Guarantee of Securities of Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2014

Guarantees [Abstract]

Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheets as of June 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor		Subsidiary Issuers		Non-guarantor Subsidiaries		Eliminations			Consolidated KMP
ASSETS
Cash and cash equivalents	$	28	$	—	$	235	$	—		$	263
All other current assets	3,433		7		2,165		(3,348		)	2,257
Property, plant and equipment, net	—		15		29,270		—			29,285
Investments	—		—		2,193		—			2,193
Investments in subsidiaries	14,017		4,434		—		(18,451		)	—
Goodwill	—		920		5,801		—			6,721
Notes receivable from affiliates	18,279		—		—		(18,279		)	—
Other non-current assets	290		—		3,542		—			3,832
Total Assets	$	36,047	$	5,376	$	43,206	$	(40,078	)	$	44,551
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities
Current portion of debt	$	1,337	$	—	$	—	$	—		$	1,337
All other current liabilities	355		137		6,057		(3,348		)	3,201
Total long-term debt	16,931		389		3,557		—			20,877
Notes payable to affiliates	—		765		17,514		(18,279		)	—
Deferred income taxes	—		2		295		—			297
Other long-term liabilities and deferred credits	107		2		945		—			1,054
Total Liabilities	18,730		1,295		28,368		(21,627		)	26,766
Partners’ Capital
Total KMEP Partners’ Capital	17,317		4,081		14,370		(18,451		)	17,317
Noncontrolling interests	—		—		468		—			468
Total Partners’ Capital	17,317		4,081		14,838		(18,451		)	17,785
Total Liabilities and Partners’ Capital	$	36,047	$	5,376	$	43,206	$	(40,078	)	$	44,551

Condensed Consolidating Balance Sheets as of December 31, 2013 (In Millions)
	Parent Guarantor		Subsidiary Issuers		Non-guarantor Subsidiaries		Eliminations			Consolidated KMP
ASSETS
Cash and cash equivalents	$	10	$	1	$	393	$	—		$	404
All other current assets	3,071		13		2,151		(2,971		)	2,264
Property, plant and equipment, net	—		170		27,235		—			27,405
Investments	—		—		2,233		—			2,233
Investments in subsidiaries	13,931		4,430		—		(18,361		)	—
Goodwill	—		813		5,734		—			6,547
Notes receivable from affiliates	17,284		—		—		(17,284		)	—
Other non-current assets	233		—		3,678		—			3,911
Total Assets	$	34,529	$	5,427	$	41,424	$	(38,616	)	$	42,764
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities
Current portion of debt	$	1,504	$	—	$	—	$	—		$	1,504
All other current liabilities	407		107		5,530		(2,971		)	3,073
Total long-term debt	15,644		393		3,587		—			19,624
Notes payable to affiliates	—		907		16,377		(17,284		)	—
Deferred income taxes	—		2		283		—			285
Other long-term liabilities and deferred credits	173		—		884		—			1,057
Total Liabilities	17,728		1,409		26,661		(20,255		)	25,543
Partners’ Capital
Total KMEP Partners’ Capital	16,801		4,018		14,343		(18,361		)	16,801
Noncontrolling interests	—		—		420		—			420
Total Partners’ Capital	16,801		4,018		14,763		(18,361		)	17,221
Total Liabilities and Partners’ Capital	$	34,529	$	5,427	$	41,424	$	(38,616	)	$	42,764

Condensed Income Statement [Table Text Block]

Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months ended June 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	3,577		$	—		$	3,577
Operating Costs, Expenses and Other
Costs of sales	—			—			1,602			—			1,602
Depreciation, depletion and amortization	—			—			406			—			406
Other operating expenses	—			8			706			—			714
Total Operating Costs, Expenses and Other	—			8			2,714			—			2,722
Operating (Loss) Income	—			(8		)	863			—			855
Other Income (Expense), Net	663			45			(160		)	(710		)	(162		)
Income Before Income Taxes	663			37			703			(710		)	693
Income Tax Expense	(2		)	—			(22		)	—			(24		)
Net Income	661			37			681			(710		)	669
Net Income Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Net Income Attributable to KMEP	$	661		$	37		$	673		$	(710	)	$	661
Net Income	$	661		$	37		$	681		$	(710	)	$	669
Total Other Comprehensive (Loss)	(25		)	—			(25		)	25			(25		)
Comprehensive Income	636			37			656			(685		)	644
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(8		)	—			(8		)
Comprehensive Income Attributable to KMEP	$	636		$	37		$	648		$	(685	)	$	636

