Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2020

Condensed Consolidating Financial Information [Abstract]

Unaudited Condensed Consolidating Balance Sheet

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

September 30, 2020

	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	$	863.2	$	292.5	$	(24.7	)	$	1,131.0	$	0.1	$	–		$	1,131.1
Accounts receivable – trade, net		1,155.1		2,621.9		(0.8	)		3,776.2		–		–			3,776.2
Accounts receivable – related parties		145.8		782.0		(915.0	)		12.8		–		(8.7	)		4.1
Inventories		2,447.6		745.3		(0.3	)		3,192.6		–		–			3,192.6
Derivative assets		101.6		31.3		–			132.9		–		–			132.9
Prepaid and other current assets		269.8		445.5		(159.7	)		555.6		0.2		0.6			556.4
Total current assets		4,983.1		4,918.5		(1,100.5	)		8,801.1		0.3		(8.1	)		8,793.3
Property, plant and equipment, net		6,685.4		35,715.0		(40.3	)		42,360.1		–		–			42,360.1
Investments in unconsolidated affiliates		46,284.9		4,840.8		(48,640.3	)		2,485.4		25,092.9		(25,092.9	)		2,485.4
Intangible assets, net		624.3		2,741.0		(16.7	)		3,348.6		–		–			3,348.6
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		907.0		335.0		(239.4	)		1,002.6		1.0		–			1,003.6
Total assets	$	59,944.2	$	53,836.0	$	(50,037.2	)	$	63,743.0	$	25,094.2	$	(25,101.0	)	$	63,736.2
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,325.0	$	–	$	–		$	1,325.0	$	–	$	–		$	1,325.0
Accounts payable – trade		288.3		631.4		(24.7	)		895.0		1.0		–			896.0
Accounts payable – related parties		891.1		158.1		(927.9	)		121.3		8.7		(8.7	)		121.3
Accrued product payables		1,879.1		2,439.0		(1.0	)		4,317.1		–		–			4,317.1
Accrued interest		235.0		3.2		(3.1	)		235.1		–		–			235.1
Derivative liabilities		329.3		0.4		–			329.7		–		–			329.7
Other current liabilities		201.8		579.1		(158.2	)		622.7		–		–			622.7
Total current liabilities		5,149.6		3,811.2		(1,114.9	)		7,845.9		9.7		(8.7	)		7,846.9
Long-term debt		28,522.4		14.6		–			28,537.0		–		–			28,537.0
Deferred tax liabilities		25.5		434.2		(0.5	)		459.2		–		4.1			463.3
Other long-term liabilities		370.0		607.3		(242.1	)		735.2		–		–			735.2
Commitments and contingent liabilities
Redeemable preferred limited partner interests		–		–		–			–		49.2		(0.1	)		49.1
Equity:
Partners’ and other owners’ equity		25,876.7		48,905.3		(49,724.5	)		25,057.5		25,035.3		(25,057.5	)		25,035.3
Noncontrolling interests in consolidated subsidiairies		–		63.4		1,044.8			1,108.2		–		(38.8	)		1,069.4
Total equity		25,876.7		48,968.7		(48,679.7	)		26,165.7		25,035.3		(25,096.3	)		26,104.7
Total liabilities, preferred units, and equity	$	59,944.2	$	53,836.0	$	(50,037.2	)	$	63,743.0	$	25,094.2	$	(25,101.0	)	$	63,736.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Balance Sheet

