Net Earnings per Common Unit

9 Months Ended

Sep. 30, 2016

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 nine months ended September 30, 2016 and 2015:



	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
	(in millions, except per unit amounts)
Basic earnings per Common Unit:
Net earnings	$	28.8	$	69.4	$	165.2	$	227.7
Less: Net earnings allocable to General Partner	9.3		27.5		58.0		85.5
Less: Net earnings allocable to Class B Common Units	0.3		0.7		1.6		2.2
Net earnings allocable to Common Units	$	19.2	$	41.2	$	105.6	$	140.0
Weighted-average Common Units outstanding	18.5		18.5		18.5		18.5
Net earnings per Common Unit	$	1.04	$	2.23	$	5.71	$	7.57

There were no dilutive TNCLP units outstanding for the three and nine months ended September 30, 2016 and 2015.