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Reportable Segments (Notes)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
 
Our reportable business segments are:

•
Natural Gas Pipelines—the ownership and operation of (i) major interstate and intrastate natural gas pipeline and storage systems; (ii) natural gas gathering systems and natural gas processing and treating facilities; (iii) NGL fractionation facilities and transportation systems; and (iv) LNG liquefaction and storage facilities;

•
Products Pipelines—the ownership and operation of refined petroleum products, crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, propane, ethane, crude oil and condensate to various markets, plus the ownership and/or operation of associated product terminals and petroleum pipeline transmix facilities;

•
Terminals—the ownership and/or operation of (i) liquids and bulk terminal facilities located throughout the U.S. and portions of Canada (prior to the sale of KML in December 2019) that store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke; and (ii) Jones Act-qualified tankers;

•
CO2—(i) the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium to increase recovery and production of crude oil from mature oil fields; (ii) ownership interests in and/or operation of oil fields and gasoline processing plants in West Texas; and (iii) the ownership and operation of a crude oil pipeline system in West Texas; and

•
Kinder Morgan Canada (prior to August 31, 2018)—the ownership and operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada to marketing terminals and refineries in British Columbia, Canada and the state of Washington. As a result of the TMPL Sale, this segment does not have results of operations on a prospective basis.
 
We evaluate performance principally based on each segment’s EBDA, which excludes general and administrative expenses and corporate charges, interest expense, net, and income tax expense.  Our reportable segments are strategic business units that offer different products and services, and they are structured based on how our chief operating decision makers organize their operations for optimal performance and resource allocation.  Each segment is managed separately because each segment involves different products and marketing strategies.

We consider each period’s earnings before all non-cash DD&A expenses to be an important measure of business segment performance for our reporting segments.  We account for intersegment sales at market prices, while we account for asset transfers at book value.

For segment reporting purposes, effective January 1, 2019, certain assets were transferred among our business segments. As a result, individual segment results for the years ended December 31, 2018 and 2017 and balances as of December 31, 2018 have been reclassified to conform to the current presentation in the following tables. Revenues, Segment EBDA and Assets previously reported (before reclassifications) for the years ended December 31, 2018 and 2017 and as of December 31, 2018 are discussed further in the footnotes to the tables below.
 
During 2019, 2018 and 2017, we did not have revenues from any single external customer that exceeded 10% of our consolidated revenues.
 
Financial information by segment follows (in millions): 

 
Year Ended December 31,
 
2019
 
2018
 
2017
Revenues
 
 
 
 
 
Natural Gas Pipelines
 
 
 
 
 
Revenues from external customers
$
8,128

 
$
8,807

 
$
8,502

Intersegment revenues
42

 
48

 
22

Products Pipelines
1,831

 
1,887

 
1,744

Terminals
 
 
 
 
 

Revenues from external customers
2,031

 
2,025

 
1,972

Intersegment revenues
3

 
2

 
2

CO2
1,219

 
1,255

 
1,196

Kinder Morgan Canada
—

 
170

 
256

Corporate and intersegment eliminations(a)
(45
)
 
(50
)
 
11

Total consolidated revenues(b)
$
13,209

 
$
14,144

 
$
13,705

 
Year Ended December 31,
 
2019
 
2018
 
2017
Operating expenses(c)
 
 
 
 
 
Natural Gas Pipelines
$
4,213

 
$
5,218

 
$
5,371

Products Pipelines
684

 
748

 
564

Terminals
888

 
823

 
793

CO2
496

 
453

 
394

Kinder Morgan Canada
—

 
72

 
95

Corporate and intersegment eliminations
(1
)
 
(26
)
 
(2
)
Total consolidated operating expenses
$
6,280

 
$
7,288

 
$
7,215


 
Year Ended December 31,
 
2019
 
2018
 
2017
Other (income) expense(d)
 
 
 
 
 
Natural Gas Pipelines
$
(680
)
 
$
629

 
$
26

Products Pipelines
—

 
(2
)
 
—

Terminals
(342
)
 
54

 
(14
)
CO2
77

 
79

 
(1
)
Kinder Morgan Canada
2

 
(596
)
 
—

Corporate
(2
)
 
—

 
1

Total consolidated other (income) expense
$
(945
)
 
$
164

 
$
12


 
Year Ended December 31,
 
2019
 
2018
 
2017
DD&A
 
 
 
 
 
Natural Gas Pipelines
$
1,005

 
$
955

 
$
909

Products Pipelines
338

 
326

 
310

Terminals
494

 
489

 
480

CO2
548

 
473

 
493

Kinder Morgan Canada
—

 
29

 
46

Corporate
26

 
25

 
23

Total consolidated DD&A
$
2,411

 
$
2,297

 
$
2,261


 
Year Ended December 31,
 
2019
 
2018
 
2017
Earnings (loss) from equity investments and amortization of excess cost of equity investments, including loss on impairments of equity investments
 
 
 
 
 
Natural Gas Pipelines
$
(101
)
 
$
410

 
$
258

Products Pipelines
63

 
56

 
43

Terminals
23

 
22

 
24

CO2
33

 
34

 
42

Total consolidated equity earnings
$
18

 
$
522

 
$
367


 
Year Ended December 31,
 
2019
 
2018
 
2017
Other, net-income (expense)
 
 
 