December 31, 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	$	109.2	$	315.8	$	(15.1	)	$	409.9	$	0.1	$	–		$	410.0
Accounts receivable – trade, net		1,471.1		3,403.8		(1.3	)		4,873.6		–		–			4,873.6
Accounts receivable – related parties		233.1		799.9		(1,023.6	)		9.4		–		(6.9	)		2.5
Inventories		1,351.3		740.4		(0.3	)		2,091.4		–		–			2,091.4
Derivative assets		115.2		12.0		–			127.2		–		–			127.2
Prepaid and other current assets		221.0		183.5		(46.3	)		358.2		–		–			358.2
Total current assets		3,500.9		5,455.4		(1,086.6	)		7,869.7		0.1		(6.9	)		7,862.9
Property, plant and equipment, net		6,413.3		35,233.6		(43.5	)		41,603.4		–		–			41,603.4
Investments in unconsolidated affiliates		45,514.0		4,165.7		(47,079.5	)		2,600.2		25,279.3		(25,279.3	)		2,600.2
Intangible assets, net		636.7		2,852.3		(40.0	)		3,449.0		–		–			3,449.0
Goodwill		459.5		5,285.7		–			5,745.2		–		–			5,745.2
Other assets		404.9		288.5		(221.9	)		471.5		1.0		–			472.5
Total assets	$	56,929.3	$	53,281.2	$	(48,471.5	)	$	61,739.0	$	25,280.4	$	(25,286.2	)	$	61,733.2
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$	1,981.9	$	–	$	–		$	1,981.9	$	–	$	–		$	1,981.9
Accounts payable – trade		301.4		717.7		(14.6	)		1,004.5		–		–			1,004.5
Accounts payable – related parties		977.5		222.3		(1,037.5	)		162.3		6.9		(6.9	)		162.3
Accrued product payables		1,895.4		3,021.9		(1.6	)		4,915.7		–		–			4,915.7
Accrued interest		431.6		0.9		(0.8	)		431.7		–		–			431.7
Derivative liabilities		114.2		8.2		–			122.4		–		–			122.4
Other current liabilities		120.5		438.2		(47.3	)		511.4		–		(0.2	)		511.2
Total current liabilities		5,822.5		4,409.2		(1,101.8	)		9,129.9		6.9		(7.1	)		9,129.7
Long-term debt		25,628.6		14.6		–			25,643.2		–		–			25,643.2
Deferred tax liabilities		22.2		75.6		(0.8	)		97.0		–		3.4			100.4
Other long-term liabilities		161.2		608.9		(247.2	)		522.9		509.5		–			1,032.4
Commitments and contingent liabilities
Equity:
Partners’ and other owners’ equity		25,294.8		48,107.6		(48,155.3	)		25,247.1		24,764.0		(25,247.1	)		24,764.0
Noncontrolling interests in consolidated subsidiairies		–		65.3		1,033.6			1,098.9		–		(35.4	)		1,063.5
Total equity		25,294.8		48,172.9		(47,121.7	)		26,346.0		24,764.0		(25,282.5	)		25,827.5
Total liabilities and equity	$	56,929.3	$	53,281.2	$	(48,471.5	)	$	61,739.0	$	25,280.4	$	(25,286.2	)	$	61,733.2

Unaudited Condensed Consolidating Statement of Operations

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended September 30, 2020

	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	$	11,392.7		$	4,135.4		$	(8,606.1	)	$	6,922.0		$	–		$	–		$	6,922.0
Costs and expenses:
Operating costs and expenses		11,053.8			3,124.1			(8,606.7	)		5,571.2			–			–			5,571.2
General and administrative costs		8.1			41.2			0.7			50.0			0.3			–			50.3
Total costs and expenses		11,061.9			3,165.3			(8,606.0	)		5,621.2			0.3			–			5,621.5
Equity in income of unconsolidated affiliates		923.7			114.3			(956.0	)		82.0			1,053.0			(1,053.0	)		82.0
Operating income		1,254.5			1,084.4			(956.1	)		1,382.8			1,052.7			(1,053.0	)		1,382.5
Other income (expense):
Interest expense		(320.8	)		(2.5	)		2.8			(320.5	)		–			–			(320.5	)
Other, net		4.4			(114.1	)		112.6			2.9			–			–			2.9
Total other expense, net		(316.4	)		(116.6	)		115.4			(317.6	)		–			–			(317.6	)
Income before income taxes		938.1			967.8			(840.7	)		1,065.2			1,052.7			(1,053.0	)		1,064.9
Benefit from (provision for) income taxes		(1.7	)		21.3			(0.1	)		19.5			0.1			(0.5	)		19.1
Net income		936.4			989.1			(840.8	)		1,084.7			1,052.8			(1,053.5	)		1,084.0
Net income attributable to noncontrolling interests		–			(1.8	)		(31.3	)		(33.1	)		–			1.7			(31.4	)
Net income attributable to preferred units		–			–			–			–			(0.2	)		0.2			–
Net income attributable to entity	$	936.4		$	987.3		$	(872.1	)	$	1,051.6		$	1,052.6		$	(1,051.6	)	$	1,052.6

