The Partnership makes loans available to those general partners and, in limited circumstances, subordinated limited partners (in each case, other than members of the Executive Committee, as defined in the Partnership’s Twentieth Amended and Restated Agreement of Registered Limited Liability Limited Partnership, dated August 6, 2018 (the “Partnership Agreement”)), who require financing for some or all of their Partnership capital contributions. In limited circumstances a general partner may withdraw from the Partnership and become a subordinated limited partner while he or she still has an outstanding Partnership loan. It is anticipated that, of the future general and subordinated limited partnership capital contributions (in each case, other than for Executive Committee members) requiring financing, the majority will be financed through Partnership loans. Loans made by the Partnership to such partners are generally for a period of one year but are expected to be renewed and bear interest at the greater of the Prime Rate for the last business day of the prior fiscal month or 3.25%. The Partnership recognizes interest income for the interest earned related to these loans. The outstanding amount of Partnership loans is reflected as a reduction to total Partnership capital. As of March 26, 2021 and December 31, 2020, the outstanding amount of Partnership loans was $438 and $341, respectively. Interest income earned from these loans, which is included in interest and dividends in the Consolidated Statements of Income, was $3 and $5 for the three-month periods ended March 26, 2021 and March 27, 2020, respectively.

The following table shows the roll forward of outstanding Partnership loans for:

	Three Months Ended
	March 26,			March 27,
	2021			2020
Partnership loans outstanding at beginning of period	$	341		$	360
Partnership loans issued during the period		211			163
Repayment of Partnership loans during the period		(114	)		(100	)
Total Partnership loans outstanding	$	438		$	423

The minimum 7.5% annual return on the face amount of limited partnership capital was $23 for both the three-month periods ended March 26, 2021 and March 27, 2020. These amounts are included as a component of interest expense in the Consolidated Statements of Income.

The Partnership filed a Registration Statement on Form S-8 with the U.S. Securities and Exchange Commission ("SEC") on January 12, 2018, to register $450 of Interests issuable pursuant to the Partnership's 2018 Employee Limited Partnership Interest Purchase Plan (the "2018 Plan"). In addition to issuances of Interests in prior periods, the Partnership issued approximately $1 and $3 of Interests under the 2018 Plan in early 2020, and 2021, respectively. The remaining $66 of Interests may be issued under the Plan at the discretion of the Managing Partner in the future.