Document_And_Entity_Informatio
Document And Entity Information (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Apr. 28, 2014 | Jun. 28, 2013 | |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'KINDER MORGAN, INC. | ' | ' |
Entity Central Index Key | '0001506307 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $25,669,830,461 |
Entity Common Stock, Shares Outstanding | ' | 1,027,906,018 | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'Q1 | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Mar-14 | ' | ' |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Revenues [Abstract] | ' | ' |
Natural gas sales | $1,097,000,000 | $737,000,000 |
Services | 1,829,000,000 | 1,604,000,000 |
Product sales and other | 1,121,000,000 | 719,000,000 |
Total Revenues | 4,047,000,000 | 3,060,000,000 |
Operating Costs, Expenses and Other | ' | ' |
Costs of sales | 1,643,000,000 | 970,000,000 |
Operations and maintenance | 483,000,000 | 419,000,000 |
Depreciation, depletion and amortization | 496,000,000 | 415,000,000 |
General and administrative | 172,000,000 | 140,000,000 |
Taxes, other than income taxes | 110,000,000 | 98,000,000 |
Other (income) expense, net | -4,000,000 | 1,000,000 |
Total Operating Costs, Expenses and Other | 2,900,000,000 | 2,043,000,000 |
Operating Income | 1,147,000,000 | 1,017,000,000 |
Other Income (Expense) | ' | ' |
Earnings from equity investments | 99,000,000 | 101,000,000 |
Amortization of excess cost of equity investments | -10,000,000 | -9,000,000 |
Interest, net | -448,000,000 | -402,000,000 |
Gain on sale of investments in Express pipeline system (Note 2) | 0 | 225,000,000 |
Other, net | 13,000,000 | 5,000,000 |
Total Other Income (Expense) | -346,000,000 | -80,000,000 |
Income from Continuing Operations Before Income Taxes | 801,000,000 | 937,000,000 |
Income Tax Expense | -200,000,000 | -279,000,000 |
Income from Continuing Operations | 601,000,000 | 658,000,000 |
Loss from Discontinued Operations, Net of Tax (Note 2) | 0 | -2,000,000 |
Net Income | 601,000,000 | 656,000,000 |
Net Income Attributable to Noncontrolling Interests | -314,000,000 | -364,000,000 |
Net Income Attributable to Kinder Morgan, Inc. | $287,000,000 | $292,000,000 |
Diluted Weighted-Average Number of Shares Outstanding | ' | ' |
Dividends Per Common Share Declared for the Period | $0.42 | $0.38 |
Class P [Member] | ' | ' |
Basic and Diluted Earning Per Common Share | ' | ' |
From Continuing Operations | $0.28 | $0.28 |
From Discontinued Operations | $0 | $0 |
Total Basic and Diluted Earnings Per Common Share | $0.28 | $0.28 |
Basic Weighted-Average Number of Shares Outstanding | ' | ' |
Basic Weighted-Average Number of Shares Outstanding | 1,029 | 1,036 |
Diluted Weighted-Average Number of Shares Outstanding | ' | ' |
Diluted Weighted-Average Number of Shares Outstanding | 1,029 | 1,038 |
Dividends Per Common Share Declared for the Period | $0.42 | $0.38 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Kinder Morgan, Inc. | ' | ' |
Net income attributable to KMI | $287 | $292 |
Other comprehensive income (loss), net of tax | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $11 and $6, respectively) | -19 | -16 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(3) and $1, respectively) | 6 | -4 |
Foreign currency translation adjustments (net of tax benefit of $14 and $7, respectively) | -25 | -17 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | 0 | -1 |
Total other comprehensive loss | -38 | -38 |
Total comprehensive income | 249 | 254 |
Noncontrolling Interests | ' | ' |
Net Income Attributable to Noncontrolling Interests | 314 | 364 |
Other comprehensive income (loss), net of tax | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $3 and $3, respectively) | -26 | -15 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(1) and $-, respectively) | 8 | -2 |
Foreign currency translation adjustments (net of tax benefit of $4 and $2, respectively) | -37 | -16 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | -1 | 0 |
Total other comprehensive loss | -56 | -33 |
Total comprehensive income | 258 | 331 |
Total | ' | ' |
Net income | 601 | 656 |
Other comprehensive income (loss), net of tax | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -45 | -31 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 14 | -6 |
Foreign currency translation adjustments (net of tax benefit of $18 and $9, respectively) | -62 | -33 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | -1 | -1 |
Total other comprehensive loss | -94 | -71 |
Total comprehensive income | $507 | $585 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Kinder Morgan, Inc. | ' | ' |
Change in fair value of derivatives utilized for hedging purposes, tax benefit attributable to KMI | $11 | $6 |
Reclassification of change in fair value of derivatives to net income, tax expense attributable to KMI | -3 | 1 |
Foreign currency translation adjustments, tax expense attributable to KMI | 14 | 7 |
Adjustments to pension and other postretirement benefit liabilities, tax benefit attributable to KMI | 0 | 0 |
Noncontrolling Interests | ' | ' |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax Attributable To Noncontrolling Interests | 3 | 3 |
Other Comprehensive Income Loss Reclassification Adjustment From AOCI On Derivatives Tax Attributable To Noncontrolling Interests | -1 | 0 |
Foreign currency translation adjustments, tax expense attributable to noncontrolling interests | 4 | 2 |
Adjustments to pension and other postretirement benefit liabilities, tax benefit attributable to noncontrolling interests | 0 | 0 |
Total | ' | ' |
Change in fair value of derivatives utilized for hedging purposes, tax benefit total | 14 | 9 |
Reclassification of change in fair value of derivatives to net income, tax expense total | -4 | 1 |
Foreign currency translation adjustments, tax expense total | 18 | 9 |
Adjustments to pension and other postretirement benefit plan liabilities, tax benefit total | $0 | $0 |
CONSOLIDATED_BALANCE_SHEETS_Un
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Current Assets | ' | ' |
Cash and cash equivalents | $513,000,000 | $598,000,000 |
Accounts, Notes, Loans and Financing Receivable, Net, Current | 1,645,000,000 | 1,721,000,000 |
Inventory, Net | 417,000,000 | 430,000,000 |
Natural gas imbalance receivable | 193,000,000 | 83,000,000 |
Deferred income taxes | 448,000,000 | 567,000,000 |
Other Assets, Current | 446,000,000 | 469,000,000 |
Assets, Current | 3,662,000,000 | 3,868,000,000 |
Property, plant and equipment, net (Note 12) | 36,952,000,000 | 35,847,000,000 |
Investments | 5,962,000,000 | 5,951,000,000 |
Goodwill (Note 12) | 24,563,000,000 | 24,504,000,000 |
Other intangibles, net | 2,403,000,000 | 2,438,000,000 |
Deferred charges and other assets | 2,512,000,000 | 2,577,000,000 |
Total Assets | 76,054,000,000 | 75,185,000,000 |
Current Liabilities | ' | ' |
Accounts payable | 1,575,000,000 | 1,676,000,000 |
Accrued interest | 411,000,000 | 565,000,000 |
Accrued contingencies | 633,000,000 | 584,000,000 |
Other current liabilities | 1,037,000,000 | 944,000,000 |
Total current liabilities | 6,068,000,000 | 6,075,000,000 |
Long-term debt | ' | ' |
Preferred Stock, Value, Issued | 0 | 0 |
Debt Fair Value Adjustments | 1,969,000,000 | 1,977,000,000 |
Total long-term debt | 34,799,000,000 | 33,887,000,000 |
Deferred income taxes | 4,599,000,000 | 4,651,000,000 |
Deferred Credits and Other Liabilities, Noncurrent | 2,154,000,000 | 2,287,000,000 |
Liabilities, Noncurrent | 41,552,000,000 | 40,825,000,000 |
Total Liabilities | 47,620,000,000 | 46,900,000,000 |
Stockholders’ Equity | ' | ' |
Preferred Stock, Value, Issued | 0 | 0 |
Additional paid-in capital | 14,362,000,000 | 14,479,000,000 |
Retained deficit | -1,510,000,000 | -1,372,000,000 |
Accumulated other comprehensive loss | -62,000,000 | -24,000,000 |
Total Kinder Morgan, Inc.’s stockholders’ equity | 12,800,000,000 | 13,093,000,000 |
Noncontrolling interests | 15,634,000,000 | 15,192,000,000 |
Total Stockholders’ Equity | 28,434,000,000 | 28,285,000,000 |
Total Liabilities and Stockholders’ Equity | 76,054,000,000 | 75,185,000,000 |
Class P [Member] | ' | ' |
Stockholders’ Equity | ' | ' |
Class P shares, $0.01 par value, 2,000,000,000 shares authorized, 1,027,904,172 and 1,030,677,076 shares, respectively, issued and outstanding | 10,000,000 | 10,000,000 |
Kinder Morgan, Inc. [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 85,000,000 | 116,000,000 |
Property, plant and equipment, net (Note 12) | 2,540,000,000 | 2,563,000,000 |
Goodwill (Note 12) | 17,935,000,000 | 17,935,000,000 |
Current Liabilities | ' | ' |
Current Portion of Debt (Note 14) | 1,128,000,000 | 725,000,000 |
Long-term debt | ' | ' |
Long-term debt excluding preferred interest | 8,968,000,000 | 9,221,000,000 |
Total long-term debt | 9,068,000,000 | 9,321,000,000 |
KMP and EPB [Member] | ' | ' |
Current Assets | ' | ' |
Cash and cash equivalents | 428,000,000 | 482,000,000 |
Current Liabilities | ' | ' |
Current Portion of Debt (Note 14) | 1,284,000,000 | 1,581,000,000 |
Long-term debt | ' | ' |
Long-term Debt and Capital Lease Obligations | 23,762,000,000 | 22,589,000,000 |
Kinder Morgan G.P., Inc. [Member] | KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | ' | ' |
Long-term debt | ' | ' |
Preferred Stock, Value, Issued | 100,000,000 | 100,000,000 |
Stockholders’ Equity | ' | ' |
Preferred Stock, Value, Issued | $100,000,000 | $100,000,000 |
CONSOLIDATED_BALANCE_SHEETS_Un1
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Stockholders' Equity | ' | ' |
Preferred Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Class P [Member] | ' | ' |
Stockholders' Equity | ' | ' |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common Stock, Shares Authorized | 2,000,000,000 | 2,000,000,000 |
Common Stock, Shares, Issued | 1,027,904,172 | 1,030,677,076 |
Common Stock, Shares, Outstanding | 1,027,904,172 | 1,030,677,076 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Cash Flows From Operating Activities | ' | ' |
Net income | $601,000,000 | $656,000,000 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Depreciation, depletion and amortization | 496,000,000 | 415,000,000 |
Deferred income taxes | 111,000,000 | 172,000,000 |
Amortization of excess cost of equity investments | 10,000,000 | 9,000,000 |
Gain on sale of investments in Express pipeline system (Note 2) | 0 | -225,000,000 |
Earnings from equity investments | -99,000,000 | -101,000,000 |
Distributions from equity investment earnings | 77,000,000 | 101,000,000 |
Pension contributions in excess of expense | -50,000,000 | -59,000,000 |
Changes in components of working capital, net of the effects of acquisitions | ' | ' |
Accounts receivable | 178,000,000 | 7,000,000 |
Inventories | 10,000,000 | -13,000,000 |
Other current assets | 19,000,000 | 33,000,000 |
Accounts payable | -140,000,000 | -152,000,000 |
Accrued interest | -154,000,000 | -136,000,000 |
Increase (decrease) in accrued contingencies and other current liabilities | 95,000,000 | 192,000,000 |
Other, net | -36,000,000 | -132,000,000 |
Net Cash Provided by Operating Activities | 1,118,000,000 | 767,000,000 |
Cash flows from investing activities | ' | ' |
Capital expenditures | -845,000,000 | -598,000,000 |
Proceeds from sales of investments | 0 | 491,000,000 |
(Loans to) repayments from related party | -17,000,000 | 10,000,000 |
Contributions to investments | -36,000,000 | -40,000,000 |
Distributions from equity investments in excess of cumulative earnings | 38,000,000 | 37,000,000 |
Natural gas storage and natural gas and liquids line-fill | 21,000,000 | 10,000,000 |
Sale or casualty of property, plant and equipment, and other net assets net of removal costs | 19,000,000 | -3,000,000 |
Other, net | -9,000,000 | -19,000,000 |
Net Cash Used in Investing Activities | -1,819,000,000 | -116,000,000 |
Cash flows from financing activities | ' | ' |
Debt issue costs | -12,000,000 | -7,000,000 |
Cash dividends | -425,000,000 | -384,000,000 |
Repurchases of shares and warrants | -149,000,000 | -80,000,000 |
Contributions from noncontrolling interests | 684,000,000 | 465,000,000 |
Distributions to noncontrolling interests | -479,000,000 | -375,000,000 |
Net Cash Provided by (Used in) Financing Activities | 626,000,000 | -253,000,000 |
Effect of Exchange Rate on Cash and Cash Equivalents | -10,000,000 | -6,000,000 |
Net (decrease) increase in Cash and Cash Equivalents | -85,000,000 | 392,000,000 |
Cash and Cash Equivalents, beginning of period | 598,000,000 | 714,000,000 |
Cash and Cash Equivalents, end of period | 513,000,000 | 1,106,000,000 |
Supplemental Disclosures of Cash Flow Information | ' | ' |
Cash paid during the period for interest (net of capitalized interest) | 566,000,000 | 513,000,000 |
Net cash paid during the period for income taxes | -2,000,000 | -7,000,000 |
Kinder Morgan, Inc. [Member] | ' | ' |
Cash flows from financing activities | ' | ' |
Proceeds from Issuance of Debt | 643,000,000 | 520,000,000 |
Repayments of Debt | -493,000,000 | -1,281,000,000 |
Cash and Cash Equivalents, beginning of period | 116,000,000 | ' |
Cash and Cash Equivalents, end of period | 85,000,000 | ' |
KMP and EPB [Member] | ' | ' |
Cash flows from financing activities | ' | ' |
Proceeds from Issuance of Debt | 4,548,000,000 | 2,699,000,000 |
Repayments of Debt | -3,691,000,000 | -1,810,000,000 |
Cash and Cash Equivalents, beginning of period | 482,000,000 | ' |
Cash and Cash Equivalents, end of period | 428,000,000 | ' |
APT and SCT [Member] | ' | ' |
Cash flows from investing activities | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | -960,000,000 | 0 |
Other Acquisitions [Member] | ' | ' |
Cash flows from investing activities | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | ($30,000,000) | ($4,000,000) |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) Statement (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | KMI [Member] | Noncontrolling Interest [Member] | KMP, EPB and KMR [Member] | KMP, EPB and KMR [Member] | KMP, EPB and KMR [Member] | KMP, EPB and KMR [Member] | KMP and EPB [Member] | KMP and EPB [Member] | KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | EP Trust I Preferred [Member] | EP Trust I Preferred [Member] | EP Trust I Preferred [Member] |
In Millions | Additional Paid-in Capital [Member] | KMI [Member] | Noncontrolling Interest [Member] | Additional Paid-in Capital [Member] | KMI [Member] | Noncontrolling Interest [Member] | Additional Paid-in Capital [Member] | KMI [Member] | |||||||||||
Total Stockholders' Equity at Dec. 31, 2012 | $24,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interests at Dec. 31, 2012 | ' | ' | ' | ' | ' | ' | 10,234 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to KMI at Dec. 31, 2012 | ' | 10 | 14,917 | -943 | -118 | 13,866 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants repurchased | -80 | ' | -80 | ' | ' | -80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversions of EP Trust I Preferred securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | 1 |
Amortization of restricted shares | 5 | ' | 5 | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impact of subsidiary equity transactions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -8 | 14 | 14 | -22 | ' | ' | ' | ' |
Net income attributable to KMI | 292 | ' | ' | 292 | ' | 292 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income Attributable to Noncontrolling Interests | -364 | ' | ' | ' | ' | ' | -364 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 656 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions | -375 | ' | ' | ' | ' | 0 | -375 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions | 465 | ' | ' | ' | ' | 0 | 465 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends, Common Stock, Cash | -384 | ' | ' | -384 | ' | -384 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax, portion attributable to KMI | -38 | ' | ' | ' | -38 | -38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax, portion attributable to noncontrolling interests | -33 | ' | ' | ' | ' | ' | -33 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total other comprehensive loss | -71 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity at Mar. 31, 2013 | 24,309 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interests at Mar. 31, 2013 | ' | ' | ' | ' | ' | ' | 10,633 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Attributable to KMI at Mar. 31, 2013 | ' | 10 | 14,857 | -1,035 | -156 | 13,676 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity at Dec. 31, 2013 | 28,285 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interests at Dec. 31, 2013 | 15,192 | ' | ' | ' | ' | ' | 15,192 | ' | ' | ' | ' | ' | ' | ' | ' | 7,642 | ' | ' | ' |
Stockholders' Equity Attributable to KMI at Dec. 31, 2013 | 13,093 | 10 | 14,479 | -1,372 | -24 | 13,093 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares repurchased | -94 | ' | -94 | ' | ' | -94 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants repurchased | -55 | ' | -55 | ' | ' | -55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of restricted shares | 14 | ' | 14 | ' | ' | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impact of subsidiary equity transactions | ' | ' | 13 | ' | ' | ' | ' | -8 | 13 | 13 | -21 | ' | ' | ' | ' | ' | ' | ' | ' |
Windfall tax profit | 5 | ' | 5 | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income attributable to KMI | 287 | ' | ' | 287 | ' | 287 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income Attributable to Noncontrolling Interests | -314 | ' | ' | ' | ' | ' | -314 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 601 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions | -479 | ' | ' | ' | ' | 0 | -479 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions | 684 | ' | ' | ' | ' | 0 | 684 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends, Common Stock, Cash | -425 | ' | ' | -425 | ' | -425 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax, portion attributable to KMI | -38 | ' | ' | ' | -38 | -38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax, portion attributable to noncontrolling interests | -56 | ' | ' | ' | ' | ' | -56 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total other comprehensive loss | -94 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity at Mar. 31, 2014 | 28,434 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interests at Mar. 31, 2014 | 15,634 | ' | ' | ' | ' | ' | 15,634 | ' | ' | ' | ' | ' | ' | ' | ' | 7,995 | ' | ' | ' |
Stockholders' Equity Attributable to KMI at Mar. 31, 2014 | $12,800 | $10 | $14,362 | ($1,510) | ($62) | $12,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General_Notes
General (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
General | ' | |||||||
General | ||||||||
Organization | ||||||||
Kinder Morgan, Inc. is the largest midstream and the fourth largest energy company in North America with a combined enterprise value of approximately $105 billion. We own an interest in or operate approximately 80,000 miles of pipelines and 180 terminals. Our pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and our terminals store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. | ||||||||
We own an approximate 10% limited partner interest and the 2% general partner interest in KMP, a leading pipeline transportation and energy storage company and one of the largest publicly-traded pipeline limited partnerships in America. KMP’s limited partner units are traded on the NYSE under the ticker symbol “KMP.” | ||||||||
We also own an approximate 40% limited partner interest and the 2% general partner interest in EPB, as well as certain natural gas pipeline assets. EPB’s limited partner units are traded on the NYSE under the ticker symbol “EPB.” | ||||||||
Our common stock trades on the NYSE under the symbol “KMI.” | ||||||||
KMR is a publicly traded Delaware LLC. KMGP, the general partner of KMP and a wholly-owned subsidiary of ours, owns all of KMR’s voting shares. KMR, pursuant to a delegation of control agreement, has been delegated, to the fullest extent permitted under Delaware law, all of KMGP’s power and authority to manage and control the business and affairs of KMP, subject to KMGP’s right to approve certain transactions. | ||||||||
Basis of Presentation | ||||||||
General | ||||||||
Our reporting currency is U.S. dollars, and all references to dollars are U.S. dollars, except where stated otherwise. Canadian dollars are designated as C$. | ||||||||
Our accompanying unaudited consolidated financial statements have been prepared under the rules and regulations of the United States Securities and Exchange Commission. These rules and regulations conform to the accounting principles contained in the FASB’s Accounting Standards Codification, the single source of GAAP. Under such rules and regulations, all significant intercompany items have been eliminated in consolidation. Additionally, we have condensed or omitted certain information and notes normally included in financial statements prepared in conformity with the Codification. We believe, however, that our disclosures are adequate to make the information presented not misleading. | ||||||||
Our accompanying unaudited consolidated financial statements reflect normal adjustments, and also recurring adjustments that are, in the opinion of our management, necessary for a fair statement of our financial results for the interim periods. In addition, certain amounts from prior periods have been reclassified to conform to the current presentation (including reclassifications between “Services” and “Product sales and other” within the “Revenues” section of our accompanying consolidated statements of income). Interim results are not necessarily indicative of results for a full year; accordingly, you should read these consolidated financial statements in conjunction with our consolidated financial statements and related notes included in our 2013 Form 10-K. | ||||||||
Our consolidated financial statements include our accounts and those of our majority-owned and controlled subsidiaries including the accounts of KMP, EPB and KMR. Investments in jointly-owned operations in which we hold a 50% or less interest (other than KMP, EPB and KMR, because we have the ability to exercise significant control over their operating and financial policies) are accounted for under the equity method. | ||||||||
Notwithstanding the consolidation of KMP and EPB, and their respective subsidiaries, into our financial statements, we are not liable for, and our assets are not available to satisfy, the obligations of KMP and EPB, and/or their respective subsidiaries, and vice versa, except as discussed in Note 10, “Litigation, Environmental and Other Contingencies — Other Contingencies.” Responsibility for payments of obligations reflected in our, KMP or EPB’s financial statements is a legal determination based on the entity that incurs the liability. | ||||||||
Goodwill | ||||||||
We evaluate goodwill for impairment on May 31 of each year. There were no impairment charges resulting from our May 31, 2013 impairment testing, and no event indicating an impairment has occurred subsequent to that date. | ||||||||
Earnings per Share | ||||||||
We calculate earnings per share using the two-class method. Earnings were allocated to Class P shares of common stock and to participating securities based on the amount of dividends paid in the current period plus an allocation of the undistributed earnings or excess distributions over earnings to the extent that each security participates in earnings or excess distributions over earnings. Our unvested restricted stock awards do not participate in excess distributions over earnings. For the three months ended March 31, 2014 and 2013, the following potential weighted-average Class P common shares are antidilutive and, accordingly, are excluded from the determination of diluted earnings per share; (i) 7 million and 2 million, respectively, related to unvested restricted stock awards; (ii) 341 million and 439 million, respectively, related to outstanding warrants to purchase our Class P shares; and (iii) 10 million for each period, related to convertible trust preferred securities. | ||||||||
The following table sets forth the allocation of net income available to shareholders for Class P shares and for participating securities for the three months ended March 31, 2014 and 2013 (in millions): | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2014 | 2013 | |||||||
Net Income Available to Shareholders | ||||||||
Class P | $ | 284 | $ | 291 | ||||
Participating securities(a) | 3 | 1 | ||||||
Net Income Attributable to Kinder Morgan, Inc. | $ | 287 | $ | 292 | ||||
_______ | ||||||||
(a) | Participating securities are unvested restricted stock awards issued to management employees that contain non-forfeitable rights to dividend equivalent payments. |
Acquisitions_and_Divestitures_
Acquisitions and Divestitures (Notes) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Acquisitions and Divestitures [Abstract] | ' | ||||
Acquisitions and Divestitures | ' | ||||
Acquisitions and Divestitures | |||||
Acquisitions | |||||
American Petroleum Tankers and State Class Tankers | |||||
Effective January 17, 2014, KMP acquired American Petroleum Tankers (APT) and State Class Tankers (SCT) for aggregate consideration of $960 million in cash, subject to purchase price adjustments (the APT acquisition). KMGP, as KMP’s general partner, has agreed to waive incentive distribution amounts of $13 million for 2014, $19 million for 2015 and $6 million for 2016 to facilitate the transaction. | |||||
APT is engaged in the marine transportation of crude oil, condensate and refined products in the U.S. domestic trade, commonly referred to as the Jones Act trade. APT’s primary assets consist of a fleet of five medium range Jones Act qualified product tankers, each with 330 MBbl of cargo capacity, and each operating pursuant to long-term time charters with high quality counterparties, including major integrated oil companies, major refiners and the U.S. Navy. The vessels’ time charters have an average remaining term of approximately four years, with renewal options to extend the initial terms by an average of two years. APT’s vessels are operated by Crowley Maritime Corporation. | |||||
SCT has commissioned the construction of four medium range Jones Act qualified product tankers, each with 330 MBbl of cargo capacity. The SCT vessels are scheduled to be delivered in 2015 and 2016 and are being constructed by General Dynamics’ NASSCO shipyard. KMP expects to invest approximately $214 million to complete the construction of the vessels. Upon delivery, the SCT vessels will be operated pursuant to long-term time charters with a major integrated oil company. Each of the time charters has an initial term of five years, with renewal options to extend the initial term by up to three years. The APT acquisition complements and extends KMP’s existing crude oil and refined products transportation business, and all of the acquired assets are included in the Terminals—KMP business segment. | |||||
As of March 31, 2014 , KMP’s preliminary purchase price allocation related to the APT acquisition, as adjusted to date, is as follows (in millions). The evaluation of the assigned fair values is ongoing and subject to adjustment. | |||||
Preliminary Purchase Price Allocation: | |||||
Current assets | $ | 2 | |||
Property, plant and equipment | 887 | ||||
Goodwill | 68 | ||||
Other assets | 3 | ||||
Total assets acquired | 960 | ||||
Cash consideration | $ | 960 | |||
The “Goodwill” intangible asset amount represents the future economic benefits expected to be derived from KMP’s acquisition that are not assignable to other individually identifiable, separately recognizable assets acquired. We believe the primary items that generated the goodwill are the value of the synergies created by expanding KMP’s non-pipeline liquids handling operations, and we expect the entire amount to be deductible for tax purposes. | |||||
Other | |||||
Effective May 1, 2013, KMP acquired all of Copano’s outstanding units for a total purchase price of approximately $5.2 billion (including assumed debt and all other assumed liabilities). The transaction was a 100% unit for unit transaction with an exchange ratio of 0.4563 of KMP’s common units for each Copano common unit. KMP issued 43,371,210 of its common units valued at $3,733 million as consideration for the Copano acquisition (based on the $86.08 closing market price of a common unit on the NYSE on the May 1, 2013 issuance date). | |||||
Our accounting policy is to apply the look-through method of recording deferred taxes on the outside book tax basis differences in our investments without regard to non-tax deductible goodwill. As a result of the goodwill recorded by KMP for its Copano acquisition, KMI’s deferred tax liability and goodwill were decreased by $260 million for the portion of its outside basis difference associated with KMP’s underlying goodwill. | |||||
Effective June 1, 2013, KMP acquired certain oil and gas properties, rights, and related assets located in the Goldsmith Landreth San Andres oil field unit in the Permian Basin of West Texas from Legado Resources LLC for an aggregate consideration of $298 million, consisting of $280 million in cash and assumed liabilities of $18 million (including $12 million of long-term asset retirement obligations). | |||||
For additional information about KMP’s Copano and Goldsmith Landreth acquisitions (including our preliminary purchase price allocations as of December 31, 2013), see Note 3 “Acquisitions and Divestitures—Business Combinations and Acquisitions of Investments” to our consolidated financial statements included in our 2013 Form 10-K. | |||||
Pro Forma Information | |||||
The following summarized unaudited pro forma consolidated income statement information for the three months ended March 31, 2013, assumes that KMP’s acquisitions of (i) APT, (ii) Copano and (iii) the Goldsmith Landreth oil field unit had occurred as of January 1, 2013. We prepared the following summarized unaudited pro forma financial results for comparative purposes only. The summarized unaudited pro forma financial results may not be indicative of the results that would have occurred if these acquisitions had been completed as of January 1, 2013, or the results that will be attained in the future. Amounts presented below are in millions, except for the per share amounts: | |||||
Pro Forma | |||||
Three Months Ended March 31, 2013 | |||||
(Unaudited) | |||||
Revenues | $ | 3,610 | |||
Income from Continuing Operations | 630 | ||||
Loss from Discontinued Operations, Net of Tax | (2 | ) | |||
Net Income | 628 | ||||
Net Income Attributable to Noncontrolling Interests | (356 | ) | |||
Net Income Attributable to Kinder Morgan, Inc. | 272 | ||||
Diluted Earnings per Class P Share | $ | 0.26 | |||
Divestitures | |||||
Express Pipeline System | |||||
Effective March 14, 2013, KMP sold both its one-third equity ownership interest in the Express pipeline system and its subordinated debenture investment in Express to Spectra Energy Corp. KMP received net cash proceeds of $402 million (after paying $1 million in the second quarter of 2013 for both a final working capital settlement and certain transaction related selling expenses), and we reported the $403 million in proceeds received in the first quarter of 2013 within “Proceeds from sales of investments” within the investing section of our accompanying consolidated statement of cash flows. Additionally, we recognized a combined $225 million pre-tax gain with respect to this sale in the first quarter of 2013, and we reported this gain amount separately as “Gain on sale of investments in Express pipeline system” on our accompanying consolidated statement of income. We also recorded an income tax expense of $84 million related to this gain on sale for the three month period, and we included this expense within “Income Tax Expense.” As of the date of sale, KMP’s equity investment in Express totaled $67 million and its note receivable due from Express totaled $110 million. | |||||
BBPP Holdings Ltda | |||||
On January 18, 2013, we completed the sale of our equity interests in the Bolivia to Brazil Pipeline for $88 million, which amount is included in “Proceeds from sale of investments” within the investing section of our accompanying consolidated statement of cash flows. | |||||
KMP’s FTC Natural Gas Pipelines Disposal Group – Discontinued Operations | |||||
As discussed in our 2013 Form 10-K, we sold KMP’s FTC Natural Gas Pipelines disposal group to Tallgrass Energy Partners, LP (now known as Tallgrass Development, LP) (Tallgrass) effective November 1, 2012. KMP and Tallgrass trued up the final consideration for the sale of KMP’s FTC Natural Gas Pipelines disposal group in the first quarter of 2013, and based on this true up, we recognized an additional $2 million loss. | |||||
Subsequent Event—Drop-down of Assets to EPB | |||||
On April 28, 2014, EPB announced that it will acquire from us our 50% interest in Ruby Pipeline, our 50% interest in Gulf LNG and our 47.5% interest in Young Gas Storage in May 2014. The terms of this drop-down transaction were approved on our behalf by the independent members of our board of directors and on EPB’s behalf by its general partner's board of directors following the receipt of separate fairness opinions from different investment banks. |
Debt_Debt_Disclosure_Notes
Debt Debt Disclosure (Notes) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
Debt | |||||||||
We classify our debt based on the contractual maturity dates of the underlying debt instruments. We defer costs associated with debt issuance over the applicable term. These costs are then amortized as interest expense in our accompanying consolidated statements of income using the effective interest rate method. The following table provides detail on the principal amount of our outstanding debt balances as of March 31, 2014 and December 31, 2013. The table amounts exclude all debt fair value adjustments, including debt discounts and premiums (in millions). | |||||||||
March 31, 2014 | December 31, 2013 | ||||||||
KMI | |||||||||
Senior term loan facility, variable rate, due May 24, 2015 | $ | 1,528 | $ | 1,528 | |||||
Senior notes and debentures, 5.00% through 7.45%, due 2015 through 2098 | 1,815 | 1,815 | |||||||
Credit facility due December 31, 2014(a) | 410 | 175 | |||||||
Subsidiary borrowings (as obligor) | |||||||||
Kinder Morgan Finance Company, LLC, senior notes, 5.70% through 6.40%, due 2016 through 2036 | 1,636 | 1,636 | |||||||
El Paso, senior notes, 6.50% through 8.25%, due 2014 through 2037 | 3,830 | 3,830 | |||||||
EPC Building, LLC, promissory note, 3.967%, due 2014 through 2035 | 459 | 461 | |||||||
EP preferred securities, 4.75%, due March 31, 2028 | 280 | 280 | |||||||
Other miscellaneous subsidiary debt | 138 | 221 | |||||||
Total debt — KMI | 10,096 | 9,946 | |||||||
Less: Current portion of debt — KMI | (1,128 | ) | (725 | ) | |||||
Total long-term debt outstanding — KMI | 8,968 | 9,221 | |||||||
KMGP, $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock | 100 | 100 | |||||||
Total long-term debt — KMI(b) | $ | 9,068 | $ | 9,321 | |||||
KMP and EPB | |||||||||
KMP | |||||||||
Senior notes, 2.65% through 9.00%, due 2014 through 2044 | $ | 17,100 | $ | 15,600 | |||||
Commercial paper borrowings(c) | 419 | 979 | |||||||
Credit facility due May 1, 2018 | — | — | |||||||
KMP subsidiary borrowings (as obligor) | |||||||||
TGP senior notes, 7.00% through 8.375%, due 2016 through 2037 | 1,790 | 1,790 | |||||||
EPNG senior notes, 5.95% through 8.625%, due 2017 through 2032 | 1,115 | 1,115 | |||||||
Copano senior notes, 7.125%, due April 1, 2021 | 332 | 332 | |||||||
Other miscellaneous subsidiary debt | 97 | 98 | |||||||
Total debt — KMP | 20,853 | 19,914 | |||||||
Less: Current portion of debt — KMP(d) | (1,243 | ) | (1,504 | ) | |||||
Total long-term debt — KMP(b) | 19,610 | 18,410 | |||||||
EPB | |||||||||
EPPOC | |||||||||
Senior notes, 4.10% through 7.50%, due 2015 through 2042 | 2,260 | 2,260 | |||||||
Credit facility due May 27, 2016(e) | — | — | |||||||