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Three Months Ended September 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	$	8,268.7		$	5,238.9		$	(5,543.5	)	$	7,964.1		$	–		$	–		$	7,964.1
Costs and expenses:
Operating costs and expenses		7,950.9			4,166.6			(5,543.8	)		6,573.7			–			–			6,573.7
General and administrative costs		9.4			45.4			0.4			55.2			0.3			–			55.5
Total costs and expenses		7,960.3			4,212.0			(5,543.4	)		6,628.9			0.3			–			6,629.2
Equity in income of unconsolidated affiliates		1,131.9			167.1			(1,159.7	)		139.3			1,058.2			(1,058.2	)		139.3
Operating income		1,440.3			1,194.0			(1,159.8	)		1,474.5			1,057.9			(1,058.2	)		1,474.2
Other income (expense):
Interest expense		(383.2	)		(2.6	)		2.9			(382.9	)		–			–			(382.9	)
Other, net		8.7			1.8			(2.9	)		7.6			(38.7	)		–			(31.1	)
Total other expense, net		(374.5	)		(0.8	)		–			(375.3	)		(38.7	)		–			(414.0	)
Income before income taxes		1,065.8			1,193.2			(1,159.8	)		1,099.2			1,019.2			(1,058.2	)		1,060.2
Provision for income taxes		(8.5	)		(6.6	)		–			(15.1	)		–			(0.3	)		(15.4	)
Net income		1,057.3			1,186.6			(1,159.8	)		1,084.1			1,019.2			(1,058.5	)		1,044.8
Net income attributable to noncontrolling interests		–			(1.5	)		(25.4	)		(26.9	)		–			1.3			(25.6	)
Net income attributable to entity	$	1,057.3		$	1,185.1		$	(1,185.2	)	$	1,057.2		$	1,019.2		$	(1,057.2	)	$	1,019.2

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Nine Months Ended September 30, 2020

	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	$	29,836.7		$	12,609.5		$	(22,290.7	)	$	20,155.5		$	–		$	–		$	20,155.5
Costs and expenses:
Operating costs and expenses		28,856.1			9,438.6			(22,292.8	)		16,001.9			–			–			16,001.9
General and administrative costs		28.5			130.6			2.1			161.2			1.6			–			162.8
Total costs and expenses		28,884.6			9,569.2			(22,290.7	)		16,163.1			1.6			–			16,164.7
Equity in income of unconsolidated affiliates		2,972.6			422.3			(3,058.8	)		336.1			3,368.9			(3,368.9	)		336.1
Operating income		3,924.7			3,462.6			(3,058.8	)		4,328.5			3,367.3			(3,368.9	)		4,326.9
Other income (expense):
Interest expense		(959.0	)		(7.6	)		8.4			(958.2	)		–			–			(958.2	)
Other, net		17.4			(386.9	)		384.0			14.5			(2.0	)		–			12.5
Total other expense, net		(941.6	)		(394.5	)		392.4			(943.7	)		(2.0	)		–			(945.7	)
Income before income taxes		2,983.1			3,068.1			(2,666.4	)		3,384.8			3,365.3			(3,368.9	)		3,381.2
Benefit from (provision for) income taxes		(10.5	)		78.3			(0.4	)		67.4			72.3			(1.1	)		138.6
Net income		2,972.6			3,146.4			(2,666.8	)		3,452.2			3,437.6			(3,370.0	)		3,519.8
Net income attributable to noncontrolling interests		–			(4.6	)		(82.5	)		(87.1	)		–			4.7			(82.4	)
Net income attributable to preferred units		–			–			–			–			(0.2	)		0.2			–
Net income attributable to entity	$	2,972.6		$	3,141.8		$	(2,749.3	)	$	3,365.1		$	3,437.4		$	(3,365.1	)	$	3,437.4

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Operations

For the Nine Months Ended September 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	$	25,664.8		$	16,618.5		$	(17,499.4	)	$	24,783.9		$	–		$	–		$	24,783.9
Costs and expenses:
Operating costs and expenses		24,670.6			13,216.2			(17,492.5	)		20,394.3			–			–			20,394.3
General and administrative costs		22.6			133.4			2.3			158.3			1.9			–			160.2
Total costs and expenses		24,693.2			13,349.6			(17,490.2	)		20,552.6			1.9			–			20,554.5
Equity in income of unconsolidated affiliates		3,606.9			496.8			(3,672.4	)		431.3			3,619.4			(3,619.4	)		431.3
Operating income		4,578.5			3,765.7			(3,681.6	)		4,662.6			3,617.5			(3,619.4	)		4,660.7
Other income (expense):
Interest expense		(950.9	)		(7.8	)		8.5			(950.2	)		–			–			(950.2	)
Other, net		16.0			4.2			(8.5	)		11.7			(123.1	)		–			(111.4	)
Total other expense, net		(934.9	)		(3.6	)		–			(938.5	)		(123.1	)		–			(1,061.6	)
Income before income taxes		3,643.6			3,762.1			(3,681.6	)		3,724.1			3,494.4			(3,619.4	)		3,599.1
Provision for income taxes		(18.2	)		(18.3	)		–			(36.5	)		–			(0.9	)		(37.4	)
Net income		3,625.4			3,743.8			(3,681.6	)		3,687.6			3,494.4			(3,620.3	)		3,561.7
Net income attributable to noncontrolling interests		–			(4.9	)		(66.5	)		(71.4	)		–			4.1			(67.3	)
Net income attributable to entity	$	3,625.4		$	3,738.9		$	(3,748.1	)	$	3,616.2		$	3,494.4		$	(3,616.2	)	$	3,494.4

