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Reportable Segments (Notes)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Reportable Segments
 Reportable Segments
Segment results for the three months ended March 31, 2016 have been retrospectively adjusted to reflect the elimination of the Other segment as a reportable segment. The activities that previously comprised the Other segment are now presented within the Corporate non-segment activities in reconciling to the consolidated totals in the respective segment reporting tables. The Other segment had historically been comprised primarily of legacy operations of acquired businesses not associated with our ongoing operations. These business activities have since been sold or have otherwise ceased. In addition, the Other segment included certain company owned real estate assets which are primarily leased to our operating subsidiaries as well as third party tenants. This activity is now reflected within Corporate activity. In addition, the portions of interest income and income tax expense previously allocated to our business segments are now included in “Interest expense, net” and “Income tax expense” for all periods presented in the following tables.
Financial information by segment follows (in millions):
 
Three Months Ended March 31,
 
2017
 
2016
Revenues
 
 
 
Natural Gas Pipelines
 
 
 
    Revenues from external customers
$
2,168

 
$
1,970

    Intersegment revenues
3

 
1

CO2
303

 
302

Terminals
487

 
465

Products Pipelines
 
 
 
    Revenues from external customers
398

 
391

    Intersegment revenues
4

 
5

Kinder Morgan Canada
59

 
59

Corporate and intersegment eliminations(a)
2

 
2

Total consolidated revenues
$
3,424

 
$
3,195

 
Three Months Ended March 31,
 
2017
 
2016
Segment EBDA(b)
 
 
 
Natural Gas Pipelines
$
1,055

 
$
994

CO2
218

 
187

Terminals
307

 
260

Products Pipelines
287

 
177

Kinder Morgan Canada
43

 
46

Total Segment EBDA
1,910

 
1,664

DD&A
(558
)
 
(551
)
Amortization of excess cost of equity investments
(15
)
 
(14
)
General and administrative and corporate charges
(181
)
 
(190
)
Interest expense, net
(465
)
 
(441
)
Income tax expense
(246
)
 
(154
)
Total consolidated net income
$
445

 
$
314

 
March 31, 2017
 
December 31, 2016
Assets
 
 
 
Natural Gas Pipelines
$
50,418

 
$
50,428

CO2
4,104

 
4,065

Terminals
9,809

 
9,725

Products Pipelines
8,353

 
8,329

Kinder Morgan Canada
1,638

 
1,572

Corporate assets(c)
5,469

 
6,108

Assets held for sale
2

 
78

Total consolidated assets
$
79,793

 
$
80,305

_______
(a)
Includes a management fee for services we perform as operator of an equity investee.
(b)
Includes revenues, earnings from equity investments, other, net, less operating expenses, and other (income) expense, net, loss on impairments and divestitures, net and loss on impairments and divestitures of equity investments, net.
(c)
Includes cash and cash equivalents, margin and restricted deposits, certain prepaid assets and deferred charges, including income tax related assets, risk management assets related to debt fair value adjustments, corporate headquarters in Houston, Texas and miscellaneous corporate assets (such as information technology, telecommunications equipment and legacy operations) not allocated to the reportable segments.