DISPOSITIONS, ASSET IMPAIRMENT AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the major classes of assets and liabilities for discontinued operations of our Midcoast gas gathering and processing business as presented in the consolidated statements of financial position:

	December 31, 2016
Current assets related to discontinued operations:
Cash and cash equivalents	$	7.4
Restricted cash	11.0
Receivables, trade and other, net of allowance for doubtful accounts	8.5
Due from General Partner and affiliates	2.1
Accrued receivables	20.8
Inventory	28.1
Other current assets	60.7
	$	138.6
Non-current assets related to discontinued operations:
Property, plant and equipment, net	$	4,114.5
Equity investment in joint venture	360.7
Intangible assets, net	251.8
Other assets, net	48.3
	$	4,775.3

	December 31, 2016
Current liabilities related to discontinued operations:
Accounts payable and other	$	66.9
Due to General Partner and affiliates	38.8
Environmental liabilities	0.1
Accrued purchases	171.8
Property and other taxes payable	17.2
Interest payable	5.0
	$	299.8
Non-current liabilities related to discontinued operations:
Long-term debt	$	818.5
Other long-term liabilities	25.8
	$	844.3

The following table presents the operating results from discontinued operations of our Midcoast gas gathering and processing business, which have been segregated from our continuing operations in our consolidated statements of income:

	Three months ended September 30,					Nine months ended September 30,
	2017		2016			2017			2016
Operating revenues:
Commodity sales	$	—	$	440.7		$	1,085.0		$	1,197.9
Commodity sales – affiliate	—		1.3			9.4			7.9
Transportation and other services	—		44.0			66.7			139.7
	—		486.0			1,161.1			1,345.5
Operating expenses:
Commodity costs	—		396.1			968.2			1,082.0
Commodity costs – affiliate	—		7.9			42.1			29.1
Operating and administrative	—		36.6			64.7			111.4
Operating and administrative – affiliate	—		35.8			68.7			112.6
Depreciation and amortization	—		39.2			74.5			118.7
Asset impairment	—		—			—			10.6
	—		515.6			1,218.2			1,464.4
Operating loss	—		(29.6		)	(57.1		)	(118.9		)
Interest expense, net	—		(9.0		)	(17.4		)	(25.5		)
Other income	—		8.1			18.6			22.0
Loss before income taxes	—		(30.5		)	(55.9		)	(122.4		)
Income tax expense	—		(0.6		)	(0.9		)	(2.0		)
Net loss from discontinued operations	$	—	$	(31.1	)	$	(56.8	)	$	(124.4	)