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Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Natural gas sales $ 755 $ 721 $ 2,766 $ 2,286
NGL sales 1,289 708 3,255 1,885
Crude sales 4,497 4,215 13,022 11,408
Gathering, transportation and other fees 635 648 1,891 1,977
Refined product sales 5,165 4,633 14,581 13,945
Other 1,277 977 3,364 2,806
Total revenues 13,618 11,902 38,879 34,307
COSTS AND EXPENSES:        
Cost of products sold 12,124 10,654 34,626 30,477
Operating expenses 401 347 1,028 1,001
Depreciation and amortization 289 253 823 764
Selling, general and administrative 136 122 310 373
Total costs and expenses 12,950 11,376 36,787 32,615
OPERATING INCOME 668 526 2,092 1,692
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (212) (210) (648) (632)
Equity in earnings of unconsolidated affiliates 69 28 205 137
Gain on sale of AmeriGas common units 14 87 177 87
Gains (losses) on interest rate derivatives (25) 0 (73) 46
Other, net (15) 7 (32) 6
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE 499 438 1,721 1,336
Income tax expense from continuing operations 52 47 268 139
INCOME FROM CONTINUING OPERATIONS 447 391 1,453 1,197
Income from discontinued operations 0 13 66 44
NET INCOME 447 404 1,519 1,241
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 105 49 291 244
NET INCOME ATTRIBUTABLE TO PARTNERS 342 355 1,228 997
GENERAL PARTNER’S INTEREST IN NET INCOME 135 146 373 429
CLASS H UNITHOLDER’S INTEREST IN NET INCOME 59 0 159 0
COMMON UNITHOLDERS’ INTEREST IN NET INCOME $ 148 $ 209 $ 696 $ 568
INCOME FROM CONTINUING OPERATIONS PER COMMON UNIT:        
Basic $ 0.44 $ 0.51 $ 1.91 $ 1.55
Diluted $ 0.44 $ 0.51 $ 1.90 $ 1.55
NET INCOME PER COMMON UNIT:        
Basic $ 0.44 $ 0.55 $ 2.11 $ 1.63
Diluted $ 0.44 $ 0.55 $ 2.10 $ 1.63