XML 33 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Operating Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Operating Segments |
Segment financial data | The following table reflects certain financial data for each segment for the periods indicated (in millions):
|  | Transportation |  | Facilities |  | Supply and Logistics |  | Total |
Three Months Ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenues (1): |  |  |  |  |  |  |  |  |
External Customers |  | $ | 195 |  | $ | 144 |  | $ | 10,856 |  | $ | 11,195 |
Intersegment (2) |  | 217 |  | 133 |  | 4 |  | 354 |
Total revenues of reportable segments |  | $ | 412 |  | $ | 277 |  | $ | 10,860 |  | $ | 11,549 |
Equity earnings in unconsolidated entities |  | $ | 23 |  | $ | — |  | $ | — |  | $ | 23 |
Segment profit (3) (4) |  | $ | 221 |  | $ | 134 |  | $ | 133 |  | $ | 488 |
Maintenance capital |  | $ | 42 |  | $ | 5 |  | $ | 1 |  | $ | 48 |
Three Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
External Customers |  | $ | 165 |  | $ | 197 |  | $ | 9,933 |  | $ | 10,295 |
Intersegment (2) |  | 200 |  | 151 |  | 1 |  | 352 |
Total revenues of reportable segments |  | $ | 365 |  | $ | 348 |  | $ | 9,934 |  | $ | 10,647 |
Equity earnings in unconsolidated entities |  | $ | 11 |  | $ | — |  | $ | — |  | $ | 11 |
Segment profit (3) (4) |  | $ | 160 |  | $ | 149 |  | $ | 176 |  | $ | 485 |
Maintenance capital |  | $ | 23 |  | $ | 11 |  | $ | 5 |  | $ | 39 |
|  | Transportation |  | Facilities |  | Supply and Logistics |  | Total |
Six Months Ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenues (1): |  |  |  |  |  |  |  |  |
External Customers |  | $ | 376 |  | $ | 301 |  | $ | 22,201 |  | $ | 22,878 |
Intersegment (2) |  | 422 |  | 275 |  | 27 |  | 724 |
Total revenues of reportable segments |  | $ | 798 |  | $ | 576 |  | $ | 22,228 |  | $ | 23,602 |
Equity earnings in unconsolidated entities |  | $ | 44 |  | $ | — |  | $ | — |  | $ | 44 |
Segment profit (3) (4) |  | $ | 427 |  | $ | 288 |  | $ | 382 |  | $ | 1,097 |
Maintenance capital |  | $ | 76 |  | $ | 15 |  | $ | 4 |  | $ | 95 |
Six Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |
External Customers |  | $ | 338 |  | $ | 420 |  | $ | 20,157 |  | $ | 20,915 |
Intersegment (2) |  | 394 |  | 283 |  | 1 |  | 678 |
Total revenues of reportable segments |  | $ | 732 |  | $ | 703 |  | $ | 20,158 |  | $ | 21,593 |
Equity earnings in unconsolidated entities |  | $ | 23 |  | $ | — |  | $ | — |  | $ | 23 |
Segment profit (3) (4) |  | $ | 323 |  | $ | 300 |  | $ | 610 |  | $ | 1,233 |
Maintenance capital |  | $ | 55 |  | $ | 18 |  | $ | 9 |  | $ | 82 |
(1) Effective January 1, 2014, our natural gas sales and costs, primarily attributable to the activities performed by our natural gas storage commercial optimization group, are reported in the Supply and Logistics segment. Such items were previously reported in the Facilities segment. (2) Segment revenues and purchases and related costs include intersegment amounts. Intersegment sales are conducted at posted tariff rates, rates similar to those charged to third parties or rates that we believe approximate market. For further discussion, see “Analysis of Operating Segments” under Item 7 of our 2013 Annual Report on Form 10-K. (3) Supply and Logistics segment profit includes interest expense (related to hedged inventory purchases) of approximately $5 million for each of the three months ended June 30, 2014 and 2013 and approximately $7 million and $10 million for the six months ended June 30, 2014 and 2013, respectively. (4) The following table reconciles segment profit to net income attributable to PAGP (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Segment profit |  | $ | 488 |  | $ | 485 |  | $ | 1,097 |  | $ | 1,233 |
Unallocated general and administrative expenses |  | (1 | ) | — |  | (2 | ) | — |
Depreciation and amortization |  | (100 | ) | (91 | ) | (197 | ) | (174 | )
Interest expense, net |  | (85 | ) | (76 | ) | (166 | ) | (154 | )
Other income/(expense), net |  | 4 |  | (1 | ) | 2 |  | (1 | )
Income before tax |  | 306 |  | 317 |  | 734 |  | 904 |
Income tax expense |  | (31 | ) | (18 | ) | (87 | ) | (70 | )
Net income |  | 275 |  | 299 |  | 647 |  | 834 |
Net income attributable to noncontrolling interests |  | (260 | ) | (298 | ) | (618 | ) | (832 | )
Net income attributable to PAGP |  | $ | 15 |  | $ | 1 |  | $ | 29 |  | $ | 2 |
Reconciliation of segment profit to net income attributable to PAGP | The following table reconciles segment profit to net income attributable to PAGP (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Segment profit |  | $ | 488 |  | $ | 485 |  | $ | 1,097 |  | $ | 1,233 |
Unallocated general and administrative expenses |  | (1 | ) | — |  | (2 | ) | — |
Depreciation and amortization |  | (100 | ) | (91 | ) | (197 | ) | (174 | )
Interest expense, net |  | (85 | ) | (76 | ) | (166 | ) | (154 | )
Other income/(expense), net |  | 4 |  | (1 | ) | 2 |  | (1 | )
Income before tax |  | 306 |  | 317 |  | 734 |  | 904 |
Income tax expense |  | (31 | ) | (18 | ) | (87 | ) | (70 | )
Net income |  | 275 |  | 299 |  | 647 |  | 834 |
Net income attributable to noncontrolling interests |  | (260 | ) | (298 | ) | (618 | ) | (832 | )
Net income attributable to PAGP |  | $ | 15 |  | $ | 1 |  | $ | 29 |  | $ | 2 |

X
- Definition Tabular disclosure of the reconciliation of total profit or loss from reportable segments, to net income attributable to the parent. + References No definition available. + Details
Name: | pagp_ReconciliationOfOperatingProfitLossFromSegmentsToNetIncomeAttributableToParentTableTextBlock
Namespace Prefix: | pagp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration