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Partners' Capital and Distributions (Tables)
 3 Months Ended
Mar. 31, 2023
Limited Partners' Capital Account  
Schedule of activity for preferred units and common units
The following tables present the activity for our preferred and common units:

 Limited Partners
 Series A Preferred UnitsSeries B Preferred UnitsCommon Units
Outstanding at December 31, 202271,090,468 800,000 698,354,498 
Issuances of common units under equity-indexed compensation plans— — 35,508 
Outstanding at March 31, 202371,090,468 800,000 698,390,006 
 
 Limited Partners
 Series A Preferred UnitsSeries B Preferred UnitsCommon Units
Outstanding at December 31, 202171,090,468 800,000 704,991,540 
Repurchase and cancellation of common units under the Common Equity Repurchase Program— — (2,375,299)
Issuances of common units under equity-indexed compensation plans— — 51,937 
Outstanding at March 31, 202271,090,468 800,000 702,668,178 
Schedule of distributions to noncontrolling interests
The following table details distributions paid to noncontrolling interests during the periods presented (in millions):

Three Months Ended
March 31,
20232022
Permian JV$58 $54 
Cactus II (1)
14 — 
Red River6 5 
$78 $59 
(1)In November 2022, we acquired an additional interest in Cactus II which, combined with changes in the governance of this entity, resulted in our obtaining control of the entity. Subsequent to this transaction, we reflect Cactus II as a consolidated subsidiary. See Note 7 to our Consolidated Financial Statements included in Part IV of our 2022 Annual Report on Form 10-K for additional information on the Cactus II transaction.
Series A Preferred Units  
Limited Partners' Capital Account  
Schedule of distributions The following table details distributions to our Series A preferred unitholders paid during or pertaining to the first three months of 2023 (in millions, except per unit data):
Series A Preferred Unitholders
Distribution Payment DateCash DistributionDistribution per Unit
May 15, 2023 (1)
$42 $0.585 
February 14, 2023$37 $0.525 
(1)Payable to unitholders of record at the close of business on May 1, 2023 for the period from January 1, 2023 through March 31, 2023. At March 31, 2023, such amount was accrued as distributions payable in “Other current liabilities” on our Condensed Consolidated Balance Sheet.
Series B Preferred Units  
Limited Partners' Capital Account  
Schedule of distributions The following table details distributions paid or to be paid to our Series B preferred unitholders (in millions, except per unit data):
Series B Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
May 15, 2023 (1)
$18 $22.18 
February 15, 2023$18 $22.27 
(1)Payable to unitholders of record at the close of business on May 1, 2023 for the period from February 15, 2023 through May 14, 2023. At March 31, 2023, approximately $9 million of accrued distributions payable to our Series B preferred unitholders was included in “Other current liabilities” on our Condensed Consolidated Balance Sheet.
Common Units  
Limited Partners' Capital Account  
Schedule of distributions The following table details distributions to our common unitholders paid during or pertaining to the first three months of 2023 (in millions, except per unit data):
DistributionsCash Distribution per Common Unit
Common UnitholdersTotal Cash Distribution
Distribution Payment DatePublicAAP
May 15, 2023 (1)
$122 $65 $187 $0.2675 
February 14, 2023$122 $65 $187 $0.2675 
(1)Payable to unitholders of record at the close of business on May 1, 2023 for the period from January 1, 2023 through March 31, 2023.