Energy Transfer 2015 Annual Report Download - page 207

Table of Contents
Accumulated Other Comprehensive Income (Loss)
The following table presents the components of AOCI, net of tax:
December 31,
2015
2014
Available-for-sale securities $ —
$ 3
Foreign currency translation adjustment (4)
(3)
Net loss on commodity related hedges —
(1)
Actuarial gain (loss) related to pensions and other postretirement benefits 8
(57)
Investments in unconsolidated affiliates, net —
2
Total AOCI, net of tax $ 4
$ (56)
The table below sets forth the tax amounts included in the respective components of other comprehensive income (loss):
December 31,
2015
2014
Available-for-sale securities $ (2)
$ (1)
Foreign currency translation adjustment 4
2
Actuarial loss (gain) relating to pension and other postretirement benefits 7
(37)
Total $ 9
$ (36)
9. UNIT-BASED COMPENSATION PLANS:
ETP Unit-Based Compensation Plan
We have issued equity incentive plans for employees, officers and directors, which provide for various types of awards, including options to purchase
ETP Common Units, restricted units, phantom units, Common Units, distribution equivalent rights (“DERs”), Common Unit appreciation rights, and
other unit-based awards. As of December 31, 2015, an aggregate total of 5.3 million ETP Common Units remain available to be awarded under our equity
incentive plans.
Restricted Units
We have granted restricted unit awards to employees that vest over a specified time period, typically a five-year service vesting requirement, with vesting
based on continued employment as of each applicable vesting date. Upon vesting, ETP Common Units are issued. These unit awards entitle the
recipients of the unit awards to receive, with respect to each Common Unit subject to such award that has not either vested or been forfeited, a cash
payment equal to each cash distribution per Common Unit made by us on our Common Units promptly following each such distribution by us to our
Unitholders. We refer to these rights as “distribution equivalent rights.” Under our equity incentive plans, our non-employee directors each receive
grants with a five-year service vesting requirement.
The following table shows the activity of the awards granted to employees and non-employee directors:
Number of Units
Weighted Average Grant-Date
Fair Value Per Unit
Unvested awards as of December 31, 2014 3.5
$ 53.83
Awards granted 2.1
35.21
Awards vested (1.2)
48.67
Awards forfeited (0.4)
55.44
Conversion of RGP unit awards to ETP unit awards 0.8
58.88
Unvested awards as of December 31, 2015 4.8
47.61
F - 46