Business Segments (Tables)

12 Months Ended

Dec. 31, 2011

Business Segments [Abstract]

Measurement of Total Segment Gross Operating Margin

The following table shows our measurement of total segment gross operating margin for the periods presented:

	For Year Ended December 31,
	2011			2010			2009
Revenues	$	44,313.0		$	33,739.3		$	25,510.9
Less:   Operating costs and expenses		(41,318.5	)		(31,449.3	)		(23,565.8	)
Add:    Equity in income of unconsolidated affiliates		46.4			62.0			92.3
Depreciation, amortization and accretion in operating costs and expenses (1)		958.7			936.3			809.3
Non-cash asset impairment charges		27.8			8.4			33.5
Operating lease expenses paid by EPCO		0.3			0.7			0.7
Gains from asset sales and related transactions in operating costs and expenses (2)		(156.0	)		(44.4	)		--
Total segment gross operating margin	$	3,871.7		$	3,253.0		$	2,880.9
(1)   Amount is a component of “Depreciation, amortization and accretion” as presented on the Statements of Consolidated Cash Flows. (2)   Amount is a component of “Gains from asset sales” as presented on the Statements of Consolidated Cash Flows.

Reconciliation of Total Segment Gross Operating Margin to Operating Income and Income Before Provision for Income Taxes

The following table presents a reconciliation of total segment gross operating margin to operating income and further to income before provision for income taxes for the periods presented:

	For Year Ended December 31,
	2011			2010			2009
Total segment gross operating margin	$	3,871.7		$	3,253.0		$	2,880.9
Adjustments to reconcile total segment gross operating margin to operating income:
Depreciation, amortization and accretion in operating costs and expenses		(958.7	)		(936.3	)		(809.3	)
Non-cash asset impairment charges		(27.8	)		(8.4	)		(33.5	)
Operating lease expenses paid by EPCO		(0.3	)		(0.7	)		(0.7	)
Gains from asset sales and related transactions in operating costs and expenses		156.0			44.4			--
General and administrative costs		(181.8	)		(204.8	)		(182.8	)
Operating income		2,859.1			2,147.2			1,854.6
Other expense, net		(743.6	)		(737.4	)		(689.0	)
Income before provision for income taxes	$	2,115.5		$	1,409.8		$	1,165.6

Information by Business Segments

Information by business segment, together with reconciliations to our consolidated totals, is presented in the following table:

