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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Natural gas sales $ 2,387 $ 2,534 $ 2,440
NGL sales 1,718 1,113 587
Crude sales 2,872 0 0
Gathering, transportation and other fees 2,007 1,488 1,192
Refined product sales 5,299 0 0
Other 1,419 1,664 1,624
Total revenues 15,702 6,799 5,843
COSTS AND EXPENSES:      
Cost of products sold 12,266 4,175 3,591
Operating expenses 900 760 694
Depreciation and amortization 656 405 317
Selling, general and administrative 486 212 176
Total costs and expenses 14,308 5,552 4,778
OPERATING INCOME 1,394 1,247 1,065
OTHER INCOME (EXPENSE):      
Interest expense, net of interest capitalized (665) (474) (413)
Equity in earnings of unconsolidated affiliates 142 26 12
Gain on deconsolidation of Propane Business 1,057 0 0
Loss on extinguishment of debt (115) 0 0
Gains (losses) on non-hedged interest rate derivatives (4) (77) 5
Impairments of investments in affiliates 0 (5) (53)
Other, net 11 2 23
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE 1,820 719 639
Income tax expense from continuing operations 63 19 16
INCOME FROM CONTINUING OPERATIONS 1,757 700 623
Loss from discontinued operations (109) (3) (6)
NET INCOME 1,648 697 617
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 79 28 0
NET INCOME ATTRIBUTABLE TO PARTNERS 1,569 669 617
Net Income (Loss) Allocated to General Partners 461 433 388
LIMITED PARTNERS’ INTEREST IN NET INCOME $ 1,108 $ 236 $ 229
Basic income from continuing operations per Limited Partner unit 4.93 1.12 1.23
Diluted income from continuing operations per Limited Partner unit 4.91 1.12 1.23
BASIC NET INCOME (LOSS) PER LIMITED PARTNER UNIT 4.43 1.10 1.20
DILUTED NET INCOME PER LIMITED PARTNER UNIT 4.42 1.10 1.19