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Guarantee of Securities of Subsidiaries (Tables) | 12 Months Ended
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Dec. 31, 2019
Guarantee of Securities of Subsidiaries [Abstract] |
Condensed Consolidating Statements of Income and Comprehensive Income |
Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2019 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Total Revenues |  | $ | — |  |  | $ | — |  |  | $ | 12,016 |  |  | $ | 1,290 |  |  | $ | (97 | ) |  | $ | 13,209 |
Operating Costs, Expenses and Other |  |  |  |  |  |  |  |  |  |  |  |
Costs of sales |  | — |  |  | — |  |  | 3,160 |  |  | 154 |  |  | (51 | ) |  | 3,263 |
Depreciation, depletion and amortization |  | 20 |  |  | — |  |  | 2,114 |  |  | 277 |  |  | — |  |  | 2,411 |
Other operating expense |  | — |  |  | 1 |  |  | 2,248 |  |  | 459 |  |  | (46 | ) |  | 2,662 |
Total Operating Costs, Expenses and Other |  | 20 |  |  | 1 |  |  | 7,522 |  |  | 890 |  |  | (97 | ) |  | 8,336 |
Operating (Loss) Income |  | (20 | ) |  | (1 | ) |  | 4,494 |  |  | 400 |  |  | — |  |  | 4,873 |
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Earnings from consolidated subsidiaries |  | 3,690 |  |  | 3,948 |  |  | 857 |  |  | 98 |  |  | (8,593 | ) |  | — |
Earnings from equity investments |  | — |  |  | — |  |  | 101 |  |  | — |  |  | — |  |  | 101 |
Interest, net |  | (757 | ) |  | (2 | ) |  | (1,019 | ) |  | (23 | ) |  | — |  |  | (1,801 | )
Amortization of excess cost of equity investments and other, net |  | (15 | ) |  | (2 | ) |  | (10 | ) |  | 19 |  |  | — |  |  | (8 | )
Income Before Income Tax |  | 2,898 |  |  | 3,943 |  |  | 4,423 |  |  | 494 |  |  | (8,593 | ) |  | 3,165 |
Income Tax Expense |  | (708 | ) |  | (3 | ) |  | (56 | ) |  | (159 | ) |  | — |  |  | (926 | )
Net Income |  | 2,190 |  |  | 3,940 |  |  | 4,367 |  |  | 335 |  |  | (8,593 | ) |  | 2,239 |
Net Income Attributable to Noncontrolling Interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (49 | ) |  | (49 | )
Net Income Attributable to Controlling Interests |  | $ | 2,190 |  |  | $ | 3,940 |  |  | $ | 4,367 |  |  | $ | 335 |  |  | $ | (8,642 | ) |  | $ | 2,190 |
Net Income |  | $ | 2,190 |  |  | $ | 3,940 |  |  | $ | 4,367 |  |  | $ | 335 |  |  | $ | (8,593 | ) |  | $ | 2,239 |
Total other comprehensive (loss) income |  | (3 | ) |  | 28 |  |  | (51 | ) |  | 224 |  |  | (184 | ) |  | 14 |
Comprehensive income |  | 2,187 |  |  | 3,968 |  |  | 4,316 |  |  | 559 |  |  | (8,777 | ) |  | 2,253 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (66 | ) |  | (66 | )
Comprehensive income attributable to controlling interests |  | $ | 2,187 |  |  | $ | 3,968 |  |  | $ | 4,316 |  |  | $ | 559 |  |  | $ | (8,843 | ) |  | $ | 2,187 |
Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2018 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Total Revenues |  | $ | — |  |  | $ | — |  |  | $ | 12,767 |  |  | $ | 1,526 |  |  | $ | (149 | ) |  | $ | 14,144 |
Operating Costs, Expenses and Other |  |  |  |  |  |  |  |  |  |  |  |
Costs of sales |  | — |  |  | — |  |  | 4,247 |  |  | 277 |  |  | (103 | ) |  | 4,421 |
Depreciation, depletion and amortization |  | 19 |  |  | — |  |  | 1,971 |  |  | 307 |  |  | — |  |  | 2,297 |
Other operating (income) expense |  | (39 | ) |  | 1 |  |  | 3,693 |  |  | 23 |  |  | (46 | ) |  | 3,632 |
Total Operating Costs, Expenses and Other |  | (20 | ) |  | 1 |  |  | 9,911 |  |  | 607 |  |  | (149 | ) |  | 10,350 |
Operating Income (Loss) |  | 20 |  |  | (1 | ) |  | 2,856 |  |  | 919 |  |  | — |  |  | 3,794 |
