DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2015

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value


	September 30, 2015			December 31, 2014
	(in millions)
Other current assets	$	137.8		$	185.5
Other assets, net		55.6			93.3
Accounts payable and other⁽¹⁾		(377.6	)		(315.4	)
Other long-term liabilities		(189.8	)		(124.6	)
Due from general partner and affiliates		—			0.3
	$	(374.0	)	$	(160.9	)

(1)

Includes $16.2 million and $28.4 million held of cash collateral at September 30, 2015 and December 31, 2014, respectively.

Schedule of Derivative Balances by Counter Party Credit Quality


	September 30, 2015			December 31, 2014
	(in millions)
Counterparty Credit Quality⁽¹⁾
AAA	$	0.2		$	0.1
AA⁽²⁾		(106.2	)		(49.8	)
A		(128.3	)		(129.1	)
Lower than A		(139.7	)		17.9
	$	(374.0	)	$	(160.9	)

(1)

As determined by nationally-recognized statistical ratings organizations.

(2)

Includes $16.2 million and $28.4 million held of cash collateral at September 30, 2015 and December 31, 2014, respectively.

Schedule of Credit Concentrations in Industry Sectors


	September 30, 2015			December 31, 2014
	(in millions)
United States financial institutions and investment banking entities⁽¹⁾	$	(251.1	)	$	(147.1	)
Non-United States financial institutions		(149.9	)		(54.2	)
Other		27.0			40.4
	$	(374.0	)	$	(160.9	)

(1)

Includes $16.2 million and $28.4 million held of cash collateral at September 30, 2015 and December 31, 2014, respectively.

Effect of Derivative Instruments on the Consolidated Statements of Financial Position

		Asset Derivatives				Liability Derivatives
		Fair Value at				Fair Value at
	Financial Position	September 30,		December 31,		September 30,			December 31,
	Location	2015		2014		2015			2014
		(in millions)
Derivatives designated as hedging instruments: ⁽¹⁾
Interest rate contracts	Accounts payable and other	$	—	$	—	$	(319.4	)	$	(241.0	)
Interest rate contracts	Other long-term liabilities		—		—		(168.0	)		(102.0	)
Commodity contracts	Other current assets		7.4		26.1		—			—
Commodity contracts	Other assets		—		2.1		—			—
			7.4		28.2		(487.4	)		(343.0	)
Derivatives not designated as hedging instruments:
Commodity contracts	Other current assets		130.4		159.4		—			—
Commodity contracts	Other assets		55.6		91.2		—			—
Commodity contracts	Accounts payable and other⁽²⁾		—		—		(42.0	)		(46.0	)
Commodity contracts	Other long-term liabilities		—		—		(21.8	)		(22.6	)
Commodity contracts	Due from general partner and affiliates		—		0.3		—			—
			186.0		250.9		(63.8	)		(68.6	)
Total derivative instruments		$	193.4	$	279.1	$	(551.2	)	$	(411.6	)

⁽¹⁾	Includes items currently designated as hedging instruments. Excludes the portion of de-designated hedges which may have a component remaining in AOCI.
⁽²⁾	Liability derivatives exclude $16.2 million and $28.4 million held of cash collateral at September 30, 2015 and December 31, 2014, respectively.

Effect of Derivative Instruments on the Consolidated Statements of Income and Accumulated Other Comprehensive Income

