Share-based Compensation and Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

The following table sets forth a summary of activity and related balances of our restricted stock excluding that issued to non-employee directors (in millions, except share amounts):



	Year Ended December 31, 2013					Year Ended December 31, 2012					February 11, 2011 Through December 31, 2011
	Shares		Weighted Average Grant Date Fair Value			Shares		Weighted Average Grant Date Fair Value			Shares		Weighted Average Grant Date Fair Value
Outstanding at beginning of period	2,154,022		$	69		1,163,090		$	33		—		$	—
Granted	4,563,495		181			1,463,388		51			980,851		28
Shares issued in exchange for cash awards	—		—			—		—			213,040		6
Vested	(83,444	)	(3		)	(102,033	)	(3		)	—		—
Forfeited	(251,188	)	(8		)	(370,423	)	(12		)	(30,801	)	(1		)
Outstanding at end of period	6,382,885		$	239		2,154,022		$	69		1,163,090		$	33
Intrinsic value of restricted stock vested during the period			$	3				$	4				$	—

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]



Year		Vesting of Restricted Shares
2014		449,043
2015		741,959
2016		1,339,735
2017		470,049
2018		1,172,468
2019		1,531,087
2020		603,072
2021		20,126
2023		55,346
Total Outstanding		6,382,885

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Benefit Obligation, Plan Assets and Funded Status. The following table provides information about our pension and OPEB plans as of and for each of the years ended December 31, 2013 and 2012, and includes information regarding the EP Pension and OPEB plans since the May 25, 2012 acquisition date (in millions):



	Pension Benefits						OPEB
	2013			2012			2013			2012
Change in benefit obligation:
Benefit obligation at beginning of period	$	2,792		$	343		$	720		$	91
Service cost	25			18			—			—
Interest cost	92			67			23			18
Actuarial (gain) loss	(132		)	178			(38		)	40
Benefits paid	(239		)	(58		)	(54		)	(37		)
Participant contributions	—			—			11			7
Medicare Part D subsidy receipts	—			—			6			1
Business combination(a)	—			2,407			—			606
Plan amendments	25			(17		)	(37		)	(5		)
Curtailments, settlements and special termination benefits(b)	—			(146		)	—			(1		)
Benefit obligation at end of period	2,563			2,792			631			720



Change in plan assets:
Fair value of plan assets at beginning of period	2,240			258			341			55
Actual return on plan assets	254			203			40			24
Employer contributions	78			32			42			19
Participant contributions	—			—			11			7
Benefits paid	(239		)	(58		)	(54		)	(37		)
Business combination(a)	—			1,949			—			273
Settlements(b)	—			(144		)	—			—
Fair value of plan assets at end of period	2,333			2,240			380			341
Funded status - net liability at December 31,	$	(230	)	$	(552	)	$	(251	)	$	(379	)

_______

(a) Reflects the acquisition date amount of benefit plan obligations and assets assumed from El Paso.

(b) Reflects the settlement of benefit obligations associated with certain participants in the acquired El Paso plans as a result of the sale of EP Energy, a reduction in force and termination of the SERP.

Schedule of Net Funded Status [Table Text Block]

Components of Funded Status. The following table details the amounts recognized in our balance sheet at December 31, 2013 and 2012 related to our pension and OPEB plans (in millions):



	Pension Benefits						OPEB
	2013			2012			2013			2012
Non-current benefit asset	$	—		$	—		$	224		$	135
Current benefit liability	—			(28		)	(32		)	(33		)
Non-current benefit liability	(230		)	(524		)	(443		)	(481		)
Funded status - net liability at December 31,	$	(230	)	$	(552	)	$	(251	)	$	(379	)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Components of Accumulated Other Comprehensive Income (Loss). The following table details the amounts of pre-tax accumulated other comprehensive income (loss) at December 31, 2013 and 2012 related to our pension and OPEB plans which are included on our accompanying consolidated balance sheets, including the portion attributable to our noncontrolling interests, (in millions):



	Pension Benefits						OPEB
	2013			2012			2013			2012
Unrecognized net actuarial loss	$	(10	)	$	(218	)	$	(17	)	$	(70	)
Unrecognized prior service (cost) credit	(5		)	20			21			4
Accumulated other comprehensive (loss) income	$	(15	)	$	(198	)	$	4		$	(66	)

Fair value of Pension and OPEB assets by level of assets [Table Text Block]

Listed below are the fair values of our pension and OPEB plans’ assets that are recorded at fair value classified in each level at December 31, 2013 and 2012 (in millions):



