v3.8.0.1
Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Financial Data for Segments
The tables below show our financial data for our segments for the periods indicated (in millions):
 
Three Months Ended September 30, 2017
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
553

 
$
1,127

 
$
906

 
$

 
$
2,586

Intersegment revenues
2

 
4

 
2

 
(8
)
 

Total operating revenues
$
555

 
$
1,131

 
$
908

 
$
(8
)
 
$
2,586

Commodity Margin
$
327

 
$
201

 
$
336

 
$

 
$
864

Add: Mark-to-market commodity activity, net and other(1)
(40
)
 
88

 
(39
)
 
(8
)
 
1

Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
83

 
77

 
75

 
(7
)
 
228

Depreciation and amortization expense
63

 
61

 
55

 

 
179

Sales, general and other administrative expense
10

 
16

 
10

 
1

 
37

Other operating expenses
13

 
6

 
6

 
(2
)
 
23

Impairment losses

 
12

 

 

 
12

(Income) from unconsolidated subsidiaries

 

 
(7
)
 

 
(7
)
Income from operations
118

 
117

 
158

 

 
393

Interest expense
 
 
 
 
 
 
 
 
156

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
8

Income before income taxes
 
 
 
 
 
 
 
 
$
229


 
Three Months Ended September 30, 2016
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
524

 
$
1,067

 
$
764

 
$

 
$
2,355

Intersegment revenues
1

 
3

 
2

 
(6
)
 

Total operating revenues
$
525

 
$
1,070

 
$
766

 
$
(6
)
 
$
2,355

Commodity Margin
$
298

 
$
198

 
$
324

 
$

 
$
820

Add: Mark-to-market commodity activity, net and other(1)
11

 
110

 
(51
)
 
(7
)
 
63

Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
79

 
65

 
78

 
(7
)
 
215

Depreciation and amortization expense
56

 
53

 
52

 

 
161

Sales, general and other administrative expense
9

 
13

 
12

 
(1
)
 
33

Other operating expenses
8

 
2

 
7

 
1

 
18

(Income) from unconsolidated subsidiaries

 

 
(6
)
 

 
(6
)
Income from operations
157

 
175

 
130

 

 
462

Interest expense
 
 
 
 
 
 
 
 
158

Other (income) expense, net
 
 
 
 
 
 
 
 
7

Income before income taxes
 
 
 
 
 
 
 
 
$
297

 
Nine Months Ended September 30, 2017
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
1,666

 
$
2,723

 
$
2,562

 
$

 
$
6,951

Intersegment revenues
4

 
12

 
6

 
(22
)
 

Total operating revenues
$
1,670

 
$
2,735

 
$
2,568

 
$
(22
)
 
$
6,951

Commodity Margin
$
792

 
$
516

 
$
761

 
$

 
$
2,069

Add: Mark-to-market commodity activity, net and other(2)
(1
)
 
28

 
(65
)
 
(22
)
 
(60
)
Less:
 
 
 
 
 
 
 
 


Plant operating expense
291

 
282

 
260

 
(21
)
 
812

Depreciation and amortization expense
189

 
187

 
166

 

 
542

Sales, general and other administrative expense
31

 
54

 
31

 
1

 
117

Other operating expenses
30

 
12

 
23

 
(2
)
 
63

Impairment losses
28

 
13

 

 

 
41

(Gain) on sale of assets, net

 

 
(27
)
 

 
(27
)
(Income) from unconsolidated subsidiaries

 

 
(17
)
 

 
(17
)
Income (loss) from operations
222

 
(4
)
 
260

 

 
478

Interest expense
 
 
 
 
 
 
 
 
469

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
42

Loss before income taxes
 
 
 
 
 
 
 
 
$
(33
)

 
Nine Months Ended September 30, 2016
 
West
 
Texas
 
East
 
Consolidation
and
Elimination
 
Total
Revenues from external customers
$
1,159

 
$
2,129

 
$
1,846

 
$

 
$
5,134

Intersegment revenues
4

 
10

 
9

 
(23
)
 

Total operating revenues
$
1,163

 
$
2,139

 
$
1,855

 
$
(23
)
 
$
5,134

Commodity Margin
$
749

 
$
511

 
$
797

 
$

 
$
2,057

Add: Mark-to-market commodity activity, net and other(2)
(5
)
 
7

 
(44
)
 
(21
)
 
(63
)
Less:
 
 
 
 
 
 
 
 
 
Plant operating expense
268

 
236

 
258

 
(21
)
 
741

Depreciation and amortization expense
168

 
159

 
163

 

 
490

Sales, general and other administrative expense
27

 
43

 
36

 

 
106

Other operating expenses
23

 
6

 
27

 
(1
)
 
55

Impairment losses
13

 

 

 

 
13

(Income) from unconsolidated subsidiaries

 

 
(16
)
 

 
(16
)
Income from operations
245


74

 
285

 
1

 
605

Interest expense
 
 
 
 
 
 
 
 
472

Debt extinguishment costs and other (income) expense, net
 
 
 
 
 
 
 
 
33

Income before income taxes
 
 
 
 
 
 
 
 
$
100

_________
(1)
Includes $33 million and $40 million of lease levelization and $39 million and $25 million of amortization expense for the three months ended September 30, 2017 and 2016, respectively.
(2)
Includes $(13) million and $(2) million of lease levelization and $143 million and $79 million of amortization expense for the nine months ended September 30, 2017 and 2016, respectively.