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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2015
Business Segments [Abstract]  
Measurement of Total Segment Gross Operating Margin
The following table presents our measurement of non-GAAP total segment gross operating margin for the periods indicated:

 
 
For the Three Months
Ended September 30,
  
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Revenues
 
$
6,307.9
  
$
12,330.2
  
$
20,872.9
  
$
37,760.9
 
Subtract operating costs and expenses
  
(5,452.6
)
  
(11,414.8
)
  
(18,426.5
)
  
(34,934.4
)
Add equity in income of unconsolidated affiliates
  
103.1
   
72.3
   
302.5
   
179.1
 
Add depreciation, amortization and accretion expense amounts not reflected in gross operating margin
  
351.1
   
322.7
   
1,082.0
   
936.5
 
Add impairment charges not reflected in gross operating margin
  
26.8
   
5.7
   
139.1
   
18.2
 
Add net losses or subtract net gains attributable to asset sales and insurance recoveries not reflected in gross operating margin (see Note 16)
  
12.3
   
(2.6
)
  
14.7
   
(99.0
)
Add non-refundable deferred revenues attributable to shipper make-up rights on new pipeline projects reflected in gross operating margin
  
3.4
   
21.6
   
39.3
   
66.8
 
Subtract subsequent recognition of deferred revenues attributable to make-up rights not reflected in gross operating margin
  
(10.9
)
  
--
   
(45.3
)
  
--
 
Total segment gross operating margin
 
$
1,341.1
  
$
1,335.1
  
$
3,978.7
  
$
3,928.1
 
Reconciliation of Total Segment Gross Operating Margin to Operating Income and Income Before Provision for Income Taxes
The following table presents a reconciliation of total segment gross operating margin to operating income and further to income before income taxes for the periods indicated:

 
 
For the Three Months
Ended September 30,
  
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Total segment gross operating margin
 
$
1,341.1
  
$
1,335.1
  
$
3,978.7
  
$
3,928.1
 
Adjustments to reconcile total segment gross operating margin to operating income:
                
Subtract depreciation, amortization and accretion expense amounts not reflected in gross operating margin
  
(351.1
)
  
(322.7
)
  
(1,082.0
)
  
(936.5
)
Subtract impairment charges not reflected in gross operating margin
  
(26.8
)
  
(5.7
)
  
(139.1
)
  
(18.2
)
Add net gains or subtract net losses attributable to asset sales and insurance recoveries not reflected in gross operating margin
  
(12.3
)
  
2.6
   
(14.7
)
  
99.0
 
Subtract non-refundable deferred revenues attributable to shipper make-up rights on new pipeline projects reflected in gross operating margin
  
(3.4
)
  
(21.6
)
  
(39.3
)
  
(66.8
)
Add subsequent recognition of deferred revenues attributable to make-up rights not reflected in gross operating margin
  
10.9
   
--
   
45.3
   
--
 
Subtract general and administrative costs not reflected in gross operating margin
  
(49.0
)
  
(50.0
)
  
(143.2
)
  
(150.9
)
Operating income
  
909.4
   
937.7
   
2,605.7
   
2,854.7
 
Other expense, net
  
(246.2
)
  
(230.8
)
  
(736.4
)
  
(679.8
)
Income before income taxes
 
$
663.2
  
$
706.9
  
$
1,869.3
  
$
2,174.9
 
Information by Business Segments
Information by business segment, together with reconciliations to our consolidated financial statement totals, is presented in the following table:

 
 
Reportable Business Segments
  
  
 
 
 
NGL
Pipelines
& Services
  
Crude Oil
Pipelines
& Services
  
Natural Gas
Pipelines
& Services
  
Petrochemical
& Refined Products Services
  
Offshore
Pipelines
& Services
  
Adjustments
and
Eliminations
  
Consolidated
Total
 
Revenues from third parties:
 
  
  
  
  
  
  