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Earnings from consolidated subsidiaries |  | 2,760 |  |  | 2,533 |  |  | 599 |  |  | 62 |  |  | (5,954 | ) |  | — |
Earnings from equity investments |  | — |  |  | — |  |  | 617 |  |  | — |  |  | — |  |  | 617 |
Interest, net |  | (780 | ) |  | (8 | ) |  | (1,090 | ) |  | (39 | ) |  | — |  |  | (1,917 | )
Amortization of excess cost of equity investments and other, net |  | 27 |  |  | — |  |  | (18 | ) |  | 3 |  |  | — |  |  | 12 |
Income Before Income Tax |  | 2,027 |  |  | 2,524 |  |  | 2,964 |  |  | 945 |  |  | (5,954 | ) |  | 2,506 |
Income Tax (Expense) Benefit |  | (418 | ) |  | 68 |  |  | (61 | ) |  | (176 | ) |  | — |  |  | (587 | )
Net Income |  | 1,609 |  |  | 2,592 |  |  | 2,903 |  |  | 769 |  |  | (5,954 | ) |  | 1,919 |
Net Income Attributable to Noncontrolling Interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (310 | ) |  | (310 | )
Net Income Attributable to Controlling Interests |  | 1,609 |  |  | 2,592 |  |  | 2,903 |  |  | 769 |  |  | (6,264 | ) |  | 1,609 |
Preferred Stock Dividends |  | (128 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (128 | )
Net Income Available to Common Shareholders |  | $ | 1,481 |  |  | $ | 2,592 |  |  | $ | 2,903 |  |  | $ | 769 |  |  | $ | (6,264 | ) |  | $ | 1,481 |
Net Income |  | $ | 1,609 |  |  | $ | 2,592 |  |  | $ | 2,903 |  |  | $ | 769 |  |  | $ | (5,954 | ) |  | $ | 1,919 |
Total other comprehensive income |  | 320 |  |  | 290 |  |  | 280 |  |  | 136 |  |  | (688 | ) |  | 338 |
Comprehensive income |  | 1,929 |  |  | 2,882 |  |  | 3,183 |  |  | 905 |  |  | (6,642 | ) |  | 2,257 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (328 | ) |  | (328 | )
Comprehensive income attributable to controlling interests |  | $ | 1,929 |  |  | $ | 2,882 |  |  | $ | 3,183 |  |  | $ | 905 |  |  | $ | (6,970 | ) |  | $ | 1,929 |
Condensed Consolidating Statements of Income and Comprehensive Income for the Year Ended December 31, 2017 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Total Revenues |  | $ | 35 |  |  | $ | — |  |  | $ | 12,202 |  |  | $ | 1,614 |  |  | $ | (146 | ) |  | $ | 13,705 |
Operating Costs, Expenses and Other |  |  |  |  |  |  |  |  |  |  |  |
Costs of sales |  | — |  |  | — |  |  | 4,124 |  |  | 322 |  |  | (101 | ) |  | 4,345 |
Depreciation, depletion and amortization |  | 16 |  |  | — |  |  | 1,933 |  |  | 312 |  |  | — |  |  | 2,261 |
Other operating expense |  | 78 |  |  | 1 |  |  | 3,014 |  |  | 522 |  |  | (45 | ) |  | 3,570 |
Total Operating Costs, Expenses and Other |  | 94 |  |  | 1 |  |  | 9,071 |  |  | 1,156 |  |  | (146 | ) |  | 10,176 |
Operating (Loss) Income |  | (59 | ) |  | (1 | ) |  | 3,131 |  |  | 458 |  |  | — |  |  | 3,529 |
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Earnings from consolidated subsidiaries |  | 3,575 |  |  | 2,681 |  |  | 419 |  |  | 59 |  |  | (6,734 | ) |  | — |
Earnings from equity investments |  | — |  |  | — |  |  | 428 |  |  | — |  |  | — |  |  | 428 |
Interest, net |  | (701 | ) |  | 7 |  |  | (1,104 | ) |  | (34 | ) |  | — |  |  | (1,832 | )
Amortization of excess cost of equity investments and other, net |  | 2 |  |  | — |  |  | 13 |  |  | 21 |  |  | — |  |  | 36 |
Income Before Income Tax |  | 2,817 |  |  | 2,687 |  |  | 2,887 |  |  | 504 |  |  | (6,734 | ) |  | 2,161 |
Income Tax (Expense) Benefit |  | (2,634 | ) |  | (5 | ) |  | 237 |  |  | 464 |  |  | — |  |  | (1,938 | )
Net Income |  | 183 |  |  | 2,682 |  |  | 3,124 |  |  | 968 |  |  | (6,734 | ) |  | 223 |
