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Derivative Instruments, Hedging Activities and Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2019
Derivative Instruments, Hedging Activities and Fair Value Measurements [Abstract] |
Hedging Instruments Under the FASB's Derivative and Hedging Guidance | The following table summarizes our portfolio of 30-year forward-starting swaps at December 31, 2019, all of which are associated with the expected future issuance of senior notes.
Hedged Transaction | Number and Type of Derivatives Outstanding | Notional Amount | Expected Settlement Date | Weighted-Average Fixed Rate Locked | Accounting Treatment
Future long-term debt offering | 1 forward-starting swap (1) | $75.0 | 9/2020 | 2.39% | Cash flow hedge
Future long-term debt offering | 1 forward-starting swap (1) | $75.0 | 4/2021 | 2.41% | Cash flow hedge
Future long-term debt offering | 5 forward-starting swaps (2) | $500.0 | 9/2020 | 2.12% | Cash flow hedge
Future long-term debt offering | 5 forward-starting swaps (2) | $500.0 | 4/2021 | 2.13% | Cash flow hedge
(1) | These swaps were entered into in May 2019.
(2) | These swaps were entered into in September 2019 as a result of the exercise of swaptions.
The following table summarizes our portfolio of commodity derivative instruments outstanding at December 31, 2019 (volume measures as noted):
| Volume (1) |  | Accounting
Derivative Purpose | Current (2) |  | Long-Term (2) |  | Treatment
Derivatives designated as hedging instruments: |  |  |  |  |
Natural gas processing: |  |  |  |  |  |  |
Forecasted natural gas purchases for plant thermal reduction (Bcf) |  | 3.9 |  |  | n/a |  | Cash flow hedge
Forecasted sales of NGLs (MMBbls) |  | 0.8 |  |  | n/a |  | Cash flow hedge
Octane enhancement: |  |  |  |  |  |  |
Forecasted purchase of NGLs (MMBbls) |  | 0.6 |  |  | n/a |  | Cash flow hedge
Forecasted sales of octane enhancement products (MMBbls) |  | 11.2 |  |  | 0.1 |  | Cash flow hedge
Natural gas marketing: |  |  |  |  |  |  |
Forecasted purchases of natural gas (Bcf) |  | 1.1 |  |  | n/a |  | Cash flow hedge
Natural gas storage inventory management activities (Bcf) |  | 3.0 |  |  | n/a |  | Fair value hedge
NGL marketing: |  |  |  |  |  |  |
Forecasted purchases of NGLs and related hydrocarbon products (MMBbls) |  | 103.5 |  |  | n/a |  | Cash flow hedge
Forecasted sales of NGLs and related hydrocarbon products (MMBbls) |  | 128.1 |  |  | n/a |  | Cash flow hedge
NGLs inventory management activities (MMBbls) |  | 0.5 |  |  | n/a |  | Fair value hedge
Refined products marketing: |  |  |  |  |  |  |
Forecasted purchases of refined products (MMBbls) |  | 0.2 |  |  | n/a |  | Cash flow hedge
Forecasted sales of refined products (MMBbls) |  | 0.2 |  |  | n/a |  | Cash flow hedge
Crude oil marketing: |  |  |  |  |  |  |
Forecasted purchases of crude oil (MMBbls) |  | 15.3 |  |  | n/a |  | Cash flow hedge
Forecasted sales of crude oil (MMBbls) |  | 19.9 |  |  | n/a |  | Cash flow hedge
Propylene marketing: |  |  |  |  |  |  |
Forecasted sales of NGLs for propylene marketing activities (MMBbls) |  | 0.5 |  |  | n/a |  | Cash flow hedge
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Natural gas risk management activities (Bcf) (3) |  | 52.3 |  |  | 0.2 |  | Mark-to-market
NGL risk management activities (MMBbls) (3) |  | 6.5 |  |  | n/a |  | Mark-to-market
Refined products risk management activities (MMBbls) (3) |  | 9.4 |  |  | n/a |  | Mark-to-market
Crude oil risk management activities (MMBbls) (3) |  | 27.3 |  |  | 11.0 |  | Mark-to-market
(1) | Volume for derivatives designated as hedging instruments reflects the total amount of volumes hedged whereas volume for derivatives not designated as hedging instruments reflects the absolute value of derivative notional volumes.
(2) | The maximum term for derivatives designated as cash flow hedges, derivatives designated as fair value hedges and derivatives not designated as hedging instruments is January 2021, April 2020 and December 2022, respectively.
