v3.5.0.2
Condensed Statements of Combined Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Affiliate [1] $ 168 $ 154 $ 337 $ 302
Third-party 125 121 256 236
Total Revenues 293 275 593 538
Costs and Expenses        
Operating and maintenance expenses 109 111 222 210
Imbalance settlement gains and reimbursements (6) (11) (13) (19)
General and administrative expenses 22 28 46 53
Depreciation and amortization expenses 45 44 89 88
Net loss on asset disposals and impairments 0 0 1 0
Total Costs and Expenses 170 172 345 332
Operating Income 123 103 248 206
Interest and financing costs, net (45) (38) (89) (75)
Equity in earnings of unconsolidated affiliates 3 1 7 4
Other Income, net 0 0 6 0
Net Earnings 81 66 172 135
Loss attributable to Predecessor 2 6 3 11
Net earnings attributable to noncontrolling interest 0 (6) 0 (16)
Net Earnings Attributable to Partners 83 66 175 130
General partner's interest in net earnings, including incentive distribution rights (36) (17) (68) (31)
Limited Partners’ Interest in Net Earnings $ 47 $ 49 $ 107 $ 99
Net Earnings per Limited Partner Unit        
Common - basic $ 0.48 $ 0.60 $ 1.12 $ 1.23
Common - diluted $ 0.48 $ 0.60 $ 1.12 $ 1.23
Weighted average limited partner units outstanding:        
Common units - basic 95.2 80.7 94.4 80.5
Common units - diluted 95.2 80.8 94.4 80.6
Cash distributions paid per unit $ 0.8100 $ 0.6950 $ 1.5900 $ 1.3625
[1] Tesoro accounted for 57% of our total revenues for both the three and six months ended June 30, 2016 and 56% of our total revenues for both the three and six months ended June 30, 2015.