Note 10 - Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

In millions	2012		2011
Operating income	$	262	$	238
Other income		4		1
EBIT		266		239
Interest expense		47		29
Earnings before income taxes		219		210
Income taxes		80		76
Net income	$	139	$	134

Schedule of Segment Reporting Information, by Segment [Table Text Block]

In millions	Identifiable and total assets (1)		Goodwill
Distribution operations	$	11,020	$	1,586
Retail operations		501		124
Wholesale services		1,214		2
Midstream operations		635		16
Cargo shipping		481		77
Other (2)		62		8
Consolidated	$	13,913	$	1,813

In millions	Distribution operations		Retail operations		Wholesale services		Midstream operations		Cargo shipping			Other and intercompany eliminations (4)			Consolidated
Operating revenues from external parties	$	994	$	263	$	64	$	16	$	84		$	(17	)	$	1,404
Intercompany revenues (1)		46		0		0		0		0			(46	)		0
Total operating revenues		1,040		263		64		16		84			(63	)		1,404
Operating expenses
Cost of goods sold		529		166		30		5		50			(61	)		719
Operation and maintenance		173		32		13		5		28			(6	)		245
Depreciation and amortization		88		4		1		2		6			3			104
Nicor merger expenses (2)		0		0		0		0		0			10			10
Taxes other than income taxes		57		1		1		1		2			2			64
Total operating expenses		847		203		45		13		86			(52	)		1,142
Operating income (loss)		193		60		19		3		(2	)		(11	)		262
Other income		1		0		0		0		3			0			4
EBIT	$	194	$	60	$	19	$	3	$	1		$	(11	)	$	266
Identifiable and total assets (3)	$	10,785	$	471	$	917	$	665	$	477		$	(76	)	$	13,239
Goodwill	$	1,586	$	124	$	2	$	16	$	77		$	8		$	1,813
Capital expenditures	$	122	$	2	$	0	$	42	$	0		$	5		$	171

In millions	Distribution operations		Retail operations		Wholesale services		Midstream operations		Cargo shipping		Other and intercompany eliminations (4)			Consolidated
Operating revenues from external parties	$	505	$	290	$	53	$	30	$	0	$	0		$	878
Intercompany revenues (1)		38		0		0		0		0		(38	)		0
Total operating revenues		543		290		53		30		0		(38	)		878
Operating expenses
Cost of goods sold		268		201		3		21		0		(38	)		455
Operation and maintenance		90		20		16		4		0		(4	)		126
Depreciation and amortization		36		1		0		2		0		2			41
Nicor merger expenses (2)		0		0		0		0		0		5			5
Taxes other than income taxes		9		0		1		1		0		2			13
Total operating expenses		403		222		20		28		0		(33	)		640
Operating income (loss)		140		68		33		2		0		(5	)		238
Other income		1		0		0		0		0		0			1
EBIT	$	141	$	68	$	33	$	2	$	0	$	(5	)	$	239
Identifiable and total assets (3)	$	5,481	$	222	$	981	$	474	$	0	$	(132	)	$	7,026
Goodwill	$	404	$	0	$	0	$	14	$	0	$	0		$	418
Capital expenditures	$	80	$	1	$	0	$	7	$	0	$	6		$	94