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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Total revenues $ 13,495 $ 14,514 $ 40,493 $ 40,514
COSTS AND EXPENSES:        
Cost of products sold 9,890 11,093 29,607 31,681
Operating expenses 806 784 2,406 2,280
Depreciation, depletion and amortization 784 750 2,343 2,109
Selling, general and administrative 173 184 499 515
Impairment losses 12 0 62 0
Total costs and expenses 11,665 12,811 34,917 36,585
OPERATING INCOME 1,830 1,703 5,576 3,929
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (579) (535) (1,747) (1,511)
Equity in earnings of unconsolidated affiliates 82 87 224 258
Losses on extinguishments of debt 0 0 (18) (106)
Gains (losses) on interest rate derivatives (175) 45 (371) 117
Other, net 57 41 99 97
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE 1,215 1,341 3,763 2,784
Income tax expense (benefit) from continuing operations 54 (52) 214 6
INCOME FROM CONTINUING OPERATIONS 1,161 1,393 3,549 2,778
Loss from discontinued operations, net of income taxes 0 (2) 0 (265)
NET INCOME 1,161 1,391 3,549 2,513
Less: Net income attributable to noncontrolling interests 317 1,008 931 1,412
Less: Net income attributable to redeemable noncontrolling interests 12 12 38 24
NET INCOME ATTRIBUTABLE TO PARTNERS 832 371 2,580 1,077
General Partner’s interest in net income 1 1 3 3
Series A Convertible Preferred Unitholders' interest in income 0 0 0 33
Limited Partners’ interest in net income $ 831 $ 370 $ 2,577 $ 1,041
INCOME FROM CONTINUING OPERATIONS PER LIMITED PARTNER UNIT:        
Basic $ 0.32 $ 0.32 $ 0.98 $ 0.94
Diluted 0.32 0.32 0.98 0.94
NET INCOME PER LIMITED PARTNER UNIT:        
Basic 0.32 0.32 0.98 0.93
Diluted $ 0.32 $ 0.32 $ 0.98 $ 0.93
Refined product sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax $ 4,311 $ 4,777 $ 12,514 $ 12,980
Crude sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 3,971 3,844 11,842 11,344
NGL sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 1,723 2,870 6,121 7,461
Gathering, transportation and other fees        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 2,466 1,781 6,768 4,878
Natural gas sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 822 1,026 2,549 3,112
Other        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax $ 202 $ 216 $ 699 $ 739