XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Total revenues $ 12,341 $ 13,694
COSTS AND EXPENSES    
Purchases and related costs 11,323 12,785
Field operating costs 357 346
General and administrative expenses 86 82
Depreciation and amortization 256 230
(Gains)/losses on asset sales and asset impairments, net (154) (42)
Total costs and expenses 11,868 13,401
OPERATING INCOME 473 293
OTHER INCOME/(EXPENSE)    
Equity earnings in unconsolidated entities 89 97
Interest expense (net of capitalized interest of $2 and $1, respectively) (98) (107)
Other income/(expense), net 64 (37)
INCOME BEFORE TAX 528 246
Current income tax expense (61) (19)
Deferred income tax (expense)/benefit 8 (2)
NET INCOME 475 225
Net income attributable to noncontrolling interests (53) (38)
NET INCOME ATTRIBUTABLE TO PAA 422 187
NET INCOME PER COMMON UNIT (NOTE 3):    
Net income allocated to common unitholders - Basic 361 137
Net income allocated to common unitholders - Diluted $ 361 $ 137
Common Units    
NET INCOME PER COMMON UNIT (NOTE 3):    
Basic weighted average common units outstanding (units) 698 705
Diluted weighted average common units outstanding (units) 698 705
Basic net income per common unit (usd per unit) $ 0.52 $ 0.19
Diluted net income per common unit (usd per unit) $ 0.52 $ 0.19
Product sales revenues    
REVENUES    
Total revenues $ 11,943 $ 13,381
Services revenues    
REVENUES    
Total revenues $ 398 $ 313