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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
Summarized results of discontinued operations for the three and nine months ended September 30, 2019 and 2018, were as follows:
 
 
For the Three Months Ended September 30,
 
For the Nine Months
Ended September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Revenues
 
$
62

 
$
83

 
$
147

 
$
934

Fuel
 
(50
)
 
(52
)
 
(105
)
 
(269
)
Purchased power
 
—

 
—

 
—

 
(85
)
Other operating expenses
 
(16
)
 
(24
)
 
(42
)
 
(414
)
Provision for depreciation
 
—

 
(18
)
 
—

 
(96
)
General taxes
 
(2
)
 
(4
)
 
(11
)
 
(32
)
Other income (expense) (1)
 
2

 
(1
)
 
10

 
(82
)
Loss from discontinued operations, before tax
 
(4
)
 
(16
)
 
(1
)
 
(44
)
Income tax expense
 
17

 
7

 
45

 
39

Loss from discontinued operations, net of tax
 
(21
)
 
(23
)
 
(46
)
 
(83
)
Gain (loss) on disposal of FES and FENOC, net of tax
 
23

 
(834
)
 
(16
)
 
405

Income (loss) from discontinued operations
 
$
2

 
$
(857
)
 
$
(62
)
 
$
322

(1) Other income (expense) for the three and nine months ended September 30, 2019, reflects the amounts owed to or from FG for its economic interests in Pleasants effective January 1, 2019, as further discussed above.
The gain (loss) on disposal of FES and FENOC recognized in the three and nine months ended September 30, 2019 and 2018, consisted of the following:
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Removal of investment in FES and FENOC
 
$
—

 
$
—

 
$
—

 
$
2,193

Assumption of benefit obligations retained at FE
 
—

 
—

 
—

 
(820
)
Guarantees and credit support provided by FE
 
—

 
—

 
—

 
(139
)
Reserve on receivables and allocated pension/OPEB mark-to-market
 
—

 
—

 
—

 
(914
)
Settlement consideration and services credit
 
8

 
(1,183
)
 
(15
)
 
(1,183
)
Gain (loss) on disposal of FES and FENOC, before tax
 
8

 
(1,183
)
 
(15
)
 
(863
)
Income tax benefit (expense), including estimated worthless stock deduction
 
15

 
349

 
(1
)
 
1,268

Gain (loss) on disposal of FES and FENOC, net of tax
 
$
23

 
$
(834
)
 
$
(16
)
 
$
405

As of September 30, 2019, and December 31, 2018, material and supplies of $33 million and $25 million, respectively, are included in FirstEnergy’s Consolidated Balance Sheets as Current assets - discontinued operations.

FirstEnergy’s Consolidated Statement of Cash Flows combines cash flows from discontinued operations with cash flows from continuing operations within each cash flow category. The following table summarizes the major classes of cash flow items from discontinued operations for the nine months ended September 30, 2019 and 2018:
 
 
For the Nine Months Ended September 30,
(In millions)
 
2019
 
2018
 
 
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
Income (loss) from discontinued operations
 
$
(62
)
 
$
322

Depreciation and amortization, including regulatory assets, net, intangible assets and deferred debt-related costs
 
—

 
110

 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 

Property additions
 
—

 
(27
)
Sales of investment securities held in trusts
 
—

 
109

Purchases of investment securities held in trusts
 
—

 
(122
)