Equity-based Awards (Tables)

3 Months Ended

Mar. 31, 2012

Equity-based Awards [Abstract]

Equity-based Award Expense

The following table summarizes the expense we recognized in connection with equity-based awards for the periods presented:

	For the Three Months  Ended March 31,
	2012		2011
Restricted common unit awards	$	14.8	$	11.4
Unit option awards		0.7		0.9
Other (1)		0.9		(0.5	)
Total compensation expense	$	16.4	$	11.8
(1)   Primarily consists of unit appreciation rights (“UARs”), phantom units and similar awards.

Restricted Common Unit Awards

The following table presents information regarding restricted common unit awards for the period presented:

	Number of Units			Weighted- Average Grant Date Fair Value per Unit (1)
Restricted common units at December 31, 2011		3,868,216		$	34.22
Granted (2)		1,529,438		$	51.92
Vested (3)		(632,298	)	$	38.31
Forfeited		(24,800	)	$	36.33
Restricted common units at March 31, 2012		4,740,556		$	39.37
(1)   Determined by dividing the aggregate grant date fair value of awards (before an allowance for forfeitures) by the number of awards issued. (2)   The aggregate grant date fair value of restricted common unit awards issued in 2012 was $79.4 million based on a grant date market price of $51.92 per unit. An estimated annual forfeiture rate of 3.25% was applied to these awards. (3)   Includes awards granted to the independent directors of the board of directors of Enterprise GP as part of their annual compensation for 2012. A total of 10,038 restricted common units were issued in February 2012 to the independent directors of Enterprise GP that immediately vested upon issuance.

Cash Distributions and Total Intrinsic Value of Restricted Common Units

The following table presents supplemental information regarding our restricted common unit awards for the periods presented:

	For the Three Months
	Ended March 31,
	2012		2011
Cash distributions paid to restricted common unit holders	$	2.4	$	2.1
Total intrinsic value of our restricted common unit awards    vesting during period		32.6		14.7

Unit Option Activity

The following table presents unit option activity for the period presented:

	Number of Units			Weighted- Average  Strike Price (dollars/unit)		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (1)
Unit options at December 31, 2011		3,753,420		$	28.08		2.6	$	11.1
Exercised		(712,280	)	$	30.76
Unit options at March 31, 2012		3,041,140		$	27.45		2.8	$	--
Options exercisable at March 31, 2012		--					--		--
(1)   Aggregate intrinsic value reflects fully vested unit options at the date indicated.

Supplemental Information Regarding Unit Options

The following table presents supplemental information regarding our unit options during the periods presented:

	For the Three Months Ended March 31,
	2012		2011
Total intrinsic value of unit option awards exercised during period	$	14.0	$	--
Cash received from EPCO in connection with the exercise of unit option awards		10.2		--
Unit option-related reimbursements to EPCO		14.0		--