Partners' Capital and Distributions (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of activity for Series A preferred units and common units

The following tables present the activity for our Series A preferred units and common units:

	Limited Partners
	Preferred Units	Common Units
Outstanding at December 31, 2015	—	397,727,624

Sale of Series A preferred units	61,030,127	—
Issuance of common units under LTIP	—	3,367

Outstanding at March 31, 2016	61,030,127	397,730,991

		Limited Partners
		Common Units
Outstanding at December 31, 2014		375,107,793

Sale of common units		22,133,904

Outstanding at March 31, 2015		397,241,697

Schedule of distributions paid in cash, net of reductions in the general partner's incentive distributions

The following table details the distributions paid in cash during or pertaining to the first three months of 2016, net of reductions to the general partner’s incentive distributions (in millions, except per unit data):

		Distributions Paid						Distributions per
Date Declared	Distribution Date	Common Unitholders		General Partner		Total		common unit
April 7, 2016	May 13, 2016 (1)	$	278	$	155	$	433	$	0.70
January 12, 2016	February 12, 2016	$	278	$	155	$	433	$	0.70

(1)Payable to unitholders of record at the close of business on April 29, 2016 for the period January 1, 2016 through March 31, 2016.