair value of phantom unit awards issued during 2019 was $189.7 million based on a grant date market price of EPD common units ranging from $27.75 to $28.55 per unit. An estimated annual forfeiture rate of 3.0% was applied to these awards.
[2]	Determined by dividing the aggregate grant date fair value of awards (before an allowance for forfeitures) by the number of awards issued.

Equity-Based Awards, Profits Interest Awards (Details) - Profits Interest Awards [Member] $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($)
Unrecognized Compensation Expense [Abstract]
Unrecognized compensation cost	$ 30.0
Recognition period for total unrecognized compensation cost	3 years 6 months

Derivative Instruments, Hedging Activities and Fair Value Measurements (Details)
bbl in Millions, $ in Millions

1 Months Ended

6 Months Ended

May 31, 2019

Contract

Jun. 30, 2019

USD ($)

Contract

bbl

Bcf

Dec. 31, 2018

USD ($)

Gain on the sale of swaption | $

$ 9.8

Carrying amount of hedged asset | $

$ 16.2

$ 50.2

Forward Starting Swaps [Member] | Derivatives in cash flow hedging relationships [Member]

Number of Derivatives Outstanding | Contract

Life of associated future debt

30 years

Forward Starting Swaps A [Member] | Derivatives in cash flow hedging relationships [Member]

Number of Derivatives Outstanding | Contract

Notional Amount | $

$ 75.0

Average Rate Locked

2.39%

Forward Starting Swaps B [Member] | Derivatives in cash flow hedging relationships [Member]

Number of Derivatives Outstanding | Contract

Notional Amount | $

$ 75.0

Average Rate Locked

2.41%

Designated as Hedging Instrument [Member] | Natural gas processing: Forecasted natural gas purchases for plant thermal reduction (PTR) [Member] | Derivatives in cash flow hedging relationships [Member]

Designated as Hedging Instrument [Member] | Natural gas processing: Forecasted sales of NGLs [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

25.9

Designated as Hedging Instrument [Member] | Octane enhancement: Forecasted purchases of NGLs [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

4.2

Designated as Hedging Instrument [Member] | Octane enhancement: Forecasted sales of octane enhancement products [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

1.3

Designated as Hedging Instrument [Member] | Natural gas marketing: Forecasted purchases of natural gas for fuel [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

2.0

Designated as Hedging Instrument [Member] | Natural gas marketing: Natural gas storage inventory management activities [Member] | Derivatives in fair value hedging relationships [Member]

^[1],[2]

3.7

Designated as Hedging Instrument [Member] | NGL marketing: Forecasted purchases of NGLs and related hydrocarbon products [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

1.7

Designated as Hedging Instrument [Member] | NGL marketing: Forecasted sales of NGLs and related hydrocarbon products [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

55.0

Long Term Volume

^[1],[2]

2.8

Designated as Hedging Instrument [Member] | NGL marketing: NGLs inventory management activities [Member] | Derivatives in fair value hedging relationships [Member]

^[1],[2]

72.1

Long Term Volume

^[1],[2]

0.8

Designated as Hedging Instrument [Member] | Refined products marketing: Refined products inventory management activities [Member] | Derivatives in fair value hedging relationships [Member]

^[1],[2]

0.6

Designated as Hedging Instrument [Member] | Crude oil marketing: Forecasted purchases of crude oil [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

0.1

Designated as Hedging Instrument [Member] | Crude oil marketing: Forecasted sales of crude oil [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

19.2

Designated as Hedging Instrument [Member] | Propylene marketing: Forecasted sales of NGLs for propylene marketing activities [Member] | Derivatives in cash flow hedging relationships [Member]

^[1],[2]

26.2

Not Designated as Hedging Instrument [Member] | Natural gas risk management activities [Member] | Derivatives in mark-to-market relationships [Member]

^[1],[2]

0.3

Not Designated as Hedging Instrument [Member] | Refined products risk management activities [Member] | Derivatives in mark-to-market relationships [Member]

