v3.5.0.2
Equity Equity, Earnings Per Unit (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
General partner distribution amount forfeited $ 2   $ 5  
Net earnings 83 $ 67 175 $ 137
Net Income (Loss) Attributable to Noncontrolling Interest 0 6 0 16
Net Income (Loss) Attributable to Parent 83 61 175 121
Distribution Made to Limited Partner, Cash Distributions Declared     (109)  
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $ (40) $ (20) $ (56) $ (30)
Common units - basic 95.2 80.7 94.4 80.5
Common units - diluted 95.2 80.8 94.4 80.6
Common - basic $ 0.48 $ 0.60 $ 1.12 $ 1.23
Common - diluted $ 0.48 $ 0.60 $ 1.12 $ 1.23
General Partner        
Net earnings     $ 68  
General Partner Distributions $ 2 $ 2 4 $ 3
Incentive Distribution, Subsequent Distribution Amount [1] 36 15 66 28
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic [2] (1) 5 (1) 9
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic 37 12 69 22
Common        
Net earnings     107  
Distribution Made to Limited Partner, Cash Distributions Declared (85) (64) (161) (120)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic (39) (15) (55) (21)
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic $ 46 $ 49 $ 106 $ 99
[1] IDRs entitle the general partner to receive increasing percentages, up to 50%, of quarterly distributions in excess of $0.3881 per unit per quarter. The amount above reflects earnings distributed to our general partner net of $2 million and $5 million of IDRs for the three and six months ended June 30, 2015, respectively, waived by TLGP. See Note 12 of our Annual Report on Form 10-K for the year ended December 31, 2015, for further discussion related to IDRs.
[2] We have revised the historical allocation of general partner earnings to include the Predecessor losses of $5 million and $9 million for the three and six months ended June 30, 2015, respectively.