EPB subsidiary borrowings (as obligor) | |||||||||
Colorado Interstate Gas Company, L.L.C. (CIG), senior notes, 5.95% through 6.85%, due 2015 through 2037 | 475 | 475 | |||||||
SLNG senior notes, 9.50% through 9.75%, due 2014 through 2016 | 64 | 135 | |||||||
SNG notes, 4.40% through 8.00%, due 2017 through 2032 | 1,211 | 1,211 | |||||||
Other financing obligations | 183 | 175 | |||||||
Total debt — EPB | 4,193 | 4,256 | |||||||
Less: Current portion of debt — EPB | (41 | ) | (77 | ) | |||||
Total long-term debt — EPB(b) | 4,152 | 4,179 | |||||||
Total long-term debt outstanding — KMP and EPB | $ | 23,762 | $ | 22,589 | |||||
_______ | |||||||||
(a) | As of March 31, 2014 and December 31, 2013, the weighted average interest rates on KMI’s credit facility borrowings were 2.66% and 2.67%, respectively. | ||||||||
(b) | Excludes debt fair value adjustments. As of March 31, 2014 and December 31, 2013, our “Debt fair value adjustments” increased our combined debt balances by $1,969 million and $1,977 million, respectively. In addition to all unamortized debt discount/premium amounts and purchase accounting on our debt balances, our debt fair value adjustments also include (i) amounts associated with the offsetting entry for hedged debt; and (ii) any unamortized portion of proceeds received from the early termination of interest rate swap agreements. For further information about our debt fair value adjustments, see Note 5 “Risk Management—Debt Fair Value Adjustments.” | ||||||||
(c) | As of March 31, 2014 and December 31, 2013, the average interest rates on KMP’s outstanding commercial paper borrowings were 0.26% and 0.28%, respectively. The borrowings under KMP’s commercial paper program were used principally to finance the acquisitions and capital expansions made during the first three months of 2014, and in the near term, KMP expects that its short-term liquidity and financing needs will be met primarily through borrowings made under its commercial paper program. | ||||||||
(d) | Amounts include outstanding commercial paper borrowings discussed above in footnote (c). | ||||||||
(e) | LIBOR plus 1.75%. | ||||||||
Credit Facilities | |||||||||
KMI | |||||||||
As of March 31, 2014, we had $410 million outstanding under KMI’s $1.75 billion senior secured credit facility and $75 million in letters of credit. Our availability under this facility as of March 31, 2014 was approximately $1,265 million. | |||||||||
KMP | |||||||||
As of both March 31, 2014 and December 31, 2013, KMP had no borrowings under its $2.7 billion five-year senior unsecured revolving credit facility maturing May 1, 2018. Borrowings under KMP’s revolving credit facility can be used for general partnership purposes and as a backup for KMP’s commercial paper program. Similarly, KMP’s borrowings under its commercial paper program reduce the borrowings allowed under its credit facility. | |||||||||
As of March 31, 2014, KMP had $419 million of commercial paper borrowings outstanding under its $2.7 billion credit facility and $202 million in letters of credit. KMP’s availability under its credit facility as of March 31, 2014 was $2,079 million. | |||||||||
EPB | |||||||||
As of March 31, 2014, EPB had no outstanding balance under its revolving credit facility. EPB’s availability under its facility as of March 31, 2014 was approximately $1 billion. | |||||||||
Changes in Debt | |||||||||
On January 15, 2014, in anticipation of the APT acquisition, KMP entered into a short-term unsecured liquidity facility with KMP as borrower, and UBS as administrative agent. This liquidity facility provided for borrowings of up to $1.0 billion from a syndicate of financial institutions and was scheduled to mature on July 15, 2014. Additionally, in conjunction with the establishment of this liquidity facility, KMP increased its commercial paper program to provide for the issuance of up to $3.7 billion (up from $2.7 billion). KMP made no borrowings under this liquidity facility, and after receiving the cash proceeds from both its February 2014 public offering of senior notes (described following) and its February 2014 public offering of common units (described in Note 4 “Stockholder’s Equity—Noncontrolling Interests—Contributions”), KMP terminated the liquidity facility and decreased its commercial paper program to again provide for the issuance of up to $2.7 billion. | |||||||||
On February 24, 2014, KMP completed a public offering of a total $1.5 billion in principal amount of senior notes in two separate series. KMP received net proceeds of $743 million from the offering of $750 million in principal amount of 3.50% senior notes due March 1, 2021, and $739 million from the offering of $750 million in principal amount of 5.50% senior notes due March 1, 2044. KMP used the proceeds from its February 2014 debt offering to reduce the borrowings under its commercial paper program (by reducing the incremental commercial paper borrowings KMP made in January 2014 to fund its APT acquisition). | |||||||||
In February 2014, SLNG repaid $71 million of 9.50% senior notes. | |||||||||
Kinder Morgan G.P., Inc. Preferred Shares | |||||||||
The following table provides information about KMGP’s per share distributions on 100,000 shares of its Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock: | |||||||||
Three Months Ended March 31, | |||||||||
2014 | 2013 | ||||||||
Per share cash distribution declared for the period(a) | $ | 10.333 | $ | 10.469 | |||||
Per share cash distribution paid in the period | $ | 10.57 | $ | 10.638 | |||||
_______ | |||||||||
(a) | On April 16, 2014, KMGP declared a distribution for the three months ended March 31, 2014, of $10.333 per share, which will be paid on May 19, 2014 to shareholders of record as of April 30, 2014. | ||||||||
Subsequent Events | |||||||||
On April 29, 2014, EPB priced in a public offering $600 million of 4.30% senior notes due May 1, 2024. |
Stockholders_Equity_Stockholde
Stockholders' Equity Stockholders' Equity (Notes) | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Stockholders' Equity Attributable to Parent [Abstract] | ' | ||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||
Stockholders’ Equity | |||||||||||
Common Equity | |||||||||||
As of March 31, 2014, our common equity consisted of our Class P common stock. For additional information regarding our common stock, see Note 10 “Stockholders’ Equity” to our consolidated financial statements included in our 2013 | |||||||||||
Form 10-K. | |||||||||||
On October 16, 2013, we announced that our board of directors had approved a share and warrant repurchase program authorizing us to repurchase in the aggregate up to $250 million of additional shares or warrants, which purchase was completed as of March 2014. On March 4, 2014 we announced that our board of directors had approved an additional share and warrant repurchase program authorizing us to repurchase in the aggregate up to $100 million of additional shares or warrants. As of March 31, 2014, we had $45 million of repurchases remaining. | |||||||||||
The following tables set forth the changes in our outstanding shares during the three months ended March 31, 2014 and 2013. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Beginning balance | 1,030,677,076 | 1,035,668,596 | |||||||||
Shares repurchased and canceled | (2,780,337 | ) | — | ||||||||
Shares issued with conversions of EP Trust I Preferred securities | 933 | 55,319 | |||||||||
Restricted shares vested | 6,500 | 7,905 | |||||||||
Ending balance | 1,027,904,172 | 1,035,731,820 | |||||||||
Dividends | |||||||||||
Holders of our common stock share equally in any dividend declared by our board of directors, subject to the rights of the holders of any outstanding preferred stock. The following table provides information about our per share dividends. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Per common share cash dividend declared for the period | $ | 0.42 | $ | 0.38 | |||||||
Per common share cash dividend paid in the period | $ | 0.41 | $ | 0.37 | |||||||
Dividends Subsequent to March 31, 2014 | |||||||||||
On April 16, 2014, our board of directors declared a cash dividend of $0.42 per share for the quarterly period ended March 31, 2014, which is payable on May 16, 2014 to shareholders of record as of April 30, 2014. | |||||||||||
Warrants | |||||||||||
Each of our warrants entitles the holder to purchase one share of our common stock for an exercise price of $40 per share, payable in cash or by cashless exercise, at any time until May 25, 2017. For additional information regarding our warrants, see Note 10 “Stockholders’ Equity” to our consolidated financial statements included in our 2013 Form 10-K. | |||||||||||
The table below sets forth the changes in our outstanding warrants during the three months ended March 31, 2014 and 2013. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Beginning balance | 347,933,107 | 439,809,442 | |||||||||
Warrants repurchased and canceled | (31,045,227 | ) | (16,969,361 | ) | |||||||
Warrants issued with conversions of EP Trust I Preferred securities | 1,430 | 84,556 | |||||||||
Ending balance | 316,889,310 | 422,924,637 | |||||||||
Noncontrolling Interests | |||||||||||
The caption “Noncontrolling interests” in our accompanying consolidated balance sheets consists of interests that we do not own in the following subsidiaries (in millions): | |||||||||||
March 31, | December 31, | ||||||||||
2014 | 2013 | ||||||||||
KMP | $ | 7,995 | $ | 7,642 | |||||||
EPB | 4,147 | 4,122 | |||||||||
KMR | 3,183 | 3,142 | |||||||||
Other | 309 | 286 | |||||||||
$ | 15,634 | $ | 15,192 | ||||||||
Contributions | |||||||||||
Contributions from our noncontrolling interests consist primarily of equity issuances by KMP, EPB and KMR. As of March 31, 2014, each of these subsidiaries has an equity distribution agreement in place which allows the subsidiary to sell its equity interests from time to time through a designated sales agent. The terms of each agreement are substantially similar. Sales of the subsidiary’s equity interests will be made by means of ordinary brokers’ transactions on the NYSE at market prices, in block transactions or as otherwise agreed between the subsidiary equity issuer and its sales agent. The subsidiary equity issuer may also sell its equity interests to its sales agent as principal for the sales agent’s own account at a price agreed upon at the time of the sale. Any sale of the subsidiary’s equity interests to the sales agent as principal would be pursuant to the terms of a separate agreement between the subsidiary equity issuer and its sales agent. The equity distribution agreement provides the subsidiary with the right, but not the obligation to offer and sell its equity units or shares, at prices to be determined by market conditions. The subsidiary retains at all times complete control over the amount and the timing of sales under its respective equity distribution agreement, and it will designate the maximum number of equity units or shares to be sold through its sales agent, on a daily basis or otherwise as the subsidiary equity issuer and its sales agent agree. | |||||||||||
The table below shows significant issuances to the public of common units or shares, the net proceeds from the issuances and the use of the proceeds during the three months ended March 31, 2014 for KMP, EPB and KMR (dollars in millions and units and shares in thousands). | |||||||||||
Issuances | Common units/shares | Net proceeds | Use of proceeds | ||||||||
(in thousands) | (in millions) | ||||||||||
KMP | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 198 | $ | 16 | Reduced borrowings under KMP's commercial paper program | |||||||
Other issuances | |||||||||||
Feb-14 | 7,935 | $ | 603 | Reduced borrowings under KMP's commercial paper program that were used to fund KMP's APT acquisition in January 2014 | |||||||
EPB | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 1,166 | $ | 35 | General partnership purposes | |||||||
KMR | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 76 | $ | 6 | Purchased additional KMP i-units; KMP then used proceeds to reduce borrowings under its commercial paper program | |||||||
The above equity issuances by KMP, EPB and KMR during the three months ended March 31, 2014 had the associated effects of increasing our (i) noncontrolling interests by $639 million; (ii) accumulated deferred income taxes by $8 million; and (iii) additional paid-in capital by $13 million. | |||||||||||
Noncontrolling Interests Contributions Subsequent to March 31, 2014 | |||||||||||
In connection with EPB’s announced agreement to acquire certain assets from us, on April 29, 2014, EPB priced in a public offering, 7,820,000 of its common units, including the exercise of an underwriters’ overallotment option, at a price of $30.99 per unit, net of commissions and underwriting expenses. See Note 2 “Acquisitions and Divestitures—Subsequent Event—Drop-down of Assets to EPB” for additional information on the drop-down transaction. | |||||||||||
Distributions | |||||||||||
The following table provides information about distributions from our noncontrolling interests (in millions except per unit distribution amounts): | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
KMP | |||||||||||
Per unit cash distribution declared for the period | $ | 1.38 | $ | 1.3 | |||||||
Per unit cash distribution paid in the period | $ | 1.36 | $ | 1.29 | |||||||
Cash distributions paid in the period to the public | $ | 395 | $ | 299 | |||||||
EPB | |||||||||||
Per unit cash distribution declared for the period | $ | 0.65 | $ | 0.62 | |||||||
Per unit cash distribution paid in the period | $ | 0.65 | $ | 0.61 | |||||||
Cash distributions paid in the period to the public | $ | 83 | $ | 76 | |||||||
KMR(a) | |||||||||||
Share distributions paid in the period to the public | $ | 1,952,970 | $ | 1,570,118 | |||||||
_______ | |||||||||||
(a) | KMR’s distributions are paid in the form of additional shares or fractions thereof calculated by dividing the KMP cash distribution per common unit by the average of the market closing prices of a KMR share determined for a ten-trading day period ending on the trading day immediately prior to the ex-dividend date for the shares. Represents share distributions made in the period to noncontrolling interests and excludes 284,288 and 234,478 of shares distributed in the three months ended March 31, 2014 and 2013, respectively, on KMR shares we directly and indirectly own. On April 16, 2014, KMR declared a share distribution of 0.018700 shares per outstanding share (2,386,814 total shares) payable on May 15, 2014 to shareholders of record as of April 30, 2014, based on the $1.38 per common unit distribution declared by KMP. | ||||||||||
Distributions Subsequent to March 31, 2014 | |||||||||||
Noncontrolling Interests Distributions | |||||||||||
On April 16, 2014, KMP declared a cash distribution of $1.38 per unit for the quarterly period ended March 31, 2014. The distribution will be paid on May 15, 2014 to KMP’s unitholders of record as of April 30, 2014. | |||||||||||
On April 16, 2014, EPB declared a cash distribution of $0.65 per unit for the quarterly period ended March 31, 2014. The distribution will be paid on May 15, 2014 to EPB’s unitholders of record as of April 30, 2014. |
Risk_Management_Notes
Risk Management (Notes) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Risk Management | ' | ||||||||||||||||||||||||||||
Risk Management | |||||||||||||||||||||||||||||
Certain of our business activities expose us to risks associated with unfavorable changes in the market price of natural gas, NGL and crude oil. We also have exposure to interest rate risk as a result of the issuance of our debt obligations. Pursuant to our management’s approved risk management policy, we use derivative contracts to hedge or reduce our exposure to certain of these risks. | |||||||||||||||||||||||||||||
As part of the EP acquisition, we acquired power forward and swap contracts. We have entered into offsetting positions that eliminate the price risks associated with our power contracts. As part of the May 1, 2013 Copano acquisition, KMP acquired derivative contracts related to natural gas, NGL and crude oil. None of these derivatives are designated as accounting hedges. | |||||||||||||||||||||||||||||
Energy Commodity Price Risk Management | |||||||||||||||||||||||||||||
As of March 31, 2014, KMI and KMP had entered into the following outstanding commodity forward contracts to hedge their forecasted energy commodity purchases and sales: | |||||||||||||||||||||||||||||
Net open position long/(short) | |||||||||||||||||||||||||||||
Derivatives designated as hedging contracts | |||||||||||||||||||||||||||||
Crude oil fixed price | -24 | MMBbl | |||||||||||||||||||||||||||
Natural gas fixed price | -23 | Bcf | |||||||||||||||||||||||||||
Natural gas basis | -23 | Bcf | |||||||||||||||||||||||||||
Derivatives not designated as hedging contracts | |||||||||||||||||||||||||||||
Crude oil fixed price | -0.7 | MMBbl | |||||||||||||||||||||||||||
Crude oil basis | -0.7 | MMBbl | |||||||||||||||||||||||||||
Natural gas fixed price | -13.1 | Bcf | |||||||||||||||||||||||||||
Natural gas basis | -8.3 | Bcf | |||||||||||||||||||||||||||
NGL fixed price | -1 | MMBbl | |||||||||||||||||||||||||||
As of March 31, 2014, the maximum length of time over which we have hedged our exposure to the variability in future cash flows associated with energy commodity price risk is through December 2018. | |||||||||||||||||||||||||||||
Interest Rate Risk Management | |||||||||||||||||||||||||||||
As of March 31, 2014, KMI and KMP had a combined notional principal amount of $725 million and $5,175 million, respectively, of fixed-to-variable interest rate swap agreements, effectively converting the interest expense associated with certain series of senior notes from fixed rates to variable rates based on an interest rate of LIBOR plus a spread. All of KMI and KMP’s swap agreements have termination dates that correspond to the maturity dates of the related series of senior notes and, as of March 31, 2014, the maximum length of time over which we have hedged a portion of our exposure to the variability in the value of this debt due to interest rate risk is through March 15, 2035. | |||||||||||||||||||||||||||||
As of December 31, 2013, KMI and KMP had a combined notional principal amount of $725 million and $4,675 million, respectively, of fixed-to-variable interest rate swap agreements. In February 2014, KMP entered into four separate fixed-to-variable interest rate swap agreements having a combined notional principal amount of $500 million. These agreements effectively convert a portion of the interest expense associated with KMP’s 3.50% senior notes due March 1, 2021, from a fixed rate to a variable rate based on an interest rate of LIBOR plus a spread. | |||||||||||||||||||||||||||||
Fair Value of Derivative Contracts | |||||||||||||||||||||||||||||
The following table summarizes the fair values of our derivative contracts included in our accompanying consolidated balance sheets as of March 31, 2014 and December 31, 2013 (in millions): | |||||||||||||||||||||||||||||
Fair Value of Derivative Contracts | |||||||||||||||||||||||||||||
Asset derivatives | Liability derivatives | ||||||||||||||||||||||||||||
March 31, | December 31, | March 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Balance sheet location | Fair value | Fair value | Fair value | Fair value | |||||||||||||||||||||||||
Derivatives designated as hedging contracts | |||||||||||||||||||||||||||||
Natural gas and crude derivative contracts | Other current assets/(Other current liabilities) | $ | 13 | $ | 18 | $ | (51 | ) | $ | (33 | ) | ||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 22 | 58 | (13 | ) | (30 | ) | |||||||||||||||||||||||
Subtotal | 35 | 76 | (64 | ) | (63 | ) | |||||||||||||||||||||||
Interest rate swap agreements | Other current assets/(Other current liabilities) | 122 | 87 | — | — | ||||||||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 170 | 172 | (94 | ) | (116 | ) | |||||||||||||||||||||||
Subtotal | 292 | 259 | (94 | ) | (116 | ) | |||||||||||||||||||||||
Total | 327 | 335 | (158 | ) | (179 | ) | |||||||||||||||||||||||
Derivatives not designated as hedging contracts | |||||||||||||||||||||||||||||
Natural gas, crude and NGL derivative contracts | Other current assets/(Other current liabilities) | 6 | 4 | (9 | ) | (5 | ) | ||||||||||||||||||||||
Subtotal | 6 | 4 | (9 | ) | (5 | ) | |||||||||||||||||||||||
Power derivative contracts | Other current assets/(Other current liabilities) | 2 | 7 | (49 | ) | (54 | ) | ||||||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 8 | 11 | (58 | ) | (73 | ) | |||||||||||||||||||||||
Subtotal | 10 | 18 | (107 | ) | (127 | ) | |||||||||||||||||||||||
Total | 16 | 22 | (116 | ) | (132 | ) | |||||||||||||||||||||||
Total derivatives | $ | 343 | $ | 357 | $ | (274 | ) | $ | (311 | ) | |||||||||||||||||||
Debt Fair Value Adjustments | |||||||||||||||||||||||||||||
The offsetting entry to adjust the carrying value of the debt securities whose fair value was being hedged is included within “Debt fair value adjustments” on our accompanying consolidated balance sheets. Our “Debt fair value adjustments” also include all unamortized debt discount/premium amounts, purchase accounting on our debt balances, and any unamortized portion of proceeds received from the early termination of interest rate swap agreements. As of March 31, 2014 and December 31, 2013, these fair value adjustments to our debt balances included (i) $1,340 million and $1,379 million, respectively, associated with fair value adjustments to our debt previously recorded in purchase accounting; (ii) $198 million and $143 million, respectively, associated with the offsetting entry for hedged debt; (iii) $501 million and $517 million, respectively, associated with unamortized premium from the termination of interest rate swap agreements; and offset by (iv) $70 million and $62 million, respectively, associated with unamortized debt discount amounts. As of March 31, 2014, the weighted-average amortization period of the unamortized premium from the termination of the interest rate swaps was approximately 16 years. | |||||||||||||||||||||||||||||
Effect of Derivative Contracts on the Income Statement | |||||||||||||||||||||||||||||
The following three tables summarize the impact of our derivative contracts on our accompanying consolidated statements of income for each of the three months ended March 31, 2014 and 2013 (in millions): | |||||||||||||||||||||||||||||
Derivatives in fair value hedging relationships | Location of gain/(loss) recognized in income on derivatives | Amount of gain/(loss) recognized in income | |||||||||||||||||||||||||||
on derivatives and related hedged item(a) | |||||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Interest rate swap agreements | Interest expense | $ | 55 | $ | (88 | ) | |||||||||||||||||||||||
Total | $ | 55 | $ | (88 | ) | ||||||||||||||||||||||||
Fixed rate debt | Interest expense | $ | (55 | ) | $ | 88 | |||||||||||||||||||||||
Total | $ | (55 | ) | $ | 88 | ||||||||||||||||||||||||
_______ | |||||||||||||||||||||||||||||
(a) | Amounts reflect the change in the fair value of interest rate swap agreements and the change in the fair value of the associated fixed rate debt which exactly offset each other as a result of no hedge ineffectiveness. | ||||||||||||||||||||||||||||
Derivatives | Amount of gain/(loss) | Location of | Amount of gain/(loss) reclassified from | Location of | Amount of gain/(loss) | ||||||||||||||||||||||||
in cash flow | recognized in OCI | gain/(loss) | Accumulated OCI | gain/(loss) | recognized in income | ||||||||||||||||||||||||
hedging | on derivative(effective portion)(a) | reclassified from | into income | recognized in | on derivative | ||||||||||||||||||||||||
relationships | Accumulated OCI | (effective portion)(b) | income on | (ineffective portion | |||||||||||||||||||||||||
into income | derivative | and amount | |||||||||||||||||||||||||||
(effective | (ineffective | excluded from | |||||||||||||||||||||||||||
portion) | portion | effectiveness testing) | |||||||||||||||||||||||||||
and amount | |||||||||||||||||||||||||||||
excluded from | |||||||||||||||||||||||||||||
effectiveness | |||||||||||||||||||||||||||||
testing) | |||||||||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Energy commodity | $ | (43 | ) | $ | (32 | ) | Revenues—Natural | $ | (9 | ) | $ | — | Revenues—Natural | $ | — | $ | — | ||||||||||||
derivative contracts | gas sales | gas sales | |||||||||||||||||||||||||||
Revenues—Product | (6 | ) | 5 | Revenues—Product | (5 | ) | (3 | ) | |||||||||||||||||||||
sales and other | sales and other | ||||||||||||||||||||||||||||
Costs of sales | 1 | — | Costs of sales | — | — | ||||||||||||||||||||||||
Interest rate swap | (2 | ) | 1 | Interest expense | — | 1 | Interest expense | — | — | ||||||||||||||||||||
agreements | |||||||||||||||||||||||||||||
Total | $ | (45 | ) | $ | (31 | ) | Total | $ | (14 | ) | $ | 6 | Total | $ | (5 | ) | $ | (3 | ) | ||||||||||
_______ | |||||||||||||||||||||||||||||
(a) | We expect to reclassify an approximate $15 million loss associated with energy commodity price risk management activities and included in our accumulated other comprehensive loss and noncontrolling interest balances as of March 31, 2014 into earnings during the next twelve months (when the associated forecasted sales and purchases are also expected to occur), however, actual amounts reclassified into earnings could vary materially as a result of changes in market prices. | ||||||||||||||||||||||||||||
(b) | Amounts reclassified were the result of the hedged forecasted transactions actually affecting earnings (i.e., when the forecasted sales and purchases actually occurred). | ||||||||||||||||||||||||||||
Derivatives not designated as accounting hedges | Location of gain/(loss) recognized in income on derivatives | Amount of gain/(loss) recognized in income on derivatives | |||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts | Revenues—Natural gas sales | $ | (7 | ) | $ | 1 | |||||||||||||||||||||||
Revenues—Product sales and other | (1 | ) | 2 | ||||||||||||||||||||||||||
Costs of sales | 10 | — | |||||||||||||||||||||||||||
Other expense(income) | (2 | ) | — | ||||||||||||||||||||||||||
Total | $ | — | $ | 3 | |||||||||||||||||||||||||
Credit Risks | |||||||||||||||||||||||||||||
We and our subsidiary, KMP, have counterparty credit risk as a result of our use of financial derivative contracts. Our counterparties consist primarily of financial institutions, major energy companies, natural gas and electric utilities, and local distribution companies. This concentration of counterparties may impact our overall exposure to credit risk, either positively or negatively, in that the counterparties may be similarly affected by changes in economic, regulatory or other conditions. | |||||||||||||||||||||||||||||
We maintain credit policies with regard to our counterparties that we believe minimize our overall credit risk. These policies include (i) an evaluation of potential counterparties’ financial condition (including credit ratings); (ii) collateral requirements under certain circumstances; and (iii) the use of standardized agreements which allow for netting of positive and negative exposure associated with a single counterparty. Based on our policies, exposure, credit and other reserves, our management does not anticipate a material adverse effect on our financial position, results of operations, or cash flows as a result of counterparty performance. | |||||||||||||||||||||||||||||
Our OTC swaps and options are entered into with counterparties outside central trading organizations such as futures, options or stock exchanges. These contracts are with a number of parties, all of which have investment grade credit ratings. While we enter into derivative transactions with investment grade counterparties and actively monitor their ratings, it is nevertheless possible that from time to time losses will result from counterparty credit risk in the future. | |||||||||||||||||||||||||||||
In conjunction with the purchase of exchange-traded derivative contracts or when the market value of our derivative contracts with specific counterparties exceeds established limits, we are required to provide collateral to our counterparties, which may include posting letters of credit or placing cash in margin accounts. As of both March 31, 2014 and December 31, 2013, KMP had no outstanding letters of credit supporting its hedging of energy commodity price risks associated with the sale of natural gas, NGL and crude oil. As of both March 31, 2014 and December 31, 2013, KMI had $167 million of outstanding letters of credit supporting its commodity price risks associated with the sale of natural gas and power. | |||||||||||||||||||||||||||||
KMP and KMI also have agreements with certain counterparties to their derivative contracts that contain provisions requiring us to post additional collateral upon a decrease in their credit rating. As of March 31, 2014, we estimate that if KMP’s credit rating was downgraded one notch, KMP would be required to post no additional collateral to its counterparties. If KMP was downgraded two notches (that is, below investment grade), KMP would be required to post $25 million of incremental collateral. As of March 31, 2014, we estimate that if KMI’s credit rating was downgraded one or two notches, KMI would be required to post no additional collateral to its counterparties. | |||||||||||||||||||||||||||||
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income | |||||||||||||||||||||||||||||
Cumulative revenues, expenses, gains and losses that under GAAP are included within our comprehensive income but excluded from our earnings are reported as “Accumulated other comprehensive loss” within “Stockholders’ Equity” in our consolidated balance sheets. Changes in the components of our “Accumulated other comprehensive loss” for the three months ended March 31, 2014 and 2013 are summarized as follows (in millions): | |||||||||||||||||||||||||||||
Net unrealized | Foreign | Pension and | Total | ||||||||||||||||||||||||||
gains/(losses) | currency | other | accumulated other | ||||||||||||||||||||||||||
on cash flow | translation | postretirement | comprehensive loss | ||||||||||||||||||||||||||
hedge derivatives | adjustments | liability adjustments | |||||||||||||||||||||||||||
Balance as of December 31, 2013 | $ | (3 | ) | $ | 2 | $ | (23 | ) | $ | (24 | ) | ||||||||||||||||||
Other comprehensive loss before reclassifications | (19 | ) | (25 | ) | — | (44 | ) | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | 6 | — | — | 6 | |||||||||||||||||||||||||
Net current-period other comprehensive loss | (13 | ) | (25 | ) | — | (38 | ) | ||||||||||||||||||||||
Balance as of March 31, 2014 | $ | (16 | ) | $ | (23 | ) | $ | (23 | ) | $ | (62 | ) | |||||||||||||||||
Net unrealized | Foreign | Pension and | Total | ||||||||||||||||||||||||||
gains/(losses) | currency | other | accumulated other | ||||||||||||||||||||||||||
on cash flow | translation | postretirement | comprehensive | ||||||||||||||||||||||||||
hedge derivatives | adjustments | liability adjustments | loss | ||||||||||||||||||||||||||
Balance as of December 31, 2012 | $ | 7 | $ | 51 | $ | (176 | ) | $ | (118 | ) | |||||||||||||||||||
Other comprehensive loss before reclassifications | (16 | ) | (17 | ) | (1 | ) | (34 | ) | |||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | (4 | ) | — | — | (4 | ) | |||||||||||||||||||||||
Net current-period other comprehensive loss | (20 | ) | (17 | ) | (1 | ) | (38 | ) | |||||||||||||||||||||
Balance as of March 31, 2013 | $ | (13 | ) | $ | 34 | $ | (177 | ) | $ | (156 | ) | ||||||||||||||||||
Fair_Value_Notes
Fair Value (Notes) | 3 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||
Fair Value | ' | |||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||
The fair values of our financial instruments are separated into three broad levels (Levels 1, 2 and 3) based on our assessment of the availability of observable market data and the significance of non-observable data used to determine fair value. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. | ||||||||||||||||||||||||||||
The three broad levels of inputs defined by the fair value hierarchy are as follows: | ||||||||||||||||||||||||||||
• | Level 1 Inputs—quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; | |||||||||||||||||||||||||||
• | Level 2 Inputs—inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability; and | |||||||||||||||||||||||||||
• | Level 3 Inputs—unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data). | |||||||||||||||||||||||||||
Fair Value of Derivative Contracts | ||||||||||||||||||||||||||||
The following two tables summarize the fair value measurements of our (i) energy commodity derivative contracts; and (ii) interest rate swap agreements as of March 31, 2014 and December 31, 2013, based on the three levels established by the Codification. Also, certain of our derivative contracts are subject to master netting agreements. The following tables present our derivative contracts subject to such netting agreements as of March 31, 2014 and December 31, 2013 (in millions): | ||||||||||||||||||||||||||||
Balance Sheet asset | Amounts not offset in the Balance Sheet | Net Amount | ||||||||||||||||||||||||||
fair value measurements using | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Gross Amount | Financial Instruments | Cash Collateral Held(b) | |||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | 6 | $ | 29 | $ | 16 | $ | 51 | $ | (40 | ) | $ | — | $ | 11 | |||||||||||||
Interest rate swap agreements | $ | — | $ | 292 | $ | — | $ | 292 | $ | (44 | ) | $ | — | $ | 248 | |||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | 4 | $ | 46 | $ | 48 | $ | 98 | $ | (62 | ) | $ | — | $ | 36 | |||||||||||||
Interest rate swap agreements | $ | — | $ | 259 | $ | — | $ | 259 | $ | (28 | ) | $ | — | $ | 231 | |||||||||||||
Balance Sheet liability | Amounts not offset in the Balance Sheet | Net Amount | ||||||||||||||||||||||||||
fair value measurements using | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Gross Amount | Financial Instruments | Cash Collateral Held(c) | |||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | (14 | ) | $ | (50 | ) | $ | (116 | ) | $ | (180 | ) | $ | 40 | $ | 22 | $ | (118 | ) | |||||||||
Interest rate swap agreements | $ | — | $ | (94 | ) | $ | — | $ | (94 | ) | $ | 44 | $ | — | $ | (50 | ) | |||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | (6 | ) | $ | (31 | ) | $ | (158 | ) | $ | (195 | ) | $ | 62 | $ | 17 | $ | (116 | ) | |||||||||
Interest rate swap agreements | $ | — | $ | (116 | ) | $ | — | $ | (116 | ) | $ | 28 | $ | — | $ | (88 | ) | |||||||||||
_______ | ||||||||||||||||||||||||||||
(a) | Level 1 consists primarily of New York Mercantile Exchange natural gas futures. Level 2 consists primarily of OTC WTI swaps. Level 3 consists primarily of WTI options, WTI basis swaps, NGL options, NGL swaps and power derivative contracts. | |||||||||||||||||||||||||||
(b) | Cash margin deposits held by KMP associated with its energy commodity contract positions and OTC swap agreements and reported within “Other current liabilities” in our accompanying consolidated balance sheets. | |||||||||||||||||||||||||||
(c) | Cash margin deposits posted by KMP associated with energy commodity contract positions and OTC swap agreements and reported within “Other current assets” in our accompanying consolidated balance sheets. | |||||||||||||||||||||||||||
The table below provides a summary of changes in the fair value of our Level 3 energy commodity derivative contracts for each of the three months ended March 31, 2014 and 2013 (in millions): | ||||||||||||||||||||||||||||
Significant unobservable inputs (Level 3) | ||||||||||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Derivatives-net asset (liability) | ||||||||||||||||||||||||||||
Beginning of Period | $ | (110 | ) | $ | (155 | ) | ||||||||||||||||||||||
