XML 24 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments, Hedging Activities and Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified
1 Months Ended 3 Months Ended
Feb. 29, 2012
Mar. 31, 2012
Mar. 31, 2011
Senior Notes AA [Member]
     
Derivative [Line Items]      
Number of Derivatives Outstanding   10  
Type of Derivatives Outstanding   fixed-to-floating swaps  
Notional Amount   $ 750  
Period of Hedge   1/11 to 2/16  
Rate Swap, fixed rate (in hundredths)   3.20%  
Rate Swap, floating rate (in hundredths)   1.50%  
Accounting Treatment   Fair value hedge  
Undesignated Swaps [Member]
     
Derivative [Line Items]      
Number of Derivatives Outstanding   6  
Type of Derivatives Outstanding   floating-to-fixed swaps  
Notional Amount   600  
Period of Hedge   5/10 to 7/14  
Rate Swap, fixed rate (in hundredths)   2.00%  
Rate Swap, floating rate (in hundredths)   0.60%  
Accounting Treatment   Mark-to-market  
Interest Rate Swap [Member]
     
Derivative [Line Items]      
(Increase)/decrease in interest expense recorded due to interest rate swaps   2.8 9.7
Number of derivative instruments settled 11    
Notional amount of settled derivative instruments 800    
Gain (loss) recognized due to settlement of derivative instruments 37.7    
Future Debt Offering Tranche One [Member]
     
Derivative [Line Items]      
Number of Derivatives Outstanding   7  
Type of Derivatives Outstanding   forward starting swaps  
Notional Amount   350  
Expected Termination Date   8/12  
Average Rate Locked (in hundredths)   3.70%  
Accounting Treatment   Cash flow hedge  
Future Debt Offering Tranche Two [Member]
     
Derivative [Line Items]      
Number of Derivatives Outstanding   16  
Type of Derivatives Outstanding   forward starting swaps  
Notional Amount   1,000  
Expected Termination Date   3/13  
Average Rate Locked (in hundredths)   3.70%  
Accounting Treatment   Cash flow hedge  
Forward Starting Swaps [Member]
     
Derivative [Line Items]      
Number of derivative instruments settled 10    
Notional amount of settled derivative instruments 500    
Gain (loss) recognized due to settlement of derivative instruments $ (115.3)    
Natural gas processing: Forecasted natural gas purchases for plant thermal reduction (PTR) [Member]
     
Derivative [Line Items]      
Current Volume   27.7 [1],[2],[3]  
Accounting Treatment   Cash flow hedge [3]  
Natural gas processing: Forecasted sales of NGLs [Member]
     
Derivative [Line Items]      
Current Volume   2.4 [1],[2],[4]  
Accounting Treatment   Cash flow hedge [4]  
Forecasted NGL sales designated as normal sales agreements   4.9  
Octane enhancement: Forecasted purchases of NGLs [Member]
     
Derivative [Line Items]      
Current Volume   0.3 [1],[2]  
Accounting Treatment   Cash flow hedge  
Octane enhancement: Forecasted sales of octane enhancement products [Member]
     
Derivative [Line Items]      
Current Volume   3.2 [1],[2]  
Accounting Treatment   Cash flow hedge  
Natural gas marketing: Natural gas storage inventory management activities [Member]
     
Derivative [Line Items]      
Current Volume   10.5 [1],[2]  
Accounting Treatment   Fair value hedge  
NGL marketing: Forecasted purchases of NGLs and related hydrocarbon products [Member]
     
Derivative [Line Items]      
Current Volume   3.7 [1],[2]  
Accounting Treatment   Cash flow hedge  
NGL marketing: Forecasted sales of NGLs and related hydrocarbon products [Member]
     
Derivative [Line Items]      
Current Volume   3.6 [1],[2]  
Long Term Volume   0.2 [1],[2]  
Accounting Treatment   Cash flow hedge  
Refined products marketing: Forecasted purchases of refined products [Member]
     
Derivative [Line Items]      
Current Volume   0.4 [1],[2]  
Accounting Treatment   Cash flow hedge  
Refined products marketing: Forecasted sales of refined products [Member]
     
Derivative [Line Items]      
Current Volume   0.4 [1],[2]  
Accounting Treatment   Cash flow hedge  
Refined products marketing: Refined products inventory management activities [Member]
     
Derivative [Line Items]      
Current Volume   0.1 [1],[2]  
Accounting Treatment   Fair value hedge  
Crude oil marketing: Forecasted purchases of crude oil [Member]
     
Derivative [Line Items]      
Current Volume   1.6 [1],[2]  
Accounting Treatment   Cash flow hedge  
Crude oil marketing: Forecasted sales of crude oil [Member]
     
Derivative [Line Items]      
Current Volume   2.6 [1],[2]  
Accounting Treatment   Cash flow hedge  
Natural gas risk management activities [Member]
     
Derivative [Line Items]      
Current Volume   416.9 [1],[2],[5],[6]  
Long Term Volume   69.6 [1],[2],[5],[6]  
Accounting Treatment   Mark-to-market [5],[6]  
Current natural gas hedging volumes designated as an index plus or minus a discount   104.2  
Refined products risk management activities [Member]
     
Derivative [Line Items]      
Current Volume   0.4 [1],[2],[5]  
Accounting Treatment   Mark-to-market [5]  
Crude oil risk management activities [Member]
     
Derivative [Line Items]      
Current Volume   6.1 [1],[2],[5]  
Accounting Treatment   Mark-to-market [5]  
[1] The maximum term for derivatives designated as cash flow hedges, derivatives designated as fair value hedges and derivatives not designated as hedging instruments is December 2013, May 2012 and October 2015, respectively.
[2] Volume for derivatives designated as hedging instruments reflects the total amount of volumes hedged whereas volume for derivatives not designated as hedging instruments reflects the absolute value of derivative notional volumes.
[3] PTR represents the British thermal unit ("Btu") equivalent of the NGLs extracted from natural gas by a processing plant, and includes the natural gas used as plant fuel to extract those liquids, plant flare and other shortages.
[4] Forecasted sales of NGL volumes under natural gas processing exclude 4.9 MMBbls of additional hedges executed under contracts that have been designated as normal sales agreements.
[5] Reflects the use of derivative instruments to manage risks associated with transportation, processing and storage assets.
[6] Current volumes include approximately 104.2 Bcf of physical derivative instruments that are predominantly priced at an index plus a premium or minus a discount related to location differences.