ONEOK PARTNERS ONEOK PARTNERS (Policies)
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12 Months Ended | ||||||||||||
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Dec. 31, 2014
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Accounting Policies [Abstract] | |||||||||||||
Incentive Distribution Policy, Managing Member or General Partner, Description [Policy Text Block] | We receive distributions from ONEOK Partners on our common and Class B units and our 2 percent general partner interest, which includes our incentive distribution rights. Under ONEOK Partners’ partnership agreement, as amended, distributions are made to the partners with respect to each calendar quarter in an amount equal to 100 percent of available cash as defined in the ONEOK Partners partnership agreement (Partnership Agreement), as amended. Available cash generally will be distributed 98 percent to limited partners and 2 percent to the general partner. The general partner’s percentage interest in quarterly distributions is increased after certain specified target levels are met during the quarter. Under the incentive distribution provisions, as set forth in ONEOK Partners’ partnership agreement, as amended, the general partner receives:
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Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | We account for the difference between the carrying amount of our investment in ONEOK Partners and the underlying book value arising from issuance of common units by ONEOK Partners as an equity transaction. If ONEOK Partners issues common units at a price different than our carrying value per unit, we account for the premium or deficiency as an adjustment to paid-in capital. As a result of ONEOK Partners’ issuance of common units, we recognized an increase to paid-in capital of approximately $156.1 million, net of taxes, in 2014 and an increase to paid-in capital of approximately $87.3 million, net of taxes, in 2013, and a decrease to paid-in capital of approximately $51.1 million, net of taxes, in 2012. |