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Equity and Distributions (Tables)
3 Months Ended
Mar. 31, 2015
Equity and Distributions [Abstract]  
Summary of Changes in Outstanding Units
Partners’ equity reflects the various classes of limited partner interests (i.e., common units, including restricted common units) that we have outstanding.  The following table summarizes changes in the number of our outstanding units since December 31, 2014:
 
 
 
Common
Units
(Unrestricted)
  
Restricted
Common
Units
  
Total
Common
Units
 
Number of units outstanding at December 31, 2014
  
1,933,095,027
   
4,229,790
   
1,937,324,817
 
Common units issued in connection with at-the-market program
  
12,350,761
   
--
   
12,350,761
 
Common units issued in connection with DRIP and EUPP
  
1,940,832
   
--
   
1,940,832
 
Common units issued in connection with Step 2 of Oiltanking acquisition
  
36,827,517
   
--
   
36,827,517
 
Common units issued in connection with the vesting and exercise of unit options
  
291,250
   
--
   
291,250
 
Common units issued in connection with the vesting of phantom unit awards
  
519,247
   
--
   
519,247
 
Common units issued in connection with the vesting of restricted common unit awards
  
1,852,746
   
(1,852,746
)
  
--
 
Forfeiture of restricted common unit awards
  
--
   
(84,700
)
  
(84,700
)
Acquisition and cancellation of treasury units in connection with the
vesting of equity-based awards
  
(628,750
)
  
--
   
(628,750
)
Other
  
12,360
   
--
   
12,360
 
Number of units outstanding at March 31, 2015
  
1,986,260,990
   
2,292,344
   
1,988,553,334
 
 
Components of Accumulated Other Comprehensive Income (Loss)
The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

 
 
Gains (Losses) on
Cash Flow Hedges
  
  
 
 
 
Commodity
Derivative
Instruments
  
Interest Rate
Derivative
Instruments
  
Other
  
Total
 
Balance, December 31, 2014
 
$
69.9
  
$
(314.8
)
 
$
3.3
  
$
(241.6
)
Other comprehensive income before reclassifications
  
30.8
   
--
   
--
   
30.8
 
Amounts reclassified from accumulated other comprehensive loss (income)
  
(61.1
)
  
8.7
   
--
   
(52.4
)
Total other comprehensive income (loss)
  
(30.3
)
  
8.7
   
--
   
(21.6
)
Balance, March 31, 2015
 
$
39.6
  
$
(306.1
)
 
$
3.3
  
$
(263.2
)

 
 
Gains (Losses) on
Cash Flow Hedges
  
  
 
 
 
Commodity
Derivative
Instruments
  
Interest Rate
Derivative
Instruments
  
Other
  
Total
 
Balance, December 31, 2013
 
$
(14.7
)
 
$
(347.2
)
 
$
2.9
  
$
(359.0
)
Other comprehensive income before reclassifications
  
(9.2
)
  
--
   
--
   
(9.2
)
Amounts reclassified from accumulated other comprehensive loss
  
16.0
   
7.9
   
--
   
23.9
 
Total other comprehensive income
  
6.8
   
7.9
   
--
   
14.7
 
Balance, March 31, 2014
 
$
(7.9
)
 
$
(339.3
)
 
$
2.9
  
$
(344.3
)

Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table presents reclassifications out of accumulated other comprehensive income (loss) into net income during the periods indicated:

 
  
 
For the Three Months
Ended March 31,
 
 
Location
 
2015
  
2014
 
Losses (gains) on cash flow hedges:
    
Interest rate derivatives
Interest expense
 
$
8.7
  
$
7.9
 
Commodity derivatives
Revenue
  
(61.1
)
  
16.9
 
Commodity derivatives
Operating costs and expenses
  
--
   
(0.9
)
Total
 
 
$
(52.4
)
 
$
23.9
 

Declared Quarterly Cash Distribution Rates
The following table presents Enterprise’s declared quarterly cash distribution rates per common unit with respect to the quarter indicated:

 
 
Distribution Per
Common Unit
 
Record
Date
Payment
Date
2014:
       
1st Quarter
 
$
0.3550
 
4/30/2014
5/7/2014
2015:
    
 
    
1st Quarter
 
$
0.3750
 
4/30/2015
5/7/2015