Investments in Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2019

Investments in Unconsolidated Affiliates [Abstract]

Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.

	Ownership Interest at December 31,	December 31,
	2019	2019		2018
NGL Pipelines & Services:
Venice Energy Service Company, L.L.C. (“VESCO”)	13.1%	$	23.2	$	24.1
K/D/S Promix, L.L.C. (“Promix”)	50%		25.7		28.9
Baton Rouge Fractionators LLC (“BRF”)	32.2%		15.6		16.3
Skelly-Belvieu Pipeline Company, L.L.C. (“Skelly-Belvieu”)	50%		33.1		35.6
Texas Express Pipeline LLC (“Texas Express”)	35%		358.1		337.6
Texas Express Gathering LLC (“TEG”)	45%		41.1		43.6
Front Range Pipeline LLC (“Front Range”)	33.3%		207.0		175.9
Crude Oil Pipelines & Services:
Seaway Crude Holdings LLC (“Seaway”)	50%		1,353.1		1,369.7
Eagle Ford Pipeline LLC (“Eagle Ford Crude Oil Pipeline”)	50%		386.5		388.7
Eagle Ford Terminals Corpus Christi LLC (“Eagle Ford Corpus Christi”)	50%		126.9		109.1
Natural Gas Pipelines & Services:
White River Hub, LLC (“White River Hub”)	50%		19.1		20.1
Old Ocean Pipeline, LLC (“Old Ocean”)	50%		8.2		2.7
Petrochemical & Refined Products Services:
Centennial Pipeline LLC (“Centennial”) (1)	50%		–		59.1
Baton Rouge Propylene Concentrator LLC (“BRPC”)	30%		2.0		3.2
Transport 4, LLC (“Transport 4”)	25%		0.6		0.5
Total		$	2,600.2	$	2,615.1

(1) The investment in Centennial was written off in December 2019.

The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the years indicated:

	For the Year Ended December 31,
	2019			2018			2017
NGL Pipelines & Services	$	114.5		$	117.0		$	73.4
Crude Oil Pipelines & Services		449.2			365.4			358.4
Natural Gas Pipelines & Services		6.3			6.8			3.8
Petrochemical & Refined Products Services (1)		(7.0	)		(9.2	)		(9.6	)
Total	$	563.0		$	480.0		$	426.0

(1) The losses recorded for this segment are primarily due to protection, maintenance and pipeline integrity costs of the idled Centennial Pipeline, which was purged and filled with nitrogen in 2013.  Although we wrote off our investment in Centennial in 2019, we, as a 50% owner of Centennial, have a continuing obligation to fund the pipeline’s costs in its idled state.

	December 31,
	2019		2018
NGL Pipelines & Services	$	20.5	$	21.7
Crude Oil Pipelines & Services		16.6		17.4
Petrochemical & Refined Products Services		–		1.7
Total	$	37.1	$	40.8

Summarized Combined Financial Information of Unconsolidated Affiliates

Combined balance sheet information for the last two years and results of operations data for the last three years for our unconsolidated affiliates are summarized in the following table (all data presented on a 100% basis):

	December 31,
	2019		2018
Balance Sheet Data:
Current assets	$	358.1	$	350.2
Property, plant and equipment, net		5,379.7		5,359.1
Other assets		68.7		80.4
Total assets	$	5,806.5	$	5,789.7
Current liabilities	$	230.9	$	220.6
Other liabilities		69.6		77.9
Combined equity		5,506.0		5,491.2
Total liabilities and combined equity	$	5,806.5	$	5,789.7

	For the Year Ended December 31,
	2019		2018		2017
Income Statement Data:
Revenues	$	1,950.2	$	1,721.3	$	1,509.0
Operating income		1,250.4		1,074.6		925.9
Net income		1,251.8		1,069.1		929.5