v2.4.0.6
Guarantee of Securities of Subsidiaries (Tables)
 3 Months Ended
Mar. 31, 2013
Guarantee of Securities of Subsidiaries [Abstract]  
Schedule of Condensed Cash Flow Statement [Table Text Block]
Condensed Consolidating Statements of Cash Flow for the Three Months Ended March 31, 2013
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Net cash provided by operating activities
$
325

 
$
—

 
$
6

 
$
968

 
$
(532
)
 
$
767

 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
(11
)
 
—

 
—

 
(587
)
 
—

 
(598
)
Drop down assets to KMP
988

 
—

 
—

 
(988
)
 
—

 
—

Proceeds from sale of investments in Express pipeline system
—

 
—

 
—

 
403

 
—

 
403

Proceeds from sale of investments in BBPP Holdings Ltda
—

 
—

 
—

 
88

 
—

 
88

Acquisitions of assets and investments
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Repayments from related party
—

 
—

 
—

 
10

 
—

 
10

Contributions to investments
(13
)
 
—

 
(1
)
 
(40
)
 
14

 
(40
)
Distributions from equity investments in excess of cumulative earnings
—

 
—

 
—

 
37

 
—

 
37

Other, net
—

 
—

 
—

 
(12
)
 
—

 
(12
)
Net cash provided by (used in) investing activities
964

 
—

 
(1
)
 
(1,093
)
 
14

 
(116
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
Issuance of debt
520

 
—

 
—

 
2,699

 
—

 
3,219

Payment of debt
(1,230
)
 
—

 
(50
)
 
(1,811
)
 
—

 
(3,091
)
Debt issuance costs
—

 
—

 
—

 
(7
)
 
—

 
(7
)
Cash dividends
(384
)
 
—

 
—

 
—

 

 
(384
)
Repurchase of warrants
(80
)
 
—

 
—

 
—

 
—

 
(80
)
Distribution to parent
—

 
—

 
—

 
(530
)
 
530

 
—

Contributions from noncontrolling interests
—

 
—

 
—

 
477

 
(12
)
 
465

Distributions to noncontrolling interests
—

 
—

 
—

 
(375
)
 
—

 
(375
)
Net cash (used in) provided by financing activities
(1,174
)
 
—

 
(50
)
 
453

 
518

 
(253
)
 
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
(6
)
 
—

 
(6
)
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
115

 
—

 
(45
)
 
322

 
—

 
392

Cash and cash equivalents, beginning of period
3

 
—

 
45

 
666

 
—

 
714

Cash and cash equivalents, end of period
$
118

 
$
—

 
$
—

 
$
988

 
$
—

 
$
1,106

Condensed Consolidating Statements of Cash Flow for the Three Months Ended March 31, 2012
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Net cash provided by operating activities
$
249

 
$
—

 
$
—

 
$
646

 
$
(335
)
 
$
560

 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures
(1
)
 
—

 
—

 
(353
)
 
—

 
(354
)
Acquisitions of assets and investments
—

 
—

 
—

 
(30
)
 
—

 
(30
)
Contributions to investments
(1
)
 
—

 
—

 
(49
)
 
1

 
(49
)
Distributions from equity investments in excess of cumulative earnings
—

 
—

 
—

 
48

 
—

 
48

Other, net
—

 
—

 
—

 
20

 
—

 
20

Net cash used in investing activities
(2
)
 
—

 
—

 
(364
)
 
1

 
(365
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
Issuance of debt
252

 
—

 
—

 
2,420

 
—

 
2,672

Payment of debt
(278
)
 
—

 
—

 
(2,160
)
 
—

 
(2,438
)
Debt issuance costs
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Cash dividends
(220
)
 
—

 
—

 
—

 
—

 
(220
)
Distributions to parent
—

 
—

 
—

 
(335
)
 
335

 
—

Contributions from noncontrolling interests
—

 
—

 
—

 
125

 
(1
)
 
124

Distributions to noncontrolling interests
—

 
—

 
—

 
(251
)
 
—

 
(251
)
Net cash used in financing activities
(246
)
 
—

 
—

 
(207
)
 
334

 
(119
)
 
 
 
 
 
 
 
 
 
 
 
 
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
7

 
—

 
7

 
 
 
 
 
 
 
 
 
 
 
 
Net increase in cash and cash equivalents
1

 
—

 
—

 
82

 
—

 
83

Cash and cash equivalents, beginning of period
2

 
—

 
—

 
409

 
—

 
411

Cash and cash equivalents, end of period
$
3

 
$
—

 
$
—

 
$
491

 
$
—

 
$
494
Schedule of Condensed Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheets as of March 31, 2013
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
118

 
$
—

 
$
—

 
$
988

 
$
—

 
$
1,106

All other current assets
684

 
7

 
1

 
8,036

 
(6,148
)
 
2,580

Property, plant and equipment, net
17

 
—

 
—

 
31,184

 
—

 
31,201

Investments
20,490

 
10,682

 
7,574

 
5,596

 
(38,569
)
 