 
 
Natural Gas Pipelines
$
53

 
$
39

 
$
44

Products Pipelines
6

 
2

 
4

Terminals
(5
)
 
3

 
8

Kinder Morgan Canada
—

 
26

 
25

Corporate
21

 
37

 
16

Total consolidated other, net-income (expense)
$
75

 
$
107

 
$
97


 
Year Ended December 31,
 
2019
 
2018
 
2017
Segment EBDA(e)
 
 
 
 
 
Natural Gas Pipelines
$
4,661

 
$
3,540

 
$
3,478

Products Pipelines
1,225

 
1,209

 
1,237

Terminals
1,506

 
1,175

 
1,227

CO2
681

 
759

 
847

Kinder Morgan Canada
(2
)
 
720

 
186

Total Segment EBDA(f)
8,071

 
7,403

 
6,975

DD&A
(2,411
)
 
(2,297
)
 
(2,261
)
Amortization of excess cost of equity investments
(83
)
 
(95
)
 
(61
)
General and administrative and corporate charges
(611
)
 
(588
)
 
(660
)
Interest, net
(1,801
)
 
(1,917
)
 
(1,832
)
Income tax expense
(926
)
 
(587
)
 
(1,938
)
Total consolidated net income
$
2,239

 
$
1,919

 
$
223


 
Year Ended December 31,
 
2019
 
2018
 
2017
Capital expenditures
 
 
 
 
 
Natural Gas Pipelines
$
1,377

 
$
1,565

 
$
1,349

Products Pipelines
175

 
199

 
149

Terminals
347

 
386

 
893

CO2
349

 
397

 
436

Kinder Morgan Canada
—

 
332

 
338

Corporate
22

 
25

 
23

Total consolidated capital expenditures
$
2,270

 
$
2,904

 
$
3,188


 
December 31,
 
2019
 
2018
Investments
 
 
 
Natural Gas Pipelines
$
6,991

 
$
6,709

Products Pipelines
491

 
488

Terminals
251

 
268

CO2
26

 
16

Total consolidated investments                                                                           
$
7,759

 
$
7,481


 
December 31,
 
2019
 
2018
Assets
 
 
 
Natural Gas Pipelines
$
50,310

 
$
50,261

Products Pipelines
9,468

 
9,598

Terminals
8,890

 
9,415

CO2
3,523

 
3,928

Corporate assets(g)
1,966

 
5,664

Total consolidated assets(h)                                                                           
$
74,157

 
$
78,866

_______
(a)
2017 amount includes a management fee of $35 million for services we perform as operator of an equity investee. 
(b)
Revenues previously reported (before reclassifications) for the year ended December 31, 2018 were $9,015 million, $1,713 million, $2,019 million and $(28) million and for the year ended December 31, 2017 were $8,618 million, $1,661 million, $1,966 million and $8 million for the Natural Gas Pipelines, Products Pipelines and Terminals business segments, and the Corporate and intersegment eliminations, respectively.
(c)
Includes costs of sales, operations and maintenance expenses, and taxes, other than income taxes.
(d)
Includes (gain) loss on divestitures and impairments, net and other income, net.
(e)
Includes revenues, earnings from equity investments, and other, net, less operating expenses, (gain) loss on divestitures and impairments, net and other income, net.
(f)
Segment EBDA previously reported (before reclassifications) for the year ended December 31, 2018 were $3,580 million, $1,173 million and $1,171 million and for the year ended December 31, 2017 were $3,487 million, $1,231 million and $1,224 million for the Natural Gas Pipelines, Products Pipelines and Terminals business segments, respectively.
(g)
Includes cash and cash equivalents, margin and restricted deposits, certain prepaid assets and deferred charges, including income tax related assets, risk management assets related to debt fair value adjustments, corporate headquarters in Houston, Texas and miscellaneous corporate assets (such as information technology, telecommunications equipment and legacy activity) not allocated to our reportable segments.
(h)
Assets previously reported as of December 31, 2018 were $51,562 million, $8,429 million and $9,283 million for the Natural Gas Pipelines, Products Pipelines and Terminals business segments, respectively. The reclassification included a transfer of $450 million of goodwill from the Natural Gas Pipelines Non-Regulated reporting unit to the Products Pipelines reporting unit.

We do not attribute interest and debt expense to any of our reportable business segments.  

Following is geographic information regarding the revenues and long-lived assets of our business (in millions):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Revenues from external customers
 
 
 
 
 
U.S.
$
12,833

 
$
13,596

 
$
13,073

Canada
300

 
447

 
503

Mexico and other foreign
76

 
101

 
129

Total consolidated revenues from external customers
$
13,209

 
$
14,144

 
$
13,705



 
December 31,
 
2019
 
2018
 
2017
Long-term assets, excluding goodwill and other intangibles
 
 
 
 
 
U.S.
$
46,709

 
$
47,468

 
$
47,928

Canada
1

 
748

 
3,071

Mexico and other foreign
82

 
83

 
80

Total consolidated long-lived assets
$
46,792

 
$
48,299

 
$
51,079