Net Income per Unit (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Net Income per Unit, Basic and Diluted

A reconciliation of the numerators and denominators of the basic and diluted per unit computations is as follows:

	Year Ended December 31,
	2019		2018			2017
	(in millions, except units and per unit amounts)
Income from continuing operations	$	313	$	58		$	326
Less:
Series A Preferred units	—		2			23
Incentive distribution rights	72		70			85
Distributions on nonvested phantom unit awards	6		6			6
Limited partners’ interest in net income (loss) from continuing operations	$	235	$	(20	)	$	212
Loss from discontinued operations, net of taxes	$	—	$	(265	)	$	(177	)
Weighted average limited partner units outstanding:
Common - basic	82,755,520		84,299,893			99,270,120
Common - equivalents	796,442		520,677			458,234
Common - diluted	83,551,962		84,820,570			99,728,354
Income (loss) from continuing operations per limited partner unit:
Common - basic	$	2.84	$	(0.25	)	$	2.13
Common - diluted	$	2.82	$	(0.25	)	$	2.12
Loss from discontinued operations per limited partner unit:
Common - basic	$	—	$	(3.14	)	$	(1.78	)
Common - diluted	$	—	$	(3.14	)	$	(1.78	)