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Note 11 - Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
NET EARNINGS PER UNIT (in millions, except per unit amounts)
 
Years Ended December 31,
 
2016
 
2015
 
2014
Net earnings
$
315

 
$
249

 
$
56

Net earnings attributable to noncontrolling interest
—

 
(20
)
 
(3
)
Special allocation of net earnings (“Special Allocation”) (a)
3

 
—

 
7

Net earnings, excluding noncontrolling interest and including special allocations
318

 
229

 
60

General partner’s distributions
(10
)
 
(6
)
 
(5
)
General partner’s IDRs (b)
(148
)
 
(69
)
 
(41
)
Limited partners’ distributions on common units
(344
)
 
(259
)
 
(157
)
Limited partner’s distributions on subordinated units (c)
—

 
—

 
(14
)
Distributions greater than earnings
$
(184
)
 
$
(105
)
 
$
(157
)
General partner’s earnings:
 
 
 
 
 
Distributions
$
10

 
$
6

 
$
5

General partners IDRs (b)
148

 
69

 
41

Allocation of distributions greater than earnings (d)
(27
)
 
(44
)
 
(49
)
Total general partner’s earnings (loss)
$
131

 
$
31

 
$
(3
)
Limited partners’ earnings on common units:
 
 
 
 
 
Distributions
$
344

 
$
259

 
$
157

Special Allocation
(3
)
 
—

 
(7
)
Allocation of distributions greater than earnings
(157
)
 
(61
)
 
(98
)
Total limited partners’ earnings on common units
$
184

 
$
198

 
$
52

Limited partner’s earnings on subordinated units (c):
 
 
 
 
 
Distributions
$
—

 
$
—

 
$
14

Allocation of distributions greater than earnings
—

 
—

 
(10
)
Total limited partner’s earnings on subordinated units
$
—

 
$
—

 
$
4

Weighted average limited partner units outstanding:
 
 
 
 
 
Common units - basic
98.2

 
84.7

 
54.2

Common unit equivalents
—

 
0.1

 
—

Common units - diluted
98.2

 
84.8

 
54.2

Subordinated units - basic and diluted (c)
—

 
—

 
5.6

Net earnings per limited partner unit:
 
 
 
 
 
Common - basic
$
1.87

 
$
2.33

 
$
0.96

Common - diluted
$
1.87

 
$
2.33

 
$
0.96

Subordinated - basic and diluted
$
—

 
$
—

 
$
0.62


(a)
Normal allocations according to percentage interests are made after giving effect, if any, to priority income allocations in an amount equal to incentive cash distributions fully allocated to the general partner and any special allocations. The adjustment reflects the special allocation to common units held by TLGP for the interest incurred in connection with borrowings on the Dropdown Credit Facility in lieu of using cash on hand to fund the Alaska Storage and Terminalling Assets acquisition during the year ended December 31, 2016.
(b)
IDRs entitle the general partner to receive increasing percentages, up to 50%, of quarterly distributions in excess of $0.3881 per unit per quarter. The amount above reflects earnings distributed to our general partner net of $10 million of IDRs for the year ended December 31, 2015, waived by TLGP.
(c)
On May 16, 2014, the subordinated units were converted into common units on a one-for-one basis and thereafter participate on terms equal with all other common units in distributions of available cash. Distributions and the Partnership’s net earnings were allocated to the subordinated units through May 15, 2014.
(d)
We have revised the historical allocation of general partner earnings to include the Predecessors’ losses of $24 million, $43 million and $46 million for the years ended December 31, 2016, 2015 and 2014, respectively.
Schedule Of Calculation Of Net Income Applicable To Partners [Text Block]
ALLOCATION OF THE GENERAL PARTNER’S INTEREST IN NET EARNINGS (in millions, except percentage of ownership interest)
 
Years Ended December 31,
 
2016
 
2015
 
2014
Net earnings attributable to partners
$
339

 
$
272

 
$
99

General partner’s IDRs
(148
)
 
(69
)
 
(41
)
Special Allocation
3

 
—

 
7

Net earnings available to partners
$
194

 
$
203

 
$
65

General partner’s ownership interest
2.0
%
 
2.0
%
 
2.0
%
General partner’s allocated interest in net earnings
$
4

 
$
4

 
$
1

General partner’s IDRs
148

 
69

 
41

Allocation of Predecessors’ impact to general partner interest
(24
)
 
(43
)
 
(46
)
Total general partner’s interest in net earnings (loss)
$
128

 
$
30

 
$
(4
)
Schedule of Stockholders Equity [Table Text Block]
CHANGES IN THE NUMBER OF UNITS OUTSTANDING (in million units)
 
Common
 
Subordinated
 
General Partner
 
Total
At December 31, 2013
39.1

 
15.3

 
1.1

 
55.5

Issuances under ATM Program
0.2

 
—

 
—

 
0.2

Conversion in May 2014 of Tesoro’s subordinated units to common units
15.3

 
(15.3
)
 
