v3.5.0.2
Note 16 - Condensed Consolidating Financial Information Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jul. 22, 2015
Dec. 02, 2014
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues                          
Affiliate [1]                     $ 615 $ 497 $ 273
Third-party [1]                     497 103 40
Total Revenues     $ 292 $ 282 $ 275 $ 263 $ 190 $ 150 $ 133 $ 127 1,112 [1] 600 [1] 313 [1]
Costs and Expenses                          
Operating and maintenance expenses     132 113 111 99 108 78 68 59 455 [1] 313 [1] 188 [1]
Imbalance settlement gains and reimbursements [1]                     (40) (43) (12)
General and administrative expenses [1]                     102 74 32
Depreciation and amortization expenses [1],[2]                     180 79 48
Gain on asset disposals and impairments [1]                     1 (4) 0
Total Costs and Expenses [1]                     698 419 256
Operating Income (Loss)     102 105 104 103 30 55 42 54 414 [1] 181 [1] 57 [1]
Interest and financing costs, net [1]                     (150) (109) (39)
Equity in earnings of unconsolidated affiliates [1]                     7 1 0
Equity in earnings (loss) of subsidiaries                     0 0  
Income tax expense [1]                     (1) 0 0
Net earnings (loss)     $ 64 $ 70 $ 67 $ 69 $ (15) $ 27 $ 25 $ 36 270 [1] 73 [1] 18 [1]
Loss attributable to Predecessors [1]                     22 [3] 29 [4] 62
Net earnings attributable to noncontrolling interest [1]                     (20) (3) 0
Net earnings attributable to partners [1]                     272 99 $ 80
Parent                          
Revenues                          
Affiliate                     0 6  
Third-party                     0 0  
Total Revenues                     0 6  
Costs and Expenses                          
Operating and maintenance expenses                     19 32  
Imbalance settlement gains and reimbursements                     0 0  
General and administrative expenses                     29 37  
Depreciation and amortization expenses                     2 3  
Gain on asset disposals and impairments                     0 0  
Total Costs and Expenses                     50 72  
Operating Income (Loss)                     (50) (66)  
Interest and financing costs, net                     0 0  
Equity in earnings of unconsolidated affiliates                     0 0  
Equity in earnings (loss) of subsidiaries                     300 136  
Income tax expense                     0    
Net earnings (loss)                     250 70  
Loss attributable to Predecessors                     22 [3] 29 [4]  
Net earnings attributable to noncontrolling interest                     0 0  
Net earnings attributable to partners                     272 99  
Guarantor Subsidiaries                          
Revenues                          
Affiliate                     615 491  
Third-party                     492 103  
Total Revenues                     1,107 594  
Costs and Expenses                          
Operating and maintenance expenses                     463 283  
Imbalance settlement gains and reimbursements                     (40) (43)  
General and administrative expenses                     73 37  
Depreciation and amortization expenses                     162 75  
Gain on asset disposals and impairments                     1 (4)  
Total Costs and Expenses                     659 348  
Operating Income (Loss)                     448 246  
Interest and financing costs, net                     (140) (105)  
Equity in earnings of unconsolidated affiliates                     7 1  
Equity in earnings (loss) of subsidiaries                     3 (3)  
Income tax expense                     (1)    
Net earnings (loss)                     317 139  
Loss attributable to Predecessors                     0 [3] 0 [4]  
Net earnings attributable to noncontrolling interest                     (17) (3)  
Net earnings attributable to partners                     300 136  
Non-Guarantors                          
Revenues                          
Affiliate                     28 2  
Third-party                     5 0  
Total Revenues                     33 2  
Costs and Expenses                          
Operating and maintenance expenses                     1 0  
Imbalance settlement gains and reimbursements                     0 0  
General and administrative expenses                     0 0  
Depreciation and amortization expenses                     16 1  
Gain on asset disposals and impairments                     0 0  
Total Costs and Expenses                     17 1  
Operating Income (Loss)                     16 1  
Interest and financing costs, net                     (10) (4)  
Equity in earnings of unconsolidated affiliates                     0 0  
Equity in earnings (loss) of subsidiaries                     0 0  
Income tax expense                     0    
Net earnings (loss)                     6 (3)  
Loss attributable to Predecessors                     0 [3] 0 [4]  
Net earnings attributable to noncontrolling interest                     (3) 0  
Net earnings attributable to partners                     3 (3)  
Rockies Natural Gas Business Acquisition                          
Condensed Financial Statements                          
Effective date of acquisition Jul. 22, 2015 Dec. 02, 2014                      
Consolidating Adjustments                          
Revenues                          
Affiliate                     (28) (2)  
Third-party                     0 0  
Total Revenues                     (28) (2)  
Costs and Expenses                          
Operating and maintenance expenses                     (28) (2)  
Imbalance settlement gains and reimbursements                     0 0  
General and administrative expenses                     0 0  
Depreciation and amortization expenses                     0 0  
Gain on asset disposals and impairments                     0 0  
Total Costs and Expenses                     (28) (2)  
Operating Income (Loss)                     0 0  
Interest and financing costs, net                     0 0  
Equity in earnings of unconsolidated affiliates                     0 0  
Equity in earnings (loss) of subsidiaries                     (303) (133)  
Income tax expense                     0    
Net earnings (loss)                     (303) (133)  
Loss attributable to Predecessors                     0 [3] 0 [4]  
Net earnings attributable to noncontrolling interest                     0 0  
Net earnings attributable to partners                     $ (303) $ (133)  
[1] All periods include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.
[2] Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.
[3] Amounts attributable to Predecessors have been reflected in the Parent column.
[4] Amounts attributable to Predecessors have been reflected in the Parent column.