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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Total revenues $ 11,602 $ 16,359 $ 23,943 $ 30,053
COSTS AND EXPENSES        
Purchases and related costs 10,544 15,324 21,867 28,109
Field operating costs 333 307 690 653
General and administrative expenses 85 78 171 160
Depreciation and amortization 259 242 515 473
(Gains)/losses on asset sales and asset impairments, net 3 (3) (150) (46)
Total costs and expenses 11,224 15,948 23,093 29,349
OPERATING INCOME 378 411 850 704
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 89 104 178 201
Interest expense (net of capitalized interest of $3, $1, $5, and $2, respectively) (95) (99) (193) (206)
Other income/(expense), net 20 (118) 85 (155)
INCOME BEFORE TAX 392 298 920 544
Current income tax expense (20) (30) (81) (48)
Deferred income tax expense (23) (17) (15) (20)
NET INCOME 349 251 824 476
Net income attributable to noncontrolling interests (56) (48) (109) (86)
NET INCOME ATTRIBUTABLE TO PAA 293 203 715 390
NET INCOME PER COMMON UNIT (NOTE 3):        
Net income allocated to common unitholders - Basic 227 153 588 290
Net income allocated to common unitholders - Diluted $ 227 $ 153 $ 588 $ 290
Common Units        
NET INCOME PER COMMON UNIT (NOTE 3):        
Basic weighted average common units outstanding (units) 698 702 698 703
Diluted weighted average common units outstanding (units) 698 702 698 703
Basic net income per common unit (usd per unit) $ 0.32 $ 0.22 $ 0.84 $ 0.41
Diluted net income per common unit (usd per unit) $ 0.32 $ 0.22 $ 0.84 $ 0.41
Product sales revenues        
REVENUES        
Total revenues $ 11,201 $ 16,007 $ 23,145 $ 29,388
Services revenues        
REVENUES        
Total revenues $ 401 $ 352 $ 798 $ 665