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Net Income or Loss per Limited Partner Unit (Notes)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income or Loss per Limited Partner Unit Net Income or Loss per Limited Partner Unit
Prior to June 15, 2023, we had restricted phantom units outstanding, and we had the ability to elect to settle certain of the restricted phantom units in either cash or common units at our discretion. As of June 30, 2023, there were no outstanding equity classified restricted phantom units.
Basic and diluted net income per limited partner unit was calculated as follows for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(millions, except per unit amounts)
Net income allocable to limited partners$84 $368 $290 $434 
Weighted average limited partner units outstanding, basic208,662,361 208,379,466 208,609,415 208,381,451 
Dilutive effects of nonvested restricted phantom units8,327 142,150 24,353 235,749 
Weighted average limited partner units outstanding, diluted208,670,688 208,521,616 208,633,768 208,617,200 
Net income per limited partner unit, basic and diluted$0.40 $1.77 $1.39 $2.08