Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity [Text Block]

Note 10 – Stockholders’ Equity

In January 2017, we issued 65 million shares of common stock in a public offering at a price of $29.00 per share. In February 2017, we issued 9.75 million shares of common stock pursuant to the full exercise of the underwriter’s option to purchase additional shares. The net proceeds of approximately $2.1 billion were used to purchase newly issued common units in WPZ as part of our Financial Repositioning. (See Note 1 – General, Description of Business, and Basis of Presentation.)

AOCI

The following table presents the changes in Accumulated other comprehensive income (loss)(AOCI) by component, net of income taxes:

	Cash Flow Hedges			Foreign Currency Translation			Pension and Other Post Retirement Benefits			Total
	(Millions)
Balance at December 31, 2016	$	—		$	(2	)	$	(337	)	$	(339	)
Other comprehensive income (loss) before reclassifications	(3		)	—			—			(3		)
Amounts reclassified from accumulatedother comprehensive income (loss)	—			—			11			11
Other comprehensive income (loss)	(3		)	—			11			8
Balance at September 30, 2017	$	(3	)	$	(2	)	$	(326	)	$	(331	)

Reclassifications out of AOCI are presented in the following table by component for the nine months ended September 30, 2017:

Component	Reclassifications			Classification
	(Millions)
Cash flow hedges:
Energy commodity contracts	$	(1	)	Product sales
Pension and other postretirement benefits:
Amortization of prior service cost (credit) included in net periodic benefit cost	(4		)	Note 8 – Employee Benefit Plans
Amortization of actuarial (gain) loss included in net periodic benefit cost	20			Note 8 – Employee Benefit Plans
Total before tax	15
Income tax benefit	(4		)	Provision (benefit) for income taxes
Reclassifications during the period	$	11