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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Information
Segment information as of and for the three months ended March 31, 2020, consisted of:
Three Months Ended March 31, 2020
 
Networks
 
Renewables
 
Other (a)
 
AVANGRID Consolidated
(Millions)
 
 

 
 

 
 

 
 

Revenue - external
 
$
1,461

 
$
328

 
$
—

 
$
1,789

Depreciation and amortization
 
148

 
103

 
—

 
251

Operating income
 
309

 
13

 
5

 
327

Earnings (losses) from equity method investments
 
2

 
(8
)
 
—

 
(6
)
Interest expense, net of capitalization
 
68

 
1

 
7

 
76

Income tax expense (benefit)
 
43

 
(30
)
 
(1
)
 
12

Adjusted net income
 
198

 
46

 
(8
)
 
236

Capital expenditures
 
437

 
305

 
—

 
742

As of March 31, 2020
 
 
 
 
 
 
 
 
Property, plant and equipment
 
16,036

 
9,442

 
10

 
25,488

Equity method investments
 
138

 
518

 
—

 
656

Total assets
 
$
23,355

 
$
11,942

 
$
(704
)
 
$
34,593

(a) Includes Corporate and intersegment eliminations.
Segment information for the three months ended March 31, 2019 and as of December 31, 2019, consisted of:
Three Months Ended March 31, 2019
 
Networks
 
Renewables
 
Other (a)
 
AVANGRID
Consolidated
(Millions)
 
 

 
 

 
 

 
 

Revenue - external
 
$
1,600

 
$
242

 
$
—

 
$
1,842

Revenue - intersegment
 
4

 
—

 
(4
)
 
—

Depreciation and amortization
 
134

 
88

 
—

 
222

Operating income (loss)
 
331

 
13

 
(3
)
 
341

Earnings (losses) from equity method investments
 
3

 
(2
)
 
—

 
1

Interest expense, net of capitalization
 
68

 
4

 
6

 
78

Income tax expense (benefit)
 
64

 
1

 
(24
)
 
41

Adjusted net income
 
201

 
5

 
13

 
219

Capital expenditures
 
324

 
101

 
—

 
425

As of December 31, 2019
 
 

 
 

 
 

 
 

Property, plant and equipment
 
15,840

 
9,368

 
10

 
25,218

Equity method investments
 
139

 
506

 
—

 
645

Total assets
 
$
23,250

 
$
13,163

 
$
(1,997
)
 
$
34,416

(a) Includes Corporate and intersegment eliminations.
Schedule of Reconciliation of Adjusted Net Income to Net Income
Reconciliation of Adjusted Net Income to Net Income attributable to AVANGRID for the three months ended March 31, 2020 and 2019, respectively, is as follows:
 
 
Three Months Ended March 31,
 
 
2020
 
2019
(Millions)
 
 

 
 

Adjusted Net Income Attributable to Avangrid, Inc.
 
$
236

 
$
219

Adjustments:
 
 
 
 
Mark-to-market earnings - Renewables (1)
 
18

 
3

Restructuring charges (2)
 
(3
)
 
—

Accelerated depreciation from repowering (3)
 
(10
)
 
(5
)
Income tax impact of adjustments
 
(2
)
 
—

Net Income Attributable to Avangrid, Inc.
 
$
240

 
$
217

(1)
Mark-to-market earnings relates to earnings impacts from changes in the fair value of Renewables' derivative instruments associated with electricity and natural gas.
(2)
Restructuring and severance related charges relate to costs to implement an initiative to mitigate costs and achieve sustainable growth.
(3)
Represents the amount of accelerated depreciation derived from repowering of wind farms in Renewables.