									Amount of Gain
									(Loss) Recognized in
								Location of Gain	Earnings on
								(Loss) Recognized in	Derivative
								Earnings on Derivative	(Ineffective Portion
	Amount of Gain			Location of Gain (Loss)	Amount of Gain (Loss)			(Ineffective Portion	and Amount
Derivatives in Cash	(Loss) Recognized in			Reclassified from	Reclassified from			and Amount	Excluded from
Flow Hedging	AOCI on Derivative			AOCI to Earnings	AOCI to Earnings			Excluded from	Effectiveness
Relationships	(Effective Portion)			(Effective Portion)	(Effective Portion)			Effectiveness Testing)⁽¹⁾	Testing)⁽¹⁾
(in millions)
For the three months ended September 30, 2015
Interest rate contracts	$	(127.0	)	Interest expense	$	(3.7	)	Interest expense	$	(7.8	)
Commodity contracts		(5.5	)	Commodity Costs		8.6		Commodity Costs		(0.1	)
Total	$	(132.5	)		$	4.9			$	(7.9	)
For the three months ended September 30, 2014
Interest rate contracts	$	44.1		Interest expense	$	(4.0	)	Interest expense	$	(62.2	)
Commodity contracts		11.2		Commodity Costs		(2.1	)	Commodity Costs		0.9
Total	$	55.3			$	(6.1	)		$	(61.3	)
For the nine months ended September 30, 2015
Interest rate contracts	$	(169.0	)	Interest expense	$	(12.0	)	Interest expense	$	24.6
Commodity contracts		(16.8	)	Commodity Costs		24.1		Commodity Costs		(4.1	)
Total	$	(185.8	)		$	12.1			$	20.5
For the nine months ended September 30, 2014
Interest rate contracts	$	(93.0	)	Interest expense	$	(12.1	)	Interest expense	$	(73.2	)
Commodity contracts		7.9		Commodity Costs		(12.4	)	Commodity Costs		1.5
Total	$	(85.1	)		$	(24.5	)		$	(71.7	)

⁽¹⁾	Includes only the ineffective portion of derivatives that are designated as hedging instruments and does not include net gains or losses associated with derivatives that do not qualify for hedge accounting treatment.

Components of Accumulated Other Comprehensive Income/(Loss)

	Cash Flow Hedges
	2015			2014
	(in millions)
Balance at January 1	$	(211.4	)	$	(76.6	)
Other comprehensive loss before reclassifications⁽¹⁾		(170.9	)		(104.6	)
Amounts reclassified from AOCI^{(2) (3)}		(6.4	)		22.2
Net other comprehensive loss	$	(177.3	)	$	(82.4	)
Balance at September 30	$	(388.7	)	$	(159.0	)

⁽¹⁾	Excludes NCI gain of $1.8 million and NCI loss of $0.5 million reclassified from AOCI at September 30, 2015 and 2014, respectively.
⁽²⁾	Excludes NCI loss of $5.7 million and NCI gain of $2.3 million reclassified from AOCI at September 30, 2015 and 2014, respectively.
⁽³⁾	For additional details on the amounts reclassified from AOCI, reference the Reclassifications from Accumulated Other Comprehensive Income table below.

Reclassifications from Accumulated Other Comprehensive Income

	For the three months ended September 30,					For the nine months ended September 30,
	2015			2014		2015			2014
	(in millions)
Losses (gains) on cash flow hedges:
Interest Rate Contracts⁽¹⁾⁽²⁾	$	3.6		$	4.0	$	11.9		$	12.1
Commodity Contracts^(3)(4)(5)		(6.5	)		1.6		(18.3	)		10.1
Total Reclassifications from AOCI	$	(2.9	)	$	5.6	$	(6.4	)	$	22.2

⁽¹⁾	Loss reported within “Interest expense, net” in the consolidated statements of income.
⁽²⁾	Excludes NCI gain of $0.1 million reclassified from AOCI for the three and nine months ending September 30, 2015.
⁽³⁾	Loss (gain) reported within “Commodity costs” in the consolidated statements of income.
⁽⁴⁾	Excludes NCI gain of $2.1 million and $0.5 million reclassified from AOCI for the three months ending September 30, 2015 and 2014, respectively.
(5)	Excludes NCI loss of $5.8 million and gain of $2.3 million reclassified from AOCI for the nine months ending September 30, 2015 and 2014, respectively.

