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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 730 $ 906 $ 1,386
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 494 432 384
Equity-indexed compensation expense 60 27 98
Inventory valuation adjustments 3 117 289
Deferred income tax (benefit)/expense (60) 16 100
Settlement of terminated interest rate hedging instruments (29) (48) (7)
Change in fair value of Preferred Distribution Rate Reset Option (Note 12) (30) 0 0
Equity earnings in unconsolidated entities (195) (183) (108)
Distributions from unconsolidated entities 216 214 105
Other 23 (21) 24
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other (524) 803 1,177
Inventory (463) (90) (129)
Accounts payable and other current liabilities 501 (829) (1,315)
Net cash provided by operating activities 726 1,344 2,004
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 6) (282) (105) (1,098)
Investments in unconsolidated entities (Note 8) (301) (253) (158)
Additions to property, equipment and other (1,334) (2,079) (1,932)
Cash paid for purchases of linefill and base gas (7) (133) (161)
Proceeds from sales of assets 654 5 28
Other investing activities (3) 35 25
Net cash used in investing activities (1,273) (2,530) (3,296)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under commercial paper program (Note 10) (564) 631 (366)
Net borrowings under senior secured hedged inventory facility (Note 10) 447 300 0
Repayment under AAP senior secured revolving credit facility (Note 10) (92) 0 0
Repayment of AAP term loan (Note 10) (550) 0 0
Proceeds from the issuance of senior notes (Note 10) 748 998 2,595
Repayments of senior notes (Note 10) (175) (549) 0
Net proceeds from the sale of Series A preferred units (Note 11) 1,569   0
Net proceeds from the sale of common units (Note 11) 796 1,099 848
Contributions from general partner 42 23 18
Distributions paid to common unitholders (Note 11) (1,062) (1,081) (934)
Distributions paid to general partner (Note 11) (565) (590) (473)
Other financing activities (31) (17) (31)
Net cash provided by financing activities 563 814 1,657
Effect of translation adjustment on cash 4 (4) (3)
Net increase/(decrease) in cash and cash equivalents 20 (376) 362
Cash and cash equivalents, beginning of period 27 403 41
Cash and cash equivalents, end of period 47 27 403
Cash paid for:      
Interest, net of amounts capitalized 450 396 334
Income taxes, net of amounts refunded $ 98 $ 50 $ 159