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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Total revenues $ 9,930 $ 3,225 $ 18,313 $ 11,494
COSTS AND EXPENSES        
Purchases and related costs 9,277 2,525 16,669 9,893
Field operating costs 252 253 471 557
General and administrative expenses 74 74 142 144
Depreciation and amortization 197 166 375 335
(Gains)/losses on asset sales and asset impairments, net 369 (1) 370 618
Goodwill impairment losses       2,515
Total costs and expenses 10,169 3,017 18,027 14,062
OPERATING INCOME/(LOSS) (239) 208 286 (2,568)
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 33 81 121 191
Gain on/(impairment of) investments in unconsolidated entities, net   (69)   (91)
Interest expense (net of capitalized interest of $5, $5, $10 and $11, respectively) (107) (108) (213) (215)
Other income/(expense), net 84 18 23 (13)
INCOME/(LOSS) BEFORE TAX (229) 130 217 (2,696)
Current income tax expense (1) (15) (3) (22)
Deferred income tax (expense)/benefit 18 22 (33) 162
NET INCOME/(LOSS) (212) 137 181 (2,556)
Net (income)/loss attributable to noncontrolling interests 143 (121) (180) 1,991
NET INCOME/(LOSS) ATTRIBUTABLE TO PAGP $ (69) $ 16 $ 1 $ (565)
Class A Shares        
OTHER INCOME/(EXPENSE)        
BASIC NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share) $ (0.35) $ 0.09 $ 0 $ (3.08)
DILUTED NET INCOME/(LOSS) PER CLASS A SHARE (in dollars per share) $ (0.35) $ 0.09 $ 0 $ (3.08)
BASIC WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares) 194 184 194 183
DILUTED WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING (in shares) 194 184 194 183
Supply and Logistics        
REVENUES        
Total revenues $ 9,623 $ 2,925 $ 17,706 $ 10,833
Transportation        
REVENUES        
Total revenues 162 151 299 338
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 31 81 117 189
Facilities        
REVENUES        
Total revenues 145 149 308 323
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities $ 2 $ 0 $ 4 $ 2