XML 65 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2014
Commitments and Contingencies [Abstract]  
Summary of Contractual Obligations
The following table summarizes our various contractual obligations at December 31, 2014.  A description of each type of contractual obligation follows:

 
 
Payment or Settlement due by Period
 
Contractual Obligations
 
Total
  
2015
  
2016
  
2017
  
2018
  
2019
  
Thereafter
 
Scheduled maturities of debt obligations
 
$
21,389.2
  
$
2,206.5
  
$
750.0
  
$
800.0
  
$
350.0
  
$
1,500.0
  
$
15,782.7
 
Estimated cash interest payments
 
$
21,303.9
  
$
1,005.6
  
$
968.6
  
$
953.0
  
$
899.6
  
$
846.8
  
$
16,630.3
 
Operating lease obligations
 
$
542.7
  
$
60.5
  
$
62.0
  
$
56.4
  
$
48.9
  
$
42.3
  
$
272.6
 
Purchase obligations:
                            
Product purchase commitments:
                            
Estimated payment obligations:
                            
Natural gas
 
$
2,139.7
  
$
637.5
  
$
539.1
  
$
295.5
  
$
295.5
  
$
195.1
  
$
177.0
 
NGLs
 
$
487.0
  
$
391.1
  
$
26.4
  
$
26.3
  
$
28.9
  
$
14.3
  
$
--
 
Crude oil
 
$
2,425.2
  
$
2,279.1
  
$
37.4
  
$
37.3
  
$
37.3
  
$
34.1
  
$
--
 
Petrochemicals & refined products
 
$
1,499.3
  
$
956.7
  
$
493.1
  
$
49.5
  
$
--
  
$
--
  
$
--
 
Other
 
$
71.8
  
$
38.1
  
$
9.2
  
$
6.9
  
$
4.2
  
$
4.2
  
$
9.2
 
Underlying major volume commitments:
                            
Natural gas (in TBtus)
  
879
   
255
   
219
   
128
   
128
   
82
   
67
 
NGLs (in MMBbls)
  
30
   
17
   
3
   
4
   
4
   
2
   
--
 
Crude oil (in MMBbls)
  
41
   
38
   
1
   
1
   
1
   
--
   
--
 
Petrochemicals & refined products (in MMBbls)
  
23
   
15
   
7
   
1
   
--
   
--
   
--
 
Service payment commitments
 
$
850.8
  
$
200.6
  
$
181.4
  
$
154.9
  
$
86.7
  
$
66.1
  
$
161.1
 
Capital expenditure commitments
 
$
1,299.8
  
$
1,299.8
  
$
--
  
$
--
  
$
--
  
$
--
  
$
--
 
Schedule of Other Liabilities
The following table summarizes the components of "Other long-term liabilities" as presented on Consolidated Balance Sheets at the dates indicated:

 
 
December 31,
 
 
 
2014
  
2013
 
Noncurrent portion of asset retirement obligations (see Note 8)
 
$
83.2
  
$
82.5
 
Deferred revenues – non-current portion (see Note 2)
  
73.0
   
54.6
 
Liquidity Option Agreement (see Note 10)
  
119.4
   
--
 
Centennial guarantees
  
7.0
   
7.8
 
Other
  
28.2
   
27.4
 
Total
 
$
310.8
  
$
172.3
 
Liquidity Option Agreement [Table Text Block]
Furthermore, our valuation estimate incorporates five probability weighted cases reflecting the likelihood that M&B may elect to divest a portion of the Enterprise common units held by OTA prior to exercise of the option. The following table summarizes these additional assumptions and presents their impact on the determining the provisional valuation estimate:

Scenario
 
Number of
Enterprise
Common
Units Held
at Exercise
Date
  
Discounted
Cash Flows
  
Probability Assigned
to Each
Scenario
  
Probability
Weighted
Cash Flows
 
  
(in millions)
       
M&B exercises option; OTA owns 100% of units
 
54.8
  
$
164.7
  
50%
 
 
$
82.4
 
M&B exercises option; OTA owns 75% of units
 
41.1
   
123.5
  
20%
 
  
24.7
 
M&B exercises option; OTA owns 50% of units
 
27.4
   
82.4
  
10%
 
  
8.2
 
M&B exercises option; OTA owns 25% of units
 
13.7
   
41.2
  
10%
 
  
4.1
 
M&B does not exercise option
 
--
   
--
  
10%
 
  
--
 
Totals
         
100%
 
 
$
119.4