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Consolidated Statements of Changes in Members' Equity - USD ($)
$ in Millions
Total
Series B Preferred Units
Series C Preferred Units
Common Units
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
Non-Controlling Interest
Series B Preferred Units
Non-Controlling Interest
Series C Preferred Units
Redeemable Non-controlling interest (Temporary Equity)
Member equity, beginning balance at Dec. 31, 2020 $ 3,213.0     $ 1,508.8 $ (15.3) $ 1,719.5      
Units outstanding, beginning balance (in shares) at Dec. 31, 2020       489,400,000          
Increase (Decrease) in Members' Equity                  
Conversion of unit-based awards for common units, net of units withheld for taxes (2.0)     $ (2.0)          
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)       1,000,000.0          
Unit-based compensation 23.6     $ 23.6          
Contributions from non-controlling interests 3.2         3.2      
Distributions (317.4)     (186.8)   (130.6)     $ (0.2)
Unrealized gain on designated cash flow hedge [2] 13.9 [1]       13.9        
Fair value adjustment related to redeemable non-controlling interest / Adjustment related to the redemption of the mandatorily redeemable non-controlling interest (0.1)               0.2
Redemption and repurchase of preferred units   $ (50.0)         $ (50.0)    
Common units repurchased $ (40.1)     $ (40.1)          
Common units repurchased (in shares) (6,091,001)     (6,100,000)          
Net income $ 142.9     $ 22.4   120.5      
Member equity, end balance at Dec. 31, 2021 2,987.0     $ 1,325.8 (1.4) 1,662.6      
Units outstanding, end balance (in shares) at Dec. 31, 2021       484,300,000          
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2020                 0.0
Increase (Decrease) in Temporary Equity                  
Distributions (317.4)     $ (186.8)   (130.6)     (0.2)
Fair value adjustment related to redeemable non-controlling interest (0.1)               0.2
Redeemable noncontrolling interest, ending balance at Dec. 31, 2021                 0.0
Increase (Decrease) in Members' Equity                  
Conversion of unit-based awards for common units, net of units withheld for taxes (16.1)     $ (16.1)          
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)       3,100,000          
Unit-based compensation 31.8     $ 31.8          
Contributions from non-controlling interests 32.9         32.9      
Distributions (384.3)     (221.4)   (162.9)     0.0
Unrealized gain on designated cash flow hedge [3] 1.4 [1]       1.4        
Redemption and repurchase of preferred units   $ (50.5) $ (15.2)       $ (50.5) $ (15.2)  
Common units repurchased $ (175.0)     $ (175.0)          
Common units repurchased (in shares) (18,374,054)     (18,400,000)          
Net income $ 500.7     $ 361.3   139.4      
Member equity, end balance at Dec. 31, 2022 $ 2,912.7     $ 1,306.4 0.0 1,606.3      
Units outstanding, end balance (in shares) at Dec. 31, 2022 468,980,630     469,000,000.0          
Increase (Decrease) in Temporary Equity                  
Distributions $ (384.3)     $ (221.4)   (162.9)     0.0
Redeemable noncontrolling interest, ending balance at Dec. 31, 2022                 $ 0.0
Increase (Decrease) in Members' Equity                  
Conversion of unit-based awards for common units, net of units withheld for taxes (19.6)     $ (19.6)          
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)       3,000,000.0          
Unit-based compensation 19.2     $ 19.2          
Contributions from non-controlling interests 69.5         69.5      
Distributions (408.8)     (236.2)   (172.6)      
Unrealized gain on designated cash flow hedge [4] 0.7 [1]       0.7        
Redemption and repurchase of preferred units     $ (13.1)         $ (13.1)  
Common units repurchased $ (234.8)     $ (234.8)          
Common units repurchased (in shares) (20,377,407)     (20,400,000)          
Accrued common unit repurchase [5] $ (41.5)     $ (41.5)          
Net income 350.0     206.2   143.8      
Member equity, end balance at Dec. 31, 2023 $ 2,635.1     $ 1,000.5 $ 0.7 1,633.9      
Units outstanding, end balance (in shares) at Dec. 31, 2023 451,614,086     451,600,000          
Increase (Decrease) in Temporary Equity                  
Distributions $ (408.8)     $ (236.2)   $ (172.6)      
[1] Includes tax expense of $0.2 million, $0.5 million, and $4.3 million for the years ended December 31, 2023, 2022, and 2021, respectively.
[2] Includes tax expense of $4.3 million.
[3] Includes tax expense of $0.5 million.
[4] Includes tax expense of $0.2 million.
[5] Relates to the repurchase of ENLC common units held by GIP, which are contractually subject to repurchase by ENLC at the end of each quarter and settled in the subsequent quarter. As of December 31, 2023, we accrued $41.5 million in connection with the repurchase of ENLC common units held by GIP. For additional information, see “Note 10—Members’ Equity.”