Effect of Derivative Instruments on Consolidated Statements of Income

		For the three months					For the nine months
		ended September 30,					ended September 30,
		2015			2014		2015			2014
Derivatives Not Designated	Location of Gain or (Loss)	Amount of Gain or (Loss)					Amount of Gain or (Loss)
as Hedging Instruments	Recognized in Earnings	Recognized in Earnings⁽¹⁾⁽²⁾					Recognized in Earnings⁽¹⁾⁽²⁾
		(in millions)

Commodity contracts	Transportation and other services⁽³⁾	$	8.1		$	7.0	$	8.1		$	(0.6	)
Commodity contracts	Commodity sales		(7.2	)		7.6		(22.4	)		10.7
Commodity contracts	Commodity sales - affiliate		—			—		(0.3	)		0.5
Commodity contracts	Commodity costs⁽⁴⁾		40.8			9.5		44.3			(9.9	)
Commodity contracts	Power		—			—		—			0.5
Total		$	41.7		$	24.1	$	29.7		$	1.2

⁽¹⁾	Does not include settlements associated with derivative instruments that settle through physical delivery.
⁽²⁾	Includes only net gains or losses associated with those derivatives that do not qualify for hedge accounting treatment and does not include the ineffective portion of derivatives that are designated as hedging instruments.
⁽³⁾	Includes settlement gains of $7.0 million and $0.6 million for the three months ended September 30, 2015 and 2014, respectively, and settlement gains of $19.2 million and $0.9 million for the nine months ended September 30, 2015 and 2014, respectively.
⁽⁴⁾	Includes settlement gains of $27.3 million and $0.2 million for the three months ended September 30, 2015 and 2014, respectively, and settlement gains (losses) of $71.0 million and $(8.6) million for the nine months ended September 30, 2015 and 2014, respectively.

Offsetting of Financial Assets and Derivative Assets


	As of September 30, 2015

	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Financial Position		Net Amount of Assets Presented in the Statement of Financial Position		Gross Amount Not Offset in the Statement of Financial Position⁽¹⁾			Net Amount
	(in millions)
Description:
Derivatives	$	193.4	$	—	$	193.4	$	(59.9	)	$	133.5


	As of December 31, 2014

	Gross Amount of Recognized Assets		Gross Amount Offset in the Statement of Financial Position		Net Amount of Assets Presented in the Statement of Financial Position		Gross Amount Not Offset in the Statement of Financial Position⁽¹⁾			Net Amount
	(in millions)
Description:
Derivatives	$	279.1	$	—	$	279.1	$	(91.8	)	$	187.3

(1)

Includes $16.2 million and $28.4 million of cash collateral held at September 30, 2015 and December 31, 2014, respectively.

Offsetting of Financial Liabilities and Derivative Liabilities


	As of September 30, 2015

	Gross Amount of Recognized Liabilities⁽¹⁾			Gross Amount Offset in the Statement of Financial Position		Net Amount of Liabilities Presented in the Statement of Financial Position			Gross Amount Not Offset in the Statement of Financial Position⁽¹⁾		Net Amount
	(in millions)
Description:
Derivatives	$	(567.4	)	$	—	$	(567.4	)	$	59.9	$	(507.5	)


	As of December 31, 2014

	Gross Amount of Recognized Liabilities⁽¹⁾			Gross Amount Offset in the Statement of Financial Position		Net Amount of Liabilities Presented in the Statement of Financial Position			Gross Amount Not Offset in the Statement of Financial Position⁽¹⁾		Net Amount
	(in millions)
Description:
Derivatives	$	(440.0	)	$	—	$	(440.0	)	$	91.8	$	(348.2	)

(1)

Includes $16.2 million and $28.4 million of cash collateral at September 30, 2015 and December 31, 2014, respectively.

