Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2018

Debt Obligations [Abstract]

Consolidated Debt Obligations

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

	June 30, 2018			December 31, 2017
EPO senior debt obligations:
Commercial Paper Notes, variable-rates	$	1,970.0		$	1,755.7
Senior Notes V, 6.65% fixed-rate, repaid April 2018		--			349.7
Senior Notes OO, 1.65% fixed-rate, repaid May 2018		--			750.0
364-Day Revolving Credit Agreement, variable-rate, due September 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 TT, 2.80% fixed-rate, due February 2021		750.0			--
Senior Notes RR, 2.85% fixed-rate, due April 2021		575.0			575.0
Senior Notes CC, 4.05% fixed-rate, due February 2022		650.0			650.0
Multi-Year Revolving Credit Facility, variable-rate, due September 2022		--			--
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			875.0
Senior Notes SS, 3.95% fixed-rate, due February 2027		575.0			575.0
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		975.0			975.0
Senior Notes UU, 4.25% fixed-rate, due February 2048		1,250.0			--
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, repaid April 2018		--			0.3
TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038		0.4			0.4
Total principal amount of senior debt obligations		22,720.0			21,605.7
EPO Junior Subordinated Notes A, variable-rate, due August 2066 (1)		521.1			521.1
EPO Junior Subordinated Notes C, variable-rate, due June 2067 (2)		256.4			256.4
EPO Junior Subordinated Notes B, fixed/variable-rate, redeemed March 2018		--			682.7
EPO Junior Subordinated Notes D, fixed/variable-rate, due August 2077 (3)		700.0			700.0
EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077 (4)		1,000.0			1,000.0
EPO Junior Subordinated Notes F, fixed/variable-rate, due February 2078 (5)		700.0			--
TEPPCO Junior Subordinated Notes, fixed/variable-rate, due June 2067		14.2			14.2
Total principal amount of senior and junior debt obligations		25,911.7			24,780.1
Other, non-principal amounts		(222.8	)		(211.4	)
Less current maturities of debt		(2,668.7	)		(2,855.0	)
Total long-term debt	$	23,020.2		$	21,713.7
(1)   Variable rate is reset quarterly and based on 3-month LIBOR plus 3.708%. (2)   Variable rate is reset quarterly and based on 3-month LIBOR plus 2.778%. (3)   Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%. (4)   Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%. (5)   Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.57%.

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 six months ended June 30, 2018:

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
Commercial Paper Notes	1.50% to 2.50%	2.14%
Multi-Year Revolving Credit Facility	2.58% to 4.75%	3.31%
EPO Junior Subordinated Notes A	5.08% to 6.07%	5.61%
EPO Junior Subordinated Notes C	4.26% to 5.08%	4.66%

Consolidated Debt Maturities

The following table presents contractually scheduled maturities of our consolidated debt obligations outstanding at June 30, 2018 for the next five years, and in total thereafter:

			Scheduled Maturities of Debt
	Total		Remainder of 2018		2019		2020		2021		2022		Thereafter
Commercial Paper Notes	$	1,970.0	$	1,970.0	$	--	$	--	$	--	$	--	$	--
Senior Notes		20,750.0		--		1,500.0		1,500.0		1,325.0		650.0		15,775.0
Junior Subordinated Notes		3,191.7		--		--		--		--		--		3,191.7
Total	$	25,911.7	$	1,970.0	$	1,500.0	$	1,500.0	$	1,325.0	$	650.0	$	18,966.7