Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments

Equity method investments are as follows:

	December 31,
(millions)	2015		2014
Equity Method Investments
AMPCO	$	120	$	141
Alba Plant	87		82
CONE Investments(1)	214		82
Other	32		20
Total Equity Method Investments	$	453	$	325

⁽¹⁾ CONE Investments includes our investments in CONE Midstream and CONE Gathering.

Other At December 31, 2015, consolidated retained earnings included $106 million related to the undistributed earnings of equity method investees.

The carrying value of our AMPCO investment was $8 million higher than the underlying net assets of the investee at December 31, 2015.  The difference is related to capitalized interest which is being amortized into earnings over the remaining useful life of the plant.

Summarized, 100% combined financial information for equity method investees is as follows:

	December 31,
(millions)	2015		2014
Balance Sheet Information
Current Assets	$	343	$	412
Noncurrent Assets	1,418		1,169
Current Liabilities	229		374
Noncurrent Liabilities	108		33

	Year Ended December 31,
(millions)	2015			2014			2013
Statements of Operations Information
Operating Revenues	$	645		$	1,142		$	1,256
Operating Expenses	393			405			388
Operating Income	252			737			868
Other (Income) Net	(9		)	(9		)	(14		)
Income Before Income Taxes	261			746			882
Income Tax Provision	46			172			212
Net Income	$	215		$	574		$	670