Investing Activities (Tables)

12 Months Ended

Dec. 31, 2014

Investing Income



	Years Ended December 31,
	2014		2013		2012
	(Millions)
Gain on remeasurement of equity-method investment (1)	$	2,544	$	—	$	—
Equity earnings (losses) (1)	144		134		111
Income (loss) from investments (1)	—		28		49
Interest income and other	43		53		28
Total investing income	$	2,731	$	215	$	188

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(1)	Items also included in Segment profit (loss). (See Note 19 – Segment Disclosures.)

Investments [Table Text Block]

Investments



	December 31,
	2014		2013
	(Millions)
Equity method:
Appalachia Midstream Investments (2)	$	3,033	$	—
Delaware Basin gas gathering system — 50% (2)	1,478		—
UEOM — 49% (2)	1,411		—
Discovery Producer Services LLC (Discovery) — 60% (1)	602		527
Laurel Mountain — 69% (1)	459		481
Overland Pass Pipeline Company LLC (OPPL) — 50%	453		452
Caiman II — 58% (1)	432		256
Gulfstream — 50%	317		333
Access Midstream Partners — 24% in 2013	—		2,161
Other	215		150
	$	8,400	$	4,360

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(1)	We account for these investments under the equity method of accounting due to the significant participatory rights of our partners such that we do not control or are otherwise not the primary beneficiary of the investments.

(2)

We acquired these investments in the ACMP Acquisition. (Note 2 – Acquisitions.) As discussed in Note 1 – Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies, the Appalachia Midstream Investments include investments in 11 different gathering systems in the Marcellus Shale. Ownership interests range from 33.75 percent to 67.50 percent, resulting in an overall approximate average interest of 45 percent. For those investments where we own in excess of 50 percent, we apply the equity-method of accounting due to the significant participation rights of our partners such that we do not control.

Contributions [Table Text Block]



	2014		2013		2012
	(Millions)
Caiman II	$	175	$	192	$	69
Discovery	106		193		169
Appalachia Midstream Investments	84		—		—
UEOM	57		—		—
Delaware Basin gas gathering system	20		—		—
Laurel Mountain	12		42		174

Dividends and distributions [Table Text Block]



	2014		2013		2012
	(Millions)
Appalachia Midstream Investments	$	120	$	—	$	—
Gulfstream	81		81		79
Access Midstream	64		93		—
Laurel Mountain	39		—		—
Discovery	36		12		21
OPPL	27		27		28
Aux Sable Liquid Products L.P.	15		20		28

Summarized Financial Position and Results of Operations of Equity Method Investments [Table Text Block]

Summarized Financial Position and Results of Operations of All Equity-Method Investments



	December 31,
	2014			2013
	(Millions)
Assets (liabilities):
Current assets	$	599		$	689
Noncurrent assets	9,135			13,621
Current liabilities	(850		)	(573		)
Noncurrent liabilities	(954		)	(4,563		)
Noncontrolling interest	—			(254		)



	Years Ended December 31,
	2014		2013		2012
	(Millions)
Gross revenue	$	1,623	$	2,406	$	1,821
Operating income	534		699		557
Net income	460		627		488