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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Schedule of Impact to Consolidated Financial Statement Line Items | The impact to our consolidated financial statement line items from the adoption of Topic 606 for these changes was as follows (in millions):
|  | Year ended December 31, 2018
Line Item |  | As Reported |  | Amounts Without Adoption of Topic 606 |  | Effect of Change Increase/(Decrease)
Consolidated Statement of Income |  |  |  |  |  |
Natural gas sales |  | $ | 3,281 |  |  | $ | 3,339 |  |  | $ | (58 | )
Services |  | 7,931 |  |  | 8,134 |  |  | (203 | )
Product sales and other |  | 2,932 |  |  | 3,270 |  |  | (338 | )
Total Revenues |  | 14,144 |  |  | 14,743 |  |  | (599 | )
Cost of sales |  | 4,421 |  |  | 5,020 |  |  | (599 | )
Operating Income |  | 3,794 |  |  | 3,794 |  |  | — |
Schedule of Disaggregation of Revenue | The following tables present our revenues disaggregated by revenue source and type of revenue for each revenue source (in millions):
|  | Year ended December 31, 2018
|  | Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO 2 |  | Kinder Morgan Canada |  | Corporate and Eliminations |  | Total
Revenues from contracts with customers(a) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  |  |  |  |  |  |  |  |  |
Firm services(b) |  | $ | 3,215 |  |  | $ | 566 |  |  | $ | 976 |  |  | $ | 2 |  |  | $ | — |  |  | $ | (13 | ) |  | $ | 4,746 |
Fee-based services |  | 860 |  |  | 791 |  |  | 581 |  |  | 67 |  |  | 167 |  |  | — |  |  | 2,466 |
Total services revenues |  | 4,075 |  |  | 1,357 |  |  | 1,557 |  |  | 69 |  |  | 167 |  |  | (13 | ) |  | 7,212 |
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |
Natural gas sales |  | 3,319 |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | (11 | ) |  | 3,310 |
Product sales |  | 1,333 |  |  | 216 |  |  | 18 |  |  | 1,222 |  |  | — |  |  | (1 | ) |  | 2,788 |
Other sales |  | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |
Total sales revenues |  | 4,660 |  |  | 216 |  |  | 18 |  |  | 1,224 |  |  | — |  |  | (12 | ) |  | 6,106 |
Total revenues from contracts with customers |  | 8,735 |  |  | 1,573 |  |  | 1,575 |  |  | 1,293 |  |  | 167 |  |  | (25 | ) |  | 13,318 |
Other revenues(c) |  | 280 |  |  | 140 |  |  | 444 |  |  | (38 | ) |  | 3 |  |  | (3 | ) |  | 826 |
Total revenues |  | $ | 9,015 |  |  | $ | 1,713 |  |  | $ | 2,019 |  |  | $ | 1,255 |  |  | $ | 170 |  |  | $ | (28 | ) |  | $ | 14,144 |
_______
(a) | Differences between the revenue classifications presented on the consolidated statements of income and the categories for the disaggregated revenues by type of revenue above are primarily attributable to revenues reflected in the “Other revenues” category above (see note (c) below).
(b) | Includes non-cancellable firm service customer contracts with take-or-pay or minimum volume commitment elements, including those contracts where both the price and quantity amount are fixed. Excludes service contracts with indexed-based pricing, which along with revenues from other customer service contracts are reported as Fee-based services.
(c) | Amounts recognized as revenue under guidance prescribed in Topics of the Accounting Standards Codification other than in Topic 606 and primarily include leases and derivatives. The majority of our lease revenues are from certain firm service contracts that are accounted for as operating leases. See Note 14 for additional information related to our derivative contracts.
Activity in Contract Assets and Liabilities | The following table presents the activity in our contract assets and liabilities (in millions):
| Year ended December 31, 2018
Contract Assets |
Balance at January 1, 2018 | $ | 32 |
Additions | 59 |
Transfer to Accounts receivable | (67 | )
Balance at December 31, 2018(a) | $ | 24 |
Contract Liabilities |
Balance at January 1, 2018 | $ | 206 |
Additions | 453 |
Transfer to Revenues | (360 | )
Other(b) | (7 | )
Balance at December 31, 2018(c) | $ | 292 |
_______
(a) | Includes current and non-current balances of $14 million and $10 million reported within “Other current assets” and “Deferred charges and other assets,” respectively, in our accompanying consolidated balance sheet at December 31, 2018.
(b) | Includes 2018 foreign currency translation adjustments associated with the balances at December 31, 2017.
(c) | Includes current and non-current balances of $80 million and $212 million reported within “Other current liabilities” and “Other long-term liabilities and deferred credits,” respectively, in our accompanying consolidated balance sheet at December 31, 2018.
Revenue Allocated to Remaining Performance Obligations | The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of December 31, 2018 that we will invoice or transfer from contract liabilities and recognize in future periods (in millions):
Year |  | Estimated Revenue
2019 |  | $ | 4,881 |
2020 |  | 4,182 |
2021 |  | 3,528 |
2022 |  | 3,011 |
2023 |  | 2,497 |
Thereafter |  | 14,138 |
Total |  | $ | 32,237 |

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
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