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Investments Investments (Notes)
 12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Equity Method Investments and Joint Ventures Disclosure [Text Block] Investments
 
Our investments primarily consist of equity investments where we hold significant influence over investee actions and for which we apply the equity method of accounting. The following table provides details on our investments as of December 31, 2019 and 2018, and our earnings (losses) from these respective investments for the years ended December 31, 2019, 2018 and 2017 (in millions): 

 
Ownership Interest
 
Equity Investments
 
Earnings (Losses) from
Equity Investments
 
December 31,
 
December 31,
 
Year ended December 31,
 
2019
 
2019
 
2018
 
2019
 
2018
 
2017
Citrus Corporation
50%
 
$
1,856

 
$
1,708

 
$
157

 
$
169

 
$
108

SNG
50%
 
1,473

 
1,536

 
140

 
141

 
77

NGPL Holdings LLC(a)
50%
 
721

 
733

 
81

 
66

 
10

Gulf Coast Express Pipeline LLC
34%
 
656

 
240

 
37

 
2

 
—

MEP
50%
 
439

 
235

 
15

 
31

 
38

Gulf LNG(b)
50%
 
361

 
361

 
17

 
(61
)
 
47

Plantation Pipe Line Company
51%
 
348

 
344

 
58

 
55

 
46

Utopia Holding LLC
50%
 
335

 
333

 
20

 
14

 
—

Permian Highway Pipeline
27%
 
309

 
45

 
—

 
—

 
—

EagleHawk
25%
 
285

 
299

 
17

 
7

 
24

Watco Companies, LLC
(c)
 
185

 
185

 
19

 
21

 
19

FEP(d)
50%
 
102

 
44

 
59

 
55

 
(97
)
Ruby(e)
(f)
 
41

 
750

 
(609
)
 
26

 
44

Cortez Pipeline Company
53%
 
26

 
15

 
35

 
36

 
44

All others                                                                                                 
 
 
622

 
653

 
55

 
55

 
68

Total investments
 
 
$
7,759

 
$
7,481

 
$
101

 
$
617

 
$
428

Amortization of excess cost
 
 
 
 
 
 
$
(83
)
 
$
(95
)
 
$
(61
)
_______
(a)
Investment in NGPL Holdings LLC (NGPL) includes a related party promissory note receivable with a principal amount of $500 million as of December 31, 2019. On October 1, 2019, NGPL issued a non-cash related party promissory note with a principal amount of $500 million as a capital distribution.  The related party promissory note accrues interest at 6.75% and is payable quarterly. From the issuance of the related party promissory note receivable through December 31, 2019, we recognized $8.4 million of interest within “Earnings from equity investments” on our accompanying consolidated statement of income.   
(b)
The loss from Gulf LNG for the year ended December 31, 2018 includes our share of earnings recognized due to a ruling by an arbitration panel affecting a customer contract. 2018 amount also includes a non-cash impairment charge of $270 million (pre-tax) driven by this ruling. See Note 4 for more information.
(c)
We hold a preferred and common equity investment in Watco Companies, LLC.  We own 100,000 Class A and 50,000 Class B preferred shares and pursuant to the terms of the investment, receive priority, cumulative cash and stock distributions from the preferred shares at a rate of 3.25% and 3.00% per quarter, respectively.  Neither class holds any voting powers, but do provide us certain approval rights, including the right to appoint one of the members to Watco’s board of managers. In addition to the senior interests, we also hold approximately 13,000 common equity units, which represents a 3.0% common ownership.
(d)
The loss from FEP for the year ended December 31, 2017 amount includes a non-cash impairment charges of $150 million (pre-tax) related to our investment. See Note 4 for more information.
(e)
The loss from Ruby for the year ended December 31, 2019 amount includes a non-cash impairment charges of $650 million (pre-tax) related to our investment. See Note 4 for more information.
(f)
We operate Ruby and own the common interest in Ruby, the sole owner of the Ruby Pipeline natural gas transmission system. Pembina Pipeline Corporation (Pembina) owns the remaining interest in Ruby in the form of a convertible preferred interest. If Pembina converted its preferred interest into common interest, we and Pembina would each own a 50% common interest in Ruby.


Summarized combined financial information for our significant equity investments (listed or described above) is reported below (in millions; amounts represent 100% of investee financial information):
 
 
Year Ended December 31,
Income Statement
 
2019
 
2018
 
2017
Revenues
 
$
4,906

 
$
4,898

 
$
4,406

Costs and expenses
 
3,508

 
3,245

 
3,219

Net income
 
$
1,398

 
$
1,653

 
$
1,187

 
 
December 31,
Balance Sheet
 
2019
 
2018
Current assets
 
$
1,195

 
$
1,422

Non-current assets
 
24,743

 
22,615

Current liabilities
 
2,125

 
2,683

Non-current liabilities
 
9,670

 
9,484

Partners’/owners’ equity
 
14,143

 
11,870