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Operating Segments (Tables)

3 Months Ended

Mar. 31, 2016

Operating Segments

Segment financial data

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

Three Months Ended March 31, 2016		Transportation			Facilities			Supply and Logistics			Total
Revenues:
External Customers		$	154		$	138		$	3,819		$	4,111
Intersegment (1)		229			127			2			358
Total revenues of reportable segments		$	383		$	265		$	3,821		$	4,469
Equity earnings in unconsolidated entities		$	47		$	—		$	—		$	47
Segment profit (2) (3)		$	247		$	159		$	37		$	443
Maintenance capital		$	35		$	9		$	3		$	47

Three Months Ended March 31, 2015		Transportation			Facilities			Supply and Logistics			Total
Revenues:
External Customers		$	185		$	125		$	5,632		$	5,942
Intersegment (1)		215			132			2			349
Total revenues of reportable segments		$	400		$	257		$	5,634		$	6,291
Equity earnings in unconsolidated entities		$	37		$	—		$	—		$	37
Segment profit (2) (3)		$	241		$	142		$	130		$	513
Maintenance capital		$	33		$	15		$	2		$	50

(1) Segment revenues include intersegment amounts that are eliminated in “Purchases and related costs” and “Field operating costs” in our Condensed 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. For further discussion, see “Analysis of Operating Segments” under Item 7 of our 2015 Annual Report on Form 10-K.

(2) Supply and Logistics segment profit includes interest expense (related to hedged inventory purchases) of $2 million and $1 million for the three months ended March 31, 2016 and 2015, respectively.

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

		Three Months Ended March 31,
		2016			2015
Segment profit		$	443		$	513
Depreciation and amortization		(114		)	(104		)
Interest expense, net		(112		)	(105		)
Other income/(expense), net		5			(4		)
Income before tax		222			300
Income tax expense		(19		)	(16		)
Net income		203			284
Net income attributable to noncontrolling interests		(1		)	(1		)
Net income attributable to PAA		$	202		$	283

Reconciliation of segment profit to net income attributable to PAA

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

		Three Months Ended March 31,
		2016			2015
Segment profit		$	443		$	513
Depreciation and amortization		(114		)	(104		)
Interest expense, net		(112		)	(105		)
Other income/(expense), net		5			(4		)
Income before tax		222			300
Income tax expense		(19		)	(16		)
Net income		203			284
Net income attributable to noncontrolling interests		(1		)	(1		)
Net income attributable to PAA		$	202		$	283

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Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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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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