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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Property, plant and equipment $ 29,736 $ 27,413
Accumulated depreciation (6,513) (6,329)
Property, plant and equipment, net 23,223 21,084
Current assets:    
Cash and cash equivalents 85 116
Restricted funds 32 20
Accounts receivable, net of allowance for uncollectible accounts of $60 and $75, respectively 334 271
Income tax receivable 114 4
Unbilled revenues 275 248
Materials and supplies 98 57
Assets held for sale 0 683
Other 312 155
Total current assets 1,250 1,554
Regulatory and other long-term assets:    
Regulatory assets 990 1,051
Seller promissory note from the sale of the Homeowner Services Group 720 720
Operating lease right-of-use assets 82 92
Goodwill 1,143 1,139
Postretirement benefit assets 0 193
Other 379 242
Total regulatory and other long-term assets 3,314 3,437
Total assets 27,787 26,075
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 187,200,539 and 186,880,413 shares issued, respectively) 2 2
Paid-in-capital 6,824 6,781
Retained earnings 1,267 925
Accumulated other comprehensive loss (23) (45)
Treasury stock, at cost (5,342,477 and 5,269,324 shares, respectively) (377) (365)
Total common shareholders' equity 7,693 7,298
Long-term debt 10,926 10,341
Redeemable preferred stock at redemption value 3 3
Total long-term debt 10,929 10,344
Total capitalization 18,622 17,642
Current liabilities:    
Short-term debt 1,175 584
Current portion of long-term debt 281 57
Accounts payable 254 235
Accrued liabilities 706 701
Accrued taxes 49 176
Accrued interest 91 88
Liabilities related to assets held for sale 0 83
Other 255 217
Total current liabilities 2,811 2,141
Regulatory and other long-term liabilities:    
Advances for construction 316 284
Deferred income taxes and investment tax credits 2,437 2,421
Regulatory liabilities 1,590 1,600
Operating lease liabilities 70 80
Accrued pension expense 235 285
Other 202 180
Total regulatory and other long-term liabilities 4,850 4,850
Contributions in aid of construction 1,504 1,442
Commitments and contingencies
Total capitalization and liabilities $ 27,787 $ 26,075