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v3.23.1

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Revenues: |  |
Third parties | $ 12,431 | $ 12,992
Related parties | 13 | 16
Total revenues | 12,444 | 13,008
Operating costs and expenses: |  |
Third party and other costs | 10,432 | 11,082
Related parties | 325 | 315
Total operating costs and expenses | 10,757 | 11,397
General and administrative costs: |  |
Third party and other costs | 23 | 25
Related parties | 34 | 37
Total general and administrative costs | 57 | 62
Total costs and expenses | 10,814 | 11,459
Equity in income of unconsolidated affiliates | 104 | 117
Operating income | 1,734 | 1,666
Other income (expense): |  |
Interest expense | (314) | (319)
Interest income | 12 | 1
Other, net | 0 | 2
Total other expense, net | (302) | (316)
Income before income taxes | 1,432 | 1,350
Provision for income taxes | (10) | (19)
Net income | 1,422 | 1,331
Net income attributable to noncontrolling interests | (31) | (34)
Net income attributable to preferred units | (1) | (1)
Net income attributable to common unitholders | $ 1,390 | $ 1,296
Earnings per unit: |  |
Basic earnings per common unit (in dollars per unit) | $ 0.63 | $ 0.59
Diluted earnings per common unit (in dollars per unit) | $ 0.63 | $ 0.59

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