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Revenue Recognition (Tables)

12 Months Ended

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				CO2				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

X

- 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

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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