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 June 30, 2016 , Parent Issuer and Guarantor, Subsidiary Issuer and Guarantor-KMP, Subsidiary Issuer and Guarantor-Copano, and Subsidiary Guarantors had $15,032 million , $19,485 million , $332 million , and $5,783 million , respectively, of Guaranteed Notes outstanding. Included in the Subsidiary Guarantors debt balance as presented in the accompanying June 30, 2016 condensed consolidating balance sheets is approximately $173 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. Effective December 31, 2015, Kinder Morgan (Delaware), Inc. and Kinder Morgan Services LLC merged into KMI. As a result of such merger, both entities are no longer Subsidiary Guarantors, and for all periods presented, financial statement balances and activities for Kinder Morgan (Delaware), Inc. and Kinder Morgan Services LLC are reflected within the Parent Issuer and Guarantor column. Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2016 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 8 $ — $ — $ 2,777 $ 371 $ (12 ) $ 3,144 Operating Costs, Expenses and Other Costs of sales — — — 693 60 (1 ) 752 Depreciation, depletion and amortization 4 — — 462 86 — 552 Other operating expenses 30 2 — 681 198 (11 ) 900 Total Operating Costs, Expenses and Other 34 2 — 1,836 344 (12 ) 2,204 Operating (loss) income (26 ) (2 ) — 941 27 — 940 Other Income (Expense) Earnings (losses) from consolidated subsidiaries 752 734 (3 ) 41 17 (1,541 ) — Earnings from equity investments — — — 106 — — 106 Interest, net (176 ) 34 (12 ) (304 ) (13 ) — (471 ) Amortization of excess cost of equity investments and other, net 1 — — 6 6 — 13 Income (Loss) Before Income Taxes 551 766 (15 ) 790 37 (1,541 ) 588 Income Tax Expense (179 ) (1 ) — (16 ) (17 ) — (213 ) Net Income (Loss) 372 765 (15 ) 774 20 (1,541 ) 375 Net Income Attributable to Noncontrolling Interests — — — — — (3 ) (3 ) Net Income (Loss) Attributable to Controlling Interests 372 765 (15 ) 774 20 (1,544 ) 372 Preferred Stock Dividends (39 ) — — — — — (39 ) Net Income (Loss) Available to Common Stockholders $ 333 $ 765 $ (15 ) $ 774 $ 20 $ (1,544 ) $ 333 Net Income (loss) $ 372 $ 765 $ (15 ) $ 774 $ 20 $ (1,541 ) $ 375 Total other comprehensive (loss) income (140 ) (213 ) — (223 ) 8 428 (140 ) Comprehensive income (loss) 232 552 (15 ) 551 28 (1,113 ) 235 Comprehensive income attributable to noncontrolling interests — — — — — (3 ) (3 ) Comprehensive income (loss) attributable to controlling interests $ 232 $ 552 $ (15 ) $ 551 $ 28 $ (1,116 ) $ 232 Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 10 $ — $ — $ 3,050 $ 414 $ (11 ) $ 3,463 Operating Costs, Expenses and Other Costs of sales — — — 989 95 1 1,085 Depreciation, depletion and amortization 5 — — 473 92 — 570 Other operating expenses 38 — — 767 123 (12 ) 916 Total Operating Costs, Expenses and Other 43 — — 2,229 310 (11 ) 2,571 Operating (loss) income (33 ) — — 821 104 — 892 Other Income (Expense) Earnings (losses) from consolidated subsidiaries 683 666 (5 ) 127 15 (1,486 ) — Earnings from equity investments — — — 114 — — 114 Interest, net (149 ) 34 (12 ) (345 ) — — (472 ) Amortization of