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UNCONSOLIDATED AFFILIATES (Notes)
3 Months Ended
Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
UNCONSOLIDATED AFFILIATES
UNCONSOLIDATED AFFILIATES

Equity in Net Earnings from Investments and Impairments - The following table sets forth our equity in net earnings (loss) from investments for the periods indicated:
 
Three Months Ended
 
March 31,
 
2020
 
2019
 
(Thousands of dollars)
Northern Border Pipeline
$
22,120

 
$
20,802

Overland Pass Pipeline
14,111

 
17,394

Roadrunner
6,433

 
6,338

Other
1,963

 
(1,053
)
Equity in net earnings from investments
$
44,627

 
$
43,481

Impairment of equity investments
$
(37,730
)
 
$



For the three months ended March 31, 2020, we recorded a noncash impairment charge of $30.5 million related to our 10.2% investment in Venice Energy Services Company in our Natural Gas Gathering and Processing segment, which includes $22.3 million related to equity-method goodwill, and a $7.2 million noncash impairment charge related to our 50% investment in Chisholm Pipeline Company in our Natural Gas Liquids segment. Our remaining equity-method goodwill was $16.5 million at March 31, 2020. For additional information on our impairment charges, see Note A.

We incurred expenses in transactions with unconsolidated affiliates of $45.3 million and $41.8 million for the three months ended March 31, 2020 and 2019, respectively, primarily related to Overland Pass Pipeline and Northern Border Pipeline. Accounts payable to our equity-method investees at March 31, 2020, and December 31, 2019, were $14.7 million and $13.5 million, respectively.

We have an operating agreement with Roadrunner that provides for reimbursement or payment to us for management services and certain operating costs. Reimbursements and payments from Roadrunner included in operating income (loss) in our Consolidated Statements of Income for the three months ended March 31, 2020 and 2019, were not material.