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Partners' Capital and Distributions (Tables)
 9 Months Ended
Sep. 30, 2019
Partners' Capital and Distributions  
Schedule of activity for Class A shares, Class B shares and Class C shares
The following tables present the activity for our Class A shares, Class B shares and Class C shares:
 
Class A Shares
 
Class B Shares
 
Class C Shares
Outstanding at December 31, 2018
159,485,588

 
119,604,338

 
516,938,280

Redemption Right exercises (1)
—

 
(91,672
)
 
91,672

Other
—

 
—

 
226,814

Outstanding at March 31, 2019
159,485,588

 
119,512,666

 
517,256,766

Exchange Right exercises (1)
7,331,745

 
(7,331,745
)
 
—

Redemption Right exercises (1)
—

 
(12,193,771
)
 
12,193,771

Other
—

 
—

 
603,456

Outstanding at June 30, 2019
166,817,333

 
99,987,150

 
530,053,993

Exchange Right exercises (1)
15,173,490

 
(15,173,490
)
 
—

Redemption Right exercises (1)
—

 
(16,254,598
)
 
16,254,598

Other
15,186

 
—

 
588,771

Outstanding at September 30, 2019
182,006,009

 
68,559,062

 
546,897,362

 
 
Class A Shares
 
Class B Shares
 
Class C Shares
Outstanding at December 31, 2017
156,111,139

 
126,984,572

 
510,925,432

Exchange Right exercises (1)
907,899

 
(907,899
)
 
—

Redemption Right exercises (1)
 
 
(39,224
)
 
39,224

Issuance of Series A preferred units by a subsidiary
—

 
—

 
1,393,926

Other
—

 
—

 
17,766

Outstanding at March 31, 2018
157,019,038

 
126,037,449

 
512,376,348

Exchange Right exercises (1)
935,092

 
(935,092
)
 
—

Redemption Right exercises (1)
—

 
(3,084,027
)
 
3,084,027

Outstanding at June 30, 2018
157,954,130

 
122,018,330

 
515,460,375

Exchange Right exercises (1)
1,195,405

 
(1,195,405
)
 
—

Redemption Right exercises (1)
—

 
(183,225
)
 
183,225

Other
11,250

 
—

 
494,400

Outstanding at September 30, 2018
159,160,785

 
120,639,700

 
516,138,000

 
(1)  
See Note 12 to our Consolidated Financial Statements included in Part IV of our 2018 Annual Report on Form 10-K for information regarding Exchange Rights and Redemption Rights.
AAP  
Partners' Capital and Distributions  
Schedule of distributions The following table details the distributions to AAP’s partners paid during or pertaining to the first nine months of 2019 from distributions received from PAA (in millions):
 
 
Distribution to AAP’s Partners
Distribution Payment Date
 
Noncontrolling Interests
 
PAGP
 
Total Cash Distributions
November 14, 2019 (1)
 
$
25

 
$
66

 
$
91

August 14, 2019
 
$
36

 
$
60

 
$
96

May 15, 2019
 
$
44

 
$
57

 
$
101

February 14, 2019
 
$
36

 
$
48

 
$
84

 
(1) 
Payable to unitholders of record at the close of business on October 31, 2019 for the period from July 1, 2019 through September 30, 2019.
Class A Shares  
Partners' Capital and Distributions  
Schedule of distributions
The following table details distributions to our Class A shareholders paid during or pertaining to the first nine months of 2019 (in millions, except per share data):
Distribution Payment Date
 
Distributions to
Class A Shareholders
 
Distributions per
Class A Share
November 14, 2019 (1)
 
$
66

 
$
0.36

August 14, 2019
 
$
60

 
$
0.36

May 15, 2019
 
$
57

 
$
0.36

February 14, 2019
 
$
48

 
$
0.30

 
(1)  
Payable to shareholders of record at the close of business on October 31, 2019 for the period from July 1, 2019 through September 30, 2019.
Series A Preferred Units | PAA  
Partners' Capital and Distributions  
Schedule of distributions The following table details distributions to PAA’s Series A preferred unitholders paid during or pertaining to the first nine months of 2019 (in millions, except per unit data):
 
 
Series A Preferred Unitholders
Distribution Payment Date
 
Cash Distribution
 
 
Distribution per Unit
November 14, 2019 (1)
 
$
37

 
 
$
0.525

August 14, 2019
 
$
37

 
 
$
0.525

May 15, 2019
 
$
37

 
 
$
0.525

February 14, 2019
 
$
37

 
 
$
0.525

 
(1) 
Payable to unitholders of record at the close of business on October 31, 2019 for the period from July 1, 2019 through September 30, 2019. At September 30, 2019, such amount was accrued to distributions payable in “Other current liabilities” on our Condensed Consolidated Balance Sheet.
Series B Preferred Units | PAA  
Partners' Capital and Distributions  
Schedule of distributions The following table details distributions paid or to be paid to PAA’s Series B preferred unitholders during the first nine months of 2019 (in millions, except per unit data):
 
 
Series B Preferred Unitholders
Distribution Payment Date
 
Cash Distribution
 
 
Distribution per Unit
November 15, 2019 (1)
 
$
24.5

 
 
$
30.625

May 15, 2019
 
$
24.5

 
 
$
30.625

 

(1) 
Payable to unitholders of record at the close of business on November 1, 2019 for the period from May 15, 2019 through November 14, 2019.
Common Units | PAA  
Partners' Capital and Distributions  
Schedule of distributions The following table details distributions to PAA’s common unitholders paid during or pertaining to the first nine months of 2019 (in millions, except per unit data):
 
 
Distributions
 
 
Cash Distribution per Common Unit
 
 
Common Unitholders
 
Total Cash Distribution
 
 
Distribution Payment Date
 
Public
 
AAP
 
 
 
November 14, 2019 (1)
 
$
171

 
$
91

 
$
262

 
 
$
0.36

August 14, 2019
 
$
166

 
$
96

 
$
262

 
 
$
0.36

May 15, 2019
 
$
161

 
$
101

 
$
262

 
 
$
0.36

February 14, 2019
 
$
134

 
$
84

 
$
218

 
 
$
0.30

 
(1) 
Payable to unitholders of record at the close of business on October 31, 2019 for the period from July 1, 2019 through September 30, 2019.