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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Total revenues $ 12,071 $ 14,336 $ 36,014 $ 44,390
COSTS AND EXPENSES        
Purchases and related costs 11,106 13,071 32,972 41,181
Field operating costs 372 318 1,062 971
General and administrative expenses 92 83 263 243
Depreciation and amortization 260 238 776 711
(Gains)/losses on asset sales and asset impairments, net 7   (144) (46)
Total costs and expenses 11,837 13,710 34,929 43,060
OPERATING INCOME 234 626 1,085 1,330
OTHER INCOME/(EXPENSE)        
Equity earnings in unconsolidated entities 99 105 277 306
Gain on investment in unconsolidated entities 29 1 28 1
Interest expense (net of capitalized interest of $3, $1, $8, and $3, respectively) (97) (99) (290) (305)
Other income/(expense), net   (82) 85 (237)
INCOME BEFORE TAX 265 551 1,185 1,095
Current income tax expense (22) (12) (104) (60)
Deferred income tax (expense)/benefit 36 (97) 22 (117)
NET INCOME 279 442 1,103 918
Net income attributable to noncontrolling interests (76) (58) (185) (144)
NET INCOME ATTRIBUTABLE TO PAA 203 384 918 774
NET INCOME PER COMMON UNIT (NOTE 3):        
Net income allocated to common unitholders - Basic 140 333 728 621
Net income allocated to common unitholders - Diluted $ 140 $ 333 $ 728 $ 621
Common Units        
NET INCOME PER COMMON UNIT (NOTE 3):        
Basic weighted average common units outstanding (units) 700 698 699 702
Diluted weighted average common units outstanding (units) 700 698 699 702
Basic net income per common unit (usd per unit) $ 0.20 $ 0.48 $ 1.04 $ 0.89
Diluted net income per common unit (usd per unit) $ 0.20 $ 0.48 $ 1.04 $ 0.89
Product sales revenues        
REVENUES        
Total revenues $ 11,581 $ 14,001 $ 34,726 $ 43,390
Services revenues        
REVENUES        
Total revenues $ 490 $ 335 $ 1,288 $ 1,000