Net Income per Limited Partner Unit (Tables)

6 Months Ended

Jun. 30, 2023

A reconciliation of income or loss and weighted average units used in computing basic and diluted income per common unit is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income	$	1,233	$	1,622	$	2,680	$	3,109
Less: Net income attributable to noncontrolling interests	308		284		629		489
Less: Net income attributable to redeemable noncontrolling interests	14		12		27		25
Net income, net of noncontrolling interests	911		1,326		2,024		2,595
Less: General Partner’s interest in net income	1		1		2		2
Less: Preferred Unitholders’ interest in net income	113		105		222		211
Common Unitholders’ interest in net income	$	797	$	1,220	$	1,800	$	2,382
Basic Income per Common Unit:
Weighted average common units	3,126.9		3,085.9		3,111.3		3,084.7
Basic income per common unit	$	0.25	$	0.40	$	0.58	$	0.77

Diluted Income per Common Unit:
Common Unitholders’ interest in net income	$	797	$	1,220	$	1,800	$	2,382
Dilutive effect of equity-based compensation of subsidiaries (1)	—		—		1		1
Diluted income attributable to Common Unitholders	$	797	$	1,220	$	1,799	$	2,381
Weighted average common units	3,126.9		3,085.9		3,111.3		3,084.7
Dilutive effect of unvested restricted unit awards (1)	21.3		19.8		21.7		19.5
Weighted average common units, assuming dilutive effect of unvested restricted unit awards	3,148.2		3,105.7		3,133.0		3,104.2
Diluted income per common unit	$	0.25	$	0.39	$	0.57	$	0.77

(1)Dilutive effects are excluded from the calculation for periods where the impact would have been antidilutive.