^[1],[2],[3]

47.5

Long Term Volume | Bcf

^[1],[2],[3]

0.1

Not Designated as Hedging Instrument [Member] | NGL risk management activities [Member] | Derivatives in mark-to-market relationships [Member]

^[1],[2],[3]

1.8

Not Designated as Hedging Instrument [Member] | Crude oil risk management activities [Member] | Derivatives in mark-to-market relationships [Member]

^[1],[2],[3]

5.4

Derivative Instruments, Gain (Loss) [Line Items]

^[1],[2],[3]

39.0

Long Term Volume

^[1],[2],[3]

1.6

[1]	The maximum term for derivatives designated as cash flow hedges, derivatives designated as fair value hedges and derivatives not designated as hedging instruments is December 2020, December 2019 and December 2020, respectively.
[2]	Volume for derivatives designated as hedging instruments reflects the total amount of volumes hedged whereas volume for derivatives not designated as hedging instruments reflects the absolute value of derivative notional volumes.
[3]	Reflects the use of derivative instruments to manage risks associated with transportation, processing and storage assets.

Derivative Instruments, Hedging Activities and Fair Value Measurements, Derivative Fair Value Amounts (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Interest rate derivatives [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 5.2
Commodity derivatives [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	202.3	$ 161.9
Liability Derivatives	137.0	162.4
Derivatives designated as hedging instruments [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	177.3	144.1
Liability Derivatives	128.0	126.1
Derivatives designated as hedging instruments [Member] \| Interest rate derivatives [Member] \| Other assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	0.0	0.0
Derivatives designated as hedging instruments [Member] \| Interest rate derivatives [Member] \| Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	5.2	0.0
Derivatives designated as hedging instruments [Member] \| Commodity derivatives [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	177.3	144.1
Liability Derivatives	122.8	126.1
Derivatives designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	172.4	138.5
Derivatives designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Other assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	4.9	5.6
Derivatives designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	115.2	115.0
Derivatives designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	7.6	11.1
Derivatives not designated as hedging instruments [Member] \| Commodity derivatives [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	25.0	17.8
Liability Derivatives	14.2	36.3
Derivatives not designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	23.4	15.9
Derivatives not designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Other assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	1.6	1.9
Derivatives not designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Current liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	13.2	33.2
Derivatives not designated as hedging instruments [Member] \| Commodity derivatives [Member] \| Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 1.0	$ 3.1

Derivative Instruments, Hedging Activities and Fair Value Measurements, Asset Balance Sheet Offsetting (Details) - Commodity Derivatives [Member] - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	$ 202.3	$ 161.9
Gross Amounts Offset in the Balance Sheet	0.0	0.0
Amounts of Assets Presented in the Balance Sheet	202.3	161.9
Financial Instruments	(137.7)	(158.6)
Cash Collateral Received	(64.6)	0.0
Cash Collateral Paid	0.0	0.0
Amounts That Would Have Been Presented On Net Basis	$ 0.0	$ 3.3

Derivative Instruments, Hedging Activities and Fair Value Measurements, Liability Balance Sheet Offsetting (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Interest rate derivatives [Member]
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	$ 5.2
Gross Amounts Offset in the Balance Sheet	0.0
Amounts of Liabilities Presented in the Balance Sheet	5.2
Financial Instruments	0.0
Cash Collateral Received	0.0
Cash Collateral Paid	0.0
Amounts That Would Have Been Presented On Net Basis	5.2
Commodity Derivatives [Member]
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	137.0	$ 162.4
Gross Amounts Offset in the Balance Sheet	0.0	0.0
Amounts of Liabilities Presented in the Balance Sheet	137.0	162.4
Financial Instruments	(137.7)	(158.6)
Cash Collateral Received	0.0	0.0
Cash Collateral Paid	0.2	(2.3)
Amounts That Would Have Been Presented On Net Basis	$ (0.5)	$ 1.5

