XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Total revenues $ 13,694 $ 8,383
COSTS AND EXPENSES    
Purchases and related costs 12,785 7,392
Field operating costs 346 219
General and administrative expenses 82 67
Depreciation and amortization 230 177
(Gains)/losses on asset sales and asset impairments, net (42) 2
Total costs and expenses 13,401 7,857
OPERATING INCOME 293 526
OTHER INCOME/(EXPENSE)    
Equity earnings in unconsolidated entities 97 88
Interest expense (net of capitalized interest of $1 and $5, respectively) (107) (107)
Other expense, net (37) (60)
INCOME BEFORE TAX 246 447
Current income tax expense (19) (1)
Deferred income tax expense (2) (23)
NET INCOME 225 423
Net income attributable to noncontrolling interests (38) (1)
NET INCOME ATTRIBUTABLE TO PAA 187 422
NET INCOME PER COMMON UNIT (NOTE 4):    
Net income allocated to common unitholders - Basic 137 371
Net income allocated to common unitholders - Diluted $ 137 $ 371
Common Units    
NET INCOME PER COMMON UNIT (NOTE 4):    
Basic weighted average common units outstanding (units) 705 722
Diluted weighted average common units outstanding (units) 705 722
Basic net income per common unit (usd per unit) $ 0.19 $ 0.51
Diluted net income per common unit (usd per unit) $ 0.19 $ 0.51
Product sales revenues    
REVENUES    
Total revenues $ 13,381 $ 8,083
Services revenues    
REVENUES    
Total revenues $ 313 $ 300