5,773

Goodwill
—

 
—

 
8,002

 
15,567

 
—

 
23,569

Deferred charges and all other assets
505

 
—

 
1,207

 
5,828

 
(3,461
)
 
4,079

Total assets
$
21,814

 
$
10,689

 
$
16,784

 
$
67,199

 
$
(48,178
)
 
$
68,308

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Current portion of debt
$
1,274

 
$
—

 
$
165

 
$
1,437

 
$
—

 
$
2,876

All other current liabilities
68

 
—

 
6,211

 
2,575

 
(6,148
)
 
2,706

Long-term debt
4,116

 
—

 
4,301

 
25,376

 
(2,279
)
 
31,514

Deferred income taxes
2,139

 
23

 
—

 
3,239

 
(1,182
)
 
4,219

All other long-term liabilities
542

 
—

 
173

 
1,970

 
—

 
2,685

     Total liabilities
8,139

 
23

 
10,850

 
34,597

 
(9,609
)
 
44,000

 
 
 
 
 
 
 
 
 
 
 
 
Stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive (loss) income
(157
)
 
(25
)
 
(25
)
 
(8
)
 
58

 
(157
)
Other stockholders’ equity
13,832

 
10,691

 
5,959

 
21,977

 
(38,627
)
 
13,832

Total KMI equity
13,675

 
10,666

 
5,934

 
21,969

 
(38,569
)
 
13,675

Noncontrolling interests
—

 
—

 
—

 
10,633

 
—

 
10,633

     Total stockholders’ equity
13,675

 
10,666

 
5,934

 
32,602

 
(38,569
)
 
24,308

Total liabilities and stockholders’ equity
$
21,814

 
$
10,689

 
$
16,784

 
$
67,199

 
$
(48,178
)
 
$
68,308




Condensed Consolidating Balance Sheets as of December 31, 2012 (a)
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
3

 
$
—

 
$
45

 
$
666

 
$
—

 
$
714

All other current assets
778

 
—

 
—

 
8,598

 
(6,416
)
 
2,960

Property, plant and equipment, net
8

 
—

 
—

 
30,988

 
—

 
30,996

Investments
20,051

 
12,025

 
8,504

 
5,645

 
(40,421
)
 
5,804

Goodwill
—

 
—

 
8,000

 
15,572

 
—

 
23,572

Deferred charges and all other assets
1,758

 
—

 
1,205

 
6,007

 
(4,831
)
 
4,139

Total assets
$
22,598

 
$
12,025

 
$
17,754

 
$
67,476

 
$
(51,668
)
 
$
68,185

 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Current portion of debt
$
1,035

 
$
—

 
$
115

 
$
1,251

 
$
—

 
$
2,401

All other current liabilities
161

 
273

 
6,162

 
2,628

 
(6,416
)
 
2,808

Long-term debt
4,832

 
296

 
4,413

 
26,109

 
(3,650
)
 
32,000

Deferred income taxes
2,095

 
22

 
—

 
3,097

 
(1,181
)
 
4,033

All other long term liabilities
610

 
—

 
172

 
2,062

 
—

 
2,844

     Total liabilities
8,733

 
591

 
10,862

 
35,147

 
(11,247
)
 
44,086

 
 
 
 
 
 
 
 
 
 
 
 
Stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive (loss) income
(119
)
 
(14
)
 
(14
)
 
28

 
—

 
(119
)
Other stockholders’ equity
13,984

 
11,448

 
6,906

 
22,067

 
(40,421
)
 
13,984

Total KMI equity
13,865

 
11,434

 
6,892

 
22,095

 
(40,421
)
 
13,865

Noncontrolling interests
—

 
—

 
—

 
10,234

 
—

 
10,234

     Total stockholders’ equity
13,865

 
11,434

 
6,892

 
32,329

 
(40,421
)
 
24,099

Total liabilities and stockholders’ equity
$
22,598

 
$
12,025

 
$
17,754

 
$
67,476

 
$
(51,668
)
 
$
68,185
Schedule of Condensed Income Statement [Table Text Block]
ssed in Note 2.


Condensed Consolidating Statements of Income for the Three Months Ended March 31, 2013
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Revenues
$
9

 
$
—

 
$
—

 
$
3,058

 
$
(7
)
 
$
3,060

 
 
 
 
 
 
 
 
 
 
 
 
Costs, expenses and other
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
—

 
—

 
—

 
970

 
—

 
970

     Depreciation, depletion and amortization
—

 
—

 
—

 
412

 
—

 
412

     Other operating expenses
3

 
—

 
—

 
662

 
(7
)
 
658

Total costs, expenses and other
3

 
—

 
—

 
2,044

 
(7
)
 
2,040

 
 
 
 
 
 
 
 
 
 
 
 
Operating income (loss)
6

 
—

 
—

 
1,014

 
—

 
1,020

 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
     Earnings from equity investments
339

