v3.10.0.1
PARTNERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2018
Distributions Made to Limited Partners and General Partner [Line Items]  
Schedule of Changes in Partners' Equity [Table Text Block]
The following table summarizes changes to our partners’ equity, which excludes the carrying value of the Series D Preferred Units (in thousands of dollars):
Balance as of January 1, 2018
$
2,480,089

Net income
189,608

Unit-based compensation
6,559

Other comprehensive income
23,204

Distributions to partners
(284,605
)
Issuance of common units, including contribution from general partner
10,204

Adjustments related to the Merger (refer to Note 2 for discussion)
(67,972
)
Series D Preferred Unit accretion (refer to Note 11 for discussion)
(4,031
)
Other
(6,174
)
Balance as of September 30, 2018
$
2,346,882

Schedule of Distribution Waterfall [Table Text Block]
Prior to the Merger, our available cash was distributed based on the percentages shown below:
 
 
Percentage of Distribution
Quarterly Distribution Amount per Common Unit
 
Common
 Unitholders
 
General Partner
Including Incentive Distributions
Up to $0.60
 
98%
 
2%
Above $0.60 up to $0.66
 
90%
 
10%
Above $0.66
 
75%
 
25%
Schedule of Distributions To General and Common Limited Partners [Table Text Block]
The following table reflects the allocation of total cash distributions to the general partner and common limited partners applicable to the period in which the distributions were earned:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(Thousands of Dollars, Except Per Unit Data)
General partner interest
$

 
$
2,302

 
$
1,141

 
$
6,947

General partner incentive distribution

 
10,912

 

 
34,736

Total general partner distribution

 
13,214

 
1,141

 
41,683

Common limited partners’ distribution
64,248

 
101,870

 
184,369

 
305,652

Total cash distributions
$
64,248

 
$
115,084

 
$
185,510

 
$
347,335

 
 
 
 
 
 
 
 
Cash distributions per unit applicable to common limited partners
$
0.60

 
$
1.095

 
$
1.800

 
$
3.285

Distributions Made to Common Limited and General Partners, by Distribution [Table Text Block]
The following table summarizes information about our quarterly cash distributions to our general partner, prior to the Merger, and to our common limited partners:
Quarter Ended
 
Cash
Distributions
Per Unit
 
Total Cash
Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
September 30, 2018
 
$
0.600

 
$
64,248

 
November 8, 2018
 
November 14, 2018
June 30, 2018
 
$
0.600

 
$
64,205

 
August 7, 2018
 
August 13, 2018
March 31, 2018
 
$
0.600

 
$
57,057

 
May 8, 2018
 
May 14, 2018
December 31, 2017
 
$
1.095

 
$
115,267

 
February 8, 2018
 
February 13, 2018

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, 2018
$
(51,603
)
 
$
(24,304
)
 
$
(9,020
)
 
$
(84,927
)
Other comprehensive (loss) income:
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassification adjustments
(6,536
)
 
26,067

 

 
19,531

Net gain on pension costs reclassified into other income, net

 

 
(611
)
 
(611
)
Net loss on cash flow hedges reclassified into interest
   expense, net

 
4,271

 

 
4,271

Other
60

 

 
(47
)
 
13

Other comprehensive (loss) income
(6,476
)
 
30,338

 
(658
)
 
23,204

Balance as of September 30, 2018
$
(58,079
)
 
$
6,034

 
$
(9,678
)
 
$
(61,723
)
Preferred Limited Partner [Member]  
Distributions Made to Limited Partners and General Partner [Line Items]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
The following table summarizes information about our cash distributions on our 8.50% Series A, 7.625% Series B and 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:
Period
 
Cash
Distributions
Per Unit
 
Total Cash
Distributions
 
Record Date
 
Payment Date
 
 
 
 
(Thousands of Dollars)
 
 
 
 
Series A Preferred Units:
 
 
 
 
 
 
 
 
September 15, 2018 - December 14, 2018
 
$
0.53125

 
$
4,813

 
December 3, 2018
 
December 17, 2018
June 15, 2018 - September 14, 2018
 
$
0.53125

 
$
4,813

 
September 4, 2018
 
September 17, 2018
March 15, 2018 - June 14, 2018
 
$
0.53125

 
$
4,813

 
June 1, 2018
 
June 15, 2018
December 15, 2017 - March 14, 2018
 
$
0.53125

 
$
4,813

 
March 1, 2018
 
March 15, 2018
 
 
 
 
 
 
 
 
 
Series B Preferred Units:
 
 
 
 
 
 
 
 
September 15, 2018 - December 14, 2018
 
$
0.47657

 
$
7,339

 
December 3, 2018
 
December 17, 2018
June 15, 2018 - September 14, 2018
 
$
0.47657

 
$
7,339

 
September 4, 2018
 
September 17, 2018
March 15, 2018 - June 14, 2018
 
$
0.47657

 
$
7,339

 
June 1, 2018
 
June 15, 2018
December 15, 2017 - March 14, 2018
 
$
0.47657

 
$
7,339

 
March 1, 2018
 
March 15, 2018
 
 
 
 
 
 
 
 
 
Series C Preferred Units:
 
 
 
 
 
 
 
 
September 15, 2018 to December 14, 2018
 
$
0.56250

 
$
3,881

 
December 3, 2018
 
December 17, 2018
June 15, 2018 to September 14, 2018
 
$
0.56250

 
$
3,881

 
September 4, 2018
 
September 17, 2018
March 15, 2018 to June 14, 2018
 
$
0.56250

 
$
3,881

 
June 1, 2018
 
June 15, 2018
November 30, 2017 - March 14, 2018
 
$
0.65625

 
$
4,528

 
March 1, 2018
 
March 15, 2018