Impairments and Losses and Gains on Divestitures (Tables)

12 Months Ended

Dec. 31, 2020

Impairment of Goodwill, Long-lived assets and equity investments [Table Text Block]

We recognized the following non-cash pre-tax losses (gains) on impairments and divestitures on assets and equity investments during the years ended December 31, 2020, 2019 and 2018:


	Year Ended December 31,
	2020		2019		2018
	(In millions)
Natural Gas Pipelines
Impairment of goodwill(a)	$	1,000	$	—	$	—
Impairments of long-lived assets(b)	—		290		636
Gains on divestitures of long-lived assets(c)	(1)		(967)		(6)
Impairments of equity investments(d)	—		650		270
Impairments of inventory	11		—		—
Products Pipelines
Impairments of long-lived and intangible assets	21		—		—


Terminals
Impairments of long-lived and intangible assets(e)	5		—		59
Gains on divestitures of long-lived assets(f)	(54)		(335)		(6)
Gain on sale of equity investment interests	(10)		—		—
CO2
Impairment of goodwill(a)	600		—		—
Impairments of long-lived assets(g)	350		74		79
Losses on divestitures of long-lived assets	—		2		—

Kinder Morgan Canada
Loss (gain) on divestiture of long-lived assets(h)	—		2		(595)

Other losses (gains) on divestitures of long-lived assets	—		(1)		—
Pre-tax losses (gains) on divestitures and impairments, net	$	1,922	$	(285)	$	437

(a)2020 amounts represent non-cash goodwill impairments associated with our Natural Gas Pipelines Non-Regulated and CO2 reporting units (see “—Goodwill Impairments” below).

(b)2019 amount represents non-cash impairments associated with certain gathering and processing assets in Oklahoma and northern Texas. 2018 amount represents non-cash impairment associated with certain gathering and processing assets in Oklahoma and a project write-off associated with the Utica Marcellus Texas pipeline.

(d)Non-cash impairments of equity investments are included in “Earnings from equity investments” on our accompanying consolidated statements of income for the years ended December 31, 2019 and 2018. 2019 amount represents the non-cash impairment of our investment in Ruby. 2018 amount represents the non-cash impairment of our investment in Gulf LNG Holdings Group, LLC (Gulf LNG) which was driven by a ruling by an arbitration panel affecting a customer contract. Our share of earnings recognized by Gulf LNG on the respective customer contract is included in “Earnings from equity investments” on our accompanying consolidated statement of income for the year ended December 31, 2018.

(e)2018 amount primarily relates to non-cash impairments of certain northeast terminal assets.

(f)2020 amount includes a $55 million gain related to the sale of our Staten Island terminal. 2019 amount includes a $339 million gain related to the sale of KML.

(g)2020, 2019 and 2018 amounts represent impairments of oil and gas properties.

(h)2019 and 2018 amounts represent a working capital adjustment and gain on sale, respectively, associated with the TMPL Sale.