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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Transmission revenues $ 111 $ 101 $ 226 $ 213
Equity earnings (Note 5) 36 24 95 60
Operation and maintenance expenses (17) (17) (33) (31)
Property taxes (7) (7) (14) (14)
General and administrative (1) (2) (2) (4)
Depreciation (24) (25) (48) (49)
Financial charges and other (Note 15) (23) (19) (46) (36)
Net income before taxes 75 55 178 139
Income taxes (Note 18)     (1) (1)
Net income 75 55 177 138
Net income attributable to non-controlling interests 2   8 6
Net income attributable to controlling interests 73 55 169 132
Net income attributable to controlling interest allocation (Note 9)        
Net income attributable to common units 72 50 166 122
General Partner 1 5 3 8
TransCanada and its subsidiaries       2
Net income attributable to controlling interests 73 55 169 132
Common Units        
Net income attributable to controlling interest allocation (Note 9)        
Net income attributable to common units $ 72 $ 50 $ 166 $ 122
Net income per common unit (Note 9) - basic and diluted (in dollars per unit) $ 1.00 $ 0.73 $ 2.33 $ 1.78
Weighted average common units outstanding - basic (in units) 71.3 68.9 71.2 68.6
Common units outstanding, end of period 71.3 69.0 71.3 69.0