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Supplemental Financial Information (Tables)
 6 Months Ended
Jun. 30, 2022
Supplemental Financial Information [Abstract]  
Supplemental Statement of Operations Information
The following tables provide additional information about material items recorded within our Consolidated Statements of Operations and Comprehensive Income.
Operating revenues
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease income$13 $12 $17 $15 
Variable lease income71 74 127 137 
Taxes other than income taxes
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Gross receipts(a)
$31 $22 $61 $46 
Property69 66 138 133 
Payroll30 30 63 58 
__________
(a)Represent gross receipts taxes related to our retail operations. The offsetting collection of gross receipts taxes from customers is recorded in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
Schedule of Other Nonoperating Income, by Component
Other, net
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Decommissioning-related activities:
Net realized income on NDT funds(a)
Regulatory Agreement Units$97 $144 $271 $435 
Non-Regulatory Agreement Units15 87 100 290 
Net unrealized (losses) gains on NDT funds
Regulatory Agreement Units(853)361 (1,390)279 
Non-Regulatory Agreement Units(515)193 (852)126 
Regulatory offset to NDT fund-related activities(b)
607 (402)899 (569)
Decommissioning-related activities(649)383 (972)561 
Non-service net periodic benefit credit(c)
33 — 52 — 
Net unrealized (losses) gains from equity investments(d)
(5)119 (25)96 
Return to provision adjustment(e)
(58)— (58)— 
__________
(a)Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments.
(b)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units except for decommissioning-related impacts that were not offset for the Byron units starting in the second quarter of 2021, including the elimination of income taxes related to all NDT fund activity for those units. With our September 15, 2021 reversal of the previous decision to retire Byron, we resumed contractual offset for Byron as of that date. See Note 10 — Asset Retirement Obligations of our 2021 Form 10-K for additional information regarding the accounting for nuclear decommissioning and the contractual offset suspension for the Byron units.
(c)Historically, we were allocated our portion of pension and OPEB non-service credits (costs) from Exelon, which was included in Operating and maintenance expense. Effective February 1, 2022, the non-service credit (cost) components will now be included in Other, net, in accordance with single employer plan accounting. See Note 11 — Retirement Benefits for additional information.
(d)Net unrealized (losses) gains from equity investments that became publicly traded in the fourth quarter of 2020 and the first half of 2021.
(e)This reflects amounts contractually owed to Exelon under the tax matters agreement, which is offset in Income taxes.
Cash Flow Supplemental Disclosures
The following tables provide additional information about material items recorded within our Consolidated Statements of Cash Flows.
Depreciation, amortization and accretion
Six Months Ended June 30,
20222021
Property, plant, and equipment(a)
$542 $1,844 
Amortization of intangible assets, net(a)
15 25 
Amortization of energy contract assets and liabilities(b)
17 13 
Nuclear fuel(c)
367 549 
ARO accretion(d)
266 255 
Total depreciation, amortization, and accretion$1,207 $2,686 
__________
(a)Included in Depreciation and amortization expense in the Consolidated Statements of Operations and Comprehensive Income.
(b)Included in Operating revenues or Purchased power and fuel expense in the Consolidated Statements of Operations and Comprehensive Income.
(c)Included in Purchased power and fuel expense in the Consolidated Statements of Operations and Comprehensive Income.
(d)Included in Operating and maintenance expense in the Consolidated Statements of Operations and Comprehensive Income.
Other non-cash operating activities
CEG ParentConstellation
Six Months Ended June 30,Six Months Ended June 30,
2022202120222021
Pension and non-pension postretirement benefit costs$9 $56 $9 $56 
Allowance for credit losses3 46 3 46 
Other decommissioning-related activity(a)
107 (636)107 (636)
Energy-related options(b)
211 20 211 20 
Long-term incentive plan32 — — — 
Amortization of operating ROU asset33 51 33 51 
Fair value adjustments related to gas imbalances41 — 41 — 
__________
(a)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units except for decommissioning-related impacts that were not offset for the Byron units starting in the second quarter of 2021, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income, and income taxes related to all NDT fund activity for these units. With our September 15, 2021 reversal of the previous decision to retire Byron, we resumed contractual offset for Byron as of that date. See Note 10 — Asset Retirement Obligations of our 2021 Form 10-K for additional information regarding the accounting for nuclear decommissioning and the contractual offset suspension for the Byron units.
(b)Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.
The following table provides a reconciliation of cash, restricted cash, and cash equivalents reported within our Consolidated Balance Sheets that sum to the total of the same amounts in the Consolidated Statements of Cash Flows.
CEG ParentConstellation
June 30, 2022
Cash and cash equivalents$806 $803 
Restricted cash and cash equivalents120 67 
Total cash, restricted cash, and cash equivalents$926 $870 
December 31, 2021
Cash and cash equivalents$504 $504 
Restricted cash and cash equivalents72 72 
Total cash, restricted cash, and cash equivalents$576 $576 
June 30, 2021
Cash and cash equivalents$542 $542 
Restricted cash and cash equivalents59 59 
Total cash, restricted cash, and cash equivalents$601 $601 
December 31, 2020
Cash and cash equivalents$226 $226 
Restricted cash and cash equivalents89 89 
Cash, restricted cash, and cash equivalents - Held for Sale12 12 
Total cash, restricted cash, and cash equivalents$327 $327 
Supplemental Balance Sheet Information
The following table provides additional information about material items recorded within our Consolidated Balance Sheets.
Accrued expenses
June 30, 2022CEG ParentConstellation
Compensation-related accruals(a)
$296 $270 
Taxes accrued349 349 
December 31, 2021
Compensation-related accruals(a)
$356 $356 
Taxes accrued272 272 
__________
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.