v2.4.0.8

Guarantee of Securities of Subsidiaries (Tables) | 3 Months Ended
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Mar. 31, 2014
Guarantees [Abstract] |
Schedule of Condensed Balance Sheet [Table Text Block] |
Condensed Consolidating Balance Sheet as of March 31, 2014 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 56 |  |  | $ | — |  |  | $ | 457 |  |  | $ | — |  |  | $ | 513 |
All other current assets | 642 |  |  | 3 |  |  | 2,826 |  |  | (322 | ) |  | 3,149 |
Property, plant and equipment, net | 25 |  |  | — |  |  | 36,927 |  |  | — |  |  | 36,952 |
Investments | — |  |  | — |  |  | 5,962 |  |  | — |  |  | 5,962 |
Investments in affiliates | 20,437 |  |  | 6,151 |  |  | — |  |  | (26,588 | ) |  | — |
Goodwill | — |  |  | 8,062 |  |  | 16,501 |  |  | — |  |  | 24,563 |
Notes receivable from affiliates | — |  |  | — |  |  | 1,993 |  |  | (1,993 | ) |  | — |
Other non-current assets | 208 |  |  | 844 |  |  | 4,679 |  |  | (816 | ) |  | 4,915 |
Total assets | $ | 21,368 |  |  | $ | 15,060 |  |  | $ | 69,345 |  |  | $ | (29,719 | ) |  | $ | 76,054 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of debt | $ | 660 |  |  | $ | 317 |  |  | $ | 1,435 |  |  | $ | — |  |  | $ | 2,412 |
All other current liabilities | 247 |  |  | 124 |  |  | 3,607 |  |  | (322 | ) |  | 3,656 |
Long-term debt | 3,117 |  |  | 3,987 |  |  | 27,695 |  |  | — |  |  | 34,799 |
Notes payable to affiliates | 1,993 |  |  | — |  |  | — |  |  | (1,993 | ) |  | — |
Deferred income taxes | 2,295 |  |  | — |  |  | 3,120 |  |  | (816 | ) |  | 4,599 |
Other long-term liabilities and deferred credits | 256 |  |  | 71 |  |  | 1,827 |  |  | — |  |  | 2,154 |
Total liabilities | 8,568 |  |  | 4,499 |  |  | 37,684 |  |  | (3,131 | ) |  | 47,620 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Total KMI equity | 12,800 |  |  | 10,561 |  |  | 15,603 |  |  | (26,164 | ) |  | 12,800 |
Noncontrolling interests | — |  |  | — |  |  | 16,058 |  |  | (424 | ) |  | 15,634 |
Total stockholders’ equity | 12,800 |  |  | 10,561 |  |  | 31,661 |  |  | (26,588 | ) |  | 28,434 |
Total liabilities and stockholders’ equity | $ | 21,368 |  |  | $ | 15,060 |  |  | $ | 69,345 |  |  | $ | (29,719 | ) |  | $ | 76,054 |
Condensed Consolidating Balance Sheet as of December 31, 2013 (In Millions)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 83 |  |  | $ | — |  |  | $ | 515 |  |  | $ | — |  |  | $ | 598 |
All other current assets | 945 |  |  | 38 |  |  | 2,763 |  |  | (476 | ) |  | 3,270 |
Property, plant and equipment, net | 10 |  |  | — |  |  | 35,837 |  |  | — |  |  | 35,847 |
Investments | — |  |  | — |  |  | 5,951 |  |  | — |  |  | 5,951 |
Investments in affiliates | 20,336 |  |  | 6,651 |  |  | — |  |  | (26,987 | ) |  | — |
Goodwill | — |  |  | 8,062 |  |  | 16,442 |  |  | — |  |  | 24,504 |
Notes receivable from affiliates | — |  |  | — |  |  | 1,993 |  |  | (1,993 | ) |  | — |
Other non-current assets | 227 |  |  | 841 |  |  | 4,759 |  |  | (812 | ) |  | 5,015 |
Total assets | $ | 21,601 |  |  | $ | 15,592 |  |  | $ | 68,260 |  |  | $ | (30,268 | ) |  | $ | 75,185 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Current portion of debt | $ | 175 |  |  | $ | 400 |  |  | $ | 1,731 |  |  | $ | — |  |  | $ | 2,306 |
All other current liabilities | 228 |  |  | 135 |  |  | 3,882 |  |  | (476 | ) |  | 3,769 |
Long-term debt | 3,371 |  |  | 3,999 |  |  | 26,517 |  |  | — |  |  | 33,887 |
Notes payable to affiliates | 1,993 |  |  | — |  |  | — |  |  | (1,993 | ) |  | — |
Deferred income taxes | 2,426 |  |  | — |  |  | 3,037 |  |  | (812 | ) |  | 4,651 |
Other long term liabilities and deferred credits | 315 |  |  | 69 |  |  | 1,903 |  |  | — |  |  | 2,287 |
