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CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Plains Oryx Permian Basin LLC
Joint Venture Formation
Cactus II Pipeline LLC
Noncontrolling Interests
Noncontrolling Interests
Plains Oryx Permian Basin LLC
Joint Venture Formation
Noncontrolling Interests
Cactus II Pipeline LLC
Limited Partners
Class A Shares
Partners’ Capital
Limited Partners
Class A Shares
Partners’ Capital
Plains Oryx Permian Basin LLC
Joint Venture Formation
Balance, beginning of period at Dec. 31, 2020 $ 11,190     $ 9,726     $ 1,464  
Increase (Decrease) in Partners' Capital                
Net income 600     540     60  
Distributions (Note 11) (729)     (589)     (140)  
Deferred tax asset (Note 14) (42)           (42)  
Other comprehensive income/(loss) (Note 11) 65     48     17  
Equity-indexed compensation expense 20     14     6  
Repurchase of common units by a subsidiary (Note 11) (178)     (180)     2  
Contributions from noncontrolling interests 1     1        
Partners' capital impact of business combination (Note 7)   $ 3,256     $ 3,090     $ 166
Other (6)     (6)        
Balance, end of period at Dec. 31, 2021 14,177     12,644     1,533  
Increase (Decrease) in Partners' Capital                
Net income 1,163     995     168  
Distributions (Note 11) (1,083)     (921)     (162)  
Deferred tax asset (Note 14) 5           5  
Other comprehensive income/(loss) (Note 11) (101)     (73)     (28)  
Equity-indexed compensation expense 33     23     10  
Repurchase of common units by a subsidiary (Note 11) (74)     (76)     2  
Contributions from noncontrolling interests 26     26        
Partners' capital impact of business combination (Note 7)   $ (26) $ 526   $ (23) $ 526   $ (3)
Other (8)     (7)     (1)  
Balance, end of period at Dec. 31, 2022 14,638     13,114     1,524  
Increase (Decrease) in Partners' Capital                
Net income 1,425     1,227     198  
Distributions (Note 11) (1,330)     (1,121)     (209)  
Deferred tax asset (Note 14) (2)           (2)  
Other comprehensive income/(loss) (Note 11) 118     85     33  
Equity-indexed compensation expense 37     26     11  
Contributions from noncontrolling interests 106     106        
Other (20)     (13)     (7)  
Balance, end of period at Dec. 31, 2023 $ 14,972     $ 13,424     $ 1,548