Net Income Attributable to Noncontrolling Interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (40 | ) |  | (40 | )
Net Income Attributable to Controlling Interests |  | 183 |  |  | 2,682 |  |  | 3,124 |  |  | 968 |  |  | (6,774 | ) |  | 183 |
Preferred Stock Dividends |  | (156 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (156 | )
Net Income Available to Common Shareholders |  | $ | 27 |  |  | $ | 2,682 |  |  | $ | 3,124 |  |  | $ | 968 |  |  | $ | (6,774 | ) |  | $ | 27 |
Net Income |  | $ | 183 |  |  | $ | 2,682 |  |  | $ | 3,124 |  |  | $ | 968 |  |  | $ | (6,734 | ) |  | $ | 223 |
Total other comprehensive income |  | 69 |  |  | 194 |  |  | 217 |  |  | 160 |  |  | (525 | ) |  | 115 |
Comprehensive income |  | 252 |  |  | 2,876 |  |  | 3,341 |  |  | 1,128 |  |  | (7,259 | ) |  | 338 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (86 | ) |  | (86 | )
Comprehensive income attributable to controlling interests |  | $ | 252 |  |  | $ | 2,876 |  |  | $ | 3,341 |  |  | $ | 1,128 |  |  | $ | (7,345 | ) |  | $ | 252 |
Condensed Consolidating Balance Sheets |
Condensed Consolidating Balance Sheet as of December 31, 2019 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 183 |  |  | $ | — |  |  | $ | 185 |
Other current assets - affiliates |  | 5,249 |  |  | 4,497 |  |  | 30,565 |  |  | 1,105 |  |  | (41,416 | ) |  | — |
All other current assets |  | 105 |  |  | 39 |  |  | 1,820 |  |  | 1,106 |  |  | (17 | ) |  | 3,053 |
Property, plant and equipment, net |  | 218 |  |  | — |  |  | 29,997 |  |  | 6,204 |  |  | — |  |  | 36,419 |
Investments |  | 664 |  |  | — |  |  | 7,004 |  |  | 91 |  |  | — |  |  | 7,759 |
Investments in subsidiaries |  | 46,873 |  |  | 44,485 |  |  | 5,221 |  |  | 4,449 |  |  | (101,028 | ) |  | — |
Goodwill |  | 13,721 |  |  | 22 |  |  | 5,167 |  |  | 2,541 |  |  | — |  |  | 21,451 |
Notes receivable from affiliates |  | 912 |  |  | 20,323 |  |  | 453 |  |  | 1,325 |  |  | (23,013 | ) |  | — |
Deferred income taxes |  | 2,495 |  |  | — |  |  | — |  |  | — |  |  | (1,638 | ) |  | 857 |
Other non-current assets |  | 677 |  |  | 223 |  |  | 3,820 |  |  | 96 |  |  | (383 | ) |  | 4,433 |
Total assets |  | $ | 70,916 |  |  | $ | 69,589 |  |  | $ | 84,047 |  |  | $ | 17,100 |  |  | $ | (167,495 | ) |  | $ | 74,157 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current portion of debt |  | $ | 386 |  |  | $ | 1,835 |  |  | $ | 30 |  |  | $ | 226 |  |  | $ | — |  |  | $ | 2,477 |
Other current liabilities - affiliates |  | 20,329 |  |  | 14,247 |  |  | 5,744 |  |  | 1,096 |  |  | (41,416 | ) |  | — |
All other current liabilities |  | 520 |  |  | 323 |  |  | 1,507 |  |  | 300 |  |  | (27 | ) |  | 2,623 |
Long-term debt |  | 13,239 |  |  | 15,134 |  |  | 3,000 |  |  | 542 |  |  | — |  |  | 31,915 |
Notes payable to affiliates |  | 1,693 |  |  | 448 |  |  | 20,517 |  |  | 355 |  |  | (23,013 | ) |  | — |
Deferred income taxes |  | — |  |  | — |  |  | 625 |  |  | 1,013 |  |  | (1,638 | ) |  | — |
Other long-term liabilities and deferred credits |  | 1,007 |  |  | 28 |  |  | 1,203 |  |  | 388 |  |  | (373 | ) |  | 2,253 |
Total liabilities |  | 37,174 |  |  | 32,015 |  |  | 32,626 |  |  | 3,920 |  |  | (66,467 | ) |  | 39,268 |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 803 |  |  | — |  |  | — |  |  | 803 |
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Total KMI equity |  | 33,742 |  |  | 37,574 |  |  | 50,618 |  |  | 13,180 |  |  | (101,372 | ) |  | 33,742 |
Noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 344 |  |  | 344 |
