Guarantee of Securities of Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2014

Guarantees [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheets as of September 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor		Subsidiary Issuers		Non-guarantor Subsidiaries		Eliminations			Consolidated KMP
ASSETS
Cash and cash equivalents	$	42	$	—	$	226	$	—		$	268
All other current assets	3,727		2		2,163		(3,576		)	2,316
Property, plant and equipment, net	—		15		29,827		—			29,842
Investments	—		—		2,400		—			2,400
Investments in subsidiaries	13,772		3,745		—		(17,517		)	—
Goodwill	—		920		5,790		—			6,710
Notes receivable from affiliates	19,083		—		—		(19,083		)	—
Other non-current assets	265		—		3,539		—			3,804
Total Assets	$	36,889	$	4,682	$	43,945	$	(40,176	)	$	45,340
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities
Current portion of debt	$	959	$	—	$	—	$	—		$	959
All other current liabilities	152		108		6,338		(3,576		)	3,022
Total long-term debt	18,091		388		3,543		—			22,022
Notes payable to affiliates	—		793		18,290		(19,083		)	—
Deferred income taxes	—		2		294		—			296
Other long-term liabilities and deferred credits	132		1		857		—			990
Total Liabilities	19,334		1,292		29,322		(22,659		)	27,289
Partners’ Capital
Total KMEP Partners’ Capital	17,555		3,390		14,127		(17,517		)	17,555
Noncontrolling interests	—		—		496		—			496
Total Partners’ Capital	17,555		3,390		14,623		(17,517		)	18,051
Total Liabilities and Partners’ Capital	$	36,889	$	4,682	$	43,945	$	(40,176	)	$	45,340

Condensed Consolidating Balance Sheets as of December 31, 2013 (In Millions)
	Parent Guarantor		Subsidiary Issuers		Non-guarantor Subsidiaries		Eliminations			Consolidated KMP
ASSETS
Cash and cash equivalents	$	10	$	1	$	393	$	—		$	404
All other current assets	3,071		13		2,151		(2,971		)	2,264
Property, plant and equipment, net	—		170		27,235		—			27,405
Investments	—		—		2,233		—			2,233
Investments in subsidiaries	13,931		4,430		—		(18,361		)	—
Goodwill	—		813		5,734		—			6,547
Notes receivable from affiliates	17,284		—		—		(17,284		)	—
Other non-current assets	233		—		3,678		—			3,911
Total Assets	$	34,529	$	5,427	$	41,424	$	(38,616	)	$	42,764
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities
Current portion of debt	$	1,504	$	—	$	—	$	—		$	1,504
All other current liabilities	407		107		5,530		(2,971		)	3,073
Total long-term debt	15,644		393		3,587		—			19,624
Notes payable to affiliates	—		907		16,377		(17,284		)	—
Deferred income taxes	—		2		283		—			285
Other long-term liabilities and deferred credits	173		—		884		—			1,057
Total Liabilities	17,728		1,409		26,661		(20,255		)	25,543
Partners’ Capital
Total KMEP Partners’ Capital	16,801		4,018		14,343		(18,361		)	16,801
Noncontrolling interests	—		—		420		—			420
Total Partners’ Capital	16,801		4,018		14,763		(18,361		)	17,221
Total Liabilities and Partners’ Capital	$	34,529	$	5,427	$	41,424	$	(38,616	)	$	42,764

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months ended September 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	3,933		$	—		$	3,933
Operating Costs, Expenses and Other
Costs of sales	—			—			1,640			—			1,640
Depreciation, depletion and amortization	—			—			427			—			427
Other operating expenses	—			9			696			—			705
Total Operating Costs, Expenses and Other	—			9			2,763			—			2,772
Operating (Loss) Income	—			(9		)	1,170			—			1,161
Other Income (Expense), Net	966			46			(159		)	(1,014		)	(161		)
Income Before Income Taxes	966			37			1,011			(1,014		)	1,000
Income Tax Expense	(3		)	—			(21		)	—			(24		)
Net Income	963			37			990			(1,014		)	976
Net Income Attributable to Noncontrolling Interests	—			—			(13		)	—			(13		)
Net Income Attributable to KMEP	$	963		$	37		$	977		$	(1,014	)	$	963
Net Income	$	963		$	37		$	990		$	(1,014	)	$	976
Total Other Comprehensive Income	57			—			57			(57		)	57
Comprehensive Income	1,020			37			1,047			(1,071		)	1,033
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(13		)	—			(13		)
Comprehensive Income Attributable to KMEP	$	1,020		$	37		$	1,034		$	(1,071	)	$	1,020

