INVESTMENTS IN UNCONSOLIDATED AFFILIATES INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Notes)

12 Months Ended

Dec. 31, 2015

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

INVESTMENTS IN UNCONSOLIDATED AFFILIATES:

The Company’s investment in Regency consisted of 31.4 million Regency common units and 6.3 million Regency Class F units at December 31, 2014. In connection with the merger of ETP and Regency in April 2015, the Regency common units and Regency Class F units converted to 15.5 million ETP common units. The Company’s investment was accounted for using the equity method. Effective September 1, 2015, the Company exchanged these ETP common units, along with ETP common units that had been received in a previous transaction, for a note receivable from a subsidiary of ETP in the amount of $1.37 billion. The note receivable accrues interest annually at 4.75% and is due on September 1, 2035. In connection with this transaction, the Company also recorded a reduction in goodwill of $229 million and net deferred tax liabilities of $825 million, which amounts were associated with the exchanged ETP common units as a result of previous transactions whereby the Company had acquired ETP common units (and previously, Regency common units and Class F units) in exchange for other assets.

The following tables present aggregated selected balance sheet and income statement data for ETP (on a 100% basis for all periods presented).

	December 31,
	2015		2014
Current assets	$	4,698	$	6,029
Property, plant and equipment, net	45,087		38,907
Other assets	15,388		17,582
Total assets	$	65,173	$	62,518
Current liabilities	$	4,121	$	6,585
Non-current liabilities	34,021		30,622
Equity	27,031		25,311
Total liabilities and equity	$	65,173	$	62,518

	Years Ended December 31,
	2015		2014		2013
Revenue	$	34,292	$	55,475	$	48,335
Operating income	2,259		2,443		1,619
Net income	1,521		1,299		746

The Company has other equity method investments which are not, individually or in the aggregate, significant to our consolidated financial statements.