v3.26.1
Earnings (Loss) per Unit (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Unit
The following table summarizes the basic and diluted earnings (loss) per unit calculations (in millions, except per unit amounts):

Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Allocation of net income from continuing operations among partner interests:
Net income from continuing operations allocated to Class A common unitholders$507 $190 $845 $350 
Net income from continuing operations allocated to Partnership exchangeable unitholders158 74 265 137 
Net income from continuing operations attributable to common unitholders$665 $264 $1,110 $487 
Allocation of net loss from discontinued operations among partner interests:
Net loss from discontinued operations allocated to Class A common unitholders$— $$— $
Net loss from discontinued operations allocated to Partnership exchangeable unitholders— — 
Net loss from discontinued operations attributable to common unitholders$— $$— $
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders$507 $189 $845 $348 
Net income allocated to Partnership exchangeable unitholders158 74 265 136 
Net income attributable to common unitholders$665 $263 $1,110 $484 
Denominator - basic and diluted partnership units:
Weighted average Class A common units228 209 227 209 
Weighted average Partnership exchangeable units108 127 109 127 
Earnings per unit attributable to common unitholders - basic and diluted:
Net income from continuing operations - Class A common units (a)$2.23 $0.91 $3.73 $1.68 
Net loss from discontinued operations - Class A common units (a)$— $(0.00)$— $(0.01)
Net income - Class A common units (a)$2.23 $0.91 $3.73 $1.67 
Net income from continuing operations - Partnership exchangeable units (a)$1.46 $0.58 $2.43 $1.07 
Net loss from discontinued operations - Partnership exchangeable units (a)$— $(0.00)$— $(0.01)
Net income - Partnership exchangeable units (a)$1.46 $0.58 $2.43 $1.06 
(a)Earnings (loss) per unit may not recalculate exactly as it is calculated based on unrounded numbers.