Guarantees [Text Block] | Guarantee of Securities of Subsidiaries KMI, along with its direct and indirect subsidiaries KMP and Copano, are issuers of certain public debt securities. After the completion of the Merger Transactions, KMI, KMP, Copano and substantially all of KMI’s wholly owned domestic subsidiaries, entered into a cross guarantee agreement whereby each party to the agreement unconditionally guarantees, jointly and severally, the payment of specified indebtedness of each other party to the agreement. Accordingly, with the exception of certain subsidiaries identified as Subsidiary Non-Guarantors, the parent issuer, subsidiary issuers and other subsidiaries are all guarantors of each series of public debt. As a result of the cross guarantee agreement, a holder of any of the guaranteed public debt securities issued by KMI, KMP or Copano are in the same position with respect to the net assets, income and cash flows of KMI and the Subsidiary Issuers and Guarantors. The only amounts that are not available to the holders of each of the guaranteed public debt securities to satisfy the repayment of such securities are the net assets, income and cash flows of the Subsidiary Non-Guarantors. In lieu of providing separate financial statements for each subsidiary issuer and guarantor, we have included the accompanying condensed consolidating financial statements based on Rule 3-10 of the SEC’s Regulation S-X. We have presented each of the parent and subsidiary issuers in separate columns in this single set of condensed consolidating financial statements. Excluding fair value adjustments, as of September 30, 2015 , Parent Issuer and Guarantor, Subsidiary Issuer and Guarantor-KMP, Subsidiary Issuer and Guarantor-Copano, and Subsidiary Guarantors had $13,853 million , $20,360 million , $332 million , and $7,222 million of Guaranteed Notes outstanding, respectively. Included in the Subsidiary Guarantors debt balance as presented in the accompanying September 30, 2015 condensed consolidating balance sheets are approximately $177 million of capitalized lease debt that is not subject to the cross guarantee agreement. The accounts within the Parent Issuer and Guarantor, Subsidiary Issuer and Guarantor-KMP, Subsidiary Issuer and Guarantor-Copano, Subsidiary Guarantors and Subsidiary Non-Guarantors are presented using the equity method of accounting for investments in subsidiaries, including subsidiaries that are guarantors and non-guarantors, for purposes of these condensed consolidating financial statements only. These intercompany investments and related activity eliminate in consolidation and are presented separately in the accompanying balance sheets and statements of income and cash flows. A significant amount of each Issuers’ income and cash flow is generated by its respective subsidiaries. As a result, the funds necessary to meet its debt service and/or guarantee obligations are provided in large part by distributions or advances it receives from its respective subsidiaries. We utilize a centralized cash pooling program among our majority-owned and consolidated subsidiaries, including the Subsidiary Issuers and Guarantors and Subsidiary Non-Guarantors. The following Condensed Consolidating Statements of Cash Flows present the intercompany loan and distribution activity, as well as cash collection and payments made on behalf of our subsidiaries, as cash activities. On January 1, 2015, EPB and its subsidiary, EPPOC merged with and into KMP with KMP surviving the merger. As a result of such merger, all of the wholly owned subsidiaries of EPB became wholly owned subsidiaries of KMP and effective January 1, 2015, EPB is no longer a Subsidiary Issuer and Guarantor. The condensed consolidating financial information reflects this transaction for all periods presented below. Effective November 26, 2014, the Merger Transactions close date, KMR merged into KMI. Therefore, for all periods presented KMR’s financial statement balances and activities are reflected within the Parent Issuer and Guarantor column. Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended September 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 9 $ — $ — $ 3,289 $ 421 $ (12 ) $ 3,707 Operating costs, expenses and other Costs of sales — — — 1,007 98 1 1,106 Depreciation, depletion and amortization 6 — — 508 103 — 617 Other operating expenses 16 1 (2 ) 1,100 161 (13 ) 1,263 Total operating costs, expenses and other 22 1 (2 ) 2,615 362 (12 ) 2,986 Operating (loss) income (13 ) (1 ) 2 674 59 — 721 Other income (expense) Earnings from consolidated subsidiaries 366 484 48 376 10 (1,284 ) — Earnings from equity investments — — — 114 — — 114 Interest, net (155 ) 23 (12 ) (381 ) (15 ) — (540 ) Amortization of excess cost of equity investments and other, net — — — (5 ) 1 — (4 ) Income before income taxes 198 506 38 778 55 (1,284 ) 291 Income tax expense (12 ) (2 ) — (93 ) (1 ) — (108 ) Net income 186 504 38 685 54 (1,284 ) 183 Net loss attributable to noncontrolling interests — — — — — 3 3 Net income attributable to controlling interests $ 186 $ 504 $ 38 $ 685 $ 54 $ (1,281 ) $ 186 Net Income $ 186 $ 504 $ 38 $ 685 $ 54 $ (1,284 ) $ 183 Total other comprehensive loss (37 ) (42 ) — (24 ) (125 ) 191 (37 ) Comprehensive income (loss) 149 462 38 661 (71 ) (1,093 ) 146 Comprehensive loss attributable to noncontrolling interests — — — — — 3 3 Comprehensive income (loss) attributable to controlling interests $ 149 $ 462 $ 38 $ 661 $ (71 ) $ (1,090 ) $ 149 Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended September 30, 2014 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 9 $ — $ — $ 3,649 $ 637 $ (4 ) $ 4,291 Operating costs, expenses and other Costs of sales — — — 1,510 124 8 1,642 Depreciation, depletion and amortization 5 — — 423 92 — 520 Other operating expenses 4 2 9 667 127 (12 ) 797 Total operating costs, expenses and other 9 2 9 2,600 343 (4 ) 2,959 Operating (loss) income — (2 ) (9 ) 1,049 294 — 1,332 Other income (expense) Earnings from consolidated subsidiaries 581 1,126 59 640 487 (2,893 ) — Earnings from equity investments — — — 108 (1 ) — 107 Interest, net (111 ) (28 ) (13 ) (261 ) (19 ) — (432 ) Amortization of excess cost of equity investments and other, net — — — (6 ) 24 — 18 Income before income taxes 470 1,096 37 1,530 785 (2,893 ) 1,025 Income tax expense (57 ) (3 ) — (21 ) (165 ) — (246 ) Net income 413 1,093 37 1,509 620 (2,893 ) 779 Net income attributable to noncontrolling interests (84 ) (44 ) — — — (322 ) (450 ) Net income attributable to controlling interests $ 329 $ 1,049 $ 37 $ 1,509 $ 620 $ (3,215 ) $ 329 Net Income $ 413 $ 1,093 $ 37 $ 1,509 $ 620 $ (2,893 ) $ 779 Total other comprehensive income (loss) 24 58 — 85 (83 ) (38 ) 46 Comprehensive income 437 1,151 37 1,594 537 (2,931 ) 825 Comprehensive income attributable to noncontrolling interests (90 ) (45 ) — — — (343 ) (478 ) Comprehensive income attributable to controlling interests $ 347 $ 1,106 $ 37 $ 1,594 $ 537 $ (3,274 ) $ 347 Condensed Consolidating Statements of Income and Comprehensive Income for the Nine Months Ended September 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 28 $ — $ — $ 9,565 $ 1,210 $ (36 ) $ 10,767 Operating costs, expenses and other Costs of sales — — — 2,997 282 2 3,281 Depreciation, depletion and amortization 16 — — 1,423 286 — 1,725 Other operating expenses 66 39 (1 ) 2,552 452 (38 ) 3,070 Total operating costs, expenses and other 82 39 (1 ) 6,972 1,020 (36 ) 8,076 Operating (loss) income (54 ) (39 ) 1 2,593 190 — 2,691 Other income (expense) Earnings from consolidated subsidiaries 1,454 2,033 20 1,510 41 (5,058 ) — Earnings from equity investments — — — 304 — — 304 Interest, net (356 ) 30 (36 ) (1,133 ) (29 ) — (1,524 ) Amortization of excess cost of equity investments