Discontinued Operations (Notes)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure

(16) Discontinued Operations

The Predecessor’s historical assets comprised all of Devon’s U.S. midstream assets and operations. However, only its assets serving the Barnett, Cana-Woodford and Arkoma-Woodford Shales, as well as contractual rights to the benefits and burdens associated with Devon's 38.75% interest in GCF, were contributed to Midstream Holdings in connection with the business combination on March 7, 2014. Therefore, the Predecessor's non-contributed historical assets and liabilities are presented as held for sale as of December 31, 2013. All operations activity related to the non-contributed assets prior to March 7, 2014 are classified as discontinued operations.

The following schedule summarizes net income from discontinued operations (in millions):

	Three Months Ended  September 30,			Nine Months Ended  September 30,
	2013			2014		2013
Operating revenues:
Operating revenues	$	10.9		$	6.8	$	33.5
Operating revenues - affiliates	20.8			10.5		68.1
Total operating revenues	31.7			17.3		101.6
Operating expenses:
Operating expenses	37.9			15.7		91.7
Total operating expenses	37.9			15.7		91.7
Income (loss) before income taxes	(6.2		)	1.6		9.9
Income tax expense (benefit)	(2.2		)	0.6		3.6
Net income (loss)	(4.0		)	1.0		6.3
Net income attributable to non-controlling interest	(0.3		)	—		(1.4		)
Net income (loss) including non-controlling interest	$	(4.3	)	$	1.0	$	4.9

The following table presents the main classes of assets and liabilities associated with the Partnership's discontinued operations at December 31, 2013. There were no assets and liabilities associated with discontinued operations at September 30, 2014:

	December 31, 2013
	(in millions)
Inventories	$	0.2
Other current assets	0.2
Total current assets	0.4
Property, plant & equipment	72.3
Total assets	$	72.7
Accounts payable	$	3.2
Other current liabilities	1.1
Total current liabilities	4.3
Asset retirement obligations	7.1
Deferred income taxes	25.3
Other long-term liabilities	0.3
Total liabilities	$	37.0