(3) | Reflects the use of derivative instruments to manage risks associated with transportation, processing and storage assets.
Derivative Assets and Liabilities Balance Sheet | The following table provides a balance sheet overview of our derivative assets and liabilities at the dates indicated:
| Asset Derivatives |  | Liability Derivatives
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2019 |  | December 31, 2018
| Balance Sheet Location | Fair Value |  | Balance Sheet Location | Fair Value |  | Balance Sheet Location | Fair Value |  | Balance Sheet Location | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives | Current assets | $ | – |  | Current assets | $ | – |  | Current liabilities | $ | 6.7 |  | Current liabilities | $ | –
Interest rate derivatives | Other assets |  | – |  | Other assets |  | – |  | Other liabilities |  | 6.8 |  | Other liabilities |  | –
Total interest rate derivatives |  |  | – |  |  |  | – |  |  |  | 13.5 |  |  |  | –
Commodity derivatives | Current assets |  | 116.5 |  | Current assets |  | 138.5 |  | Current liabilities |  | 107.1 |  | Current liabilities |  | 115.0
Commodity derivatives | Other assets |  | – |  | Other assets |  | 5.6 |  | Other liabilities |  | – |  | Other liabilities |  | 11.1
Total commodity derivatives |  |  | 116.5 |  |  |  | 144.1 |  |  |  | 107.1 |  |  |  | 126.1
Total derivatives designated as hedging instruments |  | $ | 116.5 |  |  | $ | 144.1 |  |  | $ | 120.6 |  |  | $ | 126.1
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivatives | Current assets |  | 10.7 |  | Current assets |  | 15.9 |  | Current liabilities |  | 8.6 |  | Current liabilities |  | 33.2
Commodity derivatives | Other assets |  | 0.6 |  | Other assets |  | 1.9 |  | Other liabilities |  | 0.5 |  | Other liabilities |  | 3.1
Total commodity derivatives |  |  | 11.3 |  |  |  | 17.8 |  |  |  | 9.1 |  |  |  | 36.3
Total derivatives not designated as hedging instruments |  | $ | 11.3 |  |  | $ | 17.8 |  |  | $ | 9.1 |  |  | $ | 36.3
Offsetting Financial Assets |
| Offsetting of Financial Assets and Derivative Assets |
|  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Balance Sheet |  | Amounts of Assets Presented in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Paid |  | Cash Collateral Received |  | Amounts That Would Have Been Presented On Net Basis |
| (i) |  | (ii) |  | (iii) = (i) – (ii) |  | (iv) |  | (v) = (iii) + (iv) |
As of December 31, 2019: |  |  |  |  |  |  |  |  |  |
Commodity derivatives |  | $ | 127.8 |  |  | $ | – |  |  | $ | 127.8 |  |  | $ | (115.3 | ) |  | $ | (11.0 | ) |  | $ | – |  |  | $ | 1.5 |
As of December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivatives |  | $ | 161.9 |  |  |  | – |  |  | $ | 161.9 |  |  | $ | (158.6 | ) |  | $ | – |  |  | $ | – |  |  | $ | 3.3 |
Offsetting Financial Liabilities |
| Offsetting of Financial Liabilities and Derivative Liabilities |
|  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Balance Sheet |  | Amounts of Liabilities Presented in the Balance Sheet |  | Financial Instruments |  | Cash Collateral Paid |  | Amounts That Would Have Been Presented On Net Basis |
| (i) |  | (ii) |  | (iii) = (i) – (ii) |  | (iv) |  | (v) = (iii) + (iv) |
As of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | $ | 13.5 |  |  | $ | – |  |  | $ | 13.5 |  |  | $ | – |  |  | $ | – |  |  | $ | 13.5 |
Commodity derivatives |  |  | 116.2 |  |  |  | – |  |  |  | 116.2 |  |  |  | (115.3 | ) |  |  | – |  |  |  | 0.9 |
As of December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivatives |  | $ | 162.4 |  |  | $ | – |  |  | $ | 162.4 |  |  | $ | (158.6 | ) |  | $ | (2.3 | ) |  | $ | 1.5 |
Derivative Instruments Effects on Statements of Operations | The following tables present the effect of our derivative instruments designated as fair value hedges on our Statements of Consolidated Operations for the years indicated:
Derivatives in Fair Value Hedging Relationships | Location |  | Gain (Loss) Recognized in Income on Derivative |
|  |  | For the Year Ended December 31, |
|  |  | 2019 |  |  | 2018 |  |  | 2017 |
Interest rate derivatives | Interest expense |  | $ | – |  |  | $ | 1.3 |  |  | $ | (0.2 | )
Commodity derivatives | Revenue |  |  | 2.2 |  |  |  | 9.9 |  |  |  | 1.1 |
Total |  |  | $ | 2.2 |  |  | $ | 11.2 |  |  | $ | 0.9 |
Derivatives in Fair Value Hedging Relationships | Location |  | Gain (Loss) Recognized in Income on Hedged Item |
|  |  | For the Year Ended December 31, |
|  |  | 2019 |  |  | 2018 |  |  | 2017 |
Interest rate derivatives | Interest expense |  | $ | – |  |  | $ | (1.4 | ) |  | $ | 0.4 |
Commodity derivatives | Revenue |  |  | 6.9 |  |  |  | (6.9 | ) |  |  | 27.4 |
Total |  |  | $ | 6.9 |  |  | $ | (8.3 | ) |  | $ | 27.8 |
Derivative Instruments Effects on Statements of Comprehensive Income | The following tables present the effect of our derivative instruments designated as cash flow hedges on our Statements of Consolidated Operations and Statements of Consolidated Comprehensive Income for the years indicated:
Derivatives in Cash Flow Hedging Relationships | Change in Value Recognized in Other Comprehensive Income (Loss) On Derivative |
| For the Year Ended December 31, |
| 2019 |  | 2018 |  | 2017 |
Interest rate derivatives |  | $ | 81.4 |  |  | $ | 22.2 |  |  | $ | (5.7 | )
Commodity derivatives – Revenue (1) |  |  | 55.8 |  |  |  | 293.0 |  |  |  | (33.7 | )
Commodity derivatives – Operating costs and expenses (1) |  |  | (11.7 | ) |  |  | 0.2 |  |  |  | (4.8 | )
Total |  | $ | 125.5 |  |  | $ | 315.4 |  |  | $ | (44.2 | )
(1) | The fair value of these derivative instruments will be reclassified to their respective locations on the Statement of Consolidated Operations upon settlement of the underlying derivative transactions, as appropriate.
Gain/(Loss) Reclassified from Accumulated Other Comprehensive Income/(Loss) to Income |
Derivatives in Cash Flow Hedging Relationships | Location |  | Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Income |
|  |  | For the Year Ended December 31, |
|  |  | 2019 |  |  | 2018 |  |  | 2017 |
Interest rate derivatives | Interest expense |  | $ | (37.3 | ) |  | $ | (38.1 | ) |  | $ | (40.4 | )
Commodity derivatives | Revenue |  |  | 152.4 |  |  |  | 131.7 |  |  |  | (111.6 | )
Commodity derivatives | Operating costs and expenses |  |  | (10.7 | ) |  |  | (1.3 | ) |  |  | (0.6 | )
Total |  |  | $ | 104.4 |  |  | $ | 92.3 |  |  | $ | (152.6 | )
Gain/(Loss) Recognized in Income on Derivative | The following table presents the effect of our derivative instruments not designated as hedging instruments on our Statements of Consolidated Operations for the years indicated:
Derivatives Not Designated as Hedging Instruments | Location |  | Gain (Loss) Recognized in Income on Derivative |
|  |  | For the Year Ended December 31, |
|  |  | 2019 |  |  | 2018 |  |  | 2017 |
Interest rate derivatives | Interest expense |  | $ | (94.9 | ) |  | $ | – |  |  | $ | – |
Commodity derivatives | Revenue |  |  | 102.2 |  |  |  | (462.9 | ) |  |  | (42.7 | )
Commodity derivatives | Operating costs and expenses |  |  | (12.4 | ) |  |  | 8.2 |  |  |  | 0.1 |
Total |  |  | $ | (5.1 | ) |  | $ | (454.7 | ) |  | $ | (42.6 | )
Unrealized mark-to-market gains (losses) | In total and inclusive of both fair value hedges and derivatives not designated as hedging instruments, unrealized mark-to-market gains (losses) included in gross operating margin and interest expense for the years indicated:
|  | For the Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Mark-to-market gains (losses) in gross operating margin: |  |  |  |  |  |  |  |  |
NGL Pipelines & Services |  | $ | (5.5 | ) |  | $ | 18.0 |  |  | $ | (11.2 | )
Crude Oil Pipelines & Services |  |  | 80.6 |  |  |  | (44.1 | ) |  |  | (4.8 | )