Total stockholders’ equity |  | 33,742 |  |  | 37,574 |  |  | 50,618 |  |  | 13,180 |  |  | (101,028 | ) |  | 34,086 |
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders’ Equity |  | $ | 70,916 |  |  | $ | 69,589 |  |  | $ | 84,047 |  |  | $ | 17,100 |  |  | $ | (167,495 | ) |  | $ | 74,157 |
Condensed Consolidating Balance Sheet as of December 31, 2018 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,277 |  |  | $ | (5 | ) |  | $ | 3,280 |
Other current assets - affiliates |  | 4,465 |  |  | 4,788 |  |  | 23,851 |  |  | 1,031 |  |  | (34,135 | ) |  | — |
All other current assets |  | 171 |  |  | 17 |  |  | 2,056 |  |  | 212 |  |  | (14 | ) |  | 2,442 |
Property, plant and equipment, net |  | 231 |  |  | — |  |  | 30,750 |  |  | 6,916 |  |  | — |  |  | 37,897 |
Investments |  | 664 |  |  | — |  |  | 6,718 |  |  | 99 |  |  | — |  |  | 7,481 |
Investments in subsidiaries |  | 42,096 |  |  | 40,049 |  |  | 6,077 |  |  | 4,324 |  |  | (92,546 | ) |  | — |
Goodwill |  | 13,789 |  |  | 22 |  |  | 5,166 |  |  | 2,988 |  |  | — |  |  | 21,965 |
Notes receivable from affiliates |  | 945 |  |  | 20,345 |  |  | 247 |  |  | 1,043 |  |  | (22,580 | ) |  | — |
Deferred income taxes |  | 3,137 |  |  | — |  |  | — |  |  | — |  |  | (1,571 | ) |  | 1,566 |
Other non-current assets |  | 233 |  |  | 105 |  |  | 3,823 |  |  | 74 |  |  | — |  |  | 4,235 |
Total assets |  | $ | 65,739 |  |  | $ | 65,326 |  |  | $ | 78,688 |  |  | $ | 19,964 |  |  | $ | (150,851 | ) |  | $ | 78,866 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current portion of debt |  | $ | 1,933 |  |  | $ | 1,300 |  |  | $ | 30 |  |  | $ | 125 |  |  | $ | — |  |  | $ | 3,388 |
Other current liabilities - affiliates |  | 14,189 |  |  | 14,087 |  |  | 4,898 |  |  | 961 |  |  | (34,135 | ) |  | — |
All other current liabilities |  | 486 |  |  | 354 |  |  | 1,838 |  |  | 1,510 |  |  | (19 | ) |  | 4,169 |
Long-term debt |  | 13,474 |  |  | 16,799 |  |  | 3,020 |  |  | 643 |  |  | — |  |  | 33,936 |
Notes payable to affiliates |  | 1,234 |  |  | 448 |  |  | 20,543 |  |  | 355 |  |  | (22,580 | ) |  | — |
Deferred income taxes |  | — |  |  | — |  |  | 503 |  |  | 1,068 |  |  | (1,571 | ) |  | — |
Other long-term liabilities and deferred credits |  | 745 |  |  | 59 |  |  | 944 |  |  | 428 |  |  | — |  |  | 2,176 |
Total liabilities |  | 32,061 |  |  | 33,047 |  |  | 31,776 |  |  | 5,090 |  |  | (58,305 | ) |  | 43,669 |
Redeemable noncontrolling interest |  | — |  |  | — |  |  | 666 |  |  | — |  |  | — |  |  | 666 |
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Total KMI equity |  | 33,678 |  |  | 32,279 |  |  | 46,246 |  |  | 14,874 |  |  | (93,399 | ) |  | 33,678 |
Noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 853 |  |  | 853 |
Total stockholders’ equity |  | 33,678 |  |  | 32,279 |  |  | 46,246 |  |  | 14,874 |  |  | (92,546 | ) |  | 34,531 |
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders’ Equity |  | $ | 65,739 |  |  | $ | 65,326 |  |  | $ | 78,688 |  |  | $ | 19,964 |  |  | $ | (150,851 | ) |  | $ | 78,866 |
Condensed Consolidating Statements of Cash Flows |
Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2019 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Net cash (used in) provided by operating activities |  | $ | (2,894 | ) |  | $ | 4,305 |  |  | $ | 14,102 |  |  | $ | 575 |  |  | $ | (11,340 | ) |  | $ | 4,748 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the KML and U.S. Cochin Sale, net of cash disposed |  | — |  |  | — |  |  | 1,527 |  |  | — |  |  | — |  |  | 1,527 |