Total liabilities | 8,508 |  |  | 4,603 |  |  | 37,070 |  |  | (3,281 | ) |  | 46,900 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Total KMI equity | 13,093 |  |  | 10,989 |  |  | 15,596 |  |  | (26,585 | ) |  | 13,093 |
Noncontrolling interests | — |  |  | — |  |  | 15,594 |  |  | (402 | ) |  | 15,192 |
Total stockholders’ equity | 13,093 |  |  | 10,989 |  |  | 31,190 |  |  | (26,987 | ) |  | 28,285 |
Total liabilities and stockholders’ equity | $ | 21,601 |  |  | $ | 15,592 |  |  | $ | 68,260 |  |  | $ | (30,268 | ) |  | $ | 75,185 |
Schedule of Condensed Income Statement [Table Text Block] |
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2014 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
Revenues | $ | 9 |  |  | $ | — |  |  | $ | 4,048 |  |  | $ | (10 | ) |  | $ | 4,047 |
Costs, expenses and other |  |  |  |  |  |  |  |  |
Costs of sales | — |  |  | — |  |  | 1,643 |  |  | — |  |  | 1,643 |
Depreciation, depletion and amortization | — |  |  | — |  |  | 496 |  |  | — |  |  | 496 |
Other operating expenses | 8 |  |  | — |  |  | 763 |  |  | (10 | ) |  | 761 |
Total costs, expenses and other | 8 |  |  | — |  |  | 2,902 |  |  | (10 | ) |  | 2,900 |
Operating income | 1 |  |  | — |  |  | 1,146 |  |  | — |  |  | 1,147 |
Other income (expense) |  |  |  |  |  |  |  |  |
Earnings from equity investments | 345 |  |  | 127 |  |  | 99 |  |  | (472 | ) |  | 99 |
Interest, net | (73 | ) |  | (65 | ) |  | (310 | ) |  | — |  |  | (448 | )
Amortization of excess cost of equity investments and other, net | 1 |  |  | — |  |  | 2 |  |  | — |  |  | 3 |
Income from continuing operations before income taxes | 274 |  |  | 62 |  |  | 937 |  |  | (472 | ) |  | 801 |
Income tax benefit (expense) | 13 |  |  | (13 | ) |  | (200 | ) |  | — |  |  | (200 | )
Net income | 287 |  |  | 49 |  |  | 737 |  |  | (472 | ) |  | 601 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (331 | ) |  | 17 |  |  | (314 | )
Net income attributable to controlling interests | $ | 287 |  |  | $ | 49 |  |  | $ | 406 |  |  | $ | (455 | ) |  | $ | 287 |
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2013 (In Millions) (Unaudited)
| Parent Guarantor |  | 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 | — |  |  | — |  |  | 415 |  |  | — |  |  | 415 |
Other operating expenses | 3 |  |  | (3 | ) |  | 665 |  |  | (7 | ) |  | 658 |
Total costs, expenses and other | 3 |  |  | (3 | ) |  | 2,050 |  |  | (7 | ) |  | 2,043 |
Operating income | 6 |  |  | 3 |  |  | 1,008 |  |  | — |  |  | 1,017 |
Other income (expense) |  |  |  |  |  |  |  |  |
Earnings from equity investments | 339 |  |  | 142 |  |  | 101 |  |  | (481 | ) |  | 101 |
Interest, net | (65 | ) |  | (106 | ) |  | (231 | ) |  | — |  |  | (402 | )
Amortization of excess cost of equity investments, gain on sale of investments and other, net | — |  |  | (1 | ) |  | 222 |  |  | — |  |  | 221 |
Income from continuing operations before income taxes | 280 |  |  | 38 |  |  | 1,100 |  |  | (481 | ) |  | 937 |
Income tax benefit (expense) | 12 |  |  | — |  |  | (291 | ) |  | — |  |  | (279 | )
Income from continuing operations | 292 |  |  | 38 |  |  | 809 |  |  | (481 | ) |  | 658 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Net income | 292 |  |  | 38 |  |  | 807 |  |  | (481 | ) |  | 656 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (388 | ) |  | 24 |  |  | (364 | )
Net income attributable to controlling interests | $ | 292 |  |  | $ | 38 |  |  | $ | 419 |  |  | $ | (457 | ) |  | $ | 292 |
Condensed consolidating statement of comprehensive income [Table Text Block] |
