Investing Activites (Tables)

12 Months Ended

Dec. 31, 2012

Investing Activities (Tables) [Abstract]

Investing income

Investing Income
			Years Ended December 31,
		2012		2011		2010
			(Millions)
Equity earnings (losses) (1)		$	111	$	155	$	143
Income (loss) from investments (1)			49		7		43
Impairment of cost-based investments			-		(1)		-
Interest income and other			28		7		2
	Total investing income	$	188	$	168	$	188

Investments

Investments
		December 31,
		2012		2011
		(Millions)
Equity method:
	Access Midstream Partners - 25%	$	2,187	$	-
	Overland Pass Pipeline Company LLC (OPPL) - 50%		454		433
	Gulfstream - 50%		348		362
	Laurel Mountain - 51% (1)		444		291
	Discovery - 60% (1)		350		182
	Other		204		122
			3,987		1,390
Cost method			-		1
Marketable equity securities			-		24
		$	3,987	$	1,415

Dividends and distributions

	2012		2011		2010
	(Millions)
Gulfstream	$	79	$	84	$	81
Discovery		21		40		44
Aux Sable Liquid Products L.P.		28		35		28
OPPL		28		19		-

Summarized Financial Position and Results of Operations of Equity Method Investments

Summarized Financial Position and Results of Operations of All Equity Method Investments
			December 31,
			2012		2011
			(Millions)
Current assets			$	582	$	381
Noncurrent assets				11,571		8,004
Current liabilities				507		378
Noncurrent liabilities				3,807		2,324
	Years Ended December 31,
	2012		2011		2010
	(Millions)
Gross revenue	$	1,821	$	1,808	$	1,545
Operating income		557		747		732
Net income		488		654		624