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Earnings Per Unit (Tables) | 12 Months Ended
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Dec. 31, 2021
Earnings Per Unit [Abstract] |
Basic and Diluted Earnings Per Unit | The following table presents our calculation of basic and diluted earnings per common unit for the years indicated:
|  | For the Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
BASIC EARNINGS PER COMMON UNIT |  |  |  |  |  |  |  |  |
Net income attributable to common unitholders |  | $ | 4,634.1 |  |  | $ | 3,774.7 |  |  | $ | 4,591.3 |
Earnings allocated to phantom unit awards (1) |  |  | (37.0 | ) |  |  | (32.0 | ) |  |  | (27.7 | )
Net income allocated to common unitholders |  | $ | 4,597.1 |  |  | $ | 3,742.7 |  |  | $ | 4,563.6 |
Basic weighted-average number of common units outstanding |  |  | 2,183.3 |  |  |  | 2,185.8 |  |  |  | 2,188.6 |
Basic earnings per common unit |  | $ | 2.11 |  |  | $ | 1.71 |  |  | $ | 2.09 |
DILUTED EARNINGS PER COMMON UNIT |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to common unitholders |  | $ | 4,634.1 |  |  | $ | 3,774.7 |  |  | $ | 4,591.3 |
Net income attributable to preferred units |  |  | 3.6 |  |  |  | 0.9 |  |  |  | – |
Net income attributable to limited partners |  | $ | 4,637.7 |  |  | $ | 3,775.6 |  |  | $ | 4,591.3 |
Diluted weighted-average number of units outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Distribution-bearing common units |  |  | 2,183.3 |  |  |  | 2,185.8 |  |  |  | 2,188.6 |
Phantom units (2) |  |  | 17.5 |  |  |  | 15.7 |  |  |  | 13.1 |
Preferred units (2) |  |  | 2.5 |  |  |  | 0.7 |  |  |  | – |
Total |  |  | 2,203.3 |  |  |  | 2,202.2 |  |  |  | 2,201.7 |
Diluted earnings per common unit |  | $ | 2.10 |  |  | $ | 1.71 |  |  | $ | 2.09 |
(1) | Phantom units are considered participating securities for purposes of computing basic earnings per unit. See Note 12 for information regarding the phantom units.
(2) | We use the “if-converted method” to determine the potential dilutive effect of the vesting of phantom unit awards and the conversion of preferred units outstanding. See Note 8 for information regarding preferred units.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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