v3.20.2

Partners' Capital and Distributions | 6 Months Ended
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Jun. 30, 2020
Partners' Capital Notes [Abstract] |
Partners' Capital and Distributions | Partners’ Capital and Distributions Partners’ Capital Our general partner’s board of directors authorized the repurchase of up to $750 million of our common units through 2022. The timing, price and actual number of common units repurchased will depend on a number of factors including our expected expansion capital spending needs, alternative investment opportunities, excess cash available, legal and regulatory requirements, market conditions and the trading price of our common units. The repurchase program does not obligate us to acquire any particular amount of common units, and the repurchase program may be suspended or discontinued at any time. The following table details the changes in the number of our common units outstanding from December 31, 2019 through June 30, 2020:
Common units outstanding on December 31, 2019 |  | 228,403,428 |
Units repurchased during 2020 |  | (3,631,784 | )
January 2020–Settlement of employee LTIP awards |  | 275,093 |
During 2020–Other(a) |  | 9,550 |
Common units outstanding on June 30, 2020 |  | 225,056,287 |
(a) Common units issued to settle the equity-based retainers paid to independent directors of our general partner. Distributions Distributions we paid during 2019 and 2020 were as follows (in thousands, except per unit amounts):
Payment Date |  | Per Unit Cash Distribution Amount |  | Total Cash Distribution
02/14/2019 |  |  | $ | 0.9975 |  |  |  |  | $ | 227,832 |  |
05/15/2019 |  |  | 1.0050 |  |  |  |  | 229,545 |  |
Through 06/30/2019 |  |  | 2.0025 |  |  |  |  | 457,377 |  |
08/14/2019 |  |  | 1.0125 |  |  |  |  | 231,258 |  |
11/14/2019 |  |  | 1.0200 |  |  |  |  | 232,971 |  |
Total |  |  | $ | 4.0350 |  |  |  |  | $ | 921,606 |  |
02/14/2020 |  |  | $ | 1.0275 |  |  |  |  | $ | 234,774 |  |
05/15/2020 |  |  | 1.0275 |  |  |  |  | 231,245 |  |
Through 06/30/2020 |  |  | 2.0550 |  |  |  |  | 466,019 |  |
08/14/2020(a) |  |  | 1.0275 |  |  |  |  | 231,245 |  |
Total |  |  | $ | 3.0825 |  |  |  |  | $ | 697,264 |  |
(a) Our general partner’s board of directors declared this cash distribution in July 2020 to be paid on August 14, 2020 to unitholders of record at the close of business on August 7, 2020.

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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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