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CONSOLIDATED STATEMENT OF CHANGES IN PARTNERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Limited Partners
Common units
GTN
Limited Partners
Common units
Bison
Limited Partners
Common units
GTN and Bison
Limited Partners
Common units
Equity Issuance, May 2013
Limited Partners
Common units
ATM Equity Issuance Program
Limited Partners
Common units
Limited Partners
Class B units
Unit issuances
Limited Partners
Class B units
General Partner
GTN
General Partner
GTN and Bison
General Partner
Equity Issuance, May 2013
General Partner
ATM Equity Issuance Program
General Partner
Accumulated Other Comprehensive Loss
[1]
Non-controlling interests
GTN
Non-controlling interests
Bison
Non-controlling interests
Equity of former parent
[2]
GTN
Bison
GTN and Bison
Equity Issuance, May 2013
ATM Equity Issuance Program
Unit issuances
Total
Partners' Equity at beginning of year at Dec. 31, 2012           $ 1,275             $ 27 $ (1)     $ 448 $ 673             $ 2,422
Partners' Equity at beginning of year (in units) at Dec. 31, 2012           53.5                                      
Increase (Decrease) in Partners' Equity                                                  
Net income (loss)           $ 152             3       36               191 [2]
Net income attributed to former parent of GTN and Bison           (26)                       26              
Distributions to former parent of GTN and Bison                                   (37)             (37)
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9)       $ 373             $ 8                     $ 381      
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9) (in units)       8.8                                          
Acquisition of the remaining interest in GTN, 2015; Bison 2014; Excess purchase price paid over net acquired assets, 2013 (Note 6)     $ (268)             $ (6)                     $ (274)        
Distributions           (184)             (4)       (52)               (240)
Equity contribution from Bison's former parent (Note 16)                                 8 10             18
Former parent carrying amount of acquired entities                                   $ (672)             (672)
Adjustment to the 2011 Acquisition           1                                     1
Other           (1)                                     (1)
Partners' Equity at end of year at Dec. 31, 2013           $ 1,322             28 (1)     440               1,789
Partners' Equity at end of year (in units) at Dec. 31, 2013           62.3                                      
Increase (Decrease) in Partners' Equity                                                  
Net income (loss)           $ 168             4       32               204
Other Comprehensive Loss                           (1)                     (1)
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9)         $ 71             $ 2                     $ 73    
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9) (in units)         1.3                                        
Acquisition of the remaining interest in GTN, 2015; Bison 2014; Excess purchase price paid over net acquired assets, 2013 (Note 6)   $ (29)                           $ (188)       $ (217)          
Distributions           (207)             (5)       (50)               (262)
Partners' Equity at end of year at Dec. 31, 2014           $ 1,325             29 (2)     234               1,586
Partners' Equity at end of year (in units) at Dec. 31, 2014           63.6                                      
Increase (Decrease) in Partners' Equity                                                  
Net income (loss)           $ (2)   $ 12         3       7               20
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9)         $ 43   $ 95         $ 1                     $ 44 $ 95  
Equity Issuance, net (Note 9); Issuance of Units (Note 6 and 9) (in units)         0.7   1.9                                    
Acquisition of the remaining interest in GTN, 2015; Bison 2014; Excess purchase price paid over net acquired assets, 2013 (Note 6) $ (124)               $ (3)           $ (232)       $ (359)            
Equity Contribution (Note 6)                         2                       2
Distributions           (221)             (7)       $ (9)               (237)
Partners' Equity at end of year at Dec. 31, 2015           $ 1,021   $ 107         $ 25 $ (2)                     $ 1,151
Partners' Equity at end of year (in units) at Dec. 31, 2015           64.3   1.9                                  
[1] Losses related to cash flow hedges reported in Accumulated Other Comprehensive Loss and expected to be reclassified to net income in the next 12 months are estimated to be $1 million. These estimates assume constant interest rates over time; however, the amounts reclassified will vary based on actual value of interest rates at the date of settlement.
[2] Recast as discussed in Note 2 and Note 6.