XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Partners' Capital and Distributions (Tables)

3 Months Ended

Mar. 31, 2024

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 Units						Series B Preferred Units						Common Units
Outstanding at December 31, 2023			71,090,468						800,000						701,008,749
Issuances of common units under equity-indexed compensation plans			—						—						62,282
Outstanding at March 31, 2024			71,090,468						800,000						701,071,031

 

			Limited Partners
			Series A Preferred Units						Series B Preferred Units						Common Units
Outstanding at December 31, 2022			71,090,468						800,000						698,354,498
Issuances of common units under equity-indexed compensation plans			—						—						35,508
Outstanding at March 31, 2023			71,090,468						800,000						698,390,006

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,
															2024						2023
Permian JV															$	74					$	58
Cactus II															20						14
Red River															6						6
															$	100					$	78

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 2024 (in millions, except per unit data):

						Series A Preferred Unitholders
Distribution Payment Date						Cash Distribution									Distribution per Unit
May 15, 2024 (1)						$	44								$	0.615
February 14, 2024						$	44								$	0.615

(1)Payable to unitholders of record at the close of business on May 1, 2024 for the period from January 1, 2024 through March 31, 2024. At March 31, 2024, 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 Date						Cash Distribution									Distribution per Unit
May 15, 2024 (1)						$	19								$	24.20
February 15, 2024						$	20								$	24.92

(1)Payable to unitholders of record at the close of business on May 1, 2024 for the period from February 15, 2024 through May 14, 2024. At March 31, 2024, approximately $10 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 2024 (in millions, except per unit data):

						Distributions																					Distribution per Common Unit
						Common Unitholders												Total Cash Distribution
Distribution Payment Date						Public						AAP
May 15, 2024 (1)						$	149					$	74					$	223								$	0.3175
February 14, 2024						$	149					$	74					$	223								$	0.3175

(1)Payable to unitholders of record at the close of business on May 1, 2024 for the period from January 1, 2024 through March 31, 2024.

X

- Definition

Distributions Made to Noncontrolling Interests

+ References

No definition available.

+ Details

Name:	paa_DistributionsMadeToNoncontrollingInterestsTableTextBlock
Namespace Prefix:	paa_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of payment of cash or stock made to limited partner of limited partnership (LP).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

+ Details

Name:	us-gaap_DistributionsMadeToLimitedPartnerByDistributionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_LimitedPartnersCapitalAccountLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_LimitedPartnersCapitalAccountByClassAxis=paa_SeriesAPreferredUnitsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LimitedPartnersCapitalAccountByClassAxis=paa_SeriesBPreferredUnitsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LimitedPartnersCapitalAccountByClassAxis=paa_CommonUnitsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: