XML 117 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements, Derivatives and Other Comprehensive Income (OCI) Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis Table (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]

The table below identifies the Partnership's assets and liabilities that were recorded at fair value at June 30, 2013 (in millions):
 
 
 
Fair Value Measurements at
June 30, 2013
 
 
 
 
 
June 30,
2013
 
Quoted prices in active markets for identical assets
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Total Gains (losses) for the three months ended
June 30, 2013
 
Total Gains (losses) for the six months ended
June 30, 2013
Recurring fair value measurements – Assets
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
3.2

 
$

 
$
3.2

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring fair value measurements – Liabilities
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
0.9

 
$

 
$
0.9

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The table below identifies the Partnership's assets and liabilities that were recorded at fair value at December 31, 2012 (in millions):
 
 
 
Fair Value Measurements at
December 31, 2012
 
 
 
 
 
 
 
December 31,
2012
 
Quoted prices in active markets for identical assets
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Total Gains (losses) for the three months ended
June 30, 2012
 
 
Total Gains (losses) for the six months ended
June 30,
2012
 
Recurring fair value measurements – Assets
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
0.1

 
$

 
$
0.1

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recurring fair value measurements – Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
0.1

 
$

 
$
0.1

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonrecurring fair value measurements – Assets
 
 
 
 
 
 
 
 
 
 
 
 
Assets to be abandoned
$

 
$

 
$

 
$

 
$
(1.5
)
(1) 
 
$
(2.1
)
(1) 
Assets held for sale

 

 

 

 

 
 
(2.8
)
(2) 
 
$

 
$

 
$

 
$

 
$
(1.5
)
 
 
$
(4.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(1)
In 2012, the Partnership determined that it would retire a number of small-diameter pipeline assets with a carrying value of $2.1 million. As a result, an asset impairment charge of $2.9 million and $4.3 million was recorded for the three and six months ended June 30, 2012, of which $1.4 million and $2.2 million represent amounts related to the asset retirement obligations recorded in the three and six months ended June 30, 2012 for these assets.

(2)
In 2012, the Partnership recognized a $2.8 million impairment charge related to its Owensboro, Kentucky, office building. The office building was sold for an amount that equaled its carrying amount of $3.0 million in the third quarter 2012.