Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Note 15: Segment Information

The Company’s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions, assess performance and allocate resources. The Company operates its businesses primarily through one reportable segment, the Regulated Businesses segment. The Company also operates market-based businesses that, individually, do not meet the criteria of a reportable segment in accordance with GAAP, and are collectively presented as the Market-Based Businesses. “Other” includes corporate costs that are not allocated to the Company’s operating segments, eliminations of inter-segment transactions, fair value adjustments and associated income and deductions related to the acquisitions that have not been allocated to the operating segments for evaluation of performance and allocation of resource purposes. The adjustments related to the acquisitions are reported in Other as they are excluded from segment performance measures evaluated by management.

Presented in the tables below is summarized segment information:

	As of or for the Three Months Ended September 30, 2020
	Regulated Businesses		Market-Based Businesses		Other		Consolidated
Operating revenues	$	945	$	139	$	(5)	$	1,079
Depreciation and amortization	138		7		9		154
Total operating expenses, net	543		108		(5)		646
Interest, net	(72)		—		(27)		(99)
Income before income taxes	346		31		(25)		352
Provision for income taxes	85		7		(4)		88
Net income attributable to common shareholders	261		23		(20)		264
Total assets	21,946		1,110		1,338		24,394
Cash paid for capital expenditures	442		1		1		444

	As of or for the Three Months Ended September 30, 2019
	Regulated Businesses		Market-Based Businesses		Other		Consolidated
Operating revenues	$	883	$	136	$	(6)	$	1,013
Depreciation and amortization	132		9		3		144
Total operating expenses, net	505		108		(6)		607
Interest, net	(74)		1		(24)		(97)
Income before income taxes	313		30		(25)		318
Provision for income taxes	77		7		(6)		78
Net income attributable to common shareholders	236		23		(19)		240
Total assets	19,787		1,060		1,391		22,238
Cash paid for capital expenditures	399		2		2		403

	As of or for the Nine Months Ended September 30, 2020
	Regulated Businesses		Market-Based Businesses		Other		Consolidated
Operating revenues	$	2,468	$	399	$	(13)	$	2,854
Depreciation and amortization	417		20		14		451
Total operating expenses, net	1,558		309		2		1,869
Interest, net	(218)		1		(79)		(296)
Income before income taxes	744		91		(92)		743
Provision for income taxes	183		23		(27)		179
Net income attributable to common shareholders	561		68		(65)		564
Total assets	21,946		1,110		1,338		24,394
Cash paid for capital expenditures	1,303		7		4		1,314

	As of or for the Nine Months Ended September 30, 2019
	Regulated Businesses		Market-Based Businesses		Other		Consolidated
Operating revenues	$	2,323	$	402	$	(17)	$	2,708
Depreciation and amortization	394		26		10		430
Total operating expenses, net	1,455		322		(15)		1,762
Interest, net	(221)		3		(66)		(284)
Income before income taxes	671		86		(60)		697
Provision for income taxes	169		22		(17)		174
Net income attributable to common shareholders	502		64		(43)		523
Total assets	19,787		1,060		1,391		22,238
Cash paid for capital expenditures	1,092		10		13		1,115