Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

EFS Midstream. During November 2014, the Company announced that it was pursuing the divestment of its 50.1 percent equity interest in EFS Midstream. The Company accounts for EFS Midstream under the equity method of accounting for investments in unconsolidated affiliates. In June 2015, the Company entered into a purchase and sale agreement to sell its interest in EFS Midstream to an unaffiliated third party. The sale closed in July 2015, with the Company receiving total consideration of $1.0 billion, of which $530 million was received at closing and the remaining approximately $500 million will be received in July 2016. Associated with the sale, the Company expects to record a pretax gain in excess of $725 million during the third quarter of 2015.