Table Setting Forth By Level Within The Fair Value Hierarchy Financial Assets And Liabilities

	September 30, 2015										December 31, 2014
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
	(in millions)
Interest rate contracts	$	—	$	(487.4	)	$	—	$	(487.4	)	$	—	$	(343.0	)	$	—	$	(343.0	)
Commodity contracts:
Financial		—		17.6			14.3		31.9			—		41.6			42.7		84.3
Physical		—		—			4.6		4.6			—		—			19.5		19.5
Commodity options		—		—			93.1		93.1			—		—			106.7		106.7
		—		(469.8	)		112.0		(357.8	)		—		(301.4	)		168.9		(132.5	)
Cash collateral									(16.2	)									(28.4	)
Total								$	(374.0	)								$	(160.9	)

Schedule of Quantitative Information on Level 3 Fair Value Measurements

	Fair Value at					Range ⁽¹⁾
	September 30,			Valuation	Unobservable							Weighted
Contract Type	2015 ⁽²⁾			Technique	Input	Lowest			Highest			Average			Units
	(in millions)
Commodity Contracts - Financial
Natural Gas	$	0.3		Market Approach	Forward Gas Price		2.41			3.16			2.84		MMBtu
NGLs	$	14.0		Market Approach	Forward NGL Price		0.20			0.99			0.51		Gal
Commodity Contracts - Physical
Natural Gas	$	(3.9	)	Market Approach	Forward Gas Price		2.33			3.53			2.61		MMBtu
Crude Oil	$	(0.4	)	Market Approach	Forward Crude Price		31.17			47.93			44.35		Bbl
NGLs	$	8.9		Market Approach	Forward NGL Price		0.20			1.39			0.43		Gal
Commodity Options
Natural Gas, Crude and NGLs	$	93.1		Option Model	Option Volatility		10	%		62	%		35	%
Total Fair Value	$	112.0

⁽¹⁾	Prices are in dollars per Millions of British Thermal Units, or MMBtu, for natural gas; dollars per Gallon, or Gal, for NGLs; and dollars per barrel, or Bbl, for crude oil.
⁽²⁾	Fair values include credit valuation adjustment losses of approximately $0.3 million.

	Fair Value at					Range⁽¹⁾
	December 31,			Valuation	Unobservable							Weighted
Contract Type	2014⁽²⁾			Technique	Input	Lowest			Highest			Average			Units
	(in millions)
*Commodity Contracts - Financial*
Natural Gas	$	0.6		Market Approach	Forward Gas Price		2.55			3.72			3.04		MMBtu
NGLs	$	42.1		Market Approach	Forward NGL Price		0.48			1.14			0.64		Gal
*Commodity Contracts - Physical*
Natural Gas	$	1.5		Market Approach	Forward Gas Price		1.55			4.08			3.08		MMBtu
Crude Oil	$	(0.9	)	Market Approach	Forward Crude Price		49.57			55.60			53.51		Bbl
NGLs	$	18.9		Market Approach	Forward NGL Price		0.06			1.21			0.54		Gal
*Commodity Options*
Natural Gas, Crude and NGLs	$	106.7		Option Model	Option Volatility		19	%		94	%		36	%
*Total Fair Value*	$	168.9

⁽¹⁾	Prices are in dollars per MMBtu for natural gas, Gal for NGLs and Bbl for crude oil.
⁽²⁾	Fair values include credit valuation adjustment losses of approximately $1.0 million.

Schedule of Reconciliation of Changes in Fair Value of Level 3 Financial Assets and Liabilities

	Commodity			Commodity
	Financial			Physical			Commodity
	Contracts			Contracts			Options			Total
	(in millions)
Beginning balance as of January 1, 2015	$	42.7		$	19.5		$	106.7		$	168.9
Transfer in (out) of Level 3⁽¹⁾		—			—			—			—
Gains or losses included in earnings:
Reported in Commodity sales		—			(3.2	)		—			(3.2	)
Reported in Commodity costs		(1.1	)		18.8			30.2			47.9
Gains or losses included in other comprehensive income:
Reported in Other comprehensive income (loss), net of tax		0.4			—			—			0.4
Purchases, issuances, sales and settlements:
Purchases		—			—			—			—
Sales		—			—			2.0			2.0
Settlements⁽²⁾		(27.7	)		(30.5	)		(45.8	)		(104.0	)
Ending balance as September 30, 2015	$	14.3		$	4.6		$	93.1		$	112.0
Amounts reported in Commodity sales	$	—		$	(22.7	)	$	—		$	(22.7	)
Amount of changes in net assets attributable to the change in derivative gains or losses related to assets and liabilities still held at the reporting date:
Reported in Commodity sales	$	—		$	(1.4	)	$	—		$	(1.4	)
Reported in Commodity costs	$	(2.0	)	$	5.3		$	30.6			33.9

⁽¹⁾	Our policy is to recognize transfers as of the last day of the reporting period.
⁽²⁾	Settlements represent the realized portion of forward contracts.

