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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Revenue from contract with customer $ 424 $ 447 $ 469
Revenues, Total 481 503 525
Costs and expenses      
Operations and maintenance – third parties 48 65 108
Operations and maintenance – related parties 114 59 54
Cost of product sold 24 36 32
Loss (gain) from revision of asset retirement obligation 0 2 (3)
General and administrative – third parties 7 11 8
General and administrative – related parties 49 49 52
Depreciation, amortization and accretion 50 49 46
Property and other taxes 20 17 16
Total costs and expenses 312 288 313
Operating income 169 215 212
Income from equity method investments 417 373 235
Dividend income from other investments 0 14 67
Other income 40 36 31
Investment, dividend and other income 457 423 333
Interest income 23 4 2
Interest expense 93 96 64
Income before income taxes 556 546 483
Income tax expense 0 0 1
Net income 556 546 482
Less: Net income attributable to noncontrolling interests 13 18 18
Net income attributable to the Partnership 543 528 464
Preferred unitholder’s interest in net income 36 0 0
General partner’s interest in net income attributable to the Partnership 55 147 134
Limited Partners’ interest in net income attributable to the Partnership’s common unitholders $ 452 $ 381 $ 330
Net income per Limited Partner Unit - Basic and Diluted:      
Distributions per Limited Partner unit (in dollars per share) $ 1.8400 $ 1.7500 $ 1.4950
Common      
Costs and expenses      
Net income attributable to the Partnership   $ 381 $ 330
Net income per Limited Partner Unit - Basic and Diluted:      
Common - Basic (in dollars per share) 1.28 $ 1.66 $ 1.50
Common - Diluted (in dollars per share) $ 1.25 $ 1.66 $ 1.50
Weighted average Limited Partner Units outstanding - Basic and Diluted:      
Common units - basic (in shares) 38.2 229.2 220.3
Common units – public      
Costs and expenses      
Net income $ 160 $ 204 $ 182
Weighted average Limited Partner Units outstanding - Basic and Diluted:      
Common units - basic (in shares) 123.8 123.8 121.3
Common units - diluted (in shares) 123.8 123.8 121.3
Common units – public | Shell Pipeline Company L P      
Costs and expenses      
Net income $ 292 $ 177 $ 147
Common units - SPLC | Shell Pipeline Company L P      
Weighted average Limited Partner Units outstanding - Basic and Diluted:      
Common units - basic (in shares) 229.7 105.4 99.0
Common units - diluted (in shares) 267.9 105.4 99.0
Third Parties | Transportation, Terminaling And Storage Services      
Revenue      
Revenue from contract with customer $ 123 $ 143 $ 209
Third Parties | Product Revenue      
Revenue      
Revenue from contract with customer 0 5 2
Related Parties      
Revenue      
Lease revenue – related parties 57 56 56
Related Parties | Transportation, Terminaling And Storage Services      
Revenue      
Revenue from contract with customer 282 264 229
Related Parties | Product Revenue      
Revenue      
Revenue from contract with customer $ 19 $ 35 $ 29