	Reportable Segments
	NGL Pipelines & Services		Onshore Natural Gas Pipelines & Services		Onshore Crude Oil Pipelines & Services			Offshore Pipelines & Services		Petrochemical & Refined Products Services			Other Investments			Adjustments and Eliminations			Consolidated Totals
Revenues from third parties:
Year ended December 31, 2011	$	16,938.1	$	3,510.0	$	16,061.0		$	246.4	$	6,782.4		$	--		$	--		$	43,537.9
Year ended December 31, 2010		13,736.8		3,479.4		10,794.7			300.3		4,729.7			--			--			33,040.9
Year ended December 31, 2009		11,928.3		2,938.7		7,191.2			332.9		2,520.8			--			--			24,911.9
Revenues from related parties:
Year ended December 31, 2011		545.2		220.2		0.1			9.6		--			--			--			775.1
Year ended December 31, 2010		465.7		222.2		0.1			10.4		--			--			--			698.4
Year ended December 31, 2009		380.7		211.2		(0.2	)		7.0		0.3			--			--			599.0
Intersegment and intrasegment    revenues:
Year ended December 31, 2011		13,657.7		1,131.8		4,904.3			6.6		1,799.1			--			(21,499.5	)		--
Year ended December 31, 2010		10,209.9		900.8		927.0			3.6		1,106.7			--			(13,148.0	)		--
Year ended December 31, 2009		6,865.5		515.3		47.6			1.3		612.3			--			(8,042.0	)		--
Total revenues:
Year ended December 31, 2011		31,141.0		4,862.0		20,965.4			262.6		8,581.5			--			(21,499.5	)		44,313.0
Year ended December 31, 2010		24,412.4		4,602.4		11,721.8			314.3		5,836.4			--			(13,148.0	)		33,739.3
Year ended December 31, 2009		19,174.5		3,665.2		7,238.6			341.2		3,133.4			--			(8,042.0	)		25,510.9
Equity in income (loss) of    unconsolidated affiliates:
Year ended December 31, 2011		21.8		5.5		(4.1	)		27.1		(18.7	)		14.8			--			46.4
Year ended December 31, 2010		17.7		4.6		6.7			44.8		(9.0	)		(2.8	)		--			62.0
Year ended December 31, 2009		11.3		4.9		9.3			36.9		(11.2	)		41.1			--			92.3
Gross operating margin:
Year ended December 31, 2011		2,184.2		675.3		234.0			228.2		535.2			14.8			--			3,871.7
Year ended December 31, 2010		1,732.6		527.2		113.7			297.8		584.5			(2.8	)		--			3,253.0
Year ended December 31, 2009		1,628.7		501.5		164.4			180.5		364.7			41.1			--			2,880.9
Segment assets:
At December 31, 2011		7,966.4		9,949.6		944.6			2,000.9		3,769.5			1,023.1			2,145.6			27,799.7
At December 31, 2010		7,665.5		8,184.8		917.5			2,004.9		3,758.7			1,436.8			1,607.2			25,575.4
At December 31, 2009		7,191.2		6,918.7		865.4			2,121.4		3,359.0			1,525.6			1,207.2			23,188.5
Property, plant and equipment, net:    (see Note 8)
At December 31, 2011		7,137.8		8,495.4		456.9			1,416.4		2,539.5			--			2,145.6			22,191.6
At December 31, 2010		6,813.1		6,595.0		427.9			1,390.9		2,498.8			--			1,607.2			19,332.9
At December 31, 2009		6,392.8		6,074.6		377.4			1,480.9		2,156.3			--			1,207.2			17,689.2
Investments in unconsolidated    affiliates: (see Note 9)
At December 31, 2011		146.1		30.1		170.7			424.9		64.7			1,023.1			--			1,859.6
At December 31, 2010		131.5		32.6		172.2			443.2		76.8			1,436.8			--			2,293.1
At December 31, 2009		141.6		32.0		178.5			456.9		81.6			1,525.6			--			2,416.2
Intangible assets, net: (see Note 11)
At December 31, 2011		341.3		1,127.8		5.8			77.5		103.8			--			--			1,656.2
At December 31, 2010		379.7		1,246.1		6.2			88.7		121.0			--			--			1,841.7
At December 31, 2009		315.6		527.2		6.5			101.5		114.0			--			--			1,064.8
Goodwill: (see Note 11)
At December 31, 2011		341.2		296.3		311.2			82.1		1,061.5			--			--			2,092.3
At December 31, 2010		341.2		311.1		311.2			82.1		1,062.1			--			--			2,107.7
At December 31, 2009		341.2		284.9		303.0			82.1		1,007.1			--			--			2,018.3

Consolidated Revenues and Expenses

The following table provides additional information regarding our consolidated revenues and costs and expenses for the periods presented:

	For Year Ended December 31,
	2011			2010			2009
NGL Pipelines & Services:
Sales of NGLs and related products	$	16,724.6		$	13,449.4		$	11,600.7
Midstream services		758.7			753.1			708.3
Total		17,483.3			14,202.5			12,309.0
Onshore Natural Gas Pipelines & Services:
Sales of natural gas		2,866.5			2,928.7			2,410.5
Midstream services		863.7			772.9			739.4
Total		3,730.2			3,701.6			3,149.9
Onshore Crude Oil Pipelines & Services:
Sales of crude oil		15,962.6			10,710.4			7,110.6
Midstream services		98.5			84.4			80.4
Total		16,061.1			10,794.8			7,191.0
Offshore Pipelines & Services:
Sales of natural gas		1.1			1.3			1.2
Sales of crude oil		9.4			9.5			5.3
Midstream services		245.5			299.9			333.4
Total		256.0			310.7			339.9
Petrochemical & Refined Products Services:
Sales of petrochemicals and refined products		6,000.6			4,009.1			1,991.8
Midstream services		781.8			720.6			529.3
Total		6,782.4			4,729.7			2,521.1
Total consolidated revenues	$	44,313.0		$	33,739.3		$	25,510.9
Consolidated costs and expenses
Operating costs and expenses:
Cost of sales related to our marketing activities	$	34,086.8		$	25,885.2		$	18,656.7
Depreciation, amortization and accretion		958.7			936.3			809.3
Gains from asset sales and related transactions		(156.0	)		(44.4	)		--
Non-cash asset impairment charges		27.8			8.4			33.5
Other operating costs and expenses		6,401.2			4,663.8			4,066.3
General and administrative costs		181.8			204.8			182.8
Total consolidated costs and expenses	$	41,500.3		$	31,654.1		$	23,748.6