v3.5.0.2
Equity (Tables)
 6 Months Ended
Jun. 30, 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
41

 
—

 
—

 
41

Proceeds from issuance of units, net of issuance costs
293

 
—

 
—

 
293

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

 
(84
)
 
(86
)
Distributions (b)
(149
)
 
(57
)
 
—

 
(206
)
Net earnings
107

 
68

 
—

 
175

Contributions (c)
12

 
1

 
—

 
13

Other
(3
)
 
5

 
—

 
2

Balance at June 30, 2016
$
2,006

 
$
4

 
$
—

 
$
2,010



(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 six months ended June 30, 2016 relating to the fourth quarter of 2015 and the first quarter of 2016.
(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
$
0.780

 
$
98

 
February 12, 2016
 
February 2, 2016
March 31, 2016
0.810

 
108

 
May 13, 2016
 
May 2, 2016
June 30, 2016 (a)
0.842

 
123

 
August 12, 2016
 
August 2, 2016

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