excess cost of equity investments and other, net — — — (5 ) 2 — (3 ) Income (Loss) Before Income Taxes 501 700 (17 ) 712 121 (1,486 ) 531 Income Tax Expense (168 ) (2 ) — (11 ) (8 ) — (189 ) Net Income (Loss) 333 698 (17 ) 701 113 (1,486 ) 342 Net Income Attributable to Noncontrolling Interests — — — — — (9 ) (9 ) Net Income (Loss) Attributable to Controlling Interests $ 333 $ 698 $ (17 ) $ 701 $ 113 $ (1,495 ) $ 333 Net Income (loss) $ 333 $ 698 $ (17 ) $ 701 $ 113 $ (1,486 ) $ 342 Total other comprehensive (loss) income (98 ) (139 ) — (148 ) 23 264 (98 ) Comprehensive income (loss) 235 559 (17 ) 553 136 (1,222 ) 244 Comprehensive income attributable to noncontrolling interests — — — — — (9 ) (9 ) Comprehensive income (loss) attributable to controlling interests $ 235 $ 559 $ (17 ) $ 553 $ 136 $ (1,231 ) $ 235 Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2016 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 17 $ — $ — $ 5,602 $ 741 $ (21 ) $ 6,339 Operating Costs, Expenses and Other Costs of sales — — — 1,345 136 2 1,483 Depreciation, depletion and amortization 9 — — 918 176 — 1,103 Other operating expenses 49 4 — 1,494 473 (23 ) 1,997 Total Operating Costs, Expenses and Other 58 4 — 3,757 785 (21 ) 4,583 Operating (loss) income (41 ) (4 ) — 1,845 (44 ) — 1,756 Other Income (Expense) Earnings from consolidated subsidiaries 1,410 1,331 4 54 31 (2,830 ) — Earnings from equity investments — — — 200 — — 200 Interest, net (346 ) 97 (24 ) (613 ) (26 ) — (912 ) Amortization of excess cost of equity investments and other, net 1 — — 1 10 — 12 Income (Loss) Before Income Taxes 1,024 1,424 (20 ) 1,487 (29 ) (2,830 ) 1,056 Income Tax Expense (337 ) (3 ) — (10 ) (17 ) — (367 ) Net Income (Loss) 687 1,421 (20 ) 1,477 (46 ) (2,830 ) 689 Net Income Attributable to Noncontrolling Interests — — — — — (2 ) (2 ) Net Income (Loss) Attributable to Controlling Interests 687 1,421 (20 ) 1,477 (46 ) (2,832 ) 687 Preferred Stock Dividends (78 ) — — — — — (78 ) Net Income (Loss) Available to Common Stockholders $ 609 $ 1,421 $ (20 ) $ 1,477 $ (46 ) $ (2,832 ) $ 609 Net Income (loss) $ 687 $ 1,421 $ (20 ) $ 1,477 $ (46 ) $ (2,830 ) $ 689 Total other comprehensive (loss) income (93 ) (161 ) — (229 ) 132 258 (93 ) Comprehensive income (loss) 594 1,260 (20 ) 1,248 86 (2,572 ) 596 Comprehensive income attributable to noncontrolling interests — — — — — (2 ) (2 ) Comprehensive income (loss) attributable to controlling interests $ 594 $ 1,260 $ (20 ) $ 1,248 $ 86 $ (2,574 ) $ 594 Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Total Revenues $ 19 $ — $ — $ 6,276 $ 789 $ (24 ) $ 7,060 Operating Costs, Expenses and Other Costs of sales — — — 1,990 184 1 2,175 Depreciation, depletion and amortization 10 — — 915 183 — 1,108 Other operating expenses 50 38 1 1,452 291 (25 ) 1,807 Total Operating Costs, Expenses and Other 60 38 1 4,357 658 (24 ) 5,090 Operating (loss) income (41 ) (38 ) (1 ) 1,919 131 — 1,970 Other Income (Expense) Earnings (loss) from consolidated subsidiaries 1,482 1,549 (28 ) 141 31 (3,175 ) — Earnings from equity investments — — — 190 — — 190 Interest, net (304 ) 7 (24 ) (649 ) (14 ) — (984 ) Amortization of