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Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Service revenues $ 5,135 $ 3,888 $ 2,914
Product sales 2,196 3,521 3,921
Total revenues 7,331 7,409 6,835
Costs and expenses:      
Product costs 1,779 3,016 3,027
Operating and maintenance expenses 1,625 1,277 1,080
Depreciation and amortization expenses 1,702 1,151 791
Selling, general, and administrative expenses 684 633 519
Impairment of goodwill 1,098 0 0
Net insurance recoveries – Geismar Incident (126) (232) (40)
Other (income) expense – net 186 (45) 51
Total costs and expenses 6,948 5,800 5,428
Operating income 383 1,609 1,407
Equity earnings (losses) 335 228 104
Impairment of equity-method investments (1,359) 0 0
Other investing income (loss) – net 2 2 (1)
Interest incurred (864) (683) (477)
Interest capitalized 53 121 90
Other income (expense) – net 93 36 26
Income (loss) before income taxes (1,357) 1,313 1,149
Provision (benefit) for income taxes 1 29 30
Net income (loss) (1,358) 1,284 1,119
Less: Net income attributable to noncontrolling interests 91 96 3
Net income (loss) attributable to controlling interests (1,449) 1,188 1,116
Allocation of net income (loss) for calculation of earnings per common unit:      
Net income (loss) attributable to controlling interests (1,449) 1,188 1,116
Allocation of net income (loss) to general partner 384 756 505
Allocation of net income (loss) to Class B units (46) 0 0
Allocation of net income (loss) to Class D units 68 73 0
Allocation of net income (loss) to common units $ (1,855) $ 359 $ 611
Diluted earnings (loss) per common unit      
Net income (loss) per common unit $ (3.27) $ 0.99 $ 1.76
Weighted-average number of common units outstanding (thousands) 567,275 361,968 346,307
Diluted earnings (loss) per common unit      
Diluted net income (loss) per common unit $ (3.27) $ 0.99 $ 1.76
Diluted weighted-average number of common units outstanding (thousands) 567,275 361,968 346,307
Cash distributions per common unit $ 3.4000 $ 3.5995 $ 3.4800
Other Comprehensive Income (Loss):      
Net unrealized gain (loss) from derivative instruments $ 6 $ (1) $ 1
Reclassifications into earnings of net derivative instruments (gain) loss (7) 0 0
Foreign currency translation adjustments (173) (89) (56)
Other comprehensive income (loss) (174) (90) (55)
Comprehensive income (loss) (1,532) 1,194 1,064
Less: Comprehensive income (loss) attributable to noncontrolling interests 91 96 3
Comprehensive income (loss) attributable to controlling interests $ (1,623) $ 1,098 $ 1,061