DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Summarized results of discontinued operations for the years ended December 31, 2020, 2019, and 2018 were as follows:

	For the Years Ended December 31,
(In millions)	2020		2019		2018(1)
Revenues	$	7	$	188	$	989
Fuel	(6)		(140)		(304)
Purchased power	—		—		(84)
Other operating expenses	(6)		(63)		(435)
Provision for depreciation	—		—		(96)
General taxes	—		(14)		(35)
Pleasants economic interest(2)	5		27		—
Other expense, net	—		(2)		(83)
Loss from discontinued operations, before tax	—		(4)		(48)
Income tax expense (benefit)	—		47		61
Loss from discontinued operations, net of tax	—		(51)		(109)
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	(1)		7		(1,197)
Accelerated net pension and OPEB prior service credits	18		—		—
Gain (loss) on Disposal of FES and FENOC, before tax	17		7		(877)
Income tax benefit including worthless stock deduction	(59)		(52)		(1,312)
Gain on disposal of FES and FENOC, net of tax	76		59		435
Income from discontinued operations	$	76	$	8	$	326

(1) Discontinued operations include results of FES and FENOC through March 31, 2018, when deconsolidated from FirstEnergy's financial statements.

(2) Reflects the estimated amounts owed from FG for its economic interests in Pleasants effective January 1, 2019. As discussed above, settlement of the economic interests occurred during the first quarter of 2020.

FirstEnergy's Consolidated Statements 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 years ended December 31, 2020, 2019 and 2018:

	For the Years Ended December 31,
(In millions)	2020		2019		2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Income from discontinued operations	$	76	$	8	$	326
Gain on disposal, net of tax	(76)		(59)		(435)
Depreciation and amortization, including nuclear fuel, regulatory assets, net, intangible assets and deferred debt-related costs	—		—		110
Deferred income taxes and investment tax credits, net	—		47		61
Unrealized (gain) loss on derivative transactions	—		—		(10)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	—		—		(27)
Sales of investment securities held in trusts	—		—		109
Purchases of investment securities held in trusts	—		—		(122)