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Partners' Capital and Distributions (Tables)
 9 Months Ended
Sep. 30, 2020
Partners' Capital and Distributions  
Schedule of activity for preferred units and common units
The following tables present the activity for our Class A shares, Class B shares and Class C shares:

 Class A SharesClass B SharesClass C Shares
Outstanding at December 31, 2019182,138,592 65,785,702 549,538,139 
Conversion of AAP Management Units (1)
— 559,768 — 
Exchange Right exercises (1)
2,101,487 (2,101,487)— 
Redemption Right exercises (1)
— (1,206,599)1,206,599 
Other— — 24,431 
Outstanding at March 31, 2020184,240,079 63,037,384 550,769,169 
Conversion of AAP Management Units (1)
— 35,349 — 
Redemption Right exercises (1)
— (40,679)40,679 
Other20,099 — 27,292 
Outstanding at June 30, 2020184,260,178 63,032,054 550,837,140 
Exchange Right exercises (1)
3,000,000 (3,000,000)— 
Redemption Right exercises (1)
— (2,613,326)2,613,326 
Other26,215 — 349,978 
Outstanding at September 30, 2020187,286,393 57,418,728 553,800,444 
 
 Class A SharesClass B SharesClass C Shares
Outstanding at December 31, 2018159,485,588 119,604,338 516,938,280 
Redemption Right exercises (1)
— (91,672)91,672 
Other— — 226,814 
Outstanding at March 31, 2019159,485,588 119,512,666 517,256,766 
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, 2019166,817,333 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 
Other15,186 — 588,771 
Outstanding at September 30, 2019182,006,009 68,559,062 546,897,362 

(1)See Note 12 to our Consolidated Financial Statements included in Part IV of our 2019 Annual Report on Form 10-K for information regarding conversions of AAP Management Units, 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 2020 from distributions received from PAA (in millions):
 
Distribution to AAP’s Partners
Distribution Payment DateNoncontrolling InterestsPAGPTotal Cash Distributions
November 13, 2020 (1)
$10 $34 $44 
August 14, 2020
$12 $33 $45 
May 15, 2020
$12 $33 $45 
February 14, 2020
$24 $66 $90 

(1)Payable to unitholders of record at the close of business on October 30, 2020 for the period from July 1, 2020 through September 30, 2020.
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 2020 (in millions, except per share data):

Distribution Payment DateDistributions to
Class A Shareholders		Distributions per
Class A Share
November 13, 2020 (1)
$34 $0.18 
August 14, 2020
$33 $0.18 
May 15, 2020
$33 $0.18 
February 14, 2020
$66 $0.36 

(1)Payable to shareholders of record at the close of business on October 30, 2020 for the period from July 1, 2020 through September 30, 2020.
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 2020 (in millions, except per unit data):
Series A Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
November 13, 2020 (1)
$37 $0.525 
August 14, 2020$37 $0.525 
May 15, 2020$37 $0.525 
February 14, 2020$37 $0.525 

(1)Payable to unitholders of record at the close of business on October 30, 2020 for the period from July 1, 2020 through September 30, 2020. At September 30, 2020, such amount was accrued as 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 (in millions, except per unit data):
Series B Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
November 16, 2020 (1)
$24.5 $30.625 
May 15, 2020$24.5 $30.625 

(1)Payable to unitholders of record at the close of business on November 2, 2020 for the period from May 15, 2020 through November 14, 2020.
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 2020 (in millions, except per unit data):
 DistributionsCash Distribution per Common Unit
Common UnitholdersTotal Cash Distribution
Distribution Payment DatePublic AAP
November 13, 2020 (1)
$87 $44 $131 $0.18 
August 14, 2020
$86 $45 $131 $0.18 
May 15, 2020
$86 $45 $131 $0.18 
February 14, 2020$172 $90 $262 $0.36 

(1)Payable to unitholders of record at the close of business on October 30, 2020 for the period from July 1, 2020 through September 30, 2020.