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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Revenue from contract with customer $ 111.0 $ 139.0 $ 335.0 $ 340.0
Lease revenue – related parties   14.0   42.0
Lease revenue – related parties 14.0   42.0  
Total revenue 125.0 153.0 377.0 382.0
Costs and expenses        
Operations and maintenance – third parties 19.0 21.0 48.0 89.0
Operations and maintenance – related parties 14.0 13.0 44.0 39.0
Cost of product sold – third parties 0.0 1.0 3.0 2.0
Cost of product sold – related parties 10.0 13.0 23.0 21.0
Loss from revision of asset retirement obligation 0.0 0.0 2.0 0.0
General and administrative – third parties 2.0 1.0 8.0 5.0
General and administrative – related parties 14.0 12.0 37.0 39.0
Depreciation, amortization and accretion 12.0 11.0 36.0 34.0
Property and other taxes 5.0 3.0 14.0 13.0
Total costs and expenses 76.0 75.0 215.0 242.0
Operating income 49.0 78.0 162.0 140.0
Income from equity method investments 115.0 73.0 265.0 161.0
Dividend income from other investments 0.0 15.0 14.0 53.0
Other income 8.0 8.0 28.0 24.0
Investment, dividend and other income 123.0 96.0 307.0 238.0
Interest expense, net 26.0 19.0 67.0 43.0
Income before income taxes 146.0 155.0 402.0 335.0
Income tax expense 0.0 0.0 0.0 0.0
Net income 146.0 155.0 402.0 335.0
Less: Net income attributable to noncontrolling interests 5.0 6.0 14.0 11.0
Net income attributable to the Partnership 141.0 149.0 388.0 324.0
Limited Partners’ interest in net income attributable to the Partnership $ 105.0 $ 112.0 $ 295.0 $ 228.0
Net income per Limited Partner Unit - Basic and Diluted:        
Distributions per Limited Partner unit (in dollars per share) $ 0.4450 $ 0.3820 $ 1.2900 $ 1.0950
Shell Pipeline Company L P        
Costs and expenses        
General partner’s interest in net income attributable to the Partnership $ 36.0 $ 37.0 $ 93.0 $ 96.0
Common        
Costs and expenses        
Net income attributable to the Partnership $ 105.0 $ 112.0 $ 295.0 $ 228.0
Net income per Limited Partner Unit - Basic and Diluted:        
Net income per Limited Partner unit (in dollars per share) $ 0.45 $ 0.50 $ 1.30 $ 1.04
Common units – public        
Costs and expenses        
Net income $ 56.0 $ 62.0    
Weighted average Limited Partner Units outstanding - Basic and Diluted:        
Weighted average Limited Partner units outstanding - Common (in shares) 123.8 123.8 123.8 120.6
Common units – public | Shell Pipeline Company L P        
Costs and expenses        
Net income $ 49.0 $ 50.0    
Common units – SPLC | Shell Pipeline Company L P        
Weighted average Limited Partner Units outstanding - Basic and Diluted:        
Weighted average Limited Partner units outstanding - Common (in shares) 109.5 100.0 104.1 98.5
Third Parties | Transportation, Terminaling and Storage Services        
Revenue        
Revenue from contract with customer $ 33.0 $ 58.0 $ 109.0 $ 150.0
Third Parties | Product Revenue        
Revenue        
Revenue from contract with customer 0.0 1.0 4.0 2.0
Related Parties | Transportation, Terminaling and Storage Services        
Revenue        
Revenue from contract with customer 68.0 66.0 196.0 164.0
Related Parties | Product Revenue        
Revenue        
Revenue from contract with customer $ 10.0 $ 14.0 $ 26.0 $ 24.0