Note 10 - Commitments, Guarantees and Contingencies (Details) - Contractual Obligations and Commitments (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified |
Recorded contractual obligations: | ' | |
Recorded contractual obligations,Total | $4,842 | |
Recorded contractual obligations,2014 | 698 | |
Recorded contractual obligations 2015 | 283 | |
Recorded contractual obligations, 2016 | 649 | |
Recorded contractual obligations, 2017 | 72 | |
Recorded contractual obligations, 2018 | 193 | |
Recorded contractual obligations, 2019 & thereafter | 2,947 | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 6,909 | [1],[2] |
Unrecorded contractual obligations and commitments, 2014 | 363 | [1],[2] |
Unrecorded contractual obligations and commitments, 2015 | 807 | [1],[2] |
Unrecorded contractual obligations and commitments, 2016 | 506 | [1],[2] |
Unrecorded contractual obligations and commitments, 2017 | 363 | [1],[2] |
Unrecorded contractual obligations and commitments, 2018 | 343 | [1],[2] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | 4,527 | [1],[2] |
Long Term Contractual Obligations [Member] | ' | |
Recorded contractual obligations: | ' | |
Recorded contractual obligations,Total | 3,706 | [3] |
Recorded contractual obligations,2014 | ' | [3] |
Recorded contractual obligations 2015 | 200 | [3] |
Recorded contractual obligations, 2016 | 545 | [3] |
Recorded contractual obligations, 2017 | 22 | [3] |
Recorded contractual obligations, 2018 | 155 | [3] |
Recorded contractual obligations, 2019 & thereafter | 2,784 | [3] |
Short Term Contractual Obligations [Member] | ' | |
Recorded contractual obligations: | ' | |
Recorded contractual obligations,Total | 681 | |
Recorded contractual obligations,2014 | 681 | |
Environmental Remediation Liabilities [Member] | ' | |
Recorded contractual obligations: | ' | |
Recorded contractual obligations,Total | 454 | [4] |
Recorded contractual obligations,2014 | 16 | [4] |
Recorded contractual obligations 2015 | 83 | [4] |
Recorded contractual obligations, 2016 | 104 | [4] |
Recorded contractual obligations, 2017 | 50 | [4] |
Recorded contractual obligations, 2018 | 38 | [4] |
Recorded contractual obligations, 2019 & thereafter | 163 | [4] |
Pipeline Replacement Program Costs [Member] | ' | |
Recorded contractual obligations: | ' | |
Recorded contractual obligations,Total | 1 | [4] |
Recorded contractual obligations,2014 | 1 | [4] |
Recorded contractual obligations 2015 | ' | [4] |
Recorded contractual obligations, 2016 | ' | [4] |
Recorded contractual obligations, 2017 | ' | [4] |
Recorded contractual obligations, 2018 | ' | [4] |
Recorded contractual obligations, 2019 & thereafter | ' | [4] |
Pipeline Charges, Storage Capacity and Gas Supply [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 3,837 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2014 | 304 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2015 | 564 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2016 | 292 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2017 | 185 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2018 | 174 | [1],[2],[5] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | 2,318 | [1],[2],[5] |
Interest Charges [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 2,798 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2014 | 36 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2015 | 179 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2016 | 171 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2017 | 147 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2018 | 146 | [1],[2],[6] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | 2,119 | [1],[2],[6] |
Operating Leases [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 207 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2014 | 11 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2015 | 35 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2016 | 31 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2017 | 24 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2018 | 18 | [1],[2],[7] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | 88 | [1],[2],[7] |
Asset Management Agreements [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 31 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2014 | 2 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2015 | 9 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2016 | 8 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2017 | 6 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2018 | 4 | [1],[2],[8] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | 2 | [1],[2],[8] |
Standby Letterrs Of Credit And Performance Surety Bonds Obligations [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 27 | [1],[2] |
Unrecorded contractual obligations and commitments, 2014 | 9 | [1],[2] |
Unrecorded contractual obligations and commitments, 2015 | 17 | [1],[2] |
Unrecorded contractual obligations and commitments, 2016 | 1 | [1],[2] |
Unrecorded contractual obligations and commitments, 2017 | ' | [1],[2] |
Unrecorded contractual obligations and commitments, 2018 | ' | [1],[2] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | ' | [1],[2] |
Other Obligations [Member] | ' | |
Unrecorded contractual obligations and commitments(3) (8): | ' | |
Unrecorded contractual obligations and commitments, Total | 9 | [1],[2] |
Unrecorded contractual obligations and commitments, 2014 | 1 | [1],[2] |
Unrecorded contractual obligations and commitments, 2015 | 3 | [1],[2] |
Unrecorded contractual obligations and commitments, 2016 | 3 | [1],[2] |
Unrecorded contractual obligations and commitments, 2017 | 1 | [1],[2] |
Unrecorded contractual obligations and commitments, 2018 | 1 | [1],[2] |
Unrecorded contractual obligations and commitments, 2019 & thereafter | ' | [1],[2] |
|
[1] | In accordance with GAAP, these items are not reflected in our unaudited Condensed Consolidated Statements of Financial Position. |
[2] | We provide guarantees to certain municipalities and other agencies and certain gas suppliers of SouthStar in support of payment obligations. |
[3] | Excludes the $77 million step up to fair value of first mortgage bonds, $16 million unamortized debt premium and $6 million interest rate swaps fair value adjustment. Includes current portion of long-term debt of $200 million, which matures in January 2015. |
[4] | Includes charges recoverable through base rates or rate rider mechanisms. |
[5] | Includes charges recoverable through a natural gas cost recovery mechanism or alternatively billed to Marketers and demand charges associated with Sequent. The gas supply balance includes amounts for Nicor Gas and SouthStar gas commodity purchase commitments of 66 Bcf at floating gas prices calculated using forward natural gas prices as of September 30, 2014, and is valued at $271 million. As we do for other subsidiaries, we provide guarantees to certain gas suppliers for SouthStar in support of payment obligations. |
[6] | Floating rate interest charges are calculated based on the interest rate as of September 30, 2014, and the maturity date of the underlying debt instrument. As of September 30, 2014, we have $42 million of accrued interest on our unaudited Condensed Consolidated Statements of Financial Position that will be paid in the next 12 months. |
[7] | We have certain operating leases with provisions for step rent or escalation payments and certain lease concessions. We account for these leases by recognizing the future minimum lease payments on a straight-line basis over the respective minimum lease terms, in accordance with GAAP. However, this lease accounting treatment does not affect the future annual operating lease cash obligations as shown herein. Our operating leases are primarily for real estate. |
[8] | Represent fixed-fee minimum payments for Sequent's affiliated asset management agreements. |