v3.8.0.1
Condensed Statements of Combined Consolidated Operations (unaudited) Statement - USD ($)
shares in Millions, $ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Revenues    
Affiliate [1] $ 934 $ 521 [2]
Third-party [2] 1,177 380
Total Revenues [2] 2,111 901
Costs and Expenses    
Cost of materials and other (excluding items shown separately below) [2] 895 2
Operating expenses (excluding depreciation and amortization) [2] 462 322
General and administrative expenses [2] 89 71
Depreciation and amortization expenses [2] 200 139
(Gain) loss on asset disposals and impairments [2] (25) 3
Operating Income [2] 490 364
Interest and financing costs, net [2] (186) (138)
Equity in earnings of equity method investments [2] 7 10
Other income, net [2] 3 6
Net Earnings [2] 314 [3] 242
(Gain) loss attributable to Predecessors [2] (15) 21
Net Earnings Attributable to Partners [2] 299 263
General partner’s interest in net earnings, including incentive distribution rights [2] (79) (108)
Limited Partners’ Interest in Net Earnings [2] $ 220 $ 155
Net Earnings per Limited Partner Unit    
Common - basic [2] $ 2.05 $ 1.58
Common - diluted [2] $ 2.05 $ 1.58
Weighted Average Limited Partner Units Outstanding    
Common units - basic [2] 107.0 96.7
Common units - diluted [2] 107.1 96.8
Cash Distributions Paid Per Unit [2] $ 2.821 $ 2.432
[1] Andeavor accounted for 44% and 58% of our total revenues for the nine months ended September 30, 2017 and 2016, respectively
[2] Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
[3] Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.