Derivative Instruments, Hedging Activities and Fair Value Measurements, Gains and Losses on Derivative Instruments and Related Hedged Items (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Unrealized gains (losses)

$ (12.5)

$ (322.1)

$ 83.8

$ (458.9)

Derivatives in fair value hedging relationships [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) Recognized in Income on Hedged Item

6.9

5.4

(1.6)

5.9

(3.6)

(5.5)

6.3

(3.2)

Derivatives in fair value hedging relationships [Member] | Interest rate derivatives [Member] | Interest expense [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) Recognized in Income on Hedged Item

0.0

0.6

0.0

1.3

0.0

(0.6)

0.0

(1.4)

Derivatives in fair value hedging relationships [Member] | Commodity derivatives [Member] | Revenue [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) Recognized in Income on Hedged Item

6.9

4.8

(1.6)

4.6

(3.6)

(4.9)

6.3

(1.8)

Derivatives in cash flow hedging relationships [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative

76.3

(10.1)

(18.9)

4.4

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income

(7.0)

(48.6)

42.1

(44.6)

Derivatives in cash flow hedging relationships [Member] | Interest rate derivatives [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative

(5.2)

3.5

(5.2)

14.6

Accumulated other comprehensive loss related to interest rate derivative instruments expected to be reclassified to earnings in interest expense over the next twelve months

(38.4)

Derivatives in cash flow hedging relationships [Member] | Interest rate derivatives [Member] | Interest expense [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income

(9.2)

(9.4)

(18.4)

(19.9)

Derivatives in cash flow hedging relationships [Member] | Commodity derivatives [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Net accumulated other comprehensive income (loss) related to commodity derivative instruments expected to be reclassified to earnings over the next twelve months

85.9

Accumulated other comprehensive income (loss) related to commodity derivative instruments expected to be reclassified to revenue over the next twelve months

88.6

Accumulated other comprehensive income (loss) related to commodity derivative instruments expected to be reclassified to operating costs and expenses over the next twelve months

(2.7)

Derivatives in cash flow hedging relationships [Member] | Commodity derivatives [Member] | Revenue [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative

^[1]

84.3

(14.2)

(2.4)

(11.2)

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income

2.5

(39.4)

67.8

(25.4)

Derivatives in cash flow hedging relationships [Member] | Commodity derivatives [Member] | Operating costs and expenses [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Change in Value Recognized in Other Comprehensive Income (Loss) on Derivative

^[1]

(2.8)

0.6

(11.3)

1.0

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income

(0.3)

0.2

(7.3)

0.7

Derivatives not designated as hedging instruments [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Unrealized gains (losses)

(25.0)

(406.3)

70.2

(561.3)

Realized gains (losses)

(11.7)

81.9

Derivatives not designated as hedging instruments [Member] | Commodity derivatives [Member] | Revenue [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivatives not designated as hedging instruments [Member] | Commodity derivatives [Member] | Operating costs and expenses [Member]

(20.2)

(406.3)

74.9

(559.8)

Derivative Instruments, Gain (Loss) [Line Items]

Derivatives in fair value hedging relationships and not designated as hedges [Member]

$ (4.8)

$ 0.0

(4.7)

$ (1.5)

Derivative Instruments, Gain (Loss) [Line Items]

Unrealized gains (losses)

$ 84.7

[1]	The fair value of these derivative instruments will be reclassified to their respective locations on the Unaudited Condensed Statement of Consolidated Operations upon settlement of the underlying derivative transactions, as appropriate.

