XML 50 R33.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Investments in Unconsolidated Affiliates (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Investments in Unconsolidated Affiliates [Abstract] |
Investments in Unconsolidated Affiliates | The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.
|  | Ownership Interest at December 31, 2015 |  |  | December 31, |
|  |  |  |  | 2015 |  |  | 2014 |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |
Venice Energy Service Company, L.L.C. ("VESCO") |  | 13.1% |  |  | $ | 25.9 |  |  | $ | 27.7 |
K/D/S Promix, L.L.C. ("Promix") |  | 50% |  |  |  | 38.3 |  |  |  | 38.5 |
Baton Rouge Fractionators LLC ("BRF") |  | 32.2% |  |  |  | 18.5 |  |  |  | 18.8 |
Skelly-Belvieu Pipeline Company, L.L.C. ("Skelly-Belvieu") |  | 50% |  |  |  | 39.8 |  |  |  | 40.1 |
Texas Express Pipeline LLC ("Texas Express") |  | 35% |  |  |  | 342.0 |  |  |  | 349.3 |
Texas Express Gathering LLC ("TEG") |  | 45% |  |  |  | 36.8 |  |  |  | 37.9 |
Front Range Pipeline LLC ("Front Range") |  | 33.3% |  |  |  | 171.2 |  |  |  | 170.0 |
Delaware Basin Gas Processing LLC ("Delaware Processing") |  | 50% |  |  |  | 46.2 |  |  |  | -- |
Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |
Seaway Crude Pipeline Company LLC ("Seaway") |  | 50% |  |  |  | 1,396.0 |  |  |  | 1,431.2 |
Eagle Ford Pipeline LLC ("Eagle Ford Crude Oil Pipeline") |  | 50% |  |  |  | 388.8 |  |  |  | 336.5 |
Eagle Ford Terminals Corpus Christi LLC ("Eagle Ford Corpus Christi") |  | 50% |  |  |  | 28.6 |  |  |  | -- |
Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |
White River Hub, LLC ("White River Hub") |  | 50% |  |  |  | 22.5 |  |  |  | 23.2 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |
Baton Rouge Propylene Concentrator, LLC ("BRPC") |  | 30% |  |  |  | 5.4 |  |  |  | 6.5 |
Centennial Pipeline LLC ("Centennial") |  | 50% |  |  |  | 65.6 |  |  |  | 66.1 |
Other |  | Various |  |  |  | 2.9 |  |  |  | 2.5 |
Offshore Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |
Various, sold to Genesis in July 2015 (see Note 5) |  | n/a |  |  |  | -- |  |  |  | 493.7 |
Total investments in unconsolidated affiliates |  |  |  |  | $ | 2,628.5 |  |  | $ | 3,042.0 |
The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:
|  | For the Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
NGL Pipelines & Services |  | $ | 57.5 |  |  | $ | 30.6 |  |  | $ | 15.7 |
Crude Oil Pipelines & Services |  |  | 281.4 |  |  |  | 184.6 |  |  |  | 140.3 |
Natural Gas Pipelines & Services |  |  | 3.8 |  |  |  | 3.6 |  |  |  | 3.8 |
Petrochemical & Refined Products Services (1) |  |  | (15.7 | ) |  |  | (13.3 | ) |  |  | (22.3 | )
Offshore Pipelines & Services |  |  | 46.6 |  |  |  | 54.0 |  |  |  | 29.8 |
Total |  | $ | 373.6 |  |  | $ | 259.5 |  |  | $ | 167.3 |
(1) Losses are primarily attributable to our investment in Centennial. As a result of a trend in declining earnings, we estimated the fair value of this equity-method investment during each of the last three fiscal years. Our estimates, based on a combination of the market and income approaches, indicate that the fair value of this investment remains substantially in excess of its carrying value. |
The following table presents our unamortized excess cost amounts by business segment at the dates indicated:
|  | December 31, |
|  | 2015 |  |  | 2014 |
NGL Pipelines & Services |  | $ | 25.3 |  |  | $ | 26.5 |
Crude Oil Pipelines & Services |  |  | 19.3 |  |  |  | 21.7 |
Petrochemical & Refined Products Services |  |  | 2.3 |  |  |  | 2.4 |
Offshore Pipelines & Services (1) |  |  | -- |  |  |  | 9.0 |
Total |  | $ | 46.9 |  |  | $ | 59.6 |
(1) Our investments in unconsolidated affiliates classified within the Offshore Pipelines & Services segment were sold to Genesis in July 2015. |
Combined balance sheet information for the last two years and results of operations data for the last three years for our unconsolidated affiliates are summarized in the following table (all data presented on a 100% basis):
|  | December 31, |  |  |  |
|  | 2015 |  |  | 2014 |  |  |  |
Balance Sheet Data: |  |  |  |  |  |  |  |  |
Current assets |  | $ | 204.5 |  |  | $ | 289.9 |  |  |  |
Property, plant and equipment, net |  |  | 5,671.1 |  |  |  | 6,766.5 |  |  |  |
Other assets |  |  | 58.9 |  |  |  | 60.4 |  |  |  |
Total assets |  | $ | 5,934.5 |  |  | $ | 7,116.8 |  |  |  |
Current liabilities |  | $ | 306.7 |  |  | $ | 305.9 |  |  |  |
Other liabilities |  |  | 103.2 |  |  |  | 309.9 |  |  |  |
Combined equity |  |  | 5,524.6 |  |  |  | 6,501.0 |  |  |  |
Total liabilities and combined equity |  | $ | 5,934.5 |  |  | $ | 7,116.8 |  |  |  |
|  | For the Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Income Statement Data: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,426.6 |  |  | $ | 1,311.3 |  |  | $ | 947.4 |
Operating income |  |  | 825.8 |  |  |  | 600.0 |  |  |  | 423.9 |
Net income |  |  | 814.1 |  |  |  | 587.9 |  |  |  | 382.6 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration