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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Total revenues $ 42,078 $ 23,290 $ 33,669
COSTS AND EXPENSES      
Purchases and related costs 38,504 20,431 29,452
Field operating costs 1,065 1,076 1,303
General and administrative expenses 298 276 302
Depreciation and amortization 777 656 604
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) 592 719 28
Goodwill impairment losses (Note 8) 0 2,515 0
Total costs and expenses 41,236 25,673 31,689
OPERATING INCOME/(LOSS) 842 (2,383) 1,980
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 274 355 388
Gain on/(impairment of) investments in unconsolidated entities, net (Note 9) 2 (182) 271
Interest expense (net of capitalized interest of $18, $24 and $34, respectively) (425) (436) (425)
Other income, net 19 39 24
INCOME/(LOSS) BEFORE TAX 712 (2,607) 2,238
Current income tax expense (50) (51) (112)
Deferred income tax (expense)/benefit (62) 218 (64)
NET INCOME/(LOSS) 600 (2,440) 2,062
Net (income)/loss attributable to noncontrolling interests (540) 1,872 (1,731)
NET INCOME/(LOSS) ATTRIBUTABLE TO PAGP 60 (568) 331
Product sales revenues      
REVENUES      
Total revenues 40,883 22,058 32,272
Services revenues      
REVENUES      
Total revenues $ 1,195 $ 1,232 $ 1,397
Class A Shares      
OTHER INCOME/(EXPENSE)      
Basic weighted average Class A shares outstanding (in shares) 194 186 168
Basic net income/(loss) per Class A share (in dollars per share) $ 0.31 $ (3.06) $ 1.97
Diluted weighted average Class A shares outstanding (in shares) 194 246 170
Diluted net income/(loss) per Class A share (in dollars per share) $ 0.31 $ (3.07) $ 1.96