Derivative Instruments, Hedging Activities and Fair Value Measurements, Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Mar. 31, 2019

Jun. 30, 2018

Mar. 31, 2018

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Unrealized gain (loss) recognized as a component of net income related to financial assets and liabilities

$ (12.5)

$ (322.1)

$ 83.8

$ (459.0)

Fair Value, Measurements, Recurring [Member]

408.4

$ 456.9

(206.1)

(295.0)

202.3

161.9

202.3

161.9

474.4

390.0

5.2

353.6

398.1

(216.6)

(235.7)

137.0

162.4

Net value before application of CME Rule 814 to commodity hedging portfolio

616.6

552.4

54.8

Fair Value, Measurements, Recurring [Member] | Level 1 [Member]

62.7

172.3

(46.7)

(134.8)

16.0

37.5

16.0

37.5

0.0

0.0

77.6

85.5

(62.0)

(48.6)

15.6

36.9

Fair Value, Measurements, Recurring [Member] | Level 2 [Member]

15.6

36.9

339.4

282.4

(154.2)

(159.3)

185.2

123.1

185.2

123.1

0.0

5.2

253.4

291.2

(138.3)

(172.9)

115.1

118.3

Fair Value, Measurements, Recurring [Member] | Level 3 [Member]

120.3

118.3

6.3

2.2

(5.2)

(0.9)

1.1

1.3

1.1

1.3

474.4

390.0

0.0

22.6

21.4

(16.3)

(14.2)

6.3

7.2

Reconciliation of changes in the fair value of Level 3 financial assets and liabilities [Roll Forward]

480.7

$ 397.2

Financial liability balance, net, beginning of period

(446.9)

$ (395.9)

(341.9)

$ (332.7)

(395.9)

(332.7)

Financial liability balance, net, end of period

Transfers out of Level 3

0.0

(0.2)

0.0

(479.6)

(446.9)

(349.0)

(341.9)

(479.6)

(349.0)

Unrealized gain (loss) recognized as a component of net income related to financial assets and liabilities

(3.2)

1.8

$ (0.2)

$ 0.1

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Revenue [Member]

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other Expense [Member]

Net income

^[1]

(0.1)

3.1

1.3

(0.5)

Settlements

^[1]

(3.1)

(0.1)

0.5

(1.2)

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Other Comprehensive Income (Loss) [Member]

Net income

(26.6)

(57.8)

(8.9)

(7.5)

Other comprehensive income

$ (2.9)

$ 4.0

$ 0.0

[1]

Derivative Instruments, Hedging Activities and Fair Value Measurements, Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Asset Impairment Charges [Abstract]
Asset impairment and related charges	$ 11.8	$ 16.8

Derivative Instruments, Hedging Activities and Fair Value Measurements, Other Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Carrying Value [Member]
Financial Liabilities: [Abstract]
Fixed Rate Debt Principal Amount Fair Value Disclosure	$ 25,450	$ 26,150
Level 2 [Member] \| Fair Value [Member]
Financial Liabilities: [Abstract]
Fixed Rate Debt Principal Amount Fair Value Disclosure	$ 27,690	$ 25,970

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenues - related parties:
Total revenue - related parties	$ 25.8	$ 55.6	$ 38.1	$ 80.3
Costs and expenses - related parties:
Total costs and expenses - related parties	362.5	408.2	758.7	758.3
Accounts receivable - related parties:
Total accounts receivable - related parties	14.2		14.2		$ 3.5
Accounts payable - related parties:
Total accounts payable - related parties	73.6		73.6		140.2
Related Party Transactions [Abstract]
Operating costs and expenses	331.4	377.7	695.8	696.1
General and administrative expenses	31.1	30.5	62.9	62.2
EPCO and its privately held affiliates [Member]
Costs and expenses - related parties:
Total costs and expenses - related parties	267.2	260.2	540.1	516.9
Accounts payable - related parties:
Total accounts payable - related parties	$ 61.4		61.4		116.3
Distributions:
Total cash distributions			$ 593.7	576.3
Relationship with Affiliates [Abstract]
Total Number of Units (in units)	698,051,729		698,051,729
Percentage of Total Units Outstanding	31.90%		31.90%
Enterprise common units pledged as security (in units)	108,222,618		108,222,618
EPCO and its privately held affiliates [Member] \| Distribution Reinvestment Plan [Member]
Relationship with Affiliates [Abstract]
Gross proceeds from the sale of common units			$ 14.0
EPCO and its privately held affiliates [Member] \| Administrative Services Agreement [Member]
Costs and expenses - related parties:
Total costs and expenses - related parties	$ 263.0	256.4	531.4	508.6
Related Party Transactions [Abstract]
Operating costs and expenses	233.6	228.0	472.7	451.0
General and administrative expenses	29.4	28.4	58.7	57.6
Unconsolidated affiliates [Member]
Revenues - related parties:
Total revenue - related parties	25.8	55.6	38.1	80.3
Costs and expenses - related parties:
Total costs and expenses - related parties	95.3	$ 148.0	218.6	$ 241.4
Accounts receivable - related parties:
Total accounts receivable - related parties	14.2		14.2		3.5
Accounts payable - related parties:
Total accounts payable - related parties	$ 12.2		$ 12.2		$ 23.9

