v2.4.0.8

Reportable Segments (Notes) | 3 Months Ended
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Mar. 31, 2014
Segment Reporting [Abstract] |
Reportable Segments | Reportable Segments We operate the following reportable business segments. These segments and their principal sources of revenues are as follows:
• | Natural Gas Pipelines—the sale, transport, processing, treating, fractionation, storage and gathering of natural gas and NGL;
• | CO 2—KMP—the production, sale and transportation of crude oil from fields in the Permian Basin of West Texas and the production, transportation and marketing of CO 2 used as a flooding medium for recovering crude oil from mature oil fields;
• | Products Pipelines—KMP— the transportation and terminaling of refined petroleum products (including gasoline, diesel fuel and jet fuel), NGL, crude oil and condensate, and bio-fuels;
• | Terminals—KMP—the transportation, transloading and storing of refined petroleum products, crude oil and dry and liquid bulk products, including coal, petroleum coke, cement, alumina, salt and other bulk chemicals;
• | Kinder Morgan Canada—KMP—the transportation of crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, and the state of Washington. As further described in Note 2, Kinder Morgan Canada divested its interest in the Express pipeline system effective March 14, 2013; and
• | Other—primarily includes other miscellaneous assets and liabilities purchased in our 2012 EP acquisition including (i) our corporate headquarters in Houston, Texas; (ii) several physical natural gas contracts with power plants associated with EP’s legacy trading activities; and (iii) other miscellaneous EP assets and liabilities.
We evaluate performance principally based on each segment’s EBDA (including amortization of excess cost of equity investments), which excludes general and administrative expenses, third-party debt costs and interest expense, unallocable interest income, and unallocable income tax expense. Our reportable segments are strategic business units that offer different products and services, and they are structured based on how our chief operating decision makers organize their operations for optimal performance and resource allocation. Each segment is managed separately because each segment involves different products and marketing strategies. Financial information by segment follows (in millions):
| Three Months Ended March 31,
| 2014 |  | 2013
Revenues |  |  |
Natural Gas Pipelines |  |  |
Revenues from external customers | $ | 2,557 |  |  | $ | 1,755 |
Intersegment revenues | 4 |  |  | 1 |
CO 2–KMP | 483 |  |  | 429 |
Products Pipelines–KMP | 534 |  |  | 454 |
Terminals–KMP | 391 |  |  | 337 |
Kinder Morgan Canada–KMP | 69 |  |  | 72 |
Other | 4 |  |  | 4 |
Total segment revenues | 4,042 |  |  | 3,052 |
Other revenues | 9 |  |  | 9 |
Less: Total intersegment revenues | (4 | ) |  | (1 | )
Total consolidated revenues | $ | 4,047 |  |  | $ | 3,060 |
| Three Months Ended March 31,
| 2014 |  | 2013
Segment EBDA(a) |  |  |
Natural Gas Pipelines | $ | 1,071 |  |  | $ | 899 |
CO 2–KMP | 363 |  |  | 342 |
Products Pipelines–KMP | 208 |  |  | 185 |
Terminals–KMP | 214 |  |  | 186 |
Kinder Morgan Canada–KMP(b) | 48 |  |  | 193 |
Other | 7 |  |  | 4 |
Total segment EBDA | 1,911 |  |  | 1,809 |
Total segment DD&A expense | (496 | ) |  | (415 | )
Total segment amortization of excess cost of investments | (10 | ) |  | (9 | )
Other revenues | 9 |  |  | 9 |
General and administrative expense | (172 | ) |  | (140 | )
Interest expense, net of unallocable interest income | (450 | ) |  | (409 | )
Unallocable income tax expense | (191 | ) |  | (187 | )
Loss from discontinued operations, net of tax | — |  |  | (2 | )
Total consolidated net income | $ | 601 |  |  | $ | 656 |
| March 31, 2014 |  | December 31, 2013
Assets |  |  |
Natural Gas Pipelines | $ | 51,927 |  |  | $ | 52,357 |
CO 2–KMP | 4,734 |  |  | 4,708 |
Products Pipelines–KMP | 6,801 |  |  | 6,648 |
Terminals–KMP | 7,938 |  |  | 6,888 |
Kinder Morgan Canada–KMP | 1,621 |  |  | 1,677 |
Other | 559 |  |  | 568 |
Total segment assets | 73,580 |  |  | 72,846 |
Corporate assets(c) | 2,474 |  |  | 2,339 |
Total consolidated assets | $ | 76,054 |  |  | $ | 75,185 |
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(a) | Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other income, net. Operating expenses include natural gas purchases and other costs of sales, operations and maintenance expenses, and taxes, other than income taxes.
(b) | 2013 amount includes a $141 million increase in earnings from the after-tax gain on the sale of KMP’s investments in the Express pipeline system.
(c) | Includes cash and cash equivalents, margin and restricted deposits, unallocable interest receivable, prepaid assets and deferred charges, risk management assets related to debt fair value adjustments and miscellaneous corporate assets (such as information technology and telecommunications equipment) not allocated to individual segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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