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Net Income per Unit (Tables)
 6 Months Ended
Jun. 30, 2020
Net Income Per Unit [Abstract]  
Schedule of Net Income per Unit, Basic and Diluted
A reconciliation of the numerators and denominators of the basic and diluted net income (loss) per common unit computations is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
(in millions, except units and per unit amounts)
Net income and comprehensive income
$
157

 
$
55

 
$
29

 
$
164

Less:
 
 
 
 
 
 
 
Incentive distribution rights
17

 
17

 
35

 
35

Distributions on nonvested phantom unit awards
2

 
2

 
4

 
4

Limited partners’ interest in net income (loss)
$
138

 
$
36

 
$
(10
)
 
$
125

Weighted average common units outstanding:
 
 
 
 
 
 
 
Common - basic
83,030,286

 
82,742,323

 
83,022,027

 
82,726,842

Common - equivalents (1)
568,444

 
767,664

 
—

 
728,179

Common - diluted
83,598,730

 
83,509,987

 
83,022,027

 
83,455,021

Net income (loss) per common unit:
 
 
 
 
 
 
 
Common - basic
$
1.65

 
$
0.44

 
$
(0.12
)
 
$
1.51

Common - diluted
$
1.64

 
$
0.43

 
$
(0.12
)
 
$
1.50