v3.5.0.2
Equity, Equity Activity (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
$ / shares
Jun. 30, 2015
USD ($)
Changes in carrying amount of Equity        
Balance at December 31, 2015     $ 1,778  
Proceeds from Issuance of Units, net of issuance costs     293  
Effect of deconsolidation of RGS [1]     (86)  
Distributions [2]     (206)  
Net earnings $ 83 $ 67 175 $ 137
Contributions [3]     13  
Other     2  
Balance at June 30, 2016 2,010   $ 2,010  
Incentive Distribution, Distribution Split Marginal Percentage     50.00%  
Incentive Distribution, Minimum Distribution Level | $ / shares     0.3881  
General partner distribution amount forfeited 2   $ 5  
Common        
Changes in carrying amount of Equity        
Balance at December 31, 2015     1,707  
Proceeds from Issuance of Units, net of issuance costs     293  
Effect of deconsolidation of RGS [1]     (2)  
Distributions [2]     (149)  
Net earnings     107  
Contributions [3]     12  
Other     (3)  
Balance at June 30, 2016 2,006   2,006  
General Partner        
Changes in carrying amount of Equity        
Balance at December 31, 2015     (13)  
Proceeds from Issuance of Units, net of issuance costs     0  
Effect of deconsolidation of RGS [1]     0  
Distributions [2]     (57)  
Net earnings     68  
Contributions [3]     1  
Other     5  
Balance at June 30, 2016 4   4  
Noncontrolling Interest        
Changes in carrying amount of Equity        
Balance at December 31, 2015     84  
Proceeds from Issuance of Units, net of issuance costs     0  
Effect of deconsolidation of RGS [1]     (84)  
Distributions [2]     0  
Net earnings     0  
Contributions [3]     0  
Other     0  
Balance at June 30, 2016 $ 0   0  
ATM Program        
Changes in carrying amount of Equity        
Equity offering under ATM Program, net of issuance costs     41  
ATM Program | Common        
Changes in carrying amount of Equity        
Equity offering under ATM Program, net of issuance costs     41  
ATM Program | General Partner        
Changes in carrying amount of Equity        
Equity offering under ATM Program, net of issuance costs     0  
ATM Program | Noncontrolling Interest        
Changes in carrying amount of Equity        
Equity offering under ATM Program, net of issuance costs     $ 0  
[1] 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.
[2] 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.
[3] 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.