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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Total revenues $ 16,359 $ 9,930 $ 30,053 $ 18,313
COSTS AND EXPENSES        
Purchases and related costs 15,324 9,277 28,109 16,669
Field operating costs 307 252 653 471
General and administrative expenses 78 72 160 139
Depreciation and amortization 242 196 473 374
(Gains)/losses on asset sales and asset impairments, net (3) 369 (46) 370
Total costs and expenses 15,948 10,166 29,349 18,023
OPERATING INCOME/(LOSS) 411 (236) 704 290
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 104 33 201 121
Interest expense (net of capitalized interest of $1, $5, $2 and $10, respectively) (99) (107) (206) (213)
Other income/(expense), net (118) 84 (155) 23
INCOME/(LOSS) BEFORE TAX 298 (226) 544 221
Current income tax expense (30) (1) (48) (3)
Deferred income tax (expense)/benefit (17) 11 (20) (11)
NET INCOME/(LOSS) 251 (216) 476 207
Net income attributable to noncontrolling interests (48) (4) (86) (5)
NET INCOME/(LOSS) ATTRIBUTABLE TO PAA 203 (220) 390 202
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Net income/(loss) allocated to common unitholders - Basic 153 (269) 290 103
Net income/(loss) allocated to common unitholders - Diluted $ 153 $ (269) $ 290 $ 103
Common Units        
NET INCOME/(LOSS) PER COMMON UNIT (NOTE 4):        
Basic weighted average common units outstanding (units) 702 720 703 721
Diluted weighted average common units outstanding (units) 702 720 703 721
Basic net income/(loss) per common unit (usd per unit) $ 0.22 $ (0.37) $ 0.41 $ 0.14
Diluted net income/(loss) per common unit (usd per unit) $ 0.22 $ (0.37) $ 0.41 $ 0.14
Product sales revenues        
REVENUES        
Total revenues $ 16,007 $ 9,623 $ 29,388 $ 17,706
Services revenues        
REVENUES        
Total revenues $ 352 $ 307 $ 665 $ 607