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Consolidated Statement of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Service revenues $ 1,346 $ 1,256
Service revenues – commodity consideration (Note 2) 101 0
Product sales 636 727
Total revenues 2,083 1,983
Costs and expenses:    
Product costs 613 579
Processing commodity expenses (Note 2) 35 0
Operating and maintenance expenses 351 361
Depreciation and amortization expenses 423 433
Selling, general, and administrative expenses 138 156
Other (income) expense – net 31 4
Total costs and expenses 1,591 1,533
Operating income (loss) 492 450
Equity earnings (losses) 82 107
Other investing income (loss) – net (Note 4) 4 271
Interest incurred (218) (221)
Interest capitalized 9 7
Other income (expense) – net 15 49
Income (loss) before income taxes 384 663
Provision (benefit) for income taxes 0 3
Net income (loss) 384 660
Less: Net income (loss) attributable to noncontrolling interests 24 26
Net income (loss) attributable to controlling interests 360 634
Allocation of net income (loss) for calculation of earnings per common unit:    
Net income (loss) attributable to controlling interests 360 634
Allocation of net income (loss) to Class B units 7 11
Allocation of net income (loss) to common units $ 353 $ 623
Basic earnings (loss) per common unit:    
Net income (loss) per common unit $ 0.37 $ 0.68
Weighted-average number of common units outstanding (thousands) 957,279 919,944
Diluted earnings (loss) per common unit:    
Net income (loss) per common unit $ 0.37 $ 0.68
Weighted-average number of common units outstanding (thousands) 957,336 920,250
Cash distributions per common unit $ 0.614 $ 0.60
Other comprehensive income (loss):    
Net unrealized gain (loss) from derivative instruments $ 2 $ 4
Reclassifications into earnings of net derivative instruments (gain) loss 0 (1)
Other comprehensive income (loss) 2 3
Comprehensive income (loss) 386 663
Less: Comprehensive income attributable to noncontrolling interests 24 26
Comprehensive income (loss) attributable to controlling interests $ 362 $ 637