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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Electric utility $ 812 $ 717 $ 1,586 $ 1,418
Gas utility 94 69 356 239
Other utility 13 10 23 23
Non-utility 24 21 47 38
Total revenues 943 817 2,012 1,718
Operating expenses:        
Electric production fuel and purchased power 191 138 359 271
Electric transmission service 133 121 271 255
Cost of gas sold 48 31 216 131
Other operation and maintenance 166 160 320 306
Depreciation and amortization 166 165 332 329
Taxes other than income taxes 27 26 54 52
Total operating expenses 731 641 1,552 1,344
Operating income 212 176 460 374
Other (income) and deductions:        
Interest expense 78 69 152 138
Equity income from unconsolidated investments, net (16) (19) (32) (34)
Allowance for funds used during construction (13) (5) (24) (9)
Other 0 2 1 4
Total other (income) and deductions 49 47 97 99
Income before income taxes 163 129 363 275
Income tax expense (benefit) 4 (17) 12 (45)
Net income 159 146 351 320
Preferred dividend requirements of Interstate Power and Light Company 0 2 0 5
Net income attributable to common shareowners $ 159 $ 144 $ 351 $ 315
Weighted average number of common shares outstanding:        
Basic (in shares) 250,900 250,200 250,700 250,100
Diluted (in shares) 251,100 250,600 251,000 250,500
Earnings per weighted average common share attributable to Alliant Energy common shareowners:        
Basic (in dollars per share) $ 0.63 $ 0.58 $ 1.40 $ 1.26
Diluted (in dollars per share) $ 0.63 $ 0.57 $ 1.40 $ 1.26
IPL [Member]        
Revenues:        
Electric utility $ 442 $ 402 $ 843 $ 788
Gas utility 52 43 191 134
Other utility 12 10 22 22
Total revenues 506 455 1,056 944
Operating expenses:        
Electric production fuel and purchased power 83 55 150 114
Electric transmission service 91 79 188 171
Cost of gas sold 27 22 112 72
Other operation and maintenance 87 81 171 158
Depreciation and amortization 95 93 189 187
Taxes other than income taxes 14 14 28 28
Total operating expenses 397 344 838 730
Operating income 109 111 218 214
Other (income) and deductions:        
Interest expense 37 34 74 69
Allowance for funds used during construction (3) (3) (5) (5)
Other 0 2 (1) 2
Total other (income) and deductions 34 33 68 66
Income before income taxes 75 78 150 148
Income tax expense (benefit) (12) (10) (23) (22)
Net income 87 88 173 170
Preferred dividend requirements of Interstate Power and Light Company 0 2 0 5
Net income attributable to common shareowners 87 86 173 165
WPL [Member]        
Revenues:        
Electric utility 370 315 743 630
Gas utility 42 26 165 105
Other utility 1 0 1 1
Total revenues 413 341 909 736
Operating expenses:        
Electric production fuel and purchased power 108 84 209 158
Electric transmission service 41 42 83 84
Cost of gas sold 21 9 104 59
Other operation and maintenance 67 69 123 128
Depreciation and amortization 69 70 139 139
Taxes other than income taxes 12 12 24 23
Total operating expenses 318 286 682 591
Operating income 95 55 227 145
Other (income) and deductions:        
Interest expense 28 26 55 52
Allowance for funds used during construction (10) (2) (18) (4)
Other 0 0 0 1
Total other (income) and deductions 18 24 37 49
Income before income taxes 77 31 190 96
Income tax expense (benefit) 14 (7) 34 (26)
Net income $ 63 $ 38 $ 156 $ 122