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Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues and Other Income    
Operating revenues $ 267 $ 302
Equity in earnings of affiliates 136 119
Other income 1 2
Total revenues and other income 404 423
Costs and Expenses    
Operating and maintenance expenses 88 139
Depreciation 30 29
General and administrative expenses 17 18
Taxes other than income taxes 11 11
Interest and debt expense 29 27
Other expenses 2 0
Total costs and expenses 177 224
Income before income taxes 227 199
Income tax expense 1 1
Net Income 226 198
Less: Preferred unitholders’ interest in net income 10 10
Less: General partner’s interest in net income 0 69
Limited partners’ interest in net income $ 216 $ 119
Common Units    
Net Income Per Limited Partner Unit (dollars)    
Common units - basic (in dollars per share) $ 0.95 $ 0.96
Common units - diluted (in dollars per share) $ 0.93 $ 0.92
Weighted-Average Limited Partner Units Outstanding (thousands)    
Common units—basic (in shares) 228,312,261 124,257,933
Common units—diluted (in shares) 242,132,000 138,078,000
Affiliated Entity    
Revenues and Other Income    
Operating revenues $ 258 $ 296
Third Party    
Revenues and Other Income    
Operating revenues $ 9 $ 6