Partners' Capital and Distributions (Tables)

12 Months Ended

Dec. 31, 2024

Partners Capital and Distribution [Line Items]

Schedule of Activity for Preferred Units and Common Units

The following table presents the activity for our preferred and common units:


	Limited Partners
	Series A Preferred Units	Series B Preferred Units	Common Units
Outstanding at December 31, 2021	71,090,468	800,000	704,991,540



Repurchase and cancellation of common units under the Common Equity Repurchase Program	—	—	(7,251,361)
Issuances of common units under equity-indexed compensation plans	—	—	614,319
Outstanding at December 31, 2022	71,090,468	800,000	698,354,498

Issuances of common units under equity-indexed compensation plans	—	—	2,654,251
Outstanding at December 31, 2023	71,090,468	800,000	701,008,749

Issuances of common units under equity-indexed compensation plans	—	—	2,761,551
Outstanding at December 31, 2024	71,090,468	800,000	703,770,300

Schedule of Distributions to Noncontrolling Interests

The following table details distributions paid to noncontrolling interests during the years presented (in millions):


	2024		2023		2022
Permian JV (1)	$	322	$	249	$	273
Cactus II	77		63		4
Red River	26		21		21
	$	425	$	333	$	298

(1)The initial distribution from the Permian JV was paid during the first quarter of 2022, with approximately $54 million paid to noncontrolling interests.

Series A Preferred Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

Series A Preferred Unit Distributions. The following table details distributions paid to our Series A preferred unitholders during the years presented (in millions, except unit data):


	Series A Preferred Unitholders


Year	Cash Distribution		Distribution per Unit
2024	$	175		$	2.46
2023	$	166		$	2.34
2022	$	149		$	2.10

Series B Preferred Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

Series B Preferred Unit Distributions. The following table details distributions paid to our Series B preferred unitholders during the years presented (in millions, except unit data):


	Series B Preferred Unitholders


Year	Cash Distribution		Distribution per Unit
2024	$	79	$	98.14
2023	$	75	$	93.43
2022	$	49	$	61.25

Common Units

Partners Capital and Distribution [Line Items]

Schedule of Distributions

The following table details distributions paid to common unitholders during the years presented (in millions, except per unit data):


	Distributions Paid						Distributions per Common Unit
Year	Public		AAP		Total
2024	$	595	$	296	$	891	$	1.2700
2023	$	492	$	256	$	748	$	1.0700
2022	$	383	$	201	$	584	$	0.8325