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2014 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
Net income | $ | 287 |  |  | $ | 49 |  |  | $ | 737 |  |  | $ | (472 | ) |  | $ | 601 |
Other comprehensive loss, net of tax |  |  |  |  |  |  |  |  |
Change in fair value of derivatives utilized for hedging purposes | (19 | ) |  | (2 | ) |  | (44 | ) |  | 20 |  |  | (45 | )
Reclassification of change in fair value of derivatives to net income | 6 |  |  | — |  |  | 13 |  |  | (5 | ) |  | 14 |
Foreign currency translation adjustments | (25 | ) |  | — |  |  | (60 | ) |  | 23 |  |  | (62 | )
Adjustments to pension and other postretirement benefit plan liabilities | — |  |  | — |  |  | (2 | ) |  | 1 |  |  | (1 | )
Total other comprehensive loss | (38 | ) |  | (2 | ) |  | (93 | ) |  | 39 |  |  | (94 | )
Comprehensive income | 249 |  |  | 47 |  |  | 644 |  |  | (433 | ) |  | 507 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (258 | ) |  | — |  |  | (258 | )
Comprehensive income attributable to controlling interests | $ | 249 |  |  | $ | 47 |  |  | $ | 386 |  |  | $ | (433 | ) |  | $ | 249 |
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2013 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
Net income | $ | 292 |  |  | $ | 38 |  |  | $ | 807 |  |  | $ | (481 | ) |  | $ | 656 |
Other comprehensive loss, net of tax |  |  |  |  |  |  |  |  |
Change in fair value of derivatives utilized for hedging purposes | (16 | ) |  | 1 |  |  | (30 | ) |  | 14 |  |  | (31 | )
Reclassification of change in fair value of derivatives to net income | (4 | ) |  | (1 | ) |  | (6 | ) |  | 5 |  |  | (6 | )
Foreign currency translation adjustments | (17 | ) |  | — |  |  | (32 | ) |  | 16 |  |  | (33 | )
Adjustments to pension and other postretirement benefit plan liabilities | (1 | ) |  | (3 | ) |  | (1 | ) |  | 4 |  |  | (1 | )
Total other comprehensive loss | (38 | ) |  | (3 | ) |  | (69 | ) |  | 39 |  |  | (71 | )
Comprehensive income | 254 |  |  | 35 |  |  | 738 |  |  | (442 | ) |  | 585 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (331 | ) |  | — |  |  | (331 | )
Comprehensive income attributable to controlling interests | $ | 254 |  |  | $ | 35 |  |  | $ | 407 |  |  | $ | (442 | ) |  | $ | 254 |
Schedule of Condensed Cash Flow Statement [Table Text Block] |
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2014 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
Net cash provided by (used in) operating activities | $ | 526 |  |  | $ | (88 | ) |  | $ | 1,287 |  |  | $ | (607 | ) |  | $ | 1,118 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Business acquisitions | — |  |  | — |  |  | (960 | ) |  | — |  |  | (960 | )
Acquisitions of other assets and investments | — |  |  | — |  |  | (30 | ) |  | — |  |  | (30 | )
Capital expenditures | (15 | ) |  | — |  |  | (830 | ) |  | — |  |  | (845 | )
Loans to related party | — |  |  | — |  |  | (17 | ) |  | — |  |  | (17 | )
Funding to affiliates | (235 | ) |  | (1 | ) |  | (43 | ) |  | 279 |  |  | — |
Investments in KMP and EPB | (11 | ) |  | — |  |  | — |  |  | 11 |  |  | — |
Contributions to investments | — |  |  | — |  |  | (36 | ) |  | — |  |  | (36 | )
Distributions from equity investments in excess of cumulative earnings | 10 |  |  | — |  |  | 38 |  |  | (10 | ) |  | 38 |
Natural gas storage and natural gas and liquids line-fill | — |  |  | — |  |  | 21 |  |  | — |  |  | 21 |
Other, net | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Net cash (used in) provided by investing activities | (251 | ) |  | (1 | ) |  | (1,847 | ) |  | 280 |  |  | (1,819 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Issuance of debt | 643 |  |  | — |  |  | 4,548 |  |  | — |  |  | 5,191 |
