|
Consolidated Statement of Comprehensive Income (Unaudited) (USD $) In Millions, except Share data in Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Revenues: |
|
|
| Service revenues |
$ 1,192 |
$ 763 |
| Product sales |
519 |
930 |
| Total revenues |
1,711 |
1,693 |
| Costs and expenses: |
|
|
| Product costs |
463 |
769 |
| Operating and maintenance expenses |
380 |
248 |
| Depreciation and amortization expenses |
419 |
208 |
| Selling, general, and administrative expenses |
193 |
130 |
| Net insurance recoveries - Geismar Incident |
0 |
(119) |
| Other (income) expense - net |
17 |
17 |
| Total costs and expenses |
1,472 |
1,253 |
| Operating income |
239 |
440 |
| Equity earnings (losses) |
51 |
23 |
| Other investing income (loss) - net |
1 |
0 |
| Interest incurred |
(209) |
(131) |
| Interest capitalized |
17 |
25 |
| Other income (expense) - net |
16 |
3 |
| Income before Income Taxes |
115 |
360 |
| Provision (benefit) for income taxes |
3 |
8 |
| Net income (loss) |
112 |
352 |
| Less: Net income attributable to noncontrolling interests |
23 |
0 |
| Net Income (Loss) Attributable to controlling interests |
89 |
352 |
| Allocation of net income (loss) for calculation of earnings per common unit: |
|
|
| Net Income (Loss) Attributable to controlling interests |
89 |
352 |
| Allocation of net income (loss) to general partner |
195 |
180 |
| Allocation of net income (loss) to Class B units |
(2) |
0 |
| Allocation of net income (loss) to Class D units |
68 |
14 |
| Allocation of net income (loss) to common units |
(172) |
158 |
| Basic earnings per common unit [Abstract] |
|
|
| Basic net income (loss) per common unit |
$ (0.34) |
$ 0.44 |
| Basic weighted average number of common units outstanding (thousands) |
507,001 |
361,620 |
| Diluted earnings per common unit |
|
|
| Diluted net income (loss) per common unit |
$ (0.34) |
$ 0.44 |
| Diluted weighted average number of common units outstanding (thousands) |
507,001 |
361,620 |
| Cash distributions per common unit |
$ 0.85 |
$ 0.9045 |
| Other Comprehensive Income (Loss): |
|
|
| Foreign currency translation adjustments |
(87) |
(39) |
| Other comprehensive income (loss) |
(87) |
(39) |
| Comprehensive income |
25 |
313 |
| Less: Comprehensive income attributable to noncontrolling interests |
23 |
0 |
| Comprehensive income attributable to controlling interests |
$ 2 |
$ 313 |