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Earnings Per Unit (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Unit [Abstract]  
Basic and Diluted Earnings Per Unit
The following table presents our calculation of basic and diluted earnings per common unit for the years indicated:

 
 
For the Year Ended December 31,
 
 
 
2022
   
2021
   
2020
 
BASIC EARNINGS PER COMMON UNIT
                 
Net income attributable to common unitholders
 
$
5,487
   
$
4,634
   
$
3,775
 
Earnings allocated to phantom unit awards (1)
   
(46
)
   
(37
)
   
(32
)
Net income allocated to common unitholders
 
$
5,441
   
$
4,597
   
$
3,743
 
 
                       
Basic weighted-average number of common units outstanding
   
2,178
     
2,183
     
2,186
 
 
                       
Basic earnings per common unit
 
$
2.50
   
$
2.11
   
$
1.71
 
 
                       
DILUTED EARNINGS PER COMMON UNIT
                       
Net income attributable to common unitholders
 
$
5,487
   
$
4,634
   
$
3,775
 
Net income attributable to preferred units
   
3
     
4
     
1
 
Net income attributable to limited partners
 
$
5,490
   
$
4,638
   
$
3,776
 
 
                       
Diluted weighted-average number of units outstanding:
                       
Distribution-bearing common units
   
2,178
     
2,183
     
2,186
 
Phantom units (2)
   
19
     
18
     
16
 
Preferred units (2)
   
2
     
2
     
 
Total
   
2,199
     
2,203
     
2,202
 
 
                       
Diluted earnings per common unit
 
$
2.50
   
$
2.10
   
$
1.71
 

(1)
Phantom units are considered participating securities for purposes of computing basic earnings per unit. See Note 13 for information regarding the phantom units. 
(2)
We use the “if-converted method” to determine the potential dilutive effect of the vesting of phantom unit awards and the conversion of preferred units outstanding.  See Note 8 for information regarding preferred units.