Condensed Consolidating Statements of Income and Comprehensive Income  for the Three Months ended September 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	3,381		$	—		$	3,381
Operating Costs, Expenses and Other
Costs of sales	—			—			1,531			—			1,531
Depreciation, depletion and amortization	—			(2		)	379			—			377
Other operating expenses	—			7			599			—			606
Total Operating Costs, Expenses and Other	—			5			2,509			—			2,514
Operating (Loss) Income	—			(5		)	872			—			867
Other Income, Net	693			40			(148		)	(735		)	(150		)
Income Before Income Taxes	693			35			724			(735		)	717
Income Tax Expense	(4		)	—			(16		)	—			(20		)
Net Income	689			35			708			(735		)	697
Net Income Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Net Income Attributable to KMEP	$	689		$	35		$	700		$	(735	)	$	689
Net Income	$	689		$	35		$	708		$	(735	)	$	697
Total Other Comprehensive (Loss)	(4		)	—			(4		)	4			(4		)
Comprehensive Income	685			35			704			(731		)	693
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Comprehensive Income Attributable to KMEP	$	685		$	35		$	696		$	(731	)	$	685

Condensed Consolidating Statements of Income and Comprehensive Income  for the Nine Months ended September 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	11,162		$	—		$	11,162
Operating Costs, Expenses and Other
Costs of sales	—			—			4,880			—			4,880
Depreciation, depletion and amortization	—			—			1,234			—			1,234
Other operating expenses	—			24			2,075			—			2,099
Total Operating Costs, Expenses and Other	—			24			8,189			—			8,213
Operating (Loss) Income	—			(24		)	2,973			—			2,949
Other Income (Expense), Net	2,378			124			(482		)	(2,506		)	(486		)
Income Before Income Taxes	2,378			100			2,491			(2,506		)	2,463
Income Tax Expense	(8		)	—			(56		)	—			(64		)
Net Income	2,370			100			2,435			(2,506		)	2,399
Net Income Attributable to Noncontrolling Interests	—			—			(29		)	—			(29		)
Net Income Attributable to KMEP	$	2,370		$	100		$	2,406		$	(2,506	)	$	2,370
Net Income	$	2,370		$	100		$	2,435		$	(2,506	)	$	2,399
Total Other Comprehensive (Loss)	(86		)	—			(87		)	86			(87		)
Comprehensive Income	2,284			100			2,348			(2,420		)	2,312
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(28		)	—			(28		)
Comprehensive Income Attributable to KMEP	$	2,284		$	100		$	2,320		$	(2,420	)	$	2,284

Condensed Consolidating Statements of Income and Comprehensive Income for the Nine Months ended September 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	9,059		$	—		$	9,059
Operating Costs, Expenses and Other
Costs of sales	—			—			3,736			—			3,736
Depreciation, depletion and amortization	—			—			1,062			—			1,062
Other operating expenses	—			33			1,976			—			2,009
Total Operating Costs, Expenses and Other	—			33			6,774			—			6,807
Operating (Loss) Income	—			(33		)	2,285			—			2,252
Other Income, Net	2,482			75			389			(2,550		)	396
Income from Continuing Operations Before Income Taxes	2,482			42			2,674			(2,550		)	2,648
Income Tax Expense	(10		)	—			(137		)	—			(147		)
Income from Continuing Operations	2,472			42			2,537			(2,550		)	2,501
Loss from Discontinued Operations	—			—			(2		)	—			(2		)
Net Income	2,472			42			2,535			(2,550		)	2,499
Net Income Attributable to Noncontrolling Interests	—			—			(27		)	—			(27		)
Net Income Attributable to KMEP	$	2,472		$	42		$	2,508		$	(2,550	)	$	2,472
Net Income	$	2,472		$	42		$	2,535		$	(2,550	)	$	2,499
Total Other Comprehensive (Loss)	(97		)	—			(98		)	97			(98		)
Comprehensive Income	2,375			42			2,437			(2,453		)	2,401
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(26		)	—			(26		)
Comprehensive Income Attributable to KMEP	$	2,375		$	42		$	2,411		$	(2,453	)	$	2,375

