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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Transmission revenues $ 101 $ 101 [1] $ 213 $ 212 [1]
Equity earnings (Note 4) 24 20 [1] 60 53 [1]
Operation and maintenance expenses (17) (14) [1] (31) (25) [1]
Property taxes (7) (7) [1] (14) (14) [1]
General and administrative (2) (2) [1] (4) (4) [1]
Depreciation (25) (24) [1] (49) (48) [1]
Financial charges and other (Note 14) (19) (17) [1] (36) (35) [1]
Net income before taxes 55 57 [1] 139 139 [1]
Income taxes (Note 18)     (1) (1) [1]
Net income 55 57 [1] 138 [2] 138 [1]
Net income attributable to non-controlling interests   2 [1] 6 8 [1]
Net income attributable to controlling interests 55 55 [1] 132 130 [1]
Net income attributable to controlling interest allocation (Note 8)        
General Partner 5 3 [1] 8 5 [1]
TransCanada and its subsidiaries   2 [1] 2 4 [1]
Net income attributable to controlling interests 55 55 [1] 132 130 [1]
Common Units        
Net income attributable to controlling interest allocation (Note 8)        
Limited partners $ 50 $ 50 [1] $ 122 $ 121 [1]
Net income per common unit (Note 8) - basic (in dollars per unit) $ 0.73 $ 0.76 [1],[3] $ 1.78 $ 1.86 [1],[3]
Net income per common unit (Note 8) - diluted (in dollars per unit) $ 0.73 $ 0.76 $ 1.78 $ 1.86
Weighted average common units outstanding - basic (in units) 68.9 65.5 [1] 68.6 64.9 [1]
Weighted average common units outstanding - diluted (in units) 68.9 65.5 68.6 64.9
Common units outstanding, end of period (in units) 69.0 65.9 [1] 69.0 65.9 [1]
[1] Recast to consolidate PNGTS for all periods presented (Refer to Notes 2 and 6).
[2] Recast to consolidate PNGTS for all periods presented. See Notes 2 and 6.
[3] Net income per common unit prior to recast (Refer to Note 2).