excess cost of equity investments and other, net — — — (8 ) 6 — (2 ) Income (Loss) Before Income Taxes 1,137 1,518 (53 ) 1,593 154 (3,175 ) 1,174 Income Tax Expense (375 ) (4 ) — (25 ) (9 ) — (413 ) Net Income (Loss) 762 1,514 (53 ) 1,568 145 (3,175 ) 761 Net Loss Attributable to Noncontrolling Interests — — — — — 1 1 Net Income (Loss) Attributable to Controlling Interests 762 1,514 (53 ) 1,568 145 (3,174 ) 762 Net Income (loss) $ 762 $ 1,514 $ (53 ) $ 1,568 $ 145 $ (3,175 ) $ 761 Total other comprehensive loss (274 ) (377 ) — (344 ) (141 ) 862 (274 ) Comprehensive income (loss) 488 1,137 (53 ) 1,224 4 (2,313 ) 487 Comprehensive loss attributable to noncontrolling interests — — — — — 1 1 Comprehensive income (loss) attributable to controlling interests $ 488 $ 1,137 $ (53 ) $ 1,224 $ 4 $ (2,312 ) $ 488 Condensed Consolidating Balance Sheets as of December 31, 2015 (In Millions) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI ASSETS Cash and cash equivalents $ 123 $ — $ — $ 12 $ 142 $ (48 ) $ 229 Other current assets - affiliates 2,233 1,600 — 9,451 695 (13,979 ) — All other current assets 126 119 — 2,163 195 (8 ) 2,595 Property, plant and equipment, net 252 — — 32,195 8,100 — 40,547 Investments 16 2 — 5,906 116 — 6,040 Investments in subsidiaries 27,401 28,038 2,341 4,361 3,320 (65,461 ) — Goodwill 15,089 22 287 5,221 3,171 — 23,790 Notes receivable from affiliates 850 21,319 — 2,070 380 (24,619 ) — Deferred income taxes 7,501 — — — — (2,178 ) 5,323 Other non-current assets 215 307 1 4,943 114 — 5,580 Total assets $ 53,806 $ 51,407 $ 2,629 $ 66,322 $ 16,233 $ (106,293 ) $ 84,104 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Current portion of debt $ 67 $ 500 $ — $ 132 $ 122 $ — $ 821 Other current liabilities - affiliates 1,328 8,682 39 3,216 714 (13,979 ) — All other current liabilities 321 458 7 1,987 527 (56 ) 3,244 Long-term debt 13,845 20,053 378 7,447 683 — 42,406 Notes payable to affiliates 2,404 448 622 19,840 1,305 (24,619 ) — Deferred income taxes — — 2 594 1,582 (2,178 ) — Other long-term liabilities and deferred credits 722 193 — 907 408 — 2,230 Total liabilities 18,687 30,334 1,048 34,123 5,341 (40,832 ) 48,701 Stockholders’ equity Total KMI equity 35,119 21,073 1,581 32,199 10,892 (65,745 ) 35,119 Noncontrolling interests — — — — — 284 284 Total stockholders’ Equity 35,119 21,073 1,581 32,199 10,892 (65,461 ) 35,403 Total Liabilities and Stockholders’ Equity $ 53,806 $ 51,407 $ 2,629 $ 66,322 $ 16,233 $ (106,293 ) $ 84,104 Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2016 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Net cash (used in) provided by operating activities $ (1,950 ) $ 2,976 $ (143 ) $ 5,616 $ 221 $ (4,376 ) $ 2,344 Cash flows from investing activities Funding to affiliates (1,670 ) (770 ) (1 ) (2,455 ) (219 ) 5,115 — Capital expenditures (37 ) — — (929 ) (504 ) — (1,470 ) Contributions to investments (343 ) — — (13 ) (7 ) — (363 ) Acquisitions of assets and investments, net of cash acquired (2 ) — — (331 ) — — (333 ) Sale of property, plant and equipment, investments and other net assets, net of removal costs — — — 220 — — 220 Distributions from equity