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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Total revenues $ 13,121 $ 11,882
COSTS AND EXPENSES:    
Cost of products sold 9,415 9,245
Operating expenses 808 724
Depreciation, depletion and amortization 774 665
Selling, general and administrative 147 148
Impairment losses 50 0
Total costs and expenses 11,194 10,782
OPERATING INCOME 1,927 1,100
OTHER INCOME (EXPENSE):    
Interest expense, net of interest capitalized (590) (466)
Equity in earnings of unconsolidated affiliates 65 79
Losses on extinguishments of debt (18) (106)
Gains (losses) on interest rate derivatives (74) 52
Other, net (4) 57
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (BENEFIT) 1,306 716
Income tax expense (benefit) from continuing operations 126 (10)
INCOME FROM CONTINUING OPERATIONS 1,180 726
Loss from discontinued operations, net of income taxes 0 (237)
NET INCOME 1,180 489
Less: Net income attributable to noncontrolling interest 297 126
Less: Net income attributable to redeemable noncontrolling interests 13 0
NET INCOME ATTRIBUTABLE TO PARTNERS 870 363
General Partner’s interest in net income 1 1
Series A Convertible Preferred Unitholders' interest in income 0 21
Limited Partners’ interest in net income $ 869 $ 341
INCOME FROM CONTINUING OPERATIONS PER LIMITED PARTNER UNIT:    
Basic $ 0.33 $ 0.32
Diluted 0.33 0.32
NET INCOME PER LIMITED PARTNER UNIT:    
Basic 0.33 0.31
Diluted $ 0.33 $ 0.31
Refined product sales    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax $ 3,726 $ 3,603
Crude sales    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax 3,525 3,256
NGL sales    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax 2,402 2,235
Gathering, transportation and other fees    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax 2,267 1,430
Natural gas sales    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax 964 1,062
Other    
REVENUES:    
Revenue from Contract with Customer, Including Assessed Tax $ 237 $ 296