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Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
(16) Segment Information

Identification of the majority of our operating segments is based principally upon geographic regions served. Our reportable segments consist of the following: natural gas gathering, processing, transmission and fractionation operations located in north Texas and the Permian Basin in west Texas (“Texas”), the pipelines and processing plants located in Louisiana and NGL assets located in south Louisiana (“Louisiana”), natural gas gathering and processing operations located throughout Oklahoma (“Oklahoma”) and crude rail, truck, pipeline and barge facilities in west Texas, south Texas, Louisiana and the Ohio River Valley (“Crude and Condensate”). Operating activity for intersegment eliminations is shown in the Corporate segment. Our sales are derived from external domestic customers. We evaluate the performance of our operating segments based on operating revenues and segment profits.

Corporate assets consist primarily of cash, property and equipment, including software, for general corporate support, debt financing costs and unconsolidated affiliate investments in GCF and the Cedar Cove JV. As of December 31, 2016, our Corporate assets included our unconsolidated affiliate investment in HEP. In December 2016, we entered into an agreement to sell our ownership interest in HEP, and we finalized the sale during the first quarter of 2017.

Summarized financial information for our reportable segments is shown in the following table (in millions):
 
Texas
 
Louisiana
 
Oklahoma
 
Crude and Condensate
 
Corporate
 
Totals
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Product sales
$
85.1

 
$
544.5

 
$
14.5

 
$
345.9

 
$
—

 
$
990.0

Product sales—related parties
106.5

 
10.2

 
64.4

 
0.8

 
(139.2
)
 
42.7

Midstream services
27.8

 
53.1

 
27.9

 
18.6

 
—

 
127.4

Midstream services—related parties
105.1

 
29.0

 
49.4

 
3.3

 
(27.8
)
 
159.0

Cost of sales
(179.2
)
 
(564.7
)
 
(88.7
)
 
(336.7
)
 
167.0

 
(1,002.3
)
Operating expenses
(43.9
)
 
(25.4
)
 
(14.1
)
 
(20.7
)
 
—

 
(104.1
)
Gain on derivative activity
—

 
—

 
—

 
—

 
2.8

 
2.8

Segment profit
$
101.4

 
$
46.7

 
$
53.4

 
$
11.2

 
$
2.8

 
$
215.5

Depreciation and amortization
$
(49.8
)
 
$
(28.1
)
 
$
(36.5
)
 
$
(11.5
)
 
$
(2.4
)
 
$
(128.3
)
Goodwill
$
232.0

 
$
—

 
$
190.3

 
$
—

 
$
1,119.9

 
$
1,542.2

Capital expenditures
$
28.3

 
$
32.7

 
$
140.7

 
$
37.4

 
$
9.0

 
$
248.1

 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Product sales
$
62.5

 
$
287.7

 
$
7.8

 
$
230.5

 
$
—

 
$
588.5

Product sales—related parties
37.3

 
7.4

 
10.6

 
0.2

 
(31.0
)
 
24.5

Midstream services
27.4

 
55.2

 
15.1

 
16.8

 
—

 
114.5

Midstream services—related parties
110.3

 
12.7

 
45.0

 
5.2

 
(10.6
)
 
162.6

Cost of sales
(91.3
)
 
(302.1
)
 
(19.3
)
 
(215.1
)
 
41.6

 
(586.2
)
Operating expenses
(39.3
)
 
(23.3
)
 
(12.8
)
 
(22.8
)
 
—

 
(98.2
)
Loss on derivative activity
—

 
—

 
—

 
—

 
(0.4
)
 
(0.4
)
Segment profit (loss)
$
106.9

 
$
37.6

 
$
46.4

 
$
14.8

 
$
(0.4
)
 
$
205.3

Depreciation and amortization
$
(46.2
)
 
$
(29.3
)
 
$
(33.8
)
 
$
(10.4
)
 
$
(2.2
)
 
$
(121.9
)
Impairments
$
(473.1
)
 
$
—

 
$
—

 
$
(93.2
)
 
$
(307.0
)
 
$
(873.3
)
Goodwill
$
230.4

 
$
—

 
$
190.3

 
$
—

 
$
1,119.9

 
$
1,540.6

Capital expenditures
$
23.3

 
$
22.7

 
$
69.2

 
$
3.3

 
$
1.9

 
$
120.4


The table below represents information about segment assets as of March 31, 2017 and December 31, 2016 (in millions):
Segment Identifiable Assets:
March 31, 2017
 
December 31, 2016
Texas
$
3,132.6

 
$
3,142.6

Louisiana
2,312.7

 
2,349.3

Oklahoma
2,629.8

 
2,524.5

Crude and Condensate
861.9

 
836.8

Corporate
1,240.5

 
1,422.7

Total identifiable assets
$
10,177.5

 
$
10,275.9



The following table reconciles the segment profits reported above to the operating income (loss) as reported in the consolidated statements of operations (in millions):
 
Three Months Ended March 31,
 
2017
 
2016
Segment profits
$
215.5

 
$
205.3

General and administrative expenses
(36.1
)
 
(35.1
)
Gain (loss) on disposition of assets
(5.1
)
 
0.2

Depreciation and amortization
(128.3
)
 
(121.9
)
Impairments
(7.0
)
 
(873.3
)
Gain on litigation settlement
17.5

 
$
—

Operating income (loss)
$
56.5

 
$
(824.8
)