Partners' Capital and Distributions (Tables)

9 Months Ended

Sep. 30, 2013

Total cash distributions paid or to be paid

The following table details the distributions paid during or pertaining to the first nine months of 2013, net of reductions to the general partner’s incentive distributions (in millions, except per unit amounts):

		Distributions Paid								Distributions
		Common		General Partner						per limited
Date Declared	Date Paid or To Be Paid	Units		Incentive		2%		Total		partner unit
October 1, 2013	November 14, 2013 (1)	$	206	$	95	$	4	$	305	$	0.6000
July 8, 2013	August 14, 2013	$	201	$	91	$	4	$	296	$	0.5875
April 8, 2013	May 15, 2013	$	195	$	86	$	4	$	285	$	0.5750
January 7, 2013	February 14, 2013	$	189	$	81	$	4	$	274	$	0.5625

(1) Payable to unitholders of record at the close of business on November 1, 2013, for the period July 1, 2013 through September 30, 2013.

Schedule of impact of changes in the entity's ownership interest in subsidiary on the entity's capital

The following table sets forth the impact upon net income attributable to Plains giving effect to the changes in our ownership interest in PNG, which is recognized in partners’ capital (in millions):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Net income attributable to Plains	$	231	$	165	$	1,052	$	774
Transfers to the noncontrolling interests:
Increase in capital from sale of PNG units	2		—		8		—
Change from net income attributable to Plains and net transfers to the noncontrolling interests	$	233	$	165	$	1,060	$	774

Schedule of changes in noncontrolling interests in partners' capital

The following table reflects the changes in the noncontrolling interests in partners’ capital (in millions):

	Nine Months Ended
	September 30,
	2013			2012
Beginning balance	$	509		$	524
Net income attributable to noncontrolling interests	22			23
Distributions to noncontrolling interests	(37		)	(36		)
Equity-indexed compensation expense	3			3
Distribution equivalent right payments	—			(1		)
Issuance of PNG common units	32			—
Other comprehensive income/(loss):
Reclassification adjustments	6			(7		)
Net deferred loss on cash flow hedges	(1		)	(1		)
Ending balance	$	534		$	505

- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References+ Details