Net Earnings per Common Unit

6 Months Ended

Jun. 30, 2015

Earnings Per Unit [Abstract]

Net Earnings per Common Unit

Net Earnings per Common Unit

Net earnings per common unit are based on the weighted-average number of common units outstanding during the period. The following table provides a calculation for net earnings per common unit for the three and six months ended June 30, 2015 and 2014:

	Three months ended   June 30,				Six months ended   June 30,
	2015		2014		2015		2014
	(in millions, except per unit amounts)
Basic earnings per Common Unit:
Net earnings	$	99.3	$	100.1	$	158.3	$	203.0
Less: Net earnings allocable to General Partner	37.1		40.7		58.0		82.2
Less: Net earnings allocable to Class B Common Units	0.9		1.0		1.5		2.0
Net earnings allocable to Common Units	$	61.3	$	58.4	$	98.8	$	118.8
Weighted-average Common Units outstanding	18.5		18.5		18.5		18.5
Net earnings per Common Unit	$	3.31	$	3.16	$	5.34	$	6.42

There were no dilutive TNCLP units outstanding for the three and six months ended June 30, 2015 and 2014.