Natural Gas Pipelines & Services |  |  | (0.2 | ) |  |  | 6.7 |  |  |  | (9.4 | )
Petrochemical & Refined Products Services |  |  | (7.2 | ) |  |  | 1.7 |  |  |  | 2.4 |
Total mark-to-market impact on gross operating margin |  |  | 67.7 |  |  |  | (17.7 | ) |  |  | (23.0 | )
Mark-to-market gains (losses) in interest expense |  |  | (94.9 | ) |  |  | (0.1 | ) |  |  | 0.2 |
Total |  | $ | (27.2 | ) |  | $ | (17.8 | ) |  | $ | (22.8 | )
Fair Value Measurements of Financial Assets and Liabilities Measured on a Recurring Basis |
|  | At December 31, 2019 Fair Value Measurements Using |  |  |  |
|  | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Value before application of CME Rule 814 |  | $ | 53.4 |  |  | $ | 343.7 |  |  | $ | 0.1 |  |  | $ | 397.2 |
Impact of CME Rule 814 change |  |  | (47.0 | ) |  |  | (222.4 | ) |  |  | – |  |  |  | (269.4 | )
Total commodity derivatives |  |  | 6.4 |  |  |  | 121.3 |  |  |  | 0.1 |  |  |  | 127.8 |
Total |  | $ | 6.4 |  |  | $ | 121.3 |  |  | $ | 0.1 |  |  | $ | 127.8 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquidity Option (see Note 17) |  | $ | – |  |  | $ | – |  |  | $ | 509.6 |  |  | $ | 509.6 |
Interest rate derivatives |  |  | – |  |  |  | 13.5 |  |  |  | – |  |  |  | 13.5 |
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Value before application of CME Rule 814 |  |  | 88.1 |  |  |  | 273.6 |  |  |  | 0.3 |  |  |  | 362.0 |
Impact of CME Rule 814 change |  |  | (81.9 | ) |  |  | (163.9 | ) |  |  | – |  |  |  | (245.8 | )
Total commodity derivatives |  |  | 6.2 |  |  |  | 109.7 |  |  |  | 0.3 |  |  |  | 116.2 |
Total |  | $ | 6.2 |  |  | $ | 123.2 |  |  | $ | 509.9 |  |  | $ | 639.3 |
|  | At December 31, 2018 Fair Value Measurements Using |  |  |  |
|  | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Value before application of CME Rule 814 |  | $ | 172.3 |  |  | $ | 282.4 |  |  | $ | 2.2 |  |  | $ | 456.9 |
Impact of CME Rule 814 change |  |  | (134.8 | ) |  |  | (159.3 | ) |  |  | (0.9 | ) |  |  | (295.0 | )
Total commodity derivatives |  |  | 37.5 |  |  |  | 123.1 |  |  |  | 1.3 |  |  |  | 161.9 |
Total |  | $ | 37.5 |  |  | $ | 123.1 |  |  | $ | 1.3 |  |  | $ | 161.9 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquidity Option (see Note 17) |  | $ | – |  |  | $ | – |  |  | $ | 390.0 |  |  | $ | 390.0 |
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Value before application of CME Rule 814 |  |  | 85.5 |  |  |  | 291.2 |  |  |  | 21.4 |  |  |  | 398.1 |
Impact of CME Rule 814 change |  |  | (48.6 | ) |  |  | (172.9 | ) |  |  | (14.2 | ) |  |  | (235.7 | )
Total commodity derivatives |  |  | 36.9 |  |  |  | 118.3 |  |  |  | 7.2 |  |  |  | 162.4 |
Total |  | $ | 36.9 |  |  | $ | 118.3 |  |  | $ | 397.2 |  |  | $ | 552.4 |
Fair Value Measurements, Valuation Techniques | The following tables provide quantitative information regarding our recurring Level 3 fair value measurements for commodity derivatives at the dates indicated:
|  | Fair Value At December 31, 2019 |  |  |  |
|  | Financial Assets |  |  | Financial Liabilities |  | Valuation Techniques | Unobservable Input | Range
Commodity derivatives – Crude oil |  | $ | 0.1 |  |  | $ | 0.3 |  | Discounted cash flow | Forward commodity prices | $61.05-$62.14/barrel
Total |  | $ | 0.1 |  |  | $ | 0.3 |  |  |  |
|  | Fair Value At December 31, 2018 |  |  |  |
|  | Financial Assets |  |  | Financial Liabilities |  | Valuation Techniques | Unobservable Input | Range
Commodity derivatives – Crude oil |  | $ | 0.9 |  |  | $ | 0.8 |  | Discounted cash flow | Forward commodity prices | $37.59-$51.99/barrel
Commodity derivatives – Ethane |  |  | 0.4 |  |  |  | 0.6 |  | Discounted cash flow | Forward commodity prices | $0.28-$0.31/gallon
Commodity derivatives – Propane |  |  | – |  |  |  | 1.0 |  | Discounted cash flow | Forward commodity prices | $0.61-$0.66/gallon
Commodity derivatives – Normal butane |  |  | – |  |  |  | 0.7 |  | Discounted cash flow | Forward commodity prices | $0.66-$0.72/gallon
