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Equity (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of partners' capital
Changes to Equity (in millions)

 
Three and Six Months Ended June 30, 2019
 
Common
 
Preferred
 
Total
Balance at December 31, 2018
$
4,070

 
$
604

 
$
4,674

Distributions to common and preferred unitholders (a)
(240
)
 
(21
)
 
(261
)
Net earnings attributable to partners
147

 
10

 
157

Contributions (b)
19

 

 
19

Other
1

 

 
1

Balance at March 31, 2019
3,997

 
593

 
4,590

Distributions to common unitholders (a)
(241
)
 

 
(241
)
Net earnings attributable to partners
150

 
10

 
160

Contributions (b)
25

 

 
25

Balance at June 30, 2019
$
3,931

 
$
603

 
$
4,534


 
Three and Six Months Ended June 30, 2018
 
Equity of Predecessors (c)
 
Andeavor Logistics
 
Total
 
 
Common
 
Preferred
 
Balance at December 31, 2017
$
1,292

 
$
2,925

 
$
589

 
$
4,806

Sponsor contributions of assets to the Predecessors
197

 

 

 
197

Loss attributable to the Predecessors
(8
)
 

 

 
(8
)
Distributions to common and preferred unitholders (a)

 
(205
)
 
(8
)
 
(213
)
Net earnings attributable to partners

 
125

 
14

 
139

Contributions (b)

 
16

 

 
16

Cumulative effect of accounting standard adoption

 
(22
)
 

 
(22
)
Other

 

 
(1
)
 
(1
)
Balance at March 31, 2018
1,481

 
2,839

 
594

 
4,914

Sponsor contributions of assets to the Predecessors
139

 

 

 
139

Loss attributable to the Predecessors
(16
)
 

 

 
(16
)
Distributions to common unitholders (a)

 
(206
)
 

 
(206
)
Net earnings attributable to partners

 
138

 
10

 
148

Contributions (b)

 
7

 

 
7

Other

 
1

 

 
1

Balance at June 30, 2018
$
1,604

 
$
2,779

 
$
604

 
$
4,987


(a)
Represents cash distributions declared and paid during the period.
(b)
Includes Marathon and TLGP contributions to us primarily related to reimbursements for capital spending pursuant predominantly to the Amended Omnibus Agreement and the Carson Assets Indemnity Agreement.
(c)
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.

Schedule of quarterly distributions
Quarterly Distributions on Common Units

Quarter Ended
Quarterly Distribution Per Common Unit
 
Total Cash Distribution
(in millions)
 
Date of Distribution
 
Unitholders Record Date
December 31, 2018 (a)
$
1.03

 
$
238

 
February 14, 2019
 
February 5, 2019
March 31, 2019 (a)
1.03

 
240

 
May 15, 2019
 
May 9, 2019

(a)
This distribution is net of $12.5 million waived with respect to units held by our Sponsor and its affiliates for the three months ended March 31, 2019 and $15 million for the three months ended December 31, 2018. These distribution waivers were instituted in 2017 under the terms of our partnership agreement.
Schedule of Earnings Per Share, Basic and Diluted
Net Earnings per Unit (in millions, except per unit amounts)

 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018 (a)
 
2019
 
2018 (a)
Net earnings
$
160

 
$
132

 
$
317

 
$
263

Distributions on Preferred Units (b)

 
(10
)
 

 
(20
)
Net earnings attributable to common units
160

 
122

 
317

 
243

Limited partners’ distributions on common units (c)

 
(209
)
 
(240
)
 
(414
)
Distributions on common units less (greater) than earnings
$
160

 
$
(87
)
 
$
77

 
$
(171
)
General partner’s earnings:
 
 
 
 
 
 
 
Allocation of distributions greater than earnings (d)
$

 
$
(16
)
 
$

 
$
(24
)
Total general partner’s loss
$

 
$
(16
)
 
$

 
$
(24
)
Limited partners’ earnings on common units:
 
 
 
 
 
 
 
Distributions (c)(e)
$

 
$
209

 
$
240

 
$
414

Allocation of distributions less (greater) than earnings
160

 
(71
)
 
77

 
(147
)
Total limited partners’ earnings on common units
$
160

 
$
138

 
$
317

 
$
267

 
 
 
 
 
 
 
 
Weighted average limited partner units outstanding:
 
 
 
 
 
 
 
Common units - basic
245.6

 
217.2

 
245.6

 
217.2

Common units - diluted (f)
245.7

 
217.3

 
245.7

 
217.3

Net earnings per limited partner unit: (g)
 
 
 
 
 
 
 
Common - basic
$
0.65

 
$
0.63

 
$
1.29

 
$
1.23

Common - diluted
$
0.65

 
$
0.63

 
$
1.29

 
$
1.23


(a)
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
(b)
The Preferred Units entitle unitholders to receive preferred distributions on a semi-annual basis. Due to the MPLX Merger, we did not declare a distribution for the first half of 2019.
(c)
We did not declare a distribution for the second quarter of 2019 due to the MPLX Merger.
(d)
We have revised the historical allocation of general partner earnings to include the Predecessors’ losses of $16 million and $24 million for the three and six months ended June 30, 2018, respectively.
(e)
Distributions of earnings for limited partners’ common units for the three months ended June 30, 2018 is net of a $15 million waiver and the six months ended June 30, 2019 and 2018 are net of a $12.5 million and $30 million waiver, respectively, from our Sponsor. There was no waiver for the three months ended June 30, 2019 because we did not declare a distribution for the second quarter of 2019 due to the MPLX Merger.
(f)
Diluted net earnings per unit include the effects of potentially dilutive units on our common units, which consist of unvested phantom units.
(g)
Amounts may not recalculate due to rounding of dollar and unit information.