v3.23.1
Consolidated Statement of Changes in Members' Equity - USD ($)
$ in Millions
Total
Common Units
Accumulated Other Comprehensive Loss
Non-Controlling Interest
Member equity, beginning balance at Dec. 31, 2021 $ 2,987.0 $ 1,325.8 $ (1.4) $ 1,662.6
Units outstanding, beginning balance (in shares) at Dec. 31, 2021   484,300,000    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (4.2) $ (4.2)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   1,200,000    
Unit-based compensation 8.1 $ 8.1    
Contributions from non-controlling interests 7.3     7.3
Distributions (91.0) (56.4)   (34.6)
Unrealized gain (loss) on designated cash flow hedge 0.1 [1]   0.1  
Redemption of Preferred Units (50.5)     (50.5)
Common units repurchased $ (17.0) $ (17.0)    
Common units repurchased (in shares) (2,093,842) (2,100,000)    
Net income $ 66.0 $ 35.2   30.8
Member equity, end balance at Mar. 31, 2022 2,905.8 $ 1,291.5 (1.3) 1,615.6
Units outstanding, end balance (in shares) at Mar. 31, 2022   483,400,000    
Member equity, beginning balance at Dec. 31, 2022 $ 2,912.7 $ 1,306.4 0.0 1,606.3
Units outstanding, beginning balance (in shares) at Dec. 31, 2022 468,980,630 469,000,000.0    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes $ (16.8) $ (16.8)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   2,500,000    
Unit-based compensation 4.0 $ 4.0    
Contributions from non-controlling interests 8.4     8.4
Distributions (104.1) (61.7)   (42.4)
Unrealized gain (loss) on designated cash flow hedge (1.2) [1]   (1.2) [2]  
Redemption of Preferred Units (3.9)     (3.9)
Common units repurchased $ (51.4) $ (51.4)    
Common units repurchased (in shares) (4,444,415) (4,400,000)    
Net income $ 94.2 $ 58.2   36.0
Member equity, end balance at Mar. 31, 2023 $ 2,841.9 $ 1,238.7 $ (1.2) $ 1,604.4
Units outstanding, end balance (in shares) at Mar. 31, 2023 467,137,866 467,100,000    
[1] Includes tax benefit of $0.4 million for the three months ended March 31, 2023.
[2] Includes tax benefit of $0.4 million for the three months ended March 31, 2023.