Net Earnings per Common Unit

9 Months Ended

Sep. 30, 2013

5. Net Earnings per Common Unit

Net earnings per common unit is 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, 2013 and 2012:

	Three months ended September 30,						Nine months ended September 30,

	2013			2012			2013			2012
	(in millions, except per-unit amounts)
Basic earnings per common unit:
Net earnings	$	72.7		$	131.8		$	388.8		$	410.8
Net earnings allocable to General Partner		(25.4	)		(56.6	)		(162.2	)		(176.5	)
Net earnings allocable to Class B Common Units		(0.7	)		(1.3	)		(3.8	)		(4.0	)

Net earnings allocable to common units	$	46.6		$	73.9		$	222.8		$	230.3

Weighted average units outstanding		18.5			18.5			18.5			18.5

Net earnings per common unit	$	2.52		$	4.00		$	12.04		$	12.45

There were no dilutive TNCLP units outstanding for the nine months ended September 30, 2013 and 2012.