Partners' Capital (Tables)

6 Months Ended

Jun. 30, 2011

Partners' Capital - (Tables) [Abstract]

As of June 30, 2011 and December 31, 2010, our partners' capital included the following limited partner units:

	June 30,		December 31,
	2011		2010
Common units		229,289,810		218,880,103
Class B units		5,313,400		5,313,400
i-units		95,105,692		91,907,987
Total limited partner units		329,708,902		316,101,490

Changes in Partners' Capital

For each of the three and six month periods ended June 30, 2011 and 2010, changes in the carrying amounts of our Partners' Capital attributable to both us and our noncontrolling interests, including our comprehensive income are summarized as follows (in millions):

	Three Months Ended June 30,
	2011									2010
	KMP			Noncontrolling interests			Total			KMP			Noncontrolling interests			Total

Beginning Balance	$	7,018.4		$	79.2		$	7,097.6		$	6,612.6		$	78.7		$	6,691.3

Units issued as consideration in the acquisition of assets		23.7			-			23.7			-			-			-
Units issued for cash		624.6			-			624.6			433.1			-			433.1
Distributions paid in cash		(540.7	)		(6.9	)		(547.6	)		(480.2	)		(6.0	)		(486.2	)
Noncash compensation expense allocated from KMI(a)		-			-			-			1.3			-			1.3
Cash contributions		-			11.3			11.3			-			5.5			5.5
Other adjustments		(0.1	)		-			(0.1	)		-			-			-

Comprehensive income:
Net Income		230.5			1.4			231.9			361.2			3.9			365.1
Other comprehensive income:
Change in fair value of derivatives utilized for hedging purposes		163.0			1.6			164.6			141.6			1.5			143.1
Reclassification of change in fair value of derivatives to net income		85.9			0.9			86.8			39.1			0.4			39.5
Foreign currency translation adjustments		10.9			0.2			11.1			(85.5	)		(0.9	)		(86.4	)
Adjustments to pension and other postretirement benefit plan liabilities		-			-			-			(0.1	)		-			(0.1	)
Total other comprehensive income		259.8			2.7			262.5			95.1			1.0			96.1
Comprehensive income		490.3			4.1			494.4			456.3			4.9			461.2

Ending Balance	$	7,616.2		$	87.7		$	7,703.9		$	7,023.1		$	83.1		$	7,106.2

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	Six Months Ended June 30,
	2011									2010
	KMP			Noncontrolling interests			Total			KMP			Noncontrolling interests			Total

Beginning Balance	$	7,210.7		$	81.8		$	7,292.5		$	6,644.5		$	79.6		$	6,724.1

Units issued as consideration pursuant to common unit compensation plan for non-employee directors		0.2			-			0.2			0.2			-			0.2
Units issued as consideration in the acquisition of assets		23.7			-			23.7			81.7			-			81.7
Units issued for cash		705.8			-			705.8			433.1			-			433.1
Distributions paid in cash		(1,072.3	)		(13.5	)		(1,085.8	)		(949.0	)		(12.0	)		(961.0	)
Noncash compensation expense allocated from KMI(a)		89.0			0.9			89.9			2.7			-			2.7
Cash contributions		-			13.1			13.1			-			7.2			7.2
Other adjustments		1.2			-			1.2			-			-			-

Comprehensive income:
Net Income		568.3			4.5			572.8			586.5			6.0			592.5
Other comprehensive income:
Change in fair value of derivatives utilized for hedging purposes		(96.8	)		(1.0	)		(97.8	)		166.0			1.7			167.7
Reclassification of change in fair value of derivatives to net income		138.4			1.4			139.8			86.1			0.9			87.0
Foreign currency translation adjustments		61.0			0.7			61.7			(26.3	)		(0.3	)		(26.6	)
Adjustments to pension and other postretirement benefit plan liabilities		(13.0	)		(0.2	)		(13.2	)		(2.4	)		-			(2.4	)
Total other comprehensive income		89.6			0.9			90.5			223.4			2.3			225.7
Comprehensive income		657.9			5.4			663.3			809.9			8.3			818.2

Ending Balance	$	7,616.2		$	87.7		$	7,703.9		$	7,023.1		$	83.1		$	7,106.2

____________

(a)	For further information about this expense, see Note 9. We do not have any obligation, nor do we expect to pay any amounts related to this expense.