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Equity and Distributions (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity and Distributions [Abstract] |
Summary of Changes in Outstanding Units | Partners’ equity reflects the classes of our limited partner interests outstanding. Our common units represent limited partner interests, which give the holders thereof the right to participate in distributions and to exercise the other rights or privileges available to them under our Sixth Amended and Restated Agreement of Limited Partnership (as amended from time to time, the “Partnership Agreement”). We are managed by our general partner, Enterprise GP.
|  | Common Units (Unrestricted) |  |  | Restricted Common Units |  |  | Total Common Units |
Number of units issued and outstanding at December 31, 2016 |  |  | 2,116,906,120 |  |  |  | 682,294 |  |  |  | 2,117,588,414 |
Common units issued in connection with ATM program |  |  | 21,807,726 |  |  |  | – |  |  |  | 21,807,726 |
Common units issued in connection with DRIP and EUPP |  |  | 19,046,019 |  |  |  | – |  |  |  | 19,046,019 |
Common units issued in connection with the vesting of phantom unit awards |  |  | 2,485,580 |  |  |  | – |  |  |  | 2,485,580 |
Common units issued in connection with the vesting of restricted common unit awards |  |  | 681,044 |  |  |  | (681,044 | ) |  |  | – |
Forfeiture of restricted common unit awards |  |  | – |  |  |  | (1,250 | ) |  |  | (1,250 | )
Cancellation of treasury units acquired in connection with the vesting of equity-based awards |  |  | (1,027,798 | ) |  |  | – |  |  |  | (1,027,798 | )
Common units issued in connection with employee compensation |  |  | 1,176,103 |  |  |  | – |  |  |  | 1,176,103 |
Other |  |  | 14,685 |  |  |  | – |  |  |  | 14,685 |
Number of units issued and outstanding at December 31, 2017 |  |  | 2,161,089,479 |  |  |  | – |  |  |  | 2,161,089,479 |
Common unit repurchases under Legacy Buyback Program |  |  | (1,236,800 | ) |  |  | – |  |  |  | (1,236,800 | )
Common units issued in connection with DRIP and EUPP |  |  | 19,861,951 |  |  |  | – |  |  |  | 19,861,951 |
Common units issued in connection with the vesting of phantom unit awards |  |  | 3,479,958 |  |  |  | – |  |  |  | 3,479,958 |
Cancellation of treasury units acquired in connection with the vesting of equity-based awards |  |  | (1,037,522 | ) |  |  | – |  |  |  | (1,037,522 | )
Common units issued in connection with employee compensation |  |  | 1,443,586 |  |  |  | – |  |  |  | 1,443,586 |
Common units issued in connection with land acquisition |  |  | 1,223,242 |  |  |  | – |  |  |  | 1,223,242 |
Other |  |  | 45,135 |  |  |  | – |  |  |  | 45,135 |
Number of units issued and outstanding at December 31, 2018 |  |  | 2,184,869,029 |  |  |  | – |  |  |  | 2,184,869,029 |
Common unit repurchases under 2019 Buyback Program |  |  | (2,909,128 | ) |  |  | – |  |  |  | (2,909,128 | )
Common units issued in connection with DRIP and EUPP |  |  | 2,897,990 |  |  |  | – |  |  |  | 2,897,990 |
Common units issued in connection with the vesting of phantom unit awards |  |  | 3,895,049 |  |  |  | – |  |  |  | 3,895,049 |
Cancellation of treasury units acquired in connection with the vesting of equity-based awards |  |  | (1,174,446 | ) |  |  | – |  |  |  | (1,174,446 | )
Common units issued in connection with employee compensation |  |  | 1,626,041 |  |  |  | – |  |  |  | 1,626,041 |
