Stockholders' Equity (Tables)
|
6 Months Ended |
Jun. 30, 2014
|
Stockholders' Equity Note [Abstract] |
|
Schedule of Common Stock Outstanding Roll Forward |
The following table sets forth the changes in our outstanding shares during the six months ended June 30, 2014 and 2013. | | | | | | | | Six Months Ended June 30, | | 2014 | | 2013 | Beginning balance | 1,030,677,076 |
| | 1,035,668,596 |
| Shares repurchased and canceled | (2,780,337 | ) | | — |
| Shares issued with conversions of EP Trust I Preferred securities | 2,820 |
| | 74,134 |
| Shares issued for exercised warrants | — |
| | 16,886 |
| Restricted shares vested | 10,145 |
| | 9,814 |
| Ending balance | 1,027,909,704 |
| | 1,035,769,430 |
|
|
Schedule of Dividends Payable [Table Text Block] |
The following table provides information about our per share dividends. | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | Per common share cash dividend declared for the period | $ | 0.43 |
| | $ | 0.40 |
| | $ | 0.85 |
| | $ | 0.78 |
| Per common share cash dividend paid in the period | $ | 0.42 |
| | $ | 0.38 |
| | $ | 0.83 |
| | $ | 0.75 |
|
|
Schedule of Warrants Outstanding Roll Forward [Table Text Block] |
The table below sets forth the changes in our outstanding warrants during the six months ended June 30, 2014 and 2013. | | | | | | | | Six Months Ended June 30, | | 2014 | | 2013 | Beginning balance | 347,933,107 |
| | 439,809,442 |
| Warrants repurchased and canceled | (49,783,406 | ) | | (25,781,031 | ) | Warrants issued with conversions of EP Trust I Preferred securities | 4,315 |
| | 113,317 |
| Warrants exercised | — |
| | (21,208 | ) | Ending balance | 298,154,016 |
| | 414,120,520 |
|
|
Schedule of Noncontrolling Interest |
The caption “Noncontrolling interests” in our accompanying consolidated balance sheets consists of interests that we do not own in the following subsidiaries (in millions): | | | | | | | | | | June 30, 2014 | | December 31, 2013 | KMP | $ | 8,008 |
| | $ | 7,642 |
| EPB | 4,392 |
| | 4,122 |
| KMR | 3,306 |
| | 3,142 |
| Other | 329 |
| | 286 |
| | $ | 16,035 |
| | $ | 15,192 |
|
|
Schedule of noncontrolling interest contributions text block [Table Text Block] |
The table below shows significant issuances to the public of common units or shares, the net proceeds from the issuances and the use of the proceeds during the six months ended June 30, 2014 by KMP, EPB and KMR (dollars in millions and units and shares in thousands). | | | | | | | | | | | | | Issuances | | Common units/shares | | Net proceeds | | Use of proceeds | | | | (in thousands) | | (in millions) | | | KMP | | | | | | | | Issued under equity distribution agreement with UBS | | 2014 | | 4,387 |
| | $ | 335 |
| | Reduced borrowings under KMP’s commercial paper program | Other issuances | | | | | | | | February 2014 | | 7,935 |
| | $ | 603 |
| | Reduced borrowings under KMP’s commercial paper program that were used to fund KMP's APT acquisition in January 2014 | EPB | | | | | | | | Issued under equity distribution agreement with Citigroup | | 2014 | | 2,385 |
| | $ | 75 |
| | General partnership purposes | Other issuances | | | | | | | | May 2014 | | 7,820 |
| | $ | 242 |
| | Issued to pay a portion of the purchase price for the May 2014 drop-down transaction | KMR | | | | | | | | Issued under equity distribution agreement with Credit Suisse | | 2014 | | 1,334 |
| | $ | 97 |
| | Purchased additional KMP i-units; KMP then used proceeds to reduce borrowings under its commercial paper program |
|
Schedule of Distributions by Noncontrolling Interests [Table Text Block] |
The following table provides information about distributions from our noncontrolling interests (in millions except per unit distribution amounts): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2014 | | 2013 | | 2014 | | 2013 | KMP | | | | | | | | Per unit cash distribution declared for the period | $ | 1.39 |
| | $ | 1.32 |
| | $ | 2.77 |
| | $ | 2.62 |
| Per unit cash distribution paid in the period | $ | 1.38 |
| | $ | 1.30 |
| | $ | 2.74 |
| | $ | 2.59 |
| Cash distributions paid in the period to the public | $ | 412 |
| | $ | 307 |
| | $ | 807 |
| | $ | 606 |
| EPB | | | | | | | | Per unit cash distribution declared for the period | $ | 0.65 |
| | $ | 0.63 |
| | $ | 1.30 |
| | $ | 1.25 |
| Per unit cash distribution paid in the period | $ | 0.65 |
| | $ | 0.62 |
| | $ | 1.30 |
| | $ | 1.23 |
| Cash distributions paid in the period to the public | $ | 84 |
| | $ | 79 |
| | $ | 167 |
| | $ | 155 |
| KMR(a) | | | | | | | | Share distributions paid in the period to the public | 2,083,523 |
| | 1,502,562 |
| | 4,036,493 |
| | 3,072,680 |
|
_______ | | (a) | KMR’s distributions are paid in the form of additional shares or fractions thereof calculated by dividing the KMP cash distribution per common unit by the average of the market closing prices of a KMR share determined for a ten-trading day period ending on the trading day immediately prior to the ex-dividend date for the shares. Represents share distributions made in the period to noncontrolling interests and excludes 303,291 and 587,579 of shares distributed for the three and six months ended June 30, 2014, respectively, and 224,390 and 458,868 of shares distributed in the three months and six months ended June 30, 2013, respectively, on KMR shares we directly and indirectly own. On July 16, 2014, KMR declared a share distribution of 0.017397 shares per outstanding share, or 2,283,909 shares (of which 1,996,474 shares will be payable to the public), on August 14, 2014 to shareholders of record as of July 31, 2014, based on the $1.39 per common unit distribution declared by KMP. |
|