Unaudited Condensed Consolidating Statement of Comprehensive Income

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2020

	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	$	1,083.0	$	940.4		$	(840.8	)	$	1,182.6		$	1,150.4		$	(1,151.2	)	$	1,181.8
Comprehensive income attributable to noncontrolling interests		–		(1.8	)		(31.3	)		(33.1	)		–			1.7			(31.4	)
Comprehensive income attributable to  preferred units		–		–			–			–			(0.2	)		0.2			–
Comprehensive income attributable to entity	$	1,083.0	$	938.6		$	(872.1	)	$	1,149.5		$	1,150.2		$	(1,149.3	)	$	1,150.4

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 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	$	1,038.7	$	1,176.8		$	(1,159.8	)	$	1,055.7		$	990.8	$	(1,030.1	)	$	1,016.4
Comprehensive income attributable to noncontrolling interests		–		(1.5	)		(25.4	)		(26.9	)		–		1.3			(25.6	)
Comprehensive income attributable to entity	$	1,038.7	$	1,175.3		$	(1,185.2	)	$	1,028.8		$	990.8	$	(1,028.8	)	$	990.8

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2020

	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	$	2,767.1	$	3,231.4		$	(2,666.8	)	$	3,331.7		$	3,316.7		$	(3,249.3	)	$	3,399.1
Comprehensive income attributable to noncontrolling interests		–		(4.6	)		(82.5	)		(87.1	)		–			4.7			(82.4	)
Comprehensive income attributable to  preferred units		–		–			–			–			(0.2	)		0.2			–
Comprehensive income attributable to entity	$	2,767.1	$	3,226.8		$	(2,749.3	)	$	3,244.6		$	3,316.5		$	(3,244.4	)	$	3,316.7

Unaudited Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 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	$	3,628.6	$	3,650.6		$	(3,681.6	)	$	3,597.6		$	3,404.4	$	(3,530.3	)	$	3,471.7
Comprehensive income attributable to noncontrolling interests		–		(4.9	)		(66.5	)		(71.4	)		–		4.1			(67.3	)
Comprehensive income attributable to entity	$	3,628.6	$	3,645.7		$	(3,748.1	)	$	3,526.2		$	3,404.4	$	(3,526.2	)	$	3,404.4

Unaudited Condensed Consolidating Statement of Cash Flows

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2020

	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	$	2,972.6		$	3,146.4		$	(2,666.8	)	$	3,452.2		$	3,437.6		$	(3,370.0	)	$	3,519.8
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		260.8			1,286.9			(2.6	)		1,545.1			–			–			1,545.1
Equity in income of unconsolidated affiliates		(2,972.6	)		(422.3	)		3,058.8			(336.1	)		(3,368.9	)		3,368.9			(336.1	)
Distributions received from unconsolidated affiliates attributable to earnings		1,071.3			157.4			(891.3	)		337.4			3,164.4			(3,164.4	)		337.4
Net effect of changes in operating accounts and other operating activities		1,997.2			(2,254.3	)		(449.2	)		(706.3	)		(68.7	)		0.4			(774.6	)
Net cash flows provided by operating activities		3,329.3			1,914.1			(951.1	)		4,292.3			3,164.4			(3,165.1	)		4,291.6
Investing activities:
Capital expenditures		(533.9	)		(2,139.1	)		1.4			(2,671.6	)		–			–			(2,671.6	)
Proceeds from asset sales		1.2			7.2			–			8.4			–			–			8.4
Other investing activities		(1,106.8	)		30.4			1,175.4			99.0			–			–			99.0
Cash used in investing activities		(1,639.5	)		(2,101.5	)		1,176.8			(2,564.2	)		–			–			(2,564.2	)
Financing activities:
Borrowings under debt agreements		6,672.1			–			–			6,672.1			–			–			6,672.1
Repayments of debt		(4,406.6	)		–			–			(4,406.6	)		–			–			(4,406.6	)
Cash distributions paid to owners		(3,164.4	)		(1,104.7	)		1,153.5			(3,115.6	)		(2,968.4	)		3,164.4			(2,919.6	)
Cash payments made in connection with DERs		–			–			–			–			(20.0	)		–			(20.0	)
Cash distributions paid to noncontrolling interests		–			(6.6	)		(91.9	)		(98.5	)		–			0.7			(97.8	)
Cash contributions from noncontrolling interests		–			–			21.2			21.2			–			–			21.2
Repurchase of common units under 2019 Buyback Program		–			–			–			–			(173.8	)		–			(173.8	)
Net cash proceeds from the issuance of preferred unit		–			–			–			–			32.5			–			32.5
Cash contributions from owners		–			1,275.4			(1,275.4	)		–			–			–			–
Other financing activities		(36.9	)		–			(42.7	)		(79.6	)		(34.7	)		–			(114.3	)
Cash provided by (used in) financing activities		(935.8	)		164.1			(235.3	)		(1,007.0	)		(3,164.4	)		3,165.1			(1,006.3	)
Net change in cash and cash equivalents,    including restricted cash		754.0			(23.3	)		(9.6	)		721.1			–			–			721.1
Cash and cash equivalents, including    restricted cash, at beginning of period		109.2			315.8			(15.1	)		409.9			0.1			–			410.0
Cash and cash equivalents, including    restricted cash, at end of period	$	863.2		$	292.5		$	(24.7	)	$	1,131.0		$	0.1		$	–		$	1,131.1

