v3.7.0.1
Operating Segments (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of segment reporting information, by segment
SEGMENT INFORMATION (in millions)


 
Three Months Ended March 31,
 
2017
 
2016
Revenues
 
 
 
Gathering and Processing:
 
 
 
NGL sales
$
83

 
$
27

Gas gathering and processing
80

 
68

Crude oil and water gathering
39

 
35

Pass-thru and other revenue
43

 
32

Total Gathering and Processing Revenue
245

 
162

Terminalling and Transportation:
 
 
 
Terminalling revenues
145

 
108

Pipeline transportation revenues
30

 
30

Total Terminalling and Transportation
175

 
138

Total Segment Revenues
$
420

 
$
300

 
 
 
 
Segment Operating Income
 
 
 
Gathering and Processing
$
62

 
$
64

Terminalling and Transportation
98

 
63

Total Segment Operating Income
160

 
127

Unallocated general and administrative expenses
(10
)
 
(8
)
Interest and financing costs, net
(60
)
 
(44
)
Equity in earnings of equity method investments
2

 
4

Other income, net

 
6

Net Earnings
$
92

 
$
85

 
 
 
 
Capital Expenditures
 
 
 
Gathering and Processing
$
18

 
$
30

Terminalling and Transportation
27

 
30

Total Capital Expenditures
$
45

 
$
60



TOTAL IDENTIFIABLE ASSETS BY OPERATING SEGMENT (in millions)

 
March 31,
2017
 
December 31,
2016
Identifiable Assets
 
 
 
Gathering and Processing
$
4,054

 
$
3,392

Terminalling and Transportation
1,775

 
1,768

Other (a)
44

 
700

Total Identifiable Assets
$
5,873

 
$
5,860


(a)
Other consists mainly of $688 million in cash and cash equivalents as of December 31, 2016, of which $672 million was used to fund the acquisition of the North Dakota Gathering and Processing Assets on January 1, 2017, increasing the Gathering and Processing segment’s identifiable assets as of March 31, 2017.