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Partners' Capital and Distributions | 6 Months Ended
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Jun. 30, 2015
Partners' Capital and Distributions |
Partners' Capital and Distributions | Note 7—Partners’ Capital and Distributions Distributions The following table details the distributions paid during or pertaining to the first six months of 2015, net of reductions to the general partner’s incentive distributions (in millions, except per unit data):
|  |  |  | Distributions Paid |  |  | Distributions |
|  |  |  | Limited |  | General Partner |  |  |  |  |  | per limited |
Date Declared |  | Distribution Date |  | Partners |  | 2% |  | Incentive |  | Total |  |  | partner unit |
July 7, 2015 |  | August 14, 2015 | (1) | $ | 276 |  | $ | 6 |  | $ | 146 |  | $ | 428 |  |  | $ | 0.6950 |
April 7, 2015 |  | May 15, 2015 |  | $ | 272 |  | $ | 6 |  | $ | 142 |  | $ | 420 |  |  | $ | 0.6850 |
January 8, 2015 |  | February 13, 2015 |  | $ | 254 |  | $ | 5 |  | $ | 131 |  | $ | 390 |  |  | $ | 0.6750 |
| (1) |  | Payable to unitholders of rec ord at the close of business on July 31, 2015 for the period April 1, 2015 through June 30, 2015.
PAA Equity Offerings Continuous Offering Program. During the six months ended June 30, 2015, we issued an aggregate of approximately 1.1 million common units under our continuous offering program, generating proceeds of $59 million, including our general partner’s proportionate capital contribution of $1 million, net of $1 million of commissions to our sales agents. Underwritten Offering. In March 2015, we completed an underwritten public offering of 21.0 million common units, generating proceeds of approximately $1.1 billion, including our general partner’s proportionate capital contribution of $21 million, net of costs associated with the offering. Noncontrolling Interests in Subsidiaries As of June 30, 2015, noncontrolling interests in our subsidiaries consisted of a 25% interest in SLC Pipeline LLC.

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055 + Details
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