Segment Disclosures

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Disclosures [Text Block]

Note 18 – Segment Disclosures

Our reportable segments are Access Midstream, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. (See Note 1 – General, Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies.)

Performance Measurement

Prior to the first quarter of 2015, we evaluated segment operating performance based upon Segment profit (loss) from operations. Beginning in the first quarter of 2015, we evaluate segment operating performance based upon Modified EBITDA (earnings before interest, taxes, depreciation, and amortization). This measure represents the basis of our internal financial reporting and is the primary performance measure used by our chief operating decision maker in measuring performance and allocating resources among our reportable segments. Prior period segment disclosures have been recast to reflect this change. Intersegment revenues primarily represent the sale of NGLs from our natural gas processing plants to our marketing business.

We define Modified EBITDA as follows:

• Net income (loss) before:

◦ Provision (benefit) for income taxes;

◦ Interest incurred, net of interest capitalized;

◦ Equity earnings (losses);

◦ Impairment of equity-method investments;

◦ Other investing income (loss) – net;

◦ Impairment of goodwill;

◦ Depreciation and amortization expenses;

◦ Accretion expense associated with asset retirement obligations for nonregulated operations.

• This measure is further adjusted to include our proportionate share (based on ownership interest) of Modified EBITDA from our equity-method investments calculated consistently with the definition described above.

The following geographic area data includes Revenues from external customers based on product shipment origin and Long-lived assets based upon physical location.

		United States		Canada		Total
		(Millions)
Revenues from external customers:
	2015	$	7,228	$	103	$	7,331
	2014	7,212		197		7,409
	2013	6,685		150		6,835
Long-lived assets:
	2015	$	37,586	$	1,030	$	38,616
	2014	37,798		1,095		38,893
	2013	18,776		1,137		19,913

Long-lived assets are comprised of property, plant, and equipment, goodwill, and other intangible assets.

The following table reflects the reconciliation of Segment revenues to Totalrevenues as reported in the Consolidated Statement of Comprehensive Income (Loss) and Other financial information.

	Access Midstream		Northeast G&P		Atlantic- Gulf		West		NGL & Petchem Services		Eliminations			Total
	(Millions)
2015
Segment revenues:
Service revenues
External	$	1,523	$	541	$	1,877	$	1,055	$	139	$	—		$	5,135
Internal	—		7		4		—		—		(11		)	—
Total service revenues	1,523		548		1,881		1,055		139		(11		)	5,135
Product sales
External	—		109		287		36		1,764		—			2,196
Internal	—		18		176		221		157		(572		)	—
Total product sales	—		127		463		257		1,921		(572		)	2,196
Total revenues	$	1,523	$	675	$	2,344	$	1,312	$	2,060	$	(583	)	$	7,331
Other financial information:
Proportional Modified EBITDA of equity-method investments	$	338	$	62	$	257	$	—	$	42				$	699
2014
Segment revenues:
Service revenues
External	$	765	$	450	$	1,497	$	1,050	$	126	$	—		$	3,888
Internal	—		1		4		—		—		(5		)	—
Total service revenues	765		451		1,501		1,050		126		(5		)	3,888
Product sales
External	—		225		499		70		2,727		—			3,521
Internal	—		5		354		476		259		(1,094		)	—
Total product sales	—		230		853		546		2,986		(1,094		)	3,521
Total revenues	$	765	$	681	$	2,354	$	1,596	$	3,112	$	(1,099	)	$	7,409
Other financial information:
Proportional Modified EBITDA of equity-method investments	$	178	$	52	$	151	$	—	$	50				$	431
2013
Segment revenues:
Service revenues
External	$	—	$	335	$	1,414	$	1,053	$	112	$	—		$	2,914
Internal	—		—		10		1		—		(11		)	—
Total service revenues	—		335		1,424		1,054		112		(11		)	2,914
Product sales
External	—		166		830		64		2,861		—			3,921
Internal	—		—		95		708		294		(1,097		)	—
Total product sales	—		166		925		772		3,155		(1,097		)	3,921
Total revenues	$	—	$	501	$	2,349	$	1,826	$	3,267	$	(1,108	)	$	6,835
Other financial information:
Proportional Modified EBITDA of equity-method investments	$	—	$	15	$	144	$	—	$	50				$	209

The following table reflects the reconciliation of Modified EBITDA to Net income (loss) as reported in the Consolidated Statement of Comprehensive Income (Loss),

	Years Ended December 31,
	2015			2014			2013
	(Millions)
Modified EBITDA by segment:
Access Midstream	$	1,279		$	642		$	—
Northeast G&P	314			395			114
Atlantic-Gulf	1,523			1,065			1,013
West	557			823			924
NGL & Petchem Services	321			324			395
Other	9			(5		)	1
	4,003			3,244			2,447
Accretion expense associated with asset retirement obligations for nonregulated operations	(28		)	(17		)	(14		)
Depreciation and amortization expenses	(1,702		)	(1,151		)	(791		)
Impairment of goodwill	(1,098		)	—			—
Equity earnings (losses)	335			228			104
Impairment of equity-method investments	(1,359		)	—			—
Other investing income (loss) – net	2			2			(1		)
Proportional Modified EBITDA of equity-method investments	(699		)	(431		)	(209		)
Interest expense	(811		)	(562		)	(387		)
(Provision) benefit for income taxes	(1		)	(29		)	(30		)
Net income (loss)	$	(1,358	)	$	1,284		$	1,119

The following table reflects Total assets, Investments, and Additions to long-lived assets by reportable segments:

	Total Assets at December 31,						Investments at December 31,				Additions to Long-Lived Assets at December 31,
	2015			2014			2015		2014		2015		2014		2013
	(Millions)
Access Midstream (1)	$	21,050		$	22,470		$	5,039	$	6,004	$	556	$	16,964	$	—
Northeast G&P	6,669			7,314			834		891		367		1,079		1,376
Atlantic-Gulf	12,171			11,114			959		985		1,573		1,593		1,072
West	5,035			5,174			—		—		225		168		210
NGL & Petchem Services	3,306			3,510			504		519		236		601		746
Other corporate assets	350			501			—		—		3		8		5
Eliminations (2)	(711		)	(835		)	—		—		—		—		—
Total	$	47,870		$	49,248		$	7,336	$	8,399	$	2,960	$	20,413	$	3,409

(1) 2014 Additions to long-lived assets within our Access Midstream segment primarily includes the acquisition-date fair value of long-lived assets from the ACMP Acquisition (Note 2 – Acquisitions).

(2) Eliminations primarily relate to the intercompany accounts receivable generated by our cash management program.