Payment of debt | (408 | ) |  | (83 | ) |  | (3,693 | ) |  | — |  |  | (4,184 | )
Funding from affiliates | 39 |  |  | 172 |  |  | 68 |  |  | (279 | ) |  | — |
Debt issuance costs | (2 | ) |  | — |  |  | (10 | ) |  | — |  |  | (12 | )
Cash dividends | (425 | ) |  | — |  |  | — |  |  | — |  |  | (425 | )
Repurchases of shares and warrants | (149 | ) |  | — |  |  | — |  |  | — |  |  | (149 | )
Distributions to parent | — |  |  | — |  |  | (610 | ) |  | 610 |  |  | — |
Contributions from noncontrolling interests | — |  |  | — |  |  | 688 |  |  | (4 | ) |  | 684 |
Distributions to noncontrolling interests | — |  |  | — |  |  | (479 | ) |  | — |  |  | (479 | )
Net cash (used in) provided by financing activities | (302 | ) |  | 89 |  |  | 512 |  |  | 327 |  |  | 626 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Net decrease in cash and cash equivalents | (27 | ) |  | — |  |  | (58 | ) |  | — |  |  | (85 | )
Cash and cash equivalents, beginning of period | 83 |  |  | — |  |  | 515 |  |  | — |  |  | 598 |
Cash and cash equivalents, end of period | $ | 56 |  |  | $ | — |  |  | $ | 457 |  |  | $ | — |  |  | $ | 513 |
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2013 (In Millions) (Unaudited)
| Parent Guarantor |  | Subsidiary Issuers |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated KMI
Net cash provided by operating activities | $ | 335 |  |  | $ | 21 |  |  | $ | 943 |  |  | $ | (532 | ) |  | $ | 767 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Acquisitions of assets and investments | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Capital expenditures | (11 | ) |  | — |  |  | (587 | ) |  | — |  |  | (598 | )
Proceeds from sale of investments | — |  |  | — |  |  | 491 |  |  | — |  |  | 491 |
Repayment from related party | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Funding to affiliates | (65 | ) |  | (181 | ) |  | (167 | ) |  | 413 |  |  | — |
Drop down assets to KMP | 988 |  |  | — |  |  | (988 | ) |  | — |  |  | — |
Investments in KMP and EPB | (7 | ) |  | (1 | ) |  | — |  |  | 8 |  |  | — |
Contributions to investments | (6 | ) |  | — |  |  | (40 | ) |  | 6 |  |  | (40 | )
Distributions from equity investments in excess of cumulative earnings | — |  |  | — |  |  | 37 |  |  | — |  |  | 37 |
Natural gas storage and natural gas and liquids line-fill | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Other, net | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Net cash provided by (used in) investing activities | 899 |  |  | (182 | ) |  | (1,260 | ) |  | 427 |  |  | (116 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Issuance of debt | 520 |  |  | — |  |  | 2,699 |  |  | — |  |  | 3,219 |
Payment of debt | (1,230 | ) |  | (50 | ) |  | (1,811 | ) |  | — |  |  | (3,091 | )
Funding from affiliates | 55 |  |  | 166 |  |  | 192 |  |  | (413 | ) |  | — |
Debt issuance costs | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Cash dividends | (384 | ) |  | — |  |  | — |  |  | — |  |  | (384 | )
Repurchases of warrants | (80 | ) |  | — |  |  | — |  |  | — |  |  | (80 | )
Distributions to parent | — |  |  | — |  |  | (530 | ) |  | 530 |  |  | — |
Contributions from noncontrolling interests | — |  |  | — |  |  | 471 |  |  | (6 | ) |  | 465 |
Distributions to noncontrolling interests | — |  |  | — |  |  | (375 | ) |  | — |  |  | (375 | )
Other, net | — |  |  | — |  |  | 6 |  |  | (6 | ) |  | — |
Net cash (used in) provided by financing activities | (1,119 | ) |  | 116 |  |  | 645 |  |  | 105 |  |  | (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 |

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