Proceeds from the TMPL Sale, net of cash disposed and working capital adjustments |  | — |  |  | — |  |  | — |  |  | (28 | ) |  | — |  |  | (28 | )
Acquisitions of assets and investments |  | — |  |  | — |  |  | (79 | ) |  | — |  |  | — |  |  | (79 | )
Capital expenditures |  | (22 | ) |  | — |  |  | (1,816 | ) |  | (432 | ) |  | — |  |  | (2,270 | )
Sales of property, plant and equipment, investments and other net assets, net of removal costs |  | 9 |  |  | — |  |  | 142 |  |  | (41 | ) |  | — |  |  | 110 |
Contributions to investments |  | (151 | ) |  | — |  |  | (1,145 | ) |  | (3 | ) |  | — |  |  | (1,299 | )
Distributions from equity investments in excess of cumulative earnings |  | 1,315 |  |  | — |  |  | 323 |  |  | — |  |  | (1,305 | ) |  | 333 |
Funding to affiliates |  | (5,337 | ) |  | (250 | ) |  | (11,116 | ) |  | (895 | ) |  | 17,598 |  |  | — |
Loans to related parties |  | — |  |  | — |  |  | (31 | ) |  | — |  |  | — |  |  | (31 | )
Other, net |  | — |  |  | — |  |  | 23 |  |  | — |  |  | — |  |  | 23 |
Net cash used in investing activities |  | (4,186 | ) |  | (250 | ) |  | (12,172 | ) |  | (1,399 | ) |  | 16,293 |  |  | (1,714 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Issuances of debt |  | 7,927 |  |  | — |  |  | — |  |  | 109 |  |  | — |  |  | 8,036 |
Payments of debt |  | (9,823 | ) |  | (1,300 | ) |  | (10 | ) |  | (91 | ) |  | — |  |  | (11,224 | )
Debt issue costs |  | (9 | ) |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (10 | )
Cash dividends - common shares |  | (2,163 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,163 | )
Repurchases of common shares |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2 | )
Funding from affiliates |  | 11,172 |  |  | 2,190 |  |  | 3,567 |  |  | 669 |  |  | (17,598 | ) |  | — |
Contributions from investment partner |  | — |  |  | — |  |  | 148 |  |  | — |  |  | — |  |  | 148 |
Contributions from parents |  | — |  |  | — |  |  | 3 |  |  | — |  |  | (3 | ) |  | — |
Contributions from noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 3 |
Distributions to investment partner |  | — |  |  | — |  |  | (11 | ) |  | — |  |  | — |  |  | (11 | )
Distributions to parents |  | — |  |  | (4,945 | ) |  | (5,627 | ) |  | (3,012 | ) |  | 13,584 |  |  | — |
Distribution to noncontrolling interests - KML distribution of the TMPL Sale proceeds |  | — |  |  | — |  |  | — |  |  | — |  |  | (879 | ) |  | (879 | )
Distributions to noncontrolling interests - other |  | — |  |  | — |  |  | — |  |  | — |  |  | (55 | ) |  | (55 | )
Other, net |  | (28 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (28 | )
Net cash provided by (used in) financing activities |  | 7,074 |  |  | (4,055 | ) |  | (1,930 | ) |  | (2,326 | ) |  | (4,948 | ) |  | (6,185 | )
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 29 |
Net decrease in Cash, Cash Equivalents and Restricted Deposits |  | (6 | ) |  | — |  |  | — |  |  | (3,121 | ) |  | 5 |  |  | (3,122 | )
Cash, Cash Equivalents, and Restricted Deposits, beginning of period |  | 8 |  |  | — |  |  | — |  |  | 3,328 |  |  | (5 | ) |  | 3,331 |
Cash, Cash Equivalents, and Restricted Deposits, end of period |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 207 |  |  | $ | — |  |  | $ | 209 |
Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2018 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Net cash (used in) provided by operating activities |  | $ | (2,758 | ) |  | $ | 3,879 |  |  | $ | 11,129 |  |  | $ | 1,117 |  |  | $ | (8,324 | ) |  | $ | 5,043 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the TMPL Sale, net of cash disposed and working capital adjustments |  | — |  |  | — |  |  | — |  |  | 2,998 |  |  | — |  |  | 2,998 |
