v3.26.3
Earnings (Loss) per Unit (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2026202520262025
Allocation of net income from continuing operations among partner interests:
Net income from continuing operations allocated to Class A common unitholders$542 $318 $1,387 $668 
Net income from continuing operations allocated to Partnership exchangeable unitholders162 122 427 259 
Net income from continuing operations attributable to common unitholders$704 $440 $1,814 $927 
Allocation of net loss from discontinued operations among partner interests:
Net loss from discontinued operations allocated to Class A common unitholders$— $3 $— $5 
Net loss from discontinued operations allocated to Partnership exchangeable unitholders— 1 — 2 
Net loss from discontinued operations attributable to common unitholders$— $4 $— $7 
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders$542 $315 $1,387 $663 
Net income allocated to Partnership exchangeable unitholders162 121 427 257 
Net income attributable to common unitholders$704 $436 $1,814 $920 
Denominator - basic and diluted partnership units:
Weighted average Class A common units230 209 228 209 
Weighted average Partnership exchangeable units105 127 107 127 
Earnings per unit attributable to common unitholders - basic and diluted:
Net income from continuing operations - Class A common units (a)$2.35 $1.52 $6.08 $3.20 
Net loss from discontinued operations - Class A common units (a)$— $(0.01)$— $(0.02)
Net income - Class A common units (a)$2.35 $1.51 $6.08 $3.18 
Net income from continuing operations - Partnership exchangeable units (a)$1.55 $0.97 $3.97 $2.04 
Net loss from discontinued operations - Partnership exchangeable units (a)$— $(0.01)$— $(0.02)
Net income - Partnership exchangeable units (a)$1.55 $0.96 $3.97 $2.02 
(a)Earnings (loss) per unit may not recalculate exactly as it is calculated based on unrounded numbers.