Equity and Distributions (Tables)

6 Months Ended

Jun. 30, 2015

Partners’ equity reflects the various classes of limited partner interests (i.e., common units, including restricted common units) that we have outstanding. The following table summarizes changes in the number of our outstanding units since December 31, 2014:

	Common Units (Unrestricted)			Restricted Common Units			Total Common Units
Number of units outstanding at December 31, 2014		1,933,095,027			4,229,790			1,937,324,817
Common units issued in connection with at-the-market program		23,258,453			--			23,258,453
Common units issued in connection with DRIP and EUPP		5,637,275			--			5,637,275
Common units issued in connection with Step 2 of Oiltanking acquisition		36,827,517			--			36,827,517
Common units issued in connection with the vesting and exercise of unit options		327,719			--			327,719
Common units issued in connection with the vesting of phantom unit awards		556,041			--			556,041
Common units issued in connection with the vesting of restricted common unit awards		1,940,044			(1,940,044	)		--
Forfeiture of restricted common unit awards		--			(111,250	)		(111,250	)
Acquisition and cancellation of treasury units in connection with the vesting of equity-based awards		(662,242	)		--			(662,242	)
Other		15,054			--			15,054
Number of units outstanding at June 30, 2015		2,000,994,888			2,178,496			2,003,173,384

We may issue additional equity or debt securities to assist us in meeting our future liquidity and capital spending requirements. We have a universal shelf registration statement (the “2013 Shelf”) on file with the SEC. The 2013 Shelf allows Enterprise Products Partners L.P. and EPO (on a standalone basis) to issue an unlimited amount of equity and debt securities, respectively.

Components of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

	Gains (Losses) on Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other		Total
Balance, December 31, 2014	$	69.9		$	(314.8	)	$	3.3	$	(241.6	)
Other comprehensive income before reclassifications		26.5			--			0.4		26.9
Amounts reclassified from accumulated other comprehensive loss (income)		(81.3	)		17.4			--		(63.9	)
Total other comprehensive income (loss)		(54.8	)		17.4			0.4		(37.0	)
Balance, June 30, 2015	$	15.1		$	(297.4	)	$	3.7	$	(278.6	)

	Gains (Losses) on Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other		Total
Balance, December 31, 2013	$	(14.7	)	$	(347.2	)	$	2.9	$	(359.0	)
Other comprehensive income before reclassifications		(42.0	)		--			--		(42.0	)
Amounts reclassified from accumulated other comprehensive loss		30.9			15.9			--		46.8
Total other comprehensive income (loss)		(11.1	)		15.9			--		4.8
Balance, June 30, 2014	$	(25.8	)	$	(331.3	)	$	2.9	$	(354.2	)

Reclassification out of Accumulated Other Comprehensive Income (Loss)

The following table presents reclassifications out of accumulated other comprehensive income (loss) into net income during the periods indicated:

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
	Location	2015			2014			2015			2014
Losses (gains) on cash flow hedges:
Interest rate derivatives	Interest expense	$	8.7		$	8.0		$	17.4		$	15.9
Commodity derivatives	Revenue		(20.7	)		15.4			(81.8	)		32.3
Commodity derivatives	Operating costs and expenses		0.5			(0.5	)		0.5			(1.4	)
Total		$	(11.5	)	$	22.9		$	(63.9	)	$	46.8

Declared Quarterly Cash Distribution Rates

The following table presents our declared quarterly cash distribution rates per common unit with respect to the quarter indicated:

	Distribution Per Common Unit		Record Date	Payment Date
2014:
1st Quarter	$	0.3550	4/30/2014	5/7/2014
2nd Quarter	$	0.3600	7/31/2014	8/7/2014
2015:
1st Quarter	$	0.3750	4/30/2015	5/7/2015
2nd Quarter	$	0.3800	7/31/2015	8/7/2015