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Consolidated Statements of Operations (Unaudited) - NPC - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenue $ 7,500 $ 6,968 $ 20,142 $ 19,113
Operating expenses:        
Cost of sales 1,959 1,385 4,944 4,064
Total operating expenses 5,677 5,134 15,876 14,738
Operating income 1,823 1,834 4,266 4,375
Other income (expense):        
Interest expense (555) (531) (1,637) (1,593)
Allowance for borrowed funds 19 18 54 46
Allowance for equity funds 43 34 123 90
Interest and dividend income 40 18 93 65
Other, net 5 8 (16) 64
Total other income (expense) (3,718) (159) (3,382) (186)
(Loss) income before income tax benefit and equity loss (1,895) 1,675 884 4,189
Income tax benefit (1,213) (355) (1,571) (563)
Net (loss) income attributable to parent (842) 1,922 1,926 4,207
NPC        
Operating revenue 1,003 802 2,057 1,731
Operating expenses:        
Cost of sales 538 328 1,086 745
Operations and maintenance 90 88 230 228
Depreciation and amortization 106 103 312 304
Property and other taxes 14 12 39 36
Total operating expenses 748 531 1,667 1,313
Operating income 255 271 390 418
Other income (expense):        
Interest expense (41) (38) (118) (115)
Allowance for borrowed funds 1 0 4 2
Allowance for equity funds 3 2 8 5
Interest and dividend income 13 5 31 13
Other, net 3 4 3 14
Total other income (expense) (21) (27) (72) (81)
(Loss) income before income tax benefit and equity loss 234 244 318 337
Income tax benefit 25 27 35 36
Net (loss) income attributable to parent $ 209 $ 217 $ 283 $ 301