Business Combinations (Tables)

12 Months Ended

Dec. 31, 2011

Business Combinations [Abstract]

Cash for Business Combinations By Segment

The following table presents our cash used for business combinations by segment for the periods presented:

	For Year Ended December 31,
	2010		2009
NGL Pipelines & Services	$	105.6	$	33.3
Onshore Natural Gas Pipelines & Services		1,111.1		0.8
Onshore Crude Oil Pipelines & Services		10.2		--
Petrochemical & Refined Products Services		87.0		73.2
Total cash used for business combinations	$	1,313.9	$	107.3

Fair Value Allocation of Assets and Liabilities

The following table depicts the fair value allocation of assets acquired and liabilities assumed for our business combinations for the periods presented:

	For Year Ended December 31,
	2010			2009
Assets acquired in business combination:
Current assets	$	3.3		$	1.4
Property, plant and equipment, net		421.4			115.9
Intangible assets		907.6			0.3
Other assets		--			(0.3	)
Total assets acquired		1,332.3			117.3
Liabilities assumed in business combination:
Current liabilities		(0.4	)		0.3
Long-term debt		(1.3	)		--
Other long-term liabilities		(0.9	)		--
Total liabilities assumed		(2.6	)		0.3
Total assets acquired plus liabilities assumed		1,329.7			117.6
Noncontrolling interests acquired		--			10.3
Fair value of 2,329,639 of our units		99.7			--
Total cash used for business combinations		1,313.9			107.3
Goodwill (1)	$	83.9		$	--
(1)   See Note 11 for additional information regarding goodwill.

Pro Forma Information

Pro Forma Financial Information.  Since the effective date of the State Line and Fairplay acquisitions was May 1, 2010, our Statements of Consolidated Operations do not include earnings from these businesses prior to this date.  The following table presents selected unaudited pro forma earnings information for the periods presented as if the acquisitions had been completed on January 1 of each year presented.  This pro forma information was prepared using historical financial data for the State Line and Fairplay systems and reflects certain estimates and assumptions made by our management.  Our unaudited pro forma financial information is not necessarily indicative of what our consolidated financial results would have been had we actually acquired the State Line and Fairplay systems on January 1 of each year presented.

	For Year Ended December 31,
	2010		2009
Pro forma earnings data:
Revenues	$	33,804.7	$	25,643.2
Costs and expenses		31,713.4		23,879.2
Operating income		2,153.3		1,856.3
Net income		1,388.2		1,135.7
Net income attributable to partners		321.0		203.9
Basic earnings per unit:
As reported basic units outstanding		274.5		206.7
Pro forma basic units outstanding		274.5		206.7
As reported basic earnings per unit	$	1.17	$	0.99
Pro forma basic earnings per unit	$	1.17	$	0.99
Diluted earnings per unit:
As reported diluted units outstanding		278.5		206.7
Pro forma diluted units outstanding		278.5		206.7
As reported diluted earnings per unit	$	1.15	$	0.99
Pro forma diluted earnings per unit	$	1.15	$	0.99