Note 10 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

	Three months ended June 30,				Six months ended June 30,
In millions	2012		2011		2012		2011
Operating income	$	91	$	60	$	353	$	298
Other income		9		2		13		3
EBIT		100		62		366		301
Interest expense, net		45		32		92		61
Earnings before income taxes		55		30		274		240
Income taxes		20		11		100		87
Net income	$	35	$	19	$	174	$	153

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 (3)			Consolidated
Operating revenues from external parties	$	449	$	136	$	7		$	18	$	80		$	(4	)	$	686
Intercompany revenues (1)		41		0		0			0		0			(41	)		0
Total operating revenues		490		136		7			18		80			(45	)		686
Operating expenses
Cost of goods sold		131		93		4			7		51			(46	)		240
Operation and maintenance		152		25		11			4		26			0			218
Depreciation and amortization		86		3		0			4		6			3			102
Nicor merger expenses		0		0		0			0		0			3			3
Taxes other than income taxes		25		1		1			2		1			2			32
Total operating expenses		394		122		16			17		84			(38	)		595
Operating income (loss)		96		14		(9	)		1		(4	)		(7	)		91
Other income		4		0		0			1		3			1			9
EBIT	$	100	$	14	$	(9	)	$	2	$	(1	)	$	(6	)	$	100
Capital expenditures	$	146	$	2	$	0		$	17	$	1		$	13		$	179

In millions	Distribution operations		Retail operations		Wholesale services			Midstream operations		Cargo shipping		Other and intercompany eliminations (3)			Consolidated
Operating revenues from external parties	$	236	$	117	$	9		$	11	$	0	$	2		$	375
Intercompany revenues (1)		41		0		0			0		0		(41	)		0
Total operating revenues		277		117		9			11		0		(39	)		375
Operating expenses
Cost of goods sold		70		100		1			2		0		(39	)		134
Operation and maintenance		89		15		12			4		0		(1	)		119
Depreciation and amortization		36		0		1			2		0		3			42
Nicor merger expenses		0		0		0			0		0		8			8
Taxes other than income taxes		9		1		0			1		0		1			12
Total operating expenses		204		116		14			9		0		(28	)		315
Operating income (loss)		73		1		(5	)		2		0		(11	)		60
Other income		1		0		0			0		0		1			2
EBIT	$	74	$	1	$	(5	)	$	2	$	0	$	(10	)	$	62
Capital expenditures	$	87	$	0	$	1		$	8	$	0	$	6		$	102

In millions	Distribution operations		Retail operations		Wholesale services		Midstream operations		Cargo shipping			Other and intercompany eliminations (3)			Consolidated
Operating revenues from external parties	$	1,443	$	399	$	71	$	34	$	164		$	(21	)	$	2,090
Intercompany revenues (1)		87		0		0		0		0			(87	)		0
Total operating revenues		1,530		399		71		34		164			(108	)		2,090
Operating expenses
Cost of goods sold		660		259		34		12		101			(107	)		959
Operation and maintenance		325		57		24		9		54			(6	)		463
Depreciation and amortization		174		7		1		6		12			6			206
Nicor merger expenses		0		0		0		0		0			13			13
Taxes other than income taxes		82		2		2		3		3			4			96
Total operating expenses		1,241		325		61		30		170			(90	)		1,737
Operating income (loss)		289		74		10		4		(6	)		(18	)		353
Other income		5		0		0		1		6			1			13
EBIT	$	294	$	74	$	10	$	5	$	0		$	(17	)	$	366
Identifiable and total assets (2)	$	10,829	$	452	$	895	$	685	$	471		$	(58	)	$	13,274
Goodwill	$	1,586	$	124	$	2	$	16	$	77		$	8		$	1,813
Capital expenditures	$	268	$	4	$	0	$	59	$	1		$	18		$	350

In millions	Distribution operations		Retail operations		Wholesale services		Midstream operations		Cargo shipping		Other and intercompany eliminations (3)			Consolidated
Operating revenues from external parties	$	741	$	407	$	62	$	41	$	0	$	2		$	1,253
Intercompany revenues (1)		79		0		0		0		0		(79	)		0
Total operating revenues		820		407		62		41		0		(77	)		1,253
Operating expenses
Cost of goods sold		338		301		4		23		0		(77	)		589
Operation and maintenance		179		35		28		8		0		(2	)		248
Depreciation and amortization		72		1		1		4		0		5			83
Nicor merger expenses		0		0		0		0		0		10			10
Taxes other than income taxes		18		1		1		2		0		3			25
Total operating expenses		607		338		34		37		0		(61	)		955
Operating income (loss)		213		69		28		4		0		(16	)		298
Other income		2		0		0		0		0		1			3
EBIT	$	215	$	69	$	28	$	4	$	0	$	(15	)	$	301
Identifiable and total assets (2)	$	5,592	$	189	$	1,038	$	476	$	0	$	(78	)	$	7,217
Goodwill	$	404	$	0	$	0	$	14	$	0	$	0		$	418
Capital expenditures	$	167	$	1	$	1	$	15	$	0	$	12		$	196