Total gains or (losses) | ||||||||||||||||||||||||||||
Included in earnings | 7 | 5 | ||||||||||||||||||||||||||
Included in other comprehensive loss | (1 | ) | (1 | ) | ||||||||||||||||||||||||
Settlements | 4 | 9 | ||||||||||||||||||||||||||
End of Period | $ | (100 | ) | $ | (142 | ) | ||||||||||||||||||||||
The amount of total gains or (losses) for the period included in earnings attributable to the change in unrealized gains or (losses) relating to assets held at the reporting date | $ | 3 | $ | (1 | ) | |||||||||||||||||||||||
As of March 31, 2014, our Level 3 derivative assets and liabilities consisted primarily of WTI options, WTI basis swaps, NGL options, NGL swaps and power derivative contracts, where a significant portion of fair value is calculated from underlying market data that is not readily observable. The derived values use industry standard methodologies that may consider the historical relationships among various commodities, modeled market prices, time value, volatility factors and other relevant economic measures. The use of these inputs results in our management’s best estimate of fair value. | ||||||||||||||||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||||||||||||
The estimated fair value of our outstanding debt balances (both short-term and long-term and including debt fair value adjustments), is disclosed below (in millions): | ||||||||||||||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||||||||||||||
Value | Fair Value | Value | Fair Value | |||||||||||||||||||||||||
Total debt | $ | 37,211 | $ | 37,917 | $ | 36,193 | $ | 36,248 | ||||||||||||||||||||
We used Level 2 input values to measure the estimated fair value of our outstanding debt balances as of both March 31, 2014 and December 31, 2013. |
Reportable_Segments_Notes
Reportable Segments (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Segment Reporting [Abstract] | ' | |||||||
Reportable Segments | ' | |||||||
Reportable Segments | ||||||||
We operate the following reportable business segments. These segments and their principal sources of revenues are as follows: | ||||||||
• | Natural Gas Pipelines—the sale, transport, processing, treating, fractionation, storage and gathering of natural gas and NGL; | |||||||
• | CO2—KMP—the production, sale and transportation of crude oil from fields in the Permian Basin of West Texas and the production, transportation and marketing of CO2 used as a flooding medium for recovering crude oil from mature oil fields; | |||||||
• | Products Pipelines—KMP— the transportation and terminaling of refined petroleum products (including gasoline, diesel fuel and jet fuel), NGL, crude oil and condensate, and bio-fuels; | |||||||
• | Terminals—KMP—the transportation, transloading and storing of refined petroleum products, crude oil and dry and liquid bulk products, including coal, petroleum coke, cement, alumina, salt and other bulk chemicals; | |||||||
• | Kinder Morgan Canada—KMP—the transportation of crude oil and refined products from Alberta, Canada to marketing terminals and refineries in British Columbia, and the state of Washington. As further described in Note 2, Kinder Morgan Canada divested its interest in the Express pipeline system effective March 14, 2013; and | |||||||
• | Other—primarily includes other miscellaneous assets and liabilities purchased in our 2012 EP acquisition including (i) our corporate headquarters in Houston, Texas; (ii) several physical natural gas contracts with power plants associated with EP’s legacy trading activities; and (iii) other miscellaneous EP assets and liabilities. | |||||||
We evaluate performance principally based on each segment’s EBDA (including amortization of excess cost of equity investments), which excludes general and administrative expenses, third-party debt costs and interest expense, unallocable interest income, and unallocable income tax expense. Our reportable segments are strategic business units that offer different products and services, and they are structured based on how our chief operating decision makers organize their operations for optimal performance and resource allocation. Each segment is managed separately because each segment involves different products and marketing strategies. Financial information by segment follows (in millions): | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Revenues | ||||||||
Natural Gas Pipelines | ||||||||
Revenues from external customers | $ | 2,557 | $ | 1,755 | ||||
Intersegment revenues | 4 | 1 | ||||||
CO2–KMP | 483 | 429 | ||||||
Products Pipelines–KMP | 534 | 454 | ||||||
Terminals–KMP | 391 | 337 | ||||||
Kinder Morgan Canada–KMP | 69 | 72 | ||||||
Other | 4 | 4 | ||||||
Total segment revenues | 4,042 | 3,052 | ||||||
Other revenues | 9 | 9 | ||||||
Less: Total intersegment revenues | (4 | ) | (1 | ) | ||||
Total consolidated revenues | $ | 4,047 | $ | 3,060 | ||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Segment EBDA(a) | ||||||||
Natural Gas Pipelines | $ | 1,071 | $ | 899 | ||||
CO2–KMP | 363 | 342 | ||||||
Products Pipelines–KMP | 208 | 185 | ||||||
Terminals–KMP | 214 | 186 | ||||||
Kinder Morgan Canada–KMP(b) | 48 | 193 | ||||||
Other | 7 | 4 | ||||||
Total segment EBDA | 1,911 | 1,809 | ||||||
Total segment DD&A expense | (496 | ) | (415 | ) | ||||
Total segment amortization of excess cost of investments | (10 | ) | (9 | ) | ||||
Other revenues | 9 | 9 | ||||||
General and administrative expense | (172 | ) | (140 | ) | ||||
Interest expense, net of unallocable interest income | (450 | ) | (409 | ) | ||||
Unallocable income tax expense | (191 | ) | (187 | ) | ||||
Loss from discontinued operations, net of tax | — | (2 | ) | |||||
Total consolidated net income | $ | 601 | $ | 656 | ||||
March 31, | December 31, | |||||||
2014 | 2013 | |||||||
Assets | ||||||||
Natural Gas Pipelines | $ | 51,927 | $ | 52,357 | ||||
CO2–KMP | 4,734 | 4,708 | ||||||
Products Pipelines–KMP | 6,801 | 6,648 | ||||||
Terminals–KMP | 7,938 | 6,888 | ||||||
Kinder Morgan Canada–KMP | 1,621 | 1,677 | ||||||
Other | 559 | 568 | ||||||
Total segment assets | 73,580 | 72,846 | ||||||
Corporate assets(c) | 2,474 | 2,339 | ||||||
Total consolidated assets | $ | 76,054 | $ | 75,185 | ||||
_______ | ||||||||
(a) | Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other income, net. Operating expenses include natural gas purchases and other costs of sales, operations and maintenance expenses, and taxes, other than income taxes. | |||||||
(b) | 2013 amount includes a $141 million increase in earnings from the after-tax gain on the sale of KMP’s investments in the Express pipeline system. | |||||||
(c) | Includes cash and cash equivalents, margin and restricted deposits, unallocable interest receivable, prepaid assets and deferred charges, risk management assets related to debt fair value adjustments and miscellaneous corporate assets (such as information technology and telecommunications equipment) not allocated to individual segments. |
Pension_and_Other_Postretireme
Pension and Other Postretirement Benefit Plans (Notes) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ' | |||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | |||||||||||||||
Pension and Other Postretirement Benefit Plans | ||||||||||||||||
Kinder Morgan, Inc. | ||||||||||||||||
The components of net benefit (credit) cost for our pension and other postretirement benefit (OPEB) plans, not including plans associated with KMP’s subsidiary, SFPP, and KMP’s foreign operations, are as follows (in millions): | ||||||||||||||||
Pension Benefits | OPEB | |||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 7 | $ | 6 | $ | — | $ | — | ||||||||
Interest cost | 27 | 23 | 7 | 5 | ||||||||||||
Expected return on assets | (43 | ) | (44 | ) | (6 | ) | (5 | ) | ||||||||
Amortization of prior service credits | — | — | (1 | ) | — | |||||||||||
Amortization of net actuarial loss | — | — | — | 1 | ||||||||||||
Settlement gain(a) | — | (3 | ) | — | — | |||||||||||
Net benefit (credit) cost | $ | (9 | ) | $ | (18 | ) | $ | — | $ | 1 | ||||||
_______ | ||||||||||||||||
(a) | Reflects the gain recognized upon the February 2013 settlement of our obligations under the El Paso Supplemental Executive Retirement Plan. |
Income_Taxes_Notes
Income Taxes (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Income Tax Disclosure [Abstract] | ' | |||||||
Income Taxes | ' | |||||||
Income Taxes | ||||||||
Income taxes from continuing operations included in our accompanying consolidated statements of income were as follows (in millions, except percentages): | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Income tax expense | $ | 200 | $ | 279 | ||||
Effective tax rate | 25 | % | 30 | % | ||||
Tax expense from income from continuing operations for the three months ended March 31, 2014 is approximately $200 million resulting in an effective tax rate of 25% for continuing operations, as compared with $279 million tax expense and an effective tax rate of 30%, for the same period of 2013. The effective tax rate for the three months ended March 31, 2014 is lower than the statutory federal rate of 35% primarily due to (i) the net effect of consolidating KMP and EPB’s income tax provision and (ii) dividend-received deductions from our 50% interest in Florida Gas Pipeline (through our investment in Citrus Corporation). These decreases are partially offset by (i) state income taxes; (ii) a decrease in our share of non-tax deductible goodwill associated with our investments in KMP; (iii) adjustments to our income tax reserve for uncertain tax positions; and (iv) the amortization of the deferred charge recorded as a result of the August 2012 and March 2013 drop-down transactions to KMP. | ||||||||
The effective tax rate for the three months ended March 31, 2013 is lower than the statutory federal rate of 35% primarily due to (i) the net effect of consolidating KMP and EPB’s income tax provisions; (ii) dividend-received deductions from our 50% investment in Florida Gas Pipeline; and (iii) the tax impact of a decrease in the deferred state tax rate as a result of the drop-down of our 50% ownership interests in EPNG and EP midstream assets. These decreases are partially offset by state income taxes and the amortization of the deferred charge recorded as a result of the August 2012 and March 2013 drop-down transactions to KMP. |
Litigation_Environmental_and_O
Litigation, Environmental and Other Contingencies (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Litigation, Environmental and Other Contingencies | ' |
Litigation, Environmental and Other Contingencies | |
We and our subsidiaries are parties to various legal, regulatory and other matters arising from the day-to-day operations of our businesses that may result in claims against the Company. Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves, that the ultimate resolution of such items will not have a material adverse impact on our business, financial position, results of operations or dividends to our shareholders. We believe we have meritorious defenses to the matters to which we are a party and intend to vigorously defend the Company. When we determine a loss is probable of occurring and is reasonably estimable, we accrue an undiscounted liability for such contingencies based on our best estimate using information available at that time. If the estimated loss is a range of potential outcomes and there is no better estimate within the range, we accrue the amount at the low end of the range. We disclose contingencies where an adverse outcome may be material, or in the judgment of management, we conclude the matter should otherwise be disclosed. | |
Federal Energy Regulatory Commission Proceedings | |
The tariffs and rates charged by SFPP and EPNG are subject to a number of ongoing proceedings at the FERC. A substantial portion of our legal reserves relate to these FERC cases and the CPUC cases described below them. | |
SFPP | |
The tariffs and rates charged by SFPP are subject to a number of ongoing proceedings at the FERC, including the complaints and protests of various shippers. In general, these complaints and protests allege the rates and tariffs charged by SFPP are not just and reasonable under the Interstate Commerce Act (ICA). If the shippers are successful in proving their claims, they are entitled to seek reparations (which may reach back up to two years prior to the filing of their complaints) or refunds of any excess rates paid, and SFPP may be required to reduce its rates going forward. These proceedings tend to be protracted, with decisions of the FERC often appealed to the federal courts. The issues involved in these proceedings include, among others, whether indexed rate increases are justified, and the appropriate level of return and income tax allowance KMP may include in its rates. With respect to all of the SFPP proceedings at the FERC, we estimate that the shippers are seeking approximately $20 million in annual rate reductions and approximately $100 million in refunds. However, applying the principles of several recent FERC decisions in SFPP cases, as applicable, to pending cases would result in substantially lower rate reductions and refunds than those sought by the shippers. We do not expect refunds in these cases to have an impact on KMP’s distributions to its limited partners or our dividends to our shareholders. | |
EPNG | |
The tariffs and rates charged by EPNG are subject to two ongoing FERC proceedings (the “2008 rate case” and the “2010 rate case”). With respect to the 2008 rate case, the FERC issued its decision (Opinion 517) in May 2012. EPNG implemented certain aspects of that decision and believes it has an appropriate reserve related to the findings in Opinion 517. EPNG has sought rehearing on Opinion 517. With respect to the 2010 rate case, the FERC issued its decision (Opinion 528) on October 17, 2013. The FERC ordered EPNG to file within 60 days of issuance of Opinion 528 revised pro forma recalculated rates consistent with the terms of Opinion 528. The FERC has ordered additional proceedings concerning one of the issues in Opinion 528. EPNG has filed for rehearing on certain issues in Opinion 528. We have evaluated all recent decisions and believe our reserve is appropriate. | |
California Public Utilities Commission Proceedings | |
KMP has previously reported ratemaking and complaint proceedings against SFPP pending with the CPUC. The ratemaking and complaint cases generally involve challenges to rates charged by SFPP for intrastate transportation of refined petroleum products through its pipeline system in the state of California and request prospective rate adjustments and refunds with respect to tariffed and previously untariffed charges for certain pipeline transportation and related services. These matters have generally been consolidated and assigned to two administrative law judges. | |
On May 26, 2011, the CPUC issued a decision in several intrastate rate cases involving SFPP and a number of its shippers, (the “Long” cases). The decision includes determinations on issues, such as SFPP’s entitlement to an income tax allowance, allocation of environmental expenses, and refund liability, which KMP believes are contrary both to CPUC policy and precedent and to established federal regulatory policies for pipelines. On March 8, 2012, the CPUC issued another decision related to the Long cases. This decision largely reflected the determinations made on May 26, 2011, including the denial of an income tax allowance for SFPP. The CPUC’s order denied SFPP’s request for rehearing of the CPUC’s income tax allowance treatment, while granting requested rehearing of various, other issues relating to SFPP’s refund liability and staying the payment of refunds until resolution of the outstanding issues on rehearing. On March 23, 2012, SFPP filed a petition for writ of review in the California Court of Appeals, seeking a court order vacating the CPUC’s determination that SFPP is not entitled to recover an income tax allowance in its intrastate rates. The Court denied SFPP’s petition, and on October 16, 2013, the California Supreme Court declined SFPP’s request for further review. SFPP is currently assessing the precise impact of the now final state rulings denying SFPP an income tax allowance and is awaiting CPUC decisions that will determine the impact related to the denial of an income tax allowance. | |
On April 6, 2011, in proceedings unrelated to the above-referenced CPUC dockets, a CPUC administrative law judge issued a proposed decision (Bemesderfer case) substantially reducing SFPP’s authorized cost of service and ordering SFPP to pay refunds from May 24, 2007 to the present of revenues collected in excess of the authorized cost of service. The proposed decision was subsequently withdrawn, and the presiding administrative law judge is expected to reissue a proposed decision at some indeterminate time in the future. | |
On January 30, 2012, SFPP filed an application reducing its intrastate rates by approximately 7%. This matter remains pending before the CPUC, with a decision expected in the fourth quarter of 2014. | |
On July 19, 2013, Calnev filed an application with the CPUC requesting a 36% increase in its intrastate rates. A decision from the CPUC approving the requested rate increase was issued on November 14, 2013. | |
On November 27, 2013, the CPUC issued its Order to Show Cause directing SFPP to demonstrate whether or not the CPUC should require immediate refund payments associated with various pending SFPP rate matters. Subsequently, the CPUC issued an order directing SFPP and its shippers to engage in mandatory settlement discussions. On April 3, 2014, the CPUC issued its ruling suspending proceedings in all pending SFPP matters until October 1, 2014 or the date upon which SFPP and its shippers inform the CPUC that SFPP and its shippers have reached settlement of all pending matters or have failed to do so. If the matter is not settled, a decision addressing, if not resolving, all pending SFPP rate matters at the CPUC is anticipated in the first quarter of 2015. | |
Based on KMP’s review of these CPUC proceedings and the shipper comments thereon, it estimates that the shippers are requesting approximately $400 million in reparation payments and approximately $30 million in annual rate reductions. The actual amount of reparations will be determined through settlement negotiations or further proceedings at the CPUC. As of March 31, 2014, we believe our legal reserve is adequate such that the resolution of pending CPUC matters will not have a material adverse impact on KMP’s business, financial position or results of operations. Furthermore, we do not expect any reparations that KMP would pay in this matter to impact the per unit cash distributions it expects to pay to its limited partners for 2014. | |
Other Commercial Matters | |
Union Pacific Railroad Company Easements | |
SFPP and Union Pacific Railroad Company (UPRR) are engaged in a proceeding to determine the extent, if any, to which the rent payable by SFPP for the use of pipeline easements on rights-of-way held by UPRR should be adjusted pursuant to existing contractual arrangements for the ten-year period beginning January 1, 2004 (Union Pacific Railroad Company v. Santa Fe Pacific Pipelines, Inc., SFPP, L.P., Kinder Morgan Operating L.P. “D”, Kinder Morgan G.P., Inc., et al., Superior Court of the State of California for the County of Los Angeles, filed July 28, 2004). In September 2011, the judge determined that the annual rent payable as of January 1, 2004 was $14 million subject to annual consumer price index increases. Judgment was entered by the Court on May 29, 2012 and SFPP appealed the judgment. If the judgment is upheld on appeal, SFPP would owe approximately $93 million in back rent. Accordingly, KMP increased its rights-of-way liability to cover this potential liability for back rent. In addition, the judge determined that UPRR is entitled to approximately $20 million for interest through the date of the judgment on the outstanding back rent liability. KMP believes the award of interest is without merit and are pursuing our appellate rights. By notice dated October 25, 2013, UPRR demanded the payment of $22.25 million in rent for the first year of the next ten-year period beginning January 1, 2014. SFPP rejected the demand and the parties are pursuing the dispute resolution procedure in their contract to determine the rental adjustment, if any, for such period. | |
SFPP and UPRR are also engaged in multiple disputes over the circumstances under which SFPP must pay for a relocation of its pipeline within the UPRR right-of-way and the safety standards that govern relocations. In July 2006, a trial before a judge regarding the circumstances under which SFPP must pay for relocations concluded, and the judge determined that SFPP must pay for any relocations resulting from any legitimate business purpose of the UPRR. SFPP appealed this decision, and in December 2008, the appellate court affirmed the decision. In addition, UPRR contends that SFPP must comply with the more expensive American Railway Engineering and Maintenance-of-Way Association (AREMA) standards in determining when relocations are necessary and in completing relocations. Each party is seeking declaratory relief with respect to its positions regarding the application of these standards with respect to relocations. A trial occurred in the fourth quarter of 2011, with a verdict having been reached that SFPP was obligated to comply with AREMA standards in connection with a railroad project in Beaumont Hills, California. On March 10, 2014, the trial court issued a tentative statement of decision addressing all of the causes of action and defenses and resolved those matters against SFPP, consistent with the jury’s verdict. If the tentative statement of decision and jury verdict become final and are affirmed on appeal, SFPP will be required to pay a judgment of at least $22.6 million. UPRR has also requested the trial court award prejudgment interest and costs to UPRR. SFPP is continuing to evaluate its post-trial and appellate options. | |
Since SFPP does not know UPRR’s plans for projects or other activities that would cause pipeline relocations, it is difficult to quantify the effects of the outcome of these cases on SFPP. Even if SFPP is successful in advancing its positions, significant relocations for which SFPP must nonetheless bear the expense (i.e., for railroad purposes, with the standards in the federal Pipeline Safety Act applying) would have an adverse effect on our financial position, our results of operations, our cash flows, and our distributions to our limited partners. These effects would be even greater in the event SFPP is unsuccessful in one or more of these litigations. | |
Severstal Sparrows Point Crane Collapse | |
On June 4, 2008, a bridge crane owned by Severstal and located in Sparrows Point, Maryland collapsed while being operated by our subsidiary Kinder Morgan Bulk Terminals, Inc. (KMBT). According to KMP’s investigation, the collapse was caused by unexpected, sudden and extreme winds. On June 24, 2009, Severstal filed suit against KMBT in the U.S. District Court for the District of Maryland, Case No. 09CV1668-WMN. Severstal and its successor in interest, RG Steel, allege that KMBT was contractually obligated to replace the collapsed crane and that its employees were negligent in failing to properly secure the crane prior to the collapse. RG Steel seeks to recover in excess of $30 million for the alleged value of the crane and lost profits. KMBT denies each of RG Steel’s allegations. A bench trial occurred in November 2013. On March 6, 2014, the Court issued findings of fact and conclusions of law and entered judgment against KMBT in the amount of $13.79 million. KMBT has filed a notice of appeal of the judgment. | |
Plains Gas Solutions, LLC v. Tennessee Gas Pipeline Company, L.L.C. et al | |
On October 16, 2013, Plains Gas Solutions, LLC (Plains) filed a petition in the 151st Judicial District Court for Harris County, Texas (Case No. 62528) against TGP, Kinetica Partners, LLC and two other Kinetica entities. The suit arises from the sale by TGP of the Cameron System in Louisiana to Kinetica Partners, LLC on September 1, 2013. Plains alleges that defendants breached a straddle agreement requiring that gas on the Cameron System be committed to Plains’ Grand Chenier gas-processing facility, that requisite daily volume reports were not provided, that TGP improperly assigned its obligations under the straddle agreement to Kinetica, and that defendants interfered with Plains’ contracts with producers. The petition alleges damages of at least $100 million. Under the Amended and Restated Purchase and Sale Agreement with Kinetica, Kinetica has agreed to indemnify TGP in connection with the gas commitment and reporting claims. The suit was removed to federal court and Plains has filed a motion to remand. We intend to vigorously defend the suit. | |
Brinckerhoff v. El Paso Pipeline GP Company, LLC., et al. | |
In December 2011 (Brinckerhoff I), March 2012, (Brinckerhoff II) and May 2013 (Brinckerhoff III) derivative lawsuits were filed in Delaware Chancery Court against EP, El Paso Pipeline GP Company, L.L.C., the general partner of EPB, and the directors of the general partner. EPB was named in these lawsuits as a “Nominal Defendant.” The lawsuits arise from the March 2010, November 2010 and May 2012 drop-down transactions involving EPB’s purchase of SLNG, Elba Express Company L.L.C, CPG and interests in SNG and CIG. The lawsuits allege various conflicts of interest and that the consideration paid by EPB was excessive. Defendants’ motion to dismiss in Brinckerhoff I was denied in part. Brinckerhoff I and II have been consolidated into one proceeding. The parties’ motions for summary judgment are pending. A motion to dismiss has been filed in Brinckerhoff III. Defendants continue to believe that these actions are without merit and intend to defend against them vigorously. | |
Allen v. El Paso Pipeline GP Company, L.L.C., et al. | |
In May 2012, a unitholder of EPB filed a purported class action in Delaware Chancery Court, alleging both derivative and non derivative claims, against EPB, and EPB’s general partner and its board. EPB was named in the lawsuit as both a “Class Defendant” and a “Derivative Nominal Defendant.” The complaint alleges a breach of the duty of good faith and fair dealing in connection with the March 2011 sale to EPB of a 25% ownership interest in SNG. Defendants’ motion to dismiss was denied, and Defendants’ motion for summary judgment is pending. Defendants continue to believe this action is without merit, and intend to defend against it vigorously. | |
Price Reporting Litigation | |
Beginning in 2003, several lawsuits were filed against El Paso Marketing L.P. (EPM) alleging that EP, EPM and other energy companies conspired to manipulate the price of natural gas by providing false price information to industry trade publications that published gas indices. Several of the cases have been settled or dismissed. The remaining cases, which were pending in Nevada federal court, were dismissed, but the dismissal was reversed by the 9th Circuit Court of Appeals. A petition for certiorari is pending before the U.S. Supreme Court. Although damages in excess of $140 million have been alleged in total against all defendants in one of the remaining lawsuits where a damage number is provided, there remains significant uncertainty regarding the validity of the causes of action, the damages asserted and the level of damages, if any, that may be allocated to us. Therefore, our costs and legal exposure related to the remaining outstanding lawsuits and claims are not currently determinable. | |
Pipeline Integrity and Releases | |
From time to time, despite our best efforts, our pipelines experience leaks and ruptures. These leaks and ruptures may cause explosions, fire, and damage to the environment, damage to property and/or personal injury or death. In connection with these incidents, we may be sued for damages caused by an alleged failure to properly mark the locations of our pipelines and/or to properly maintain our pipelines. Depending upon the facts and circumstances of a particular incident, state and federal regulatory authorities may seek civil and/or criminal fines and penalties. | |
General | |
As of March 31, 2014 and December 31, 2013 our total reserve for legal matters was $665 million and $624 million, respectively. The reserve primarily relates to various claims from regulatory proceedings arising from KMP’s products pipeline and natural gas pipeline transportation rates. | |
Other | |
Slotoroff v. Kinder Morgan, Inc., Kinder Morgan G.P., Inc., et al. | |
On February 5, 2014, a putative class action and derivative complaint was filed in the Court of Chancery in the State of Delaware (Case No. 9318) against defendants KMI, KMGP and nominal defendant KMEP. The suit was filed by Jon Slotoroff, a purported unitholder of KMEP and seeks to assert claims both individually and on behalf of a putative class consisting of all public holders of KMEP units during the period of February 5, 2011 through the date of the filing of the suit. The suit alleges direct and derivative causes of action for breach of the partnership agreement, breach of the duty of good faith and fair dealing, aiding and abetting, and tortious interference. Among other things, the suit alleges that defendants made a bad faith allocation of capital expenditures to expansion capital expenditures rather than maintenance capital expenditures for the alleged purpose of “artificially” inflating KMEP’s distributions and growth rate. The suit seeks disgorgement of any distributions to KMGP, KMI and any related entities, beyond amounts that would have been distributed in accordance with a “good faith” allocation of maintenance capital expenses, together with other unspecified monetary damages including punitive damages and attorney fees. On March 3, 2014, nominal defendant KMEP and defendants KMI and KMGP moved to dismiss this suit. Defendants believe that this suit is without merit and intend to defend it vigorously. | |
Burns et al v. Kinder Morgan, Inc. Kinder Morgan G.P., Inc. et al | |
On March 27, 2014, a putative class action and derivative complaint was filed in the Court of Chancery in the State of Delaware (Case No. 9479) against defendants KMI, KMGP and nominal defendant KMEP. The suit was filed by Darrell Burns and Terrence Zehrer, purported unitholders of KMEP, and seeks to assert claims both individually and on behalf of a putative class consisting of all public holders of KMEP units during the period of February 5, 2011 through the date of the filing of the suit. The suit asserts claims and allegations substantially similar to the suit filed by Jon Slotoroff described above. On April 8, 2014, the Court ordered that this suit be consolidated for all purposes with the suit filed by Jon Slotoroff described above and that the caption of the consolidated action shall be In Re Kinder Morgan Energy Partners, L.P. Derivative Litigation, Consolidated Case No. 9318. | |
Walker v. Kinder Morgan, Inc., Kinder Morgan G.P., Inc. et al | |
On March 6, 2014, a putative class action and derivative complaint was filed in the District Court of Harris County, Texas (Case No. 2014-11872 in the 215th Judicial District) against KMI, KMGP, KMR, Richard D. Kinder, Steven J. Kean, Ted A. Gardner, Gary L. Hultquist, Perry M. Waughtal and nominal defendant KMEP. The suit was filed by Kenneth Walker, a purported unitholder of KMEP, and alleges direct and derivative causes of action for alleged violation of duties owed under the partnership agreement, breach of the implied covenant of good faith and fair dealing, “abuse of control” and “gross mismanagement” in connection with the calculation of distributions and allocation of capital expenditures to expansion capital expenditures and maintenance capital expenditures. The suit seeks unspecified money damages, interest, punitive damages, attorney and expert fees, costs and expenses, unspecified equitable relief, and demands a trial by jury. Defendants believe that this suit is without merit and intend to defend it vigorously. On April 9, 2014, the Court entered an order staying the case until the defendants’ motion to dismiss is decided in the suit filed by Jon Slotoroff described above. | |
Environmental Matters | |
We and our subsidiaries are subject to environmental cleanup and enforcement actions from time to time. In particular, CERCLA generally imposes joint and several liability for cleanup and enforcement costs on current and predecessor owners and operators of a site, among others, without regard to fault or the legality of the original conduct, subject to the right of a liable party to establish a “reasonable basis” for apportionment of costs. Our operations are also subject to federal, state and local laws and regulations relating to protection of the environment. Although we believe our operations are in substantial compliance with applicable environmental law and regulations, risks of additional costs and liabilities are inherent in pipeline, terminal and CO2 field and oil field operations, and there can be no assurance that we will not incur significant costs and liabilities. Moreover, it is possible that other developments, such as increasingly stringent environmental laws, regulations and enforcement policies under the terms of authority of those laws, and claims for damages to property or persons resulting from our operations, could result in substantial costs and liabilities to us. | |
We are currently involved in several governmental proceedings involving alleged violations of environmental and safety regulations. As we receive notices of non-compliance, we attempt to negotiate and settle such matters where appropriate. We do not believe that these alleged violations will have a material adverse effect on our business, financial position, results of operations or dividends to our shareholders. | |
We are also currently involved in several governmental proceedings involving groundwater and soil remediation efforts under administrative orders or related state remediation programs. We have established a reserve to address the costs associated with the cleanup. | |
In addition, we are involved with and have been identified as a potentially responsible party in several federal and state superfund sites. Environmental reserves have been established for those sites where our contribution is probable and reasonably estimable. In addition, we are from time to time involved in civil proceedings relating to damages alleged to have occurred as a result of accidental leaks or spills of refined petroleum products, NGL, natural gas and CO2. | |
New Jersey Department of Environmental Protection v. Occidental Chemical Corporation, et al. (Defendants), Maxus Energy Corp. and Tierra Solutions, Inc. (Third Party Plaintiffs) v. 3M Company et al., Superior Court of New Jersey, Law Division - Essex County, Docket No. L-9868-05 | |
The New Jersey Department of Environmental Protection (NJDEP) sued Occidental Chemical Corporation (Occidental) and others under the New Jersey Spill Act for contamination in the Newark Bay Complex including numerous waterways and rivers. In 2009, Occidental et al. asserted claims for contribution against approximately 300 third party defendants. NJDEP claimed damages related to 40 years of discharges of TCDD (a form of dioxin), DDT and “other hazardous substances.” GATX Terminals Corporation (n/k/a Kinder Morgan Liquids Terminals LLC) (KMLT) was named as a third party defendant because of the noted hazardous substances language and because the Carteret, New Jersey facility (a former GATX Terminals Corporation facility) is located on the Arthur Kill River, one of the waterways included in the litigation. KMLT, as part of a joint defense group, entered a settlement agreement (the Consent Judgment) with the NJDEP whereby the settling parties for a prescribed payment, obtained a contribution bar against first party defendants Occidental, Maxus Energy Corp. (Maxus) and Tierra Solutions, Inc. (Tierra) in addition to a release of claims. The Consent Judgment was published in the New Jersey Register for a 60-day comment period and no significant comments were received. Additionally, the NJDEP reached a settlement agreement with Maxus and Tierra. Occidental is not part of the settlement. On December 12, 2013, the Court approved the settlements. Pursuant to the Consent Judgment, KMLT submitted its settlement payment by the January 27, 2014 deadline and received the Court's order dismissing KMLT from the litigation. | |
