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Consolidated Statement of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Service revenues $ 1,210 $ 1,231 $ 2,436 $ 2,423
Product sales 520 599 948 1,118
Total revenues 1,730 1,830 3,384 3,541
Costs and expenses:        
Product costs 393 494 710 957
Operating and maintenance expenses 386 431 768 811
Depreciation and amortization expenses 432 419 867 838
Selling, general, and administrative expenses 139 164 320 357
Net insurance recoveries - Geismar Incident 0 (126) 0 (126)
Impairment of long-lived assets 396 24 402 27
Other (income) expense - net 24 14 48 28
Total costs and expenses 1,770 1,420 3,115 2,892
Operating income (40) 410 269 649
Equity earnings (losses) 101 93 198 144
Impairment of equity-method investments 0 0 (112) 0
Other investing income (loss) - net 1 0 1 1
Interest incurred (239) (215) (479) (424)
Interest capitalized 8 12 19 29
Other income (expense) - net 12 32 27 48
Income (loss) before income taxes (157) 332 (77) 447
Provision (benefit) for income taxes (80) 0 (79) 3
Net income (loss) (77) 332 2 444
Less: Net income attributable to noncontrolling interests 13 32 42 55
Net Income (loss) attributable to controlling interests (90) 300 (40) 389
Allocation of net income (loss) for calculation of earnings per common unit:        
Net Income (loss) attributable to controlling interests (90) 300 (40) 389
Allocation of net income (loss) to general partner 207 216 409 411
Allocation of net income (loss) to Class B units (8) 1 (12) (1)
Allocation of net income (loss) to Class D units 0 0 0 68
Allocation of net income (loss) to common units $ (289) $ 83 $ (437) $ (89)
Basic earnings per common unit:        
Basic net income (loss) per common unit $ (0.49) $ 0.14 $ (0.74) $ (0.16)
Basic weighted-average number of common units outstanding (thousands) 588,607 586,696 588,585 547,069
Diluted earnings per common unit:        
Diluted net income (loss) per common unit $ (0.49) $ 0.14 $ (0.74) $ (0.16)
Diluted weighted-average number of common units outstanding (thousands) 588,607 587,088 588,585 547,069
Cash distributions per common unit $ 0.85 $ 0.85 $ 1.7 $ 1.7
Other Comprehensive Income (Loss):        
Foreign currency translation adjustments $ 5 $ 14 $ 77 $ (73)
Other comprehensive income (loss) 5 14 77 (73)
Comprehensive income (loss) (72) 346 79 371
Less: Comprehensive income attributable to noncontrolling interests 13 32 42 55
Comprehensive income (loss) attributable to controlling interests $ (85) $ 314 $ 37 $ 316