Operating Segments (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of segment reporting information, by segment

SEGMENT INFORMATION (in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Revenues
Gathering and Processing:
NGL sales	$	81		$	27		$	164		$	54
Gas gathering and processing	87			63			167			131
Crude oil and water gathering	34			32			73			67
Pass-thru and other	31			28			74			60
Total Gathering and Processing	233			150			478			312
Terminalling and Transportation:
Terminalling	147			112			292			220
Pipeline transportation	33			31			63			61
Total Terminalling and Transportation	180			143			355			281
Total Segment Revenues	$	413		$	293		$	833		$	593
Segment Operating Income
Gathering and Processing	$	51		$	55		$	113		$	119
Terminalling and Transportation	121			68			219			131
Total Segment Operating Income	172			123			332			250
Unallocated general and administrative expenses	(6		)	(5		)	(16		)	(13		)
Interest and financing costs, net	(59		)	(45		)	(119		)	(89		)
Equity in earnings of equity method investments	3			3			5			7
Other income, net	—			—			—			6
Net Earnings	$	110		$	76		$	202		$	161
Capital Expenditures
Gathering and Processing	$	21		$	29		$	39		$	59
Terminalling and Transportation	24			31			51			61
Total Capital Expenditures	$	45		$	60		$	90		$	120

TOTAL IDENTIFIABLE ASSETS BY OPERATING SEGMENT (in millions)

	June 30, 2017		December 31, 2016
Identifiable Assets
Gathering and Processing	$	4,035	$	3,392
Terminalling and Transportation	1,778		1,768
Other (a)	26		700
Total Identifiable Assets	$	5,839	$	5,860

(a) Other consists mainly of $688 million in cash and cash equivalents as of December 31, 2016, of which $673 million was used to fund the acquisition of the North Dakota Gathering and Processing Assets on January 1, 2017, increasing the Gathering and Processing segment’s identifiable assets as of June 30, 2017.