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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 125 $ 230
Investment in equity securities 720 1,439
Accounts receivable, less allowance for credit losses 943 690
Accrued unbilled revenues, less allowance for credit losses 432 513
Natural gas and coal inventory 54 186
Materials and supplies 458 422
Non-trading derivative assets 33 9
Taxes receivable 0 1
Current assets held for sale 0 2,338
Regulatory assets 1,323 1,395
Prepaid expenses and other current assets 100 132
Total current assets 4,188 7,355
Property, Plant and Equipment:    
Property, plant and equipment 34,495 33,673
Less: accumulated depreciation and amortization 10,282 10,189
Property, plant and equipment, net 24,213 23,484
Other Assets:    
Goodwill 4,294 4,294
Regulatory assets 2,270 2,321
Non-trading derivative assets 6 5
Other non-current assets 231 220
Total other assets 6,801 6,840
Total Assets 35,202 37,679
Current Liabilities:    
Short-term borrowings 0 7
Current portion of VIE Securitization Bonds long-term debt 182 220
Indexed debt, net 9 10
Current portion of other long-term debt 1,582 308
Indexed debt securities derivative 797 903
Accounts payable 1,036 1,196
Taxes accrued 489 378
Interest accrued 116 136
Dividends accrued 0 131
Customer deposits 110 111
Non-trading derivative liabilities 1 2
Current liabilities held for sale 0 562
Other current liabilities 283 323
Total current liabilities 4,605 4,287
Other Liabilities:    
Deferred income taxes, net 3,951 3,904
Non-trading derivative liabilities 5 12
Benefit obligations 499 511
Regulatory liabilities 3,250 3,153
Other non-current liabilities 834 836
Total other liabilities 8,539 8,416
Long-term Debt:    
VIE Securitization Bonds, net 317 317
Other long-term debt, net 11,789 15,241
Total long-term debt, net 12,106 15,558
Commitments and Contingencies (Note 13)
Temporary Equity (Note 18) 1 3
Shareholders’ Equity:    
Preferred stock 790 790
Common stock 6 6
Additional paid-in capital 8,532 8,529
Retained earnings 685 154
Accumulated other comprehensive income (62) (64)
Total shareholders’ equity 9,951 9,415
Total Liabilities and Shareholders’ Equity 35,202 37,679
Variable Interest Entity, Primary Beneficiary    
Current Assets:    
Cash and cash equivalents 104 92
Accounts receivable, less allowance for credit losses 29 29
Prepaid expenses and other current assets 18 19
Other Assets:    
Regulatory assets $ 372 $ 420