Debt Obligations (Tables)

12 Months Ended

Dec. 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:

	December 31,
	2015			2014
EPO senior debt obligations:
Commercial Paper Notes, variable-rates	$	1,114.1		$	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
Senior Notes FF, 1.25% fixed-rate, due August 2015		--			650.0
Senior Notes AA, 3.20% fixed-rate, due February 2016		750.0			750.0
364-Day Credit Agreement, variable-rate, due September 2016		--			--
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
Senior Notes OO, 1.65% fixed-rate, due May 2018		750.0			--
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
Multi-Year Revolving Credit Facility, variable-rate, due September 2020		--			--
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 PP, 3.70% fixed-rate, due February 2026		875.0			--
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 QQ, 4.90% fixed-rate, due May 2046		875.0			--
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		21,264.1			19,856.5
EPO Junior Subordinated Notes A, fixed/variable-rate, due August 2066 (1)		521.1			550.0
EPO Junior Subordinated Notes C, fixed/variable-rate, due June 2067 (2)		256.4			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		22,738.5			21,389.2
Other, non-principal amounts		(47.9	)		(25.4	)
Less current maturities of debt		(1,863.9	)		(2,206.4	)
Total long-term debt	$	20,826.7		$	19,157.4
(1)Fixed rate of 8.375% through August 1, 2016 (i.e., first call date without a make-whole redemption premium); thereafter, variable rate based on 3-month LIBOR plus 3.708%. (2)Fixed rate of 7.000% through September 1, 2017 (i.e., first call date without a make-whole redemption premium); thereafter, variable rate based on 3-month LIBOR plus 2.778%. (3)Fixed rate of 7.034% through January 15, 2018 (i.e., first call date without a make-whole redemption premium); thereafter, the rate will be the greater of 7.034% or a variable rate based on 3-month LIBOR plus 2.680%.

Consolidated Debt Maturities

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

			Scheduled Maturities of Debt
	Total		2016		2017		2018		2019		2020		Thereafter
Commercial Paper Notes	$	1,114.1	$	1,114.1	$	--	$	--	$	--	$	--	$	--
Senior Notes		20,150.0		750.0		800.0		1,100.0		1,500.0		1,500.0		14,500.0
Junior Subordinated Notes		1,474.4		--		--		--		--		--		1,474.4
Total	$	22,738.5	$	1,864.1	$	800.0	$	1,100.0	$	1,500.0	$	1,500.0	$	15,974.4

Junior Subordinated Notes Interest Rate Terms

The following table summarizes the interest rate terms of our junior subordinated notes:

Series	Fixed Annual Interest Rate	Variable Annual Interest Rate Thereafter
Junior Subordinated Notes A	8.375% through August 2016(1)	3-month LIBOR rate + 3.708%  (4)
Junior Subordinated Notes B	7.034% through January 2018 (2)	Greater of:  (i) 3-month LIBOR rate + 2.680% or (ii) 7.034%  (5)
Junior Subordinated Notes C	7.000% through September 2017 (3)	3-month LIBOR rate + 2.778% (6)
(1)Interest is payable semi-annually in arrears in February and August of each year, which commenced in February 2007. (2)Interest is payable semi-annually in arrears in January and July of each year, which commenced in January 2008. (3)Interest is payable semi-annually in arrears in June and December of each year, which commenced in December 2009. (4)Interest is payable quarterly in arrears in February, May, August and November of each year commencing in November 2016. (5)Interest is payable quarterly in arrears in January, April, July and October of each year commencing in April 2018. (6)Interest is payable quarterly in arrears in March, June, September and December of each year commencing in June 2017.

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 year ended December 31, 2015:

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
Commercial Paper Notes	0.35% to 0.92%	0.58%
Multi-Year Revolving Credit Facility	1.15% to 3.25%	1.30%