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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 15 $ 54
Accounts receivable, less allowance for expected credit losses 377 412
Production fuel, at weighted average cost 57 66
Gas stored underground, at weighted average cost 32 46
Materials and supplies, at weighted average cost 119 105
Regulatory assets 95 81
Other 204 123
Total current assets 899 887
Property, plant and equipment, net 14,540 14,336
Investments:    
ATC Holdings 336 331
Other 170 154
Total investments 506 485
Other assets:    
Regulatory assets 1,900 1,929
Deferred charges and other 94 73
Total other assets 1,994 2,002
Total assets 17,939 17,710
Current liabilities:    
Current maturities of long-term debt 308 8
Commercial paper 535 389
Accounts payable 392 377
Regulatory liabilities 174 249
Other 230 274
Total current liabilities 1,639 1,297
Long-term debt, net (excluding current portion) 6,468 6,769
Other liabilities:    
Deferred tax liabilities 1,865 1,814
Regulatory liabilities 1,080 1,057
Pension and other benefit obligations 477 511
Other 391 374
Total other liabilities 3,813 3,756
Commitments and contingencies (Note 13)
Common equity:    
Common stock 3 2
Additional paid-in capital 2,722 2,704
Retained earnings 3,106 2,994
Accumulated other comprehensive loss (1) (1)
Shares in deferred compensation trust - 372,337 and 380,542 shares at a weighted average cost of $29.65 and $28.73 per share (11) (11)
Total common equity 5,819 5,688
Cumulative preferred stock of Interstate Power and Light Company 200 200
Total equity 6,019 5,888
Total liabilities and equity 17,939 17,710
IPL [Member]    
Current assets:    
Cash and cash equivalents 11 50
Accounts receivable, less allowance for expected credit losses 182 210
Income tax refunds receivable 15 26
Production fuel, at weighted average cost 38 48
Gas stored underground, at weighted average cost 12 20
Materials and supplies, at weighted average cost 72 63
Regulatory assets 72 52
Other 53 27
Total current assets 455 496
Property, plant and equipment, net 7,907 7,889
Other assets:    
Regulatory assets 1,416 1,431
Deferred charges and other 47 33
Total other assets 1,463 1,464
Total assets 9,825 9,849
Current liabilities:    
Accounts payable 126 162
Regulatory liabilities 64 103
Other 180 182
Total current liabilities 370 447
Long-term debt, net (excluding current portion) 3,346 3,345
Other liabilities:    
Deferred tax liabilities 1,054 1,035
Regulatory liabilities 583 573
Pension and other benefit obligations 171 186
Other 322 299
Total other liabilities 2,130 2,093
Commitments and contingencies (Note 13)
Common equity:    
Common stock 33 33
Additional paid-in capital 2,802 2,752
Retained earnings 944 979
Total common equity 3,779 3,764
Cumulative preferred stock of Interstate Power and Light Company 200 200
Total equity 3,979 3,964
Total liabilities and equity 9,825 9,849
WPL [Member]    
Current assets:    
Cash and cash equivalents 3 3
Accounts receivable, less allowance for expected credit losses 182 192
Production fuel, at weighted average cost 19 18
Gas stored underground, at weighted average cost 20 26
Materials and supplies, at weighted average cost 44 40
Regulatory assets 23 29
Other 92 54
Total current assets 383 362
Property, plant and equipment, net 6,203 6,022
Other assets:    
Regulatory assets 484 498
Deferred charges and other 47 30
Total other assets 531 528
Total assets 7,117 6,912
Current liabilities:    
Commercial paper 192 257
Accounts payable 203 154
Regulatory liabilities 110 146
Other 94 117
Total current liabilities 599 674
Long-term debt, net (excluding current portion) 2,131 2,130
Other liabilities:    
Deferred tax liabilities 730 702
Regulatory liabilities 497 484
Finance lease obligations - Sheboygan Falls Energy Facility 37 42
Pension and other benefit obligations 205 222
Other 193 180
Total other liabilities 1,662 1,630
Commitments and contingencies (Note 13)
Common equity:    
Common stock 66 66
Additional paid-in capital 1,669 1,459
Retained earnings 990 953
Total common equity 2,725 2,478
Total equity 2,725 2,478
Total liabilities and equity $ 7,117 $ 6,912