v3.19.2

Acquisitions Acquisitions (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2019
Business Combinations [Abstract] |
Acquisitions | Acquisitions 2018 Drop Down On August 6, 2018, we completed the 2018 Drop Down for total consideration of $1.55 billion. These assets include gathering, storage and transportation assets in the Permian Basin; legacy Western Refining, Inc. assets and associated crude terminals; the majority of Andeavor’s remaining refining terminalling, transportation and storage assets; and equity method investments in Andeavor Logistics Rio Pipeline LLC (“ALRP”), Minnesota Pipe Line Company, LLC, and PNAC, LLC (“PNAC”). In addition, the Conan Crude Oil Gathering System and the Los Angeles Refinery Interconnect Pipeline (“LARIP”) were transferred at cost plus incurred interest. SLC Core Pipeline System On May 1, 2018, we completed our acquisition of the SLC Core Pipeline System from Plains All American Pipeline, L.P. for total consideration of $180 million. The system consists of pipelines that transport crude oil to another third-party pipeline system that supplies Salt Lake City area refineries, including Marathon’s Salt Lake City refinery. We financed the acquisition using our Revolving Credit Facility. This acquisition is not material to our condensed consolidated financial statements and its operating results are reported in our Terminalling and Transportation segment. Combined Consolidated Financial Information As discussed further in Note 1, we refer to the historical results of the assets acquired from our Sponsor in the 2018 Drop Down (prior to August 6, 2018) as our “Predecessors.” The following table presents our results of operations disaggregated to present results relating to us and the Predecessors for the assets acquired from our Sponsor and the total amounts included in our combined financial statements for the three and six months ended June 30, 2018. Reconciliation of Combined Financial Statements (in millions)
| Three Months Ended June 30, 2018 |  | Six Months Ended June 30, 2018
| Combined |  | Andeavor Logistics |  | Predecessors |  | Combined |  | Andeavor Logistics |  | Predecessors
Revenues |  |  |  |  |  |  |  |  |  |  |
Affiliate | $ | 389 |  |  | $ | 381 |  |  | $ | 8 |  |  | $ | 716 |  |  | $ | 699 |  |  | $ | 17 |
Third-party | 180 |  |  | 176 |  |  | 4 |  |  | 399 |  |  | 393 |  |  | 6 |
Total Revenues | 569 |  |  | 557 |  |  | 12 |  |  | 1,115 |  |  | 1,092 |  |  | 23 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |
NGL expense (exclusive of items shown separately below) | 45 |  |  | 45 |  |  | — |  |  | 93 |  |  | 93 |  |  | — |
Operating expenses (exclusive of depreciation and amortization) | 221 |  |  | 201 |  |  | 20 |  |  | 422 |  |  | 391 |  |  | 31 |
Depreciation and amortization expenses | 93 |  |  | 83 |  |  | 10 |  |  | 182 |  |  | 163 |  |  | 19 |
General and administrative expenses | 29 |  |  | 25 |  |  | 4 |  |  | 60 |  |  | 52 |  |  | 8 |
Loss on asset disposals and impairments | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |
Operating Income (Loss) | 180 |  |  | 202 |  |  | (22 | ) |  | 357 |  |  | 392 |  |  | (35 | )
Interest and financing costs, net | (60 | ) |  | (58 | ) |  | (2 | ) |  | (115 | ) |  | (112 | ) |  | (3 | )
Equity in earnings of equity method investments | 10 |  |  | 3 |  |  | 7 |  |  | 18 |  |  | 5 |  |  | 13 |
Other income, net | 2 |  |  | 1 |  |  | 1 |  |  | 3 |  |  | 2 |  |  | 1 |
Net Earnings (Loss) | $ | 132 |  |  | $ | 148 |  |  | $ | (16 | ) |  | $ | 263 |  |  | $ | 287 |  |  | $ | (24 | )
Loss attributable to Predecessors | $ | 16 |  |  | $ | — |  |  | $ | 16 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 24 |
Net Earnings Attributable to Partners | 148 |  |  | 148 |  |  | — |  |  | 287 |  |  | 287 |  |  | — |
Preferred unitholders’ interest in net earnings | (10 | ) |  | (10 | ) |  | — |  |  | (24 | ) |  | (24 | ) |  | — |
Limited Partners’ Interest in Net Earnings | $ | 138 |  |  | $ | 138 |  |  | $ | — |  |  | $ | 263 |  |  | $ | 263 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration