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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