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Investments in, Earnings from and Transactions with Unconsolidated Affiliates (Tables)

9 Months Ended

Sep. 30, 2011

Investments in, Earnings from and Transactions with Unconsolidated Affiliates [Abstract]

Investments in and earnings (losses) from unconsolidated affiliates


										Earnings (Losses) from
		Investment								Unconsolidated Affiliates
										Quarters Ended								Nine Months Ended
		September 30,				December 31,				September 30,								September 30,
		2011				2010				2011				2010				2011				2010
		(In millions)								(In millions)
Net Investment and Earnings (Losses)
Ruby		$	1,069			$	—			$	(1	)		$	—			$	(1	)		$	—
Citrus⁽¹⁾			897				822				25				27				74				67
Four Star ⁽²⁾			351				393				(3	)			(2	)			(4	)			(3	)
Gulf LNG⁽³⁾			237				266				(1	)			(1	)			(1	)			(1	)
Bolivia-to-Brazil Pipeline			108				104				10				1				13				10
Other⁽⁴⁾			94				88				6				3				17				94

Total		$	2,756			$	1,673			$	36			$	28			$	98			$	167


⁽¹⁾		As of September 30, 2011, we had outstanding receivables of approximately $37 million, included in other long term assets, related to a promissory note from Citrus whereby we will lend up to $150 million.

⁽²⁾		We recorded amortization of our purchase cost in excess of the underlying net assets of Four Star Oil and Gas Company (Four Star) of $8 million and $9 million for the quarters ended September 30, 2011 and 2010 and $26 million and $28 million for the nine months ended September 30, 2011 and 2010.

⁽³⁾		As of September 30, 2011 and December 31, 2010, we had outstanding advances and receivables of $150 million and $85 million, included in other long term assets, related to our investment in Gulf LNG. On October 1, 2011, the Gulf LNG Clean Energy project was placed in service.

⁽⁴⁾		Includes our investment in Gasoductos de Chihuahua for the nine months ended September 30, 2010. In April 2010, we completed the sale of our interest in this investment and recorded a pretax gain of approximately $80 million. See Note 2.

Summarized financial information of unconsolidated affiliates


		Quarters Ended								Nine Months Ended
		September 30,								September 30,
		2011				2010				2011				2010
		(In millions)
Summarized Financial Information
Operating results data:
Operating revenues		$	181			$	126			$	478			$	386
Operating expenses			95				63				264				201
Net income			46				40				120				119