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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Revenue from contract with customer $ 122 $ 125
Lease revenue – related parties 13 14
Total revenue 135 139
Costs and expenses    
Operations and maintenance – third parties 15 11
Operations and maintenance – related parties 26 27
Cost of product sold 9 4
Impairment of fixed assets 0 3
General and administrative – third parties 2 2
General and administrative – related parties 11 10
Depreciation, amortization and accretion 12 13
Property and other taxes 5 5
Total costs and expenses 80 75
Operating income 55 64
Income from equity method investments 108 102
Other income 10 14
Investment and other income 118 116
Interest income 8 8
Interest expense 21 21
Income before income taxes 160 167
Income tax expense 0 0
Net income 160 167
Less: Net income attributable to noncontrolling interests 2 4
Net income attributable to the Partnership 158 163
Components of Limited Partners' Interest In Net Income Attributable to the Partnership's Common Unit holders    
Preferred unitholder’s interest in net income attributable to the Partnership 12 12
Limited Partners’ interest in net income attributable to the Partnership’s common unitholders $ 146 $ 151
Net income per Limited Partner Unit - Basic and Diluted:    
Distributions per Limited Partner unit (in dollars per share) $ 0.3000 $ 0.4600
Common    
Net income per Limited Partner Unit - Basic and Diluted:    
Common - basic (in dollars per share) 0.37 0.38
Common - diluted (in dollars per share) $ 0.36 $ 0.37
Common Unitholders Public    
Weighted average Limited Partner Units outstanding - Basic and Diluted:    
Common units - basic (in shares) 123.8 123.8
Common units - diluted (in shares) 123.8 123.8
Common Unitholder SPLC    
Weighted average Limited Partner Units outstanding - Basic and Diluted:    
Common units - basic (in shares) 269.5 269.5
Common units - diluted (in shares) 320.3 320.3
Third Parties | Transportation, Terminaling and Storage Services    
Revenue    
Revenue from contract with customer $ 32 $ 41
Related Parties    
Revenue    
Lease revenue – related parties 13 14
Related Parties | Transportation, Terminaling and Storage Services    
Revenue    
Revenue from contract with customer 79 78
Related Parties | Product Revenue    
Revenue    
Revenue from contract with customer $ 11 $ 6