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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 658 $ 635
Restricted cash (includes $345 million and $282 million related to VIEs at respective dates) 362 297
Accounts receivable    
Customers (net of allowance for doubtful accounts of $400 million and $445 million at respective dates) (includes $1.8 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $400 million and $445 million at respective dates) 2,160 2,048
Accrued unbilled revenue (includes $1.2 billion and $1.1 billion related to VIEs at respective dates) 1,323 1,254
Regulatory balancing accounts 6,442 5,660
Other 1,509 1,494
Regulatory assets 256 300
Inventories    
Gas stored underground and fuel oil 44 65
Materials and supplies 777 805
Wildfire Fund asset 305 450
Other 1,395 1,375
Total current assets 15,231 14,383
Property, Plant, and Equipment    
Electric 81,906 80,345
Gas 30,213 29,830
Construction work in progress 4,466 4,452
Financing lease ROU asset and other 784 787
Total property, plant, and equipment 117,369 115,414
Accumulated depreciation (33,718) (33,093)
Net property, plant, and equipment 83,651 82,321
Other Noncurrent Assets    
Regulatory assets 16,333 17,189
Customer credit trust 507 233
Nuclear decommissioning trusts 3,710 3,574
Operating lease ROU asset 585 598
Wildfire Fund asset 4,365 4,297
Income taxes receivable 24 24
Other 3,239 3,079
Total other noncurrent assets 28,763 28,994
TOTAL ASSETS 127,645 125,698
Current Liabilities    
Short-term borrowings 2,818 3,971
Long-term debt, classified as current (includes $177 million and $176 million related to VIEs at respective dates) 926 1,376
Accounts payable    
Trade creditors 2,147 2,309
Regulatory balancing accounts 2,161 1,669
Other 844 851
Operating lease liabilities 80 80
Financing lease liabilities 271 259
Interest payable (includes $136 million and $67 million related to VIEs at respective dates) 581 679
Wildfire-related claims 1,169 1,422
Other 4,456 4,698
Total current liabilities 15,453 17,314
Noncurrent Liabilities    
Long-term debt (includes $10.4 billion and $10.4 billion related to VIEs at respective dates) 53,415 50,975
Regulatory liabilities 19,667 19,444
Pension and other postretirement benefits 474 476
Asset retirement obligations 5,505 5,512
Deferred income taxes 2,225 1,980
Operating lease liabilities 505 518
Financing lease liabilities 553 554
Other 3,865 3,633
Total noncurrent liabilities 86,209 83,092
Shareholders’ Equity    
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,156,228 and 2,133,597,758 shares outstanding at respective dates 30,356 30,374
Treasury stock, at cost; 0 and 0 shares at respective dates 0 0
Reinvested earnings (4,611) (5,321)
Accumulated other comprehensive loss (14) (13)
Total shareholders’ equity 25,731 25,040
Noncontrolling Interest - Preferred Stock of Subsidiary 252 252
Total equity 25,983 25,292
TOTAL LIABILITIES AND EQUITY $ 127,645 $ 125,698