 
Three months ended September 30, 2015
 
$
2,284.6
  
$
2,316.4
  
$
705.2
  
$
980.0
  
$
7.8
  
$
--
  
$
6,294.0
 
Three months ended September 30, 2014
  
4,024.0
   
5,435.6
   
1,026.5
   
1,792.0
   
41.1
   
--
   
12,319.2
 
Nine months ended September 30, 2015
  
7,223.2
   
8,080.4
   
2,117.5
   
3,347.6
   
76.9
   
--
   
20,845.6
 
Nine months ended September 30, 2014
  
13,217.2
   
16,236.6
   
3,261.0
   
4,869.9
   
112.4
   
--
   
37,697.1
 
Revenues from related parties:
                            
Three months ended September 30, 2015
  
2.2
   
6.2
   
4.5
   
--
   
1.0
   
--
   
13.9
 
Three months ended September 30, 2014
  
2.7
   
1.5
   
5.4
   
--
   
1.4
   
--
   
11.0
 
Nine months ended September 30, 2015
  
6.0
   
8.6
   
10.8
   
--
   
1.9
   
--
   
27.3
 
Nine months ended September 30, 2014
  
10.2
   
31.1
   
16.5
   
--
   
6.0
   
--
   
63.8
 
Intersegment and intrasegment revenues:
                            
Three months ended September 30, 2015
  
2,461.0
   
1,142.1
   
180.2
   
267.3
   
0.1
   
(4,050.7
)
  
--
 
Three months ended September 30, 2014
  
3,603.8
   
2,529.5
   
231.0
   
452.2
   
1.2
   
(6,817.7
)
  
--
 
Nine months ended September 30, 2015
  
7,685.1
   
3,958.9
   
519.7
   
875.8
   
0.6
   
(13,040.1
)
  
--
 
Nine months ended September 30, 2014
  
10,789.7
   
10,714.5
   
835.8
   
1,317.6
   
4.8
   
(23,662.4
)
  
--
 
Total revenues:
                            
Three months ended September 30, 2015
  
4,747.8
   
3,464.7
   
889.9
   
1,247.3
   
8.9
   
(4,050.7
)
  
6,307.9
 
Three months ended September 30, 2014
  
7,630.5
   
7,966.6
   
1,262.9
   
2,244.2
   
43.7
   
(6,817.7
)
  
12,330.2
 
Nine months ended September 30, 2015
  
14,914.3
   
12,047.9
   
2,648.0
   
4,223.4
   
79.4
   
(13,040.1
)
  
20,872.9
 
Nine months ended September 30, 2014
  
24,017.1
   
26,982.2
   
4,113.3
   
6,187.5
   
123.2
   
(23,662.4
)
  
37,760.9
 
Equity in income (loss) of unconsolidated affiliates:
                            
Three months ended September 30, 2015
  
18.9
   
81.2
   
0.9
   
(3.3
)
  
5.4
   
--
   
103.1
 
Three months ended September 30, 2014
  
11.7
   
46.8
   
0.9
   
(4.2
)
  
17.1
   
--
   
72.3
 
Nine months ended September 30, 2015
  
43.0
   
220.5
   
2.8
   
(10.4
)
  
46.6
   
--
   
302.5
 
Nine months ended September 30, 2014
  
19.2
   
131.7
   
2.7
   
(10.3
)
  
35.8
   
--
   
179.1
 
Gross operating margin:
                            
Three months ended September 30, 2015
  
695.5
   
254.6
   
192.4
   
191.5
   
7.1
   
--
   
1,341.1
 
Three months ended September 30, 2014
  
711.5
   
190.8
   
195.4
   
190.3
   
47.1
   
--
   
1,335.1
 
Nine months ended September 30, 2015
  
2,041.3
   
704.2
   
588.3
   
547.4
   
97.5
   
--
   
3,978.7
 
Nine months ended September 30, 2014
  
2,172.4
   
534.5
   
618.8
   
482.4
   
120.0
   
--
   
3,928.1
 
Property, plant and equipment, net:
(see Note 6)
                            
At September 30, 2015
  
12,192.8
   
3,550.0
   
8,680.6
   
3,013.5
   
--
   
3,777.2
   
31,214.1
 
At December 31, 2014
  
11,766.9
   
2,332.2
   
8,835.5
   
3,047.2
   
1,145.1
   
2,754.7
   
29,881.6
 
Investments in unconsolidated affiliates:
(see Note 7)
                            
