Income Taxes Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Components of Income Tax Expense (Benefit)

The Company provides for income taxes using the liability method. Accordingly, deferred taxes are recorded for the differences between the tax and book basis that will reverse in future periods (in millions).



	Three Months Ended September 30, 2014		Nine Months Ended September 30, 2014

Predecessor tax provision	$	—	$	19.4
ENLC tax provision	17.3		40.1
Tax provision	$	17.3	$	59.5

Schedule of Deferred Tax Assets and Liabilities

The principal component of the Company's net deferred tax liability is as follows (in millions):



	September 30, 2014
Deferred income tax assets:
Inventory	$	0.2
Accrued expenses	0.3
Asset retirement obligations	2.2
Net operating loss carryforward-non current	23.9
Total deferred tax assets	26.6
Deferred income tax liabilities:
Property, plant, equipment, and intangibles assets-long term	(515.1		)
Other assets	(8.1		)
Total deferred tax liabilities	(523.2		)
Net deferred tax liability	$	(496.6	)