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Note 10 - Commitments, Guarantees and Contingencies (Details) - Recorded and Unrecorded Contractual Obligations
$ in Millions
Jun. 30, 2015
USD ($)
Recorded contractual obligations:  
Recorded contractual obligations $ 4,394
Recorded contractual obligations, current 506
Recorded contractual obligations, year two 631
Recorded contractual obligations, year three 102
Recorded contractual obligations, year four 220
Recorded contractual obligations, year five 394
Recorded contractual obligations, thereafter 2,541
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2] 8,272
Unrecorded contractual obligations and commitments, current [1],[2] 672
Unrecorded contractual obligations and commitments, year two [1],[2] 928
Unrecorded contractual obligations and commitments, year three [1],[2] 676
Unrecorded contractual obligations and commitments, year four [1],[2] 543
Unrecorded contractual obligations and commitments, year five [1],[2] 502
Unrecorded contractual obligations and commitments, thereafter [1],[2] 4,951
Pipeline Charges, Storage Capacity and Gas Supply [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2],[3] 5,341
Unrecorded contractual obligations and commitments, current [1],[2],[3] 527
Unrecorded contractual obligations and commitments, year two [1],[2],[3] 706
Unrecorded contractual obligations and commitments, year three [1],[2],[3] 491
Unrecorded contractual obligations and commitments, year four [1],[2],[3] 369
Unrecorded contractual obligations and commitments, year five [1],[2],[3] 343
Unrecorded contractual obligations and commitments, thereafter [1],[2],[3] 2,905
Interest Charges [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2],[4] 2,670
Unrecorded contractual obligations and commitments, current [1],[2],[4] 87
Unrecorded contractual obligations and commitments, year two [1],[2],[4] 171
Unrecorded contractual obligations and commitments, year three [1],[2],[4] 147
Unrecorded contractual obligations and commitments, year four [1],[2],[4] 146
Unrecorded contractual obligations and commitments, year five [1],[2],[4] 141
Unrecorded contractual obligations and commitments, thereafter [1],[2],[4] 1,978
Operating Leases [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2],[5] 172
Unrecorded contractual obligations and commitments, current [1],[2],[5] 13
Unrecorded contractual obligations and commitments, year two [1],[2],[5] 26
Unrecorded contractual obligations and commitments, year three [1],[2],[5] 28
Unrecorded contractual obligations and commitments, year four [1],[2],[5] 21
Unrecorded contractual obligations and commitments, year five [1],[2],[5] 16
Unrecorded contractual obligations and commitments, thereafter [1],[2],[5] 68
Asset Management Agreements [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2],[6] 33
Unrecorded contractual obligations and commitments, current [1],[2],[6] 5
Unrecorded contractual obligations and commitments, year two [1],[2],[6] 11
Unrecorded contractual obligations and commitments, year three [1],[2],[6] 9
Unrecorded contractual obligations and commitments, year four [1],[2],[6] 6
Unrecorded contractual obligations and commitments, year five [1],[2],[6] $ 2
Unrecorded contractual obligations and commitments, thereafter [1],[2],[6]  
Standby Letters of Credit, Performance and Surety Bonds [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2] $ 48
Unrecorded contractual obligations and commitments, current [1],[2] 37
Unrecorded contractual obligations and commitments, year two [1],[2] $ 11
Unrecorded contractual obligations and commitments, year three [1],[2]  
Unrecorded contractual obligations and commitments, year four [1],[2]  
Unrecorded contractual obligations and commitments, year five [1],[2]  
Unrecorded contractual obligations and commitments, thereafter [1],[2]  
Other Obligations [Member]  
Unrecorded contractual obligations and commitments (2) (7):  
Unrecorded contractual obligations and commitments [1],[2] $ 8
Unrecorded contractual obligations and commitments, current [1],[2] 3
Unrecorded contractual obligations and commitments, year two [1],[2] 3
Unrecorded contractual obligations and commitments, year three [1],[2] 1
Unrecorded contractual obligations and commitments, year four [1],[2] $ 1
Unrecorded contractual obligations and commitments, year five [1],[2]  
Unrecorded contractual obligations and commitments, thereafter [1],[2]  
Recorded Contractual Obligation, Long-term Debt [Member]  
Recorded contractual obligations:  
Recorded contractual obligations $ 3,506
Recorded contractual obligations, year two 545
Recorded contractual obligations, year three 22
Recorded contractual obligations, year four 155
Recorded contractual obligations, year five 350
Recorded contractual obligations, thereafter 2,434
Recorded Contractual Obligation, Short-term Debt [Member]  
Recorded contractual obligations:  
Recorded contractual obligations 459
Recorded contractual obligations, current 459
Environmental Remediation Liabilities [Member]  
Recorded contractual obligations:  
Recorded contractual obligations [7] 429
Recorded contractual obligations, current [7] 47
Recorded contractual obligations, year two [7] 86
Recorded contractual obligations, year three [7] 80
Recorded contractual obligations, year four [7] 65
Recorded contractual obligations, year five [7] 44
Recorded contractual obligations, thereafter [7] $ 107
[1] In accordance with GAAP, these items are not reflected in our unaudited condensed Consolidated Statements of Financial Position.
[2] We provide guarantees to certain municipalities and other agencies and certain gas suppliers of SouthStar in support of payment obligations.
[3] Includes charges recoverable through a natural gas cost recovery mechanism or alternatively billed to marketers and demand charges associated with Sequent. The gas supply balance includes amounts for Nicor Gas and SouthStar gas commodity purchase commitments of 87 Bcf at floating gas prices calculated using forward natural gas prices as of June 30, 2015, and is valued at $222 million. As we do for other subsidiaries, we provide guarantees to certain gas suppliers for SouthStar in support of payment obligations.
[4] Floating rate interest charges are calculated based on the interest rate as of June 30, 2015 and the maturity date of the underlying debt instrument. As of June 30, 2015, we have $48 million of accrued interest on our unaudited Condensed Consolidated Statements of Financial Position that will be paid in the next 12 months.
[5] We have certain operating leases with provisions for step rent or escalation payments and certain lease concessions. We account for these leases by recognizing the future minimum lease payments on a straight-line basis over the respective minimum lease terms, in accordance with GAAP. However, this lease accounting treatment does not affect the future annual operating lease cash obligations as shown herein. Our operating leases are primarily for real estate.
[6] Represent fixed-fee minimum payments for Sequent's affiliated asset management agreements.
[7] Includes charges recoverable through base rates or rate rider mechanisms.