v3.7.0.1
Condensed Statements of Combined Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Affiliate [1] $ 203 $ 169
Third-party 217 131
Total Revenues 420 300
Costs and Expenses    
Cost of Sales 59 0
Operating expenses 126 110
General and administrative expenses 27 24
Depreciation and amortization expenses 58 46
Loss on asset disposals and impairments 0 1
Operating Income 150 119
Interest and financing costs, net (60) (44)
Equity in earnings of equity method investments 2 4
Other income, net 0 6
Net Earnings 92 85
Loss attributable to Predecessors 0 7
Net Earnings Attributable to Partners 92 92
General partner’s interest in net earnings, including incentive distribution rights (37) (32)
Limited Partners’ Interest in Net Earnings $ 55 $ 60
Net Earnings per Limited Partner Unit    
Common - basic $ 0.51 $ 0.64
Common - diluted $ 0.51 $ 0.64
Weighted Average Limited Partner Units Outstanding    
Common units - basic 104.8 93.6
Common units - diluted 104.9 93.6
Cash Distributions Paid Per Unit $ 0.91 $ 0.78
[1] Tesoro accounted for 48% and 56% of our total revenues for the three months ended March 31, 2017 and 2016, respectively.