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Partners' Capital and Distributions (Tables)
 6 Months Ended
Jun. 30, 2021
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 SharesClass B SharesClass C Shares
Outstanding at December 31, 2020194,051,436 50,640,192 547,717,762 
Conversion of AAP Management Units (1)
— 414,608 — 
Exchange Right exercises (1)
46,879 (46,879)— 
Redemption Right exercises (1)
— (229,931)229,931 
Repurchase of common units by a subsidiary under Common Equity Repurchase Program (2)
— — (350,000)
Other— — 25,431 
Outstanding at March 31, 2021194,098,315 50,777,990 547,623,124 
Exchange Right exercises (1)
25,554 (25,554)— 
Redemption Right exercises (1)
— (535,009)535,009 
Repurchase of common units by a subsidiary under Common Equity Repurchase Program— — (4,940,592)
Other— — 256,321 
Outstanding at June 30, 2021194,123,869 50,217,427 543,473,862 
 
 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 
(1)See Note 12 to our Consolidated Financial Statements included in Part IV of our 2020 Annual Report on Form 10-K for information regarding conversions of AAP Management Units, Exchange Rights and Redemption Rights.
(2)Trades for these units were executed in late December 2020, but settled in early January 2021.
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 six months of 2021 from distributions received from PAA (in millions):
 
Distributions to AAP’s Partners
Distribution Payment DateNoncontrolling InterestsPAGPTotal Cash Distribution
August 13, 2021 (1)
$9 $35 $44 
May 14, 2021$9 $35 $44 
February 12, 2021$9 $35 $44 
(1)Payable to unitholders of record at the close of business on July 30, 2021 for the period from April 1, 2021 through June 30, 2021.
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 six months of 2021 (in millions, except per share data):

Distribution Payment DateDistributions to
Class A Shareholders		Distributions per
Class A Share
August 13, 2021 (1)
$35 $0.18 
May 14, 2021$35 $0.18 
February 12, 2021$35 $0.18 
(1)Payable to shareholders of record at the close of business on July 30, 2021 for the period from April 1, 2021 through June 30, 2021.
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 six months of 2021 (in millions, except per unit data):
Series A Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
August 13, 2021 (1)
$37 $0.525 
May 14, 2021$37 $0.525 
February 12, 2021$37 $0.525 
(1)Payable to unitholders of record at the close of business on July 30, 2021 for the period from April 1, 2021 through June 30, 2021. At June 30, 2021, 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 to PAA’s Series B preferred unitholders (in millions, except per unit data):
Series B Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
May 17, 2021$24.5 $30.625 
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 six months of 2021 (in millions, except per unit data):
 DistributionsCash Distribution 
per Common Unit
Common UnitholdersTotal Cash Distribution
Distribution Payment DatePublic AAP
August 13, 2021 (1)
$85 $44 $129 $0.18 
May 14, 2021$86 $44 $130 $0.18 
February 12, 2021$86 $44 $130 $0.18 
(1)Payable to unitholders of record at the close of business on July 30, 2021 for the period from April 1, 2021 through June 30, 2021.