Acquisitions of investments |  | — |  |  | — |  |  | (39 | ) |  | — |  |  | — |  |  | (39 | )
Capital expenditures |  | (24 | ) |  | — |  |  | (1,995 | ) |  | (885 | ) |  | — |  |  | (2,904 | )
Sales of property, plant and equipment, investments and other net assets, net of removal costs |  | 9 |  |  | — |  |  | 90 |  |  | 5 |  |  | — |  |  | 104 |
Contributions to investments |  | (12 | ) |  | — |  |  | (413 | ) |  | (8 | ) |  | — |  |  | (433 | )
Distributions from equity investments in excess of cumulative earnings |  | 2,342 |  |  | — |  |  | 234 |  |  | 1 |  |  | (2,340 | ) |  | 237 |
Funding to affiliates |  | (6,521 | ) |  | (26 | ) |  | (7,419 | ) |  | (1,003 | ) |  | 14,969 |  |  | — |
Loans to related party |  | — |  |  | — |  |  | (31 | ) |  | — |  |  | — |  |  | (31 | )
Net cash (used in) provided by investing activities |  | (4,206 | ) |  | (26 | ) |  | (9,573 | ) |  | 1,108 |  |  | 12,629 |  |  | (68 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Issuances of debt |  | 14,143 |  |  | — |  |  | — |  |  | 608 |  |  | — |  |  | 14,751 |
Payments of debt |  | (12,640 | ) |  | (975 | ) |  | (784 | ) |  | (192 | ) |  | — |  |  | (14,591 | )
Debt issue costs |  | (35 | ) |  | — |  |  | — |  |  | (7 | ) |  | — |  |  | (42 | )
Cash dividends - common shares |  | (1,618 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,618 | )
Cash dividends - preferred shares |  | (156 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (156 | )
Repurchases of common shares |  | (273 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (273 | )
Funding from affiliates |  | 7,560 |  |  | 2,028 |  |  | 4,542 |  |  | 839 |  |  | (14,969 | ) |  | — |
Contributions from investment partner |  | — |  |  | — |  |  | 181 |  |  | — |  |  | — |  |  | 181 |
Contributions from parents |  | — |  |  | — |  |  | 19 |  |  | — |  |  | (19 | ) |  | — |
Contributions from noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | 19 |
Distributions to parents |  | — |  |  | (4,907 | ) |  | (5,514 | ) |  | (317 | ) |  | 10,738 |  |  | — |
Distributions to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (78 | ) |  | (78 | )
Other, net |  | (12 | ) |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | (17 | )
Net cash provided by (used in) financing activities |  | 6,969 |  |  | (3,854 | ) |  | (1,556 | ) |  | 926 |  |  | (4,309 | ) |  | (1,824 | )
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits |  | — |  |  | — |  |  | — |  |  | (146 | ) |  | — |  |  | (146 | )
Net increase (decrease) in Cash, Cash Equivalents and Restricted Deposits |  | 5 |  |  | (1 | ) |  | — |  |  | 3,005 |  |  | (4 | ) |  | 3,005 |
Cash, Cash Equivalents, and Restricted Deposits, beginning of period |  | 3 |  |  | 1 |  |  | — |  |  | 323 |  |  | (1 | ) |  | 326 |
Cash, Cash Equivalents, and Restricted Deposits, end of period |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,328 |  |  | $ | (5 | ) |  | $ | 3,331 |
Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2017 (In Millions)
|  | Parent Issuer and Guarantor |  | Subsidiary Issuer and Guarantor - KMP |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated KMI
Net cash (used in) provided by operating activities |  | $ | (3,184 | ) |  | $ | 3,911 |  |  | $ | 11,523 |  |  | $ | 1,121 |  |  | $ | (8,770 | ) |  | $ | 4,601 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions of investments |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | — |  |  | (4 | )
