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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Total revenues [1] $ 3,231 $ 2,989
OPERATING EXPENSES:    
Fuel 133 140
Purchased power 1,124 875
Other operating expenses 846 820
Provision for depreciation 361 340
Deferral of regulatory assets, net (80) (37)
General taxes 296 292
Total operating expenses 2,680 2,430
OPERATING INCOME 551 559
OTHER INCOME (EXPENSE):    
Debt redemption costs (Note 6) 0 (38)
Equity method investment earnings (Note 1) 56 12
Miscellaneous income, net 35 94
Interest expense (263) (275)
Capitalized financing costs 21 19
Total other expense (151) (188)
INCOME BEFORE INCOME TAXES 400 371
INCOME TAXES 90 83
NET INCOME 310 288
Income attributable to noncontrolling interest 18 0
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 292 $ 288
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):    
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) $ 0.51 $ 0.51
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share) $ 0.51 $ 0.50
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 572 570
Diluted (in shares) 573 571
Distribution Services and Retail Generation    
REVENUES:    
Total revenues $ 2,680 $ 2,397
Transmission    
REVENUES:    
Total revenues 460 451
Other    
REVENUES:    
Total revenues $ 91 $ 141
[1] Includes excise and gross receipts tax collections of $109 million and $103 million during the three months ended March 31, 2023 and 2022, respectively.