—

 
—

Issuance in July 2014 in connection with the West Coast Logistics Assets acquisition
0.3

 
—

 
—

 
0.3

Issuance in August 2014 used primarily to redeem a portion of our 5.875% Senior Notes due 2020
2.1

 
—

 
—

 
2.1

Issuance in October 2014 to fund the Rockies Natural Gas Business Acquisition
23.0

 
—

 
0.5

 
23.5

Unit-based compensation awards
0.1

 
—

 
—

 
0.1

At December 31, 2014
80.1

 
—

 
1.6

 
81.7

Issuances under ATM Program
1.9

 
—

 
—

 
1.9

Issuance in July 2015 to effect the QEPM Merger
7.1

 
—

 
—

 
7.1

Issuance in November 2015 in connection with the LA Storage and Handling Assets acquisition
4.3

 
—

 
0.3

 
4.6

Unit-based compensation awards
0.1

 
—

 
—

 
0.1

At December 31, 2015
93.5

 
—

 
1.9

 
95.4

Issuances under ATM Program
1.4

 
—

 
—

 
1.4

Issuance of units in June 2016 for cash (a)
6.3

 
—

 
—

 
6.3

Issuance in July 2016 in connection with the Alaska Storage and Terminalling Assets acquisition (b)
0.4

 
—

 
0.2

 
0.6

Issuance in September 2016 in connection with the Alaska Storage and Terminalling Assets acquisition (b)
0.4

 
—

 
—

 
0.4

Issuance in November 2016 in connection with the Northern California Terminalling and Storage Assets acquisition (c)
0.9

 
—

 
—

 
0.9

Unit-based compensation awards
0.1

 
—

 
—

 
0.1

At December 31, 2016
103.0

 
—

 
2.1

 
105.1



(a)
In June 2016, we issued common units representing limited partner interests in a registered public offering, including the over-allotment option exercised by the underwriter for the purchase of common units.
(b)
On July 1 and September 16, 2016, we issued general partner and common units to Tesoro and TLGP in connection with the completion of the Alaska Storage and Terminalling Assets acquisition discussed in Note 2.
(c)
On November 21, 2016, we issued common units to Tesoro and TLGP in connection with the Northern California Terminalling and Storage Assets acquisition discussed in Note 2.
Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution [Table Text Block]
The following table illustrates the percentage allocations of available cash from operating surplus between the unitholders and our general partner based on the specified target distribution levels. The amounts set forth under marginal percentage interest in distributions are the percentage interests of our general partner and the unitholders in any available cash from operating surplus we distribute, up to and including the corresponding amount in the column total quarterly distribution per unit target amount. The percentage interests shown for our unitholders and our general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. For illustrative purposes, the percentage interests set forth below for our general partner assume that there are no arrearages on common units, our general partner has contributed any additional capital necessary to maintain its 2% general partner interest and our general partner owns all of the IDRs.

PERCENTAGE ALLOCATION FOR INCENTIVE DISTRIBUTION RIGHTS
 
Total quarterly distribution per unit target amount
 
Marginal percentage interest in distributions
 
 
Unitholders
 
General Partner
 
Incentive Distribution Rights
Minimum Quarterly Distribution
$0.337500
 
 
98%
 
2%
 
—
First Target Distribution
Above $0.337500 up to $0.388125
 
98%
 
2%
 
—
Second Target Distribution
Above $0.388125 up to $0.421875
 
85%
 
2%
 
13%
Third Target Distribution
Above $0.421875 up to $0.506250
 
75%
 
2%
 
23%
Thereafter
Above $0.506250
 
50%
 
2%
 
48%
Distributions Made to Limited Partner, by Distribution [Table Text Block]
TOTAL QUARTERLY CASH DISTRIBUTIONS TO GENERAL AND LIMITED PARTNERS (in millions)
 
Years Ended December 31,
 
2016 (a)
 
2015 (a)
 
2014 (a)
General partner’s distributions:
 
 
 
 
 
General partner’s distributions
$
(10
)
 
$
(6
)
 
$
(5
)
General partner’s IDRs (b)
(148
)
 
(69
)
 
(41
)
Total general partner’s distributions
$
(158
)
 
$
(75
)
 
$
(46
)
 
 
 
 
 
 
Limited partners’ distributions:
 
 
 
 
 
Common
$
(344
)
 
$
(259
)
 
$
(157
)
Subordinated
—

 
—

 
(14
)
Total limited partners’ distributions
(344
)
 
(259
)
 
(171
)
Total Cash Distributions
$
(502
)
 
$
(334
)
 
$
(217
)


(a)
Our distributions are declared subsequent to quarter end; therefore, the following table represents total cash distributions applicable to the period in which the distributions are earned.
(b)
In connection with the Rockies Natural Gas Business Acquisition, our general partner waived its right to $10 million of general partner distributions with respect to IDRs during 2015.