XML 71 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Inventories
6 Months Ended
Jun. 30, 2014
Inventories [Abstract]  
Inventories
Note 5.  Inventories

Our inventory amounts by product type were as follows at the dates indicated:

 
 
June 30,
2014
  
December 31,
2013
 
NGLs
 
$
617.8
  
$
593.8
 
Petrochemicals and refined products
  
300.8
   
395.1
 
Crude oil
  
368.9
   
42.6
 
Natural gas
  
30.8
   
61.6
 
Total
 
$
1,318.3
  
$
1,093.1
 

Due to fluctuating commodity prices, we recognize lower of cost or market adjustments when the carrying value of our available-for-sale inventories exceeds their net realizable value.  The following table presents our total cost of sales amounts and lower of cost or market adjustments for the periods indicated:

 
 
For the Three Months
Ended June 30,
  
For the Six Months
Ended June 30,
 
 
 
2014
  
2013
  
2014
  
2013
 
Cost of sales (1)
 
$
10,705.3
  
$
9,458.3
  
$
21,758.0
  
$
19,150.8
 
Lower of cost or market adjustments
  
2.7
   
7.7
   
7.9
   
10.4
 
(1)   Cost of sales is a component of "Operating costs and expenses" as presented on our Unaudited Condensed Statements of Consolidated Operations. Period-to-period fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.