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v3.23.2

UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Revenues: |  |  |  |
Third parties | $ 10,638 | $ 16,041 | $ 23,069 | $ 29,033
Related parties | 13 | 19 | 26 | 35
Total revenues | 10,651 | 16,060 | 23,095 | 29,068
Operating costs and expenses: |  |  |  |
Third party and other costs | 8,805 | 14,004 | 19,237 | 25,086
Related parties | 332 | 337 | 657 | 652
Total operating costs and expenses | 9,137 | 14,341 | 19,894 | 25,738
General and administrative costs: |  |  |  |
Third party and other costs | 18 | 24 | 41 | 49
Related parties | 38 | 38 | 72 | 75
Total general and administrative costs | 56 | 62 | 113 | 124
Total costs and expenses | 9,193 | 14,403 | 20,007 | 25,862
Equity in income of unconsolidated affiliates | 121 | 107 | 225 | 224
Operating income | 1,579 | 1,764 | 3,313 | 3,430
Other income (expense): |  |  |  |
Interest expense | (302) | (309) | (616) | (628)
Interest income | 5 | 2 | 17 | 3
Other, net | 14 | 0 | 14 | 2
Total other expense, net | (283) | (307) | (585) | (623)
Income before income taxes | 1,296 | 1,457 | 2,728 | 2,807
Provision for income taxes | (13) | (17) | (23) | (36)
Net income | 1,283 | 1,440 | 2,705 | 2,771
Net income attributable to noncontrolling interests | (29) | (28) | (60) | (62)
Net income attributable to preferred units | (1) | (1) | (2) | (2)
Net income attributable to common unitholders | $ 1,253 | $ 1,411 | $ 2,643 | $ 2,707
Earnings per unit: |  |  |  |
Basic earnings per common unit (in dollars per unit) | $ 0.57 | $ 0.64 | $ 1.21 | $ 1.23
Diluted earnings per common unit (in dollars per unit) | $ 0.57 | $ 0.64 | $ 1.2 | $ 1.23

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