Net Earnings per Limited Partner Common Unit

9 Months Ended

Sep. 30, 2012

Net Earnings per Limited Partner Common Unit

Net Earnings per Limited Partner Common Unit

5. Net Earnings per Limited Partner Common Unit

        Net earnings per common unit is based on the weighted-average number of common units outstanding during the period. The following table provides a calculation for net earnings per common unit for the three and nine months ended September 30, 2012 and 2011:

	Three months ended September 30,						Nine months ended September 30,
	2012			2011			2012			2011
	(in millions, except per-unit amounts)
Net earnings	$	131.8		$	128.4		$	410.8		$	378.2
Net earnings allocable to General Partner		(56.6	)		(54.8	)		(176.5	)		(162.5	)
Net earnings allocable to Class B Common Units		(1.3	)		(1.2	)		(4.0	)		(3.6	)
Net earnings allocable to common units	$	73.9		$	72.4		$	230.3		$	212.1
Weighted average common units outstanding		18.5			18.5			18.5			18.5
Net earnings per common unit	$	4.00		$	3.91		$	12.45		$	11.46

        There were no dilutive TNCLP units outstanding for the three or nine months ended September 30, 2012 and 2011.