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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Total revenues $ 50,073 $ 48,712 $ 57,342
COSTS AND EXPENSES      
Purchases and related costs 45,560 44,531 53,176
Field operating costs 1,768 1,425 1,315
General and administrative expenses 381 350 325
Depreciation and amortization 1,026 1,048 965
(Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7) 160 (152) 269
Total costs and expenses 48,895 47,202 56,050
OPERATING INCOME 1,178 1,510 1,292
OTHER INCOME/(EXPENSE)      
Equity earnings in unconsolidated entities 452 369 403
Gain on investments in unconsolidated entities, net (Note 7, Note 8) 15 28 346
Interest expense (net of capitalized interest of $9, $10 and $5, respectively) (430) (386) (405)
Other income/(expense), net 65 102 (219)
INCOME BEFORE TAX 1,280 1,623 1,417
Current income tax expense (195) (145) (84)
Deferred income tax (expense)/benefit 28 24 (105)
NET INCOME 1,113 1,502 1,228
Net income attributable to noncontrolling interests (341) (272) (191)
NET INCOME ATTRIBUTABLE TO PAA 772 1,230 1,037
NET INCOME PER COMMON UNIT (NOTE 4):      
Net income allocated to common unitholders — Basic 514 976 831
Net income allocated to common unitholders — Diluted $ 514 $ 976 $ 831
Common Units      
NET INCOME PER COMMON UNIT (NOTE 4):      
Basic weighted average common units outstanding (in units) 702 699 701
Diluted weighted average common units outstanding (in units) 702 699 701
Basic net income per common unit (in dollars per unit) $ 0.73 $ 1.40 $ 1.19
Diluted net income per common unit (in dollars per unit) $ 0.73 $ 1.40 $ 1.19
Product sales revenues      
REVENUES      
Total revenues $ 48,254 $ 46,974 $ 55,948
Services revenues      
REVENUES      
Total revenues $ 1,819 $ 1,738 $ 1,394