Earnings per Unit (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Unit

The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts):

	Three Months Ended March 31,
	2023		2022
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders	$	189	$	183
Net income allocated to Partnership exchangeable unitholders	87		86
Net income attributable to common unitholders	$	276	$	269
Denominator - basic and diluted partnership units:
Weighted average Class A common units	202		202
Weighted average Partnership exchangeable units	143		145
Earnings per unit - basic and diluted:
Class A common units (a)	$	0.94	$	0.91
Partnership exchangeable units (a)	$	0.61	$	0.59

(a) Earnings per unit may not recalculate exactly as it is calculated based on unrounded numbers.