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Equity Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2012
Equity Compensation Plans |
Schedule of estimated vesting date for PAA long term incentive plan awards outstanding | At December 31, 2012, the following LTIP awards, denominated in PAA Units, were outstanding (units in millions):
|  | PAA |  |  |  |  |  |  |  |  |  |  |
LTIP Units |  | Distribution |  | Estimated Unit Vesting Date |
Outstanding (1) (2) |  | Required (3) |  | 2013 |  | 2014 |  | 2015 |  | 2016 |  | Thereafter |
6.0 |  | $1.925 - $2.40 |  | 1.9 |  | 1.7 |  | 2.0 |  | 0.3 |  | 0.1 |
(1) Approximately 2.9 million of the 6.0 million outstanding PAA LTIP awards also include DERs, of which 2.7 million had vested as of December 31, 2012. (2) LTIP units outstanding do not include AAP LP Class B Units described below. (3) These LTIP awards have performance conditions requiring the attainment of an annualized PAA distribution of between $1.925 and $2.40 and vest upon the later of a certain date or the attainment of such levels. If the performance conditions are not attained while the grantee remains employed by us, or the grantee does not meet employment requirements, these awards will be forfeited. For purposes of this disclosure, vesting dates are based on an estimate of future distribution levels and assume that all grantees remain employed by us through the vesting date.
Summary of Class B unit awards |
|  | Reserved for Future Grants |  | Outstanding |  | Outstanding Units Earned |  |  | Grant Date Fair Value Of Outstanding Class B Units (1) |
|  |  |  |  |  |  |  |  | (in millions) |
Balance as of December 31, 2011 |  | 16,500 |  | 183,500 |  | 80,063 |  |  | $ | 44 |
Forfeitures |  | 1,375 |  | (1,375 | ) | — |  |  | — |
Earned |  | N/A |  | N/A |  | 50,187 |  |  | N/A |
Balance as of December 31, 2012 |  | 17,875 |  | 182,125 |  | 130,250 |  |  | $ | 44 |
(1) Of the grant date fair value, approximately $6 million and $9 million was recognized as expense during the years ended December 31, 2012 and 2011, respectively.
Schedule of estimated vesting date for PNG long term incentive plan awards outstanding | At December 31, 2012, the following LTIP awards, denominated in PNG Units, were outstanding (units in millions):
LTIP Units Outstanding |  | PNG Distribution Required |  |  |  |  |  |  |  |  |  |  |
| Estimated Unit Vesting Date |
| 2013 |  | 2014 |  | 2015 |  | 2016 |  | Thereafter |
0.4 | (1) | $1.35 - $1.55 |  | 0.1 |  | 0.1 |  | — |  | 0.2 |  | — |
0.2 | (2) | Other |  | — |  | 0.2 |  | — |  |  |  | — |
0.6 | (3) (4) |  |  | 0.1 |  | 0.3 |  | — |  | 0.2 |  | — |
(1) These LTIP awards have performance conditions requiring the attainment of an annualized PNG distribution of between $1.35 and $1.55 and vest upon attainment of such levels. For purposes of this disclosure, vesting dates are based on an estimate of future distribution levels and assume that all grantees remain employed by us through the vesting date. (2) These LTIP awards have performance conditions requiring the conversion of PNG’s Series A subordinated units (see Note 10). For purposes of this disclosure, vesting dates are based on an estimate of future distribution levels and assume that all grantees remain employed by us through the vesting date. (3) Approximately 0.5 million of the 0.6 million outstanding PNG LTIP awards also include DERs, of which approximately 0.2 million had vested as of December 31, 2012. (4) LTIP units outstanding do not include the PNG Transaction Grants or PNGS GP LLC Class B Units described below.