Commodity derivatives – Natural gasoline |  |  | – |  |  |  | 4.1 |  | Discounted cash flow | Forward commodity prices | $0.99-$1.01/gallon
Total |  | $ | 1.3 |  |  | $ | 7.2 |  |  |  |
Reconciliation of Changes in the Fair Value of Level 3 Financial Assets and Liabilities | The following table sets forth a reconciliation of changes in the fair values of our recurring Level 3 financial assets and liabilities on a combined basis for the years indicated:
test |  |  | For the Year Ended December 31, |
test | Location |  | 2019 |  |  | 2018 |
Financial asset (liability) balance, net, January 1 |  |  | $ | (395.9 | ) |  | $ | (332.7 | )
Total gains (losses) included in: |  |  |  |  |  |  |  |  |
Net income (1) | Revenue |  |  | 3.7 |  |  |  | 0.7 |
Net income | Other expense, net – Liquidity Option |  |  | (119.6 | ) |  |  | (56.1 | )
Other comprehensive income (loss) | Commodity derivative instruments – changes in fair value of cash flow hedges |  |  | (2.1 | ) |  |  | (3.2 | )
Settlements (1) | Revenue |  |  | (3.5 | ) |  |  | (1.9 | )
Transfers out of Level 3 (2) |  |  |  | 7.6 |  |  |  | (2.7 | )
Financial liability balance, net, December 31 (2) |  |  | $ | (509.8 | ) |  | $ | (395.9 | )
(1) | There were $0.2 million of unrealized gains and $1.2 million of unrealized losses included in these amounts for the years ended December 31, 2019 and 2018, respectively.
(2) | Transfers out of Level 3 into Level 2 were due to shorter remaining transaction maturities falling inside of the Level 2 range at December 31, 2019 and 2018.
Nonrecurring Fair Value Measurements | The following table presents categories of long-lived assets that were subject to non-recurring fair value measurements during the year ended December 31, 2019:
|  |  | Fair Value Measurements at the End of the Reporting Period Using |  |  |
| Carrying Value at December 31, 2019 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Non-Cash Impairment Loss |
Long-lived assets disposed of other than by sale |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | 50.6 |
Long-lived assets held and used |  |  | 0.3 |  |  |  | – |  |  |  | – |  |  |  | 0.3 |  |  |  | 0.5 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 51.1 |
The following table presents categories of long-lived assets, primarily property, plant and equipment, that were subject to non-recurring fair value measurements during the year ended December 31, 2018:
|  |  | Fair Value Measurements at the End of the Reporting Period Using |  |  |
| Carrying Value at December 31, 2018 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Non-Cash Impairment Loss |
Long-lived assets disposed of other than by sale |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | 43.7 |
Long-lived assets held and used |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 3.1 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 46.8 |
The following table presents categories of long-lived assets, primarily property, plant and equipment, that were subject to non-recurring fair value measurements during the year ended December 31, 2017:
|  |  |  |  | Fair Value Measurements at the End of the Reporting Period Using |  |  |  |
|  | Carrying Value at December 31, 2017 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total Non-Cash Impairment Loss |
Long-lived assets disposed of other than by sale |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | – |  |  | $ | 16.7 |
Long-lived assets held and used |  |  | 1.5 |  |  |  | – |  |  |  | – |  |  |  | 1.5 |  |  |  | 15.4 |
Long-lived assets held for sale |  |  | 2.5 |  |  |  | – |  |  |  | – |  |  |  | 2.5 |  |  |  | 2.5 |
Long-lived assets disposed of by sale |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 3.2 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 37.8 |

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