Partners' Capital (Tables)

9 Months Ended

Sep. 30, 2011

Partners' Capital - (Tables) [Abstract]

As of September 30, 2011 and December 31, 2010, our partners' capital included the following limited partner units:

	September 30,		December 31,
	2011		2010
Common units		230,843,095		218,880,103
Class B units		5,313,400		5,313,400
i-units		96,807,608		91,907,987
Total limited partner units		332,964,103		316,101,490

Changes in Partners' Capital

For each of the three and nine month periods ended September 30, 2011 and 2010, changes in the carrying amounts of our Partners' Capital attributable to both us and our noncontrolling interests, including our comprehensive income are summarized as follows (in millions):

	Three Months Ended September 30,
	2011									2010
	KMP			Noncontrolling Interests			Total			KMP			Noncontrolling interests			Total

Beginning Balance	$	7,616.2		$	87.7		$	7,703.9		$	7,023.1		$	83.1		$	7,106.2

Units issued for cash		107.5			-			107.5			203.5			-			203.5
Distributions paid in cash		(566.5	)		(7.0	)		(573.5	)		(333.7	)		(4.7	)		(338.4	)
Noncash compensation expense allocated from KMI(a)		-			-			-			1.0			-			1.0
Cash contributions		-			2.3			2.3			-			3.0			3.0
Other adjustments		(4.1	)		-			(4.1	)		(0.2	)		-			(0.2	)

Comprehensive income:
Net Income		214.5			1.8			216.3			320.8			1.6			322.4
Other comprehensive income:
Change in fair value of derivatives utilized for hedging purposes		382.7			3.9			386.6			(82.5	)		(0.8	)		(83.3	)
Reclassification of change in fair value of derivatives to net income		48.5			0.5			49.0			47.2			0.4			47.6
Foreign currency translation adjustments		(161.8	)		(1.7	)		(163.5	)		62.2			0.7			62.9
Adjustments to pension and other postretirement benefit plan liabilities		-			-			-			0.3			-			0.3
Total other comprehensive income		269.4			2.7			272.1			27.2			0.3			27.5
Comprehensive income		483.9			4.5			488.4			348.0			1.9			349.9

Ending Balance	$	7,637.0		$	87.5		$	7,724.5		$	7,241.7		$	83.3		$	7,325.0

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table of content

	Nine Months Ended September 30,
	2011									2010
	KMP			Noncontrolling Interests			Total			KMP			Noncontrolling interests			Total

Beginning Balance	$	7,210.7		$	81.8		$	7,292.5		$	6,644.5		$	79.6		$	6,724.1

Units issued as consideration pursuant to common unit compensation plan for non-employee directors		0.2			-			0.2			0.2			-			0.2
Units issued as consideration in the acquisition of assets		23.7			-			23.7			81.7			-			81.7
Units issued for cash		813.3			-			813.3			636.6			-			636.6
Distributions paid in cash		(1,638.8	)		(20.5	)		(1,659.3	)		(1,282.7	)		(16.7	)		(1,299.4	)
Noncash compensation expense allocated from KMI(a)		89.0			0.9			89.9			3.7			-			3.7
Cash contributions		-			15.4			15.4			-			10.2			10.2
Other adjustments		(2.9	)		-			(2.9	)		(0.2	)		-			(0.2	)

Comprehensive income:
Net Income		782.8			6.3			789.1			907.3			7.6			914.9
Other comprehensive income:
Change in fair value of derivatives utilized for hedging purposes		285.9			2.9			288.8			83.5			0.9			84.4
Reclassification of change in fair value of derivatives to net income		186.9			1.9			188.8			133.3			1.3			134.6
Foreign currency translation adjustments		(100.8	)		(1.0	)		(101.8	)		35.9			0.4			36.3
Adjustments to pension and other postretirement benefit plan liabilities		(13.0	)		(0.2	)		(13.2	)		(2.1	)		-			(2.1	)
Total other comprehensive income		359.0			3.6			362.6			250.6			2.6			253.2
Comprehensive income		1,141.8			9.9			1,151.7			1,157.9			10.2			1,168.1

Ending Balance	$	7,637.0		$	87.5		$	7,724.5		$	7,241.7		$	83.3		$	7,325.0

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(a)	For further information about this expense, see Note 9. We do not have any obligation, nor do we expect to pay any amounts related to this expense.