Held-for-Sale Treatment of the Clean Energy Businesses (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

	Clean Energy Businesses
(Millions of Dollars)	2022	2021	2020
Pre-tax operating income	$466	$310	$68
Pre-tax operating income, excluding non-controlling interest	406	158	23

The Clean Energy Business represent a reportable segment. See Note P. At December 31, 2022, the carrying amounts of the major classes of assets and liabilities of the Clean Energy Businesses that are expected to be sold are presented on a held-for-sale basis, and accordingly exclude certain intercompany and net deferred tax liability balances, as follows:

(Millions of Dollars)	December 31, 2022
ASSETS
CURRENT ASSETS
Cash and temporary cash investments	$25
Accounts receivable and other receivables - net allowance for uncollectible accounts	319
Accrued unbilled revenue	51
Fuel oil, gas in storage, materials and supplies, at average cost	56
Restricted cash	223
Fair value of derivatives assets	84
Prepayments	35
Other current assets	24
TOTAL CURRENT ASSETS	817
NON-UTILITY PLANT
Non-utility property, net accumulated depreciation	4,197
Construction work in progress	522
NET PLANT	4,719
OTHER NONCURRENT ASSETS
Goodwill	31
Intangible assets, less accumulated amortization	1,222
Operating lease right-of-use asset	266
Fair value of derivatives assets	93
Other deferred charges and noncurrent assets	14
TOTAL OTHER NONCURRENT ASSETS	1,626
TOTAL ASSETS	$7,162

(a) Not included in the fair value of derivative assets above is $2 million related to an intercompany amount with CECONY, which amount is eliminated in consolidation. See Note U as that amount is governed by derivative agreements, it will remain an asset of the Clean Energy Businesses following the expected close of the sale transaction.

(Millions of Dollars)	December 31, 2022
LIABILITIES
CURRENT LIABILITIES
Long-term debt due within one year	$353
Term loan	150
Accounts payable	326
Operating lease liabilities	33
Accrued Interest	40
Other current liabilities	71
TOTAL CURRENT LIABILITIES	973
NONCURRENT LIABILITIES
Asset retirement obligations	77
Operating lease liabilities	248
Other deferred credits and noncurrent liabilities	20
TOTAL NONCURRENT LIABILITIES	345
LONG-TERM DEBT	2,292
TOTAL LIABILITIES	$3,610