XML 56 R44.htm IDEA: XBRL DOCUMENT v3.19.1
GUARANTEES (Tables)
 3 Months Ended
Mar. 31, 2019
Guarantees [Abstract]  
Schedule of outstanding guarantees
The following table shows our outstanding guarantees:
 
 
 
 
Expiration
(in millions)
 
Total Amounts Committed at March 31, 2019
 
Less Than 1 Year
 
1 to 3 Years
 
Over 3 Years
Guarantees
 
 
 
 
 
 
 
 
Guarantees supporting commodity transactions of subsidiaries (1)
 
$
7.1

 
$
7.1

 
$
—

 
$
—

Standby letters of credit (2)
 
102.8

 
5.7

 
1.1

 
96.0

Surety bonds (3)
 
9.2

 
8.9

 
0.3

 
—

Other guarantees (4)
 
11.0

 
—

 
0.9

 
10.1

Total guarantees
 
$
130.1

 
$
21.7

 
$
2.3

 
$
106.1


(1) 
Includes $5.6 million and $1.5 million to support the business operations of Bluewater and UMERC, respectively.

(2) 
At our request or the request of our subsidiaries, financial institutions have issued standby letters of credit for the benefit of third parties that have extended credit to our subsidiaries. These amounts are not reflected on our balance sheets.

(3) 
Primarily for workers compensation self-insurance programs and obtaining various licenses, permits, and rights-of-way. These amounts are not reflected on our balance sheets.

(4) 
Consists of $11.0 million related to other indemnifications, for which a liability of $10.1 million related to workers compensation coverage was recorded on our balance sheets.