Portland Harbor Superfund Site, Willamette River, Portland, Oregon | |
In December 2000, the EPA issued General Notice letters to potentially responsible parties including GATX Terminals Corporation (n/k/a KMLT). At that time, GATX owned two liquids terminals along the lower reach of the Willamette River, an industrialized area known as Portland Harbor. Portland Harbor is listed on the National Priorities List and is designated as a Superfund Site under CERCLA. A group of potentially responsible parties formed what is known as the Lower Willamette Group (LWG), of which KMLT is a non-voting member and pays a minimal fee to be part of the group. The LWG agreed to conduct the remedial investigation and feasibility study (RI/FS) leading to the proposed remedy for cleanup of the Portland Harbor site. Once the EPA determines the cleanup remedy from the remedial investigations and feasibility studies conducted during the last decade at the site, it will issue a Record of Decision. Currently, KMLT and 90 other parties are involved in an allocation process to determine each party’s respective share of the cleanup costs. This is a non-judicial allocation process. KMEP is participating in the allocation process on behalf of both KMLT and KMBT. Each entity has two facilities located in Portland Harbor. KMEP expects the allocation process to conclude in 2015. KMEP also expects the LWG to complete the RI/FS process in 2015, after which the EPA is expected to develop a proposed plan leading to a Record of Decision targeted for 2017. It is anticipated that the cleanup activities will begin within one year of the issuance of the Record of Decision. | |
Roosevelt Irrigation District v. Kinder Morgan G.P., Inc., Kinder Morgan Energy Partners, L.P. , U.S. District Court, Arizona | |
The Roosevelt Irrigation District sued KMGP, KMEP and others under CERCLA for contamination of the water purveyor's wells. The First Amended Complaint sought $175 million in damages against approximately 70 defendants. On August 6, 2013 plaintiffs filed its Second Amended Complaint seeking monetary damages in unspecified amounts and reducing the number of defendants to 26 including KMEP and SFPP. The claims now presented against KMEP and SFPP are related to alleged releases from a specific parcel within the SFPP Phoenix Terminal and the alleged impact of such releases on water wells owned by the plaintiffs and located in the vicinity of the Terminal. On October 24, 2013, we moved to dismiss this suit. | |
The City of Los Angeles v. Kinder Morgan Liquids Terminals, LLC, Shell Oil Company, Equilon Enterprises LLC; California Superior Court, County of Los Angeles, Case No. NC041463 | |
KMLT was a defendant in a lawsuit filed in 2005 alleging claims for environmental cleanup costs at the former Los Angeles Marine Terminal in the Port of Los Angeles. On April 9, 2013, KMLT and the Port of Los Angeles entered into a settlement agreement, the terms of which provide for the dismissal of the litigation by the Port and KMLT’s agreement to pay 60% of the Port’s costs to remediate the former terminal site up to a $15 million cap. Further, according to terms of the settlement agreement, we received a five-year lease extension that allows KMLT to continue fuel loading and offloading operations at another KMLT Port of Los Angeles terminal property. The Court approved the parties’ Good Faith Settlement motion and dismissed the case. | |
The City of Los Angeles, KMLT, Chevron and Phillips 66 remain named on a Cleanup and Abatement Order from the California Regional Water Quality Control Board as parties responsible for the cleanup of the former Los Angeles Marine Terminal. The private parties have all settled with the City of Los Angeles and agreed to pay a percentage of the City’s costs to perform the required cleanup at the site. Cleanup activities by the Port began in the first quarter of 2014. | |
Paulsboro, New Jersey Liquids Terminal Consent Judgment | |
On June 25, 2007, the NJDEP, the Commissioner of the New Jersey Department of Environmental Protection and the Administrator of the New Jersey Spill Compensation Fund, referred to collectively as the plaintiffs, filed a complaint in Gloucester County, New Jersey against ExxonMobil and KMLT, formerly known as GATX Terminals Corporation, alleging natural resource damages related to historic contamination at the Paulsboro, New Jersey liquids terminal owned by ExxonMobil from the mid-1950s through November 1989, by GATX Terminals Corporation from 1989 through September 2000, and later owned by Support Terminals and Pacific Atlantic Terminals, LLC. The terminal is now owned by Plains Products, which was also joined as a party to the lawsuit. | |
In mid-2011, KMLT and Plains Products entered into a settlement agreement and subsequent Consent Judgment with the NJDEP which resolved the state’s alleged natural resource damages claim. The natural resource damage settlement includes a monetary award of $1 million and a series of remediation and restoration activities at the terminal site. KMLT and Plains Products have joint responsibility for this settlement. Simultaneously, KMLT and Plains Products entered into an agreement that settled each party’s relative share of responsibility (50/50) to the NJDEP under the Consent Judgment noted above. The Consent Judgment is now entered with the Court and the settlement is final. According to the agreement, Plains will conduct remediation activities at the site and KMLT will provide oversight and 50% of the costs. We are awaiting approval from the NJDEP in order to begin remediation activities. | |
Mission Valley Terminal Lawsuit | |
In August 2007, the City of San Diego, on its own behalf and purporting to act on behalf of the People of the State of California, filed a lawsuit against KMP and several affiliates seeking injunctive relief and unspecified damages allegedly resulting from hydrocarbon and methyl tertiary butyl ether (MTBE) impacted soils and groundwater beneath the City’s stadium property in San Diego arising from historic operations at the Mission Valley terminal facility. The case was filed in the Superior Court of California, San Diego County, case number 37-2007-00073033-CU-OR-CTL. On September 26, 2007, KMP removed the case to the U.S. District Court, Southern District of California, case number 07CV1883WCAB. The City disclosed in discovery that it is seeking approximately $170 million in damages for alleged lost value/lost profit from the redevelopment of the City’s property and alleged lost use of the water resources underlying the property. Later, in 2010, the City amended its initial disclosures to add claims for restoration of the site as well as a number of other claims that increased their claim for damages to approximately $365 million. | |
On November 29, 2012, the Court issued a Notice of Tentative Rulings on the parties’ summary adjudication motions. The Court tentatively granted our partial motions for summary judgment on the City’s claims for water and real estate damages and the State’s claims for violations of California Business and Professions Code § 17200, tentatively denied the City’s motion for summary judgment on its claims of liability for nuisance and trespass, and tentatively granted our cross motion for summary judgment on such claims. On January 25, 2013, the Court rendered judgment in favor of all defendants on all claims asserted by the City. | |
On February 20, 2013, the City of San Diego filed a notice of appeal of this case to the U.S. Court of Appeals for the Ninth Circuit. The appeal is currently pending. | |
This site has been, and currently is, under the regulatory oversight and order of the California Regional Water Quality Control Board (RWQCB). SFPP continues to conduct an extensive remediation effort at the City’s stadium property site. | |
On May 7, 2013, the City of San Diego filed a writ of mandamus to the California Superior Court seeking an order from the Court setting aside the RWQCB’s approval of KMP’s permit request to increase the discharge of water from KMP’s groundwater treatment system to the City of San Diego’s municipal storm sewer system. KMP is coordinating with the RWQCB to oppose the City's writ. | |
Uranium Mines in Vicinity of Cameron, Arizona | |
In the 1950s and 1960s, Rare Metals Inc., an historical subsidiary of EPNG, operated approximately 20 uranium mines in the vicinity of Cameron, Arizona, many of which are located on the Navajo Indian Reservation. The mining activities were in response to numerous incentives provided to industry by the U.S. to locate and produce domestic sources of uranium to support the Cold War-era nuclear weapons program. In May 2012, EPNG received a general notice letter from the EPA notifying EPNG of the EPA’s investigation of certain sites and its determination that the EPA considers EPNG to be a potentially responsible party within the meaning of CERCLA. In August 2013, EPNG and the EPA entered into an Administrative Order on Consent and Scope of Work pursuant to which EPNG will conduct a radiological assessment of the surface of the mines. We are also seeking contribution from the applicable federal government agencies toward the cost of environmental activities associated with the mines, given their pervasive control over all aspects of the nuclear weapons program. | |
PHMSA Inspection of Carteret Terminal, Carteret, New Jersey | |
On April 4, 2013, the PHMSA, Office of Pipeline Safety issued a Notice of Probable Violation, Proposed Civil Penalty and Proposed Compliance Order (NOPV) arising from an inspection at the KMLT, Carteret, New Jersey location on March 15, 2011, following a release and fire that occurred during maintenance activity on March 14, 2011. On July 17, 2013, KMLT entered into a Consent Agreement and Order with the PHMSA, pursuant to which KMLT paid a penalty of $63,100 and is required to complete ongoing pipeline integrity testing and other corrective measures by May 2015. | |
Lower Passaic River Study Area of the Diamond Alkali Superfund Site, Essex, Hudson, Bergen and Passaic Counties, New Jersey | |
EPEC Polymers, Inc. (EPEC Polymers) and EPEC Oil Company Liquidating Trust (EPEC Oil Trust), former El Paso entities now owned by KMI, are involved in an administrative action under CERCLA known as the Lower Passaic River Study Area Superfund Site (Site) concerning the lower 17-mile stretch of the Passaic River. It has been alleged that EPEC Polymers and EPEC Oil Trust may be potentially responsible parties under CERCLA based on prior ownership and/or operation of properties located along the relevant section of the Passaic River. EPEC Polymers and EPEC Oil Trust entered into two Administrative Orders on Consent (AOCs) which obligate them to investigate and characterize contamination at the Site. They are also part of a joint defense group of approximately 70 cooperating parties (CPG) which have entered into AOCs and are directing and funding the work required by the EPA. Under the first AOC, a remedial investigation and feasibility study of the Site is presently estimated to be completed by 2015. Under the second AOC, the CPG members are conducting a CERCLA removal action at the Passaic River Mile 10.9, including the dredging of sediment in mud flats at this location of the river to a depth of two feet and installation of a cap. The dredging was completed in 2013 and capping work is ongoing. We have established a reserve for the anticipated cost of compliance with the AOCs. | |
On April 11, 2014, the EPA announced the issuance of its Focused Feasibility Study (FFS) for the lower eight miles of the Passaic River Study Area, and its proposed plan for remedial alternatives to address the dioxin sediment contamination from the mouth of Newark Bay to River Mile 8.3. The EPA estimates the cost for the alternatives will range from $365 million to $3.2 billion. The EPA’s preferred alternative would involve dredging the river bank-to-bank and installing an engineered cap at an estimated cost of $1.7 billion. In its FFS, the EPA stated that it has identified over 100 industrial facilities as potentially responsible parties and it is likely that there are hundreds more private and public entities that could be named in any litigation concerning responsibility for the Site contamination. | |
No final remedy for this portion of the Site will be selected until the public comment and response period for the FFS is completed and the Record of Decision (ROD) is issued by EPA, which is expect in early 2015. Until the ROD is issued there is uncertainty about what remedy will be implemented and the extent of potential costs. There is also uncertainty as to the impact of the RI/FS that the CPG is currently preparing for portions of the Site. Therefore, the scope of potential EPA claims for the lower eight miles of the Passaic River is not reasonably estimable at this time. | |
Southeast Louisiana Flood Protection Litigation | |
On July 24, 2013, the Board of Commissioners of the Southeast Louisiana Flood Protection Authority - East (Flood Protection Authority) filed a petition for damages and injunctive relief in state district court for Orleans Parish, Louisiana (Case No. 13-6911) against TGP, SNG and approximately 100 other energy companies, alleging that defendants’ drilling, dredging, pipeline and industrial operations since the 1930’s have caused direct land loss and increased erosion and submergence resulting in alleged increased storm surge risk, increased flood protection costs and unspecified damages to the plaintiff. The Flood Protection Authority asserts claims for negligence, strict liability, public nuisance, private nuisance, and breach of contract. Among other relief, the petition seeks unspecified monetary damages, attorney fees, interest, and injunctive relief in the form of abatement and restoration of the alleged coastal land loss including but not limited to backfilling and re-vegetation of canals, wetlands and reef creation, land bridge construction, hydrologic restoration, shoreline protection, structural protection, and bank stabilization. On August 13, 2013, the suit was removed to the U.S. District Court for the Eastern District of Louisiana. On September 10, 2013, the Flood Protection Authority filed a motion to remand the case to the state district court for Orleans Parish. On December 18, 2013, a hearing was conducted on the remand motion and it remains under consideration by the court. | |
Plaquemines Parish Louisiana Coastal Zone Litigation | |
On November 8, 2013, the Parish of Plaquemines, Louisiana filed a petition for damages in the state district court for Plaquemines Parish, Louisiana (Docket No. 60-999) against TGP and 17 other energy companies, alleging that defendants’ oil and gas exploration, production and transportation operations in the Bastian Bay, Buras, Empire and Fort Jackson oil and gas fields of Plaquemines Parish caused substantial damage to the coastal waters and nearby lands (Coastal Zone) within the Parish, including the erosion of marshes and the discharge of oil waste and other pollutants which detrimentally affected the quality of state waters and plant and animal life, in violation of the State and Local Coastal Resources Management Act of 1978 (Coastal Zone Management Act). As a result of such alleged violations of the Coastal Zone Management Act, Plaquemines Parish seeks, among other relief, unspecified monetary relief, attorney fees, interest, and payment of costs necessary to restore the allegedly affected Coastal Zone to its original condition, including costs to clear, vegetate and detoxify the Coastal Zone. On December 18, 2013, defendants removed the case to the U.S. District Court for the Eastern District of Louisiana. On January 14, 2014, the plaintiff filed a motion to remand the case to state court and such motion remains pending. | |
Pennsylvania Department of Environmental Protection Notice of Alleged Violations | |
The Pennsylvania Department of Environmental Protection (PADEP) has notified TGP of alleged violations of certain conditions to the construction permits issued to TGP for the construction of TGP’s 300 Line Project in 2011. The alleged violations arise from field inspections performed during construction by county conservation districts, as delegates of the PADEP, and generally involve the alleged failure by TGP to implement and maintain best practices to achieve sufficient erosion and sediment controls, stabilization of the right of way, and prevention of potential discharge of sediment into the waters of the commonwealth during construction and before placing the line into service. To resolve such alleged violations, the PADEP initially proposed a collective penalty of approximately $1.5 million. TGP and the PADEP are seeking to reach a mutually agreeable resolution of the alleged notices of violations, including an agreed penalty amount. | |
General | |
Although it is not possible to predict the ultimate outcomes, we believe that the resolution of the environmental matters set forth in this note, and other matters to which we and our subsidiaries are a party, will not have a material adverse effect on our business, financial position, results of operations or cash flows. As of March 31, 2014 and December 31, 2013, we have accrued a total reserve for environmental liabilities in the amount of $366 million and $378 million, respectively, of which$200 million and $208 million, respectively, are associated with KMI (excluding KMP and EPB) and primarily relate to legacy sites acquired in the May 25, 2012 EP acquisition. In addition, as of both March 31, 2014 and December 31, 2013, we have recorded a receivable of $14 million for expected cost recoveries that have been deemed probable. | |
Other Contingencies | |
In conjunction with KMP’s acquisition of certain natural gas pipelines from us, we agreed to indemnify KMP with respect to approximately $5.9 billion of its debt. This includes $5.2 billion associated with KMP’s March 2013 and August 2012 purchases of natural gas assets from us. In conjunction with our EP acquisition, we have agreed to indemnify EPB with respect to $470 million of its debt. We would be obligated to perform under these indemnities only if KMP’s or EPB’s assets, as applicable, were unable to satisfy its obligations. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
Accounting Standards Updates | |
None of the Accounting Standards Updates (ASU) that we adopted and that became effective January 1, 2014 (including ASU No. 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (a consensus of the FASB Emerging Issues Task Force)) had a material impact on our consolidated financial statements. More information about this ASU can be found in Note 17 “Recent Accounting Pronouncements” to our consolidated financial statements that were included in our 2013 Form 10-K. |
Reconciliation_of_Significant_
Reconciliation of Significant Asset Balances (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Reconciliation of Significant Asset Balances | ' | |||||||
Reconciliation of Significant Balance Sheet Accounts | ||||||||
The following is a reconciliation between KMP’s and EPB’s significant asset and liability balances as reported in KMP’s and EPB’s Quarterly Reports on Form 10-Q for the quarter ended March 31, 2014 and Annual Reports on Form 10-K for the year ended December 31, 2013 and our consolidated asset and liability balances as shown on our accompanying consolidated balance sheets (in millions): | ||||||||
March 31, | 31-Dec-13 | |||||||
2014 | ||||||||
Cash and cash equivalents - KMI(a) | $ | 85 | $ | 116 | ||||
Cash and cash equivalents - KMP | 347 | 404 | ||||||
Cash and cash equivalents - EPB | 81 | 78 | ||||||
Cash and cash equivalents | $ | 513 | $ | 598 | ||||
Property, plant and equipment, net–KMI(a) | $ | 2,540 | $ | 2,563 | ||||
Property, plant and equipment, net–KMP | 28,558 | 27,405 | ||||||
Property, plant and equipment, net–EPB | 5,854 | 5,879 | ||||||
Property, plant and equipment, net | $ | 36,952 | $ | 35,847 | ||||
Goodwill–KMI(a) | $ | 17,935 | $ | 17,935 | ||||
Goodwill–KMP | 6,606 | 6,547 | ||||||
Goodwill–EPB | 22 | 22 | ||||||
Goodwill | $ | 24,563 | $ | 24,504 | ||||
Current portion of debt–KMI(a) | $ | 1,128 | $ | 725 | ||||
Current portion of debt–KMP | 1,243 | 1,504 | ||||||
Current portion of debt–EPB | 41 | 77 | ||||||
Current portion of debt | $ | 2,412 | $ | 2,306 | ||||
Long-term debt outstanding–KMI(a) | $ | 8,968 | $ | 9,221 | ||||
Long-term debt outstanding–KMP | 19,610 | 18,410 | ||||||
Long-term debt outstanding–EPB(b) | 4,152 | 4,179 | ||||||
Long-term debt outstanding | $ | 32,730 | $ | 31,810 | ||||
_______ | ||||||||
(a) | Includes assets and liabilities of KMI’s consolidated subsidiaries, excluding KMP and EPB. | |||||||
(b) | Excludes debt fair value adjustments. Decrease to long-term debt for debt fair value adjustments totaled $8 million as of both March 31, 2014 and December 31, 2013. |
Guarantee_of_Securities_of_Sub
Guarantee of Securities of Subsidiaries (Notes) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Guarantees [Abstract] | ' | |||||||||||||||||||
Guarantees [Text Block] | ' | |||||||||||||||||||
Guarantee of Securities of Subsidiaries | ||||||||||||||||||||
KMI had guaranteed the payment of the outstanding senior notes issued by El Paso LLC (formerly known as El Paso Corporation) as a result of the EP acquisition. These notes were also guaranteed by El Paso, El Paso LLC’s direct parent. El Paso Issuing Corporation (Finance Corp), a direct subsidiary of El Paso LLC, is the co-issuer of these notes. The aggregate principal amount of these series of El Paso LLC senior notes are referred to as the “Guaranteed Notes”. On October 3, 2013, El Paso LLC transferred substantially all of its assets to El Paso Holdco pursuant to an internal restructuring transaction. In connection with such internal restructuring, El Paso Holdco succeeded El Paso LLC as issuer with respect to the Guaranteed Notes, and El Paso LLC ceased to be an obligor with respect to the Guaranteed Notes. Prior to the internal restructuring, El Paso Holdco had been presented as the “Guarantor Subsidiary” and is now presented as one of the “Subsidiary Issuers.” KMI continues to guarantee the payment of the Guaranteed Notes. Finance Corp’s obligations as a co-issuer and primary obligor continue to be joint and several with the obligations of El Paso Holdco as issuer. As of both March 31, 2014, and December 31, 2013, approximately $3.8 billion of these guaranteed notes are outstanding. Subject to the limitations set forth in the applicable supplemental indentures, the guarantee of KMI is full and unconditional and joint and several, and guarantee the Guaranteed Notes through their respective maturity dates, the latest of which is in 2037. Finance Corp has no subsidiaries and no independent assets or operations. A significant amount of KMI’s income and cash flow are generated by its subsidiaries. As a result, the funds necessary to meet KMI’s debt service and/or guarantee obligations are provided in large part by distributions or advances from its subsidiaries. Included among the non-guarantor subsidiaries are KMP, KMR and EPB, along with KMGP, the general partner of KMP and El Paso Pipeline GP Company, L.L.C., the general partner of EPB. In the following condensed consolidating financial information, KMI is “Parent Guarantor,” and El Paso Holdco and Finance Corp are the “Subsidiary Issuers.” Both of the Subsidiary Issuers are 100% owned by KMI. | ||||||||||||||||||||
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Revenues | $ | 9 | $ | — | $ | 4,048 | $ | (10 | ) | $ | 4,047 | |||||||||
Costs, expenses and other | ||||||||||||||||||||
Costs of sales | — | — | 1,643 | — | 1,643 | |||||||||||||||
Depreciation, depletion and amortization | — | — | 496 | — | 496 | |||||||||||||||
Other operating expenses | 8 | — | 763 | (10 | ) | 761 | ||||||||||||||
Total costs, expenses and other | 8 | — | 2,902 | (10 | ) | 2,900 | ||||||||||||||
Operating income | 1 | — | 1,146 | — | 1,147 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||
Earnings from equity investments | 345 | 127 | 99 | (472 | ) | 99 | ||||||||||||||
Interest, net | (73 | ) | (65 | ) | (310 | ) | — | (448 | ) | |||||||||||
Amortization of excess cost of equity investments and other, net | 1 | — | 2 | — | 3 | |||||||||||||||
Income from continuing operations before income taxes | 274 | 62 | 937 | (472 | ) | 801 | ||||||||||||||
Income tax benefit (expense) | 13 | (13 | ) | (200 | ) | — | (200 | ) | ||||||||||||
Net income | 287 | 49 | 737 | (472 | ) | 601 | ||||||||||||||
Net income attributable to noncontrolling interests | — | — | (331 | ) | 17 | (314 | ) | |||||||||||||
Net income attributable to controlling interests | $ | 287 | $ | 49 | $ | 406 | $ | (455 | ) | $ | 287 | |||||||||
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Revenues | $ | 9 | $ | — | $ | 3,058 | $ | (7 | ) | $ | 3,060 | |||||||||
Costs, expenses and other | ||||||||||||||||||||
Costs of sales | — | — | 970 | — | 970 | |||||||||||||||
Depreciation, depletion and amortization | — | — | 415 | — | 415 | |||||||||||||||
Other operating expenses | 3 | (3 | ) | 665 | (7 | ) | 658 | |||||||||||||
Total costs, expenses and other | 3 | (3 | ) | 2,050 | (7 | ) | 2,043 | |||||||||||||
Operating income | 6 | 3 | 1,008 | — | 1,017 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||
Earnings from equity investments | 339 | 142 | 101 | (481 | ) | 101 | ||||||||||||||
Interest, net | (65 | ) | (106 | ) | (231 | ) | — | (402 | ) | |||||||||||
Amortization of excess cost of equity investments, gain on sale of investments and other, net | — | (1 | ) | 222 | — | 221 | ||||||||||||||
Income from continuing operations before income taxes | 280 | 38 | 1,100 | (481 | ) | 937 | ||||||||||||||
Income tax benefit (expense) | 12 | — | (291 | ) | — | (279 | ) | |||||||||||||
Income from continuing operations | 292 | 38 | 809 | (481 | ) | 658 | ||||||||||||||
Loss from discontinued operations, net of tax | — | — | (2 | ) | — | (2 | ) | |||||||||||||
Net income | 292 | 38 | 807 | (481 | ) | 656 | ||||||||||||||
Net income attributable to noncontrolling interests | — | — | (388 | ) | 24 | (364 | ) | |||||||||||||
Net income attributable to controlling interests | $ | 292 | $ | 38 | $ | 419 | $ | (457 | ) | $ | 292 | |||||||||
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net income | $ | 287 | $ | 49 | $ | 737 | $ | (472 | ) | $ | 601 | |||||||||
Other comprehensive loss, net of tax | ||||||||||||||||||||
Change in fair value of derivatives utilized for hedging purposes | (19 | ) | (2 | ) | (44 | ) | 20 | (45 | ) | |||||||||||
Reclassification of change in fair value of derivatives to net income | 6 | — | 13 | (5 | ) | 14 | ||||||||||||||
Foreign currency translation adjustments | (25 | ) | — | (60 | ) | 23 | (62 | ) | ||||||||||||
Adjustments to pension and other postretirement benefit plan liabilities | — | — | (2 | ) | 1 | (1 | ) | |||||||||||||
Total other comprehensive loss | (38 | ) | (2 | ) | (93 | ) | 39 | (94 | ) | |||||||||||
Comprehensive income | 249 | 47 | 644 | (433 | ) | 507 | ||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (258 | ) | — | (258 | ) | |||||||||||||
Comprehensive income attributable to controlling interests | $ | 249 | $ | 47 | $ | 386 | $ | (433 | ) | $ | 249 | |||||||||
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net income | $ | 292 | $ | 38 | $ | 807 | $ | (481 | ) | $ | 656 | |||||||||
Other comprehensive loss, net of tax | ||||||||||||||||||||
Change in fair value of derivatives utilized for hedging purposes | (16 | ) | 1 | (30 | ) | 14 | (31 | ) | ||||||||||||
Reclassification of change in fair value of derivatives to net income | (4 | ) | (1 | ) | (6 | ) | 5 | (6 | ) | |||||||||||
Foreign currency translation adjustments | (17 | ) | — | (32 | ) | 16 | (33 | ) | ||||||||||||
Adjustments to pension and other postretirement benefit plan liabilities | (1 | ) | (3 | ) | (1 | ) | 4 | (1 | ) | |||||||||||
Total other comprehensive loss | (38 | ) | (3 | ) | (69 | ) | 39 | (71 | ) | |||||||||||
Comprehensive income | 254 | 35 | 738 | (442 | ) | 585 | ||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (331 | ) | — | (331 | ) | |||||||||||||
Comprehensive income attributable to controlling interests | $ | 254 | $ | 35 | $ | 407 | $ | (442 | ) | $ | 254 | |||||||||
Condensed Consolidating Balance Sheet as of March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and cash equivalents | $ | 56 | $ | — | $ | 457 | $ | — | $ | 513 | ||||||||||
All other current assets | 642 | 3 | 2,826 | (322 | ) | 3,149 | ||||||||||||||
Property, plant and equipment, net | 25 | — | 36,927 | — | 36,952 | |||||||||||||||
Investments | — | — | 5,962 | — | 5,962 | |||||||||||||||
Investments in affiliates | 20,437 | 6,151 | — | (26,588 | ) | — | ||||||||||||||
Goodwill | — | 8,062 | 16,501 | — | 24,563 | |||||||||||||||
Notes receivable from affiliates | — | — | 1,993 | (1,993 | ) | — | ||||||||||||||
Other non-current assets | 208 | 844 | 4,679 | (816 | ) | 4,915 | ||||||||||||||
Total assets | $ | 21,368 | $ | 15,060 | $ | 69,345 | $ | (29,719 | ) | $ | 76,054 | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current portion of debt | $ | 660 | $ | 317 | $ | 1,435 | $ | — | $ | 2,412 | ||||||||||
All other current liabilities | 247 | 124 | 3,607 | (322 | ) | 3,656 | ||||||||||||||
Long-term debt | 3,117 | 3,987 | 27,695 | — | 34,799 | |||||||||||||||
Notes payable to affiliates | 1,993 | — | — | (1,993 | ) | — | ||||||||||||||
Deferred income taxes | 2,295 | — | 3,120 | (816 | ) | 4,599 | ||||||||||||||
Other long-term liabilities and deferred credits | 256 | 71 | 1,827 | — | 2,154 | |||||||||||||||
Total liabilities | 8,568 | 4,499 | 37,684 | (3,131 | ) | 47,620 | ||||||||||||||
Stockholders’ equity | ||||||||||||||||||||
Total KMI equity | 12,800 | 10,561 | 15,603 | (26,164 | ) | 12,800 | ||||||||||||||
Noncontrolling interests | — | — | 16,058 | (424 | ) | 15,634 | ||||||||||||||
Total stockholders’ equity | 12,800 | 10,561 | 31,661 | (26,588 | ) | 28,434 | ||||||||||||||
Total liabilities and stockholders’ equity | $ | 21,368 | $ | 15,060 | $ | 69,345 | $ | (29,719 | ) | $ | 76,054 | |||||||||
Condensed Consolidating Balance Sheet as of December 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and cash equivalents | $ | 83 | $ | — | $ | 515 | $ | — | $ | 598 | ||||||||||
All other current assets | 945 | 38 | 2,763 | (476 | ) | 3,270 | ||||||||||||||
Property, plant and equipment, net | 10 | — | 35,837 | — | 35,847 | |||||||||||||||
Investments | — | — | 5,951 | — | 5,951 | |||||||||||||||
Investments in affiliates | 20,336 | 6,651 | — | (26,987 | ) | — | ||||||||||||||
Goodwill | — | 8,062 | 16,442 | — | 24,504 | |||||||||||||||
Notes receivable from affiliates | — | — | 1,993 | (1,993 | ) | — | ||||||||||||||
Other non-current assets | 227 | 841 | 4,759 | (812 | ) | 5,015 | ||||||||||||||
Total assets | $ | 21,601 | $ | 15,592 | $ | 68,260 | $ | (30,268 | ) | $ | 75,185 | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current portion of debt | $ | 175 | $ | 400 | $ | 1,731 | $ | — | $ | 2,306 | ||||||||||
All other current liabilities | 228 | 135 | 3,882 | (476 | ) | 3,769 | ||||||||||||||
Long-term debt | 3,371 | 3,999 | 26,517 | — | 33,887 | |||||||||||||||
Notes payable to affiliates | 1,993 | — | — | (1,993 | ) | — | ||||||||||||||
Deferred income taxes | 2,426 | — | 3,037 | (812 | ) | 4,651 | ||||||||||||||
Other long term liabilities and deferred credits | 315 | 69 | 1,903 | — | 2,287 | |||||||||||||||
Total liabilities | 8,508 | 4,603 | 37,070 | (3,281 | ) | 46,900 | ||||||||||||||
Stockholders’ equity | ||||||||||||||||||||
Total KMI equity | 13,093 | 10,989 | 15,596 | (26,585 | ) | 13,093 | ||||||||||||||
Noncontrolling interests | — | — | 15,594 | (402 | ) | 15,192 | ||||||||||||||
Total stockholders’ equity | 13,093 | 10,989 | 31,190 | (26,987 | ) | 28,285 | ||||||||||||||
Total liabilities and stockholders’ equity | $ | 21,601 | $ | 15,592 | $ | 68,260 | $ | (30,268 | ) | $ | 75,185 | |||||||||
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net cash provided by (used in) operating activities | $ | 526 | $ | (88 | ) | $ | 1,287 | $ | (607 | ) | $ | 1,118 | ||||||||
Cash flows from investing activities | ||||||||||||||||||||
Business acquisitions | — | — | (960 | ) | — | (960 | ) | |||||||||||||
Acquisitions of other assets and investments | — | — | (30 | ) | — | (30 | ) | |||||||||||||
Capital expenditures | (15 | ) | — | (830 | ) | — | (845 | ) | ||||||||||||
Loans to related party | — | — | (17 | ) | — | (17 | ) | |||||||||||||
Funding to affiliates | (235 | ) | (1 | ) | (43 | ) | 279 | — | ||||||||||||
Investments in KMP and EPB | (11 | ) | — | — | 11 | — | ||||||||||||||
Contributions to investments | — | — | (36 | ) | — | (36 | ) | |||||||||||||
Distributions from equity investments in excess of cumulative earnings | 10 | — | 38 | (10 | ) | 38 | ||||||||||||||
Natural gas storage and natural gas and liquids line-fill | — | — | 21 | — | 21 | |||||||||||||||
Other, net | — | — | 10 | — | 10 | |||||||||||||||
Net cash (used in) provided by investing activities | (251 | ) | (1 | ) | (1,847 | ) | 280 | (1,819 | ) | |||||||||||
Cash flows from financing activities | ||||||||||||||||||||
Issuance of debt | 643 | — | 4,548 | — | 5,191 | |||||||||||||||
Payment of debt | (408 | ) | (83 | ) | (3,693 | ) | — | (4,184 | ) | |||||||||||
Funding from affiliates | 39 | 172 | 68 | (279 | ) | — | ||||||||||||||
Debt issuance costs | (2 | ) | — | (10 | ) | — | (12 | ) | ||||||||||||
Cash dividends | (425 | ) | — | — | — | (425 | ) | |||||||||||||
Repurchases of shares and warrants | (149 | ) | — | — | — | (149 | ) | |||||||||||||
Distributions to parent | — | — | (610 | ) | 610 | — | ||||||||||||||
Contributions from noncontrolling interests | — | — | 688 | (4 | ) | 684 | ||||||||||||||
Distributions to noncontrolling interests | — | — | (479 | ) | — | (479 | ) | |||||||||||||
Net cash (used in) provided by financing activities | (302 | ) | 89 | 512 | 327 | 626 | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (10 | ) | — | (10 | ) | |||||||||||||
Net decrease in cash and cash equivalents | (27 | ) | — | (58 | ) | — | (85 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 83 | — | 515 | — | 598 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 56 | $ | — | $ | 457 | $ | — | $ | 513 | ||||||||||
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net cash provided by operating activities | $ | 335 | $ | 21 | $ | 943 | $ | (532 | ) | $ | 767 | |||||||||
Cash flows from investing activities | ||||||||||||||||||||
Acquisitions of assets and investments | — | — | (4 | ) | — | (4 | ) | |||||||||||||
Capital expenditures | (11 | ) | — | (587 | ) | — | (598 | ) | ||||||||||||
Proceeds from sale of investments | — | — | 491 | — | 491 | |||||||||||||||
Repayment from related party | — | — | 10 | — | 10 | |||||||||||||||
Funding to affiliates | (65 | ) | (181 | ) | (167 | ) | 413 | — | ||||||||||||
Drop down assets to KMP | 988 | — | (988 | ) | — | — | ||||||||||||||
Investments in KMP and EPB | (7 | ) | (1 | ) | — | 8 | — | |||||||||||||
Contributions to investments | (6 | ) | — | (40 | ) | 6 | (40 | ) | ||||||||||||
Distributions from equity investments in excess of cumulative earnings | — | — | 37 | — | 37 | |||||||||||||||
Natural gas storage and natural gas and liquids line-fill | — | — | 10 | — | 10 | |||||||||||||||
Other, net | — | — | (22 | ) | — | (22 | ) | |||||||||||||
Net cash provided by (used in) investing activities | 899 | (182 | ) | (1,260 | ) | 427 | (116 | ) | ||||||||||||
