v3.8.0.1
Operating Segments (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of segment reporting information, by segment
SEGMENT INFORMATION (in millions)


 
Nine Months Ended
September 30,
 
2017
 
2016
Revenues
 
 
 
Terminalling and Transportation:
 
 
 
Terminalling
$
492

 
$
345

Pipeline transportation
97

 
93

Total Terminalling and Transportation
589

 
438

Gathering and Processing:
 
 
 
NGL sales
254

 
78

Gas gathering and processing
252

 
198

Crude oil and water gathering
147

 
100

Pass-thru and other
111

 
87

Total Gathering and Processing
764

 
463

Wholesale (a):
 
 
 
Fuel sales
730

 

Other wholesale
28

 

Total Wholesale
758

 

Total Segment Revenues
$
2,111

 
$
901

 
 
 
 
Segment Operating Income
 
 
 
Terminalling and Transportation
$
343

 
$
211

Gathering and Processing
170

 
173

Wholesale (a)
10

 

Total Segment Operating Income
523

 
384

Unallocated general and administrative expenses
(33
)
 
(20
)
Interest and financing costs, net
(186
)
 
(138
)
Equity in earnings of equity method investments
7

 
10

Other income, net
3

 
6

Net Earnings
$
314

 
$
242

 
 
 
 
Capital Expenditures
 
 
 
Terminalling and Transportation
$
89

 
$
99

Gathering and Processing
64

 
82

Wholesale (a)

 

Total Capital Expenditures
$
153

 
$
181



(a)
The Wholesale business was acquired by Andeavor Logistics as part of the WNRL Merger on October 30, 2017 and the results are only for the period of June 1, 2017 through the end of the period.

TOTAL IDENTIFIABLE ASSETS BY OPERATING SEGMENT (in millions)

 
September 30,
2017
 
December 31,
2016
Identifiable Assets
 
 
 
Terminalling and Transportation
$
2,508

 
$
1,768

Gathering and Processing
5,066

 
3,392

Wholesale (a)
556

 

Other (b)
44

 
700

Total Identifiable Assets
$
8,174

 
$
5,860


(a)
The Wholesale business was acquired by Andeavor Logistics as part of the WNRL Merger on October 30, 2017.
(b)
Other consists mainly of $688 million in cash and cash equivalents as of December 31, 2016, of which $673 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 September 30, 2017.