v3.5.0.2
PARTNERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2016
Partners' Capital Notes [Abstract]  
Schedule of Changes in Partners' Equity
The following table summarizes changes to our partners’ equity (in thousands of dollars):
Balance as of January 1, 2016
$
1,609,844

Net income
109,918

Unit-based compensation expense
4,352

Other comprehensive loss
(38,117
)
Cash distributions to partners
(196,102
)
Balance as of June 30, 2016
$
1,489,895


 

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The balance of and changes in the components included in AOCI were as follows:
 
Foreign
Currency
Translation
 
Cash Flow
Hedges
 
Pension and
Other
Postretirement
Benefits
 
Total
 
(Thousands of Dollars)
Balance as of January 1, 2016
$
(60,826
)
 
$
(27,968
)
 
$

 
$
(88,794
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
Employee Transfer

 

 
4,201

 
4,201

Deferred income tax adjustments

 

 
2,414

 
2,414

Other comprehensive income (loss) before
   reclassification adjustments
1,711

 
(50,178
)
 

 
(48,467
)
Net gain on pension costs reclassified into operating
   expense

 

 
(479
)
 
(479
)
Net gain on pension costs reclassified into general and
   administrative expense

 

 
(166
)
 
(166
)
Net loss on cash flow hedges reclassified into interest
   expense, net

 
4,380

 

 
4,380

Other comprehensive income (loss)
1,711

 
(45,798
)
 
5,970

 
(38,117
)
Balance as of June 30, 2016
$
(59,115
)
 
$
(73,766
)
 
$
5,970

 
$
(126,911
)
Schedule of Calculation of Net Income Applicable to General Partner [Text Block]
The following table details the calculation of net income applicable to the general partner:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(Thousands of Dollars)
Net income applicable to general partner and
    limited partners’ interest
$
52,517

 
$
54,325

 
$
109,918

 
$
182,224

Less general partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Net income after general partner incentive distribution
41,712

 
43,520

 
88,308

 
160,614

General partner interest
2
%
 
2
%
 
2
%
 
2
%
General partner allocation of net income after general
    partner incentive distribution
834

 
871

 
1,766

 
3,213

General partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Net income applicable to general partner
$
11,639

 
$
11,676

 
$
23,376

 
$
24,823


Schedule of Distributions To General and Limited Partners [Text Block]
The following table reflects the allocation of total cash distributions to the general and limited partners applicable to the period in which the distributions were earned:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$
1,961

 
$
1,961

 
$
3,922

 
$
3,922

General partner incentive distribution
10,805

 
10,805

 
21,610

 
21,610

Total general partner distribution
12,766

 
12,766

 
25,532

 
25,532

Limited partners’ distribution
85,285

 
85,285

 
170,570

 
170,570

Total cash distributions
$
98,051

 
$
98,051

 
$
196,102

 
$
196,102

 
 
 
 
 
 
 
 
Cash distributions per unit applicable to limited partners
$
1.095

 
$
1.095

 
$
2.190

 
$
2.190

Distributions Made to Limited and General Partners, by Distribution [Table Text Block]
The following table summarizes information related to our quarterly cash distributions:
Quarter Ended
 
Cash Distributions Per Unit
 
Total Cash Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
June 30, 2016 (a)
 
$
1.095

 
$
98,051

 
August 9, 2016
 
August 12, 2016
March 31, 2016
 
$
1.095

 
$
98,051

 
May 9, 2016
 
May 13, 2016
December 31, 2015
 
$
1.095

 
$
98,051

 
February 8, 2016
 
February 12, 2016
(a)
The distribution was announced on July 29, 2016.