Other |  |  | 21,595 |  |  |  | – |  |  |  | 21,595 |
Number of units issued and outstanding at December 31, 2019 |  |  | 2,189,226,130 |  |  |  | – |  |  |  | 2,189,226,130 |
Components of Accumulated Other Comprehensive Income (Loss) | The following tables present the components of accumulated other comprehensive income (loss) as reported on our Consolidated Balance Sheets at the dates indicated:
|  | Cash Flow Hedges |  |  |  |  |  |  |
|  | Commodity Derivative Instruments |  |  | Interest Rate Derivative Instruments |  |  | Other |  |  | Total |
Accumulated Other Comprehensive Income (Loss), December 31, 2017 |  | $ | (10.1 | ) |  | $ | (165.1 | ) |  | $ | 3.5 |  |  | $ | (171.7 | )
Other comprehensive income (loss) for period, before reclassifications |  |  | 293.2 |  |  |  | 22.2 |  |  |  | (0.5 | ) |  |  | 314.9 |
Reclassification of losses (gains) to net income during period |  |  | (130.4 | ) |  |  | 38.1 |  |  |  | – |  |  |  | (92.3 | )
Total other comprehensive income (loss) for period |  |  | 162.8 |  |  |  | 60.3 |  |  |  | (0.5 | ) |  |  | 222.6 |
Accumulated Other Comprehensive Income (Loss), December 31, 2018 |  |  | 152.7 |  |  |  | (104.8 | ) |  |  | 3.0 |  |  |  | 50.9 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 44.1 |  |  |  | 81.4 |  |  |  | (0.6 | ) |  |  | 124.9 |
Reclassification of losses (gains) to net income during period |  |  | (141.7 | ) |  |  | 37.3 |  |  |  | – |  |  |  | (104.4 | )
Total other comprehensive income (loss) for period |  |  | (97.6 | ) |  |  | 118.7 |  |  |  | (0.6 | ) |  |  | 20.5 |
Accumulated Other Comprehensive Income (Loss), December 31, 2019 |  | $ | 55.1 |  |  | $ | 13.9 |  |  | $ | 2.4 |  |  | $ | 71.4 |
Reclassifications out of Accumulated Other Comprehensive Income (Loss) Into Net Income | The following table presents reclassifications of (income) loss out of accumulated other comprehensive income (loss) into net income during the years indicated:
|  |  | For the Year Ended December 31, |
Losses (gains) on cash flow hedges: | Location |  | 2019 |  |  | 2018 |
Interest rate derivatives | Interest expense |  | $ | 37.3 |  |  | $ | 38.1 |
Commodity derivatives | Revenue |  |  | (152.4 | ) |  |  | (131.7 | )
Commodity derivatives | Operating costs and expenses |  |  | 10.7 |  |  |  | 1.3 |
Total |  |  | $ | (104.4 | ) |  | $ | (92.3 | )
Declared Quarterly Cash Distribution Rates | The following table presents Enterprise’s declared quarterly cash distribution rates per common unit with respect to the quarter indicated. Actual cash distributions are paid by Enterprise within 45 days after the end of each fiscal quarter.
|  | Distribution Per Common Unit |  | Record Date | Payment Date
2017: |  |  |  |  |
1st Quarter |  | $ | 0.4150 |  | 4/28/2017 | 5/8/2017
2nd Quarter |  | $ | 0.4200 |  | 7/31/2017 | 8/7/2017
3rd Quarter |  | $ | 0.4225 |  | 10/31/2017 | 11/7/2017
4th Quarter |  | $ | 0.4250 |  | 1/31/2018 | 2/7/2018
2018: |  |  |  |  |  |
1st Quarter |  | $ | 0.4275 |  | 4/30/2018 | 5/8/2018
2nd Quarter |  | $ | 0.4300 |  | 7/31/2018 | 8/8/2018
3rd Quarter |  | $ | 0.4325 |  | 10/31/2018 | 11/8/2018
4th Quarter |  | $ | 0.4350 |  | 1/31/2019 | 2/8/2019
2019: |  |  |  |  |  |
1st Quarter |  | $ | 0.4375 |  | 4/30/2019 | 5/13/2019
2nd Quarter |  | $ | 0.4400 |  | 7/31/2019 | 8/13/2019
3rd Quarter |  | $ | 0.4425 |  | 10/31/2019 | 11/12/2019
4th Quarter |  | $ | 0.4450 |  | 1/31/2020 | 2/12/2020

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