XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2017
Fair Value Measurements [Abstract]  
Fair Value Of Assets And Liabilities Measured And Recorded On Recurring Basis
The following tables summarize the gross fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 based on inputs used to derive their fair values:
 
 
 
Fair Value Measurements at
March 31, 2017
 
Fair Value Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
 
 
Natural Gas:
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
$
7

 
$
7

 
$
—

 
$
—

Fixed Swaps/Futures
30

 
30

 
—

 
—

Forward Physical Swaps
4

 
—

 
4

 
—

Power:
 
 
 
 
 
 
 
Futures
7

 
—

 
7

 
—

Options – Calls
1

 
1

 
—

 
—

Natural Gas Liquids – Forwards/Swaps
91

 
91

 
—

 
—

Crude – Futures
12

 
12

 
—

 
—

Total commodity derivatives
152

 
141

 
11

 
—

Total assets
$
152

 
$
141

 
$
11

 
$
—

Liabilities:
 
 
 
 
 
 
 
Interest rate derivatives
$
(188
)
 
$
—

 
$
(188
)
 
$
—

Commodity derivatives:
 
 
 
 
 
 
 
Natural Gas:
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(10
)
 
(10
)
 
—

 
—

Swing Swaps IFERC
(1
)
 
—

 
(1
)
 
—

Fixed Swaps/Futures
(42
)
 
(42
)
 
—

 
—

Power:
 
 
 
 
 
 
 
Forwards
(8
)
 
—

 
(8
)
 
—

Natural Gas Liquids – Forwards/Swaps
(88
)
 
(88
)
 
—

 
—

Refined Products – Futures
(3
)
 
(3
)
 
—

 
—

Crude – Futures
(9
)
 
(9
)
 
—

 
—

Total commodity derivatives
(161
)
 
(152
)
 
(9
)
 
—

Total liabilities
$
(349
)
 
$
(152
)
 
$
(197
)
 
$
—

 
 
 
Fair Value Measurements at
December 31, 2016
 
Fair Value Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
 
 
Natural Gas:
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
$
14

 
$
14

 
$
—

 
$
—

Swing Swaps IFERC
2

 
—

 
2

 
—

Fixed Swaps/Futures
96

 
96

 
—

 
—

Forward Physical Swaps
1

 
—

 
1

 
—

Power:


 
 
 
 
 
 
Forwards
4

 
—

 
4

 
—

Futures
1

 
1

 
—

 
—

Options – Calls
1

 
1

 
—

 
—

Natural Gas Liquids – Forwards/Swaps
233

 
233

 
—

 
—

Refined Products – Futures
1

 
1

 
—

 
—

Crude – Futures
9

 
9

 
—

 
—

Total commodity derivatives
362

 
355

 
7

 
—

Total assets
$
362

 
$
355

 
$
7

 
$
—

Liabilities:
 
 
 
 
 
 
 
Interest rate derivatives
$
(193
)
 
$
—

 
$
(193
)
 
$
—

Embedded derivatives in the ETP Preferred Units
(1
)
 
—

 
—

 
(1
)
Commodity derivatives:
 
 
 
 
 
 
 
Natural Gas:
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(11
)
 
(11
)
 
—

 
—

Swing Swaps IFERC
(3
)
 
—

 
(3
)
 
—

Fixed Swaps/Futures
(149
)
 
(149
)
 
—

 
—

Power:


 
 
 
 
 
 
Forwards
(5
)
 
—

 
(5
)
 
—

Futures
(1
)
 
(1
)
 
—

 
—

Natural Gas Liquids – Forwards/Swaps
(273
)
 
(273
)
 
—

 
—

Refined Products – Futures
(17
)
 
(17
)
 
—

 
—

Crude – Futures
(13
)
 
(13
)
 
—

 
—

Total commodity derivatives
(472
)
 
(464
)
 
(8
)
 
—

Total liabilities
$
(666
)
 
$
(464
)
 
$
(201
)
 
$
(1
)