XML 19 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Service revenues $ 5,173 $ 5,135 $ 3,888
Product sales 2,318 2,196 3,521
Total revenues 7,491 7,331 7,409
Costs and expenses:      
Product costs 1,728 1,779 3,016
Operating and maintenance expenses 1,548 1,625 1,277
Depreciation and amortization expenses 1,720 1,702 1,151
Selling, general, and administrative expenses 630 684 633
Impairment of goodwill (Note 17) 0 1,098 0
Impairment of certain assets (Note 17) 457 145 52
Net insurance recoveries – Geismar Incident (7) (126) (232)
Other (income) expense – net 118 41 (97)
Total costs and expenses 6,194 6,948 5,800
Operating income (loss) 1,297 383 1,609
Equity earnings (losses) 397 335 228
Impairment of equity-method investments (Note 17) (430) (1,359) 0
Other investing income (loss) – net 29 2 2
Interest incurred (949) (864) (683)
Interest capitalized 33 53 121
Other income (expense) – net 62 93 36
Income (loss) before income taxes 439 (1,357) 1,313
Provision (benefit) for income taxes (80) 1 29
Net income (loss) 519 (1,358) 1,284
Less: Net income attributable to noncontrolling interests 88 91 96
Net income (loss) attributable to controlling interests 431 (1,449) 1,188
Allocation of net income (loss) for calculation of earnings per common unit:      
Net income (loss) attributable to controlling interests 431 (1,449) 1,188
Allocation of net income (loss) to general partner 517 384 756
Allocation of net income (loss) to Class B units 12 (46) 0
Allocation of net income (loss) to Class D units 0 68 73
Allocation of net income (loss) to common units $ (98) $ (1,855) $ 359
Basic earnings (loss) per common unit      
Basic net income (loss) per common unit $ (0.17) $ (3.27) $ 0.99
Basic weighted-average number of common units outstanding (thousands) 592,519 567,275 361,968
Diluted earnings per common unit:      
Diluted net income (loss) per common unit $ (0.17) $ (3.27) $ 0.99
Diluted weighted-average number of common units outstanding 592,519 567,275 361,968
Cash distributions per common unit $ 3.4 $ 3.4000 $ 3.5995
Other Comprehensive Income (Loss):      
Net unrealized gain (loss) from derivative instruments $ 5 $ 6 $ (1)
Reclassifications into earnings of net derivative instruments (gain) loss (3) (7) 0
Foreign currency translation adjustments 61 (173) (89)
Reclassification into earnings upon sale of foreign entity 108 0 0
Other comprehensive income (loss) 171 (174) (90)
Comprehensive income (loss) 690 (1,532) 1,194
Less: Comprehensive income (loss) attributable to noncontrolling interests 88 91 96
Comprehensive income (loss) attributable to controlling interests $ 602 $ (1,623) $ 1,098