 
61

 
167

 
77

 
(543
)
 
101

     Amortization of excess cost of equity investments and other, net
—

 
—

 
—

 
218

 
—

 
218

     Interest, net
(65
)
 
—

 
(106
)
 
(231
)
 
—

 
(402
)
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
280

 
61

 
61

 
1,078

 
(543
)
 
937

 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (expense)
12

 
—

 
—

 
(291
)
 
—

 
(279
)
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
292

 
61

 
61

 
787

 
(543
)
 
658

 
 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations, net of tax
—

 
—

 
—

 
(2
)
 
—

 
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
Net income
292

 
61

 
61

 
785

 
(543
)
 
656

 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to noncontrolling interests
—

 
—

 
—

 
(364
)
 
—

 
(364
)
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to controlling interests
$
292

 
$
61

 
$
61

 
$
421

 
$
(543
)
 
$
292









Condensed Consolidating Statements of Income for the Three Months Ended March 31, 2012
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Revenues
$
9

 
$
—

 
$
—

 
$
1,848

 
$
—

 
$
1,857

 
 
 
 
 
 
 
 
 
 
 
 
Costs, expenses and other
 
 
 
 
 
 
 
 
 
 
 
Costs of sales
—

 
—

 
—

 
580

 
—

 
580

     Depreciation, depletion and amortization
—

 
—

 
—

 
274

 
—

 
274

     Other operating expenses
22

 
—

 
—

 
465

 
—

 
487

Total costs, expenses and other
22

 
—

 
—

 
1,319

 
—

 
1,341

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(13
)
 
—

 
—

 
529

 
—

 
516

 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
     Earnings from equity investments
58

 
—

 
—

 
72

 
(65
)
 
65

     Amortization of excess cost of equity investments and other, net
1

 
—

 
—

 
(2
)
 
—

 
(1
)
     Interest, net
(48
)
 
—

 
—

 
(131
)
 
—

 
(179
)
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations before income taxes
(2
)
 
—

 
—

 
468

 
(65
)
 
401

 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (expense)
23

 
—

 
—

 
(119
)
 
—

 
(96
)
 
 
 
 
 
 
 
 
 
 
 

Income from continuing operations
21


—

 
—

 
349

 
(65
)
 
305

 
 
 
 
 
 
 
 
 
 
 
 
Loss from discontinued operations, net of tax
—

 
—

 
—

 
(378
)
 
—

 
(378
)
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
21

 
—

 
—

 
(29
)
 
(65
)
 
(73
)
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to noncontrolling interests
—

 
—

 
—

 
94

 
—

 
94

 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to controlling interests
$
21

 
$
—

 
$
—

 
$
65

 
$
(65
)
 
$
21



Condensed C
Condensed consolidating statement of comprehensive income [Table Text Block]
Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2013
(In Millions)

 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Net Income
$
292

 
$
61

 
$
61

 
$
785

 
$
(543
)
 
$
656

Other comprehensive income, net of tax
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of derivatives utilized for hedging purposes
(16
)
 
—

 
—

 
(26
)
 
11

 
(31
)
Reclassification of change in fair value of derivatives to net income
(4
)
 
—

 
—

 
(4
)
 
2

 
(6
)
Foreign currency translation adjustments
(17
)
 
—

 
—

 
(28
)
 
12

 
(33
)
Adjustments to pension and other postretirement benefit plan liabilities
(1
)
 
(11
)
 
(11
)
 
(11
)
 
33

 
(1
)
Total other comprehensive loss
(38
)
 
(11
)

(11
)

(69
)

58

 
(71
)
Comprehensive income
254

 
50


50


716


(485
)
 
585

Comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
(331
)
 
—

 
(331
)
Comprehensive income attributable to controlling interests
$
254

 
$
50

 
$
50

 
$
385

 
$
(485
)
 
$
254






























Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2012
(In Millions)
 
Parent Guarantor
 
Guarantor Subsidiary
 
Subsidiary Issuers
 
Non-guarantor Subsidiaries
 
Eliminations
 
Consolidated KMI
Net Income (loss)
$
21

 
$
—

 
$
—

 
$
(29
)
 
$
(65
)
 
$
(73
)
Other comprehensive income, net of tax
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of derivatives utilized for hedging purposes
(34
)
 
—

 
—

 
(86
)
 
34

 
(86
)
Reclassification of change in fair value of derivatives to net income
9

 
—

 
—

 
23

 
(9
)
 
23

Foreign currency translation adjustments
12

 
—

 
—

 
29

 
(12
)
 
29

Total other comprehensive loss
(13
)
 
—


—


(34
)

13


(34
)
Comprehensive income (loss)
8

 
—

 
—

 
(63
)
 
(52
)
 
(107
)
Comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
115

 
—

 
115

Comprehensive income attributable to controlling interests
$
8

 
$
—

 
$
—

 
$
52

 
$
(52
)
 
$
8