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Scheduled maturities of debt obligations [Abstract]
Principal amount of consolidated debt obligations outstanding	$ 27,121.4	$ 26,420.6
Litigation matters [Member]
Loss Contingencies [Line Items]
Litigation accruals on an undiscounted basis	0.5	$ 0.5
Litigation matters [Member] \| ETP Lawsuit [Member]
Loss Contingencies [Line Items]
Loss contingency, damages awarded	319.4
Loss contingency, total damages sought	535.8
Loss contingency, disgorgement damages sought	150.0
Prejudgment interest	$ 66.4
Post-judgment interest rate	5.00%
Positive Outcome of Litigation [Member]
Gain Contingencies [Line Items]
Counterclaim settlement awarded	$ 0.8

Commitments and Contingencies, Operating Leases (Details)
$ in Millions

Jun. 30, 2019

USD ($)

$ 227.6

Lease liability, noncurrent

229.5

Lease liability, current

38.6

190.9

Storage and Pipeline Facilities [Member]

144.3

^[1]

Weighted-average remaining term

$ 145.0

^[2]

16 years

Weighted-average discount rate

4.30%

^[3]

Transportation Equipment [Member]

$ 56.2

^[1]

Weighted-average remaining term

$ 58.7

^[2]

4 years

Weighted-average discount rate

3.60%

^[3]

Office Building and Warehouse Space [Member]

$ 27.1

^[1]

Weighted-average remaining term

$ 25.8

^[2]

3 years

Weighted-average discount rate

3.50%

^[3]

[1]	ROU asset amounts are a component of “Other assets” on our consolidated balance sheet.
[2]	At June 30, 2019, lease liabilities of $38.6 million and $190.9 million were included within “Other current liabilities” and “Other liabilities,” respectively.
[3]	The discount rate for each category of assets represents the weighted average of either (i) the implicit rate applicable to the underlying leases (where determinable) or (ii) our incremental borrowing rate adjusted for collateralization (if the implicit rate is not determinable). In general, the discount rates are based on either (i) information available at the lease commencement date or (ii) January 1, 2019 for leases existing at the adoption date for ASC 842.

Commitments and Contingencies, Consolidated Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Lease Expense [Abstract]
Fixed lease expense	$ 13.1		$ 26.5
Variable lease expense	1.1		2.9
Subtotal operating lease expense	14.2		29.4
Short-term lease expense	11.7		23.5
Total operating lease expense	$ 25.9	$ 25.8	$ 52.9	$ 51.4

Commitments and Contingencies, Contractual Lease Payments (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 02, 2019
Contractual Operating Lease Payments [Abstract]
Undiscounted total		$ 314.4
Discounted total	$ 229.5

