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Equity-Indexed Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2013
Equity-Indexed Compensation Plans |
Schedule of estimated vesting date for PAA long-term incentive plan awards outstanding |
|  | PAA |  |  |  |  |  |  |  |  |  |  |
LTIP Units |  | Distribution |  | Estimated Unit Vesting Date |
Outstanding (1) (2) |  | Required (3) |  | 2014 |  | 2015 |  | 2016 |  | 2017 |  | Thereafter |
8.4 |  | $1.925 - $2.65 |  | 1.9 |  | 2.1 |  | 2.0 |  | 1.3 |  | 1.1 |
(1) Approximately 4.5 million of the 8.4 million outstanding PAA LTIP awards also include DERs, of which 3.0 million had vested as of December 31, 2013. (2) LTIP units outstanding do not include AAP Management Units. (3) These LTIP awards have performance conditions requiring the attainment of an annualized PAA distribution of between $1.925 and $2.65 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 equity-indexed compensation activity for long-term incentive plan awards |
|  | PAA Units (1) (3) |  | PNG Units (2) (4) |
|  |  |  | Weighted Average |  |  |  | Weighted Average |
|  |  |  | Grant Date |  |  |  | Grant Date |
|  | Units |  | Fair Value per Unit |  | Units |  | Fair Value per Unit |
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 |
Granted |  | 4.1 |  | $ | 47.60 |  | 0.4 |  | $ | 17.51 |
Vested |  | (1.8 | ) | $ | 24.79 |  | — |  | $ | 18.88 |
Cancelled or forfeited (5) |  | (0.3 | ) | $ | 36.70 |  | (0.3 | ) | $ | 21.62 |
Conversion of PNG unit-denominated awards into PAA unit-denominated awards (6) |  | 0.4 |  | $ | 40.54 |  | (1.0 | ) | $ | 16.41 |
Outstanding, December 31, 2013 |  | 8.4 |  | $ | 36.97 |  | — |  | $ | — |
(1) Amounts do not include AAP Management Units. (2) Amounts include PNG Transaction Grants, which are discussed further below. (3) Approximately 0.5 million, 1.0 million, and 0.5 million PAA common units were issued net of tax withholding of approximately 0.3 million, 0.5 million and 0.2 million units, in 2013, 2012, and 2011 respectively, in connection with the settlement of vested awards. The remaining 1.0 million, 1.7 million and 0.8 million of awards that vested during 2013, 2012 and 2011 respectively, were settled in cash. (4) Less than 0.1 million PNG units vested during each of the years ended December 31, 2013 and December 31, 2012. (5) As a result of the PNG Merger on December 31, 2013, approximately 0.3 million outstanding PNG Transaction Grants were cancelled. (6) As a result of the PNG Merger on December 31, 2013, outstanding awards of PNG phantom units were converted into comparable awards of PAA phantom units representing the right to receive PAA common units by applying the Merger Exchange Ratio to each outstanding PNG phantom unit and rounding down to the nearest PAA phantom unit for any fractions.
Summary of AAP Management Units |
|  | Reserved for Future Grants |  | Outstanding |  | Outstanding Units Earned |  |  | Grant Date Fair Value Of Outstanding AAP Management Units (1) |
Balance as of December 31, 2011 |  | 4.3 |  | 47.8 |  | 20.9 |  |  | $ | 44 |
Forfeitures |  | 0.4 |  | (0.4 | ) | — |  |  | — |
Earned |  | N/A |  | N/A |  | 13.1 |  |  | N/A |
Balance as of December 31, 2012 |  | 4.7 |  | 47.4 |  | 34.0 |  |  | $ | 44 |
Granted |  | (1.2 | ) | 1.2 |  | — |  |  | 7 |
Earned |  | N/A |  | N/A |  | 13.0 |  |  | N/A |
Balance as of December 31, 2013 |  | 3.5 |  | 48.6 |  | 47.0 |  |  | $ | 51 |
(1) Of the grant date fair value, approximately $5 million, $6 million and $9 million was recognized as expense during the years ended December 31, 2013, 2012 and 2011, respectively. Of the $51 million grant date fair value, approximately $49 million had been recognized through December 31, 2013.
Summary of expense recognized and value of vesting related to equity-indexed compensation plans |
|  | 2013 |  | 2012 |  | 2011 |
Equity-indexed compensation expense |  | $ | 116 |  | $ | 101 |  | $ | 110 |
LTIP unit-settled vestings (1) |  | $ | 48 |  | $ | 62 |  | $ | 24 |
LTIP cash-settled vestings |  | $ | 61 |  | $ | 66 |  | $ | 19 |
DER cash payments |  | $ | 8 |  | $ | 7 |  | $ | 4 |
(1) For the years ended December 31, 2013, 2012 and 2011, less than $1 million, approximately $1 million and $2 million, respectively, relates to unit vestings which were settled with PNG common units.
Equity-indexed compensation plan fair value amortization |
Year |  | Equity-Indexed Compensation Plan Fair Value Amortization (1) (2) |
2014 |  | $ | 80 |
2015 |  | 55 |
2016 |  | 36 |
2017 |  | 16 |
2018 |  | 5 |
Thereafter |  | 1 |
Total |  | $ | 193 |
(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, 2013. (2) Includes unamortized fair value associated with AAP Management Units.

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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 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-indexed 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 equity-indexed compensation plan awards for members of senior management. Includes changes in units reserved for future grants, units outstanding and units earned. + References No definition available. + Details
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- Definition Disclosure that sets forth the equity-indexed compensation plan expense, the fair value of vesting (settled both in units and cash) related to the equity-indexed 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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