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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Electric utility $ 799 $ 812 $ 1,567 $ 1,586
Gas utility 77 94 353 356
Other utility 13 13 25 23
Non-utility 23 24 45 47
Total revenues 912 943 1,990 2,012
Operating expenses:        
Electric production fuel and purchased power 166 191 322 359
Electric transmission service 138 133 284 271
Cost of gas sold 33 48 215 216
Other operation and maintenance 163 166 338 320
Depreciation and amortization 167 166 333 332
Taxes other than income taxes 28 27 59 54
Total operating expenses 695 731 1,551 1,552
Operating income 217 212 439 460
Other (income) and deductions:        
Interest expense 96 78 190 152
Equity income from unconsolidated investments, net (14) (16) (31) (32)
Allowance for funds used during construction (24) (13) (43) (24)
Other (1) 0 2 1
Total other (income) and deductions 57 49 118 97
Income before income taxes 160 163 321 363
Income tax expense (benefit) 0 4 (2) 12
Net income     323 351
Net income attributable to common shareowners $ 160 $ 159 $ 323 $ 351
Weighted average number of common shares outstanding:        
Basic (in shares) 251,700 250,900 251,400 250,700
Diluted (in shares) 251,900 251,100 251,600 251,000
Earnings per weighted average common share attributable to Alliant Energy common shareowners:        
Basic (in dollars per share) $ 0.64 $ 0.63 $ 1.28 $ 1.40
Diluted (in dollars per share) $ 0.64 $ 0.63 $ 1.28 $ 1.40
IPL [Member]        
Revenues:        
Electric utility $ 431 $ 442 $ 819 $ 843
Gas utility 44 52 194 191
Other utility 12 12 24 22
Total revenues 487 506 1,037 1,056
Operating expenses:        
Electric production fuel and purchased power 66 83 113 150
Electric transmission service 96 91 201 188
Cost of gas sold 20 27 116 112
Other operation and maintenance 85 87 181 171
Depreciation and amortization 96 95 191 189
Taxes other than income taxes 14 14 29 28
Total operating expenses 377 397 831 838
Operating income 110 109 206 218
Other (income) and deductions:        
Interest expense 37 37 74 74
Allowance for funds used during construction (4) (3) (8) (5)
Other 1 0 3 (1)
Total other (income) and deductions 34 34 69 68
Income before income taxes 76 75 137 150
Income tax expense (benefit) (13) (12) (24) (23)
Net income 89 87 161 173
WPL [Member]        
Revenues:        
Electric utility 368 370 748 743
Gas utility 33 42 159 165
Other utility 1 1 1 1
Total revenues 402 413 908 909
Operating expenses:        
Electric production fuel and purchased power 99 108 209 209
Electric transmission service 42 41 83 83
Cost of gas sold 13 21 99 104
Other operation and maintenance 67 67 133 123
Depreciation and amortization 69 69 137 139
Taxes other than income taxes 13 12 27 24
Total operating expenses 303 318 688 682
Operating income 99 95 220 227
Other (income) and deductions:        
Interest expense 36 28 72 55
Allowance for funds used during construction (19) (10) (35) (18)
Other (4) 0 (3) 0
Total other (income) and deductions 13 18 34 37
Income before income taxes 86 77 186 190
Income tax expense (benefit) 14 14 26 34
Net income $ 72 $ 63 $ 160 $ 156