v3.20.4
PARTNERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2020
Distribution Made to Limited Partner [Line Items]  
Schedule of Preferred Units [Table Text Block]
The following is a summary of our Series A, Series B and Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (collectively the Series A, B and C Preferred Units) issued and outstanding as of December 31, 2020:
UnitsOriginal
Issuance Date
Number of Units Issued and OutstandingPrice per Unit
Fixed Distribution Rate per Annum (as a Percentage of the $25.00 Liquidation Preference per Unit)
Fixed Distribution Rate per Unit per AnnumFixed Distribution per Annum (in thousands)Optional Redemption Date/Date at Which Distribution Rate Becomes Floating
Floating Annual Rate (as a Percentage of the $25.00 Liquidation Preference per Unit)
Series A
Preferred Units
November 25,
2016
9,060,000$25.00 8.50 %$2.125 $19,252 December 15, 2021Three-month LIBOR plus 6.766%
Series B
Preferred Units
April 28, 201715,400,000$25.00 7.625 %$1.90625 $29,357 June 15,
2022
Three-month LIBOR plus 5.643%
Series C
Preferred Units
November 30, 20176,900,000$25.00 9.00 %$2.25 $15,525 December 15, 2022Three-month LIBOR plus 6.88%
Schedule of Common Units [Table Text Block]
The following table shows the balance of and changes in the number of our common units outstanding:
Year Ended December 31,
202020192018
Balance as of the beginning of year108,527,806 107,225,156 93,176,683 
Issuance of units— 527,426 413,736 
Unit-based compensation (refer to Note 23 for discussion)
940,321 775,224 225,144 
Merger (refer to Note 5 for discussion)
— — 13,409,593 
Balance as of the end of year109,468,127 108,527,806 107,225,156 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The balance of and changes in the components included in AOCI were as follows:
Foreign
Currency
Translation
Cash Flow HedgesPension and
Other
Postretirement
Benefits
Total
(Thousands of Dollars)
Balance as of January 1, 2018$(51,603)$(24,304)$(9,020)$(84,927)
Other comprehensive (loss) income before
reclassification adjustments
(13,880)17,912 3,282 7,314 
Sale of European Operations reclassified into other income, net
18,124 — — 18,124 
Net gain on pension costs reclassified into other income, net
— — (814)(814)
Net loss on cash flow hedges reclassified into interest expense, net— 5,499 — 5,499 
Other
60 — (134)(74)
Other comprehensive income4,304 23,411 2,334 30,049 
Balance as of December 31, 2018(47,299)(893)(6,686)(54,878)
Other comprehensive income (loss) before
reclassification adjustments
3,527 (19,045)1,000 (14,518)
Net gain on pension costs reclassified into other income, net
— — (2,314)(2,314)
Net loss on cash flow hedges reclassified into interest expense, net— 3,814 — 3,814 
Other comprehensive income (loss)3,527 (15,231)(1,314)(13,018)
Balance as of December 31, 2019(43,772)(16,124)(8,000)(67,896)
Other comprehensive income (loss) before
reclassification adjustments
1,410 (30,291)(2,924)(31,805)
Net gain on pension costs reclassified into other income, net
— — (1,220)(1,220)
Net loss on cash flow hedges reclassified into interest expense, net
— 4,265 — 4,265 
Other comprehensive income (loss)1,410 (26,026)(4,144)(28,760)
Balance as of December 31, 2020$(42,362)$(42,150)$(12,144)$(96,656)
Common Limited Partner [Member]  
Distribution Made to Limited Partner [Line Items]  
Distributions Made to Limited Partner, by Distribution [Table Text Block]
The following table summarizes information about cash distributions to our common limited partners applicable to the period in which the distributions were earned:
Cash Distributions Per UnitTotal Cash DistributionsRecord DatePayment Date
(Thousands of Dollars)
Quarter ended:
December 31, 2020$0.40 $43,787 February 8, 2021February 12, 2021
September 30, 20200.40 43,678 November 6, 2020November 13, 2020
June 30, 20200.40 43,678 August 7, 2020August 13, 2020
March 31, 20200.40 43,730 May 11, 2020May 15, 2020
Year ended December 31, 2020$1.60 $174,873 
Year ended December 31, 2019$2.40 $259,136 
Year ended December 31, 2018$2.40 $248,705