v3.4.0.3
Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of partners' capital

CHANGE IN THE CARRYING AMOUNT OF OUR EQUITY (in millions)

Partnership
 
 


 
Common
 
General Partner
 
Noncontrolling Interest
 
Total
Balance at December 31, 2015
$
1,707

 
$
(13
)
 
$
84

 
$
1,778

Equity offering under ATM Program, net of issuance costs
5

 
—

 
—

 
5

Effect of deconsolidation of RGS (a)
(2
)
 
—

 
(84
)
 
(86
)
Distributions (b)
(73
)
 
(25
)
 
—

 
(98
)
Net earnings
60

 
32

 
—

 
92

Contributions (c)
3

 
1

 
—

 
4

Other
1

 
—

 
—

 
1

Balance at March 31, 2016
$
1,701

 
$
(5
)
 
$
—

 
$
1,696



(a)
As the result of the reassessment performed, we deconsolidated RGS causing the derecognition of noncontrolling interest and an opening equity impact totaling $86 million. The cumulative effect to opening equity of $2 million related to the difference in earnings under the equity method of accounting in prior periods.
(b)
Represents cash distributions declared and paid during the three months ended March 31, 2016 relating to the fourth quarter of 2015.
(c)
Includes Tesoro and TLGP contributions to the Partnership primarily related to reimbursements for capital spending pursuant predominantly to the Amended Omnibus Agreement and the Carson Assets Indemnity Agreement.
Schedule of quarterly distributions
QUARTERLY DISTRIBUTIONS
Quarter Ended
Quarterly Distribution Per Unit
 
Total Cash Distribution including general partner IDRs (in millions)
 
Date of Distribution
 
Unitholders Record Date
December 31, 2015
$
0.78

 
$
98

 
February 12, 2016
 
February 2, 2016
March 31, 2016 (a)
0.81

 
108

 
May 13, 2016
 
May 2, 2016

(a)
This distribution was declared on April 20, 2016 and will be paid on the date of distribution.