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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Third parties $ 9,440.7 $ 5,745.3 $ 18,581.8 $ 13,211.8
Related parties 9.4 5.7 23.6 21.7
Total revenues 9,450.1 5,751.0 18,605.4 13,233.5
Operating costs and expenses:        
Third party and other costs 7,766.5 4,063.9 14,995.8 9,799.2
Related parties 300.2 306.5 624.3 631.5
Total operating costs and expenses 8,066.7 4,370.4 15,620.1 10,430.7
General and administrative costs:        
Third party and other costs 18.7 23.8 40.2 46.8
Related parties 32.8 33.2 67.6 65.7
Total general and administrative costs 51.5 57.0 107.8 112.5
Total costs and expenses 8,118.2 4,427.4 15,727.9 10,543.2
Equity in income of unconsolidated affiliates 160.7 113.3 309.6 254.1
Operating income 1,492.6 1,436.9 3,187.1 2,944.4
Other income (expense):        
Interest expense (316.1) (320.2) (638.9) (637.7)
Change in fair market value of Liquidity Option 0.0 0.0 0.0 (2.3)
Interest income 0.7 2.9 1.8 10.1
Other, net 0.0 0.9 (0.2) 1.8
Total other expense, net (315.4) (316.4) (637.3) (628.1)
Income before income taxes 1,177.2 1,120.5 2,549.8 2,316.3
Benefit from (provision for) income taxes (31.2) (59.7) (41.2) 119.5
Net income 1,146.0 1,060.8 2,508.6 2,435.8
Net income attributable to noncontrolling interests (32.7) (26.1) (54.0) (51.0)
Net income attributable to preferred units (1.0) 0.0 (1.9) 0.0
Net income attributable to common unitholders $ 1,112.3 $ 1,034.7 $ 2,452.7 $ 2,384.8
Earnings per unit:        
Basic earnings per common unit (in dollars per unit) $ 0.50 $ 0.47 $ 1.11 $ 1.08
Diluted earnings per common unit (in dollars per unit) $ 0.50 $ 0.47 $ 1.11 $ 1.08