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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 607 $ 538
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 403 352
Equity-indexed compensation expense 33 40
Inventory valuation adjustments 35 3
Deferred income tax expense 76 21
(Gain)/loss on foreign currency revaluation (20) 1
Settlement of terminated interest rate hedging instruments (29) (50)
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) 0 (42)
Equity earnings in unconsolidated entities (201) (133)
Distributions on earnings from unconsolidated entities 222 151
Other 19 13
Changes in assets and liabilities, net of acquisitions 770 (258)
Net cash provided by operating activities 1,915 636
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (1,282) (282)
Investments in unconsolidated entities (356) (171)
Additions to property, equipment and other (778) (1,030)
Proceeds from sales of assets 407 638
Return of investment from unconsolidated entities 21  
Cash received for sales of linefill and base gas 23  
Other investing activities 2 (9)
Net cash used in investing activities (1,963) (854)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under PAA commercial paper program (Note 8) (115) (617)
Net borrowings under PAA senior secured hedged inventory facility (Note 8) 7 424
Net borrowings under AAP senior secured revolving credit facility   44
Repayments of PAA senior notes (Note 8) (400) (175)
Net proceeds from the sale of Class A shares (Note 9) 1,535  
Net proceeds from the sale of Series A preferred units by a subsidiary   1,569
Net proceeds from the sale of common units by a subsidiary (Note 9) 129 283
Distributions paid to Class A shareholders (Note 9) (225) (179)
Distributions paid to noncontrolling interests (Note 9) (945) (1,112)
Other financing activities 46 (19)
Net cash provided by financing activities 32 218
Effect of translation adjustment on cash 2 4
Net increase/(decrease) in cash and cash equivalents (14) 4
Cash and cash equivalents, beginning of period 50 30
Cash and cash equivalents, end of period 36 34
Cash paid for:    
Interest, net of amounts capitalized 325 323
Income taxes, net of amounts refunded $ 47 $ 78