Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit) and Effective Income Tax Rate

The following table provides a summary of the current and deferred components of income tax expense (benefit) from continuing operations:

	Successor									Predecessor
	Year Ended December 31, 2014			Year Ended December 31, 2013			Period from Acquisition (March 26, 2012) to December 31, 2012			Period from January 1, 2012 to March 25, 2012
Current expense (benefit):
Federal	$	261		$	(52	)	$	(43	)	$	—
State	24			(7		)	3			(1		)
Total	285			(59		)	(40		)	(1		)
Deferred expense (benefit):
Federal	$	(114	)	$	119		$	81		$	10
State	(25		)	38			(2		)	3
Total	(139		)	157			79			13
Total income tax expense	$	146		$	98		$	39		$	12

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the Company’s effective income tax rate and the U.S. federal income tax statutory rate were as follows:

	Successor									Predecessor
	Year Ended December 31, 2014			Year Ended December 31, 2013			Period from Acquisition (March 26, 2012) to December 31, 2012			Period from January 1, 2012 to March 25, 2012
Computed statutory income tax expense (benefit) at 35%	$	50		$	(165	)	$	17		$	16
Changes in income taxes resulting from:
Earnings from unconsolidated investments related to anticipated receipt of dividends	—			—			5			(5		)
Non-deductible executive compensation	—			—			18			—
Premium on debt retirement	(10		)	—			—			—
State income taxes, net of federal income tax benefit	4			21			1			1
Non-deductible goodwill impairment	—			241			—			—
Non-deductible goodwill included in the Lake Charles LNG Transaction	105			—			—			—
Other	(3		)	1			(2		)	—
Income tax expense	$	146		$	98		$	39		$	12

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The table below summarizes the principal components of the Company’s deferred tax assets (liabilities) as follows:

	December 31,
	2014			2013
Deferred income tax assets:
Other postretirement benefits	$	5		$	5
Debt amortization	40			67
Other	26			40
Total deferred income tax assets	71			112
Valuation allowance	(2		)	—
Net deferred income tax assets	$	69		$	112
Deferred income tax liabilities:
Property, plant and equipment	$	(776	)	$	(956	)
Investment in unconsolidated affiliates	(795		)	(793		)
Other	(6		)	(16		)
Total deferred income tax liabilities	(1,577		)	(1,765		)
Net deferred income tax liability	(1,508		)	(1,653		)
Less current income tax assets	3			6
Accumulated deferred income taxes	$	(1,511	)	$	(1,659	)