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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Property, plant and equipment $ 27,413 $ 25,614
Accumulated depreciation (6,329) (5,904)
Property, plant and equipment, net 21,084 19,710
Current assets:    
Cash and cash equivalents 116 547
Restricted funds 20 29
Accounts receivable, net of allowance for uncollectible accounts of $75 and $60, respectively 271 321
Unbilled revenues 248 206
Materials and supplies 57 47
Assets held for sale 683 629
Other 159 127
Total current assets 1,554 1,906
Regulatory and other long-term assets:    
Regulatory assets 1,051 1,127
Seller promissory note from the sale of the Homeowner Services Group 720 0
Operating lease right-of-use assets 92 95
Goodwill 1,139 1,504
Postretirement benefit assets 193 173
Intangible assets 0 55
Other 242 196
Total regulatory and other long-term assets 3,437 3,150
Total assets 26,075 24,766
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 186,880,413 and 186,466,707 shares issued, respectively) 2 2
Paid-in-capital 6,781 6,747
Retained earnings 925 102
Accumulated other comprehensive loss (45) (49)
Treasury stock, at cost (5,269,324 and 5,168,215 shares, respectively) (365) (348)
Total common shareholders' equity 7,298 6,454
Long-term debt 10,341 9,329
Redeemable preferred stock at redemption value 3 4
Total long-term debt 10,344 9,333
Total capitalization 17,642 15,787
Current liabilities:    
Short-term debt 584 1,282
Current portion of long-term debt 57 329
Accounts payable 235 189
Accrued liabilities 701 591
Accrued taxes 176 50
Accrued interest 88 88
Liabilities related to assets held for sale 83 137
Other 217 215
Total current liabilities 2,141 2,881
Regulatory and other long-term liabilities:    
Advances for construction 284 270
Deferred income taxes and investment tax credits 2,421 2,113
Regulatory liabilities 1,600 1,770
Operating lease liabilities 80 81
Accrued pension expense 285 388
Other 180 83
Total regulatory and other long-term liabilities 4,850 4,705
Contributions in aid of construction 1,442 1,393
Commitments and contingencies
Total capitalization and liabilities $ 26,075 $ 24,766