Note 5 – Investing Activities

Investing Income

The three and nine months ended September 30, 2016, includes a $27 million gain from the sale of an equity-method investment interest in a gathering system that was part of our Appalachia Midstream Investments within the Northeast G&P segment.

During the third quarter of 2015, we recognized a loss of $16 million within Equity earnings (losses) in the Consolidated Statement of Comprehensive Income (Loss) associated with our share of underlying property impairments at certain of the Appalachia Midstream Investments. This item is reported within the Northeast G&P segment.

Impairments

The nine months ended September 30, 2016, includes other-than-temporary impairment charges of $59 million and $50 million related to certain equity-method investments in DBJV and Laurel Mountain, respectively (see Note 10 – Fair Value Measurements and Guarantees) within the Central and Northeast G&P segments, respectively.

During the third quarter of 2015, we recognized other-than-temporary impairment charges of $458 million and $3 million related to our equity-method investments in DBJV and certain of the Appalachia Midstream Investments, respectively (see Note 10 – Fair Value Measurements and Guarantees.) These items are reported within the Central and Northeast G&P segments, respectively.

Investments

On September 24, 2015, we received a special distribution of $396 million from Gulfstream reflecting our proportional share of the proceeds from new debt issued by Gulfstream. The new debt was issued to refinance Gulfstream’s debt maturities. Subsequently, we contributed $248 million and $148 million to Gulfstream for our proportional share of amounts necessary to fund debt maturities of $500 million due on November 1, 2015 and $300 million due on June 1, 2016, respectively.

Summarized Results of Operations for Certain Equity-Method Investments

The table below presents aggregated selected income statement data for our investments in Discovery, Gulfstream, and Appalachia Midstream Investments, which are considered significant.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(Millions)
Gross revenue	$	226	$	241	$	648	$	658
Operating income	132		131		376		334
Net income	117		113		321		281