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Capital Accounts (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2020:
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 |
Common unit repurchases under 2019 Buyback Program |  |  | (10,166,923 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 4,571,333 |
Other |  |  | 22,350 |
Common units outstanding at December 31, 2022 |  |  | 2,170,806,347 |
Common unit repurchases under 2019 Buyback Program |  |  | (7,244,540 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 4,662,539 |
Other |  |  | 20,892 |
Common units outstanding at December 31, 2023 |  |  | 2,168,245,238 |
The following table summarizes changes in the number of our preferred units outstanding since December 31, 2020:
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 |
Preferred units outstanding at December 31, 2022 |  |  | 50,412 |
Preferred units outstanding at December 31, 2023 |  |  | 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, 2021 |  | $ | 137 |  |  | $ | 147 |  |  | $ | 2 |  |  | $ | 286 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 254 |  |  |  | 26 |  |  |  | – |  |  |  | 280 |
Reclassification of losses (gains) to net income during period |  |  | (220 | ) |  |  | 19 |  |  |  | – |  |  |  | (201 | )
Total other comprehensive income (loss) for period |  |  | 34 |  |  |  | 45 |  |  |  | – |  |  |  | 79 |
Accumulated Other Comprehensive Income (Loss), December 31, 2022 |  |  | 171 |  |  |  | 192 |  |  |  | 2 |  |  |  | 365 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 93 |  |  |  | (36 | ) |  |  | – |  |  |  | 57 |
Reclassification of losses (gains) to net income during period |  |  | (110 | ) |  |  | (5 | ) |  |  | – |  |  |  | (115 | )
Total other comprehensive income (loss) for period |  |  | (17 | ) |  |  | (41 | ) |  |  | – |  |  |  | (58 | )
Accumulated Other Comprehensive Income (Loss), December 31, 2023 |  | $ | 154 |  |  | $ | 151 |  |  | $ | 2 |  |  | $ | 307 |
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 |  | 2023 |  |  | 2022 |
Interest rate derivatives | Interest expense |  | $ | (5 | ) |  | $ | 19 |
Commodity derivatives | Revenue |  |  | (106 | ) |  |  | (181 | )
Commodity derivatives | Operating costs and expenses |  |  | (4 | ) |  |  | (39 | )
Total |  |  | $ | (115 | ) |  | $ | (201 | )
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 |  | 2023 |  |  | 2022 |
Breviloba LLC (“Breviloba”)(1) |  | $ | 436 |  |  | $ | 448 |
Whitethorn Pipeline Company LLC (“Whitethorn”)(2) |  |  | 182 |  |  |  | 183 |
Enterprise Navigator Ethylene Terminal LLC (“ENET”)(3) |  |  | 166 |  |  |  | 141 |
Other (4) |  |  | 302 |  |  |  | 307 |
Total noncontrolling interests in consolidated subsidiaries |  | $ | 1,086 |  |  | $ | 1,079 |
(1) | An affiliate of Kinetik Holdings Inc. owns a noncontrolling 33% equity interest in Breviloba, which owns the Shin Oak NGL Pipeline.
(2) | An affiliate of Western Midstream Partners, LP (“Western Midstream”) owns a noncontrolling 20% equity interest in Whitethorn, which owns the Midland-to-Sealy section 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
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
2022: |  |  |  |  |  |
1st Quarter |  | $ | 0.4650 |  | 4/29/2022 | 5/12/2022
2nd Quarter |  | $ | 0.4750 |  | 7/29/2022 | 8/12/2022
3rd Quarter |  | $ | 0.4750 |  | 10/31/2022 | 11/14/2022
4th Quarter |  | $ | 0.4900 |  | 1/31/2023 | 2/14/2023
2023: |  |  |  |  |  |
1st Quarter |  | $ | 0.4900 |  | 4/28/2023 | 5/12/2023
2nd Quarter |  | $ | 0.5000 |  | 7/31/2023 | 8/14/2023
3rd Quarter |  | $ | 0.5000 |  | 10/31/2023 | 11/14/2023
4th Quarter |  | $ | 0.5150 |  | 1/31/2024 | 2/14/2024

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