Commitments and Contingencies, Additional Lease Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Lease Accounting Standard [Abstract]
Right-of-use assets	$ 227.6	$ 227.6
Lease liabilities	229.5	229.5
Operating lease income	$ 2.4	$ 7.2
Maximum [Member]
Lease Accounting Standard [Abstract]
Percentage of revenues from operating lease income	1.00%	1.00%
Percentage of operating expense from operating lease expense	1.00%	1.00%
ASC 842 [Member]
Lease Accounting Standard [Abstract]
Right-of-use assets			$ 246.1
Lease liabilities			$ 246.1
ASC 842 [Member] \| Maximum [Member]
Lease Accounting Standard [Abstract]
Percentage impact of adopting new accounting pronouncement on total assets			1.00%
Percentage impact of adopting new accounting pronouncement on total liabilities			1.00%

Commitments and Contingencies, Purchase Obligations (Details) - USD ($) $ in Billions	Jun. 30, 2019	Dec. 31, 2018
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded purchase obligation, in total	$ 13.0	$ 10.8
New Purchase Obligations [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded purchase obligation, next five years	1.3
Thereafter	2.3
Unrecorded purchase obligation, in total	$ 3.6

Commitments and Contingencies, Liquidity Option Agreement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Liquidity Option Agreement [Abstract]
Change in fair market value of Liquidity Option Agreement	$ 26.6	$ 8.9	$ 84.4	$ 16.4
Percentage of capital stock we agreed to purchase under liquidity option agreement			100.00%
Liquidity Option exercise period			90 days
Number of units held by limited partner	54,807,352		54,807,352
Valuation, Income Approach [Member] \| Liquidity Option Agreement [Member]
Liquidity Option Agreement [Abstract]
Derivative Liability	$ 474.4		$ 474.4		$ 390.0

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Mar. 29, 2018
Decrease (increase) in:
Accounts receivable - trade			$ (124.8)	$ 18.6
Accounts receivable - related parties			(10.6)	(0.2)
Inventories			(56.4)	17.6
Prepaid and other current assets			(291.2)	(82.4)
Other assets			(12.4)	(11.9)
Increase (decrease) in:
Accounts payable - trade			60.0	112.1
Accounts payable - related parties			(21.0)	(3.1)
Accrued product payables			107.6	30.7
Accrued interest			(3.3)	14.0
Other current liabilities			83.0	(306.4)
Other liabilities			(62.9)	(17.5)
Net effect of changes in operating accounts			(332.0)	(228.5)
Liability for construction in progress expenditures			426.8		$ 567.6
Business Combination
Cash used for business combinations, net of cash received			0.0	149.7
Gain on step acquisition of Delaware Processing	$ 0.0	$ 2.4	$ 0.0	39.4
Delaware Basin Gas Processing LLC [Member]
Business Combination
Remaining membership interest acquired						50.00%
Cash used for business combinations, net of cash received				150.0
Gain on step acquisition of Delaware Processing				$ 39.4

Condensed Consolidating Financial Information, Balance Sheet (Details) - USD ($)
$ in Millions

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

$ 107.3

$ 410.1

3,787.6

3,659.1

14.2

3.5

1,586.1

1,522.1

195.8

154.4

567.9

311.5

6,258.9

6,060.7

40,089.1

38,737.6

2,652.1

2,615.1

3,532.6

3,608.4

5,745.2

443.9

202.8

58,721.8

56,969.8

500.0

^[1]

1,500.1

1,078.5

1,102.8

73.6

140.2

3,614.9

3,475.8

392.3

395.6

128.4

148.2

476.4

404.8

6,264.1

7,167.5

26,385.0

24,678.1

84.6

80.4

1,012.7

751.6

Equity:

24,439.8

23,853.5

535.6

438.7

24,975.4

$ 24,521.3

24,292.2

$ 23,090.5

$ 22,964.9

$ 22,772.4

Eliminations and Adjustments [Member]

58,721.8

56,969.8

0.0

0.0

(44.5)

(32.7)

0.0

0.0

0.1

0.6

(44.4)

(32.1)

0.0

(24,957.1)

(24,273.6)

0.0

0.0

0.0

(25,001.5)

(24,305.7)

0.0

0.0

(44.5)

(32.6)