Cash flows from financing activities | ||||||||||||||||||||
Issuance of debt | 520 | — | 2,699 | — | 3,219 | |||||||||||||||
Payment of debt | (1,230 | ) | (50 | ) | (1,811 | ) | — | (3,091 | ) | |||||||||||
Funding from affiliates | 55 | 166 | 192 | (413 | ) | — | ||||||||||||||
Debt issuance costs | — | — | (7 | ) | — | (7 | ) | |||||||||||||
Cash dividends | (384 | ) | — | — | — | (384 | ) | |||||||||||||
Repurchases of warrants | (80 | ) | — | — | — | (80 | ) | |||||||||||||
Distributions to parent | — | — | (530 | ) | 530 | — | ||||||||||||||
Contributions from noncontrolling interests | — | — | 471 | (6 | ) | 465 | ||||||||||||||
Distributions to noncontrolling interests | — | — | (375 | ) | — | (375 | ) | |||||||||||||
Other, net | — | — | 6 | (6 | ) | — | ||||||||||||||
Net cash (used in) provided by financing activities | (1,119 | ) | 116 | 645 | 105 | (253 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (6 | ) | — | (6 | ) | |||||||||||||
Net increase (decrease) in cash and cash equivalents | 115 | (45 | ) | 322 | — | 392 | ||||||||||||||
Cash and cash equivalents, beginning of period | 3 | 45 | 666 | — | 714 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 118 | $ | — | $ | 988 | $ | — | $ | 1,106 | ||||||||||
General_Policies
General (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Deferred Taxes [Policy Text Block] | ' |
Our accounting policy is to apply the look-through method of recording deferred taxes on the outside book tax basis differences in our investments without regard to non-tax deductible goodwill. | |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' |
Goodwill | |
We evaluate goodwill for impairment on May 31 of each year. There were no impairment charges resulting from our May 31, 2013 impairment testing, and no event indicating an impairment has occurred subsequent to that date. | |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of Presentation | |
General | |
Our reporting currency is U.S. dollars, and all references to dollars are U.S. dollars, except where stated otherwise. Canadian dollars are designated as C$. | |
Our accompanying unaudited consolidated financial statements have been prepared under the rules and regulations of the United States Securities and Exchange Commission. These rules and regulations conform to the accounting principles contained in the FASB’s Accounting Standards Codification, the single source of GAAP. Under such rules and regulations, all significant intercompany items have been eliminated in consolidation. Additionally, we have condensed or omitted certain information and notes normally included in financial statements prepared in conformity with the Codification. We believe, however, that our disclosures are adequate to make the information presented not misleading. | |
Our accompanying unaudited consolidated financial statements reflect normal adjustments, and also recurring adjustments that are, in the opinion of our management, necessary for a fair statement of our financial results for the interim periods. In addition, certain amounts from prior periods have been reclassified to conform to the current presentation (including reclassifications between “Services” and “Product sales and other” within the “Revenues” section of our accompanying consolidated statements of income). Interim results are not necessarily indicative of results for a full year; accordingly, you should read these consolidated financial statements in conjunction with our consolidated financial statements and related notes included in our 2013 Form 10-K. | |
Our consolidated financial statements include our accounts and those of our majority-owned and controlled subsidiaries including the accounts of KMP, EPB and KMR. Investments in jointly-owned operations in which we hold a 50% or less interest (other than KMP, EPB and KMR, because we have the ability to exercise significant control over their operating and financial policies) are accounted for under the equity method. | |
Notwithstanding the consolidation of KMP and EPB, and their respective subsidiaries, into our financial statements, we are not liable for, and our assets are not available to satisfy, the obligations of KMP and EPB, and/or their respective subsidiaries, and vice versa, except as discussed in Note 10, “Litigation, Environmental and Other Contingencies — Other Contingencies.” Responsibility for payments of obligations reflected in our, KMP or EPB’s financial statements is a legal determination based on the entity that incurs the liability. | |
Earnings Per Share [Policy Text Block] | ' |
Earnings per Share | |
We calculate earnings per share using the two-class method. Earnings were allocated to Class P shares of common stock and to participating securities based on the amount of dividends paid in the current period plus an allocation of the undistributed earnings or excess distributions over earnings to the extent that each security participates in earnings or excess distributions over earnings. Our unvested restricted stock awards do not participate in excess distributions over earnings. For the three months ended March 31, 2014 and 2013, the following potential weighted-average Class P common shares are antidilutive and, accordingly, are excluded from the determination of diluted earnings per share; (i) 7 million and 2 million, respectively, related to unvested restricted stock awards; (ii) 341 million and 439 million, respectively, related to outstanding warrants to purchase our Class P shares; and (iii) 10 million for each period, related to convertible trust preferred securities. |
General_Tables
General (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
Schedule of Net Income for Shareholders and Participating Securities [Table Text Block] | ' | |||||||
The following table sets forth the allocation of net income available to shareholders for Class P shares and for participating securities for the three months ended March 31, 2014 and 2013 (in millions): | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2014 | 2013 | |||||||
Net Income Available to Shareholders | ||||||||
Class P | $ | 284 | $ | 291 | ||||
Participating securities(a) | 3 | 1 | ||||||
Net Income Attributable to Kinder Morgan, Inc. | $ | 287 | $ | 292 | ||||
_______ | ||||||||
(a) | Participating securities are unvested restricted stock awards issued to management employees that contain non-forfeitable rights to dividend equivalent payments. |
Acquisitions_and_Divestitures_1
Acquisitions and Divestitures (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Business Acquisition [Line Items] | ' | ||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||
The following summarized unaudited pro forma consolidated income statement information for the three months ended March 31, 2013, assumes that KMP’s acquisitions of (i) APT, (ii) Copano and (iii) the Goldsmith Landreth oil field unit had occurred as of January 1, 2013. We prepared the following summarized unaudited pro forma financial results for comparative purposes only. The summarized unaudited pro forma financial results may not be indicative of the results that would have occurred if these acquisitions had been completed as of January 1, 2013, or the results that will be attained in the future. Amounts presented below are in millions, except for the per share amounts: | |||||
Pro Forma | |||||
Three Months Ended March 31, 2013 | |||||
(Unaudited) | |||||
Revenues | $ | 3,610 | |||
Income from Continuing Operations | 630 | ||||
Loss from Discontinued Operations, Net of Tax | (2 | ) | |||
Net Income | 628 | ||||
Net Income Attributable to Noncontrolling Interests | (356 | ) | |||
Net Income Attributable to Kinder Morgan, Inc. | 272 | ||||
Diluted Earnings per Class P Share | $ | 0.26 | |||
Kinder Morgan Energy Partners, L.P. [Member] | APT acquisition [Member] | ' | ||||
Business Acquisition [Line Items] | ' | ||||
Schedule of Purchase Price Allocation [Table Text Block] | ' | ||||
As of March 31, 2014 , KMP’s preliminary purchase price allocation related to the APT acquisition, as adjusted to date, is as follows (in millions). The evaluation of the assigned fair values is ongoing and subject to adjustment. | |||||
Preliminary Purchase Price Allocation: | |||||
Current assets | $ | 2 | |||
Property, plant and equipment | 887 | ||||
Goodwill | 68 | ||||
Other assets | 3 | ||||
Total assets acquired | 960 | ||||
Cash consideration | $ | 960 | |||
Debt_Tables
Debt (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Schedule of Debt [Table Text Block] | ' | |||||||||||||||
The following table provides detail on the principal amount of our outstanding debt balances as of March 31, 2014 and December 31, 2013. The table amounts exclude all debt fair value adjustments, including debt discounts and premiums (in millions). | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
KMI | ||||||||||||||||
Senior term loan facility, variable rate, due May 24, 2015 | $ | 1,528 | $ | 1,528 | ||||||||||||
Senior notes and debentures, 5.00% through 7.45%, due 2015 through 2098 | 1,815 | 1,815 | ||||||||||||||
Credit facility due December 31, 2014(a) | 410 | 175 | ||||||||||||||
Subsidiary borrowings (as obligor) | ||||||||||||||||
Kinder Morgan Finance Company, LLC, senior notes, 5.70% through 6.40%, due 2016 through 2036 | 1,636 | 1,636 | ||||||||||||||
El Paso, senior notes, 6.50% through 8.25%, due 2014 through 2037 | 3,830 | 3,830 | ||||||||||||||
EPC Building, LLC, promissory note, 3.967%, due 2014 through 2035 | 459 | 461 | ||||||||||||||
EP preferred securities, 4.75%, due March 31, 2028 | 280 | 280 | ||||||||||||||
Other miscellaneous subsidiary debt | 138 | 221 | ||||||||||||||
Total debt — KMI | 10,096 | 9,946 | ||||||||||||||
Less: Current portion of debt — KMI | (1,128 | ) | (725 | ) | ||||||||||||
Total long-term debt outstanding — KMI | 8,968 | 9,221 | ||||||||||||||
KMGP, $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock | 100 | 100 | ||||||||||||||
Total long-term debt — KMI(b) | $ | 9,068 | $ | 9,321 | ||||||||||||
KMP and EPB | ||||||||||||||||
KMP | ||||||||||||||||
Senior notes, 2.65% through 9.00%, due 2014 through 2044 | $ | 17,100 | $ | 15,600 | ||||||||||||
Commercial paper borrowings(c) | 419 | 979 | ||||||||||||||
Credit facility due May 1, 2018 | — | — | ||||||||||||||
KMP subsidiary borrowings (as obligor) | ||||||||||||||||
TGP senior notes, 7.00% through 8.375%, due 2016 through 2037 | 1,790 | 1,790 | ||||||||||||||
EPNG senior notes, 5.95% through 8.625%, due 2017 through 2032 | 1,115 | 1,115 | ||||||||||||||
Copano senior notes, 7.125%, due April 1, 2021 | 332 | 332 | ||||||||||||||
Other miscellaneous subsidiary debt | 97 | 98 | ||||||||||||||
Total debt — KMP | 20,853 | 19,914 | ||||||||||||||
Less: Current portion of debt — KMP(d) | (1,243 | ) | (1,504 | ) | ||||||||||||
Total long-term debt — KMP(b) | 19,610 | 18,410 | ||||||||||||||
EPB | ||||||||||||||||
EPPOC | ||||||||||||||||
Senior notes, 4.10% through 7.50%, due 2015 through 2042 | 2,260 | 2,260 | ||||||||||||||
Credit facility due May 27, 2016(e) | — | — | ||||||||||||||
EPB subsidiary borrowings (as obligor) | ||||||||||||||||
Colorado Interstate Gas Company, L.L.C. (CIG), senior notes, 5.95% through 6.85%, due 2015 through 2037 | 475 | 475 | ||||||||||||||
SLNG senior notes, 9.50% through 9.75%, due 2014 through 2016 | 64 | 135 | ||||||||||||||
SNG notes, 4.40% through 8.00%, due 2017 through 2032 | 1,211 | 1,211 | ||||||||||||||
Other financing obligations | 183 | 175 | ||||||||||||||
Total debt — EPB | 4,193 | 4,256 | ||||||||||||||
Less: Current portion of debt — EPB | (41 | ) | (77 | ) | ||||||||||||
Total long-term debt — EPB(b) | 4,152 | 4,179 | ||||||||||||||
Total long-term debt outstanding — KMP and EPB | $ | 23,762 | $ | 22,589 | ||||||||||||
_______ | ||||||||||||||||
(a) | As of March 31, 2014 and December 31, 2013, the weighted average interest rates on KMI’s credit facility borrowings were 2.66% and 2.67%, respectively. | |||||||||||||||
(b) | Excludes debt fair value adjustments. As of March 31, 2014 and December 31, 2013, our “Debt fair value adjustments” increased our combined debt balances by $1,969 million and $1,977 million, respectively. In addition to all unamortized debt discount/premium amounts and purchase accounting on our debt balances, our debt fair value adjustments also include (i) amounts associated with the offsetting entry for hedged debt; and (ii) any unamortized portion of proceeds received from the early termination of interest rate swap agreements. For further information about our debt fair value adjustments, see Note 5 “Risk Management—Debt Fair Value Adjustments.” | |||||||||||||||
(c) | As of March 31, 2014 and December 31, 2013, the average interest rates on KMP’s outstanding commercial paper borrowings were 0.26% and 0.28%, respectively. The borrowings under KMP’s commercial paper program were used principally to finance the acquisitions and capital expansions made during the first three months of 2014, and in the near term, KMP expects that its short-term liquidity and financing needs will be met primarily through borrowings made under its commercial paper program. | |||||||||||||||
(d) | Amounts include outstanding commercial paper borrowings discussed above in footnote (c). | |||||||||||||||
(e) | LIBOR plus 1.75%. | |||||||||||||||
The estimated fair value of our outstanding debt balances (both short-term and long-term and including debt fair value adjustments), is disclosed below (in millions): | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||
Value | Fair Value | Value | Fair Value | |||||||||||||
Total debt | $ | 37,211 | $ | 37,917 | $ | 36,193 | $ | 36,248 | ||||||||
Schedule of preferred share distributions [Table Text Block] | ' | |||||||||||||||
The following table provides information about KMGP’s per share distributions on 100,000 shares of its Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock: | ||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Per share cash distribution declared for the period(a) | $ | 10.333 | $ | 10.469 | ||||||||||||
Per share cash distribution paid in the period | $ | 10.57 | $ | 10.638 | ||||||||||||
_______ | ||||||||||||||||
(a) | On April 16, 2014, KMGP declared a distribution for the three months ended March 31, 2014, of $10.333 per share, which will be paid on May 19, 2014 to shareholders of record as of April 30, 2014. |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||
Schedule of Common Stock Outstanding Roll Forward | ' | ||||||||||
The following tables set forth the changes in our outstanding shares during the three months ended March 31, 2014 and 2013. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Beginning balance | 1,030,677,076 | 1,035,668,596 | |||||||||
Shares repurchased and canceled | (2,780,337 | ) | — | ||||||||
Shares issued with conversions of EP Trust I Preferred securities | 933 | 55,319 | |||||||||
Restricted shares vested | 6,500 | 7,905 | |||||||||
Ending balance | 1,027,904,172 | 1,035,731,820 | |||||||||
Schedule of Dividends Payable [Table Text Block] | ' | ||||||||||
Holders of our common stock share equally in any dividend declared by our board of directors, subject to the rights of the holders of any outstanding preferred stock. The following table provides information about our per share dividends. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Per common share cash dividend declared for the period | $ | 0.42 | $ | 0.38 | |||||||
Per common share cash dividend paid in the period | $ | 0.41 | $ | 0.37 | |||||||
Schedule of Warrants Outstanding Roll Forward [Table Text Block] | ' | ||||||||||
The table below sets forth the changes in our outstanding warrants during the three months ended March 31, 2014 and 2013. | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
Beginning balance | 347,933,107 | 439,809,442 | |||||||||
Warrants repurchased and canceled | (31,045,227 | ) | (16,969,361 | ) | |||||||
Warrants issued with conversions of EP Trust I Preferred securities | 1,430 | 84,556 | |||||||||
Ending balance | 316,889,310 | 422,924,637 | |||||||||
Schedule of Noncontrolling Interest | ' | ||||||||||
The caption “Noncontrolling interests” in our accompanying consolidated balance sheets consists of interests that we do not own in the following subsidiaries (in millions): | |||||||||||
March 31, | December 31, | ||||||||||
2014 | 2013 | ||||||||||
KMP | $ | 7,995 | $ | 7,642 | |||||||
EPB | 4,147 | 4,122 | |||||||||
KMR | 3,183 | 3,142 | |||||||||
Other | 309 | 286 | |||||||||
$ | 15,634 | $ | 15,192 | ||||||||
Schedule of noncontrolling interest contributions text block [Table Text Block] | ' | ||||||||||
The table below shows significant issuances to the public of common units or shares, the net proceeds from the issuances and the use of the proceeds during the three months ended March 31, 2014 for KMP, EPB and KMR (dollars in millions and units and shares in thousands). | |||||||||||
Issuances | Common units/shares | Net proceeds | Use of proceeds | ||||||||
(in thousands) | (in millions) | ||||||||||
KMP | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 198 | $ | 16 | Reduced borrowings under KMP's commercial paper program | |||||||
Other issuances | |||||||||||
Feb-14 | 7,935 | $ | 603 | Reduced borrowings under KMP's commercial paper program that were used to fund KMP's APT acquisition in January 2014 | |||||||
EPB | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 1,166 | $ | 35 | General partnership purposes | |||||||
KMR | |||||||||||
Issued under equity distribution agreement | |||||||||||
2014 | 76 | $ | 6 | Purchased additional KMP i-units; KMP then used proceeds to reduce borrowings under its commercial paper program | |||||||
Schedule of Distributions by Noncontrolling Interests [Table Text Block] | ' | ||||||||||
The following table provides information about distributions from our noncontrolling interests (in millions except per unit distribution amounts): | |||||||||||
Three Months Ended March 31, | |||||||||||
2014 | 2013 | ||||||||||
KMP | |||||||||||
Per unit cash distribution declared for the period | $ | 1.38 | $ | 1.3 | |||||||
Per unit cash distribution paid in the period | $ | 1.36 | $ | 1.29 | |||||||
Cash distributions paid in the period to the public | $ | 395 | $ | 299 | |||||||
EPB | |||||||||||
Per unit cash distribution declared for the period | $ | 0.65 | $ | 0.62 | |||||||
Per unit cash distribution paid in the period | $ | 0.65 | $ | 0.61 | |||||||
Cash distributions paid in the period to the public | $ | 83 | $ | 76 | |||||||
KMR(a) | |||||||||||
Share distributions paid in the period to the public | $ | 1,952,970 | $ | 1,570,118 | |||||||
_______ | |||||||||||
(a) | KMR’s distributions are paid in the form of additional shares or fractions thereof calculated by dividing the KMP cash distribution per common unit by the average of the market closing prices of a KMR share determined for a ten-trading day period ending on the trading day immediately prior to the ex-dividend date for the shares. Represents share distributions made in the period to noncontrolling interests and excludes 284,288 and 234,478 of shares distributed in the three months ended March 31, 2014 and 2013, respectively, on KMR shares we directly and indirectly own. On April 16, 2014, KMR declared a share distribution of 0.018700 shares per outstanding share (2,386,814 total shares) payable on May 15, 2014 to shareholders of record as of April 30, 2014, based on the $1.38 per common unit distribution declared by KMP. |
Risk_Management_Tables
Risk Management (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Derivative Instruments | ' | ||||||||||||||||||||||||||||
As of March 31, 2014, KMI and KMP had entered into the following outstanding commodity forward contracts to hedge their forecasted energy commodity purchases and sales: | |||||||||||||||||||||||||||||
Net open position long/(short) | |||||||||||||||||||||||||||||
Derivatives designated as hedging contracts | |||||||||||||||||||||||||||||
Crude oil fixed price | -24 | MMBbl | |||||||||||||||||||||||||||
Natural gas fixed price | -23 | Bcf | |||||||||||||||||||||||||||
Natural gas basis | -23 | Bcf | |||||||||||||||||||||||||||
Derivatives not designated as hedging contracts | |||||||||||||||||||||||||||||
Crude oil fixed price | -0.7 | MMBbl | |||||||||||||||||||||||||||
Crude oil basis | -0.7 | MMBbl | |||||||||||||||||||||||||||
Natural gas fixed price | -13.1 | Bcf | |||||||||||||||||||||||||||
Natural gas basis | -8.3 | Bcf | |||||||||||||||||||||||||||
NGL fixed price | -1 | MMBbl | |||||||||||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | ' | ||||||||||||||||||||||||||||
The following table summarizes the fair values of our derivative contracts included in our accompanying consolidated balance sheets as of March 31, 2014 and December 31, 2013 (in millions): | |||||||||||||||||||||||||||||
Fair Value of Derivative Contracts | |||||||||||||||||||||||||||||
Asset derivatives | Liability derivatives | ||||||||||||||||||||||||||||
March 31, | December 31, | March 31, | December 31, | ||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Balance sheet location | Fair value | Fair value | Fair value | Fair value | |||||||||||||||||||||||||
Derivatives designated as hedging contracts | |||||||||||||||||||||||||||||
Natural gas and crude derivative contracts | Other current assets/(Other current liabilities) | $ | 13 | $ | 18 | $ | (51 | ) | $ | (33 | ) | ||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 22 | 58 | (13 | ) | (30 | ) | |||||||||||||||||||||||
Subtotal | 35 | 76 | (64 | ) | (63 | ) | |||||||||||||||||||||||
Interest rate swap agreements | Other current assets/(Other current liabilities) | 122 | 87 | — | — | ||||||||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 170 | 172 | (94 | ) | (116 | ) | |||||||||||||||||||||||
Subtotal | 292 | 259 | (94 | ) | (116 | ) | |||||||||||||||||||||||
Total | 327 | 335 | (158 | ) | (179 | ) | |||||||||||||||||||||||
Derivatives not designated as hedging contracts | |||||||||||||||||||||||||||||
Natural gas, crude and NGL derivative contracts | Other current assets/(Other current liabilities) | 6 | 4 | (9 | ) | (5 | ) | ||||||||||||||||||||||
Subtotal | 6 | 4 | (9 | ) | (5 | ) | |||||||||||||||||||||||
Power derivative contracts | Other current assets/(Other current liabilities) | 2 | 7 | (49 | ) | (54 | ) | ||||||||||||||||||||||
Deferred charges and other assets/(Other long-term liabilities and deferred credits) | 8 | 11 | (58 | ) | (73 | ) | |||||||||||||||||||||||
Subtotal | 10 | 18 | (107 | ) | (127 | ) | |||||||||||||||||||||||
Total | 16 | 22 | (116 | ) | (132 | ) | |||||||||||||||||||||||
Total derivatives | $ | 343 | $ | 357 | $ | (274 | ) | $ | (311 | ) | |||||||||||||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | ' | ||||||||||||||||||||||||||||
The following three tables summarize the impact of our derivative contracts on our accompanying consolidated statements of income for each of the three months ended March 31, 2014 and 2013 (in millions): | |||||||||||||||||||||||||||||
Derivatives in fair value hedging relationships | Location of gain/(loss) recognized in income on derivatives | Amount of gain/(loss) recognized in income | |||||||||||||||||||||||||||
on derivatives and related hedged item(a) | |||||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Interest rate swap agreements | Interest expense | $ | 55 | $ | (88 | ) | |||||||||||||||||||||||
Total | $ | 55 | $ | (88 | ) | ||||||||||||||||||||||||
Fixed rate debt | Interest expense | $ | (55 | ) | $ | 88 | |||||||||||||||||||||||
Total | $ | (55 | ) | $ | 88 | ||||||||||||||||||||||||
_______ | |||||||||||||||||||||||||||||
(a) | Amounts reflect the change in the fair value of interest rate swap agreements and the change in the fair value of the associated fixed rate debt which exactly offset each other as a result of no hedge ineffectiveness. | ||||||||||||||||||||||||||||
Derivatives | Amount of gain/(loss) | Location of | Amount of gain/(loss) reclassified from | Location of | Amount of gain/(loss) | ||||||||||||||||||||||||
in cash flow | recognized in OCI | gain/(loss) | Accumulated OCI | gain/(loss) | recognized in income | ||||||||||||||||||||||||
hedging | on derivative(effective portion)(a) | reclassified from | into income | recognized in | on derivative | ||||||||||||||||||||||||
relationships | Accumulated OCI | (effective portion)(b) | income on | (ineffective portion | |||||||||||||||||||||||||
into income | derivative | and amount | |||||||||||||||||||||||||||
(effective | (ineffective | excluded from | |||||||||||||||||||||||||||
portion) | portion | effectiveness testing) | |||||||||||||||||||||||||||
and amount | |||||||||||||||||||||||||||||
excluded from | |||||||||||||||||||||||||||||
effectiveness | |||||||||||||||||||||||||||||
testing) | |||||||||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||
Energy commodity | $ | (43 | ) | $ | (32 | ) | Revenues—Natural | $ | (9 | ) | $ | — | Revenues—Natural | $ | — | $ | — | ||||||||||||
derivative contracts | gas sales | gas sales | |||||||||||||||||||||||||||
Revenues—Product | (6 | ) | 5 | Revenues—Product | (5 | ) | (3 | ) | |||||||||||||||||||||
sales and other | sales and other | ||||||||||||||||||||||||||||
Costs of sales | 1 | — | Costs of sales | — | — | ||||||||||||||||||||||||
Interest rate swap | (2 | ) | 1 | Interest expense | — | 1 | Interest expense | — | — | ||||||||||||||||||||
agreements | |||||||||||||||||||||||||||||
Total | $ | (45 | ) | $ | (31 | ) | Total | $ | (14 | ) | $ | 6 | Total | $ | (5 | ) | $ | (3 | ) | ||||||||||
_______ | |||||||||||||||||||||||||||||
(a) | We expect to reclassify an approximate $15 million loss associated with energy commodity price risk management activities and included in our accumulated other comprehensive loss and noncontrolling interest balances as of March 31, 2014 into earnings during the next twelve months (when the associated forecasted sales and purchases are also expected to occur), however, actual amounts reclassified into earnings could vary materially as a result of changes in market prices. | ||||||||||||||||||||||||||||
(b) | Amounts reclassified were the result of the hedged forecasted transactions actually affecting earnings (i.e., when the forecasted sales and purchases actually occurred). | ||||||||||||||||||||||||||||
Derivatives not designated as accounting hedges | Location of gain/(loss) recognized in income on derivatives | Amount of gain/(loss) recognized in income on derivatives | |||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts | Revenues—Natural gas sales | $ | (7 | ) | $ | 1 | |||||||||||||||||||||||
Revenues—Product sales and other | (1 | ) | 2 | ||||||||||||||||||||||||||
Costs of sales | 10 | — | |||||||||||||||||||||||||||
Other expense(income) | (2 | ) | — | ||||||||||||||||||||||||||
Total | $ | — | $ | 3 | |||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||||||
Changes in the components of our “Accumulated other comprehensive loss” for the three months ended March 31, 2014 and 2013 are summarized as follows (in millions): | |||||||||||||||||||||||||||||
Net unrealized | Foreign | Pension and | Total | ||||||||||||||||||||||||||
gains/(losses) | currency | other | accumulated other | ||||||||||||||||||||||||||
on cash flow | translation | postretirement | comprehensive loss | ||||||||||||||||||||||||||
hedge derivatives | adjustments | liability adjustments | |||||||||||||||||||||||||||
Balance as of December 31, 2013 | $ | (3 | ) | $ | 2 | $ | (23 | ) | $ | (24 | ) | ||||||||||||||||||
Other comprehensive loss before reclassifications | (19 | ) | (25 | ) | — | (44 | ) | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | 6 | — | — | 6 | |||||||||||||||||||||||||
Net current-period other comprehensive loss | (13 | ) | (25 | ) | — | (38 | ) | ||||||||||||||||||||||
Balance as of March 31, 2014 | $ | (16 | ) | $ | (23 | ) | $ | (23 | ) | $ | (62 | ) | |||||||||||||||||
Net unrealized | Foreign | Pension and | Total | ||||||||||||||||||||||||||
gains/(losses) | currency | other | accumulated other | ||||||||||||||||||||||||||
on cash flow | translation | postretirement | comprehensive | ||||||||||||||||||||||||||
hedge derivatives | adjustments | liability adjustments | loss | ||||||||||||||||||||||||||
Balance as of December 31, 2012 | $ | 7 | $ | 51 | $ | (176 | ) | $ | (118 | ) | |||||||||||||||||||
Other comprehensive loss before reclassifications | (16 | ) | (17 | ) | (1 | ) | (34 | ) | |||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | (4 | ) | — | — | (4 | ) | |||||||||||||||||||||||
Net current-period other comprehensive loss | (20 | ) | (17 | ) | (1 | ) | (38 | ) | |||||||||||||||||||||
Balance as of March 31, 2013 | $ | (13 | ) | $ | 34 | $ | (177 | ) | $ | (156 | ) | ||||||||||||||||||
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | ' | |||||||||||||||||||||||||||
The following tables present our derivative contracts subject to such netting agreements as of March 31, 2014 and December 31, 2013 (in millions): | ||||||||||||||||||||||||||||
Balance Sheet asset | Amounts not offset in the Balance Sheet | Net Amount | ||||||||||||||||||||||||||
fair value measurements using | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Gross Amount | Financial Instruments | Cash Collateral Held(b) | |||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | 6 | $ | 29 | $ | 16 | $ | 51 | $ | (40 | ) | $ | — | $ | 11 | |||||||||||||
Interest rate swap agreements | $ | — | $ | 292 | $ | — | $ | 292 | $ | (44 | ) | $ | — | $ | 248 | |||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | 4 | $ | 46 | $ | 48 | $ | 98 | $ | (62 | ) | $ | — | $ | 36 | |||||||||||||
Interest rate swap agreements | $ | — | $ | 259 | $ | — | $ | 259 | $ | (28 | ) | $ | — | $ | 231 | |||||||||||||
Balance Sheet liability | Amounts not offset in the Balance Sheet | Net Amount | ||||||||||||||||||||||||||
fair value measurements using | ||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Gross Amount | Financial Instruments | Cash Collateral Held(c) | |||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | (14 | ) | $ | (50 | ) | $ | (116 | ) | $ | (180 | ) | $ | 40 | $ | 22 | $ | (118 | ) | |||||||||
Interest rate swap agreements | $ | — | $ | (94 | ) | $ | — | $ | (94 | ) | $ | 44 | $ | — | $ | (50 | ) | |||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||
Energy commodity derivative contracts(a) | $ | (6 | ) | $ | (31 | ) | $ | (158 | ) | $ | (195 | ) | $ | 62 | $ | 17 | $ | (116 | ) | |||||||||
Interest rate swap agreements | $ | — | $ | (116 | ) | $ | — | $ | (116 | ) | $ | 28 | $ | — | $ | (88 | ) | |||||||||||
_______ | ||||||||||||||||||||||||||||
(a) | Level 1 consists primarily of New York Mercantile Exchange natural gas futures. Level 2 consists primarily of OTC WTI swaps. Level 3 consists primarily of WTI options, WTI basis swaps, NGL options, NGL swaps and power derivative contracts. | |||||||||||||||||||||||||||
(b) | Cash margin deposits held by KMP associated with its energy commodity contract positions and OTC swap agreements and reported within “Other current liabilities” in our accompanying consolidated balance sheets. | |||||||||||||||||||||||||||
(c) | Cash margin deposits posted by KMP associated with energy commodity contract positions and OTC swap agreements and reported within “Other current assets” in our accompanying consolidated balance sheets. | |||||||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | |||||||||||||||||||||||||||
The table below provides a summary of changes in the fair value of our Level 3 energy commodity derivative contracts for each of the three months ended March 31, 2014 and 2013 (in millions): | ||||||||||||||||||||||||||||
Significant unobservable inputs (Level 3) | ||||||||||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Derivatives-net asset (liability) | ||||||||||||||||||||||||||||
Beginning of Period | $ | (110 | ) | $ | (155 | ) | ||||||||||||||||||||||
Total gains or (losses) | ||||||||||||||||||||||||||||
Included in earnings | 7 | 5 | ||||||||||||||||||||||||||
Included in other comprehensive loss | (1 | ) | (1 | ) | ||||||||||||||||||||||||
Settlements | 4 | 9 | ||||||||||||||||||||||||||
End of Period | $ | (100 | ) | $ | (142 | ) | ||||||||||||||||||||||
The amount of total gains or (losses) for the period included in earnings attributable to the change in unrealized gains or (losses) relating to assets held at the reporting date | $ | 3 | $ | (1 | ) | |||||||||||||||||||||||
Schedule of Debt [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table provides detail on the principal amount of our outstanding debt balances as of March 31, 2014 and December 31, 2013. The table amounts exclude all debt fair value adjustments, including debt discounts and premiums (in millions). | ||||||||||||||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
KMI | ||||||||||||||||||||||||||||
Senior term loan facility, variable rate, due May 24, 2015 | $ | 1,528 | $ | 1,528 | ||||||||||||||||||||||||
Senior notes and debentures, 5.00% through 7.45%, due 2015 through 2098 | 1,815 | 1,815 | ||||||||||||||||||||||||||
Credit facility due December 31, 2014(a) | 410 | 175 | ||||||||||||||||||||||||||
Subsidiary borrowings (as obligor) | ||||||||||||||||||||||||||||
Kinder Morgan Finance Company, LLC, senior notes, 5.70% through 6.40%, due 2016 through 2036 | 1,636 | 1,636 | ||||||||||||||||||||||||||
El Paso, senior notes, 6.50% through 8.25%, due 2014 through 2037 | 3,830 | 3,830 | ||||||||||||||||||||||||||
EPC Building, LLC, promissory note, 3.967%, due 2014 through 2035 | 459 | 461 | ||||||||||||||||||||||||||
EP preferred securities, 4.75%, due March 31, 2028 | 280 | 280 | ||||||||||||||||||||||||||
Other miscellaneous subsidiary debt | 138 | 221 | ||||||||||||||||||||||||||
Total debt — KMI | 10,096 | 9,946 | ||||||||||||||||||||||||||
Less: Current portion of debt — KMI | (1,128 | ) | (725 | ) | ||||||||||||||||||||||||
Total long-term debt outstanding — KMI | 8,968 | 9,221 | ||||||||||||||||||||||||||
KMGP, $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock | 100 | 100 | ||||||||||||||||||||||||||
Total long-term debt — KMI(b) | $ | 9,068 | $ | 9,321 | ||||||||||||||||||||||||
KMP and EPB | ||||||||||||||||||||||||||||
KMP | ||||||||||||||||||||||||||||
Senior notes, 2.65% through 9.00%, due 2014 through 2044 | $ | 17,100 | $ | 15,600 | ||||||||||||||||||||||||
Commercial paper borrowings(c) | 419 | 979 | ||||||||||||||||||||||||||
Credit facility due May 1, 2018 | — | — | ||||||||||||||||||||||||||
KMP subsidiary borrowings (as obligor) | ||||||||||||||||||||||||||||
TGP senior notes, 7.00% through 8.375%, due 2016 through 2037 | 1,790 | 1,790 | ||||||||||||||||||||||||||
EPNG senior notes, 5.95% through 8.625%, due 2017 through 2032 | 1,115 | 1,115 | ||||||||||||||||||||||||||
Copano senior notes, 7.125%, due April 1, 2021 | 332 | 332 | ||||||||||||||||||||||||||
Other miscellaneous subsidiary debt | 97 | 98 | ||||||||||||||||||||||||||
Total debt — KMP | 20,853 | 19,914 | ||||||||||||||||||||||||||
Less: Current portion of debt — KMP(d) | (1,243 | ) | (1,504 | ) | ||||||||||||||||||||||||
Total long-term debt — KMP(b) | 19,610 | 18,410 | ||||||||||||||||||||||||||
EPB | ||||||||||||||||||||||||||||
EPPOC | ||||||||||||||||||||||||||||
Senior notes, 4.10% through 7.50%, due 2015 through 2042 | 2,260 | 2,260 | ||||||||||||||||||||||||||
Credit facility due May 27, 2016(e) | — | — | ||||||||||||||||||||||||||
EPB subsidiary borrowings (as obligor) | ||||||||||||||||||||||||||||
Colorado Interstate Gas Company, L.L.C. (CIG), senior notes, 5.95% through 6.85%, due 2015 through 2037 | 475 | 475 | ||||||||||||||||||||||||||
SLNG senior notes, 9.50% through 9.75%, due 2014 through 2016 | 64 | 135 | ||||||||||||||||||||||||||
SNG notes, 4.40% through 8.00%, due 2017 through 2032 | 1,211 | 1,211 | ||||||||||||||||||||||||||
Other financing obligations | 183 | 175 | ||||||||||||||||||||||||||
Total debt — EPB | 4,193 | 4,256 | ||||||||||||||||||||||||||
Less: Current portion of debt — EPB | (41 | ) | (77 | ) | ||||||||||||||||||||||||
Total long-term debt — EPB(b) | 4,152 | 4,179 | ||||||||||||||||||||||||||
Total long-term debt outstanding — KMP and EPB | $ | 23,762 | $ | 22,589 | ||||||||||||||||||||||||
