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Newly-Formed Joint Ventures, Acquisitions and Divestitures (Tables)
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Pro Forma Consolidated Information of Operations

The following summarized unaudited pro forma Consolidated Statements of Operations information for the three and nine months ended September 30, 2017 assumes that the Permian Acquisition occurred as of January 1, 2016. We prepared the following summarized unaudited pro forma financial results for comparative purposes only. The summarized unaudited pro forma information may not be indicative of the results that would have occurred had we completed this acquisition as of January 1, 2016, or that would be attained in the future.

 

 

 

Three Months Ended September 30, 2017

 

 

Nine Months Ended September 30, 2017

 

 

 

Pro Forma

 

 

Pro Forma

 

Revenues

 

$

2,131.8

 

 

$

6,126.2

 

Net income (loss)

 

 

(154.8

)

 

 

(196.0

)

 

Summary of Adjusted Carrying Amounts of Assets and Liabilities Held for Sale

The adjusted carrying amounts of the assets and liabilities held for sale as of September 30, 2018 are as follows:

 

 

 

September 30, 2018

 

Current assets:

 

 

 

 

Trade receivables

 

$

8.8

 

Inventories

 

 

5.5

 

Property, plant and equipment, net of accumulated depreciation and estimated loss on sale

 

 

151.4

 

Total assets held for sale

 

$

165.7

 

 

 

 

 

 

Current liabilities:

 

 

 

 

Accounts payable and accrued liabilities

 

$

(1.7

)

Total liabilities held for sale

 

$

(1.7

)