Condensed Consolidating Statements of Income and Comprehensive Income  for the Three Months ended June 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	3,017		$	—		$	3,017
Operating Costs, Expenses and Other
Costs of sales	—			—			1,248			—			1,248
Depreciation, depletion and amortization	—			2			355			—			357
Other operating expenses	—			26			785			—			811
Total Operating Costs, Expenses and Other	—			28			2,388			—			2,416
Operating (Loss) Income	—			(28		)	629			—			601
Other Income, Net	1,004			35			435			(1,039		)	435
Income Before Income Taxes	1,004			7			1,064			(1,039		)	1,036
Income Tax Expense	(4		)	—			(22		)	—			(26		)
Net Income	1,000			7			1,042			(1,039		)	1,010
Net Income Attributable to Noncontrolling Interests	—			—			(10		)	—			(10		)
Net Income Attributable to KMEP	$	1,000		$	7		$	1,032		$	(1,039	)	$	1,000
Net Income	$	1,000		$	7		$	1,042		$	(1,039	)	$	1,010
Total Other Comprehensive (Loss)	(4		)	—			(4		)	4			(4		)
Comprehensive Income	996			7			1,038			(1,035		)	1,006
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(10		)	—			(10		)
Comprehensive Income Attributable to KMEP	$	996		$	7		$	1,028		$	(1,035	)	$	996

Condensed Consolidating Statements of Income and Comprehensive Income  for the Six Months ended June 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	7,229		$	—		$	7,229
Operating Costs, Expenses and Other
Costs of sales	—			—			3,240			—			3,240
Depreciation, depletion and amortization	—			—			807			—			807
Other operating expenses	—			15			1,379			—			1,394
Total Operating Costs, Expenses and Other	—			15			5,426			—			5,441
Operating (Loss) Income	—			(15		)	1,803			—			1,788
Other Income (Expense), Net	1,412			78			(323		)	(1,492		)	(325		)
Income Before Income Taxes	1,412			63			1,480			(1,492		)	1,463
Income Tax Expense	(5		)	—			(35		)	—			(40		)
Net Income	1,407			63			1,445			(1,492		)	1,423
Net Income Attributable to Noncontrolling Interests	—			—			(16		)	—			(16		)
Net Income Attributable to KMEP	$	1,407		$	63		$	1,429		$	(1,492	)	$	1,407
Net Income	$	1,407		$	63		$	1,445		$	(1,492	)	$	1,423
Total Other Comprehensive (Loss)	(143		)	—			(144		)	143			(144		)
Comprehensive Income	1,264			63			1,301			(1,349		)	1,279
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(15		)	—			(15		)
Comprehensive Income Attributable to KMEP	$	1,264		$	63		$	1,286		$	(1,349	)	$	1,264

Condensed Consolidating Statements of Income and Comprehensive Income for the Six Months ended June 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Total Revenues	$	—		$	—		$	5,678		$	—		$	5,678
Operating Costs, Expenses and Other
Costs of sales	—			—			2,205			—			2,205
Depreciation, depletion and amortization	—			2			683			—			685
Other operating expenses	—			26			1,377			—			1,403
Total Operating Costs, Expenses and Other	—			28			4,265			—			4,293
Operating (Loss) Income	—			(28		)	1,413			—			1,385
Other Income, Net	1,789			35			537			(1,815		)	546
Income from Continuing Operations Before Income Taxes	1,789			7			1,950			(1,815		)	1,931
Income Tax Expense	(6		)	—			(121		)	—			(127		)
Income from Continuing Operations	1,783			7			1,829			(1,815		)	1,804
Loss from Discontinued Operations	—			—			(2		)	—			(2		)
Net Income	1,783			7			1,827			(1,815		)	1,802
Net Income Attributable to Noncontrolling Interests	—			—			(19		)	—			(19		)
Net Income Attributable to KMEP	$	1,783		$	7		$	1,808		$	(1,815	)	$	1,783
Net Income	$	1,783		$	7		$	1,827		$	(1,815	)	$	1,802
Total Other Comprehensive (Loss)	(93		)	—			(94		)	93			(94		)
Comprehensive Income	1,690			7			1,733			(1,722		)	1,708
Comprehensive Income Attributable to Noncontrolling Interests	—			—			(18		)	—			(18		)
Comprehensive Income Attributable to KMEP	$	1,690		$	7		$	1,715		$	(1,722	)	$	1,690