_______ | ||||||||||||||||||||||||||||
(a) | As of March 31, 2014 and December 31, 2013, the weighted average interest rates on KMI’s credit facility borrowings were 2.66% and 2.67%, respectively. | |||||||||||||||||||||||||||
(b) | Excludes debt fair value adjustments. As of March 31, 2014 and December 31, 2013, our “Debt fair value adjustments” increased our combined debt balances by $1,969 million and $1,977 million, respectively. In addition to all unamortized debt discount/premium amounts and purchase accounting on our debt balances, our debt fair value adjustments also include (i) amounts associated with the offsetting entry for hedged debt; and (ii) any unamortized portion of proceeds received from the early termination of interest rate swap agreements. For further information about our debt fair value adjustments, see Note 5 “Risk Management—Debt Fair Value Adjustments.” | |||||||||||||||||||||||||||
(c) | As of March 31, 2014 and December 31, 2013, the average interest rates on KMP’s outstanding commercial paper borrowings were 0.26% and 0.28%, respectively. The borrowings under KMP’s commercial paper program were used principally to finance the acquisitions and capital expansions made during the first three months of 2014, and in the near term, KMP expects that its short-term liquidity and financing needs will be met primarily through borrowings made under its commercial paper program. | |||||||||||||||||||||||||||
(d) | Amounts include outstanding commercial paper borrowings discussed above in footnote (c). | |||||||||||||||||||||||||||
(e) | LIBOR plus 1.75%. | |||||||||||||||||||||||||||
The estimated fair value of our outstanding debt balances (both short-term and long-term and including debt fair value adjustments), is disclosed below (in millions): | ||||||||||||||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Carrying | Estimated | Carrying | Estimated | |||||||||||||||||||||||||
Value | Fair Value | Value | Fair Value | |||||||||||||||||||||||||
Total debt | $ | 37,211 | $ | 37,917 | $ | 36,193 | $ | 36,248 | ||||||||||||||||||||
Reportable_Segments_Tables
Reportable Segments (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Segment Reporting [Abstract] | ' | |||||||
Schedule of Segment Reporting Information, by Segment | ' | |||||||
Financial information by segment follows (in millions): | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Revenues | ||||||||
Natural Gas Pipelines | ||||||||
Revenues from external customers | $ | 2,557 | $ | 1,755 | ||||
Intersegment revenues | 4 | 1 | ||||||
CO2–KMP | 483 | 429 | ||||||
Products Pipelines–KMP | 534 | 454 | ||||||
Terminals–KMP | 391 | 337 | ||||||
Kinder Morgan Canada–KMP | 69 | 72 | ||||||
Other | 4 | 4 | ||||||
Total segment revenues | 4,042 | 3,052 | ||||||
Other revenues | 9 | 9 | ||||||
Less: Total intersegment revenues | (4 | ) | (1 | ) | ||||
Total consolidated revenues | $ | 4,047 | $ | 3,060 | ||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Segment EBDA(a) | ||||||||
Natural Gas Pipelines | $ | 1,071 | $ | 899 | ||||
CO2–KMP | 363 | 342 | ||||||
Products Pipelines–KMP | 208 | 185 | ||||||
Terminals–KMP | 214 | 186 | ||||||
Kinder Morgan Canada–KMP(b) | 48 | 193 | ||||||
Other | 7 | 4 | ||||||
Total segment EBDA | 1,911 | 1,809 | ||||||
Total segment DD&A expense | (496 | ) | (415 | ) | ||||
Total segment amortization of excess cost of investments | (10 | ) | (9 | ) | ||||
Other revenues | 9 | 9 | ||||||
General and administrative expense | (172 | ) | (140 | ) | ||||
Interest expense, net of unallocable interest income | (450 | ) | (409 | ) | ||||
Unallocable income tax expense | (191 | ) | (187 | ) | ||||
Loss from discontinued operations, net of tax | — | (2 | ) | |||||
Total consolidated net income | $ | 601 | $ | 656 | ||||
March 31, | December 31, | |||||||
2014 | 2013 | |||||||
Assets | ||||||||
Natural Gas Pipelines | $ | 51,927 | $ | 52,357 | ||||
CO2–KMP | 4,734 | 4,708 | ||||||
Products Pipelines–KMP | 6,801 | 6,648 | ||||||
Terminals–KMP | 7,938 | 6,888 | ||||||
Kinder Morgan Canada–KMP | 1,621 | 1,677 | ||||||
Other | 559 | 568 | ||||||
Total segment assets | 73,580 | 72,846 | ||||||
Corporate assets(c) | 2,474 | 2,339 | ||||||
Total consolidated assets | $ | 76,054 | $ | 75,185 | ||||
_______ | ||||||||
(a) | Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other income, net. Operating expenses include natural gas purchases and other costs of sales, operations and maintenance expenses, and taxes, other than income taxes. | |||||||
(b) | 2013 amount includes a $141 million increase in earnings from the after-tax gain on the sale of KMP’s investments in the Express pipeline system. | |||||||
(c) | Includes cash and cash equivalents, margin and restricted deposits, unallocable interest receivable, prepaid assets and deferred charges, risk management assets related to debt fair value adjustments and miscellaneous corporate assets (such as information technology and telecommunications equipment) not allocated to individual segments. |
Pension_and_Other_Postretireme1
Pension and Other Postretirement Benefit Plans (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ' | |||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | |||||||||||||||
The components of net benefit (credit) cost for our pension and other postretirement benefit (OPEB) plans, not including plans associated with KMP’s subsidiary, SFPP, and KMP’s foreign operations, are as follows (in millions): | ||||||||||||||||
Pension Benefits | OPEB | |||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 7 | $ | 6 | $ | — | $ | — | ||||||||
Interest cost | 27 | 23 | 7 | 5 | ||||||||||||
Expected return on assets | (43 | ) | (44 | ) | (6 | ) | (5 | ) | ||||||||
Amortization of prior service credits | — | — | (1 | ) | — | |||||||||||
Amortization of net actuarial loss | — | — | — | 1 | ||||||||||||
Settlement gain(a) | — | (3 | ) | — | — | |||||||||||
Net benefit (credit) cost | $ | (9 | ) | $ | (18 | ) | $ | — | $ | 1 | ||||||
_______ | ||||||||||||||||
(a) | Reflects the gain recognized upon the February 2013 settlement of our obligations under the El Paso Supplemental Executive Retirement Plan. |
Income_Taxes_Tables
Income Taxes (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Income Tax Disclosure [Abstract] | ' | |||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||
Income taxes from continuing operations included in our accompanying consolidated statements of income were as follows (in millions, except percentages): | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Income tax expense | $ | 200 | $ | 279 | ||||
Effective tax rate | 25 | % | 30 | % |
Reconciliation_of_Significant_1
Reconciliation of Significant Asset Balances (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Reconciliation of Significant Assets Balances | ' | |||||||
The following is a reconciliation between KMP’s and EPB’s significant asset and liability balances as reported in KMP’s and EPB’s Quarterly Reports on Form 10-Q for the quarter ended March 31, 2014 and Annual Reports on Form 10-K for the year ended December 31, 2013 and our consolidated asset and liability balances as shown on our accompanying consolidated balance sheets (in millions): | ||||||||
March 31, | 31-Dec-13 | |||||||
2014 | ||||||||
Cash and cash equivalents - KMI(a) | $ | 85 | $ | 116 | ||||
Cash and cash equivalents - KMP | 347 | 404 | ||||||
Cash and cash equivalents - EPB | 81 | 78 | ||||||
Cash and cash equivalents | $ | 513 | $ | 598 | ||||
Property, plant and equipment, net–KMI(a) | $ | 2,540 | $ | 2,563 | ||||
Property, plant and equipment, net–KMP | 28,558 | 27,405 | ||||||
Property, plant and equipment, net–EPB | 5,854 | 5,879 | ||||||
Property, plant and equipment, net | $ | 36,952 | $ | 35,847 | ||||
Goodwill–KMI(a) | $ | 17,935 | $ | 17,935 | ||||
Goodwill–KMP | 6,606 | 6,547 | ||||||
Goodwill–EPB | 22 | 22 | ||||||
Goodwill | $ | 24,563 | $ | 24,504 | ||||
Current portion of debt–KMI(a) | $ | 1,128 | $ | 725 | ||||
Current portion of debt–KMP | 1,243 | 1,504 | ||||||
Current portion of debt–EPB | 41 | 77 | ||||||
Current portion of debt | $ | 2,412 | $ | 2,306 | ||||
Long-term debt outstanding–KMI(a) | $ | 8,968 | $ | 9,221 | ||||
Long-term debt outstanding–KMP | 19,610 | 18,410 | ||||||
Long-term debt outstanding–EPB(b) | 4,152 | 4,179 | ||||||
Long-term debt outstanding | $ | 32,730 | $ | 31,810 | ||||
_______ | ||||||||
(a) | Includes assets and liabilities of KMI’s consolidated subsidiaries, excluding KMP and EPB. | |||||||
(b) | Excludes debt fair value adjustments. Decrease to long-term debt for debt fair value adjustments totaled $8 million as of both March 31, 2014 and December 31, 2013. |
Guarantee_of_Securities_of_Sub1
Guarantee of Securities of Subsidiaries (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Guarantees [Abstract] | ' | |||||||||||||||||||
Schedule of Condensed Balance Sheet [Table Text Block] | ' | |||||||||||||||||||
Condensed Consolidating Balance Sheet as of March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and cash equivalents | $ | 56 | $ | — | $ | 457 | $ | — | $ | 513 | ||||||||||
All other current assets | 642 | 3 | 2,826 | (322 | ) | 3,149 | ||||||||||||||
Property, plant and equipment, net | 25 | — | 36,927 | — | 36,952 | |||||||||||||||
Investments | — | — | 5,962 | — | 5,962 | |||||||||||||||
Investments in affiliates | 20,437 | 6,151 | — | (26,588 | ) | — | ||||||||||||||
Goodwill | — | 8,062 | 16,501 | — | 24,563 | |||||||||||||||
Notes receivable from affiliates | — | — | 1,993 | (1,993 | ) | — | ||||||||||||||
Other non-current assets | 208 | 844 | 4,679 | (816 | ) | 4,915 | ||||||||||||||
Total assets | $ | 21,368 | $ | 15,060 | $ | 69,345 | $ | (29,719 | ) | $ | 76,054 | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current portion of debt | $ | 660 | $ | 317 | $ | 1,435 | $ | — | $ | 2,412 | ||||||||||
All other current liabilities | 247 | 124 | 3,607 | (322 | ) | 3,656 | ||||||||||||||
Long-term debt | 3,117 | 3,987 | 27,695 | — | 34,799 | |||||||||||||||
Notes payable to affiliates | 1,993 | — | — | (1,993 | ) | — | ||||||||||||||
Deferred income taxes | 2,295 | — | 3,120 | (816 | ) | 4,599 | ||||||||||||||
Other long-term liabilities and deferred credits | 256 | 71 | 1,827 | — | 2,154 | |||||||||||||||
Total liabilities | 8,568 | 4,499 | 37,684 | (3,131 | ) | 47,620 | ||||||||||||||
Stockholders’ equity | ||||||||||||||||||||
Total KMI equity | 12,800 | 10,561 | 15,603 | (26,164 | ) | 12,800 | ||||||||||||||
Noncontrolling interests | — | — | 16,058 | (424 | ) | 15,634 | ||||||||||||||
Total stockholders’ equity | 12,800 | 10,561 | 31,661 | (26,588 | ) | 28,434 | ||||||||||||||
Total liabilities and stockholders’ equity | $ | 21,368 | $ | 15,060 | $ | 69,345 | $ | (29,719 | ) | $ | 76,054 | |||||||||
Condensed Consolidating Balance Sheet as of December 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and cash equivalents | $ | 83 | $ | — | $ | 515 | $ | — | $ | 598 | ||||||||||
All other current assets | 945 | 38 | 2,763 | (476 | ) | 3,270 | ||||||||||||||
Property, plant and equipment, net | 10 | — | 35,837 | — | 35,847 | |||||||||||||||
Investments | — | — | 5,951 | — | 5,951 | |||||||||||||||
Investments in affiliates | 20,336 | 6,651 | — | (26,987 | ) | — | ||||||||||||||
Goodwill | — | 8,062 | 16,442 | — | 24,504 | |||||||||||||||
Notes receivable from affiliates | — | — | 1,993 | (1,993 | ) | — | ||||||||||||||
Other non-current assets | 227 | 841 | 4,759 | (812 | ) | 5,015 | ||||||||||||||
Total assets | $ | 21,601 | $ | 15,592 | $ | 68,260 | $ | (30,268 | ) | $ | 75,185 | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current portion of debt | $ | 175 | $ | 400 | $ | 1,731 | $ | — | $ | 2,306 | ||||||||||
All other current liabilities | 228 | 135 | 3,882 | (476 | ) | 3,769 | ||||||||||||||
Long-term debt | 3,371 | 3,999 | 26,517 | — | 33,887 | |||||||||||||||
Notes payable to affiliates | 1,993 | — | — | (1,993 | ) | — | ||||||||||||||
Deferred income taxes | 2,426 | — | 3,037 | (812 | ) | 4,651 | ||||||||||||||
Other long term liabilities and deferred credits | 315 | 69 | 1,903 | — | 2,287 | |||||||||||||||
Total liabilities | 8,508 | 4,603 | 37,070 | (3,281 | ) | 46,900 | ||||||||||||||
Stockholders’ equity | ||||||||||||||||||||
Total KMI equity | 13,093 | 10,989 | 15,596 | (26,585 | ) | 13,093 | ||||||||||||||
Noncontrolling interests | — | — | 15,594 | (402 | ) | 15,192 | ||||||||||||||
Total stockholders’ equity | 13,093 | 10,989 | 31,190 | (26,987 | ) | 28,285 | ||||||||||||||
Total liabilities and stockholders’ equity | $ | 21,601 | $ | 15,592 | $ | 68,260 | $ | (30,268 | ) | $ | 75,185 | |||||||||
Schedule of Condensed Income Statement [Table Text Block] | ' | |||||||||||||||||||
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Revenues | $ | 9 | $ | — | $ | 4,048 | $ | (10 | ) | $ | 4,047 | |||||||||
Costs, expenses and other | ||||||||||||||||||||
Costs of sales | — | — | 1,643 | — | 1,643 | |||||||||||||||
Depreciation, depletion and amortization | — | — | 496 | — | 496 | |||||||||||||||
Other operating expenses | 8 | — | 763 | (10 | ) | 761 | ||||||||||||||
Total costs, expenses and other | 8 | — | 2,902 | (10 | ) | 2,900 | ||||||||||||||
Operating income | 1 | — | 1,146 | — | 1,147 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||
Earnings from equity investments | 345 | 127 | 99 | (472 | ) | 99 | ||||||||||||||
Interest, net | (73 | ) | (65 | ) | (310 | ) | — | (448 | ) | |||||||||||
Amortization of excess cost of equity investments and other, net | 1 | — | 2 | — | 3 | |||||||||||||||
Income from continuing operations before income taxes | 274 | 62 | 937 | (472 | ) | 801 | ||||||||||||||
Income tax benefit (expense) | 13 | (13 | ) | (200 | ) | — | (200 | ) | ||||||||||||
Net income | 287 | 49 | 737 | (472 | ) | 601 | ||||||||||||||
Net income attributable to noncontrolling interests | — | — | (331 | ) | 17 | (314 | ) | |||||||||||||
Net income attributable to controlling interests | $ | 287 | $ | 49 | $ | 406 | $ | (455 | ) | $ | 287 | |||||||||
Condensed Consolidating Statement of Income for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Revenues | $ | 9 | $ | — | $ | 3,058 | $ | (7 | ) | $ | 3,060 | |||||||||
Costs, expenses and other | ||||||||||||||||||||
Costs of sales | — | — | 970 | — | 970 | |||||||||||||||
Depreciation, depletion and amortization | — | — | 415 | — | 415 | |||||||||||||||
Other operating expenses | 3 | (3 | ) | 665 | (7 | ) | 658 | |||||||||||||
Total costs, expenses and other | 3 | (3 | ) | 2,050 | (7 | ) | 2,043 | |||||||||||||
Operating income | 6 | 3 | 1,008 | — | 1,017 | |||||||||||||||
Other income (expense) | ||||||||||||||||||||
Earnings from equity investments | 339 | 142 | 101 | (481 | ) | 101 | ||||||||||||||
Interest, net | (65 | ) | (106 | ) | (231 | ) | — | (402 | ) | |||||||||||
Amortization of excess cost of equity investments, gain on sale of investments and other, net | — | (1 | ) | 222 | — | 221 | ||||||||||||||
Income from continuing operations before income taxes | 280 | 38 | 1,100 | (481 | ) | 937 | ||||||||||||||
Income tax benefit (expense) | 12 | — | (291 | ) | — | (279 | ) | |||||||||||||
Income from continuing operations | 292 | 38 | 809 | (481 | ) | 658 | ||||||||||||||
Loss from discontinued operations, net of tax | — | — | (2 | ) | — | (2 | ) | |||||||||||||
Net income | 292 | 38 | 807 | (481 | ) | 656 | ||||||||||||||
Net income attributable to noncontrolling interests | — | — | (388 | ) | 24 | (364 | ) | |||||||||||||
Net income attributable to controlling interests | $ | 292 | $ | 38 | $ | 419 | $ | (457 | ) | $ | 292 | |||||||||
Condensed consolidating statement of comprehensive income [Table Text Block] | ' | |||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net income | $ | 287 | $ | 49 | $ | 737 | $ | (472 | ) | $ | 601 | |||||||||
Other comprehensive loss, net of tax | ||||||||||||||||||||
Change in fair value of derivatives utilized for hedging purposes | (19 | ) | (2 | ) | (44 | ) | 20 | (45 | ) | |||||||||||
Reclassification of change in fair value of derivatives to net income | 6 | — | 13 | (5 | ) | 14 | ||||||||||||||
Foreign currency translation adjustments | (25 | ) | — | (60 | ) | 23 | (62 | ) | ||||||||||||
Adjustments to pension and other postretirement benefit plan liabilities | — | — | (2 | ) | 1 | (1 | ) | |||||||||||||
Total other comprehensive loss | (38 | ) | (2 | ) | (93 | ) | 39 | (94 | ) | |||||||||||
Comprehensive income | 249 | 47 | 644 | (433 | ) | 507 | ||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (258 | ) | — | (258 | ) | |||||||||||||
Comprehensive income attributable to controlling interests | $ | 249 | $ | 47 | $ | 386 | $ | (433 | ) | $ | 249 | |||||||||
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net income | $ | 292 | $ | 38 | $ | 807 | $ | (481 | ) | $ | 656 | |||||||||
Other comprehensive loss, net of tax | ||||||||||||||||||||
Change in fair value of derivatives utilized for hedging purposes | (16 | ) | 1 | (30 | ) | 14 | (31 | ) | ||||||||||||
Reclassification of change in fair value of derivatives to net income | (4 | ) | (1 | ) | (6 | ) | 5 | (6 | ) | |||||||||||
Foreign currency translation adjustments | (17 | ) | — | (32 | ) | 16 | (33 | ) | ||||||||||||
Adjustments to pension and other postretirement benefit plan liabilities | (1 | ) | (3 | ) | (1 | ) | 4 | (1 | ) | |||||||||||
Total other comprehensive loss | (38 | ) | (3 | ) | (69 | ) | 39 | (71 | ) | |||||||||||
Comprehensive income | 254 | 35 | 738 | (442 | ) | 585 | ||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (331 | ) | — | (331 | ) | |||||||||||||
Comprehensive income attributable to controlling interests | $ | 254 | $ | 35 | $ | 407 | $ | (442 | ) | $ | 254 | |||||||||
Schedule of Condensed Cash Flow Statement [Table Text Block] | ' | |||||||||||||||||||
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2014 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net cash provided by (used in) operating activities | $ | 526 | $ | (88 | ) | $ | 1,287 | $ | (607 | ) | $ | 1,118 | ||||||||
Cash flows from investing activities | ||||||||||||||||||||
Business acquisitions | — | — | (960 | ) | — | (960 | ) | |||||||||||||
Acquisitions of other assets and investments | — | — | (30 | ) | — | (30 | ) | |||||||||||||
Capital expenditures | (15 | ) | — | (830 | ) | — | (845 | ) | ||||||||||||
Loans to related party | — | — | (17 | ) | — | (17 | ) | |||||||||||||
Funding to affiliates | (235 | ) | (1 | ) | (43 | ) | 279 | — | ||||||||||||
Investments in KMP and EPB | (11 | ) | — | — | 11 | — | ||||||||||||||
Contributions to investments | — | — | (36 | ) | — | (36 | ) | |||||||||||||
Distributions from equity investments in excess of cumulative earnings | 10 | — | 38 | (10 | ) | 38 | ||||||||||||||
Natural gas storage and natural gas and liquids line-fill | — | — | 21 | — | 21 | |||||||||||||||
Other, net | — | — | 10 | — | 10 | |||||||||||||||
Net cash (used in) provided by investing activities | (251 | ) | (1 | ) | (1,847 | ) | 280 | (1,819 | ) | |||||||||||
Cash flows from financing activities | ||||||||||||||||||||
Issuance of debt | 643 | — | 4,548 | — | 5,191 | |||||||||||||||
Payment of debt | (408 | ) | (83 | ) | (3,693 | ) | — | (4,184 | ) | |||||||||||
Funding from affiliates | 39 | 172 | 68 | (279 | ) | — | ||||||||||||||
Debt issuance costs | (2 | ) | — | (10 | ) | — | (12 | ) | ||||||||||||
Cash dividends | (425 | ) | — | — | — | (425 | ) | |||||||||||||
Repurchases of shares and warrants | (149 | ) | — | — | — | (149 | ) | |||||||||||||
Distributions to parent | — | — | (610 | ) | 610 | — | ||||||||||||||
Contributions from noncontrolling interests | — | — | 688 | (4 | ) | 684 | ||||||||||||||
Distributions to noncontrolling interests | — | — | (479 | ) | — | (479 | ) | |||||||||||||
Net cash (used in) provided by financing activities | (302 | ) | 89 | 512 | 327 | 626 | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (10 | ) | — | (10 | ) | |||||||||||||
Net decrease in cash and cash equivalents | (27 | ) | — | (58 | ) | — | (85 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 83 | — | 515 | — | 598 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 56 | $ | — | $ | 457 | $ | — | $ | 513 | ||||||||||
Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2013 | ||||||||||||||||||||
(In Millions) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Parent Guarantor | Subsidiary Issuers | Non-guarantor Subsidiaries | Eliminations | Consolidated KMI | ||||||||||||||||
Net cash provided by operating activities | $ | 335 | $ | 21 | $ | 943 | $ | (532 | ) | $ | 767 | |||||||||
Cash flows from investing activities | ||||||||||||||||||||
Acquisitions of assets and investments | — | — | (4 | ) | — | (4 | ) | |||||||||||||
Capital expenditures | (11 | ) | — | (587 | ) | — | (598 | ) | ||||||||||||
Proceeds from sale of investments | — | — | 491 | — | 491 | |||||||||||||||
Repayment from related party | — | — | 10 | — | 10 | |||||||||||||||
Funding to affiliates | (65 | ) | (181 | ) | (167 | ) | 413 | — | ||||||||||||
Drop down assets to KMP | 988 | — | (988 | ) | — | — | ||||||||||||||
Investments in KMP and EPB | (7 | ) | (1 | ) | — | 8 | — | |||||||||||||
Contributions to investments | (6 | ) | — | (40 | ) | 6 | (40 | ) | ||||||||||||
Distributions from equity investments in excess of cumulative earnings | — | — | 37 | — | 37 | |||||||||||||||
Natural gas storage and natural gas and liquids line-fill | — | — | 10 | — | 10 | |||||||||||||||
Other, net | — | — | (22 | ) | — | (22 | ) | |||||||||||||
Net cash provided by (used in) investing activities | 899 | (182 | ) | (1,260 | ) | 427 | (116 | ) | ||||||||||||
Cash flows from financing activities | ||||||||||||||||||||
Issuance of debt | 520 | — | 2,699 | — | 3,219 | |||||||||||||||
Payment of debt | (1,230 | ) | (50 | ) | (1,811 | ) | — | (3,091 | ) | |||||||||||
Funding from affiliates | 55 | 166 | 192 | (413 | ) | — | ||||||||||||||
Debt issuance costs | — | — | (7 | ) | — | (7 | ) | |||||||||||||
Cash dividends | (384 | ) | — | — | — | (384 | ) | |||||||||||||
Repurchases of warrants | (80 | ) | — | — | — | (80 | ) | |||||||||||||
Distributions to parent | — | — | (530 | ) | 530 | — | ||||||||||||||
Contributions from noncontrolling interests | — | — | 471 | (6 | ) | 465 | ||||||||||||||
Distributions to noncontrolling interests | — | — | (375 | ) | — | (375 | ) | |||||||||||||
Other, net | — | — | 6 | (6 | ) | — | ||||||||||||||
Net cash (used in) provided by financing activities | (1,119 | ) | 116 | 645 | 105 | (253 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (6 | ) | — | (6 | ) | |||||||||||||
Net increase (decrease) in cash and cash equivalents | 115 | (45 | ) | 322 | — | 392 | ||||||||||||||
Cash and cash equivalents, beginning of period | 3 | 45 | 666 | — | 714 | |||||||||||||||
Cash and cash equivalents, end of period | $ | 118 | $ | — | $ | 988 | $ | — | $ | 1,106 | ||||||||||
General_Organization_Details
General Organization (Details) (USD $) | 3 Months Ended | |
In Billions, except Share data in Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
General [Line Items] | ' | ' |
Enterprise Market Value | 105 | ' |
Miles Of Pipeline | 80,000 | ' |
Number Of Pipeline Terminals Owned Interest In And Or Operated | 180 | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest | 40.00% | ' |
Kinder Morgan Management, LLC [Member] | Kinder Morgan Management, LLC [Member] | ' | ' |
General [Line Items] | ' | ' |
Equity Method Investment, Voting Rights Percentage | 100.00% | ' |
Kinder Morgan Energy Partners, L.P. [Member] | ' | ' |
General [Line Items] | ' | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest | 10.00% | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 2.00% | ' |
Convertible Preferred Stock [Member] | ' | ' |
General [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 10 | 10 |
General_Basis_of_Presentation_
General Basis of Presentation (Details) (USD $) | Mar. 31, 2014 | 31-May-13 |
Segment Reporting Information [Line Items] | ' | ' |
Equity Investment, Classify as Equity Method, Percentage | 50.00% | ' |
Goodwill, Impaired, Accumulated Impairment Loss | ' | $0 |
General_Earnings_Per_Share_Det
General Earnings Per Share (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Net (loss) income attributable to Kinder Morgan, Inc. | $287 | $292 |
Class P [Member] | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Net (loss) income attributable to Kinder Morgan, Inc. | 284 | 291 |
Participating Securities [Member] | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Net (loss) income attributable to Kinder Morgan, Inc. | $3 | $1 |
Restricted Stock [Member] | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 7 | 2 |
Warrant [Member] | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 341 | 439 |
Convertible Preferred Stock [Member] | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 10 | 10 |
Acquisitions_and_Divestitures_2
Acquisitions and Divestitures American Petroleum Tankers and State Class Tankers Acquisition (Details) (USD $) | 3 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | |||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Jan. 17, 2014 | Jan. 17, 2014 | Mar. 31, 2014 | Jan. 17, 2014 | Mar. 31, 2014 | Jan. 17, 2014 | Jan. 17, 2014 | Jan. 17, 2014 | |
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Dynamics NASSCO shipyard [Member] | Dynamics NASSCO shipyard [Member] | Plan for 2014 [Member] | Plan for 2015 [Member] | Plan for 2016 [Member] | ||||
APT acquisition [Member] | American Petroleum Tankers [Member] | American Petroleum Tankers [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan G.P., Inc. [Member] | Kinder Morgan G.P., Inc. [Member] | Kinder Morgan G.P., Inc. [Member] | ||||||
bbl | State Class Tankers [Member] | State Class Tankers [Member] | APT acquisition [Member] | APT acquisition [Member] | APT acquisition [Member] | ||||||||
bbl | |||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incentive Distribution Amounts Waived | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,000,000 | $19,000,000 | $6,000,000 |
Number of Vessels | ' | ' | ' | ' | ' | ' | ' | 5 | ' | 4 | ' | ' | ' |
Tanker Capacity | ' | ' | ' | ' | ' | ' | 330,000 | ' | 330,000 | ' | ' | ' | ' |
Payments to Acquire Property, Plant, and Equipment | 845,000,000 | 598,000,000 | ' | ' | ' | ' | ' | ' | 214,000,000 | ' | ' | ' | ' |
KMP's preliminary purchase price allocation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' |
Property, plant, and equipment | ' | ' | ' | ' | ' | 887,000,000 | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 24,563,000,000 | ' | 24,504,000,000 | 6,606,000,000 | 6,547,000,000 | 68,000,000 | ' | ' | ' | ' | ' | ' | ' |
Other assets | ' | ' | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' |
Total assets acquired | ' | ' | ' | ' | ' | 960,000,000 | ' | ' | ' | ' | ' | ' | ' |
Cash consideration | ' | ' | ' | ' | ' | $960,000,000 | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_and_Divestitures_3
Acquisitions and Divestitures Other (Details) (USD $) | 0 Months Ended | 3 Months Ended | 0 Months Ended | 0 Months Ended | |||
3-May-13 | 1-May-13 | Mar. 31, 2013 | 3-May-13 | 1-May-13 | Jun. 02, 2013 | 31-May-13 | |
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan, Inc. [Member] | Common Units [Member] | Common Units [Member] | Legado Resources [Member] | Legado Resources [Member] | |
Copano Energy LLC [Member] | Copano Energy LLC [Member] | Copano Energy LLC [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | |
Copano Energy LLC [Member] | Copano Energy LLC [Member] | Goldsmith-Landreth Field Unit [Member] | Goldsmith-Landreth Field Unit [Member] | ||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred | $5,200,000,000 | ' | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Percent of Transaction Unit for Unit | ' | 100.00% | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable,Unit for Unit Exchange Ratio | ' | ' | ' | ' | 0.4563 | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | ' | ' | ' | 43,371,210 | ' | ' | ' |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | ' | ' | ' | 3,733,000,000 | ' | ' | ' |
Business Acquisition, Share Price | ' | ' | ' | ' | $86.08 | ' | ' |
Deferred Tax Liabilities, Goodwill | ' | ' | -260,000,000 | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | ' | ' | ' | ' | ' | ' | 298,000,000 |
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | 280,000,000 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | ' | ' | ' | ' | ' | 18,000,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Long-Term Asset Retirement Obligations | ' | ' | ' | ' | ' | ' | $12,000,000 |
Acquisitions_and_Divestitures_4
Acquisitions and Divestitures Pro Forma Information (Details) (USD $) | 3 Months Ended |
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2013 |
APT and SCT, Copano and the Goldsmith Landreth Unit acquisitions occurred as of beginning of reporting period [Member] | ' |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' |
Revenues | $3,610 |
Income from Continuing Operations, Net of Tax | 630 |
Loss from Discontinued Operations, Net of Tax | -2 |
Net Income Attributable to Noncontrolling Interests | -356 |
Net Income Attributable to Kinder Morgan, Inc. | 272 |
APT and SCT, Copano and the Goldsmith Landreth Unit acquisitions occurred as of beginning of reporting period [Member] | Class P [Member] | ' |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' |
Diluted Earnings Per Class P Share | $0.26 |
KMP's Copano and Goldsmith acquisitions [Member] | ' |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' |
Net Income | $628 |
Acquisitions_and_Divestitures_5
Acquisitions and Divestitures Divestitures (Details) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Jan. 18, 2013 | Mar. 14, 2013 | Mar. 14, 2013 | Mar. 31, 2013 |
Equity Method Investments [Member] | Spectra Energy Corp. [Member] | Spectra Energy Corp. [Member] | KMPbs FTC Natural Gas Pipelines [Member] | |||
BBPP Holdings Ltda [Member] | Express Pipeline System [Member] | Express Pipeline System [Member] | ||||
Equity method investment & Suboordinated debt investment [Member] | Equity method investment & Suboordinated debt investment [Member] | |||||
KMP Sale of Express Pipeline System [Member] | Kinder Morgan Energy Partners, L.P. [Member] | |||||
KMP Sale of Express Pipeline System [Member] | ||||||
Schedule of Divestitures [Line Items] | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | 33.33% | ' | ' |
Net Proceeds from Sale of Equity Method Investments | ' | ' | ' | ' | $402 | ' |
Working Capital Settlement and Selling Expenses | ' | ' | ' | 1 | ' | ' |
Proceeds from Sale of Equity Method Investments | 0 | 491 | 88 | ' | 403 | ' |
Equity Method Investment, Realized Gain (Loss) on Disposal | ' | ' | ' | ' | 225 | ' |
Income Tax Expense (Benefit) | 200 | 279 | ' | ' | 84 | ' |
Equity Method Investments | ' | ' | ' | ' | 67 | ' |
Notes Receivable, Related Parties | ' | ' | ' | ' | 110 | ' |
Loss from Discontinued Operations, Net of Tax (Note 2) | $0 | ($2) | ' | ' | ' | $2 |
Acquisitions_and_Divestitures_6
Acquisitions and Divestitures Subsequent Event-Drop-down of Assets to EPB (Details) (Drop-Down of Assets to EPB [Member], El Paso Pipeline Partners, L.P. [Member]) | Apr. 28, 2014 |
Ruby Pipeline Holding Company LLC [Member] | ' |
Business Acquisition [Line Items] | ' |
Equity Method Investment, Ownership Percentage | 50.00% |
Gulf LNG Holdings Group LLC [Member] | ' |
Business Acquisition [Line Items] | ' |
Equity Method Investment, Ownership Percentage | 50.00% |
Young Gas Storage [Member] | ' |
Business Acquisition [Line Items] | ' |
Equity Method Investment, Ownership Percentage | 47.50% |
Debt_Details
Debt (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, except Per Share data, unless otherwise specified | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan Finance Company, LLC [Member] | Kinder Morgan Finance Company, LLC [Member] | El Paso LLC [Member] | El Paso LLC [Member] | EPC Building LLC [Member] | Capital Trust I [Member] | Capital Trust I [Member] | Kinder Morgan G.P., Inc. [Member] | Kinder Morgan G.P., Inc. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | TGP [Member] | TGP [Member] | EPNG [Member] | EPNG [Member] | Copano Energy LLC [Member] | Copano Energy LLC [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | Colorado Interstate Gas Company, L.L.C. [Member] | Colorado Interstate Gas Company, L.L.C. [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | SNG [Member] | SNG [Member] | El Paso Pipeline Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. and El Paso Pipeline Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. and El Paso Pipeline Partners, L.P. [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | Low [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | High [Member] | LIBOR [Member] | Promissory note [Member] | Promissory note [Member] | ||
Senior secured term loan facility, variable, due May 24, 2015 [Member] | Senior secured term loan facility, variable, due May 24, 2015 [Member] | Senior notes and debentures, 5.00% through 7.45% [Member] | Senior notes and debentures, 5.00% through 7.45% [Member] | KMI Other Miscellaneous Subsidiary Debt [Member] | KMI Other Miscellaneous Subsidiary Debt [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | KMI 5.70% through 6.40% series, due 2016 through 2036 [Member] | KMI 5.70% through 6.40% series, due 2016 through 2036 [Member] | KMI Senior notes and debentures, 6.50% through 8.25%, due 2014 through 2037 [Member] [Member] | KMI Senior notes and debentures, 6.50% through 8.25%, due 2014 through 2037 [Member] [Member] | KMI Promissory note 3.967%, due 2014 through 2035 [Member] [Member] | KMI EP Capital Trust I, due 2028 [Member] | KMI EP Capital Trust I, due 2028 [Member] | KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | KMP Senior notes, 2.65% through 9.00%, due 2014 through 2044 [Member] | KMP Senior notes, 2.65% through 9.00%, due 2014 through 2044 [Member] | KMP Other Miscellaneous Subsidiary Debt [Member] | KMP Other Miscellaneous Subsidiary Debt [Member] | Commercial Paper [Member] | Commercial Paper [Member] | KMP Senior notes, 7.00% through 8.375%, due 2016 through 2037 [Member] | KMP Senior notes, 7.00% through 8.375%, due 2016 through 2037 [Member] | KMP 5.95% through 8.625%, due 2017 through 2032 [Member] | KMP 5.95% through 8.625%, due 2017 through 2032 [Member] | KMP 7.125% Senior Notes due April 1, 2021 (Copano) [Member] | KMP 7.125% Senior Notes due April 1, 2021 (Copano) [Member] | EPB Notes, 4.10% through 7.50%, due 2015 through 2042 [Member] [Member] | EPB Notes, 4.10% through 7.50%, due 2015 through 2042 [Member] [Member] | EPB Notes, 5.95% through 6.85%, due 2015 through 2037 [Member] | EPB Notes, 5.95% through 6.85%, due 2015 through 2037 [Member] | EPB Senior notes, 9.50% and 9.75%, due 2014 and 2016 [Member] | EPB Senior notes, 9.50% and 9.75%, due 2014 and 2016 [Member] | EPB Senior notes, 9.50%, due 2014 [Member] | EPB Notes, 4.40% through 8.00%, due 2017 through 2032 [Member] | EPB Notes, 4.40% through 8.00%, due 2017 through 2032 [Member] | EPB Other Financial Obligations [Member] [Member] | EPB Other Financial Obligations [Member] [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan Finance Company, LLC [Member] | El Paso LLC [Member] | Kinder Morgan Energy Partners, L.P. [Member] | TGP [Member] | EPNG [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | Colorado Interstate Gas Company, L.L.C. [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | SNG [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan Finance Company, LLC [Member] | El Paso LLC [Member] | Kinder Morgan Energy Partners, L.P. [Member] | TGP [Member] | EPNG [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | Colorado Interstate Gas Company, L.L.C. [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | SNG [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | EPC Building LLC [Member] | EPC Building LLC [Member] | |||||||||||||
