XML 15 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Property, Plant and Equipment (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross $ 30,224.6   $ 30,224.6   $ 27,429.6
Less accumulated depreciation 5,913.1   5,913.1   5,238.0
Property, plant and equipment , net 24,311.5   24,311.5   22,191.6
Summary of depreciation expense and capitalized interest [Abstract]          
Depreciation expense 228.3 [1] 195.0 [1] 662.3 [1] 571.3 [1]  
Capitalized interest 26.3 [2] 33.1 [2] 86.4 [2] 75.1 [2]  
Asset Retirement Obligations [Roll Forward]          
ARO liability balance, December 31, 2011     112.0    
Liabilities incurred during period     1.7    
Liabilities settled during period     (21.2)    
Revisions in estimated cash flows     11.3    
Accretion expense     4.1    
ARO liability balance, September 30, 2012 107.9   107.9    
Capitalized costs, asset retirement costs 41.2   41.2   37.7
Forecasted accretion expense [Abstract]          
Forecast accretion expense - Remainder of 2012 1.5   1.5    
Forecast accretion expense - 2013 6.2   6.2    
Forecast accretion expense - 2014 6.6   6.6    
Forecast accretion expense - 2015 6.3   6.3    
Forecast accretion expense - 2016 6.6   6.6    
Plants, pipelines and facilities [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 24,789.0 [3]   24,789.0 [3]   22,354.4 [3]
Plants, pipelines and facilities [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     3 years [3],[4]    
Plants, pipelines and facilities [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     45 years [3],[4]    
Underground and other storage facilities [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 1,512.3 [5]   1,512.3 [5]   1,388.6 [5]
Underground and other storage facilities [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     5 years [5],[6]    
Underground and other storage facilities [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     40 years [5],[6]    
Platforms and facilities [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 638.9 [7]   638.9 [7]   637.5 [7]
Platforms and facilities [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     20 years [7]    
Platforms and facilities [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     31 years [7]    
Transportation equipment [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 167.8 [8]   167.8 [8]   151.5 [8]
Transportation equipment [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     3 years [8]    
Transportation equipment [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     10 years [8]    
Marine vessels [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 677.1 [9]   677.1 [9]   615.9 [9]
Marine vessels [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     15 years [9]    
Marine vessels [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     30 years [9]    
Land [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross 146.1   146.1   136.1
Construction in progress [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Property, plant and equipment, gross $ 2,293.4   $ 2,293.4   $ 2,145.6
Processing plants [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     20 years    
Processing plants [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     35 years    
Pipelines and related equipment [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     5 years    
Pipelines and related equipment [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     45 years    
Terminal facilities [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     10 years    
Terminal facilities [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     35 years    
Office furniture and equipment [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     3 years    
Office furniture and equipment [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     20 years    
Buildings [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     20 years    
Buildings [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     40 years    
Laboratory and shop equipment [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     5 years    
Laboratory and shop equipment [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     35 years    
Underground storage facilities [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     5 years    
Underground storage facilities [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     35 years    
Storage tanks [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     10 years    
Storage tanks [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     40 years    
Water wells [Member] | Minimum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     5 years    
Water wells [Member] | Maximum [Member]
         
Property, plant and equipment and accumulated depreciation [Abstract]          
Estimated useful life     35 years    
[1] Depreciation expense is a component of "Costs and expenses" as presented on our Unaudited Condensed Statements of Consolidated Operations.
[2] We capitalize interest cost incurred on funds used to construct property, plant and equipment. The capitalized interest is recorded as part of the asset to which it relates and is amortized over the asset's estimated useful life as a component of depreciation expense. Capitalized interest reduces interest expense during the period it is recorded.
[3] Plants and pipelines include processing plants; NGL, natural gas, crude oil and petrochemical and refined products pipelines; terminal loading and unloading facilities; office furniture and equipment; buildings; laboratory and shop equipment and related assets.
[4] In general, the estimated useful lives of major assets within this category are: processing plants, 20-35 years; pipelines and related equipment, 5-45 years; terminal facilities, 10-35 years; office furniture and equipment, 3-20 years; buildings, 20-40 years; and laboratory and shop equipment, 5-35 years.
[5] Underground and other storage facilities include underground product storage caverns; above ground storage tanks; water wells and related assets.
[6] In general, the estimated useful lives of assets within this category are: underground storage facilities, 5-35 years; storage tanks, 10-40 years; and water wells, 5-35 years.
[7] Platforms and facilities include offshore platforms and related facilities and other associated assets located in the Gulf of Mexico.
[8] Transportation equipment includes tractor-trailer tank trucks and other vehicles and similar assets used in our operations.
[9] Marine vessels include tow boats, barges and related equipment used in our marine transportation business.