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Price Risk Management Assets And Liabilities (Tables)
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9 Months Ended |
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Sep. 30, 2013
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| Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | Location of Gain/(Loss) Recognized in Income on Derivatives | | Amount of Gain/(Loss) Recognized in Income on Derivatives | | | | Three Months Ended September 30, | | Nine Months Ended
September 30, | | | | 2013 | | 2012 | | 2013 | | 2012 | Derivatives not designated as hedging instruments: | | | | | | | | | Commodity derivatives — Trading | Cost of products sold | | $ | (11 | ) | | $ | 4 |
| | $ | (12 | ) | | $ | (7 | ) | Commodity derivatives — Non-Trading | Cost of products sold | | (34 | ) | | (48 | ) | | (20 | ) | | (36 | ) | Commodity derivatives — Non-Trading | Deferred gas purchases | | — |
| | — |
| | (3 | ) | | — |
| Interest rate derivatives | Gains (losses) on interest rate derivatives | | 3 |
| | (6 | ) | | 55 |
| | (23 | ) | Embedded derivatives | Other income | | 24 |
| | 2 |
| | 2 |
| | 10 |
| Total | | | $ | (18 | ) | | $ | (48 | ) | | $ | 22 |
| | $ | (56 | ) |
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| Interest Rate Swaps Outstanding |
The following table summarizes our interest rate swaps outstanding none of which were designated as hedges for accounting purposes: | | | | | | | | | | | | | | | | | | | | Notional Amount Outstanding | Entity | | Term | | Type(1) | | September 30,
2013 | | December 31, 2012 | ETE | | March 2017 | | Pay a fixed rate of 1.25% and receive a floating rate | | $ | — |
| | $ | 500 |
| ETP | | July 2013 (2) | | Forward-starting to pay a fixed rate of 4.03% and receive a floating rate | | — |
| | 400 |
| ETP | | July 2014 (2) | | Forward-starting to pay a fixed rate of 4.25% and receive a floating rate | | 400 |
| | 400 |
| ETP | | July 2018 | | Pay a floating rate plus a spread of 4.17% and receive a fixed rate of 6.70% | | 600 |
| | 600 |
| ETP | | June 2021 | | Pay a floating rate plus a spread of 2.15% and receive a fixed rate of 4.65% | | 200 |
| | — |
| ETP | | February 2023 | | Pay a floating rate plus a spread of 1.32% and receive a fixed rate of 3.60% | | 400 |
| | — |
| Southern Union | | November 2016 | | Pay a fixed rate of 2.97% and receive a floating rate | | 25 |
| | 75 |
| Southern Union | | November 2021 | | Pay a fixed rate of 3.75% and receive a floating rate | | 450 |
| | 450 |
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| | (1) | Floating rates are based on 3-month LIBOR. |
| | (2) | Represents the effective date. These forward starting swaps have a term of 10 years with a mandatory termination date the same as the effective date. |
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| Fair Value Of Derivative Instruments |
The following table provides a summary of our derivative assets and liabilities: | | | | | | | | | | | | | | | | | | Fair Value of Derivative Instruments | | Asset Derivatives | | Liability Derivatives | | September 30, 2013 | | December 31, 2012 | | September 30, 2013 | | December 31, 2012 | Derivatives designated as hedging instruments: | | | | | | | | Commodity derivatives (margin deposits) | $ | 16 |
| | $ | 8 |
| | $ | (3 | ) | | $ | (10 | ) | | 16 |
| | 8 |
| | (3 | ) | | (10 | ) | Derivatives not designated as hedging instruments: | | | | | | | | Commodity derivatives (margin deposits) | $ | 112 |
| | $ | 110 |
| | $ | (95 | ) | | $ | (116 | ) | Commodity derivatives | 39 |
| | 40 |
| | (38 | ) | | (44 | ) | Current assets held for sale | — |
| | 1 |
| | — |
| | — |
| Non-current assets held for sale | — |
| | 1 |
| | — |
| | — |
