Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

Following is geographic information regarding the revenues and long-lived assets of our business segments (in millions):

	Year Ended December 31,
	2014		2013		2012
Revenues from external customers
U.S.	$	15,605	$	13,656	$	9,488
Canada	437		398		407
Mexico	184		16		78
Total consolidated revenues from external customers	$	16,226	$	14,070	$	9,973

_______

	2014		2013		2012
Long-lived assets at December 31(a)
U.S.	$	50,141	$	42,080	$	37,651
Canada	2,268		2,214		2,035
Mexico	81		81		82
Total consolidated long-lived assets	$	52,490	$	44,375	$	39,768

_______

(a) Long-lived assets exclude goodwill and other intangibles, net.

Schedule of Segment Reporting Information, by Segment

Financial information by segment follows (in millions): 

	Year Ended December 31,
	2014			2013			2012
Revenues
Natural Gas Pipelines(a)
Revenues from external customers	$	10,153		$	8,613		$	5,230
Intersegment revenues	15			4			—
CO2	1,960			1,857			1,677
Terminals
Revenues from external customers	1,717			1,408			1,356
Intersegment revenues	1			2			3
Products Pipelines	2,068			1,853			1,370
Kinder Morgan Canada	291			302			311
Other	1			1			(6		)
Total segment revenues	16,206			14,040			9,941
Other revenues(b)	36			36			35
Less: Total intersegment revenues	(16		)	(6		)	(3		)
Total consolidated revenues	$	16,226		$	14,070		$	9,973

	Year Ended December 31,
	2014			2013			2012
Operating expenses(c)
Natural Gas Pipelines(a)	$	6,241		$	5,235		$	3,111
CO2	494			439			381
Terminals	746			657			685
Products Pipelines	1,258			1,295			759
Kinder Morgan Canada	106			110			103
Other	24			30			5
Total segment operating expenses	8,869			7,766			5,044
Other operating expenses	—			—			4
Less: Total intersegment operating expenses	(16		)	(6		)	(3		)
Total consolidated operating expenses	$	8,853		$	7,760		$	5,045

	Year Ended December 31,
	2014			2013			2012
Other expense (income)
Natural Gas Pipelines(a)	$	5		$	(24	)	$	14
CO2(d)	243			—			(7		)
Terminals	29			(74		)	(14		)
Products Pipelines	(3		)	6			(5		)
Other	1			(7		)	(1		)
Total consolidated other expense (income)	$	275		$	(99	)	$	(13	)

	Year Ended December 31,
	2014		2013		2012
DD&A
Natural Gas Pipelines(a)	$	897	$	797	$	478
CO2	570		533		494
Terminals	337		247		236
Products Pipelines	166		155		143
Kinder Morgan Canada	51		54		56
Other	19		20		12
Total consolidated DD&A	$	2,040	$	1,806	$	1,419

	Year Ended December 31,
	2014		2013		2012
Earnings from equity investments
Natural Gas Pipelines(a)(e)	$	318	$	232	$	52
CO2	25		24		25
Terminals	18		22		21
Products Pipelines	44		45		39
Kinder Morgan Canada	—		4		5
Other	1		—		11
Total consolidated equity earnings	$	406	$	327	$	153

	Year Ended December 31,
	2014			2013		2012
Amortization of excess cost of equity investments
Natural Gas Pipelines(a)	$	39		$	32	$	17
CO2	(1		)	2		2
Products Pipelines	7			5		4
Total consolidated amortization of excess cost of equity investments	$	45		$	39	$	23

	Year Ended December 31,
	2014		2013		2012
Interest income
Natural Gas Pipelines	$	1	$	—	$	18
Products Pipelines	2		2		2
Kinder Morgan Canada	—		3		14
Other	6		8		3
Total segment interest income	9		13		37
Unallocated interest income	—		2		(9		)
Total consolidated interest income	$	9	$	15	$	28

	Year Ended December 31,
	2014			2013		2012
Other, net-income (expense)
Natural Gas Pipelines(f)	$	24		$	578	$	4
CO2	—			—		(1		)
Terminals	12			1		2
Products Pipelines	(1		)	1		9
Kinder Morgan Canada(g)	15			246		3
Other	30			9		2
Total consolidated other, net-income (expense)	$	80		$	835	$	19