Summary of equity compensation activity |
|  | PAA Units (1) (2) |  | PNG Units (3) (4) (5) (6) |
|  |  |  | Weighted Average |  |  |  | Weighted Average |
|  |  |  | Grant Date |  |  |  | Grant Date |
|  | Units |  | Fair Value per Unit |  | Units |  | Fair Value per Unit |
Outstanding, December 31, 2009 |  | 7.8 |  | $ | 18.20 |  | — |  | $ | — |
Granted |  | 4.0 |  | $ | 22.83 |  | 1.1 |  | $ | 20.49 |
Vested |  | (2.2 | ) | $ | 16.10 |  | — |  | $ | — |
Cancelled or forfeited |  | (0.8 | ) | $ | 17.81 |  | (0.1 | ) | $ | 19.22 |
Outstanding, December 31, 2010 |  | 8.8 |  | $ | 20.85 |  | 1.0 |  | $ | 20.55 |
Granted |  | 1.0 |  | $ | 27.53 |  | — |  | $ | — |
Vested |  | (1.4 | ) | $ | 20.34 |  | (0.1 | ) | $ | 23.62 |
Cancelled or forfeited |  | (0.4 | ) | $ | 20.99 |  | (0.1 | ) | $ | 19.20 |
Outstanding, December 31, 2011 |  | 8.0 |  | $ | 21.77 |  | 0.8 |  | $ | 20.55 |
Granted |  | 1.5 |  | $ | 33.90 |  | 0.1 |  | $ | 15.33 |
Vested |  | (3.2 | ) | $ | 19.82 |  | — |  | $ | 23.64 |
Cancelled or forfeited |  | (0.3 |  | $ | 29.36 |  | — |  | $ | — |
Outstanding, December 31, 2012 |  | 6.0 |  | $ | 25.55 |  | 0.9 |  | $ | 17.49 |
(1) Amounts do not include AAP LP Class B Units. (2) PAA Units are presented as adjusted for the two-for-one unit split effected on October 1, 2012. (3) Amounts do not include PNGS GP LLC Class B Units. (4) Amounts include PNG Transaction Grants. (5) Weighted average grant date fair value per unit for PNG Units outstanding at December 31, 2012 is impacted by the modification of PNG awards during the first quarter of 2012 as discussed above. (6) Less than 0.1 million PNG Units vested during the twelve months ended December 31, 2012.
Summary of expense recognized and value of vesting related to equity compensation plans |
|  | 2012 |  | 2011 |  | 2010 |
Equity compensation expense (1) |  | $ | 101 |  | $ | 110 |  | $ | 98 |
LTIP unit-settled vestings (2) |  | $ | 62 |  | $ | 24 |  | $ | 26 |
LTIP cash-settled vestings |  | $ | 66 |  | $ | 19 |  | $ | 36 |
DER cash payments |  | $ | 7 |  | $ | 4 |  | $ | 4 |
(1) Includes expense associated with equity and liability classified awards. (2) For the years ended December 31, 2012 and 2011, approximately $1 million and $2 million, respectively, relates to unit vestings which were settled with PNG common units.
Equity compensation plan fair value amortization |
|  | Equity Compensation |
|  | Plan Fair Value |
Year |  | Amortization (1) (2) |
2013 |  | $ | 49 |
2014 |  | 26 |
2015 |  | 10 |
2016 |  | 3 |
2017 |  | — |
Total |  | $ | 88 |
(1) Amounts do not include fair value associated with awards containing performance conditions that are not considered to be probable of occurring at December 31, 2012. (2) Includes unamortized fair value associated with AAP LP Class B Units, PNGS GP LLC Class B Units and PNG Transaction Grants.

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- Definition Disclosure of the number of award units under the long-term incentive plan of a subsidiary that validly exist and are outstanding as of the balance-sheet date. This disclosure stratifies the number of outstanding units by ranges of the company's vesting distribution amounts and by the estimated unit vesting date. + References No definition available. + Details
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- Definition Disclosure of the number of award units under the long-term incentive plan that validly exist and are outstanding as of the balance-sheet date. This disclosure stratifies the number of outstanding units by ranges of the company's vesting distribution amounts and by the estimated unit vesting date. + References No definition available. + Details
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- Definition Disclosure that sets forth the estimated equity compensation plan fair value amortization to be recognized as an expense for each of the five succeeding fiscal years. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in a particular unit class of the general partner. Includes changes in units reserved for future grants and outstanding units. + References No definition available. + Details
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- Definition Disclosure that sets forth the equity compensation plan expense, the fair value of vesting (settled both in units and cash) related to the equity compensation plans, and the cash payments related to distribution equivalent rights for the period. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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