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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Electric utility $ 995 $ 1,039 $ 2,562 $ 2,624
Gas utility 47 62 400 418
Other utility 13 11 38 35
Non-utility 22 23 66 70
Total revenues 1,077 1,135 3,066 3,147
Operating expenses:        
Electric production fuel and purchased power 231 274 553 633
Electric transmission service 154 157 438 428
Cost of gas sold 12 26 226 242
Other operation and maintenance 160 172 499 492
Depreciation and amortization 170 169 503 501
Taxes other than income taxes 28 28 87 82
Total operating expenses 755 826 2,306 2,378
Operating income 322 309 760 769
Other (income) and deductions:        
Interest expense 99 83 289 235
Equity income from unconsolidated investments, net (14) (5) (45) (37)
Allowance for funds used during construction (28) (10) (71) (34)
Other 1 0 2 0
Total other (income) and deductions 58 68 175 164
Income before income taxes 264 241 585 605
Income tax expense (benefit) 5 14 3 26
Net income     582 579
Net income attributable to common shareowners $ 259 $ 227 $ 582 $ 579
Weighted average number of common shares outstanding:        
Basic (in shares) 253,500 251,000 252,100 250,800
Diluted (in shares) 253,800 251,300 252,400 251,100
Earnings per weighted average common share attributable to Alliant Energy common shareowners:        
Basic (in dollars per share) $ 1.02 $ 0.90 $ 2.31 $ 2.31
Diluted (in dollars per share) $ 1.02 $ 0.90 $ 2.31 $ 2.31
IPL [Member]        
Revenues:        
Electric utility $ 551 $ 596 $ 1,370 $ 1,438
Gas utility 31 33 224 224
Other utility 12 11 36 34
Total revenues 594 640 1,630 1,696
Operating expenses:        
Electric production fuel and purchased power 99 140 213 290
Electric transmission service 115 115 316 303
Cost of gas sold 12 14 127 126
Other operation and maintenance 84 90 264 260
Depreciation and amortization 97 95 288 285
Taxes other than income taxes 14 15 43 43
Total operating expenses 421 469 1,251 1,307
Operating income 173 171 379 389
Other (income) and deductions:        
Interest expense 38 37 113 111
Allowance for funds used during construction (6) (3) (13) (8)
Other 2 (1) 3 (2)
Total other (income) and deductions 34 33 103 101
Income before income taxes 139 138 276 288
Income tax expense (benefit) (31) (16) (55) (39)
Net income 170 154 331 327
WPL [Member]        
Revenues:        
Electric utility 444 443 1,192 1,186
Gas utility 16 29 176 194
Other utility 1 0 2 1
Total revenues 461 472 1,370 1,381
Operating expenses:        
Electric production fuel and purchased power 132 134 341 343
Electric transmission service 39 42 122 125
Cost of gas sold 0 13 99 117
Other operation and maintenance 64 70 197 193
Depreciation and amortization 71 71 208 211
Taxes other than income taxes 13 11 40 35
Total operating expenses 319 341 1,007 1,024
Operating income 142 131 363 357
Other (income) and deductions:        
Interest expense 38 31 110 86
Allowance for funds used during construction (22) (7) (58) (26)
Other (2) 0 (3) 0
Total other (income) and deductions 14 24 49 60
Income before income taxes 128 107 314 297
Income tax expense (benefit) 21 16 47 50
Net income $ 107 $ 91 $ 267 $ 247