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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Total revenues $ 48,712 $ 57,342 $ 42,078
COSTS AND EXPENSES      
Purchases and related costs 44,531 53,176 38,504
Field operating costs 1,425 1,315 1,065
General and administrative expenses 350 325 292
Depreciation and amortization 1,048 965 774
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) (152) 269 592
Total costs and expenses 47,202 56,050 41,227
OPERATING INCOME 1,510 1,292 851
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 369 403 274
Gains/(losses) on investments in unconsolidated entities, net (Note 7, Note 8) 28 346 2
Interest expense (net of capitalized interest of $10, $5 and $18, respectively) (386) (405) (425)
Other income/(expense), net 102 (219) 19
INCOME BEFORE TAX 1,623 1,417 721
Current income tax expense (145) (84) (50)
Deferred income tax (expense)/benefit 24 (105) (23)
NET INCOME 1,502 1,228 648
Net income attributable to noncontrolling interests (272) (191) (55)
NET INCOME ATTRIBUTABLE TO PAA 1,230 1,037 593
NET INCOME PER COMMON UNIT (NOTE 4):      
Net income allocated to common unitholders — Basic 976 831 393
Net income allocated to common unitholders — Diluted $ 976 $ 831 $ 393
Common Units      
NET INCOME PER COMMON UNIT (NOTE 4):      
Basic weighted average common units outstanding (in units) 699 701 716
Diluted weighted average common units outstanding (in units) 699 701 716
Basic net income per common unit (in dollars per unit) $ 1.40 $ 1.19 $ 0.55
Diluted net income per common unit (in dollars per unit) $ 1.40 $ 1.19 $ 0.55
Product sales revenues      
REVENUES      
Total revenues $ 46,974 $ 55,948 $ 40,883
Services revenues      
REVENUES      
Total revenues $ 1,738 $ 1,394 $ 1,195