	Pension Assets
	2013								2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Money market funds	$	—	$	—	$	—	$	—	$	1	$	6	$	—	$	7
Common/collective trusts(a)	—		940		—		940		—		765		—		765
Insurance contracts	—		—		15		15		—		—		14		14
Mutual funds(b)	92		134		—		226		—		266		40		306
Common and preferred stocks(c)	498		—		—		498		812		—		—		812
Corporate bonds	—		220		—		220		—		111		—		111
U.S. government securities	—		120		—		120		—		99		—		99
Asset backed securities	—		29		—		29		—		25		—		25
Limited partnerships	—		—		28		28		—		—		24		24
Equity trusts	—		235		—		235		—		53		—		53
Private equity	—		—		9		9		—		—		9		9
Other	—		13		—		13		—		15		—		15
Total asset fair value(c)	$	590	$	1,691	$	52	$	2,333	$	813	$	1,340	$	87	$	2,240

_______


(a)	For 2013, this category includes common/collective trust funds which are invested in approximately 36% fixed income, 62% equity and 2% short term securities. For 2012, this category includes common/collective trusts funds which are invested in approximately 59% fixed income, 36% equity and 5% short term securities.


(b)	For 2013, this category includes mutual funds which are invested in approximately 60% fixed income and 40% equity. For 2012, this category includes mutual funds which are invested in approximately 28% fixed income, 72% equity and other investments.


(c)	Plan assets include $229 million and $133 million of KMI Class P common stock for 2013 and 2012, respectively.



	OPEB Assets
	2013								2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Money market funds	$	—	$	—	$	—	$	—	$	11	$	1	$	—	$	12
Domestic equity securities	13		—		—		13		—		—		—		—
Common/collective trusts(a)	—		85		—		85		—		277		—		277
Limited partnerships	92		72		—		164		—		—		—		—
Insurance contracts	—		—		46		46		—		—		44		44
Mutual funds	72		—		—		72		—		8		—		8
Total asset fair value	$	177	$	157	$	46	$	380	$	11	$	286	$	44	$	341

_______


(a)	For 2013, this category includes common/collective trust funds which are invested in approximately 70% equity and 30% fixed income securities. For 2012, this category includes common/collective trust funds which are invested in approximately 65% equity and 35% fixed income securities.

Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]

The following tables present the changes in our pension and OPEB plans’ assets included in Level 3 for the years ended December 31, 2013 and 2012, including the EP Pension and OPEB plans since the May 25, 2012 acquisition date (in millions):



	Pension Assets
	Balance at Beginning of Period		Transfers In (Out)		Realized and Unrealized Gains (Losses), net		Purchases (Sales), net			Balance at End of Period
2013
Insurance contracts	$	14	$	—	$	—	$	1		$	15
Mutual funds	40		—		—		(40		)	—
Limited partnerships	24		—		3		1			28
Private equity	9		—		1		(1		)	9
Total	$	87	$	—	$	4	$	(39	)	$	52

2012
Insurance contracts	$	14	$	—	$	—	$	—		$	14
Mutual funds	—		38		2		—			40
Limited partnerships	4		16		—		4			24
Private equity	9		—		—		—			9
Total	$	27	$	54	$	2	$	4		$	87



	OPEB Assets
	Balance at Beginning of Period		Transfers In (Out)		Realized and Unrealized Gains (Losses), net		Purchases (Sales), net			Balance at End of Period
2013
Insurance contracts	$	44	$	—	$	—	$	2		$	46
Total	$	44	$	—	$	—	$	2		$	46

2012
Insurance contracts	$	42	$	—	$	7	$	(5	)	$	44
Total	$	42	$	—	$	7	$	(5	)	$	44

Schedule of Expected Benefit Payments [Table Text Block]

Expected Payment of Future Benefits and Employer Contributions. As of December 31, 2013, we expect to make the following benefit payments under our plans (in millions):



Fiscal year	Pension Benefits		OPEB(a)
2014	$	191	$	52
2015	192		51
2016	195		50
2017	195		49
2018	194		48
2019-2023	964		223

_______


(a)	Includes a reduction of approximately $3 million in each of the years 2014 - 2018 and approximately $13 million in aggregate for 2019 - 2023 for an expected subsidy related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003.