KMI Credit Facility [Member] | KMI Credit Facility [Member] | Senior notes and debentures, 5.00% through 7.45% [Member] | KMI 5.70% through 6.40% series, due 2016 through 2036 [Member] | KMI Senior notes and debentures, 6.50% through 8.25%, due 2014 through 2037 [Member] [Member] | KMP Senior notes, 2.65% through 9.00%, due 2014 through 2044 [Member] | KMP Senior notes, 7.00% through 8.375%, due 2016 through 2037 [Member] | KMP 5.95% through 8.625%, due 2017 through 2032 [Member] | EPB Notes, 4.10% through 7.50%, due 2015 through 2042 [Member] [Member] | EPB Notes, 5.95% through 6.85%, due 2015 through 2037 [Member] | EPB Senior notes, 9.50% and 9.75%, due 2014 and 2016 [Member] | EPB Notes, 4.40% through 8.00%, due 2017 through 2032 [Member] | Senior notes and debentures, 5.00% through 7.45% [Member] | KMI 5.70% through 6.40% series, due 2016 through 2036 [Member] | KMI Senior notes and debentures, 6.50% through 8.25%, due 2014 through 2037 [Member] [Member] | KMP Senior notes, 2.65% through 9.00%, due 2014 through 2044 [Member] | KMP Senior notes, 7.00% through 8.375%, due 2016 through 2037 [Member] | KMP 5.95% through 8.625%, due 2017 through 2032 [Member] | EPB Notes, 4.10% through 7.50%, due 2015 through 2042 [Member] [Member] | EPB Notes, 5.95% through 6.85%, due 2015 through 2037 [Member] | EPB Senior notes, 9.50% and 9.75%, due 2014 and 2016 [Member] | EPB Notes, 4.40% through 8.00%, due 2017 through 2032 [Member] | Revolving Credit Facility [Member] | KMI Promissory note 3.967%, due 2014 through 2035 [Member] [Member] | KMI Promissory note 3.967%, due 2014 through 2035 [Member] [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||
EPB credit facility due May 27, 2016 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes | ' | ' | ' | ' | $1,528 | $1,528 | $1,815 | $1,815 | ' | ' | ' | ' | $1,636 | $1,636 | $3,830 | $3,830 | ' | $280 | $280 | ' | ' | ' | ' | $17,100 | $15,600 | ' | ' | ' | ' | $1,790 | $1,790 | $1,115 | $1,115 | $332 | $332 | ' | ' | $2,260 | $2,260 | $475 | $475 | $64 | $135 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | 410 | 175 | ' | ' | ' | ' | ' | ' | 410 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,211 | 1,211 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 459 | 461 |
Preferred Stock, Value, Issued | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | 100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | 138 | 221 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 97 | 98 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 183 | 175 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | 10,096 | 9,946 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,853 | 19,914 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,193 | 4,256 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Current Maturities | ' | ' | -1,128 | -725 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,243 | -1,504 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -41 | -77 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term-debt, Excluding Current Maturities, Includeing Preferred Interest | ' | ' | 8,968 | 9,221 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial Paper | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 419 | 979 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | 34,799 | 33,887 | 9,068 | 9,321 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,610 | 18,410 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,152 | 4,179 | ' | ' | 23,762 | 22,589 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, Weighted Average Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.66% | 2.67% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.26% | 0.28% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.97% | 4.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.13% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 5.70% | 6.50% | 2.65% | 7.00% | 5.95% | 4.10% | 5.95% | 9.50% | 4.40% | 7.45% | 6.40% | 8.25% | 9.00% | 8.38% | 8.63% | 7.50% | 6.85% | 9.75% | 8.00% | ' | ' | ' |
Liquidation value of note | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Fair Value Adjustments | $1,969 | $1,977 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($8) | ($8) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' |
Debt_Credit_Facilities_Details
Debt Credit Facilities (Details) (USD $) | 3 Months Ended | 0 Months Ended | |||||||||||||
Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | 3-May-13 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 28, 2014 | Jan. 15, 2014 | |
Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | KMI Credit Facility [Member] | EPB Credit Facility [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | ||
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Kinder Morgan, Inc. [Member] | El Paso Pipeline Partners Operating Company, L.L.C. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | ||||||||
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Commercial Paper [Member] | Commercial Paper [Member] | Commercial Paper [Member] | ||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | $410,000,000 | $175,000,000 | ' | $0 | $0 | ' | $0 | $0 | $410,000,000 | $0 | $0 | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,700,000,000 | ' | 2,700,000,000 | 3,700,000,000 |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,750,000,000 | ' | ' | ' | ' | ' |
Letters of Credit Outstanding, Amount | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | 202,000,000 | ' | ' | ' |
Remaining borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,265,000,000 | 1,000,000,000 | 2,000,000,000 | ' | ' | ' |
Debt Instrument, Term | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial Paper | ' | ' | ' | ' | $419,000,000 | $979,000,000 | ' | ' | ' | ' | ' | ' | $419,000,000 | ' | ' |
Debt_Changes_in_Debt_Details
Debt Changes in Debt (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 24, 2014 | Feb. 28, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Feb. 28, 2014 | Jan. 15, 2014 | Jan. 15, 2014 | Mar. 31, 2014 |
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | Southern LNG Company, L.L.C.(SLNG) [Member] | Revolving Credit Facility [Member] | Commercial Paper [Member] | Commercial Paper [Member] | Commercial Paper [Member] | UBS [Member] | UBS [Member] | |
KMP Senior Notes issued on February 24, 2014 [Member] | KMP 3.50% Senior Notes due March 1, 2021 [Member] | KMP 5.50% Senior Notes due March 1, 2044 [Member] | EPB Senior notes, 9.50%, due 2014 [Member] | EPB Senior notes, 9.50%, due 2014 [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Syndicate of of financial institutions [Member] | Syndicate of of financial institutions [Member] | |||
KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | ||||||||
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | ||||||||||||
Liquidity Facility [Member] | KMP five-year senior unsecured revolving credit facility maturing May 1, 2018. [Member] | ||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial Paper | $419,000,000 | $979,000,000 | ' | ' | ' | ' | ' | ' | $419,000,000 | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | 2,700,000,000 | ' | 2,700,000,000 | 3,700,000,000 | 1,000,000,000 | ' |
Line of Credit Facility, Amount Outstanding | 0 | 0 | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0 |
Debt Instrument, Face Amount | ' | ' | 1,500,000,000 | 750,000,000 | 750,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Long-term Debt | ' | ' | ' | 743,000,000 | 739,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | 3.50% | 5.50% | ' | 9.50% | ' | ' | ' | ' | ' | ' |
Repayments of Debt | ' | ' | ' | ' | ' | $71,000,000 | ' | ' | ' | ' | ' | ' | ' |
Debt_Kinder_Morgan_GP_Inc_Pref
Debt Kinder Morgan G.P., Inc. Preferred Shares (Details) (USD $) | 3 Months Ended | 3 Months Ended | 0 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Apr. 17, 2014 | |
Kinder Morgan G.P., Inc. [Member] | Kinder Morgan G.P., Inc. [Member] | Subsequent Event [Member] | |||
KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | Kinder Morgan G.P., Inc. [Member] | |||
KMI $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock [Member] | |||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' | ' | ' |
Preferred Stock, Shares Outstanding | 0 | 0 | 100,000 | ' | ' |
Preferred Stock, Dividends Per Share, Declared | ' | ' | $10.33 | $10.47 | $10.33 |
Preferred Stock, Dividends, Per Share, Cash Paid | ' | ' | $10.57 | $10.64 | ' |
Debt_Subsequent_Event_Details
Debt Subsequent Event (Details) (El Paso Pipeline Partners Operating Company, L.L.C. [Member], Subsequent Event [Member], EPB 4.30% Senior Notes due May 1, 2024 [Member], USD $) | Apr. 29, 2014 |
In Millions, unless otherwise specified | |
El Paso Pipeline Partners Operating Company, L.L.C. [Member] | Subsequent Event [Member] | EPB 4.30% Senior Notes due May 1, 2024 [Member] | ' |
Debt Instrument [Line Items] | ' |
Senior Notes | $600 |
Debt Instrument, Interest Rate, Stated Percentage | 4.30% |
Stockholders_Equity_Common_Equ
Stockholders' Equity Common Equity (Details) (USD $) | 0 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | |||||||||||
In Millions, except Share data, unless otherwise specified | Mar. 04, 2014 | Oct. 17, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Apr. 17, 2014 | Mar. 31, 2014 |
Class P [Member] | Class P [Member] | Class P [Member] | Class P [Member] | KMI EP Capital Trust I, due 2028 [Member] | KMI EP Capital Trust I, due 2028 [Member] | Conversion of EP Trust I Preferred Securities [Member] | Conversion of EP Trust I Preferred Securities [Member] | Subsequent Event [Member] | Kinder Morgan, Inc. [Member] | |||||||
Class P [Member] | Class P [Member] | Warrant [Member] | ||||||||||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock and or Warrant Repurchase Program, Authorized Amount | $100 | $250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares, Outstanding | ' | ' | ' | ' | ' | ' | 1,027,904,172 | 1,035,731,820 | 1,030,677,076 | 1,035,668,596 | ' | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | ' | ' | ' | ' | ' | ' | -2,780,337 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 933 | 55,319 | ' | ' | ' | ' |
Restriced shares vested (in shares) | ' | ' | ' | ' | ' | ' | 6,500 | 7,905 | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends Per Common Share Declared for the Period | ' | ' | $0.42 | $0.38 | ' | ' | $0.42 | $0.38 | ' | ' | ' | ' | ' | ' | $0.42 | ' |
Common Stock, Dividends, Per Share, Cash Paid | ' | ' | $0.41 | $0.37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Outstanding | ' | ' | 316,889,310 | 422,924,637 | 347,933,107 | 439,809,442 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Warrants Repurchased | ' | ' | -31,045,227 | -16,969,361 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock and Warrants Issued During Period Number of Warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,430 | 84,556 | ' | ' |
Debt Instrument, Convertible, Conversion Ratio | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | ' | ' | $45 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40 |
Stockholders_Equity_Noncontrol
Stockholders' Equity Noncontrolling Interests (Details) (USD $) | 3 Months Ended | 1 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | ||||||||||||||
In Millions, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Feb. 28, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 17, 2014 | Apr. 17, 2014 | Apr. 17, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Apr. 29, 2014 | Mar. 31, 2014 |
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | Kinder Morgan Management, LLC [Member] | Kinder Morgan Management, LLC [Member] | Kinder Morgan Management, LLC [Member] | Other noncontrolling interests [Member] | Other noncontrolling interests [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Dividend Declared [Member] | Equity distribution agreement [Member] | Equity distribution agreement [Member] | Equity distribution agreement [Member] | April 29, 2014 Public Offering [Member] | Additional Paid-in Capital [Member] | ||||
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Management, LLC [Member] | El Paso Pipeline Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | Kinder Morgan Management, LLC [Member] | Subsequent Event [Member] | |||||||||||||||||
El Paso Pipeline Partners, L.P. [Member] | |||||||||||||||||||||||
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interests | $15,634 | ' | $15,192 | ' | $7,995 | ' | $7,642 | $4,147 | ' | $4,122 | $3,183 | ' | $3,142 | $309 | $286 | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Shares or Equity Units Issued | ' | ' | ' | 7,935,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 198,000 | 1,166,000 | 76,000 | 7,820,000 | ' |
Noncontrolling intreests, proceeds from equity issuance | 639 | ' | ' | 603 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 35 | 6 | ' | ' |
Increase accumulated deferred income taxes | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impact of subsidiary equity transactions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 |
Declared dividend (usd per share) | ' | ' | ' | ' | $1.38 | $1.30 | ' | $0.65 | $0.62 | ' | ' | ' | ' | ' | ' | $1.38 | ' | $0.65 | ' | ' | ' | ' | ' |
Distribution Made to Limited Partner, Distributions Paid, Per Unit | ' | ' | ' | ' | $1.36 | $1.29 | ' | $0.65 | $0.61 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | ' | ' | ' | ' | $395 | $299 | ' | $83 | $76 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Shares Distributed to Noncontrolling Interest Holders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,952,970 | 1,570,118 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsidiary Share Distribution, Shares Distributed to Parent | 284,288 | 234,478 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share distribution per share outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.0187 | ' | ' | ' | ' | ' | ' |
Noncontrolling Interest, Share Distribution Declared to Noncontrolling Interest Holders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,386,814 | ' | ' | ' | ' | ' | ' |
Share Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $30.99 | ' |
Risk_Management_Energy_Commodi
Risk Management Energy Commodity Price Risk Management (Details) (Hedge Funds, Equity Long (Short) [Member], Forward Contracts [Member]) | Mar. 31, 2014 |
MMBbls | |
Designated as Hedging Instrument [Member] | Crude Oil Fixed Price (MMBbl) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -24 |
Designated as Hedging Instrument [Member] | Natural Gas Fixed Price (Bcf) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -23 |
Designated as Hedging Instrument [Member] | Natural Gas Basis (Bcf) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -23 |
Not Designated as Hedging Instrument [Member] | Crude Oil Fixed Price (MMBbl) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -0.7 |
Not Designated as Hedging Instrument [Member] | Natural Gas Fixed Price (Bcf) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -13.1 |
Not Designated as Hedging Instrument [Member] | Natural Gas Basis (Bcf) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -8.3 |
Not Designated as Hedging Instrument [Member] | Crude Oil Basis (MMBbl) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -0.7 |
Not Designated as Hedging Instrument [Member] | Natural Gas Liquids Fixed Price (MMBbl) [Member] | ' |
Derivative [Line Items] | ' |
Net open position long/(short) | -1 |
Risk_Management_Interest_Rate_
Risk Management Interest Rate Risk Management (Details) (USD $) | 1 Months Ended | ||||||
In Millions, unless otherwise specified | Feb. 28, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Feb. 28, 2014 | Dec. 31, 2013 | Mar. 31, 2014 |
Kinder Morgan Energy Partners, L.P. [Member] | fixed-to-variable interest rate swap agreement [Member] | fixed-to-variable interest rate swap agreement [Member] | fixed-to-variable interest rate swap agreement [Member] | fixed-to-variable interest rate swap agreement [Member] | fixed-to-variable interest rate swap agreement [Member] | 3.50% Senior Notes due March 1, 2021 [Member] | |
Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | ||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | $725 | $725 | $5,175 | $500 | $4,675 | ' |
Number of Fixed-to-Variable Interest Rate Swap Agreements Entered Into | 4 | ' | ' | ' | ' | ' | ' |
Interest rate, stated percentage | ' | ' | ' | ' | ' | ' | 3.50% |
Risk_Management_Fair_Value_of_
Risk Management Fair Value of Derivative Contracts (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | $343 | $357 |
Derivative Liability, Fair Value, Net | -274 | -311 |
Designated as Hedging Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 327 | 335 |
Derivative Liability, Fair Value, Net | -158 | -179 |
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 16 | 22 |
Derivative Liability, Fair Value, Net | -116 | -132 |
Commodity Contract [Member] | Designated as Hedging Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 35 | 76 |
Derivative Liability, Fair Value, Net | -64 | -63 |
Commodity Contract [Member] | Designated as Hedging Contracts [Member] | Current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 13 | 18 |
Commodity Contract [Member] | Designated as Hedging Contracts [Member] | Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -51 | -33 |
Commodity Contract [Member] | Designated as Hedging Contracts [Member] | Non-current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 22 | 58 |
Commodity Contract [Member] | Designated as Hedging Contracts [Member] | Non Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -13 | -30 |
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 6 | 4 |
Derivative Liability, Fair Value, Net | -9 | -5 |
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 6 | 4 |
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -9 | -5 |
Interest Rate Swap [Member] | Designated as Hedging Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 292 | 259 |
Derivative Liability, Fair Value, Net | -94 | -116 |
Power Derivative Contract [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 10 | 18 |
Derivative Liability, Fair Value, Net | -107 | -127 |
Power Derivative Contract [Member] | Not Designated as Hedging Instrument [Member] | Current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 2 | 7 |
Power Derivative Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -49 | -54 |
Power Derivative Contract [Member] | Not Designated as Hedging Instrument [Member] | Non-current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 8 | 11 |
Power Derivative Contract [Member] | Not Designated as Hedging Instrument [Member] | Non Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -58 | -73 |
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Contracts [Member] | Current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 122 | 87 |
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Contracts [Member] | Other Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | 0 | 0 |
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Contracts [Member] | Non-current-Fair value of derivative contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 170 | 172 |
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Contracts [Member] | Non Current Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | -94 | -116 |
Interest Rate Swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Asset, Fair Value, Net | 248 | 231 |
Interest Rate Swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Liability, Fair Value, Net | ($50) | ($88) |
Risk_Management_Debt_Fair_Valu
Risk Management Debt Fair Value Adjustment (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Increase (decrease) in debt fair value adjustment related to purchase accounting | $1,340 | $1,379 |
Amount the adjustment to fair value of debt was increased by related to the fair value of interest rate swaps | 198 | 143 |
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge | 501 | 517 |
Amount the fair value of debt adjustment was decreased by related to unamortized debt discounts | $70 | $62 |
Amortization Period of Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge | '16 years | ' |
Risk_Management_Effect_of_Deri
Risk Management Effect of Derivative Contracts on the Income Statement (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)recognized in OCI on derivative(effective portion) | ($45) | ($31) |
Interest Rate Swap [Member] | Interest expense [Member] | Fair Value Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss) recognized in income on derivative | 55 | -88 |
Interest Rate Swap [Member] | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)recognized in OCI on derivative(effective portion) | -2 | 1 |
Commodity Contract [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Loss to be reclassified within twelve months | 15 | ' |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 0 | 3 |
Commodity Contract [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) | -14 | 6 |
Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) | -5 | -3 |
Commodity Contract [Member] | Interest expense [Member] | Fair Value Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss) recognized in income on derivative | -55 | 88 |
Commodity Contract [Member] | Interest expense [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) | 0 | 1 |
Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) | 0 | 0 |
Commodity Contract [Member] | Revenues Natural Gas Sales [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | -7 | 1 |
Commodity Contract [Member] | Revenues Natural Gas Sales [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) | -9 | 0 |
Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) | 0 | 0 |
Commodity Contract [Member] | Revenues-Product sales and other [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | -1 | 2 |
Commodity Contract [Member] | Revenues-Product sales and other [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) | -6 | 5 |
Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) | -5 | -3 |
Commodity Contract [Member] | Gas purchases and other costs of sales [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 10 | 0 |
Commodity Contract [Member] | Gas purchases and other costs of sales [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)reclassified fromAccumulated OCIinto income(effective portion) | 1 | 0 |
Amount of gain/(loss)recognized in incomeon derivative(ineffective portionand amountexcluded fromeffectiveness testing) | 0 | 0 |
Commodity Contract [Member] | Other Income (Expense) [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | -2 | 0 |
Commodity Contract [Member] | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Amount of gain/(loss)recognized in OCI on derivative(effective portion) | ($43) | ($32) |
Risk_Management_Credit_Risks_D
Risk Management Credit Risks (Details) (USD $) | 3 Months Ended | ||||||
Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | |
Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | |
notches | One notch credit downgrade [Member] | Two notch credit downgrade [Member] | Commodity [Member] | Commodity [Member] | External Credit Rating, Non Investment Grade [Member] | Commodity [Member] | |
Credit Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit Outstanding, Amount | ' | ' | ' | $0 | $0 | ' | $167,000,000 |
Additional Collateral, Aggregate Fair Value | ' | $0 | $25,000,000 | ' | ' | $0 | ' |
Number of Credit Rating Notches | 2 | ' | ' | ' | ' | ' | ' |
Risk_Management_Reporting_of_A
Risk Management Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | |||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | ($16) | ($13) | ($3) | $7 |
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -23 | 34 | 2 | 51 |
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax | -23 | -177 | -23 | -176 |
Accumulated other comprehensive loss | -62 | -156 | -24 | -118 |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax Portion Attributable To Parent | -19 | -16 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | 6 | -4 | ' | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -13 | -20 | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax | -25 | -17 | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax | 0 | 0 | ' | ' |
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretiremen tBenefit Plans Net Of Tax Portion Attributable To Parent | 0 | 0 | ' | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | 0 | -1 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax | 0 | -1 | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | -38 | -38 | ' | ' |
OCI before Reclassifications [Member] | ' | ' | ' | ' |
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Other comprehensive income (loss) before reclassifications, net of tax, portion attributable to parent | -44 | -34 | ' | ' |
Amounts reclassified from AOCI [Member] | ' | ' | ' | ' |
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Other comprehensive income reclassified from accumulated other comprehensive income, net of tax, portion attributable to parent | $6 | ($4) | ' | ' |
Fair_Value_Fair_Value_of_Deriv
Fair Value Fair Value of Derivative Contracts (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | ($274) | ' | ($311) |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 343 | ' | 357 |
Fair Value, Assets Liabilites Net, Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' |
Beginning of Period | -110 | -155 | ' |
Total gains (losses), Included in earnings | 7 | 5 | ' |
Total gains (losses), Included in other comprehensive income | -1 | -1 | ' |
Settlements | 4 | 9 | ' |
End of Period | -100 | -142 | ' |
The amount of total gains or (losses) for the period included in earnings attributable to the change in unrealized gains or (losses) relating to assets held at the reporting date | 3 | -1 | ' |
Quoted prices in active markets for identical assets (Level 1) [Member] | Commodity Contract [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -14 | ' | -6 |
Derivative Assets | 6 | ' | 4 |
Quoted prices in active markets for identical assets (Level 1) [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | 0 | ' | 0 |
Derivative Assets | 0 | ' | 0 |
Significant other observable inputs (Level 2) [Member] | Commodity Contract [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -50 | ' | -31 |
Derivative Assets | 29 | ' | 46 |
Significant other observable inputs (Level 2) [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -94 | ' | -116 |
Derivative Assets | 292 | ' | 259 |
Significantunobservable inputs (Level 3) [Member] | Commodity Contract [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -116 | ' | -158 |
Derivative Assets | 16 | ' | 48 |
Significantunobservable inputs (Level 3) [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | 0 | ' | 0 |
Derivative Assets | 0 | ' | 0 |
Estimate of Fair Value [Member] | Commodity Contract [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -180 | ' | -195 |
Derivative Assets | 51 | ' | 98 |
Estimate of Fair Value [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability | -94 | ' | -116 |
Derivative Assets | 292 | ' | 259 |
Energy Related Derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 11 | ' | 36 |
Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 248 | ' | 231 |
Not Offset on Balance Sheet [Member] | Energy Related Derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Net Asset Adjustment for Financial Instruments subject to Master Netting Agreement but Presented Gross | -40 | ' | -62 |
Derivative, Collateral, Obligation to Return Cash | 0 | ' | 0 |
Not Offset on Balance Sheet [Member] | Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Net Asset Adjustment for Financial Instruments subject to Master Netting Agreement but Presented Gross | -44 | ' | -28 |
Derivative, Collateral, Obligation to Return Cash | 0 | ' | 0 |
Energy Related Derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | -118 | ' | -116 |
Energy Related Derivative [Member] | Not Offset on Balance Sheet [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Net Liability Adjustment for Financial Instruments Subject to Master Netting Agreement but Presented Gross | 40 | ' | 62 |
Derivative, Collateral, Right to Reclaim Cash | 22 | ' | 17 |
Interest Rate Swap [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | -50 | ' | -88 |
Interest Rate Swap [Member] | Not Offset on Balance Sheet [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Net Liability Adjustment for Financial Instruments Subject to Master Netting Agreement but Presented Gross | 44 | ' | 28 |
Derivative, Collateral, Right to Reclaim Cash | $0 | ' | $0 |
Fair_Value_Fair_Value_of_Finan
Fair Value Fair Value of Financial Instruments (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Reported Value Measurement [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Total debt | $37,211 | $36,193 |
Estimate of Fair Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Total debt | $37,917 | $36,248 |
Reportable_Segments_Details
Reportable Segments (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | $4,047,000,000 | $3,060,000,000 | ' |
Total segment depreciation, depletion and amortization | -496,000,000 | -415,000,000 | ' |
Total segment amortization of excess cost of investments | -10,000,000 | -9,000,000 | ' |
General and administrative expenses(c) | -172,000,000 | -140,000,000 | ' |
Unallocable Interest Expense Net Of Interest Income | -450,000,000 | -409,000,000 | ' |
Unallocable income tax expense | -191,000,000 | -187,000,000 | ' |
Loss from discontinued operations, net of tax | 0 | -2,000,000 | ' |
Net income | 601,000,000 | 656,000,000 | ' |
Assets | 76,054,000,000 | ' | 75,185,000,000 |
Gain on Sale of Investments | 0 | 225,000,000 | ' |
Natural Gas Pipelines [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 2,557,000,000 | 1,755,000,000 | ' |
Segment earnings before DD&A | 1,071,000,000 | 899,000,000 | ' |
Assets | 51,927,000,000 | ' | 52,357,000,000 |
CO2 [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 483,000,000 | 429,000,000 | ' |
Segment earnings before DD&A | 363,000,000 | 342,000,000 | ' |
Assets | 4,734,000,000 | ' | 4,708,000,000 |
Products Pipelines [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 534,000,000 | 454,000,000 | ' |
Segment earnings before DD&A | 208,000,000 | 185,000,000 | ' |
Assets | 6,801,000,000 | ' | 6,648,000,000 |
Terminals [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 391,000,000 | 337,000,000 | ' |
Segment earnings before DD&A | 214,000,000 | 186,000,000 | ' |
Assets | 7,938,000,000 | ' | 6,888,000,000 |
Kinder Morgan Canada [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 69,000,000 | 72,000,000 | ' |
Segment earnings before DD&A | 48,000,000 | 193,000,000 | ' |
Assets | 1,621,000,000 | ' | 1,677,000,000 |
All Other Segments [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 4,000,000 | 4,000,000 | ' |
Segment earnings before DD&A | 7,000,000 | 4,000,000 | ' |
Assets | 559,000,000 | ' | 568,000,000 |
Operating Segments [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 4,042,000,000 | 3,052,000,000 | ' |
Segment earnings before DD&A | 1,911,000,000 | 1,809,000,000 | ' |
Assets | 73,580,000,000 | ' | 72,846,000,000 |
Corporate [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Assets | 2,474,000,000 | ' | 2,339,000,000 |
Unallocated [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 9,000,000 | 9,000,000 | ' |
Intersegment Revenues [Member] | Natural Gas Pipelines [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | 4,000,000 | 1,000,000 | ' |
Intersegment Eliminations [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Revenues | -4,000,000 | -1,000,000 | ' |
Express Pipeline System [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Canada [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Gain on Sale of Investments | ' | $141,000,000 | ' |
Pension_and_Other_Postretireme2
Pension and Other Postretirement Benefit Plans (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Pension Plans, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Service Cost | $7 | $6 |
Defined Benefit Plan, Interest Cost | 27 | 23 |
Defined Benefit Plan, Expected Return on Plan Assets | -43 | -44 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 |
Defined Benefit Plan, Amortization of Net Gains (Losses) | 0 | 0 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | 0 | -3 |
Defined Benefit Plan, Net Periodic Benefit Cost | -9 | -18 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefit Plan, Service Cost | 0 | 0 |
Defined Benefit Plan, Interest Cost | 7 | 5 |
Defined Benefit Plan, Expected Return on Plan Assets | -6 | -5 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | -1 | 0 |
Defined Benefit Plan, Amortization of Net Gains (Losses) | 0 | 1 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | 0 | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost | $0 | $1 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating Loss Carryforwards [Line Items] | ' | ' |
Income Tax Expense (Benefit) | $200 | $279 |
Effective tax rate | 25.00% | 30.00% |
Federal statutory income tax rate | 35.00% | 35.00% |
Florida Gas Pipeline [Member] | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' |
Ownership interest | ' | 50.00% |
EPNG and EP Midstream [Member] | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' |
Ownership interest | ' | 50.00% |
Litigation_Environmental_and_O1
Litigation, Environmental and Other Contingencies Federal Energy Regulatory Commission Proceedings (Details) (Various Shippers [Member], Unfavorable Regulatory Action [Member], Federal Energy Regulatory Commission [Member], Regulated Operation [Member], USD $) | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Oct. 17, 2013 |
In Millions, unless otherwise specified | Repreations, Refunds, and Rate Reductions [Member] | Annual Rate Reductions [Member] | Revenue Subject to Refund [Member] | 2008 rate case and the 2010 rate case [Member] | Pro Forma [Member] |
Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Opinion 517 issued and implemented (rehearing pending); and Opinion 528 issued and is awaiting filing of court document) [Member] | EPNG 2010 Rate Case [Member] | |
SFPP [Member] | SFPP [Member] | SFPP [Member] | EPNG [Member] | Pending Litigation [Member] | |
EPNG [Member] | |||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' |
Loss Contingency, Period of Time Litigation Concerns | '2 years | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Value | ' | $20 | $100 | ' | ' |
Loss Contingency, Pending Claims, Number | ' | ' | ' | 2 | ' |
Litigation, Court Order, Document Filing Period | ' | ' | ' | ' | '60 days |
Litigation_Environmental_and_O2
Litigation, Environmental and Other Contingencies California Public Utilities Commission Proceedings (Details) (Regulated Operation [Member], Various Shippers [Member], California Public Utilities Commission [Member], Pending Litigation [Member], USD $) | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Jan. 30, 2012 | Jul. 20, 2013 |
In Millions, unless otherwise specified | SFPP [Member] | Reparations [Member] | Annual Revenue Reductions [Member] | Intrastate [Member] | Intrastate [Member] |
SFPP [Member] | SFPP [Member] | SFPP [Member] | Calnev Pipe Line LLC [Member] | ||
Unfavorable Regulatory Action [Member] | Unfavorable Regulatory Action [Member] | ||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' |
Loss Contingency, Number of Judges | 2 | ' | ' | ' | ' |
Public Utilities, Requested Rate Increase (Decrease), Percentage | ' | ' | ' | -7.00% | 36.00% |
Loss Contingency, Damages Sought, Value | ' | $400 | $30 | ' | ' |
Litigation_Environmental_and_O3
Litigation, Environmental and Other Contingencies Other Commercial Matters (Details) (USD $) | 9 Months Ended | 0 Months Ended | 123 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Oct. 25, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Oct. 25, 2013 | Oct. 25, 2013 | Mar. 31, 2011 |
Plains Gas Solutions, LLC v. Tennessee Gas Pipeline Company, L.L.C. et al [Member] | Union Pacific Railroad Company v. Santa Fe Pacific Pipelines, Inc., SFPP, L.P., Kinder Morgan Operating L.P. bDb, Kinder Morgan G.P., Inc., et al. [Member] | Union Pacific Railroad Company v. Santa Fe Pacific Pipelines, Inc., SFPP, L.P., Kinder Morgan Operating L.P. bDb, Kinder Morgan G.P., Inc., et al. [Member] | Union Pacific Railroad Company v. Santa Fe Pacific Pipelines, Inc., SFPP, L.P., Kinder Morgan Operating L.P. bDb, Kinder Morgan G.P., Inc., et al. [Member] | Severstal Sparrows Point Crane Collapse [Member] | Price Reporting Litigation [Member] | SFPP, L.P. vs. UPRR on relocation costs [Member] | 2014 - 2023 [Member] | EPB Acquisition of 25% Ownership Interest in SNG [Member] | |
