Net Income Per Limited Partner Unit (Tables)

3 Months Ended

Mar. 31, 2019

Partners' Capital Notes [Abstract]

Schedule of Allocation of Net Income Attributable to the Partnership to Arrive at Net Income Per Limited Partner Unit

The following tables show the allocation of net income attributable to the Partnership to arrive at net income per limited partner unit:

	Three Months Ended March 31,
	2019		2018
Net income	$	137	$	65
Less:
Net income attributable to noncontrolling interests	5		1
Net income attributable to the Partnership	132		64
Less:
General partner’s distribution declared (1)	26		28
Limited partners’ distribution declared on common units	93		78
Income in excess of / (less than) distributions	$	13	$	(42)

Schedule of Basic and Diluted Net Income Per Unit

	Three Months Ended March 31, 2019
	General Partner		Limited Partners’ Common Units		Total
	(in millions of dollars, except per unit data)
Distributions declared (1)	$	26	$	93	$	119
Income in excess of distributions	1		12		13
Net income attributable to the Partnership	$	27	$	105	$	132
Weighted average units outstanding:
Basic and diluted			223.8
Net income per limited partner unit:
Basic and diluted			$	0.47

⁽¹⁾ This includes the impact of waiving distributions to the holders of IDR’s. See Note 2 - Related Party Transactions for additional  information.

	Three Months Ended March 31, 2018
	General Partner		Limited Partners’ Common Units		Total
	(in millions of dollars, except per unit data)
Distributions declared	$	28	$	78	$	106
Distributions in excess of income	(1)		(41)		(42)
Net income attributable to the Partnership	$	27	$	37	$	64
Weighted average units outstanding:
Basic and diluted			209.4
Net income per limited partner unit:
Basic and diluted			$	0.18