v3.3.1.900
Equity, Cash Distributions (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Jan. 20, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Distribution Made to Member or Limited Partner        
General partner’s distributions   $ 75.0 $ 46.0 $ 13.0
Common   259.0 171.0 103.0
Total cash distributions   334.0 217.0 116.0
Quarterly cash distribution        
Distribution Made to Member or Limited Partner        
Declaration date Jan. 20, 2016      
Total cash distributions declared $ 98.0      
Cash distributions paid per unit $ 0.7800      
Date of distribution Feb. 12, 2016      
Unitholders record date Feb. 02, 2016      
Rockies Natural Gas Business Acquisition        
Distribution Made to Member or Limited Partner        
General partner distributions forfeited   (10.0)    
General Partner        
Distribution Made to Member or Limited Partner        
General partner’s distributions   6.0 5.0 2.0
General partner’s IDRs [1],[2]   69.0 41.0 11.0
Common        
Distribution Made to Member or Limited Partner        
Common   259.0 157.0 71.0
Subordinated        
Distribution Made to Member or Limited Partner        
Common [3]   $ 0.0 $ 14.0 $ 32.0
[1] IDRs entitle the general partner to receive increasing percentages, up to 50%, of quarterly distributions in excess of $0.388125 per unit per quarter. The amount above reflects earnings distributed to our general partner net of $10 million of IDRs for the year ended December 31, 2015, waved by TLGP in connection with the Rockies Natural Gas Business Acquisition. See Note 12 for further discussion related to IDRs.
[2] In connection with the Rockies Natural Gas Business Acquisition, our general partner waived its right to $10 million of general partner distributions with respect to IDRs during 2015.
[3] On May 16, 2014, the subordinated units were converted into common units on a one-for-one basis and thereafter participate on terms equal with all other common units in distributions of available cash. Distributions and the Partnership’s net earnings were allocated to the subordinated units through May 15, 2014.