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Consolidated Statements Of Operations (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Natural gas sales $ 2,705 $ 2,982 $ 2,730
NGL sales 2,253 1,716 826
Crude sales 2,872 0 0
Gathering, transportation and other fees 2,386 1,819 1,360
Refined product sales 5,299 0 0
Other 1,449 1,673 1,640
Total revenues 16,964 8,190 6,556
COSTS AND EXPENSES:      
Cost of products sold 13,088 5,169 4,102
Operating expenses 1,065 906 771
Depreciation and amortization 871 586 406
Selling, general and administrative 580 292 233
Total costs and expenses 15,604 6,953 5,512
OPERATING INCOME 1,360 1,237 1,044
OTHER INCOME (EXPENSE):      
Interest expense, net of interest capitalized (1,018) (740) (625)
Bridge loan related fees (62) 0 0
Equity in earnings of unconsolidated affiliates 212 117 65
Gain on deconsolidation of Propane Business 1,057 0 0
Losses on extinguishments of debt (123) 0 (16)
Losses on disposal of assets 4 1 5
Losses on non-hedged interest rate derivatives (19) (78) (52)
Impairments of investments in affiliates 0 (5) (53)
Other, net 30 17 (4)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE 1,437 548 359
Income tax expense from continuing operations 54 17 14
INCOME FROM CONTINUING OPERATIONS 1,383 531 345
Loss from discontinued operations (109) (3) (8)
NET INCOME 1,274 528 337
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 970 218 144
NET INCOME ATTRIBUTABLE TO PARTNERS 304 310 193
GENERAL PARTNER’S INTEREST IN NET INCOME 2 1 1
LIMITED PARTNERS’ INTEREST IN NET INCOME $ 302 $ 309 $ 192
Basic 1.17 1.39 0.87
Diluted 1.17 1.38 0.87
Basic 1.13 1.39 0.86
Diluted 1.13 1.38 0.86