and other, net — — — (13 ) 7 — (6 ) Income (loss) before income taxes 1,044 2,024 (15 ) 3,261 209 (5,058 ) 1,465 Income tax expense (96 ) (6 ) — (409 ) (10 ) — (521 ) Net income (loss) 948 2,018 (15 ) 2,852 199 (5,058 ) 944 Net loss attributable to noncontrolling interests — — — — — 4 4 Net income (loss) attributable to controlling interests $ 948 $ 2,018 $ (15 ) $ 2,852 $ 199 $ (5,054 ) $ 948 Net Income (loss) $ 948 $ 2,018 $ (15 ) $ 2,852 $ 199 $ (5,058 ) $ 944 Total other comprehensive loss (311 ) (419 ) — (525 ) (266 ) 1,210 (311 ) Comprehensive income (loss) 637 1,599 (15 ) 2,327 (67 ) (3,848 ) 633 Comprehensive loss attributable to noncontrolling interests — — — — — 4 4 Comprehensive income (loss) attributable to controlling interests $ 637 $ 1,599 $ (15 ) $ 2,327 $ (67 ) $ (3,844 ) $ 637 Condensed Consolidating Statements of Income and Comprehensive Income for the Nine Months Ended September 30, 2014 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 27 $ — $ — $ 10,784 $ 1,465 $ (1 ) $ 12,275 Operating costs, expenses and other Costs of sales — — — 4,467 393 35 4,895 Depreciation, depletion and amortization 15 — — 1,232 271 — 1,518 Other operating expenses 24 5 24 1,980 373 (36 ) 2,370 Total operating costs, expenses and other 39 5 24 7,679 1,037 (1 ) 8,783 Operating (loss) income (12 ) (5 ) (24 ) 3,105 428 — 3,492 Other income (expense) Earnings from consolidated subsidiaries 1,554 2,897 159 1,432 1,414 (7,456 ) — Earnings from equity investments — — — 307 (1 ) — 306 Interest, net (373 ) (80 ) (35 ) (766 ) (66 ) — (1,320 ) Amortization of excess cost of equity investments and other, net — — — (13 ) 36 — 23 Income before income taxes 1,169 2,812 100 4,065 1,811 (7,456 ) 2,501 Income tax expense (98 ) (8 ) — (50 ) (468 ) — (624 ) Net income 1,071 2,804 100 4,015 1,343 (7,456 ) 1,877 Net income attributable to noncontrolling interests (171 ) (156 ) — — — (650 ) (977 ) Net income attributable to controlling interests $ 900 $ 2,648 $ 100 $ 4,015 $ 1,343 $ (8,106 ) $ 900 Net Income $ 1,071 $ 2,804 $ 100 $ 4,015 $ 1,343 $ (7,456 ) $ 1,877 Total other comprehensive loss (33 ) (93 ) — (106 ) (128 ) 290 (70 ) Comprehensive income 1,038 2,711 100 3,909 1,215 (7,166 ) 1,807 Comprehensive income attributable to noncontrolling interests (164 ) (152 ) — — — (617 ) (933 ) Comprehensive income attributable to controlling interests $ 874 $ 2,559 $ 100 $ 3,909 $ 1,215 $ (7,783 ) $ 874 Condensed Consolidating Balance Sheets as of December 31, 2014 (In Millions) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI ASSETS Cash and cash equivalents $ 4 $ 15 $ — $ 17 $ 279 $ — $ 315 Other current assets - affiliates 1,868 1,335 11 11,573 403 (15,190 ) — All other current assets 397 152 3 2,547 358 (20 ) 3,437 Property, plant and equipment, net 263 — 5 29,490 8,806 — 38,564 Investments 16 1 — 5,910 109 — 6,036 Investments in subsidiaries 31,372 33,414 1,911 17,868 3,337 (87,902 ) — Goodwill 15,087 22 920 5,419 3,206 — 24,654 Notes receivable from affiliates 4,459 19,832 — 2,415 496 (27,202 ) — Deferred tax assets — — — 9,256 — (3,605 ) 5,651 Other non-current assets 258 249 — 3,772 113 — 4,392 Total assets $ 53,724 $ 55,020 $ 2,850 $ 88,267 $ 17,107 $ (133,919 ) $ 83,049 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Current portion of debt $ 1,486 $ 699 $ — $ 381 $ 151 $ — $ 2,717 Other current liabilities - affiliates 709 11,949 115 1,551 866 (15,190 ) — All other current liabilities 319 498 12 1,812 1,024 (20 ) 3,645 Long-term debt 11,833 20,564 386 6,599 715 — 40,097 Notes payable to affiliates 2,619 153 753 22,437 1,240 (27,202 ) — Deferred income taxes 2,099 — 2 — 1,504 (3,605 ) — Other long-term liabilities and deferred credits 583 78 2 987 514 — 2,164 Total liabilities 19,648 33,941 1,270 33,767 6,014 (46,017 ) 48,623 Stockholders’ equity Total KMI equity 34,076 21,079 1,580 54,500 11,093 (88,252 ) 34,076 Noncontrolling interests — — — — — 350 350 Total stockholders’ equity 34,076 21,079 1,580 54,500 11,093 (87,902 ) 34,426 Total liabilities and stockholders’ equity $ 53,724 $ 55,020 $ 2,850 $ 88,267 $ 17,107 $ (133,919 ) $ 83,049 Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Net cash (used in) provided by operating activities $ (2,208 ) $ 5,917 $ 81 $ 6,834 $ 193 $ (7,310 ) $ 3,507 Cash flows from investing activities Funding to affiliates (1,767 ) (7,699 ) (2 ) (7,293 ) (597 ) 17,358 — Capital expenditures (9 ) — (3 ) (2,747 ) (245 ) 5 (2,999 ) Contributions to investments (5 ) — — (62 ) (7 ) 5 (69 ) Investment in KMP (159 ) — — — — 159 — Acquisitions of assets and investments (1,709 ) — — (210 ) — — (1,919 ) Distributions from equity investments in excess of cumulative earnings 1,060 — — 113 — (992 ) 181 Other, net — 16 5 50 18 (5 ) 84 Net cash used in investing activities (2,589 ) (7,683 ) — (10,149 ) (831 ) 16,530 (4,722 ) Cash flows from financing activities Issuances of debt 12,281 — — — — — 12,281 Payments of debt (11,544 ) (300 ) — (42 ) (7 ) — (11,893 ) Funding from (to) affiliates 3,351 5,602 (81 ) 7,842 644 (17,358 ) — Debt issue costs (20 ) — — — — — (20 ) Issuances of shares 3,833 — — — — — 3,833 Cash dividends (3,084 ) — — — — — (3,084 ) Repurchases of warrants (12 ) — — — — — (12 ) Contributions from parents — 156 — 3 12 (171 ) — Contributions from noncontrolling interests — — — — — 7 7 Distributions to parents — (3,706 ) — (4,480 ) (141 ) 8,327 — Distributions to noncontrolling interests — — — — — (25 ) (25 ) Other, net — (1 ) — — — — (1 ) Net cash provided by (used in) financing activities 4,805 1,751 (81 ) 3,323 508 (9,220 ) 1,086 Effect of exchange rate changes on cash and cash equivalents — — — — (7 ) — (7 ) Net increase (decrease) in cash and cash equivalents 8 (15 ) — 8 (137 ) — (136 ) Cash and cash equivalents, beginning of period 4 15 — 17 279 — 315 Cash and cash equivalents, end of period $ 12 $ — $ — $ 25 $ 142 $ — $ 179 Condensed Consolidating Statements of Cash Flows for the Nine Months Ended September 30, 2014 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Net cash provided by (used in) operating activities $ 1,166 $ 2,868 $ (92 ) $ 3,897 $ 1,219 $ (5,566 ) $ 3,492 Cash flows from investing activities Funding to affiliates (197 ) (5,037 ) — (2,785 ) (1,149 ) 9,168 — Capital expenditures (11 ) — (64 ) (2,254 ) (548 ) 199 (2,678 ) Contributions to investments — (118 ) — (342 ) — 118 (342 ) Investment in KMP (34 ) — — — — 34 — Drop down assets to KMP 875 (875 ) — — — — — Acquisitions of assets and investments — — — (1,085 ) (15 ) — (1,100 ) Distributions from equity investments in excess of cumulative earnings 70 367 — 139 — (438 ) 138 Other, net — (2 ) 199 23 (60 ) (198 ) (38 ) Net cash provided by (used in) investing activities 703 (5,665 ) 135 (6,304 ) (1,772 ) 8,883 (4,020 ) Cash flows from financing activities Issuances of debt 3,258 10,141 — — — — 13,399 Payments of debt (3,804 ) (7,698 ) — (76 ) (7 ) — (11,585 ) Funding from (to) affiliates 149 2,225 (44 ) 6,344 494 (9,168 ) — Debt issue costs (28 ) (24 ) — 1 (1 ) — (52 ) Cash dividends (1,304 ) — — — — — (1,304 ) Repurchases of shares and warrants (192 ) — — — — — (192 ) Contributions from parents — 1,578 — 151 62 (1,791 ) — Contributions from noncontrolling interests — — — — — 1,638 1,638 Distributions to parents — (3,322 ) — (4,021 ) (152 ) 7,495 — Distributions to noncontrolling interests — — — — — (1,491 ) (1,491 ) Other, net — (1 ) — (1 ) — — (2 ) Net cash (used in) provided by financing activities (1,921 ) 2,899 (44 ) 2,398 396 (3,317 ) 411 Effect of exchange rate changes on cash and cash equivalents — — — — (9 ) — (9 ) Net (decrease) increase in cash and cash equivalents (52 ) 102 (1 ) (9 ) (166 ) — (126 ) Cash and cash equivalents, beginning of period 83 88 1 17 409 — 598 Cash and cash equivalents, end of period $ 31 $ 190 $ — $ 8 $ 243 $ — $ 472 |