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Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Investments in Affiliates

Equity method investments comprise the following as of the dates indicated:


	June 30, 2019				December 31, 2018
	Ownership	Investment Amount		Ownership	Investment Amount
Amberjack – Series A / Series B	75.0% / 50.0%	$	441	75.0% / 50.0%	$	458
Mars	71.5%	162		71.5%	169
Bengal	50.0%	84		50.0%	82
Permian Basin	50.0%	79		50.0%	72
LOCAP	41.48%	8		41.48%	8
Explorer⁽¹⁾	38.59%	92		12.62%	—
Poseidon	36.0%	—		36.0%	—
Colonial ⁽¹⁾	16.125%	30		6.0%	—
Proteus	10.0%	16		10.0%	16
Endymion	10.0%	18		10.0%	18
		$	930		$	823

⁽¹⁾As part of the June 2019 Acquisition, these interests have been accounted for prospectively. See below for additional information.

Schedule of Equity Investments in Affiliates Balance Affected

Earnings from our equity method investments were as follows during the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2019		2018		2019		2018
Amberjack ⁽¹⁾	$	31	$	16	$	63	$	16
Mars	29		21		58		46
Bengal	5		6		10		10
Explorer ⁽²⁾	7		—		7		—
Colonial ⁽²⁾	4		—		4		—
Poseidon⁽³⁾	—		—		—		6
Other⁽⁴⁾	4		5		8		10
	$	80	$	48	$	150	$	88

⁽¹⁾We acquired an interest in Amberjack in May 2018. The acquisition of this interest has been accounted for prospectively.

⁽²⁾As stated above, we acquired additional interests in Explorer and Colonial in June 2019. The acquisition of these interests has been accounted for prospectively.

⁽³⁾As stated above, the equity method of accounting has been suspended for Poseidon and excess distributions are recorded in Other income.

(4) Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.

Summary of Income Statement Data for Equity Method Investments

The following tables present aggregated selected unaudited income statement data for our equity method investments on a 100% basis. However, during periods in which an acquisition occurs, the selected unaudited income statement data is pro-rated based on the number of days in which the Partnership owned and accounted for the investment under the equity method of accounting.


	Three Months Ended June 30, 2019
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Amberjack	$	74	$	17	$	57	$	58
Mars	67		26		41		42
Bengal	19		9		10		10
Explorer⁽¹⁾	37		13		24		18
Colonial ⁽²⁾	88		44		44		27
Poseidon	34		8		26		23
Other ⁽³⁾	56		37		19		17

⁽¹⁾Our additional interest in Explorer was acquired on June 6, 2019. Explorer's total revenues, total operating expenses and operating income (on a 100% basis) were $133 million, $48 million and $85 million, respectively.

⁽²⁾Our additional interest in Colonial was acquired on June 6, 2019. Colonial's total revenues, total operating expenses and operating income (on a 100% basis) were $325 million, $164 million and $161 million, respectively.

⁽³⁾ Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.


	Six Months Ended June 30, 2019
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Amberjack	$	155	$	36	$	119	$	120
Mars	130		48		82		83
Bengal	37		16		21		21
Explorer ⁽¹⁾	37		13		24		18
Colonial⁽²⁾	88		44		44		27
Poseidon	65		17		48		43
Other⁽³⁾	86		55		31		26

⁽¹⁾Our additional interest in Explorer was acquired on June 6, 2019. Explorer's total revenues, total operating expenses and operating income (on a 100% basis) were $222 million, $94 million and $128 million, respectively.

⁽²⁾Our additional interest in Colonial was acquired on June 6, 2019. Colonial's total revenues, total operating expenses and operating income (on a 100% basis) were $696 million, $330 million and $366 million, respectively.

⁽³⁾ Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.


	Three Months Ended June 30, 2018
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Amberjack ⁽¹⁾	$	40	$	10	$	30	$	30
Mars	52		22		30		30
Bengal	18		7		11		11
Poseidon	27		8		19		17
Other⁽²⁾	39		15		24		21

⁽¹⁾Our interest in Amberjack was acquired on May 11, 2018. Amberjack’s total revenues, total operating expenses and operating income (on a 100% basis) were $70 million, $17 million and $53 million, respectively.

⁽²⁾Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.


	Six Months Ended June 30, 2018
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Amberjack ⁽¹⁾	$	40	$	10	$	30	$	30
Mars	109		43		66		66
Bengal	33		14		19		19
Poseidon	56		17		39		36
Other ⁽²⁾	75		30		45		40

⁽¹⁾Our interest in Amberjack was acquired on May 11, 2018. Amberjack’s total revenues, total operating expenses and operating income (on a 100% basis) were $132 million, $36 million and $96 million, respectively.

⁽²⁾Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.