Goodwill (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill [Abstract]

Schedule of Goodwill [Table Text Block]

Changes in the gross amounts of our goodwill and accumulated impairment losses for each of the years ended December 31, 2012 and 2011, are summarized as follows (in millions):

	Products Pipelines		Natural Gas Pipelines			CO2		Terminals			Kinder Morgan Canada			Total
Historical Goodwill	$	263	$	337		$	46	$	338		$	627		$	1,611
Accumulated impairment losses(a)	—		—			—		—			(377		)	(377		)
Balance as of December 31, 2010	263		337			46		338			250			1,234
Acquisitions(b)	—		220			—		—			—			220
Disposals(c)	—		—			—		(12		)	—			(12		)
Currency translation adjustments	—		—			—		—			(6		)	(6		)
Balance as of December 31, 2011	263		557			46		326			244			1,436
Acquisitions(d)	—		3,250			—		—			—			3,250
Disposals(e)	—		(85		)	—		—			—			(85		)
Currency translation adjustments	—		—			—		—			5			5
Balance as of December 31, 2012	$	263	$	3,722		$	46	$	326		$	249		$	4,606

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(a) On April 18, 2007, we announced that we would acquire the Trans Mountain pipeline system from KMI, and we completed this transaction on April 30, 2007.  Following the provisions of U.S. generally accepted accounting principles, the consideration of this transaction caused KMI to consider the fair value of the Trans Mountain pipeline system, and to determine whether goodwill related to these assets was impaired.  Based on this determination, KMI recorded a goodwill impairment charge of $377 million in the first quarter of 2007, and because we have included all of the historical results of Trans Mountain as though the net assets had been transferred to us on January 1, 2006, this impairment is now included in our accumulated impairment losses. We have no other goodwill impairment losses.

(b) 2011 acquisition amount consists of (i) $126 million relating to our acquisition of natural gas treating assets from SouthTex Treaters, Inc. and (ii) $94 million relating to our purchase of the remaining 50% ownership interest in KinderHawk Field Services LLC that we did not already own (both discussed further in Note 3).

(c) 2011 disposal amount consists of (i) $11 million related to the sale of our ownership interest in the boat fleeting business we acquired from Megafleet Towing Co., Inc. in April 2009 (see Note 11); and (ii) $1 million related to the sale of our subsidiary Arrow Terminals B.V.

(d) 2012 acquisition amount relates to acquisition of the drop-down asset group from KMI as discussed in Note 3.

(e) 2012 disposal amount relates to the sale of our FTC Natural Gas Pipelines disposal group as discussed in Note 3. Since our FTC Natural Gas Pipelines disposal group represented a significant portion of our Natural Gas Pipelines business segment, we allocated the goodwill of the segment based on the relative fair value of the portion being disposed of and the portion of the segment remaining.