At September 30, 2015
  
708.9
   
1,817.9
   
23.1
   
75.4
   
--
   
--
   
2,625.3
 
At December 31, 2014
  
682.3
   
1,767.7
   
23.2
   
75.1
   
493.7
   
--
   
3,042.0
 
Intangible assets, net: (see Note 9)
                            
At September 30, 2015
  
460.4
   
2,402.3
   
1,025.7
   
193.7
   
--
   
--
   
4,082.1
 
At December 31, 2014
  
689.2
   
2,223.6
   
972.9
   
374.8
   
41.6
   
--
   
4,302.1
 
Goodwill: (see Note 9)
                            
At September 30, 2015
  
2,651.7
   
1,842.8
   
296.3
   
958.4
   
--
   
--
   
5,749.2
 
At December 31, 2014
  
2,210.2
   
918.7
   
296.3
   
793.0
   
82.0
   
--
   
4,300.2
 
Segment assets:
                            
At September 30, 2015
  
16,013.8
   
9,613.0
   
10,025.7
   
4,241.0
   
--
   
3,777.2
   
43,670.7
 
At December 31, 2014
  
15,348.6
   
7,242.2
   
10,127.9
   
4,290.1
   
1,762.4
   
2,754.7
   
41,525.9
 
Consolidated Revenues and Expenses
The following table presents additional information regarding our consolidated revenues and costs and expenses for the periods indicated:

 
 
For the Three Months
Ended September 30,
  
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
NGL Pipelines & Services:
 
  
  
  
 
Sales of NGLs and related products
 
$
1,844.9
  
$
3,603.4
  
$
5,936.2
  
$
12,029.8
 
Midstream services
  
441.9
   
423.3
   
1,293.0
   
1,197.6
 
Total
  
2,286.8
   
4,026.7
   
7,229.2
   
13,227.4
 
Crude Oil Pipelines & Services:
                
Sales of crude oil
  
2,147.3
   
5,348.2
   
7,689.3
   
16,003.5
 
Midstream services
  
175.3
   
88.9
   
399.7
   
264.2
 
Total
  
2,322.6
   
5,437.1
   
8,089.0
   
16,267.7
 
Natural Gas Pipelines & Services:
                
Sales of natural gas
  
455.0
   
775.5
   
1,361.2
   
2,515.7
 
Midstream services
  
254.7
   
256.4
   
767.1
   
761.8
 
Total
  
709.7
   
1,031.9
   
2,128.3
   
3,277.5
 
Petrochemical & Refined Products Services:
                
Sales of petrochemicals and refined products
  
780.5
   
1,605.4
   
2,764.2
   
4,338.2
 
Midstream services
  
199.5
   
186.6
   
583.4
   
531.7
 
Total
  
980.0
   
1,792.0
   
3,347.6
   
4,869.9
 
Offshore Pipelines & Services:
                
Sales of natural gas
  
--
   
--
   
--
   
0.2
 
Sales of crude oil
  
0.4
   
2.5
   
3.2
   
7.5
 
Midstream services
  
8.4
   
40.0
   
75.6
   
110.7
 
Total
  
8.8
   
42.5
   
78.8
   
118.4
 
Total consolidated revenues
 
$
6,307.9
  
$
12,330.2
  
$
20,872.9
  
$
37,760.9
 
 
                
Consolidated costs and expenses
                
Operating costs and expenses:
                
Cost of sales
 
$
4,419.9
  
$
10,455.1
  
$
15,355.9
  
$
32,213.1
 
Other operating costs and expenses (1)
  
642.5
   
633.9
   
1,834.8
   
1,865.6
 
Depreciation, amortization and accretion
  
351.1
   
322.7
   
1,082.0
   
936.5
 
Net losses (gains) attributable to asset sales
   and insurance recoveries
  
12.3
   
(2.6
)
  
14.7
   
(99.0
)
Non-cash asset impairment charges
  
26.8
   
5.7
   
139.1
   
18.2
 
General and administrative costs
  
49.0
   
50.0
   
143.2
   
150.9
 
Total consolidated costs and expenses
 
$
5,501.6
  
$
11,464.8
  
$
18,569.7
  
$
35,085.3
 
    
(1)    Represents cost of operating our plants, pipelines and other fixed assets, excluding depreciation, amortization and accretion charges.