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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Total revenues $ 7,886 $ 8,792 $ 24,515 $ 25,269
COSTS AND EXPENSES        
Purchases and related costs 6,855 7,768 21,218 22,838
Field operating costs 316 326 983 931
General and administrative expenses 75 75 229 235
Depreciation and amortization 157 129 441 386
(Gains)/losses on asset sales and asset impairments, net (7) 2 (7) (79)
Total costs and expenses 7,396 8,300 22,864 24,311
OPERATING INCOME 490 492 1,651 958
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 102 110 274 281
Gain on investment in unconsolidated entities 4 210 271 210
Interest expense (net of capitalized interest of $7, $8, $29 and $21, respectively) (108) (110) (311) (327)
Other income/(expense), net 5 (3) 23 8
INCOME BEFORE TAX 493 699 1,908 1,130
Current income tax expense (19) (14) (72) (34)
Deferred income tax expense (43) (9) (65) (50)
NET INCOME 431 676 1,771 1,046
Net income attributable to noncontrolling interests (361) (565) (1,488) (892)
NET INCOME ATTRIBUTABLE TO PAGP $ 70 $ 111 $ 283 $ 154
Class A Shares        
OTHER INCOME/(EXPENSE)        
BASIC NET INCOME PER CLASS A SHARE (in dollars per share) $ 0.41 $ 0.70 $ 1.73 $ 0.98
DILUTED NET INCOME PER CLASS A SHARE (in dollars per share) $ 0.41 $ 0.70 $ 1.72 $ 0.98
BASIC WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares) 168 158 163 157
DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares) 168 158 165 157
Supply and Logistics        
REVENUES        
Total revenues $ 7,541 $ 8,482 $ 23,477 $ 24,374
Transportation        
REVENUES        
Total revenues 196 161 581 458
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 102 110 274 281
Facilities        
REVENUES        
Total revenues $ 149 $ 149 $ 457 $ 437