Schedule or Description of Weighted Average Discount Rate [Table Text Block]

Actuarial Assumptions and Sensitivity Analysis. Benefit obligations and net benefit cost are based on actuarial estimates and assumptions. The following table details the weighted-average actuarial assumptions used in determining our benefit obligation and net benefit costs of our pension and OPEB plans for 2013, 2012 and 2011:



	Pension Benefits						OPEB
	2013		2012		2011		2013		2012		2011
Assumptions related to benefit obligations:
Discount rate	4.45	%	3.40	%	4.50	%	4.34	%	3.34	%	4.25	%
Rate of compensation increase	3.50	%	3.00	%	3.50	%	n/a		n/a		n/a
Assumptions related to benefit costs:
Discount rate(a)	3.40	%	4.22	%	5.50	%	3.62	%	4.11	%	5.00	%
Expected return on plan assets(b)(c)	8.00	%	8.44	%	8.90	%	7.35	%	8.21	%	8.90	%
Rate of compensation increase	3.00	%	3.50	%	3.50	%	n/a		n/a		n/a

_______

(a)

The discount rate related to pension benefit cost was 4.50% for the period from January 1, 2012 to May 24, 2012, and 4.03% for the period from May 25, 2012 to December 31, 2012 (the period subsequent to the EP acquisition). The discount rate related to other postretirement benefit cost was 3.34% for the period from January 1, 2013 to July 31, 2013 (the period prior to an OPEB plan amendment that resulted in a remeasurement) and 4.00% for the period from August 1, 2013 to December 31, 2013, and 4.25% for the period from January 1, 2012 to May 24, 2012 and 4.01% for the period from May 25, 2012 to December 31, 2012.

(b)

The expected return on plan assets related to pension cost was 8.90% for the period from January 1, 2012 to May 24, 2012, and 8.11% for the period from May 25, 2012 to December 31, 2012 (the period subsequent to the EP acquisition). The expected return on plan assets related to other postretirement benefit cost was 8.90% for the period from January 1, 2012 to May 24, 2012, and 7.72% for the period from May 25, 2012 to December 31, 2012.


(c)	The expected return on plan assets listed in the table above is a pre-tax rate of return based on our targeted portfolio of investments. For the assumed EP OPEB plans, we utilize an after-tax expected return on plan assets to determine our benefit costs, which is based on unrelated business income taxes at a rate of 24% and 22% for 2013 and 2012, respectively.

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

Actuarial estimates for our OPEB plans assumed a weighted-average annual rate of increase in the per capita cost of covered health care benefits of 6.57%, gradually decreasing to 5.00% by the year 2019. Assumed health care cost trends have a significant effect on the amounts reported for OPEB plans. A one-percentage point change in assumed health care cost trends would have the following effects as of December 31, 2013 and 2012 (in millions):



	2013			2012
One-percentage point increase:
Aggregate of service cost and interest cost	$	2		$	1
Accumulated postretirement benefit obligation	45			52
One-percentage point decrease:
Aggregate of service cost and interest cost	$	(1	)	$	(1	)
Accumulated postretirement benefit obligation	(39		)	(45		)

Schedule of Net Benefit Costs [Table Text Block]

Components of Net Benefit Cost and Other Amounts Recognized in Other Comprehensive Income. For each of the years ended December 31, the components of net benefit cost and other amounts (including amounts associated with the EP Pension and OPEB plans since the May 25, 2012 acquisition date) recognized in pre-tax other comprehensive income related to our pension and OPEB plans are as follows (in millions):



	Pension Benefits									OPEB
	2013			2012			2011			2013			2012			2011
Components of net benefit cost:
Service cost	$	25		$	18		$	13		$	—		$	—		$	—
Interest cost	92			67			17			23			18			4
Expected return on assets	(175		)	(110		)	(22		)	(22		)	(15		)	(5		)
Amortization of prior service (credit) cost	—			(1		)	(1		)	(1		)	(1		)	—
Amortization of net actuarial loss	—			10			7			3			4			4
Curtailment and settlement gain	(3		)	(2		)	—			—			(1		)	—
Net benefit (credit) cost	(61		)	(18		)	14			3			5			3

Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss:
Net (gain) loss arising during period	(211		)	85			46			(50		)	25			13
Prior service cost (credit) arising during period	25			(17		)	(6		)	(18		)	(4		)	—
Amortization or settlement recognition of net actuarial gain (loss)	3			(10		)	(7		)	(3		)	(5		)	(4		)
Amortization of prior service credit	—			1			1			1			1			—
Total recognized in total other comprehensive income loss	(183		)	59			34			(70		)	17			9
Total recognized in net benefit (credit) cost and other comprehensive (income) loss	$	(244	)	$	41		$	48		$	(67	)	$	22		$	12