SFPP L.P. [Member] | SFPP L.P. [Member] | SFPP L.P. [Member] | Kinder Morgan Bulk Terminals, Inc. [Member] | Kinder Morgan Bulk Terminals, Inc. [Member] | SFPP L.P. [Member] | Union Pacific Railroad Company v. Santa Fe Pacific Pipelines, Inc., SFPP, L.P., Kinder Morgan Operating L.P. bDb, Kinder Morgan G.P., Inc., et al. [Member] | Allen vs El Paso GP [Member] | ||
Pending Litigation [Member] | Pending Litigation [Member] | Loss on Long-term Purchase Commitment [Member] | Negligence Claim [Member] | Pending Litigation [Member] | Pending Litigation [Member] | SFPP L.P. [Member] | El Paso Pipeline Partners, L.P. [Member] | ||
Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | SNG [Member] | ||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lessee Leasing Arrangements, Operating Leases, Term of Contract | ' | ' | '10 years | ' | ' | ' | ' | '10 years | ' |
Loss contingency, settlement tentative by court, value | ' | ' | ' | ' | $13.79 | ' | $22.60 | ' | ' |
Loss Contingency, Initial Award Amount, Annual Rent Payable | ' | ' | ' | 14 | ' | ' | ' | ' | ' |
Loss Contingency, Estimate of Possible Loss | ' | ' | ' | 93 | ' | ' | ' | ' | ' |
Loss Contingency, Interest Associated with Judgment Amount | ' | ' | ' | 20 | ' | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Value | $100 | $22.25 | ' | ' | $30 | $140 | ' | ' | ' |
Business Acquisition, Additional Percentage of Interest Acquired | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% |
Litigation_Environmental_and_O4
Litigation, Environmental and Other Contingencies General (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Commitments and Contingencies Disclosure [Abstract] | ' | ' |
Estimated Litigation Liability | $665 | $624 |
Litigation_Environmental_and_O5
Litigation, Environmental and Other Contingencies Environmental Matters (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 1969 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Aug. 06, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2000 | Mar. 31, 2014 | Apr. 09, 2013 | Aug. 31, 2007 | Dec. 31, 2010 | Nov. 08, 2013 | Jul. 24, 2013 | Mar. 31, 2014 | Apr. 09, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 |
Rare Metals Inc. [Member] | Kinder Morgan, Inc. [Member] | Kinder Morgan, Inc. [Member] | Lower Passaic River Study Area [Member] | Roosevelt Irrigation District v. Kinder Morgan G.P., Inc., Kinder Morgan Energy Partners, L.P. , U.S. District Court, Arizona [Member] | Roosevelt Irrigation District v. Kinder Morgan G.P., Inc., Kinder Morgan Energy Partners, L.P. , U.S. District Court, Arizona [Member] | Paulsboro, New Jersey Liquids Terminal [Member] | PHMSA Inspection of Carteret Terminal [Member] | Superior Court of New Jersey, Law Division - Essex County, Docket No. L-9868-05 [Member] | Portland Harbor Superfund Site, Willamette River, Portland, Oregon [Member] | Portland Harbor Superfund Site, Willamette River, Portland, Oregon [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Lease Agreements [Member] | Various Shippers [Member] | Minimum [Member] | Maximum [Member] | Preferred alternative [Member] | |||
Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Settled [Member] | Pending Litigation [Member] | Environmental Protection Agency [Member] | Environmental Protection Agency [Member] | California Superior Court, County of Los Angeles, Case No. NC041463 [Member] | United States District Court, Southern District of California, case number 07CV1883WCAB [Member] | United States District Court, Southern District of California, case number 07CV1883WCAB [Member] | Plaquemines Parish, Louisiana (Docket No. 60-999) [Member] | Southeast Louisiana Flood Protection Litigation [Member] | Pennsylvania Department of Environmental Protection Notice of Alleged Violations [Member] | Environmental Issue [Member] | Reparations [Member] | Lower Passaic River Study Area [Member] | Lower Passaic River Study Area [Member] | Lower Passaic River Study Area [Member] | ||||||
SFPP Phoenix Terminal [Member] | SFPP Phoenix Terminal [Member] | SFPP Phoenix Terminal [Member] | GATX Terminals Corporation (n/k/a KMLT) [Member] | New Jersey Department of Environmental Protection [Member] | Allocation Process Negotiations and Awaiting Record of Decision [Member] | Allocation Process Negotiations and Awaiting Record of Decision [Member] | Settled [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Parish of Plaquemines, Louisiana [Member] | Board of Commissioners of the Southeast Louisiana Flood Protection Authority - East [Member] | Pennsylvania Department of Environmental Protection [Member] | California Superior Court, County of Los Angeles, Case No. NC041463 [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | Pending Litigation [Member] | |||||||
Unfavorable Regulatory Action [Member] | Unfavorable Regulatory Action [Member] | GATX Terminals Corporation (n/k/a KMLT) [Member] | Newark Bay Complex [Member] | GATX Terminals Corporation (n/k/a KMLT) [Member] | GATX Terminals Corporation (n/k/a KMLT) [Member] | Los Angeles Marine Terminal in the Port of Los Angeles [Member] | Mission Valley Terminal Facility [Member] | Mission Valley Terminal Facility [Member] | Bastian Bay, Buras, Empire and Fort Jackson oil and gas fields of Plaquemines Parish [Member] | TGP and SNG [Member] | TGP's 300 Line Project [Member] | Settled [Member] | California Public Utilities Commission [Member] | |||||||||||
KMEP and SFPP [Member] | KMEP and SFPP [Member] | Occidental Chemical Corporation [Member] | Terminals | Parties | Kinder Morgan Liquids Terminals, LLC [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Tennessee Gas Pipeline Company LLC [Member] | Tennessee Gas Pipeline Company LLC [Member] | Los Angeles Marine Terminal in the Port of Los Angeles [Member] | Regulated Operation [Member] | |||||||||||||
Terminals | Kinder Morgan Liquids Terminals, LLC [Member] | Unfavorable Regulatory Action [Member] | ||||||||||||||||||||||
SFPP [Member] | ||||||||||||||||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation, Number of Third Party Defendants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Time Length Over which Damage Occurred | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '40 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Liquid Terminals | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Parties Involved In Site Cleanup Allocation Negotiations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Range of Possible Loss, Percent of Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Range of Possible Loss, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lessee Leasing Arrangements, Operating Leases, Renewal Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Value | ' | ' | ' | ' | ' | ' | ' | 175,000,000 | 1,000,000 | ' | ' | ' | ' | ' | 170,000,000 | 365,000,000 | ' | ' | 1,500,000 | ' | 400,000,000 | ' | ' | ' |
Loss Contingency, Number of Defendants | ' | ' | ' | ' | ' | ' | 26 | 70 | ' | ' | ' | ' | ' | ' | ' | ' | 17 | 100 | ' | ' | ' | ' | ' | ' |
Litigation, Environmental Settlement Amount, Percentage of Cost | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Uranium Mines | ' | ' | 20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation Settlement, Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Environmental Remediation Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 365,000,000 | 3,200,000,000 | 1,700,000,000 |
Number of Facilities | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrual for environmental loss contingencies | 366,000,000 | 378,000,000 | ' | 200,000,000 | 208,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Environmental recoveries receivable | $14,000,000 | $14,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation_Environmental_and_O6
Litigation, Environmental and Other Contingencies Other Contingencies (Details) (Debt Securities [Member], USD $) | Mar. 31, 2014 |
In Millions, unless otherwise specified | |
Kinder Morgan Energy Partners, L.P. [Member] | ' |
Loss Contingencies [Line Items] | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | $5,900 |
El Paso Pipeline Partners, L.P. [Member] | ' |
Loss Contingencies [Line Items] | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | 470 |
KMI Asset Drop Down [Member] | Kinder Morgan Energy Partners, L.P. [Member] | ' |
Loss Contingencies [Line Items] | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | $5,200 |
Reconciliation_of_Significant_2
Reconciliation of Significant Asset Balances (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Debt Fair Value Adjustments | ($1,969,000,000) | ($1,977,000,000) | ' | ' |
Cash and Cash Equivalents, at Carrying Value | 513,000,000 | 598,000,000 | 1,106,000,000 | 714,000,000 |
Property, plant and equipment, net (Note 12) | 36,952,000,000 | 35,847,000,000 | ' | ' |
Goodwill | 24,563,000,000 | 24,504,000,000 | ' | ' |
Debt, Current | 2,412,000,000 | 2,306,000,000 | ' | ' |
Long-term Debt and Capital Lease Obligations, Excluding Preferred Interest | 32,730,000,000 | 31,810,000,000 | ' | ' |
Kinder Morgan, Inc. [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | 85,000,000 | 116,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 2,540,000,000 | 2,563,000,000 | ' | ' |
Goodwill | 17,935,000,000 | 17,935,000,000 | ' | ' |
Debt, Current | 1,128,000,000 | 725,000,000 | ' | ' |
Long-term debt excluding preferred interest | 8,968,000,000 | 9,221,000,000 | ' | ' |
Kinder Morgan Energy Partners, L.P. [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | 347,000,000 | 404,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 28,558,000,000 | 27,405,000,000 | ' | ' |
Goodwill | 6,606,000,000 | 6,547,000,000 | ' | ' |
Debt, Current | 1,243,000,000 | 1,504,000,000 | ' | ' |
Long-term Debt and Capital Lease Obligations | 19,610,000,000 | 18,410,000,000 | ' | ' |
El Paso Pipeline Partners, L.P. [Member] | ' | ' | ' | ' |
Debt Fair Value Adjustments | 8,000,000 | 8,000,000 | ' | ' |
Cash and Cash Equivalents, at Carrying Value | 81,000,000 | 78,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 5,854,000,000 | 5,879,000,000 | ' | ' |
Goodwill | 22,000,000 | 22,000,000 | ' | ' |
Debt, Current | 41,000,000 | 77,000,000 | ' | ' |
Long-term Debt and Capital Lease Obligations | $4,152,000,000 | $4,179,000,000 | ' | ' |
Guarantee_of_Securities_of_Sub2
Guarantee of Securities of Subsidiaries (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 |
In Billions, unless otherwise specified | El Paso Holdco [Member] | El Paso Holdco [Member] | El Paso Holdco and Finance Corp [Member] |
Kinder Morgan, Inc. [Member] | |||
Guarantor Obligations [Line Items] | ' | ' | ' |
Indemnified by parent of subsidiary debt | $3.80 | $3.80 | ' |
Ownership Percentage of Subsidiary | ' | ' | 100.00% |
Guarantee_of_Securities_of_Sub3
Guarantee of Securities of Subsidiaries Income Statement (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | $4,047,000,000 | $3,060,000,000 |
Costs and Expenses [Abstract] | ' | ' |
Depreciation, depletion and amortization | 496,000,000 | 415,000,000 |
Total Operating Costs, Expenses and Other | 2,900,000,000 | 2,043,000,000 |
Operating Income (Loss) | 1,147,000,000 | 1,017,000,000 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | 99,000,000 | 101,000,000 |
Interest, net | -448,000,000 | -402,000,000 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 801,000,000 | 937,000,000 |
Income Tax Expense (Benefit) | -200,000,000 | -279,000,000 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | 601,000,000 | 658,000,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 601,000,000 | 656,000,000 |
Net Income Attributable to Noncontrolling Interests | -314,000,000 | -364,000,000 |
Net income | 287,000,000 | 292,000,000 |
Parent Company [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | 9,000,000 | 9,000,000 |
Costs and Expenses [Abstract] | ' | ' |
Costs of sales | 0 | 0 |
Depreciation, depletion and amortization | 0 | 0 |
Other operating expenses | 8,000,000 | 3,000,000 |
Total Operating Costs, Expenses and Other | 8,000,000 | 3,000,000 |
Operating Income (Loss) | 1,000,000 | 6,000,000 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | 345,000,000 | 339,000,000 |
Interest, net | -73,000,000 | -65,000,000 |
Amortization of excess cost of equity investments, gain on sale of investments and other, net | 1,000,000 | 0 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 274,000,000 | 280,000,000 |
Income Tax Expense (Benefit) | 13,000,000 | 12,000,000 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ' | 292,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 287,000,000 | 292,000,000 |
Net Income Attributable to Noncontrolling Interests | 0 | 0 |
Net income | 287,000,000 | 292,000,000 |
Subsidiary Issuers | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | 0 | 0 |
Costs and Expenses [Abstract] | ' | ' |
Costs of sales | 0 | 0 |
Depreciation, depletion and amortization | 0 | 0 |
Other operating expenses | 0 | -3,000,000 |
Total Operating Costs, Expenses and Other | 0 | -3,000,000 |
Operating Income (Loss) | 0 | 3,000,000 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | 127,000,000 | 142,000,000 |
Interest, net | -65,000,000 | -106,000,000 |
Amortization of excess cost of equity investments, gain on sale of investments and other, net | 0 | -1,000,000 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 62,000,000 | 38,000,000 |
Income Tax Expense (Benefit) | -13,000,000 | 0 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ' | 38,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 49,000,000 | 38,000,000 |
Net Income Attributable to Noncontrolling Interests | 0 | 0 |
Net income | 49,000,000 | 38,000,000 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | 4,048,000,000 | 3,058,000,000 |
Costs and Expenses [Abstract] | ' | ' |
Costs of sales | 1,643,000,000 | 970,000,000 |
Depreciation, depletion and amortization | 496,000,000 | 415,000,000 |
Other operating expenses | 763,000,000 | 665,000,000 |
Total Operating Costs, Expenses and Other | 2,902,000,000 | 2,050,000,000 |
Operating Income (Loss) | 1,146,000,000 | 1,008,000,000 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | 99,000,000 | 101,000,000 |
Interest, net | -310,000,000 | -231,000,000 |
Amortization of excess cost of equity investments, gain on sale of investments and other, net | 2,000,000 | 222,000,000 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 937,000,000 | 1,100,000,000 |
Income Tax Expense (Benefit) | -200,000,000 | -291,000,000 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ' | 809,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | -2,000,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 737,000,000 | 807,000,000 |
Net Income Attributable to Noncontrolling Interests | -331,000,000 | -388,000,000 |
Net income | 406,000,000 | 419,000,000 |
Consolidation, Eliminations [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | -10,000,000 | -7,000,000 |
Costs and Expenses [Abstract] | ' | ' |
Costs of sales | 0 | 0 |
Depreciation, depletion and amortization | 0 | 0 |
Other operating expenses | -10,000,000 | -7,000,000 |
Total Operating Costs, Expenses and Other | -10,000,000 | -7,000,000 |
Operating Income (Loss) | 0 | 0 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | -472,000,000 | -481,000,000 |
Interest, net | 0 | 0 |
Amortization of excess cost of equity investments, gain on sale of investments and other, net | 0 | 0 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | -472,000,000 | -481,000,000 |
Income Tax Expense (Benefit) | 0 | 0 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ' | -481,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | 0 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -472,000,000 | -481,000,000 |
Net Income Attributable to Noncontrolling Interests | 17,000,000 | 24,000,000 |
Net income | -455,000,000 | -457,000,000 |
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Revenues | 4,047,000,000 | 3,060,000,000 |
Costs and Expenses [Abstract] | ' | ' |
Costs of sales | 1,643,000,000 | 970,000,000 |
Depreciation, depletion and amortization | 496,000,000 | 415,000,000 |
Other operating expenses | 761,000,000 | 658,000,000 |
Total Operating Costs, Expenses and Other | 2,900,000,000 | 2,043,000,000 |
Operating Income (Loss) | 1,147,000,000 | 1,017,000,000 |
Other Income and Expenses [Abstract] | ' | ' |
Earnings from equity investments | 99,000,000 | 101,000,000 |
Interest, net | -448,000,000 | -402,000,000 |
Amortization of excess cost of equity investments, gain on sale of investments and other, net | 3,000,000 | 221,000,000 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 801,000,000 | 937,000,000 |
Income Tax Expense (Benefit) | -200,000,000 | -279,000,000 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | ' | 658,000,000 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ' | -2,000,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 601,000,000 | 656,000,000 |
Net Income Attributable to Noncontrolling Interests | -314,000,000 | -364,000,000 |
Net income | $287,000,000 | $292,000,000 |
Guarantee_of_Securities_of_Sub4
Guarantee of Securities of Subsidiaries Comprehensive income (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $601 | $656 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -45 | -31 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 14 | -6 |
Foreign currency translation adjustments | -62 | -33 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | -1 | -1 |
Total other comprehensive income (loss) | -94 | -71 |
Comprehensive income | 507 | 585 |
Comprehensive income attributable to noncontrolling interests | -258 | -331 |
Comprehensive income attributable to controlling interests | 249 | 254 |
Parent Company [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 287 | 292 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -19 | -16 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 6 | -4 |
Foreign currency translation adjustments | -25 | -17 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | 0 | -1 |
Total other comprehensive income (loss) | -38 | -38 |
Comprehensive income | 249 | 254 |
Comprehensive income attributable to noncontrolling interests | 0 | 0 |
Comprehensive income attributable to controlling interests | 249 | 254 |
Subsidiary Issuers | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 49 | 38 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -2 | 1 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 0 | -1 |
Foreign currency translation adjustments | 0 | 0 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | 0 | -3 |
Total other comprehensive income (loss) | -2 | -3 |
Comprehensive income | 47 | 35 |
Comprehensive income attributable to noncontrolling interests | 0 | 0 |
Comprehensive income attributable to controlling interests | 47 | 35 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 737 | 807 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -44 | -30 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 13 | -6 |
Foreign currency translation adjustments | -60 | -32 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | -2 | -1 |
Total other comprehensive income (loss) | -93 | -69 |
Comprehensive income | 644 | 738 |
Comprehensive income attributable to noncontrolling interests | -258 | -331 |
Comprehensive income attributable to controlling interests | 386 | 407 |
Consolidation, Eliminations [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | -472 | -481 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | 20 | 14 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | -5 | 5 |
Foreign currency translation adjustments | 23 | 16 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | 1 | 4 |
Total other comprehensive income (loss) | 39 | 39 |
Comprehensive income | -433 | -442 |
Comprehensive income attributable to noncontrolling interests | 0 | 0 |
Comprehensive income attributable to controlling interests | -433 | -442 |
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 601 | 656 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Change in fair value of derivatives utilized for hedging purposes (net of tax benefit of $14 and $9, respectively) | -45 | -31 |
Reclassification of change in fair value of derivatives to net income (net of tax (expense) benefit of $(4) and $1, respectively) | 14 | -6 |
Foreign currency translation adjustments | -62 | -33 |
Adjustments to pension and other postretirement benefit plan liabilities (net of tax benefit of $- and $-, respectively) | -1 | -1 |
Total other comprehensive income (loss) | -94 | -71 |
Comprehensive income | 507 | 585 |
Comprehensive income attributable to noncontrolling interests | -258 | -331 |
Comprehensive income attributable to controlling interests | $249 | $254 |
Guarantee_of_Securities_of_Sub5
Guarantee of Securities of Subsidiaries Balance Sheet (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $513,000,000 | $598,000,000 | $1,106,000,000 | $714,000,000 |
Other current assets | 446,000,000 | 469,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 36,952,000,000 | 35,847,000,000 | ' | ' |
Investments | 5,962,000,000 | 5,951,000,000 | ' | ' |
Goodwill | 24,563,000,000 | 24,504,000,000 | ' | ' |
Total Assets | 76,054,000,000 | 75,185,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Long-term Debt, Excluding Current Maturities | 34,799,000,000 | 33,887,000,000 | ' | ' |
Deferred income taxes | 4,599,000,000 | 4,651,000,000 | ' | ' |
Liabilities | 47,620,000,000 | 46,900,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | 12,800,000,000 | 13,093,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 15,634,000,000 | 15,192,000,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 28,434,000,000 | 28,285,000,000 | 24,309,000,000 | 24,100,000,000 |
Total Liabilities and Stockholdersb Equity | 76,054,000,000 | 75,185,000,000 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 56,000,000 | 83,000,000 | 118,000,000 | 3,000,000 |
Other current assets | 642,000,000 | 945,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 25,000,000 | 10,000,000 | ' | ' |
Investments | 0 | 0 | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 20,437,000,000 | 20,336,000,000 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Due from Affiliate, Noncurrent | 0 | 0 | ' | ' |
Other non-current assets | 208,000,000 | 227,000,000 | ' | ' |
Total Assets | 21,368,000,000 | 21,601,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 660,000,000 | 175,000,000 | ' | ' |
All other current liabilities | 247,000,000 | 228,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | 3,117,000,000 | 3,371,000,000 | ' | ' |
Due to Affiliate, Noncurrent | 1,993,000,000 | 1,993,000,000 | ' | ' |
Deferred income taxes | 2,295,000,000 | 2,426,000,000 | ' | ' |
Other long-term liabilities and deferred credits | 256,000,000 | 315,000,000 | ' | ' |
Liabilities | 8,568,000,000 | 8,508,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | 12,800,000,000 | 13,093,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | 0 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 12,800,000,000 | 13,093,000,000 | ' | ' |
Total Liabilities and Stockholdersb Equity | 21,368,000,000 | 21,601,000,000 | ' | ' |
Subsidiary Issuers | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 45,000,000 |
Other current assets | 3,000,000 | 38,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 0 | 0 | ' | ' |
Investments | 0 | 0 | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 6,151,000,000 | 6,651,000,000 | ' | ' |
Goodwill | 8,062,000,000 | 8,062,000,000 | ' | ' |
Due from Affiliate, Noncurrent | 0 | 0 | ' | ' |
Other non-current assets | 844,000,000 | 841,000,000 | ' | ' |
Total Assets | 15,060,000,000 | 15,592,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 317,000,000 | 400,000,000 | ' | ' |
All other current liabilities | 124,000,000 | 135,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | 3,987,000,000 | 3,999,000,000 | ' | ' |
Due to Affiliate, Noncurrent | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Other long-term liabilities and deferred credits | 71,000,000 | 69,000,000 | ' | ' |
Liabilities | 4,499,000,000 | 4,603,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | 10,561,000,000 | 10,989,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 0 | 0 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 10,561,000,000 | 10,989,000,000 | ' | ' |
Total Liabilities and Stockholdersb Equity | 15,060,000,000 | 15,592,000,000 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 457,000,000 | 515,000,000 | 988,000,000 | 666,000,000 |
Other current assets | 2,826,000,000 | 2,763,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 36,927,000,000 | 35,837,000,000 | ' | ' |
Investments | 5,962,000,000 | 5,951,000,000 | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ' | ' |
Goodwill | 16,501,000,000 | 16,442,000,000 | ' | ' |
Due from Affiliate, Noncurrent | 1,993,000,000 | 1,993,000,000 | ' | ' |
Other non-current assets | 4,679,000,000 | 4,759,000,000 | ' | ' |
Total Assets | 69,345,000,000 | 68,260,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 1,435,000,000 | 1,731,000,000 | ' | ' |
All other current liabilities | 3,607,000,000 | 3,882,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | 27,695,000,000 | 26,517,000,000 | ' | ' |
Due to Affiliate, Noncurrent | 0 | 0 | ' | ' |
Deferred income taxes | 3,120,000,000 | 3,037,000,000 | ' | ' |
Other long-term liabilities and deferred credits | 1,827,000,000 | 1,903,000,000 | ' | ' |
Liabilities | 37,684,000,000 | 37,070,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | 15,603,000,000 | 15,596,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 16,058,000,000 | 15,594,000,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 31,661,000,000 | 31,190,000,000 | ' | ' |
Total Liabilities and Stockholdersb Equity | 69,345,000,000 | 68,260,000,000 | ' | ' |
Consolidation, Eliminations [Member] | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Other current assets | -322,000,000 | -476,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 0 | 0 | ' | ' |
Investments | 0 | 0 | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | -26,588,000,000 | -26,987,000,000 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Due from Affiliate, Noncurrent | -1,993,000,000 | -1,993,000,000 | ' | ' |
Other non-current assets | -816,000,000 | -812,000,000 | ' | ' |
Total Assets | -29,719,000,000 | -30,268,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 0 | 0 | ' | ' |
All other current liabilities | -322,000,000 | -476,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | 0 | 0 | ' | ' |
Due to Affiliate, Noncurrent | -1,993,000,000 | -1,993,000,000 | ' | ' |
Deferred income taxes | -816,000,000 | -812,000,000 | ' | ' |
Other long-term liabilities and deferred credits | 0 | 0 | ' | ' |
Liabilities | -3,131,000,000 | -3,281,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | -26,164,000,000 | -26,585,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | -424,000,000 | -402,000,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | -26,588,000,000 | -26,987,000,000 | ' | ' |
Total Liabilities and Stockholdersb Equity | -29,719,000,000 | -30,268,000,000 | ' | ' |
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 513,000,000 | 598,000,000 | 1,106,000,000 | 714,000,000 |
Other current assets | 3,149,000,000 | 3,270,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 36,952,000,000 | 35,847,000,000 | ' | ' |
Investments | 5,962,000,000 | 5,951,000,000 | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 0 | 0 | ' | ' |
Goodwill | 24,563,000,000 | 24,504,000,000 | ' | ' |
Due from Affiliate, Noncurrent | 0 | 0 | ' | ' |
Other non-current assets | 4,915,000,000 | 5,015,000,000 | ' | ' |
Total Assets | 76,054,000,000 | 75,185,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 2,412,000,000 | 2,306,000,000 | ' | ' |
All other current liabilities | 3,656,000,000 | 3,769,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | 34,799,000,000 | 33,887,000,000 | ' | ' |
Due to Affiliate, Noncurrent | 0 | 0 | ' | ' |
Deferred income taxes | 4,599,000,000 | 4,651,000,000 | ' | ' |
Other long-term liabilities and deferred credits | 2,154,000,000 | 2,287,000,000 | ' | ' |
Liabilities | 47,620,000,000 | 46,900,000,000 | ' | ' |
Stockholders' Equity Attributable to Parent | 12,800,000,000 | 13,093,000,000 | ' | ' |
Stockholders' Equity Attributable to Noncontrolling Interest | 15,634,000,000 | 15,192,000,000 | ' | ' |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 28,434,000,000 | 28,285,000,000 | ' | ' |
Total Liabilities and Stockholdersb Equity | 76,054,000,000 | 75,185,000,000 | ' | ' |
Kinder Morgan, Inc. [Member] | ' | ' | ' | ' |
Assets [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | 85,000,000 | 116,000,000 | ' | ' |
Property, plant and equipment, net (Note 12) | 2,540,000,000 | 2,563,000,000 | ' | ' |
Goodwill | 17,935,000,000 | 17,935,000,000 | ' | ' |
LIABILITIES AND STOCKHOLDERSb EQUITY | ' | ' | ' | ' |
Current portion of debt | 1,128,000,000 | 725,000,000 | ' | ' |
Long-term Debt, Excluding Current Maturities | $9,068,000,000 | $9,321,000,000 | ' | ' |
Guarantee_of_Securities_of_Sub6
Guarantee of Securities of Subsidiaries Cash Flows (Details) (USD $) | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 |
KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Parent Company [Member] | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Subsidiary Issuers | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | |||
KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | KMP and EPB [Member] | KMP and EPB [Member] | Kinder Morgan Energy Partners, L.P. [Member] | APT and SCT [Member] | Other Acquisitions [Member] | Other Acquisitions [Member] | |||||||||||||||||||||
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by operating activities | $1,118 | $767 | ' | ' | ' | ' | ' | ' | ' | ' | $526 | $335 | ' | ' | ' | ' | ' | ' | ($88) | $21 | ' | ' | ' | ' | ' | ' | $1,287 | $943 | ' | ' | ' | ' | ' | ' | ($607) | ($532) | ' | ' | ' | ' | ' | ' | $1,118 | $767 | ' | ' | ' | ' | ' | ' |
Cash flows from investing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Businesses, Net of Cash Acquired | ' | ' | ' | ' | ' | ' | -960 | 0 | -30 | -4 | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | -960 | -30 | -4 | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | -960 | -30 | -4 |
Capital expenditures | -845 | -598 | ' | ' | ' | ' | ' | ' | ' | ' | -15 | -11 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -830 | -587 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -845 | -598 | ' | ' | ' | ' | ' | ' |
Proceeds from sales of investments | 0 | 491 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 491 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 491 | ' | ' | ' | ' | ' | ' |
(Loans to) repayments from related party | -17 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -17 | 10 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -17 | 10 | ' | ' | ' | ' | ' | ' |
Funding to Affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -235 | -65 | ' | ' | ' | ' | ' | ' | -1 | -181 | ' | ' | ' | ' | ' | ' | -43 | -167 | ' | ' | ' | ' | ' | ' | 279 | 413 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' |
Drop down assets to KMP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 988 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | -988 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' |
Investments in KMP and EPB | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11 | -7 | ' | ' | ' | ' | ' | ' | 0 | -1 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 11 | 8 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' |
Contributions to investments | -36 | -40 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -6 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -36 | -40 | ' | ' | ' | ' | ' | ' | 0 | 6 | ' | ' | ' | ' | ' | ' | -36 | -40 | ' | ' | ' | ' | ' | ' |
Distributions from equity investments in excess of cumulative earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 38 | 37 | ' | ' | ' | ' | ' | ' | -10 | 0 | ' | ' | ' | ' | ' | ' | 38 | 37 | ' | ' | ' | ' | ' | ' |
Natural gas storage and natural gas and liquids line-fill | 21 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 21 | 10 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 21 | 10 | ' | ' | ' | ' | ' | ' |
Other, net | -9 | -19 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 10 | -22 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 10 | -22 | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Investing Activities | -1,819 | -116 | ' | ' | ' | ' | ' | ' | ' | ' | -251 | 899 | ' | ' | ' | ' | ' | ' | -1 | -182 | ' | ' | ' | ' | ' | ' | -1,847 | -1,260 | ' | ' | ' | ' | ' | ' | 280 | 427 | ' | ' | ' | ' | ' | ' | -1,819 | -116 | ' | ' | ' | ' | ' | ' |
Cash flows from financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 643 | 520 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 4,548 | 2,699 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 5,191 | 3,219 | ' | ' | ' | ' | ' | ' |
Payment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -408 | -1,230 | ' | ' | ' | ' | ' | ' | -83 | -50 | ' | ' | ' | ' | ' | ' | -3,693 | -1,811 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -4,184 | -3,091 | ' | ' | ' | ' | ' | ' |
Funding from affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39 | 55 | ' | ' | ' | ' | ' | ' | 172 | 166 | ' | ' | ' | ' | ' | ' | 68 | 192 | ' | ' | ' | ' | ' | ' | -279 | -413 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' |
Debt issue costs | -12 | -7 | ' | ' | ' | ' | ' | ' | ' | ' | -2 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -10 | -7 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -12 | -7 | ' | ' | ' | ' | ' | ' |
Cash dividends | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -425 | -384 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -425 | -384 | ' | ' | ' | ' | ' | ' |
Repurchases of shares and warrants | -149 | -80 | ' | ' | ' | ' | ' | ' | ' | ' | -149 | -80 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -149 | -80 | ' | ' | ' | ' | ' | ' |
Distributions to parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -610 | -530 | ' | ' | ' | ' | ' | ' | 610 | 530 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' |
Contributions from noncontrolling interests | 684 | 465 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 688 | 471 | ' | ' | ' | ' | ' | ' | -4 | -6 | ' | ' | ' | ' | ' | ' | 684 | 465 | ' | ' | ' | ' | ' | ' |
Distributions to noncontrolling interests | -479 | -375 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -479 | -375 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -479 | -375 | ' | ' | ' | ' | ' | ' |
Other, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' | -6 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Financing Activities | 626 | -253 | ' | ' | ' | ' | ' | ' | ' | ' | -302 | -1,119 | ' | ' | ' | ' | ' | ' | 89 | 116 | ' | ' | ' | ' | ' | ' | 512 | 645 | ' | ' | ' | ' | ' | ' | 327 | 105 | ' | ' | ' | ' | ' | ' | 626 | -253 | ' | ' | ' | ' | ' | ' |
Effect of Exchange Rate on Cash and Cash Equivalents | -10 | -6 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -10 | -6 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -10 | -6 | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, Period Increase (Decrease) | -85 | 392 | ' | ' | ' | ' | ' | ' | ' | ' | -27 | 115 | ' | ' | ' | ' | ' | ' | 0 | -45 | ' | ' | ' | ' | ' | ' | -58 | 322 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | -85 | 392 | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, beginning of period | 598 | 714 | 428 | 482 | 347 | 404 | ' | ' | ' | ' | 83 | 3 | ' | ' | ' | ' | ' | ' | 0 | 45 | ' | ' | ' | ' | ' | ' | 515 | 666 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 598 | 714 | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, end of period | $513 | $1,106 | $428 | $482 | $347 | $404 | ' | ' | ' | ' | $56 | $118 | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | $457 | $988 | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | $513 | $1,106 | ' | ' | ' | ' | ' | ' |