Non-wholly Owned Entities (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net

The following table provides additional information on SouthStar’s assets and liabilities as of December 31, which are consolidated within our Consolidated Balance Sheets. The SouthStar amounts exclude intercompany eliminations and the balances of our wholly owned subsidiary with an 85% ownership interest in SouthStar.



	2015						2014
In millions	Consolidated		SouthStar		%		Consolidated		SouthStar		%
Current assets	$	2,115	$	245	12	%	$	2,886	$	236	8	%
Goodwill and other intangible assets	1,922		114		6		1,952		125		6
Long-term assets and other deferred debits	10,717		16		—		10,050		17		—
Total assets	$	14,754	$	375	3	%	$	14,888	$	378	3	%
Current liabilities	$	3,000	$	54	2	%	$	3,219	$	71	2	%
Long-term liabilities and other deferred credits	7,779		—		—		7,841		—		—
Total liabilities	10,779		54		1		11,060		71		1
Equity	3,975		321		8		3,828		307		8
Total liabilities and equity	$	14,754	$	375	3	%	$	14,888	$	378	3	%

Schedule of Variable Interest Entities

The following table provides information on SouthStar’s operating revenues and operating expenses for the years ended December 31, which are consolidated within our Consolidated Statements of Income.



In millions	2015		2014
Operating revenues	$	711	$	866
Operating expenses
Cost of goods sold	490		645
Operation and maintenance	81		87
Depreciation and amortization	10		11
Taxes other than income taxes	1		1
Total operating expenses	582		744
Operating income	$	129	$	122

Equity Method Investments

The carrying amounts on our Consolidated Balance Sheets of our investments that are accounted for under the equity method at December 31 were as follows:



In millions	2015		2014
Triton	$	49	$	62
Horizon Pipeline	14		14
PennEast Pipeline	9		1
Atlantic Coast Pipeline	7		2
Other	1		1
Total	$	80	$	80

Schedule of Other Nonoperating Income, by Component

The following table provides the income from our equity method investments for the years ended December 31. For more information on our other income, see Note 3.



In millions	2015		2014		2013
Triton	$	4	$	6	$	9
Horizon Pipeline	2		2		2
Other	—		—		(8		)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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