Other Income and Expenses

6 Months Ended

Jun. 30, 2016

Other Income and Expenses [Abstract]

Other income and expenses [Textblock]

Note 5 – Other Income and Expenses

The following table presents certain gains or losses reflected in Other (income) expense – netwithin Costs and expenses in our Consolidated Statement of Comprehensive Income (Loss):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(Millions)
Atlantic-Gulf
Amortization of regulatory assets associated with asset retirement obligations	$	9	$	9	$	17	$	17
NGL & Petchem Services
Net foreign currency exchange (gains) losses (1)	—		1		11		(4		)

(1) Primarily relates to losses incurred on foreign currency transactions and the remeasurement of U.S. dollar denominated current assets and liabilities within our Canadian operations.

ACMP Merger and Transition

Six months ended June 30, 2016

Selling, general, and administrative expensesincludes $5 millionfor the six months ended June 30, 2016, associated with the ACMP Merger and transition. These costs are primarily reflected within the Central segment.

Three and six months ended June 30, 2015

Selling, general, and administrative expenses includes $5 million and $34 million for the three and six months ended June 30, 2015, respectively, primarily related to professional advisory fees and employee transition costs associated with the ACMP Merger and transition. These costs are primarily reflected within the Central segment.

Operating and maintenance expenses includes $8 million and $12 million for the three and six months ended June 30, 2015, respectively, of transition costs from the ACMP Merger within the Central segment.

Interest incurred includes transaction-related financing costs of $2 million for the six months ended June 30, 2015, from the ACMP Merger.

Geismar Incident

On June 13, 2013, an explosion and fire occurred at our Geismar olefins plant. The incident rendered the facility temporarily inoperable (Geismar Incident). We received $126 million of insurance recoveries during the three and six months ended June 30, 2015, reported within the NGL & Petchem Services segment and reflected as gains in Net insurance recoveries - Geismar Incident.

Additional Items

Three and six months ended June 30, 2016

Service revenues have been reduced by $15 million for the six months ended June 30, 2016, related to potential refunds associated with a ruling received in certain rate case litigation within the Atlantic-Gulf segment.

Selling, general, and administrative expensesand Operating and maintenance expenses include $25 million for the six months ended June 30, 2016, in severance and other related costs associated with an approximate 10 percent reduction in workforce in the first quarter of 2016. Amounts by segment are as follows:

	Six Months Ended June 30, 2016
	(Millions)
Central	$	6
Northeast G&P	3
Atlantic-Gulf	8
West	4
NGL & Petchem Services	4

Other income (expense) – net below Operating income (loss) includes $12 million and $29 million for the three and six months ended June 30, 2016, respectively, for allowance for equity funds used during construction, within the Atlantic-Gulf segment.

Three and six months ended June 30, 2015

Other income (expense) – net below Operating income (loss) includes $19 million and $36 million for the three and six months ended June 30, 2015, respectively, for allowance for equity funds used during construction, within the Atlantic-Gulf segment. Other income (expense) – net below Operating income (loss) also includes a $14 million gain for the three and six months ended June 30, 2015, resulting from the early retirement of certain debt.