investments in excess of cumulative earnings 1,443 298 — 68 — (1,728 ) 81 Other, net — (54 ) — 37 2 — (15 ) Net cash used in investing activities (609 ) (526 ) (1 ) (3,403 ) (728 ) 3,387 (1,880 ) Cash flows from financing activities Issuances of debt 6,847 — — — — — 6,847 Payments of debt (5,191 ) (500 ) — (1,104 ) (5 ) — (6,800 ) Funding from affiliates 1,429 882 144 2,124 536 (5,115 ) — Debt issue costs (6 ) — — — — — (6 ) Cash dividends - common shares (559 ) — — — — — (559 ) Cash dividends - preferred shares (76 ) — — — — — (76 ) Contributions from parents — — — — 87 (87 ) — Contributions from noncontrolling interests — — — — — 87 87 Distributions to parents — (2,832 ) — (3,234 ) (90 ) 6,156 — Distributions to noncontrolling interests — — — — — (11 ) (11 ) Net cash provided by (used in) financing activities 2,444 (2,450 ) 144 (2,214 ) 528 1,030 (518 ) Effect of exchange rate changes on cash and cash equivalents — — — — 5 — 5 Net (decrease) increase in cash and cash equivalents (115 ) — — (1 ) 26 41 (49 ) Cash and cash equivalents, beginning of period 123 — — 12 142 (48 ) 229 Cash and cash equivalents, end of period $ 8 $ — $ — $ 11 $ 168 $ (7 ) $ 180 Condensed Consolidating Statements of Cash Flows for the Six Months Ended June 30, 2015 (In Millions) (Unaudited) Parent Subsidiary Subsidiary Subsidiary Subsidiary Consolidating Adjustments Consolidated KMI Net cash (used in) provided by operating activities $ (1,147 ) $ 5,190 $ 72 $ 3,755 $ (26 ) $ (5,306 ) $ 2,538 Cash flows from investing activities Funding to affiliates (2,118 ) (6,486 ) (1 ) (4,387 ) (351 ) 13,343 — Capital expenditures (23 ) — (3 ) (1,705 ) (183 ) 5 (1,909 ) Contributions to investments — — — (45 ) — — (45 ) Investment in KMP (159 ) — — — — 159 — Acquisitions of assets and investments, net of cash acquired (1,709 ) — — (210 ) — — (1,919 ) Sale of property, plant and equipment, investments and other net assets, net of removal costs — — 5 4 — (5 ) 4 Distributions from equity investments in excess of cumulative earnings 292 — — 80 — (258 ) 114 Other, net — (2 ) — 4 9 — 11 Net cash (used in) provided by investing activities (3,717 ) (6,488 ) 1 (6,259 ) (525 ) 13,244 (3,744 ) Cash flows from financing activities Issuances of debt 9,485 — — — — — 9,485 Payments of debt (8,598 ) (300 ) — (38 ) (5 ) — (8,941 ) Funding from (to) affiliates 3,471 3,906 (73 ) 5,546 493 (13,343 ) — Debt issue costs (20 ) — — — — — (20 ) Issuances of common shares 2,562 — — — — — 2,562 Cash dividends (2,006 ) — — — — — (2,006 ) Repurchases of warrants (5 ) — — — — — (5 ) Contributions from parents — 156 — 3 — (159 ) — Distributions to parents — (2,478 ) — (3,010 ) (92 ) 5,580 — Distributions to noncontrolling interests — — — — — (16 ) (16 ) Other, net — (1 ) — — — — (1 ) Net cash provided by (used in) financing activities 4,889 1,283 (73 ) 2,501 396 (7,938 ) 1,058 Effect of exchange rate changes on cash and cash equivalents — — — — (4 ) — (4 ) Net increase (decrease) in cash and cash equivalents 25 (15 ) — (3 ) (159 ) — (152 ) Cash and cash equivalents, beginning of period 4 15 — 17 279 — 315 Cash and cash equivalents, end of period $ 29 $ — $ — $ 14 $ 120 $ — $ 163 |