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Operating Segments (Tables)

12 Months Ended

Dec. 31, 2015

Operating Segments

Segment financial data

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

		Transportation			Facilities			Supply and Logistics			Total
Year Ended December 31, 2015
Revenues (1):
External customers		$	697		$	528		$	21,927		$	23,152
Intersegment (2)		897			522			18			1,437
Total revenues of reportable segments		$	1,594		$	1,050		$	21,945		$	24,589
Equity earnings in unconsolidated entities		$	183		$	—		$	—		$	183
Segment profit (3) (4)		$	917		$	579		$	381		$	1,877
Capital expenditures (5)		$	1,278		$	813		$	184		$	2,275
Maintenance capital		$	144		$	68		$	8		$	220
As of December 31, 2015
Total assets		$	10,345		$	7,330		$	4,613		$	22,288
Investments in unconsolidated entities		$	1,998		$	29		$	—		$	2,027

		Transportation			Facilities			Supply and Logistics			Total
Year Ended December 31, 2014
Revenues (1):
External customers		$	774		$	576		$	42,114		$	43,464
Intersegment (2)		881			551			36			1,468
Total revenues of reportable segments		$	1,655		$	1,127		$	42,150		$	44,932
Equity earnings in unconsolidated entities		$	108		$	—		$	—		$	108
Segment profit (3) (4)		$	925		$	584		$	782		$	2,291
Capital expenditures (5)		$	2,483		$	582		$	60		$	3,125
Maintenance capital		$	165		$	52		$	7		$	224
As of December 31, 2014
Total assets		$	9,579		$	6,843		$	5,776		$	22,198
Investments in unconsolidated entities		$	1,735		$	—		$	—		$	1,735

		Transportation			Facilities			Supply and Logistics			Total
Year Ended December 31, 2013
Revenues:
External Customers		$	701		$	856		$	40,692		$	42,249
Intersegment (2)		797			521			4			1,322
Total revenues of reportable segments		$	1,498		$	1,377		$	40,696		$	43,571
Equity earnings in unconsolidated entities		$	64		$	—		$	—		$	64
Segment profit (3) (4)		$	729		$	616		$	822		$	2,167
Capital expenditures (5)		$	1,046		$	549		$	46		$	1,641
Maintenance capital		$	123		$	38		$	15		$	176
As of December 31, 2013
Total assets		$	7,181		$	6,555		$	6,584		$	20,320
Investments in unconsolidated entities		$	485		$	—		$	—		$	485

(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 include intersegment amounts that are eliminated in Purchases and related costs and Field operating costs in our Consolidated Statements of Operations. Intersegment sales are conducted at posted tariff rates, rates similar to those charged to third parties or rates that we believe approximate market at the time the agreement is executed or renegotiated.

(3) Supply and Logistics segment profit includes interest expense (related to hedged inventory purchases) of $6 million, $12 million and $30 million for the years ended December 31, 2015, 2014 and 2013, respectively.

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

		Year Ended December 31,
		2015			2014			2013
Segment profit		$	1,877		$	2,291		$	2,167
Depreciation and amortization		(432		)	(384		)	(365		)
Interest expense, net		(432		)	(348		)	(313		)
Other income/(expense), net		(7		)	(2		)	1
Income before tax		1,006			1,557			1,490
Income tax expense		(100		)	(171		)	(99		)
Net income		906			1,386			1,391
Net income attributable to noncontrolling interests		(3		)	(2		)	(30		)
Net income attributable to PAA		$	903		$	1,384		$	1,361

(5) Expenditures for acquisition capital and expansion capital, including investments in unconsolidated entities.

Reconciliation of segment profit to net income attributable to PAA

		Year Ended December 31,
		2015			2014			2013
Segment profit		$	1,877		$	2,291		$	2,167
Depreciation and amortization		(432		)	(384		)	(365		)
Interest expense, net		(432		)	(348		)	(313		)
Other income/(expense), net		(7		)	(2		)	1
Income before tax		1,006			1,557			1,490
Income tax expense		(100		)	(171		)	(99		)
Net income		906			1,386			1,391
Net income attributable to noncontrolling interests		(3		)	(2		)	(30		)
Net income attributable to PAA		$	903		$	1,384		$	1,361

(1) Expenditures for acquisition capital and expansion capital, including investments in unconsolidated entities.

Revenues attributable to geographic areas

We have operations in the United States and Canada. Set forth below are revenues and long-lived assets attributable to these geographic areas (in millions):

		Year Ended December 31,
Revenues (1)		2015			2014			2013
United States		$	18,701		$	34,860		$	32,924
Canada		4,451			8,604			9,325
		$	23,152		$	43,464		$	42,249

(1) Revenues are primarily attributed to each region based on where the services are provided or the product is shipped.

Long-lived assets attributable to geographic areas

		December 31,
Long-Lived Assets (1)		2015			2014
United States		$	15,942		$	14,342
Canada		3,368			3,650
		$	19,310		$	17,992

(1) Excludes long-term derivative assets.

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