v3.26.1
Earnings (Loss) per Unit (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Unit
The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts):

Three Months Ended
March 31,
20262025
Allocation of net income from continuing operations among partner interests:
Net income from continuing operations allocated to Class A common unitholders$338 $160 
Net income from continuing operations allocated to Partnership exchangeable unitholders107 63 
Net income from continuing operations attributable to common unitholders$445 $223 
Allocation of net loss from discontinued operations among partner interests:
Net loss from discontinued operations allocated to Class A common unitholders$— $1 
Net loss from discontinued operations allocated to Partnership exchangeable unitholders— 1 
Net loss from discontinued operations attributable to common unitholders$— $2 
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders$338 $159 
Net income allocated to Partnership exchangeable unitholders107 62 
Net income attributable to common unitholders$445 $221 
Denominator - basic and diluted partnership units:
Weighted average Class A common units226 209 
Weighted average Partnership exchangeable units109 127 
Earnings per unit attributable to common unitholders - basic and diluted:
Net income from continuing operations - Class A common units (a)$1.50 $0.77 
Net loss from discontinued operations - Class A common units (a)$— $(0.01)
Net income - Class A common units (a)$1.50 $0.76 
Net income from continuing operations - Partnership exchangeable units (a)$0.98 $0.49 
Net loss from discontinued operations - Partnership exchangeable units (a)$— $0.00 
Net income - Partnership exchangeable units (a)$0.98 $0.49 
(a)Earnings (loss) per unit may not recalculate exactly as it is calculated based on unrounded numbers.