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UNCONSOLIDATED AFFILIATES (Notes)
6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
 
(Thousands of dollars)
Northern Border Pipeline
$
12,871

 
$
13,689

 
$
34,991

 
$
34,491

Overland Pass Pipeline
7,972

 
15,465

 
22,083

 
32,859

Roadrunner
6,809

 
6,077

 
13,242

 
12,415

Other
(2,324
)
 
(1,113
)
 
(361
)
 
(2,166
)
Equity in net earnings from investments
$
25,328

 
$
34,118

 
$
69,955

 
$
77,599

Impairment of equity investments
$

 
$

 
$
(37,730
)
 
$



In the first quarter 2020, we incurred 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 June 30, 2020. For additional information on our impairment charges, see Note A.

We incurred expenses in transactions with unconsolidated affiliates of $41.8 million and $40.5 million for the three months ended June 30, 2020 and 2019, respectively, and $87.1 million and $82.3 million for the six months ended June 30, 2020 and 2019, respectively, primarily related to Overland Pass Pipeline and Northern Border Pipeline. Accounts payable to our equity-method investees at June 30, 2020, and December 31, 2019, were $9.7 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 in our Consolidated Statements of Income for the three and six months ended June 30, 2020 and 2019, were not material.