Schedule of Fair Values of Expected Cash Flows of Outstanding Commodity Based Swaps and Physical Contracts

	At September 30, 2015													At December 31, 2014
					Wtd. Average Price⁽²⁾				Fair Value⁽³⁾					Fair Value⁽³⁾
	Commodity		Notional ⁽¹⁾		Receive			Pay	Asset		Liability			Asset		Liability
									(in millions)
*Portion of contracts maturing in 2015*
Swaps
Receive variable/pay fixed		NGL		964,000	$	22.66	$	25.42	$	0.7	$	(3.3	)	$	—	$	(6.8	)
		Crude Oil		350,000	$	45.54	$	72.70	$	—	$	(9.5	)	$	—	$	(27.4	)
Receive fixed/pay variable		NGL		1,913,800	$	29.66	$	24.25	$	11.3	$	(1.0	)	$	39.2	$	—
		Crude Oil		528,532	$	86.11	$	45.66	$	21.3	$	—		$	65.0	$	—
Receive variable/pay variable		Natural Gas		828,000	$	2.45	$	2.52	$	—	$	(0.1	)	$	1.5	$	(1.7	)
Physical Contracts
Receive variable/pay fixed		NGL		50,000	$	31.63	$	33.02	$	—	$	(0.1	)	$	—	$	(3.6	)
		Crude Oil		8,600	$	45.26	$	45.12	$	—	$	—		$	—	$	—
Receive fixed/pay variable		NGL		3,048,988	$	18.83	$	17.16	$	6.4	$	(1.3	)	$	19.8	$	—
		Crude Oil		54,500	$	42.69	$	45.80	$	—	$	(0.2	)	$	0.5	$	—
Receive variable/pay variable		Natural Gas		54,524,000	$	2.48	$	2.49	$	—	$	(0.8	)	$	2.2	$	(1.0	)
		NGL		5,150,479	$	20.54	$	20.07	$	5.3	$	(2.9	)	$	3.7	$	(1.0	)
		Crude Oil		742,342	$	43.59	$	43.90	$	1.3	$	(1.5	)	$	0.3	$	(1.7	)
*Portion of contracts maturing in 2016*
Swaps
Receive variable/pay fixed		Natural Gas		16,287	$	2.72	$	3.48	$	—	$	—		$	—	$	(0.1	)
		NGL		833,500	$	23.81	$	30.54	$	—	$	(5.6	)	$	—	$	—
		Crude Oil		415,950	$	49.02	$	82.69	$	—	$	(14.0	)	$	—	$	(8.1	)
Receive fixed/pay variable		NGL		1,428,500	$	31.34	$	22.26	$	13.3	$	(0.3	)	$	9.3	$	—
		Crude Oil		779,270	$	74.00	$	49.08	$	19.3	$	—		$	9.1	$	—
Receive variable/pay variable		Natural Gas		5,124,000	$	2.79	$	2.76	$	0.2	$	—		$	0.5	$	(0.3	)
Physical Contracts
Receive fixed/pay variable		NGL		233,952	$	20.02	$	19.25	$	0.2	$	(0.1	)	$	—	$	—
Receive variable/pay variable		Natural Gas		177,875,634	$	2.62	$	2.64	$	—	$	(3.4	)	$	0.7	$	(0.4	)
		NGL		9,640,509	$	17.02	$	16.88	$	1.6	$	(0.2	)	$	—	$	—
*Portion of contracts maturing in 2017*
Swaps
Receive variable/pay fixed		Natural Gas		76,530	$	2.62	$	2.97	$	—	$	—		$	—	$	—
		NGL		547,500	$	19.97	$	25.86	$	—	$	(3.2	)	$	—	$	—
		Crude Oil		547,500	$	52.74	$	66.72	$	—	$	(7.6	)	$	—	$	—
Receive fixed/pay variable		NGL		547,500	$	23.59	$	19.97	$	2.0	$	—		$	0.7	$	—
		Crude Oil		547,500	$	66.78	$	52.74	$	7.6	$	—		$	0.8	$	—
Receive variable/pay variable		Natural Gas		8,050,000	$	2.82	$	2.77	$	0.4	$	—		$	—	$	—
Physical Contracts
Receive variable/pay variable		Natural Gas		2,187,810	$	3.03	$	3.01	$	0.1	$	—		$	0.2	$	(0.1	)
*Portion of contracts maturing in 2018*
Physical Contracts
Receive variable/pay variable		Natural Gas		2,187,810	$	3.16	$	3.14	$	0.1	$	—		$	—	$	—
*Portion of contracts maturing in 2019*
Physical Contracts
Receive variable/pay variable		Natural Gas		2,187,810	$	3.25	$	3.22	$	0.1	$	—		$	—	$	—
*Portion of contracts maturing in 2020*
Physical Contracts
Receive variable/pay variable		Natural Gas		359,640	$	3.55	$	3.52	$	—	$	—		$	—	$	—

