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Capital Accounts (Tables) | 9 Months Ended
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Sep. 30, 2024
Capital Accounts [Abstract] |
Summary of Changes in Outstanding Common Units | The following table summarizes changes in the number of our common units outstanding since December 31, 2023:
Common units outstanding at December 31, 2023 |  |  | 2,168,245,238 |
Common unit repurchases under 2019 Buyback Program |  |  | (1,386,835 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 4,679,377 |
Other |  |  | 20,574 |
Common units outstanding at March 31, 2024 |  |  | 2,171,558,354 |
Common unit repurchases under 2019 Buyback Program |  |  | (1,419,581 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 162,867 |
Common units outstanding at June 30, 2024 |  |  | 2,170,301,640 |
Common unit repurchases under 2019 Buyback Program |  |  | (2,646,351 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 96,751 |
Common units outstanding at September 30, 2024 |  |  | 2,167,752,040 |
Summary of Changes in Outstanding Preferred Units | The following table summarizes changes in the number of our Series A Cumulative Convertible Preferred Units (“preferred units”) outstanding since December 31, 2023.
Preferred units outstanding at December 31, 2023 and March 31, 2024 |  |  | 50,412 |
Paid in-kind distribution to third party |  |  | 90 |
Preferred units outstanding at June 30, 2024 |  |  | 50,502 |
Paid in-kind distribution to third party |  |  | 92 |
Preferred units outstanding at September 30, 2024 |  |  | 50,594 |
Components of Accumulated Other Comprehensive Income (Loss) | The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed 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, 2023 |  | $ | 154 |  |  | $ | 151 |  |  | $ | 2 |  |  | $ | 307 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 127 |  |  |  | (2 | ) |  |  | – |  |  |  | 125 |
Reclassification of losses (gains) to net income during period |  |  | (124 | ) |  |  | (5 | ) |  |  | – |  |  |  | (129 | )
Total other comprehensive income (loss) for period |  |  | 3 |  |  |  | (7 | ) |  |  | – |  |  |  | (4 | )
Accumulated Other Comprehensive Income (Loss), September 30, 2024 |  | $ | 157 |  |  | $ | 144 |  |  | $ | 2 |  |  | $ | 303 |
|  | Cash Flow Hedges |  |  |  |  |  |  |
|  | Commodity Derivative Instruments |  |  | Interest Rate Derivative Instruments |  |  | Other |  |  | Total |
Accumulated Other Comprehensive Income (Loss), December 31, 2022 |  | $ | 171 |  |  | $ | 192 |  |  | $ | 2 |  |  | $ | 365 |
Other comprehensive income (loss) for period, before reclassifications |  |  | (139 | ) |  |  | (5 | ) |  |  | – |  |  |  | (144 | )
Reclassification of losses (gains) to net income during period |  |  | (15 | ) |  |  | (3 | ) |  |  | – |  |  |  | (18 | )
Total other comprehensive income (loss) for period |  |  | (154 | ) |  |  | (8 | ) |  |  | – |  |  |  | (162 | )
Accumulated Other Comprehensive Income (Loss), September 30, 2023 |  | $ | 17 |  |  | $ | 184 |  |  | $ | 2 |  |  | $ | 203 |
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table presents reclassifications of losses (gains) out of accumulated other comprehensive income into net income during the periods indicated:
|  |  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
Losses (gains) on cash flow hedges: | Location |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Interest rate derivatives | Interest expense |  | $ | (2 | ) |  | $ | (2 | ) |  | $ | (5 | ) |  | $ | (3 | )
Commodity derivatives | Revenue |  |  | (96 | ) |  |  | 58 |  |  |  | (176 | ) |  |  | 7 |
Commodity derivatives | Operating costs and expenses |  |  | 19 |  |  |  | (25 | ) |  |  | 52 |  |  |  | (22 | )
Total |  |  | $ | (79 | ) |  | $ | 31 |  |  | $ | (129 | ) |  | $ | (18 | )

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