Enterprise Products Partners L.P.

Unaudited Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 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	$	3,625.4		$	3,743.8		$	(3,681.6	)	$	3,687.6		$	3,494.4		$	(3,620.3	)	$	3,561.7
Reconciliation of net income to net cash flows provided by operating activities:
Depreciation, amortization and accretion		231.5			1,226.5			(1.3	)		1,456.7			–			–			1,456.7
Equity in income of unconsolidated affiliates		(3,606.9	)		(496.8	)		3,672.4			(431.3	)		(3,619.4	)		3,619.4			(431.3	)
Distributions received from unconsolidated affiliates attributable to earnings		1,170.9			243.0			(982.7	)		431.2			3,028.9			(3,028.9	)		431.2
Net effect of changes in operating accounts and other operating activities		2,203.8			(2,549.8	)		19.1			(326.9	)		134.6			0.2			(192.1	)
Net cash flows provided by operating activities		3,624.7			2,166.7			(974.1	)		4,817.3			3,038.5			(3,029.6	)		4,826.2
Investing activities:
Capital expenditures		(503.8	)		(2,791.2	)		(7.1	)		(3,302.1	)		–			–			(3,302.1	)
Proceeds from asset sales		0.9			15.9			–			16.8			–			–			16.8
Other investing activities		(1,349.5	)		(28.8	)		1,290.8			(87.5	)		(119.3	)		119.3			(87.5	)
Cash used in investing activities		(1,852.4	)		(2,804.1	)		1,283.7			(3,372.8	)		(119.3	)		119.3			(3,372.8	)
Financing activities:
Borrowings under debt agreements		44,629.6			–			–			44,629.6			–			–			44,629.6
Repayments of debt		(42,855.2	)		(0.1	)		–			(42,855.3	)		–			–			(42,855.3	)
Cash distributions paid to owners		(3,028.9	)		(1,484.8	)		1,484.8			(3,028.9	)		(2,871.1	)		3,028.9			(2,871.1	)
Cash payments made in connection with DERs		–			–			–			–			(16.4	)		–			(16.4	)
Cash distributions paid to noncontrolling interests		–			(7.0	)		(63.4	)		(70.4	)		–			0.7			(69.7	)
Cash contributions from noncontrolling interests		–			–			590.8			590.8			–			–			590.8
Net cash proceeds from issuance of common units		–			–			–			–			82.2			–			82.2
Repurchase of common units under 2019 Buyback Program		–			–			–			–			(81.1	)		–			(81.1	)
Cash contributions from owners		119.3			2,320.3			(2,320.3	)		119.3			–			(119.3	)		–
Other financing activities		(26.3	)		(5.6	)		–			(31.9	)		(32.8	)		–			(64.7	)
Cash provided by (used in) financing activities		(1,161.5	)		822.8			(308.1	)		(646.8	)		(2,919.2	)		2,910.3			(655.7	)
Net change in cash and cash equivalents,    including restricted cash		610.8			185.4			1.5			797.7			–			–			797.7
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	$	1,004.2		$	235.7		$	(32.1	)	$	1,207.8		$	–		$	–		$	1,207.8