| Current liabilities held for sale | — |
| | — |
| | — |
| | (9 | ) | Interest rate derivatives | 43 |
| | 55 |
| | (112 | ) | | (235 | ) | Embedded derivatives in Regency Preferred Units | — |
| | — |
| | (23 | ) | | (25 | ) | | 194 |
| | 207 |
| | (268 | ) | | (429 | ) | Total derivatives | $ | 210 |
| | $ | 215 |
| | $ | (271 | ) | | $ | (439 | ) |
In addition to the above derivatives, $7 million in option premiums were included in price risk management liabilities as of December 31, 2012. |
| Derivatives, Offsetting Fair Value Amounts [Table Text Block] |
The following table presents the fair value of our recognized derivative assets and liabilities on a gross basis and amounts offset on the consolidated balance sheets that are subject to enforceable master netting arrangements or similar arrangements: | | | | | | | | | | | | | | | | | | | | | | | | Asset Derivatives | | Liability Derivatives | | | Balance Sheet Location | | September 30, 2013 | | December 31, 2012 | | September 30, 2013 | | December 31, 2012 | Derivatives in offsetting agreements: | | | | | | | | | OTC contracts | | Price risk management asset (liability) | | $ | 37 |
| | $ | 28 |
| | $ | (38 | ) | | $ | (27 | ) | Broker cleared derivative contracts | | Other current assets (liabilities) | | 170 |
| | 149 |
| | (159 | ) | | (221 | ) | | | | | 207 |
| | 177 |
| | (197 | ) | | (248 | ) | Offsetting agreements: | | | | | | | | | Collateral paid to OTC counterparties | | Other current assets (liabilities) | | — |
| | — |
| | — |
| | 2 |
| Counterparty netting | | Price risk management asset (liability) | | (32 | ) | | (25 | ) | | 32 |
| | 25 |
| Payments on margin deposit | | Other current assets (liabilities) | | (15 | ) | | — |
| | 34 |
| | 59 |
| | | | | (47 | ) | | (25 | ) | | 66 |
| | 86 |
| Net derivatives with offsetting agreements | | 160 |
| | 152 |
| | (131 | ) | | (162 | ) | Derivatives without offsetting agreements | | 50 |
| | 63 |
| | (140 | ) | | (277 | ) | Total derivatives | | $ | 210 |
| | $ | 215 |
| | $ | (271 | ) | | $ | (439 | ) |
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| Partnership's Derivative Assets And Liabilities Recognized OCI On Derivatives |
The following tables summarize the amounts recognized with respect to our derivative financial instruments: | | | | | | | | | | | | | | | | | | Change in Value Recognized in OCI on Derivatives (Effective Portion) | | Three Months Ended September 30, | | Nine Months Ended
September 30, | | 2013 | | 2012 | | 2013 | | 2012 | Derivatives in cash flow hedging relationships: | | | | | | | | Commodity derivatives | $ | (4 | ) | | $ | 11 |
| | $ | 4 |
| | $ | 16 |
| Interest rate derivatives | — |
| | (5 | ) | | — |
| | 15 |
| Total | $ | (4 | ) | | $ | 6 |
| | $ | 4 |
| | $ | 31 |
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| Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | Location of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion) | | Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion) | | | | Three Months Ended September 30, | | Nine Months Ended
September 30, | | | | 2013 | | 2012 | | 2013 | | 2012 | Derivatives in cash flow hedging relationships: | | | | | | | | | Commodity derivatives | Cost of products sold | | $ | 3 |
| | $ | 9 |
| | $ | 5 |
| | $ | 25 |
| Total | | | $ | 3 |
| | $ | 9 |
| | $ | 5 |
| | $ | 25 |
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| Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | Location of Gain/(Loss) Recognized in Income on Derivatives | | Amount of Gain/(Loss) Recognized in Income Representing Hedge Ineffectiveness and Amount Excluded from the Assessment of Effectiveness | | | | Three Months Ended September 30, | | Nine Months Ended
