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Consolidated Statement of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Service revenues $ 1,252 $ 1,232 $ 3,688 $ 3,655
Product sales 655 560 1,613 1,678
Total revenues 1,907 1,792 5,301 5,333
Costs and expenses:        
Product costs 463 426 1,183 1,383
Operating and maintenance expenses 385 394 1,153 1,205
Depreciation and amortization expenses 426 423 1,293 1,261
Selling, general, and administrative expenses 147 156 467 513
Net insurance recoveries - Geismar Incident 0 0 0 (126)
Impairment of long-lived assets 1 2 403 29
Other (income) expense - net 59 5 107 33
Total costs and expenses 1,481 1,406 4,606 4,298
Operating income 426 386 695 1,035
Equity earnings (losses) 104 92 302 236
Impairment of equity-method investments 0 (461) (112) (461)
Other investing income (loss) - net 28 0 29 1
Interest incurred (236) (216) (715) (640)
Interest capitalized 7 11 26 40
Other income (expense) - net 16 22 43 70
Income (loss) before income taxes 345 (166) 268 281
Provision (benefit) for income taxes (6) 1 (85) 4
Net income (loss) 351 (167) 353 277
Less: Net income attributable to noncontrolling interests 25 27 67 82
Net Income (loss) attributable to controlling interests 326 (194) 286 195
Allocation of net income (loss) for calculation of earnings per common unit:        
Net Income (loss) attributable to controlling interests 326 (194) 286 195
Allocation of net income (loss) to general partner 72 1 481 412
Allocation of net income (loss) to Class B units 7 (5) (6) (6)
Allocation of net income (loss) to Class D units 0 0 0 68
Allocation of net income (loss) to common units $ 247 $ (190) $ (189) $ (279)
Basic earnings per common unit:        
Basic net income (loss) per common unit $ 0.42 $ (0.32) $ (0.32) $ (0.50)
Basic weighted-average number of common units outstanding (thousands) 591,304 586,722 589,498 560,432
Diluted earnings per common unit:        
Diluted net income (loss) per common unit $ 0.42 $ (0.32) $ (0.32) $ (0.50)
Diluted weighted-average number of common units outstanding (thousands) 591,567 586,722 589,498 560,432
Cash distributions per common unit $ 0.85 $ 0.85 $ 2.55 $ 2.55
Other Comprehensive Income (Loss):        
Net unrealized gain (loss) from derivative instruments $ 2 $ 6 $ 2 $ 6
Reclassifications into earnings of net derivative instruments (gain) loss 0 (4) 0 (4)
Foreign currency translation adjustments (16) (64) 61 (137)
Reclassification into earnings upon sale of foreign entity 108 0 108 0
Other comprehensive income (loss) 94 (62) 171 (135)
Comprehensive income (loss) 445 (229) 524 142
Less: Comprehensive income attributable to noncontrolling interests 25 27 67 82
Comprehensive income (loss) attributable to controlling interests $ 420 $ (256) $ 457 $ 60