XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 10us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less bad debt reserve of $30 and $23, respectively 638us-gaap_AccountsReceivableNetCurrent 595us-gaap_AccountsReceivableNetCurrent
Accrued unbilled revenue 152us-gaap_UnbilledReceivablesCurrent 262us-gaap_UnbilledReceivablesCurrent
Accounts and notes receivable — affiliated companies 16us-gaap_DueFromRelatedPartiesCurrent 18us-gaap_DueFromRelatedPartiesCurrent
Materials and supplies 43us-gaap_InventoryRawMaterialsAndSupplies 41us-gaap_InventoryRawMaterialsAndSupplies
Natural gas inventory 37us-gaap_EnergyRelatedInventoryNaturalGasInStorage 211us-gaap_EnergyRelatedInventoryNaturalGasInStorage
Non-trading derivative assets 82us-gaap_DerivativeAssetsCurrent 99us-gaap_DerivativeAssetsCurrent
Deferred income tax assets 4us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 1us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid expenses and other current assets 59us-gaap_PrepaidExpenseAndOtherAssetsCurrent 90us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 1,041us-gaap_AssetsCurrent 1,319us-gaap_AssetsCurrent
Property, Plant and Equipment:    
Property, plant and equipment 5,454us-gaap_PropertyPlantAndEquipmentGross 5,364us-gaap_PropertyPlantAndEquipmentGross
Less: accumulated depreciation and amortization 1,599us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 1,554us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property, plant and equipment, net 3,855us-gaap_PropertyPlantAndEquipmentNet 3,810us-gaap_PropertyPlantAndEquipmentNet
Other Assets:    
Goodwill 840us-gaap_Goodwill 840us-gaap_Goodwill
Non-trading derivative assets 35us-gaap_DerivativeAssetsNoncurrent 32us-gaap_DerivativeAssetsNoncurrent
Investment in unconsolidated affiliates 4,501us-gaap_EquityMethodInvestments 4,521us-gaap_EquityMethodInvestments
Notes receivable from unconsolidated affiliates 363us-gaap_NotesReceivableRelatedPartiesNoncurrent 363us-gaap_NotesReceivableRelatedPartiesNoncurrent
Other 148us-gaap_OtherAssetsNoncurrent 160us-gaap_OtherAssetsNoncurrent
Total other assets 5,887cerc_AssetsNoncurrentOtherThanPropertyPlantAndEquipment 5,916cerc_AssetsNoncurrentOtherThanPropertyPlantAndEquipment
Total Assets 10,783us-gaap_Assets 11,045us-gaap_Assets
Current Liabilities:    
Short-term borrowings 0us-gaap_ShortTermBorrowings 53us-gaap_ShortTermBorrowings
Accounts payable 344us-gaap_AccountsPayableCurrent 528us-gaap_AccountsPayableCurrent
Accounts and notes payable — affiliated companies 38us-gaap_DueToRelatedPartiesCurrent 228us-gaap_DueToRelatedPartiesCurrent
Taxes accrued 65us-gaap_TaxesPayableCurrent 67us-gaap_TaxesPayableCurrent
Interest accrued 39us-gaap_InterestPayableCurrent 36us-gaap_InterestPayableCurrent
Customer deposits 81us-gaap_CustomerDepositsCurrent 80us-gaap_CustomerDepositsCurrent
Derivative Liability, Current 9us-gaap_DerivativeLiabilitiesCurrent 19us-gaap_DerivativeLiabilitiesCurrent
Other 170us-gaap_OtherLiabilitiesCurrent 137us-gaap_OtherLiabilitiesCurrent
Total current liabilities 746us-gaap_LiabilitiesCurrent 1,148us-gaap_LiabilitiesCurrent
Other Liabilities:    
Deferred Tax Liabilities, Net, Noncurrent 2,319us-gaap_DeferredTaxLiabilitiesNoncurrent 2,252us-gaap_DeferredTaxLiabilitiesNoncurrent
Non-trading derivative liabilities 2us-gaap_DerivativeLiabilitiesNoncurrent 1us-gaap_DerivativeLiabilitiesNoncurrent
Benefit obligations 110us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 111us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Regulatory liabilities 692us-gaap_RegulatoryLiabilityNoncurrent 669us-gaap_RegulatoryLiabilityNoncurrent
Other 195us-gaap_OtherLiabilitiesNoncurrent 194us-gaap_OtherLiabilitiesNoncurrent
Total other liabilities 3,318us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent 3,227us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent
Long-Term Debt 2,409us-gaap_LongTermDebtNoncurrent 2,469us-gaap_LongTermDebtNoncurrent
Commitments and Contingencies (Note 10)      
Stockholder’s Equity:    
Common stock 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Paid-in capital 2,417us-gaap_AdditionalPaidInCapital 2,417us-gaap_AdditionalPaidInCapital
Retained earnings 1,892us-gaap_RetainedEarningsAccumulatedDeficit 1,783us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 1us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 1us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholder’s equity 4,310us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 4,201us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Stockholder’s Equity $ 10,783us-gaap_LiabilitiesAndStockholdersEquity $ 11,045us-gaap_LiabilitiesAndStockholdersEquity