Net Income Per Limited Partner Unit (Tables)

3 Months Ended

Mar. 31, 2020

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,
	2020		2019
Net income	$	142	$	137
Less:
Net income attributable to noncontrolling interests	4		5
Net income attributable to the Partnership	138		132
Less:
General partner’s distribution declared (1)	55		26
Limited partners’ distribution declared on common units	107		93
Income (less than)/in excess of distributions	$	(24)	$	13

⁽¹⁾ For the three months ended March 31, 2019, this includes the impact of waived distributions to the holders of IDRs. See Note 2—Related Party Transactions for additional information.

Schedule of Basic and Diluted Net Income Per Unit

	Three Months Ended March 31, 2020
	General Partner		Limited Partners’ Common Units		Total
	(in millions of dollars, except per unit data)
Distributions declared	$	55	$	107	$	162
Income less than distributions	—		(24)		(24)
Net income attributable to the Partnership	$	55	$	83	$	138
Weighted average units outstanding:
Basic and diluted			233.3
Net income per limited partner unit:
Basic and diluted			$	0.36

	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 waived distributions to the holders of IDRs. See Note 2—Related Party Transactions for additional  information.