⁽¹⁾	Volumes of natural gas are measured in MMBtu, whereas volumes of NGL and crude oil are measured in Bbl.
⁽²⁾	Weighted-average prices received and paid are in $/MMBtu for natural gas and $/Bbl for NGL and crude oil.
⁽³⁾	The fair value is determined based on quoted market prices at September 30, 2015 and December 31, 2014, respectively, discounted using the swap rate for the respective periods to consider the time value of money. Fair values exclude credit valuation adjustment gains (losses) of approximately $0.4 million and ($0.5) million at September 30, 2015 and December 31, 2014, respectively, as well as cash collateral received.

Schedule of Fair Values of Expected Cash Flows of Outstanding Commodity Options

	At September 30, 2015													At December 31, 2014
					Strike		Market		Fair Value⁽³⁾					Fair Value⁽³⁾
	Commodity		Notional ⁽¹⁾		Price ⁽²⁾		Price ⁽²⁾		Asset		Liability			Asset		Liability
									(in millions)
*Portion of option contracts maturing in 2015*
Puts (purchased)		Natural Gas		1,012,000	$	3.90	$	2.60	$	1.3	$	—		$	3.8	$	—
		NGL		579,600	$	43.32	$	23.75	$	11.4	$	—		$	40.2	$	—
		Crude Oil		184,000	$	81.56	$	45.77	$	6.6	$	—		$	18.8	$	—
Calls (written)		Natural Gas		322,000	$	5.05	$	2.60	$	—	$	—		$	—	$	—
		NGL		372,600	$	45.80	$	23.58	$	—	$	—		$	—	$	(0.6	)
		Crude Oil		184,000	$	88.39	$	45.77	$	—	$	—		$	—	$	(0.4	)
Puts (written)		Natural Gas		1,012,000	$	3.90	$	2.60	$	—	$	(1.3	)	$	—	$	(3.8	)
		NGL		23,000	$	77.28	$	39.81	$	—	$	(0.9	)	$	—	$	—
Calls (purchased)		Natural Gas		322,000	$	5.05	$	2.60	$	—	$	—		$	—	$	—
*Portion of option contracts maturing in 2016*
Puts (purchased)		Natural Gas		1,647,000	$	3.75	$	2.80	$	1.7	$	—		$	1.0	$	—
		NGL		2,836,500	$	39.24	$	22.88	$	48.4	$	—		$	39.3	$	—
		Crude Oil		805,200	$	75.91	$	49.23	$	21.8	$	—		$	14.7	$	—
Calls (written)		Natural Gas		1,647,000	$	4.98	$	2.80	$	—	$	—		$	—	$	(0.1	)
		NGL		2,836,500	$	45.14	$	22.88	$	—	$	(1.2	)	$	—	$	(3.2	)
		Crude Oil		805,200	$	86.68	$	49.23	$	—	$	(0.2	)	$	—	$	(2.7	)
Puts (written)		Natural Gas		1,647,000	$	3.75	$	2.80	$	—	$	(1.7	)	$	—	$	(1.0	)
		NGL		91,500	$	39.06	$	25.26	$	—	$	(1.3	)	$	—	$	—
Calls (purchased)		Natural Gas		1,647,000	$	4.98	$	2.80	$	—	$	—		$	0.1	$	—
		NGL		91,500	$	46.41	$	25.26	$	—	$	—		$	—	$	—
*Portion of option contracts maturing in 2017*
Puts (purchased)		NGL		1,277,500	$	25.26	$	24.76	$	5.5	$	—		$	1.2	$	—
		Crude Oil		547,500	$	63.00	$	52.74	$	7.5	$	—		$	4.1	$	—
Calls (written)		NGL		1,277,500	$	29.46	$	24.76	$	—	$	(3.0	)	$	—	$	(0.7	)
		Crude Oil		547,500	$	71.45	$	52.74	$	—	$	(1.1	)	$	—	$	(3.3	)

