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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 911.5 $ 771.0
Reconciliation of net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 431.0 402.3
Asset impairment and related charges 0.9 11.2
Equity in income of unconsolidated affiliates (115.7) (94.8)
Distributions received on earnings from unconsolidated affiliates 107.5 90.5
Net gains attributable to asset sales (0.5) (0.3)
Deferred income tax expense (benefit) (1.1) 0.1
Change in fair market value of derivative instruments 136.9 (20.3)
Change in fair market value of Liquidity Option Agreement 7.5 5.5
Gain on step acquisition of unconsolidated affiliate (37.0) 0.0
Net effect of changes in operating accounts (203.1) (288.8)
Other operating activities (4.3) (0.8)
Net cash flows provided by operating activities 1,233.6 875.6
Investing activities:    
Capital expenditures (946.5) (430.4)
Cash used for business combinations, net of cash received (149.8) (16.0)
Investments in unconsolidated affiliates (37.9) (13.7)
Distributions received for return of capital from unconsolidated affiliates 14.9 12.0
Proceeds from asset sales 1.1 2.0
Other investing activities (0.9) 2.1
Cash used in investing activities (1,119.1) (444.0)
Financing activities:    
Borrowings under debt agreements 16,283.8 17,575.1
Repayments of debt (15,444.7) (17,856.5)
Debt issuance costs (24.2) 0.0
Monetization of interest rate derivative instruments 1.5 0.0
Cash distributions paid to limited partners (918.5) (869.0)
Cash payments made in connection with distribution equivalent rights (3.9) (3.2)
Cash distributions paid to noncontrolling interests (15.4) (10.1)
Cash contributions from noncontrolling interests 0.1 0.2
Net cash proceeds from the issuance of common units 177.0 448.8
Other financing activities (24.9) (27.4)
Cash provided by (used in) financing activities 30.8 (742.1)
Net change in cash and cash equivalents, including restricted cash 145.3 (310.5)
Cash and cash equivalents, including restricted cash, at beginning of period 70.3 417.6
Cash and cash equivalents, including restricted cash, at end of period $ 215.6 $ 107.1