Segment and Related Information

3 Months Ended

Mar. 31, 2018

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2017 Form 10-K for a discussion of reportable segments and related information.

Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended March 31 are as follows:



	Three Months
	2018			2017
Operating Revenues from external customers
U.K. Regulated	$	615		$	568
Kentucky Regulated	872			809
Pennsylvania Regulated	639			573
Corporate and Other	—			1
Total	$	2,126		$	1,951

Net Income
U.K. Regulated (a)	$	197		$	286
Kentucky Regulated	133			95
Pennsylvania Regulated	148			79
Corporate and Other	(26		)	(57		)
Total	$	452		$	403


(a)	Includes unrealized gains and losses from hedging foreign currency economic activity. See Note 14 for additional information.

The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:



	March 31, 2018		December 31, 2017
Assets
U.K. Regulated (a)	$	17,444	$	16,813
Kentucky Regulated	14,500		14,468
Pennsylvania Regulated	10,356		10,082
Corporate and Other (b)	88		116
Total	$	42,388	$	41,479


(a)	Includes $12.9 billion and $12.5 billion of net PP&E as of March 31, 2018 and December 31, 2017. WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP.


(b)	Primarily consists of unallocated items, including cash, PP&E and the elimination of inter-segment transactions.

(PPL Electric, LKE, LG&E and KU)

PPL Electric has two operating segments that are aggregated into a single reportable segment. LKE, LG&E and KU are individually single operating and reportable segments.