Operating Segments (Tables)

3 Months Ended

Mar. 31, 2014

The following table reflects certain financial data for each segment for the periods indicated (in millions):

	Transportation		Facilities		Supply and Logistics		Total
Three Months Ended March 31, 2014
Revenues (1):
External Customers	$	181	$	157	$	11,346	$	11,684
Intersegment (2)	206		142		22		370
Total revenues of reportable segments	$	387	$	299	$	11,368	$	12,054
Equity earnings in unconsolidated entities	$	20	$	—	$	—	$	20
Segment profit (3) (4)	$	206	$	154	$	249	$	609
Maintenance capital	$	34	$	10	$	2	$	46

Three Months Ended March 31, 2013
Revenues:
External Customers	$	173	$	223	$	10,224	$	10,620
Intersegment (2)	195		131		1		327
Total revenues of reportable segments	$	368	$	354	$	10,225	$	10,947
Equity earnings in unconsolidated entities	$	11	$	—	$	—	$	11
Segment profit (3) (4)	$	164	$	150	$	434	$	748
Maintenance capital	$	32	$	7	$	5	$	44

(1) Effective January 1, 2014, our natural gas sales and costs, primarily attributable to the activities performed by our natural gas storage commercial optimization group, are reported in the Supply and Logistics segment. Such items were previously reported in the Facilities segment.

(2) Segment revenues and purchases and related costs include intersegment amounts. Intersegment sales are conducted at posted tariff rates, rates similar to those charged to third parties or rates that we believe approximate market. For further discussion, see “Analysis of Operating Segments” under Item 7 of our 2013 Annual Report on Form 10-K.

(3) Supply and Logistics segment profit includes interest expense (related to hedged inventory purchases) of approximately $2 million and $5 million for the three months ended March 31, 2014 and 2013, respectively.

(4) The following table reconciles segment profit to net income attributable to PAA (in millions):

	For the Three Months
	Ended March 31,
	2014			2013
Segment profit	$	609		$	748
Depreciation and amortization	(96		)	(82		)
Interest expense, net	(78		)	(77		)
Other expense, net	(2		)	—
Income tax expense	(48		)	(53		)
Net income	385			536
Net income attributable to noncontrolling interests	(1		)	(8		)
Net income attributable to PAA	$	384		$	528

Reconciliation of segment profit to net income attributable to PAA

The following table reconciles segment profit to net income attributable to PAA (in millions):

	For the Three Months
	Ended March 31,
	2014			2013
Segment profit	$	609		$	748
Depreciation and amortization	(96		)	(82		)
Interest expense, net	(78		)	(77		)
Other expense, net	(2		)	—
Income tax expense	(48		)	(53		)
Net income	385			536
Net income attributable to noncontrolling interests	(1		)	(8		)
Net income attributable to PAA	$	384		$	528

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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