Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by segment follows (in millions):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012			2011
Revenues
Products Pipelines
Revenues from external customers	$	386	$	242		$	940		$	695
Natural Gas Pipelines
Revenues from external customers	1,113		1,093			2,699			2,999
CO2
Revenues from external customers	420		372			1,250			1,063
Terminals
Revenues from external customers	334		327			1,017			979
Intersegment revenues	—		1			1			1
Kinder Morgan Canada
Revenues from external customers	80		77			226			230
Total segment revenues	2,333		2,112			$	6,133		5,967
Less: Total intersegment revenues	—		(1		)	(1		)	(1		)
Total consolidated revenues	$	2,333	$	2,111		$	6,132		$	5,966

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Segment earnings before depreciation, depletion, amortization and amortization of excess cost of equity investments(a)
Products Pipelines(b)	$	150		$	103		$	492		$	304
Natural Gas Pipelines(c)	405			18			877			319
CO2	327			295			988			823
Terminals	183			180			565			525
Kinder Morgan Canada	56			48			158			150
Total segment earnings before DD&A	1,121			644			3,080			2,121
Total segment depreciation, depletion and amortization	(292		)	(247		)	(796		)	(685		)
Total segment amortization of excess cost of investments	(1		)	(2		)	(5		)	(5		)
General and administrative expenses(d)	(131		)	(100		)	(379		)	(387		)
Interest expense, net of unallocable interest income	(181		)	(132		)	(474		)	(393		)
Unallocable income tax expense	(2		)	(2		)	(7		)	(7		)
Income (Loss) from discontinued operations(e)	(131		)	55			(682		)	145
Total consolidated net income	$	383		$	216		$	737		$	789

	September 30, 2012		December 31, 2011
Assets
Products Pipelines	$	4,775	$	4,479
Natural Gas Pipelines	16,479		9,958
CO2	2,297		2,147
Terminals	4,869		4,428
Kinder Morgan Canada	1,866		1,827
Total segment assets	30,286		22,839
Corporate assets(f)	1,448		1,264
Assets held for sale(g)	1,859		—
Total consolidated assets	$	33,593	$	24,103

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(a) Includes revenues, earnings from equity investments, allocable interest income, and other, net, less operating expenses, allocable income taxes, and other expense (income).

(b) Three and nine month 2012 amounts include increases in expense of $9 million associated with rate case liability adjustments. Three and nine month 2011 amounts include increases in expense of $69 million and $234 million, respectively, associated with rate case, leased rights-of-way, and other legal liability adjustments.

(c) Three and nine month 2011 amounts include a $167 million loss from the remeasurement of our previously held 50% equity interest in KinderHawk to fair value (discussed further in Note 2).

(d) Nine month 2011 amount includes an $87 million increase in expense allocated to us from KMI and associated with a one-time special cash bonus payment that was paid to non-senior management employees in May 2011; however, we do not have any obligation, nor did we pay any amounts related to this expense.

(e) Represents amounts attributable to our FTC Natural Gas Pipelines disposal group. Three and nine month 2012 amounts include loss amounts of $178 million and $827 million, respectively, from both the remeasurement of net assets to fair value and estimated costs to sell (discussed further in Note 2).

(f) Includes cash and cash equivalents; margin and restricted deposits; unallocable interest receivable, prepaid assets and deferred charges; and risk management assets related to debt fair value adjustments.

(g) Primarily represents amounts attributable to our FTC Natural Gas Pipelines disposal group.