⁽¹⁾	Volumes of natural gas are measured in MMBtu, whereas volumes of NGL and crude oil are measured in Bbl.
⁽²⁾	Strike and market prices are in $/MMBtu for natural gas and in $/Bbl for NGL and crude oil.
⁽³⁾	The fair value is determined based on quoted market prices at September 30, 2015 and December 31, 2014, respectively, discounted using the swap rate for the respective periods to consider the time value of money. Fair values exclude credit valuation adjustment losses of approximately $0.4 million and $0.7 million at September 30, 2015 and December 31, 2014, respectively, as well as cash collateral received.

Schedule of Current Interest Rate Derivatives

					Average			Fair Value⁽²⁾ at
Date of Maturity & Contract Type	Accounting Treatment		Notional		Fixed Rate ⁽¹⁾			September 30, 2015			December 31, 2014
					(dollars in millions)
Contracts maturing in 2015
Interest Rate Swaps – Pay Fixed		Cash Flow Hedge	$	510		1.53	%	$	—		$	(0.2	)
Contracts maturing in 2016
Interest Rate Swaps – Pay Fixed		Cash Flow Hedge	$	90		0.55	%	$	(0.1	)	$	(0.1	)
Contracts maturing in 2017
Interest Rate Swaps – Pay Fixed		Cash Flow Hedge	$	500		2.21	%	$	(10.5	)	$	(12.9	)
Contracts maturing in 2018
Interest Rate Swaps – Pay Fixed		Cash Flow Hedge	$	810		2.24	%	$	(9.0	)	$	(1.3	)
Contracts maturing in 2019
Interest Rate Swaps – Pay Fixed		Cash Flow Hedge	$	620		2.96	%	$	(7.9	)	$	(3.3	)
Contracts settling prior to maturity
2015 – Pre-issuance Hedges		Cash Flow Hedge	$	1,000		5.48	%	$	(313.0	)	$	(258.3	)
2016 – Pre-issuance Hedges		Cash Flow Hedge	$	500		4.21	%	$	(85.3	)	$	(63.4	)
2017 – Pre-issuance Hedges		Cash Flow Hedge	$	500		3.69	%	$	(52.7	)	$	(36.0	)
2018 – Pre-issuance Hedges		Cash Flow Hedge	$	350		3.08	%	$	(13.4	)	$	(4.9	)

⁽¹⁾	Interest rate derivative contracts are based on the one-month or three-month London Interbank Offered Rate, or LIBOR.
⁽²⁾	The fair value is determined from quoted market prices at September 30, 2015 and December 31, 2014, respectively, discounted using the swap rate for the respective periods to consider the time value of money. Fair values exclude credit valuation adjustment gains of approximately $4.5 million and $37.4 million at September 30, 2015 and December 31, 2014, respectively.