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Condensed Consolidating Statements of Cash Flow for the Nine Months ended September 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Net Cash Provided by (Used in) Operating Activities	$	2,406		$	(35	)	$	4,352		$	(3,247	)	$	3,476
Cash Flows From Investing Activities
Acquisitions of assets and investments, net of cash acquired	—			—			(1,100		)	—			(1,100		)
Capital expenditures	—			(64		)	(2,738		)	199			(2,603		)
Contributions to investments	—			—			(319		)	—			(319		)
Distributions from equity investments in excess of cumulative earnings	—			—			53			—			53
Funding (to) from affiliates	(2,608		)	121			155			2,332			—
Natural gas storage and natural gas and liquids line-fill	—			—			22			—			22
Sale, casualty and transfer of property, plant and equipment, investments and other net assets, net of removal costs	—			199			16			(199		)	16
Other, net	(1		)	—			(6		)	—			(7		)
Net Cash (Used in) Provided by Investing Activities	(2,609		)	256			(3,917		)	2,332			(3,938		)
Cash Flows From Financing Activities
Issuance of debt	9,269			—			—			—			9,269
Payment of debt	(7,426		)	—			(1		)	—			(7,427		)
Debt issue costs	(20		)	—			—			—			(20		)
Funding (to) from affiliates	(46		)	(222		)	2,600			(2,332		)	—
Proceeds from issuance of common units	1,044			—			—			—			1,044
Proceeds from issuance of i-units	134			—			—			—			134
Contributions from noncontrolling interests	—			—			94			—			94
Distributions to partners and noncontrolling interests	(2,718		)	—			(3,286		)	3,247			(2,757		)
Other, net	(2		)	—			—			—			(2		)
Net Cash Provided by (Used in) Financing Activities	235			(222		)	(593		)	915			335
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(9		)	—			(9		)
Net increase (decrease) in Cash and Cash Equivalents	32			(1		)	(167		)	—			(136		)
Cash and Cash Equivalents, beginning of period	10			1			393			—			404
Cash and Cash Equivalents, end of period	$	42		$	—		$	226		$	—		$	268

Condensed Consolidating Statements of Cash Flow for the Nine Months ended September 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Net Cash Provided by (Used in) Operating Activities	$	2,107		$	(2	)	$	3,352		$	(2,761	)	$	2,696
Cash Flows From Investing Activities
Payment to KMI for March 2013 drop-down asset group	—			—			(994		)	—			(994		)
Acquisitions of assets and investments, net of cash acquired	—			5			(297		)	—			(292		)
Capital expenditures	—			(107		)	(2,053		)	—			(2,160		)
Proceeds from sale of investments in Express pipeline system	—			—			402			—			402
Contributions to investments	—			—			(163		)	—			(163		)
Distributions from equity investments in excess of cumulative earnings	—			—			48			—			48
Funding to affiliates	(4,807		)	(242		)	(1,291		)	6,340			—
Sale or casualty of property, plant and equipment, investments and other net assets, net of removal costs	—			—			61			—			61
Other, net	4			—			3			—			7
Net Cash Used in Investing Activities	(4,803		)	(344		)	(4,284		)	6,340			(3,091		)
Cash Flows From Financing Activities
Issuance of debt	7,901			—			14			—			7,915
Payment of debt	(5,621		)	(854		)	(99		)	—			(6,574		)
Debt issue costs	(22		)	—			—			—			(22		)
Funding from affiliates	1,391			1,201			3,748			(6,340		)	—
Proceeds from issuance of common units	1,080			—			—			—			1,080
Proceeds from issuance of i-units	145			—			—			—			145
Contributions from noncontrolling interests	—			—			128			—			128
Contributions from General Partner	38			—			—			—			38
Pre-acquisition contributions from KMI to March 2013 drop-down asset group	—			—			35			—			35
Distributions to partners and noncontrolling interests	(2,302		)	—			(2,791		)	2,761			(2,332		)
Other, net	—			—			(1		)	—			(1		)
Net Cash Provided by Financing Activities	2,610			347			1,034			(3,579		)	412
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(12		)	—			(12		)
Net (decrease) increase in Cash and Cash Equivalents	(86		)	1			90			—			5
Cash and Cash Equivalents, beginning of period	95			—			434			—			529
Cash and Cash Equivalents, end of period	$	9		$	1		$	524		$	—		$	534