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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Revenue from contract with customer $ 500 $ 424 $ 447
Total revenue 556 481 503
Costs and expenses      
Operations and maintenance – third parties 48 48 65
Operations and maintenance – related parties 124 114 59
Cost of product sold 29 24 36
Loss from impairment of fixed assets and revision of ARO 3 0 2
General and administrative – third parties 6 7 11
General and administrative – related parties 45 49 49
Depreciation, amortization and accretion 50 50 49
Property and other taxes 19 20 17
Total costs and expenses 324 312 288
Operating income 232 169 215
Income from equity method investments 352 417 373
Dividend income from other investments 0 0 14
Other income 39 40 36
Investment, dividend and other income 391 457 423
Interest income 30 23 4
Interest expense 85 93 96
Income before income taxes 568 556 546
Income tax expense 0 0 0
Net income 568 556 546
Less: Net income attributable to noncontrolling interests 12 13 18
Net income attributable to the Partnership 556 543 528
Components of Limited Partners' Interest In Net Income Attributable to the Partnership's Common Unitholders      
Preferred unitholder’s interest in net income 48 36 0
General partner’s interest in net income attributable to the Partnership 0 55 147
Limited Partners’ interest in net income attributable to the Partnership’s common unitholders $ 508 $ 452 $ 381
Net income per Limited Partner Unit - Basic and Diluted:      
Distributions per Limited Partner unit (in dollars per share) $ 1.36 $ 1.84 $ 1.75
Common      
Net income per Limited Partner Unit - Basic and Diluted:      
Common - basic (in dollars per share) 1.29 1.28 1.66
Common - diluted (in dollars per share) $ 1.25 $ 1.25 $ 1.66
Common Unitholders Public      
Weighted average Limited Partner Units outstanding - Basic and Diluted:      
Common units - basic (in shares) 123.8 123.8 123.8
Common units - diluted (in shares) 123.8 123.8 123.8
Common Unitholder SPLC      
Weighted average Limited Partner Units outstanding - Basic and Diluted:      
Common units - basic (in shares) 269.5 229.7 105.4
Common units - diluted (in shares) 320.3 267.9 105.4
Third Parties | Transportation, Terminaling And Storage Services      
Revenue      
Revenue from contract with customer $ 151 $ 123 $ 143
Third Parties | Product Revenue      
Revenue      
Revenue from contract with customer 1 0 5
Related Parties      
Revenue      
Lease revenue – related parties 56 57 56
Related Parties | Transportation, Terminaling And Storage Services      
Revenue      
Revenue from contract with customer 312 282 264
Related Parties | Product Revenue      
Revenue      
Revenue from contract with customer $ 36 $ 19 $ 35