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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 402 $ 177
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 122 114
Equity-indexed compensation expense 12 4
Deferred income tax expense 96 9
(Gain)/loss on foreign currency revaluation (3) (3)
Equity earnings in unconsolidated entities (53) (47)
Distributions from unconsolidated entities 52 52
Other 10 7
Changes in assets and liabilities, net of acquisitions 177 318
Net cash provided by operating activities 815 631
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (1,254) (85)
Investments in unconsolidated entities (123) (75)
Additions to property, equipment and other (275) (372)
Proceeds from sales of assets 161 246
Other investing activities 0 (1)
Net cash used in investing activities (1,491) (287)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under PAA commercial paper program (Note 8) 149 (1,211)
Net repayments under PAA senior secured hedged inventory facility (Note 8) (501) (300)
Net borrowings under AAP senior secured revolving credit facility 0 34
Repayments of PAA senior notes (Note 8) (400) 0
Net proceeds from the sale of Class A shares (Note 9) 1,535 0
Net proceeds from the sale of Series A preferred units by a subsidiary 0 1,570
Net proceeds from the sale of common units by a subsidiary (Note 9) 129 0
Distributions paid to Class A shareholders (Note 9) (57) (55)
Distributions paid to noncontrolling interests (Note 9) (315) (375)
Other financing activities 127 (1)
Net cash provided by/(used in) financing activities 667 (338)
Effect of translation adjustment on cash 0 4
Net increase/(decrease) in cash and cash equivalents (9) 10
Cash and cash equivalents, beginning of period 50 30
Cash and cash equivalents, end of period 41 40
Cash paid for:    
Interest, net of amounts capitalized 92 88
Income taxes, net of amounts refunded $ 27 $ 16