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Capital Accounts (Tables) | 12 Months Ended
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Dec. 31, 2021
Capital Accounts [Abstract] |
Summary of Changes in Outstanding Units | The following table summarizes changes in the number of our common units outstanding since December 31, 2018:
Common units outstanding at December 31, 2018 |  |  | 2,184,869,029 |
Common unit repurchases under 2019 Buyback Program |  |  | (2,909,128 | )
Common units issued in connection with DRIP and EUPP |  |  | 2,897,990 |
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 2,720,603 |
Common units issued in connection with employee compensation |  |  | 1,626,041 |
Other |  |  | 21,595 |
Common units outstanding at December 31, 2019 |  |  | 2,189,226,130 |
Common units issued to Skyline North Americas, Inc. in connection with settlement of Liquidity Option in March 2020 |  |  | 54,807,352 |
Treasury units acquired in connection with settlement of the Liquidity Option in March 2020 |  |  | (54,807,352 | )
Common unit repurchases under 2019 Buyback Program |  |  | (8,978,317 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 3,162,095 |
Common units exchanged for preferred units in September 2020, with the common units received being immediately cancelled |  |  | (1,120,588 | )
Other |  |  | 19,638 |
Common units outstanding at December 31, 2020 |  |  | 2,182,308,958 |
Common unit repurchases under 2019 Buyback Program |  |  | (9,891,956 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 3,936,437 |
Other |  |  | 26,148 |
Common units outstanding at December 31, 2021 |  |  | 2,176,379,587 |
The following table summarizes changes in the number of our preferred units outstanding since September 30, 2020:
Original issuance of preferred units outstanding on September 30, 2020 |  |  | 50,000 |
Paid-in kind distribution to related party |  |  | 138 |
Preferred units outstanding at December 31, 2020 |  |  | 50,138 |
Paid-in kind distribution to related party |  |  | 274 |
Preferred units outstanding at December 31, 2021 |  |  | 50,412 |
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, 2019 |  | $ | 55.1 |  |  | $ | 13.9 |  |  | $ | 2.4 |  |  | $ | 71.4 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 124.4 |  |  |  | (127.5 | ) |  |  | (0.1 | ) |  |  | (3.2 | )
Reclassification of losses (gains) to net income during period |  |  | (272.7 | ) |  |  | 39.3 |  |  |  | – |  |  |  | (233.4 | )
Total other comprehensive income (loss) for period |  |  | (148.3 | ) |  |  | (88.2 | ) |  |  | (0.1 | ) |  |  | (236.6 | )
Accumulated Other Comprehensive Income (Loss), December 31, 2020 |  |  | (93.2 | ) |  |  | (74.3 | ) |  |  | 2.3 |  |  |  | (165.2 | )
Other comprehensive income (loss) for period, before reclassifications |  |  | (677.7 | ) |  |  | 182.9 |  |  |  | (0.3 | ) |  |  | (495.1 | )
Reclassification of losses (gains) to net income during period |  |  | 907.8 |  |  |  | 38.3 |  |  |  | 0.1 |  |  |  | 946.2 |
Total other comprehensive income (loss) for period |  |  | 230.1 |  |  |  | 221.2 |  |  |  | (0.2 | ) |  |  | 451.1 |
Accumulated Other Comprehensive Income (Loss), December 31, 2021 |  | $ | 136.9 |  |  | $ | 146.9 |  |  | $ | 2.1 |  |  | $ | 285.9 |
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 |  | 2021 |  |  | 2020 |
Interest rate derivatives | Interest expense |  | $ | 38.3 |  |  | $ | 39.3 |
Commodity derivatives | Revenue |  |  | 893.3 |  |  |  | (282.6 | )
Commodity derivatives | Operating costs and expenses |  |  | 14.5 |  |  |  | 9.9 |
Total |  |  | $ | 946.1 |  |  | $ | (233.4 | )
Noncontrolling Interests | Noncontrolling interests represent third party ownership interests in our consolidated subsidiaries. The following table presents the components of noncontrolling interests as reported on our Consolidated Balance Sheets at the dates indicated:
|  | At December 31, |
Consolidated Subsidiary |  | 2021 |  |  | 2020 |
Breviloba LLC (“Breviloba”)(1) |  | $ | 461.6 |  |  | $ | 480.4 |
Whitethorn Pipeline Company LLC (“Whitethorn”)(2) |  |  | 188.3 |  |  |  | 193.0 |
Enterprise Navigator Ethylene Terminal LLC (“ENET”)(3) |  |  | 141.9 |  |  |  | 142.2 |
Other (4) |  |  | 317.8 |  |  |  | 257.7 |
Total noncontrolling interests in consolidated subsidiaries |  | $ | 1,109.6 |  |  | $ | 1,073.3 |
(1) | Altus Midstream Processing LP acquired a noncontrolling 33% equity interest in Breviloba, which owns the Shin Oak NGL Pipeline, in July 2019 for $440.7 million in cash.
(2) | An affiliate of Western Gas Partners, LP owns a noncontrolling 20% equity interest in Whitethorn, which owns the majority of our Midland-to-ECHO 1 pipeline.
(3) | Navigator Ethylene Terminals LLC owns a noncontrolling 50% equity interest in ENET, which owns our ethylene export terminal located at Morgan’s Point on the Houston Ship Channel.
(4) | Primarily represents noncontrolling equity interests in NGL fractionation and pipeline businesses.
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.
|  | Quarterly Distribution Per Common Unit |  | Record Date | Payment Date
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
2020: |  |  |  |  |  |
1st Quarter |  | $ | 0.4450 |  | 4/30/2020 | 5/12/2020
2nd Quarter |  | $ | 0.4450 |  | 7/31/2020 | 8/12/2020
3rd Quarter |  | $ | 0.4450 |  | 10/30/2020 | 11/12/2020
4th Quarter |  | $ | 0.4500 |  | 1/29/2021 | 2/11/2021
2021: |  |  |  |  |  |
1st Quarter |  | $ | 0.4500 |  | 4/30/2021 | 5/12/2021
2nd Quarter |  | $ | 0.4500 |  | 7/30/2021 | 8/12/2021
3rd Quarter |  | $ | 0.4500 |  | 10/29/2021 | 11/12/2021
4th Quarter |  | $ | 0.4650 |  | 1/31/2022 | 2/11/2022

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