v3.25.2
Revenue (Tables)
6 Months Ended
Jun. 30, 2025
Revenue [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2024$759 
Additions531 
Revenue recognized(669)
Balance, June 30, 2025$621 
Balance, December 31, 2023$749 
Additions668 
Revenue recognized(629)
Balance, June 30, 2024$788 
The balances of Sunoco LP’s contract assets and contract liabilities were as follows:
June 30,
2025
December 31,
2024
Contract assets$329 $288 
Accounts receivable from contracts with customers962 1,084 
Contract liabilities33 39 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of June 30, 2025, the aggregate amount of transaction price allocated to unsatisfied (or partially satisfied) performance obligations was $35.57 billion. The Partnership expects to recognize this amount as revenue within the time bands illustrated in the following table:
Years Ending December 31,
2025
(remainder)20262027ThereafterTotal
Revenue expected to be recognized on contracts with customers existing as of June 30, 2025$4,063 $7,224 $5,867 $18,414 $35,568