	Year Ended December 31,
	2014			2013			2012
Income tax benefit (expense)
Natural Gas Pipelines	$	(6	)	$	(9	)	$	(5	)
CO2	(8		)	(7		)	(5		)
Terminals	(29		)	(14		)	(3		)
Products Pipelines	(2		)	2			2
Kinder Morgan Canada	(18		)	(21		)	(1		)
Total segment income tax expense	(63		)	(49		)	(12		)
Unallocated income tax expense	(585		)	(693		)	(127		)
Total consolidated income tax expense	$	(648	)	$	(742	)	$	(139	)

	Year Ended December 31,
	2014			2013			2012
Segment EBDA(h)
Natural Gas Pipelines(a)	$	4,259		$	4,207		$	2,174
CO2	1,240			1,435			1,322
Terminals	944			836			708
Products Pipelines	856			602			668
Kinder Morgan Canada	182			424			229
Other	13			(5		)	7
Total segment EBDA	7,494			7,499			5,108
Total segment DD&A	(2,040		)	(1,806		)	(1,419		)
Total segment amortization of excess cost of equity investments	(45		)	(39		)	(23		)
Other revenues	36			36			35
General and administrative expenses(i)	(610		)	(613		)	(929		)
Interest expense, net of unallocable interest income(j)	(1,807		)	(1,688		)	(1,441		)
Unallocable income tax expense	(585		)	(693		)	(127		)
Loss from discontinued operations, net of tax(k)	—			(4		)	(777		)
Total consolidated net income	$	2,443		$	2,692		$	427

	Year Ended December 31,
	2014		2013		2012
Capital expenditures
Natural Gas Pipelines(a)	$	935	$	1,085	$	499
CO2	792		667		453
Terminals	1,049		1,108		707
Products Pipelines	680		416		307
Kinder Morgan Canada	156		77		16
Other	5		16		40
Total consolidated capital expenditures	$	3,617	$	3,369	$	2,022

	2014		2013
Investments at December 31
Natural Gas Pipelines(a)	5,174		$	5,130
CO2	17		12
Terminals	219		196
Products Pipelines	624		611
Kinder Morgan Canada	1		1
Other	1		1
Total consolidated investments	$	6,036	$	5,951

	2014		2013
Assets at December 31
Natural Gas Pipelines	$	52,523	$	52,357
CO2	5,227		4,708
Terminals	8,850		6,888
Products Pipelines	7,179		6,648
Kinder Morgan Canada	1,593		1,677
Other	459		568
Total segment assets	75,831		72,846
Corporate assets(l)	7,311		2,339
Assets held for sale	56		—
Total consolidated assets	$	83,198	$	75,185

_______

(a) The Copano acquisition was effective May 1, 2013 and the EP acquisition was effective May 25, 2012 (see Note 3).

(b) Includes a management fee for services we perform for NGPL Holdco LLC. 

(c) Includes natural gas purchases and other costs of sales, operations and maintenance expenses, and taxes, other than income taxes.

(d) 2014 amount includes an impairment charge of $235 million primarily related to the Katz Strawn unit.

(e) 2013 and 2012 amounts include impairment charges of $65 million and $200 million, respectively, to reduce the carrying value of our equity investment in NGPL Holdco LLC.  

(f) 2013 amount includes a $558 million gain from the remeasurement of our previously held 50% equity interest in Eagle Ford to fair value (See Note 3).

(g) 2013 amount includes a $224 million pre-tax gain from the sale of our equity and debt investments in the Express pipeline system (See Note 3).

(h) Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other expense (income).  

(i) 2012 amount includes $366 million of pre-tax expense associated with the EP acquisition and EP Energy sale.

(j) Includes (i) interest expense and (ii) miscellaneous other income and expenses not allocated to business segments. 2012 amount includes $108 million of expense for capitalized financing fees associated with the EP acquisition financing that were written-off (primarily due to debt repayments) or amortized.

(k) Represents loss from sale of the FTC Natural Gas Pipelines disposal group and other, net of tax (see Note 3).

(l) Includes cash and cash equivalents, margin and restricted deposits, unallocable interest receivable, prepaid assets and deferred charges, risk management assets related to debt fair value adjustments and miscellaneous corporate assets (such as information technology and telecommunications equipment) not allocated to individual segments.