XML 81 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]    
Operating revenues$ 1,403$ 1,213$ 3,628$ 3,632
Operating expenses    
Cost of products and services4457135163
Operation and maintenance366327994911
Loss on deconsolidation of subsidiary (Note 15)600 600 
Ceiling test charges1521415216
Depreciation, depletion and amortization299239815699
Taxes, other than income taxes6358217181
Total operating expenses1,5246952,9131,970
Operating income (loss)(121)5187151,662
Earnings from unconsolidated affiliates362898167
Loss on debt extinguishment(101)(104)(169)(104)
Other income, net571186188
Interest and debt expense(242)(255)(721)(782)
Income (loss) before income taxes(423)2581091,131
Income tax expense (benefit)(130)75(73)343
Net income (loss)(293)183182788
Net income attributable to noncontrolling interests(75)(41)(226)(101)
Net income (loss) attributable to El Paso Corporation(368)142(44)687
Preferred stock dividends of El Paso Corporation 9 28
Net income (loss) attributable to El Paso Corporation's common stockholders$ (368)$ 133$ (44)$ 659
Basic earnings per common share    
Net income (loss) attributable to El Paso Corporation's common stockholders$ (0.48)$ 0.19$ (0.06)$ 0.95
Diluted earnings per common share    
Net income (loss) attributable to El Paso Corporation's common stockholders$ (0.48)$ 0.19$ (0.06)$ 0.90
Dividends declared per El Paso Corporation's common share$ 0.01$ 0.01$ 0.03$ 0.03