Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Segment Reporting Information, by Segment

Three months ended September 30, 2015



In millions	Distribution operations		Retail operations		Wholesale services ⁽¹⁾		Midstream operations			Other segments			Intercompany eliminations			Consolidated
Operating revenues from external parties	$	410	$	134	$	34	$	12		$	—		$	(6	)	$	584
Intercompany revenues	35		—		—		—			—			(35		)	—
Total operating revenues	445		134		34		12			—			(41		)	584
Operating expenses
Cost of goods sold	96		86		1		3			—			(40		)	146
Operation and maintenance	158		29		14		6			(2		)	(1		)	204
Depreciation and amortization	83		7		—		4			4			—			98
Taxes other than income taxes	23		1		1		1			2			—			28
Merger-related expenses	—		—		—		—			35			—			35
Goodwill impairment	—		—		—		14			—			—			14
Total operating expenses	360		123		16		28			39			(41		)	525
Operating income (loss)	85		11		18		(16		)	(39		)	—			59
Other income	1		—		—		—			1			—			2
EBIT	$	86	$	11	$	18	$	(16	)	$	(38	)	$	—		$	61
Capital expenditures	$	273	$	2	$	1	$	8		$	9		$	—		$	293

Three months ended September 30, 2014



In millions	Distribution operations		Retail operations		Wholesale services ⁽¹⁾			Midstream operations			Other segments			Intercompany eliminations			Consolidated
Operating revenues from external parties	$	439	$	146	$	5		$	4		$	1		$	(6	)	$	589
Intercompany revenues	35		—		—			—			—			(35		)	—
Total operating revenues	474		146		5			4			1			(41		)	589
Operating expenses
Cost of goods sold	138		99		3			(3		)	—			(39		)	198
Operation and maintenance	145		34		10			5			1			(2		)	193
Depreciation and amortization	79		7		—			5			2			—			93
Taxes other than income taxes	24		1		1			1			3			—			30
Total operating expenses	386		141		14			8			6			(41		)	514
Gain on disposition of assets	—		—		3			—			—			—			3
Operating income (loss)	88		5		(6		)	(4		)	(5		)	—			78
Other income (expense)	1		—		(1		)	—			3			—			3
EBIT	$	89	$	5	$	(7	)	$	(4	)	$	(2	)	$	—		$	81
Capital expenditures	$	196	$	3	$	—		$	3		$	9		$	—		$	211

Nine months ended September 30, 2015



In millions	Distribution operations		Retail operations		Wholesale services⁽¹⁾		Midstream operations			Other segments			Intercompany eliminations			Consolidated
Operating revenues from external parties	$	2,201	$	628	$	128	$	42		$	9		$	(29	)	$	2,979
Intercompany revenues	131		—		—		—			—			(131		)	—
Total operating revenues	2,332		628		128		42			9			(160		)	2,979
Operating expenses
Cost of goods sold	1,038		391		10		15			5			(156		)	1,303
Operation and maintenance	503		100		49		18			(4		)	(4		)	662
Depreciation and amortization	248		19		1		13			12			—			293
Taxes other than income taxes	128		3		2		3			6			—			142
Merger-related expenses	—		—		—		—			35			—			35
Goodwill impairment	—		—		—		14			—			—			14
Total operating expenses	1,917		513		62		63			54			(160		)	2,449
Operating income (loss)	415		115		66		(21		)	(45		)	—			530
Other income	5		—		—		1			3			—			9
EBIT	$	420	$	115	$	66	$	(20	)	$	(42	)	$	—		$	539
Total assets	$	12,096	$	645	$	913	$	680		$	9,307		$	(9,435	)	$	14,206
Capital expenditures	$	691	$	6	$	2	$	18		$	28		$	—		$	745

Nine months ended September 30, 2014



In millions	Distribution operations		Retail operations		Wholesale services ⁽¹⁾			Midstream operations			Other segments			Intercompany eliminations			Consolidated
Operating revenues from external parties	$	2,821	$	728	$	383		$	65		$	5		$	(62	)	$	3,940
Intercompany revenues	153		1		—			—			—			(154		)	—
Total operating revenues	2,974		729		383			65			5			(216		)	3,940
Operating expenses
Cost of goods sold	1,655		498		13			44			—			(210		)	2,000
Operation and maintenance	515		105		59			18			2			(6		)	693
Depreciation and amortization	235		21		1			14			10			—			281
Taxes other than income taxes	146		3		2			4			5			—			160
Total operating expenses	2,551		627		75			80			17			(216		)	3,134
Gain on disposition of assets	—		—		3			—			—			—			3
Operating income (loss)	423		102		311			(15		)	(12		)	—			809
Other income (expense)	5		—		(3		)	1			5			—			8
EBIT	$	428	$	102	$	308		$	(14	)	$	(7	)	$	—		$	817
Total assets	$	11,624	$	663	$	1,056		$	692		$	9,150		$	(9,253	)	$	13,932
Capital expenditures	$	504	$	9	$	1		$	8		$	21		$	—		$	543


(1)	The revenues for wholesale services are netted with costs associated with its energy and risk management activities. A reconciliation of our operating revenues and our intercompany revenues is shown in the following table.

Reconciliation of Revenue from Segments to Consolidated



In millions	Third party gross revenues		Intercompany revenues	Total gross revenues	Less gross gas costs	Operating revenues
Three months ended September 30, 2015	$	1,440	90	1,530	1,496	$	34
Three months ended September 30, 2014	$	1,885	126	2,011	2,006	$	5
Nine months ended September 30, 2015	$	4,876	329	5,205	5,077	$	128
Nine months ended September 30, 2014	$	8,313	584	8,897	8,514	$	383

Reconciliation of Assets from Segment to Consolidated

Identifiable assets are those used in each segment’s operations. Information by segment on our Consolidated Statement of Financial Position as of December 31, 2014, is as follows:



In millions	Distribution operations		Retail operations		Wholesale services		Midstream operations		Other segments		Intercompany eliminations			Consolidated
Total assets	$	12,037	$	670	$	1,402	$	694	$	9,706	$	(9,621	)	$	14,888