Net Income per Limited Partner Unit (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	1,047	$	1,322	$	3,727	$	4,431
Less: Net income attributable to noncontrolling interests	451		304		1,080		793
Less: Net income attributable to redeemable noncontrolling interests	12		12		39		37
Net income, net of noncontrolling interests	584		1,006		2,608		3,601
Less: General Partner’s interest in net income	—		1		2		3
Less: Preferred Unitholders’ interest in net income	118		106		340		317
Common Unitholders’ interest in net income	$	466	$	899	$	2,266	$	3,281
Basic Income per Common Unit:
Weighted average common units	3,144.0		3,087.6		3,122.3		3,085.6
Basic income per common unit	$	0.15	$	0.29	$	0.73	$	1.06

Diluted Income per Common Unit:
Common Unitholders’ interest in net income	$	466	$	899	$	2,266	$	3,281
Dilutive effect of equity-based compensation of subsidiaries (1)	1		—		2		2
Diluted income attributable to Common Unitholders	$	465	$	899	$	2,264	$	3,279
Weighted average common units	3,144.0		3,087.6		3,122.3		3,085.6
Dilutive effect of unvested restricted unit awards (1)	23.7		21.0		23.6		20.8
Weighted average common units, assuming dilutive effect of unvested restricted unit awards	3,167.7		3,108.6		3,145.9		3,106.4
Diluted income per common unit	$	0.15	$	0.29	$	0.72	$	1.06

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