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Partners' Capital and Distributions (Tables)
 6 Months Ended
Jun. 30, 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 UnitsSeries B Preferred UnitsCommon Units
Outstanding at December 31, 202371,090,468 800,000 701,008,749 
Issuances of common units under equity-indexed compensation plans— — 62,282 
Outstanding at March 31, 202471,090,468 800,000 701,071,031 
Issuances of common units under equity-indexed compensation plans— — 10,268 
Outstanding at June 30, 202471,090,468 800,000 701,081,299 
 
 Limited Partners
 Series A Preferred UnitsSeries B Preferred UnitsCommon Units
Outstanding at December 31, 202271,090,468 800,000 698,354,498 
Issuances of common units under equity-indexed compensation plans— — 35,508 
Outstanding at March 31, 2023 and June 30, 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
June 30,		Six Months Ended
June 30,
2024202320242023
Permian JV$74 $53 $148 $111 
Cactus II
16 15 37 29 
Red River7 5 13 11 
$97 $73 $198 $151 
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 six months of 2024 (in millions, except per unit data):
Series A Preferred Unitholders
Distribution Payment DateCash DistributionDistribution per Unit
August 14, 2024 (1)
$44 $0.615 
May 15, 2024$44 $0.615 
February 14, 2024$44 $0.615 
(1)Payable to unitholders of record at the close of business on July 31, 2024 for the period from April 1, 2024 through June 30, 2024. At June 30, 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 DateCash Distribution Distribution per Unit
August 15, 2024 (1)
$20 $24.77 
May 15, 2024$19 $24.20 
February 15, 2024$20 $24.92 
(1)Payable to unitholders of record at the close of business on August 1, 2024 for the period from May 15, 2024 through August 14, 2024. At June 30, 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 six months of 2024 (in millions, except per unit data):
Distributions
Distribution per Common Unit
Common UnitholdersTotal Cash Distribution
Distribution Payment DatePublicAAP
August 14, 2024 (1)
$149 $74 $223 $0.3175 
May 15, 2024$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 July 31, 2024 for the period from April 1, 2024 through June 30, 2024.