Capital expenditures |  | (23 | ) |  | — |  |  | (2,390 | ) |  | (775 | ) |  | — |  |  | (3,188 | )
Sales of property, plant and equipment, investments, and other net assets, net of removal costs |  | 16 |  |  | — |  |  | 94 |  |  | 8 |  |  | — |  |  | 118 |
Contributions to investments |  | (237 | ) |  | — |  |  | (435 | ) |  | (12 | ) |  | — |  |  | (684 | )
Distributions from equity investments in excess of cumulative earnings |  | 2,297 |  |  | — |  |  | 326 |  |  | — |  |  | (2,249 | ) |  | 374 |
Funding (to) from affiliates |  | (4,419 | ) |  | 779 |  |  | (7,040 | ) |  | (1,028 | ) |  | 11,708 |  |  | — |
Loans to related party |  | (23 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (23 | )
Other, net |  | — |  |  | 1 |  |  | 4 |  |  | (1 | ) |  | — |  |  | 4 |
Net cash (used in) provided by investing activities |  | (2,389 | ) |  | 780 |  |  | (9,445 | ) |  | (1,808 | ) |  | 9,459 |  |  | (3,403 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Issuances of debt |  | 8,609 |  |  | — |  |  | — |  |  | 259 |  |  | — |  |  | 8,868 |
Payments of debt |  | (9,288 | ) |  | (600 | ) |  | (897 | ) |  | (279 | ) |  | — |  |  | (11,064 | )
Debt issue costs |  | (12 | ) |  | — |  |  | — |  |  | (58 | ) |  | — |  |  | (70 | )
Cash dividends - common shares |  | (1,120 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,120 | )
Cash dividends - preferred shares |  | (156 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (156 | )
Repurchases of common shares |  | (250 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (250 | )
Funding from (to) affiliates |  | 7,327 |  |  | 776 |  |  | 3,797 |  |  | (192 | ) |  | (11,708 | ) |  | — |
Contributions from investment partner |  | — |  |  | — |  |  | 485 |  |  | — |  |  | — |  |  | 485 |
Contributions from parents, including net proceeds from KML IPO and preferred share issuance |  | — |  |  | — |  |  | — |  |  | 1,673 |  |  | (1,673 | ) |  | — |
Contributions from noncontrolling interests - net proceeds from KML IPO |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 1,241 |  |  | 1,245 |
Contributions from noncontrolling interests - net proceeds from KML preferred share issuances |  | — |  |  | — |  |  | — |  |  | — |  |  | 420 |  |  | 420 |
Contributions from noncontrolling interests - other |  | — |  |  | — |  |  | — |  |  | — |  |  | 12 |  |  | 12 |
Distributions to parents |  | — |  |  | (4,902 | ) |  | (5,472 | ) |  | (687 | ) |  | 11,061 |  |  | — |
Distributions to noncontrolling interests |  | — |  |  | — |  |  | — |  |  | — |  |  | (42 | ) |  | (42 | )
Other, net |  | (9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (9 | )
Net cash provided by (used in) financing activities |  | 5,105 |  |  | (4,726 | ) |  | (2,087 | ) |  | 716 |  |  | (689 | ) |  | (1,681 | )
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits |  | — |  |  | — |  |  | — |  |  | 22 |  |  | — |  |  | 22 |
Net (decrease) increase in Cash, Cash Equivalents and Restricted Deposits |  | (468 | ) |  | (35 | ) |  | (9 | ) |  | 51 |  |  | — |  |  | (461 | )
Cash, Cash Equivalents, and Restricted Deposits, beginning of period |  | 471 |  |  | 36 |  |  | 9 |  |  | 272 |  |  | (1 | ) |  | 787 |
Cash, Cash Equivalents, and Restricted Deposits, end of period |  | $ | 3 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 323 |  |  | $ | (1 | ) |  | $ | 326 |

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