Operating Segments (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Revenues
Terminalling and Transportation:
Terminalling	$	155		$	125		$	447		$	345
Pipeline transportation	34			32			97			93
Total Terminalling and Transportation	189			157			544			438
Gathering and Processing:
NGL sales	90			24			254			78
Gas gathering and processing	85			67			252			198
Crude oil and water gathering	43			33			116			100
Pass-thru and other	37			27			111			87
Total Gathering and Processing	255			151			733			463
Total Segment Revenues	$	444		$	308		$	1,277		$	901
Segment Operating Income
Terminalling and Transportation	$	110		$	80		$	329		$	211
Gathering and Processing	47			54			160			173
Total Segment Operating Income	157			134			489			384
Unallocated general and administrative expenses	(6		)	(7		)	(22		)	(20		)
Interest and financing costs, net	(59		)	(49		)	(178		)	(138		)
Equity in earnings of equity method investments	2			3			7			10
Other income, net	3			—			3			6
Net Earnings	$	97		$	81		$	299		$	242
Capital Expenditures
Terminalling and Transportation	$	26		$	38		$	77		$	99
Gathering and Processing	25			23			64			82
Total Capital Expenditures	$	51		$	61		$	141		$	181

TOTAL IDENTIFIABLE ASSETS BY OPERATING SEGMENT (in millions)

	September 30, 2017		December 31, 2016
Identifiable Assets
Terminalling and Transportation	$	1,795	$	1,768
Gathering and Processing	4,048		3,392
Other (a)	21		700
Total Identifiable Assets	$	5,864	$	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 September 30, 2017.