0.0

0.0

0.0

0.1

0.0

(44.4)

(32.6)

0.0

2.3

0.0

Equity:

(24,927.9)

(24,247.4)

(31.5)

(28.0)

(24,959.4)

(24,275.4)

Subsidiary Issuer (EPO) [Member]

(25,001.5)

(24,305.7)

24.6

393.4

1,088.1

1,303.1

286.6

141.8

1,004.3

889.3

154.7

105.0

275.4

166.0

2,833.7

2,998.6

6,269.9

6,112.7

44,685.6

43,962.6

648.4

659.2

459.5

387.3

292.1

55,284.4

54,484.7

500.0

1,500.0

335.5

404.0

1,013.4

1,557.3

1,369.1

1,574.7

392.3

395.5

106.6

86.2

127.5

87.9

3,844.4

5,605.6

26,370.3

24,663.4

17.1

17.0

145.7

65.2

Equity:

24,906.9

24,133.5

0.0

24,906.9

24,133.5

Other Subsidiaries (Non-guarantor) [Member]

55,284.4

54,484.7

89.7

50.3

2,701.3

2,356.8

903.0

1,423.7

582.1

633.2

41.1

49.1

323.3

155.1

4,640.5

4,668.2

33,865.6

32,628.7

4,120.5

4,170.6

2,897.7

2,963.0

5,285.7

278.0

131.9

51,088.0

49,848.1

0.0

0.1

750.2

734.3

205.1

127.5

2,247.9

1,902.3

0.8

0.9

21.8

61.7

378.9

326.3

3,604.7

3,153.1

14.7

66.2

62.0

614.5

518.4

Equity:

46,721.2

46,031.8

66.7

68.1

46,787.9

46,099.9

Consolidated EPO and Subsidiaries [Member]

51,088.0

49,848.1

107.1

410.1

3,787.6

3,659.1

58.7

35.4

1,586.1

1,522.1

195.8

154.4

567.3

310.9

6,302.6

6,092.0

40,089.1

38,737.6

2,652.1

2,615.1

3,532.6

3,608.4

5,745.2

443.0

201.9

58,764.6

57,000.2

500.0

1,500.1

1,078.5

1,102.8

73.6

140.9

3,614.9

3,475.8

392.3

395.6

128.4

148.2

476.3

404.8

6,264.0

7,168.2

26,385.0

24,678.1

82.3

78.1

538.3

361.7

Equity:

24,927.9

24,247.4

567.1

466.7

25,495.0

24,714.1

Consolidated EPO and Subsidiaries [Member] | Eliminations and Adjustments [Member]

58,764.6

57,000.2

(7.2)

(33.6)

(1.8)

(0.8)

(1,130.9)

(1,530.1)

(0.3)

(0.4)

0.0

0.3

(31.4)

(10.2)

(1,171.6)

(1,574.8)

(46.4)

(3.8)

(46,154.0)

(45,518.1)

(13.5)

(13.8)

0.0

(222.3)

(222.1)

(47,607.8)

(47,332.6)

0.0

(7.2)

(35.5)

(1,144.9)

(1,543.9)

(2.1)

(1.2)

(0.8)

0.0

0.3

(30.1)

(9.4)

(1,185.1)

(1,590.5)

0.0

(1.0)

(0.9)

(221.9)

Equity:

(46,700.2)

(45,917.9)

500.4

398.6

(46,199.8)

(45,519.3)

Enterprise Products Partners L.P. (Guarantor) [Member]

(47,607.8)

(47,332.6)

0.2

0.0

0.0

0.0

0.8

0.0

0.0

0.5

0.0

0.7

0.8

0.0

24,957.1

24,273.6

0.0

0.0

0.9

24,958.7

24,275.3

0.0

0.0

44.5

31.9

0.0

0.0

0.0

0.0

44.5

31.9

0.0

0.0

474.4

389.9

Equity:

24,439.8

23,853.5

0.0

24,439.8

23,853.5