v3.5.0.2
Condensed Statements of Combined Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Affiliate [1],[2] $ 184 $ 152 $ 521 $ 454
Third-party [1] 124 130 380 366
Total Revenues [1] 308 282 901 820
Costs and Expenses        
Operating expenses [1] 110 113 332 323
Imbalance settlement gains and reimbursements [1] (6) (10) (19) (29)
General and administrative expenses [1] 24 28 70 81
Depreciation and amortization expenses [1] 45 45 134 133
Loss on asset disposals and impairments [1] 2 0 3 0
Operating Income [1] 133 106 381 312
Interest and financing costs, net [1] (49) (37) (138) (112)
Equity in earnings of equity method investments [1] 3 2 10 6
Other income, net [1] 0 0 6 0
Net Earnings [1] 87 71 259 [3] 206 [3]
Loss attributable to Predecessors [1] 1 6 4 17
Net earnings attributable to noncontrolling interest [1] 0 (3) 0 (19)
Net Earnings Attributable to Partners [1] 88 74 263 204
General partner’s interest in net earnings, including incentive distribution rights [1] (40) (20) (108) (51)
Limited Partners’ Interest in Net Earnings [1] $ 48 $ 54 $ 155 $ 153
Net Earnings per Limited Partner Unit        
Common - basic [1] $ 0.46 $ 0.62 $ 1.58 $ 1.85
Common - diluted [1] $ 0.46 $ 0.62 $ 1.58 $ 1.85
Weighted Average Limited Partner Units Outstanding        
Common units - basic [1] 101.4 86.6 96.7 82.5
Common units - diluted [1] 101.4 86.7 96.8 82.6
Cash Distributions Paid Per Unit [1] $ 0.8420 $ 0.7225 $ 2.4320 $ 2.0850
[1] (a)Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.
[2] Tesoro accounted for 60% and 54% of our total revenues for the three months ended September 30, 2016 and 2015, respectively, and 58% and 55% of our total revenues for the nine months ended September 30, 2016 and 2015, respectively.
[3] (a)Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.