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Equity and Distributions (Tables) | 9 Months Ended
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Sep. 30, 2015
Equity and Distributions [Abstract] |
Summary of Changes in Outstanding Units | 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 ATM program | 23,258,453 |  | -- |  | 23,258,453
Common units issued in connection with DRIP and EUPP | 8,251,315 |  | -- |  | 8,251,315
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 | 333,002 |  | -- |  | 333,002
Common units issued in connection with the vesting of phantom unit awards | 613,689 |  | -- |  | 613,689
Common units issued in connection with the vesting of restricted common unit awards | 1,997,194 |  | (1,997,194) |  | --
Forfeiture of restricted common unit awards | -- |  | (157,750) |  | (157,750)
Acquisition and cancellation of treasury units in connection with the vesting of equity-based awards | (680,496) |  | -- |  | (680,496)
Other | 15,054 |  | -- |  | 15,054
Number of units outstanding at September 30, 2015 | 2,003,710,755 |  | 2,074,846 |  | 2,005,785,601
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 |  |  | 112.3 |  |  |  | -- |  |  |  | 0.4 |  |  |  | 112.7 |
Amounts reclassified from accumulated other comprehensive loss (income) |  |  | (128.1 | ) |  |  | 26.3 |  |  |  | -- |  |  |  | (101.8 | )
Total other comprehensive income (loss) |  |  | (15.8 | ) |  |  | 26.3 |  |  |  | 0.4 |  |  |  | 10.9 |
Balance, September 30, 2015 |  | $ | 54.1 |  |  | $ | (288.5 | ) |  | $ | 3.7 |  |  | $ | (230.7 | )
|  | 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 |  |  | 16.1 |  |  |  | -- |  |  |  | -- |  |  |  | 16.1 |
Amounts reclassified from accumulated other comprehensive loss |  |  | 12.9 |  |  |  | 23.9 |  |  |  | -- |  |  |  | 36.8 |
Total other comprehensive income |  |  | 29.0 |  |  |  | 23.9 |  |  |  | -- |  |  |  | 52.9 |
Balance, September 30, 2014 |  | $ | 14.3 |  |  | $ | (323.3 | ) |  | $ | 2.9 |  |  | $ | (306.1 | )
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 September 30, |  |  | For the Nine Months Ended September 30, |
| Location |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Losses (gains) on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives | Interest expense |  | $ | 8.9 |  |  | $ | 8.0 |  |  | $ | 26.3 |  |  | $ | 23.9 |
Commodity derivatives | Revenue |  |  | (46.8 | ) |  |  | (17.8 | ) |  |  | (128.6 | ) |  |  | 14.5 |
Commodity derivatives | Operating costs and expenses |  |  | -- |  |  |  | (0.2 | ) |  |  | 0.5 |  |  |  | (1.6 | )
Total |  |  | $ | (37.9 | ) |  | $ | (10.0 | ) |  | $ | (101.8 | ) |  | $ | 36.8 |
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
3rd Quarter |  | $ | 0.3650 |  | 10/31/2014 | 11/7/2014
2015: |  |  |  |  |  |
1st Quarter |  | $ | 0.3750 |  | 4/30/2015 | 5/7/2015
2nd Quarter |  | $ | 0.3800 |  | 7/31/2015 | 8/7/2015
3rd Quarter |  | $ | 0.3850 |  | 10/30/2015 | 11/6/2015

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