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Balance Sheets (Unaudited) - MEC - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,432 $ 1,096
Income tax receivable 656 344
Inventories 1,091 1,122
Other current assets 815 1,096
Total current assets 8,504 8,248
Regulatory assets 3,458 3,419
Investments and restricted cash, cash equivalents and investments 14,394 15,788
Other assets 3,181 3,144
Total assets 131,469 132,065
Current liabilities:    
Accounts payable 1,820 2,136
Accrued interest 644 537
Accrued property, income and other taxes 606 606
Current portion of long-term debt 1,494 1,265
Other current liabilities 1,647 1,837
Total current liabilities 8,458 8,762
Regulatory liabilities 7,063 6,960
Deferred income taxes 12,786 12,938
Other long-term liabilities 4,327 4,319
Total liabilities 81,045 81,476
Commitments and contingencies
Equity:    
Common stock 0 0
Additional paid-in capital 6,374 6,374
Retained earnings 40,608 40,754
Total shareholder's equity, parent 46,530 46,694
Total liabilities and equity 131,469 132,065
MEC    
Current assets:    
Cash and cash equivalents 131 232
Trade receivables, net 468 526
Income tax receivable 297 79
Inventories 185 234
Other current assets 187 123
Total current assets 1,268 1,194
Property, plant and equipment, net 20,344 20,301
Regulatory assets 492 473
Investments and restricted cash, cash equivalents and investments 985 1,026
Other assets 262 263
Total assets 23,351 23,257
Current liabilities:    
Accounts payable 429 531
Accrued interest 88 84
Accrued property, income and other taxes 144 158
Current portion of long-term debt 7 0
Other current liabilities 144 145
Total current liabilities 812 918
Long-term debt 7,719 7,721
Regulatory liabilities 1,057 1,080
Deferred income taxes 3,373 3,389
Asset retirement obligations 723 714
Other long-term liabilities 463 475
Total liabilities 14,147 14,297
Commitments and contingencies
Equity:    
Common stock 0 0
Additional paid-in capital 561 561
Retained earnings 8,643 8,399
Total shareholder's equity, parent 9,204 8,960
Total liabilities and equity $ 23,351 $ 23,257