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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 632 $ 400
Restricted cash and cash equivalents (Note 16) 483 501
Accounts receivable, net (Note 4) 151 137
Inventory, net (Note 6) 280 375
Derivative instruments (Notes 3 and 12) 27 89
Other current assets [1] 380 52
Total current assets 1,953 1,554
Property, plant and equipment, net (Note 8) 3,250 3,839
Nuclear decommissioning trust funds (Notes 7 and 12) 1,659 1,575
Derivative instruments (Notes 3 and 12) 13 6
Other noncurrent assets 207 147
Total Assets 7,082 7,121
Liabilities and Equity    
Long-term debt, due within one year (Notes 11 and 12) 9 9
Accrued interest 31 32
Accounts payable and other accrued liabilities 212 344
Derivative instruments (Notes 3 and 12) 63 32
Other current liabilities 118 69
Total current liabilities 433 486
Long-term debt (Notes 11 and 12) 2,617 2,811
Derivative instruments (Notes 3 and 12) 1 11
Postretirement benefit obligations (Note 13) 364 368
Asset retirement obligations and accrued environmental costs (Note 9) 473 469
Deferred income taxes (Note 5) 495 407
Other noncurrent liabilities 127 35
Total Liabilities 4,510 4,587
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Common stock ($0.001 par value 350,000,000 shares authorized) [2],[3] 0 0
Additional paid-in capital 2,092 2,346
Accumulated retained earnings (deficit) 448 134
Accumulated other comprehensive income (loss) (29) (23)
Total Stockholders’ Equity 2,511 2,457
Noncontrolling interests 61 77
Total Equity 2,572 2,534
Total Liabilities and Equity $ 7,082 $ 7,121
[1] Includes $300 million of proceeds from the Cumulus Data Campus Sale held in escrow.
[2] As of June 30, 2024 (Successor): 53,259,981 shares issued, 53,254,954 shares outstanding, and 5,027 shares held as treasury stock.
[3] As of December 31, 2023 (Successor): 59,028,843 shares issued and outstanding.