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Condensed Consolidating Statements of Cash Flow for the Six Months ended June 30, 2014 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Net Cash Provided by (Used in) Operating Activities	$	1,723		$	(29	)	$	2,691		$	(2,136	)	$	2,249
Cash Flows From Investing Activities
Acquisitions of assets and investments, net of cash acquired	—			—			(993		)	—			(993		)
Capital expenditures	—			(47		)	(1,803		)	192			(1,658		)
Contributions to investments	—			—			(89		)	—			(89		)
Distributions from equity investments in excess of cumulative earnings	—			—			37			—			37
Funding (to) from affiliates	(1,571		)	72			420			1,079			—
Natural gas storage and natural gas and liquids line-fill	—			—			22			—			22
Sale, casualty and transfer of property, plant and equipment, investments and other net assets, net of removal costs	—			192			11			(192		)	11
Other, net	—			—			(5		)	—			(5		)
Net Cash (Used in) Provided by Investing Activities	(1,571		)	217			(2,400		)	1,079			(2,675		)
Cash Flows From Financing Activities
Issuance of debt	6,083			—			—			—			6,083
Payment of debt	(5,059		)	—			(1		)	—			(5,060		)
Debt issue costs	(11		)	—			—			—			(11		)
Funding (to) from affiliates	(392		)	(189		)	1,660			(1,079		)	—
Proceeds from issuance of common units	938			—			—			—			938
Proceeds from issuance of i-units	97			—			—			—			97
Contributions from noncontrolling interests	—			—			57			—			57
Distributions to partners and noncontrolling interests	(1,789		)	—			(2,160		)	2,136			(1,813		)
Other, net	(1		)	—			(1		)	—			(2		)
Net Cash (Used in) Provided by Financing Activities	(134		)	(189		)	(445		)	1,057			289
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(4		)	—			(4		)
Net increase (decrease) in Cash and Cash Equivalents	18			(1		)	(158		)	—			(141		)
Cash and Cash Equivalents, beginning of period	10			1			393			—			404
Cash and Cash Equivalents, end of period	$	28		$	—		$	235		$	—		$	263

Condensed Consolidating Statements of Cash Flow for the Six Months ended June 30, 2013 (In Millions) (Unaudited)
	Parent Guarantor			Subsidiary Issuers			Non-guarantor Subsidiaries			Eliminations			Consolidated KMP
Net Cash Provided by Operating Activities	$	1,548		$	6		$	1,956		$	(1,768	)	$	1,742
Cash Flows From Investing Activities
Payment to KMI for March 2013 drop-down asset group	—			—			(994		)	—			(994		)
Acquisitions of assets and investments, net of cash acquired	—			5			(291		)	—			(286		)
Capital expenditures	—			(60		)	(1,208		)	—			(1,268		)
Proceeds from sale of investments in Express pipeline system	—			—			403			—			403
Contributions to investments	—			—			(93		)	—			(93		)
Distributions from equity investments in excess of cumulative earnings	—			—			36			—			36
Funding to affiliates	(3,690		)	(501		)	(1,234		)	5,425			—
Sale or casualty of property, plant and equipment, investments and other net assets, net of removal costs	—			—			23			—			23
Other, net	5			—			—			—			5
Net Cash Used in Investing Activities	(3,685		)	(556		)	(3,358		)	5,425			(2,174		)
Cash Flows From Financing Activities
Issuance of debt	4,844			—			14			—			4,858
Payment of debt	(3,100		)	(663		)	(97		)	—			(3,860		)
Debt issue costs	(11		)	—			—			—			(11		)
Funding from affiliates	832			1,214			3,379			(5,425		)	—
Proceeds from issuance of common units	834			—			—			—			834
Proceeds from issuance of i-units	73			—			—			—			73
Contributions from noncontrolling interests	—			—			99			—			99
Contributions from General Partner	38			—			—			—			38
Pre-acquisition contributions from KMI to March 2013 drop-down asset group	—			—			35			—			35
Distributions to partners and noncontrolling interests	(1,468		)	—			(1,787		)	1,768			(1,487		)
Net Cash Provided by Financing Activities	2,042			551			1,643			(3,657		)	579
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(20		)	—			(20		)
Net (decrease) increase in Cash and Cash Equivalents	(95		)	1			221			—			127
Cash and Cash Equivalents, beginning of period	95			—			434			—			529
Cash and Cash Equivalents, end of period	$	—		$	1		$	655		$	—		$	656