September 30, | | | | 2013 | | 2012 | | 2013 | | 2012 | Derivatives in fair value hedging relationships (including hedged item): | | | | | | | | Commodity derivatives | Cost of products sold | | $ | — |
| | $ | 10 |
| | $ | 4 |
| | $ | 29 |
| Total | | | $ | — |
| | $ | 10 |
| | $ | 4 |
| | $ | 29 |
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ETP [Member]
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| Outstanding Commodity-Related Derivatives |
The following table details ETP’s outstanding commodity-related derivatives: | | | | | | | | | | | | September 30, 2013 | | December 31, 2012 | | Notional Volume | | Maturity | | Notional Volume | | Maturity | Mark-to-Market Derivatives | | | | | | | | (Trading) | | | | | | | | Natural Gas (MMBtu): | | | | | | | | Fixed Swaps/Futures | 6,560,000 |
| | 2013-2019 | | — |
| | — | Basis Swaps IFERC/NYMEX (1) | (27,402,500 | ) | | 2013-2017 | | (30,980,000 | ) | | 2013-2014 | Swing Swaps | 1,690,000 |
| | 2013-2016 | | — |
| | — | Power (Megawatt): | | | | | | | | Forwards | 562,250 |
| | 2013 | | 19,650 |
| | 2013 | Futures | 97,212 |
| | 2013 | | (1,509,300 | ) | | 2013 | Options — Calls | (1,700 | ) | | 2013 | | 1,656,400 |
| | 2013 | Crude (Bbls) — Futures | 80,000 |
| | 2013 | | — |
| | — | (Non-Trading) | | | | | | | | Natural Gas (MMBtu): | | | | | | | | Basis Swaps IFERC/NYMEX | (5,300,000 | ) | | 2013-2014 | | 150,000 |
| | 2013 | Swing Swaps IFERC | 6,965,000 |
| | 2013-2016 | | (83,292,500 | ) | | 2013 | Fixed Swaps/Futures | (14,072,500 | ) | | 2013-2015 | | 27,077,500 |
| | 2013 | Forward Physical Contracts | (11,663,485 | ) | | 2013-2014 | | 11,689,855 |
| | 2013-2014 | Natural Gas Liquid (Bbls) — Forwards/Swaps | (1,182,000 | ) | | 2013-2014 | | (30,000 | ) | | 2013 | Refined Products (Bbls) — Futures | (93,327 | ) | | 2013-2014 | | (666,000 | ) | | 2013 | Fair Value Hedging Derivatives | | | | | | | | (Non-Trading) | | | | | | | | Natural Gas (MMBtu): | | | | | | | | Basis Swaps IFERC/NYMEX | (6,577,500 | ) | | 2013 | | (18,655,000 | ) | | 2013 | Fixed Swaps/Futures | (47,215,000 | ) | | 2014 | | (44,272,500 | ) | | 2013 | Hedged Item — Inventory | 47,215,000 |
| | 2014 | | 44,272,500 |
| | 2013 | Cash Flow Hedging Derivatives | | | | | | | | (Non-Trading) | | | | | | | | Natural Gas (MMBtu): | | | | | | | | Basis Swaps IFERC/NYMEX | (1,150,000 | ) | | 2013 | | — |
| | — | Fixed Swaps/Futures | (5,720,000 | ) | | 2013 | | (8,212,500 | ) | | 2013 | Natural Gas Liquid (Bbls) — Forwards/Swaps | (720,000 | ) | | 2013 | | (930,000 | ) | | 2013 | Crude (Bbls) — Futures | (120,000 | ) | | 2013 | | — |
| | — | Refined Products (Bbls) — Futures | — |
| | — | | (98,000 | ) | | 2013 |
(1) Includes aggregate amounts for open positions related to Houston Ship Channel, Waha Hub, NGPL TexOk, West Louisiana Zone and Henry Hub locations |
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Regency [Member]
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| Outstanding Commodity-Related Derivatives |
The following table details Regency’s outstanding commodity-related derivatives: | | | | | | | | | | | | September 30, 2013 | | December 31, 2012 | | Notional Volume | | Maturity | | Notional Volume | | Maturity | Mark-to-Market Derivatives | | | | | | | | (Non-Trading) | | | | | | | | Natural Gas (MMBtu): | | | | | | | | Fixed Swaps/Futures | 15,176,000 |
| | 2013-2014 | | 8,395,000 |
| | 2013-2014 | Propane (Gallons): | | | | | | | | Forwards/Swaps | 33,642,000 |
| | 2013-2014 | | 3,318,000 |
| | 2013 | Natural Gas Liquids (Barrels): | | | | | | | | Forwards/Swaps | 144,000 |
| | 2013-2014 | | 243,000 |
| | 2013-2014 | WTI Crude Oil (Barrels): | | | | | | | | Forwards/Swaps | 829,000 |
| | 2013-2014 | | 356,000 |
| | 2014 |
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