Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2015

Debt Obligations [Abstract]

Consolidated Debt Obligations

The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated:

	March 31, 2015			December 31,  2014
EPO senior debt obligations:
Commercial Paper Notes, variable-rates	$	1,388.0		$	906.5
Senior Notes I, 5.00% fixed-rate, due March 2015		--			250.0
Senior Notes X, 3.70% fixed-rate, due June 2015		400.0			400.0
Senior Notes FF, 1.25% fixed-rate, due August 2015		650.0			650.0
$1.5 Billion 364-Day Credit Agreement, variable-rate, due September 2015		--			--
Senior Notes AA, 3.20% fixed-rate, due February 2016		750.0			750.0
Senior Notes L, 6.30% fixed-rate, due September 2017		800.0			800.0
Senior Notes V, 6.65% fixed-rate, due April 2018		349.7			349.7
$3.5 Billion Multi-Year Revolving Credit Facility, variable-rate, due June 2018		--			--
Senior Notes N, 6.50% fixed-rate, due January 2019		700.0			700.0
Senior Notes LL, 2.55% fixed-rate, due October 2019		800.0			800.0
Senior Notes Q, 5.25% fixed-rate, due January 2020		500.0			500.0
Senior Notes Y, 5.20% fixed-rate, due September 2020		1,000.0			1,000.0
Senior Notes CC, 4.05% fixed-rate, due February 2022		650.0			650.0
Senior Notes HH, 3.35% fixed-rate, due March 2023		1,250.0			1,250.0
Senior Notes JJ, 3.90% fixed-rate, due February 2024		850.0			850.0
Senior Notes MM, 3.75% fixed-rate, due February 2025		1,150.0			1,150.0
Senior Notes D, 6.875% fixed-rate, due March 2033		500.0			500.0
Senior Notes H, 6.65% fixed-rate, due October 2034		350.0			350.0
Senior Notes J, 5.75% fixed-rate, due March 2035		250.0			250.0
Senior Notes W, 7.55% fixed-rate, due April 2038		399.6			399.6
Senior Notes R, 6.125% fixed-rate, due October 2039		600.0			600.0
Senior Notes Z, 6.45% fixed-rate, due September 2040		600.0			600.0
Senior Notes BB, 5.95% fixed-rate, due February 2041		750.0			750.0
Senior Notes DD, 5.70% fixed-rate, due February 2042		600.0			600.0
Senior Notes EE, 4.85% fixed-rate, due August 2042		750.0			750.0
Senior Notes GG, 4.45% fixed-rate, due February 2043		1,100.0			1,100.0
Senior Notes II, 4.85% fixed-rate, due March 2044		1,400.0			1,400.0
Senior Notes KK, 5.10% fixed-rate, due February 2045		1,150.0			1,150.0
Senior Notes NN, 4.95% fixed-rate, due October 2054		400.0			400.0
TEPPCO senior debt obligations:
TEPPCO Senior Notes, 6.65% fixed-rate, due April 2018		0.3			0.3
TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038		0.4			0.4
Total principal amount of senior debt obligations		20,088.0			19,856.5
EPO Junior Subordinated Notes A, fixed/variable-rate, due August 2066 (1)		550.0			550.0
EPO Junior Subordinated Notes C, fixed/variable-rate, due June 2067 (2)		285.8			285.8
EPO Junior Subordinated Notes B, fixed/variable-rate, due January 2068 (3)		682.7			682.7
TEPPCO Junior Subordinated Notes, fixed/variable-rate, due June 2067		14.2			14.2
Total principal amount of senior and junior debt obligations		21,620.7			21,389.2
Other, non-principal amounts		(28.7	)		(25.4	)
Less current maturities of debt (4)		(1,399.8	)		(2,206.4	)
Total long-term debt	$	20,192.2		$	19,157.4
(1)    Fixed rate of 8.375% through August 1, 2016; thereafter, variable rate based on 3-month LIBOR plus 3.7075%.
(2)    Fixed rate of 7.0% through September 1, 2017; thereafter, variable rate based on 3-month LIBOR plus 2.7775%.
(3)    Fixed rate of 7.034% through January 15, 2018; thereafter, the rate will be the greater of 7.034% or a variable rate based on 3-month LIBOR plus 2.68%.
(4)   We expect to refinance the current maturities of our debt obligations at or prior to their maturity. Long-term and current maturities of debt reflect the classification of such obligations at March 31, 2015, after taking into consideration the long-term refinancing of Senior Notes X and Commercial Paper Notes using proceeds from our senior notes offering in May 2015 (see Note 17).

Consolidated Debt Maturities

The following table presents contractually scheduled maturities of our consolidated debt obligations outstanding at March 31, 2015 for the next five years, and in total thereafter:

			Scheduled Maturities of Debt
	Total		Remainder of 2015		2016		2017		2018		2019		After 2019
Commercial Paper	$	1,388.0	$	1,388.0	$	--	$	--	$	--	$	--	$	--
Senior Notes		18,700.0		1,050.0		750.0		800.0		350.0		1,500.0		14,250.0
Junior Subordinated Notes		1,532.7		--		--		--		--		--		1,532.7
Total	$	21,620.7	$	2,438.0	$	750.0	$	800.0	$	350.0	$	1,500.0	$	15,782.7

Interest Rates and Weighted-Average Interest Rates Paid on Consolidated Variable-Rate Debt Obligations

The following table presents the range of interest rates and weighted-average interest rates paid on our consolidated variable-rate debt during the three months ended March 31, 2015:

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
Commercial Paper Notes	0.35% to 0.78%	0.59%
EPO $3.5 Billion Multi-Year Revolving Credit Facility	1.15% to 3.25%	1.26%