Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2018

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



	2018			2017			2016
Operating Revenues from external customers (a)
U.K. Regulated	$	2,268		$	2,091		$	2,207
Kentucky Regulated	3,214			3,156			3,141
Pennsylvania Regulated	2,277			2,195			2,156
Corporate and Other	26			5			13
Total	$	7,785		$	7,447		$	7,517

Depreciation
U.K. Regulated	$	247		$	230		$	233
Kentucky Regulated	475			439			404
Pennsylvania Regulated	352			309			253
Corporate and Other	20			30			36
Total	$	1,094		$	1,008		$	926

Amortization (b)
U.K. Regulated	$	34		$	34		$	16
Kentucky Regulated	18			24			29
Pennsylvania Regulated	22			33			32
Corporate and Other	4			6			3
Total	$	78		$	97		$	80

Unrealized (gains) losses on derivatives and other hedging activities (c)
U.K. Regulated	$	(190	)	$	166		$	13
Kentucky Regulated	6			6			6
Corporate and Other	(2		)	6			—
Total	$	(186	)	$	178		$	19

Interest Expense
U.K. Regulated	$	413		$	397		$	402
Kentucky Regulated	274			261			260
Pennsylvania Regulated	159			142			129
Corporate and Other	117			101			97
Total	$	963		$	901		$	888

Income Before Income Taxes
U.K. Regulated	$	1,339		$	804		$	1,479
Kentucky Regulated	531			645			640
Pennsylvania Regulated	567			575			550
Corporate and Other	(152		)	(112		)	(119		)
Total	$	2,285		$	1,912		$	2,550



	2018			2017			2016

Income Taxes (d)
U.K. Regulated	$	225		$	152		$	233
Kentucky Regulated	120			359			242
Pennsylvania Regulated	136			216			212
Corporate and Other	(23		)	57			(39		)
Total	$	458		$	784		$	648

Deferred income taxes and investment tax credits (e)
U.K. Regulated	$	118		$	66		$	31
Kentucky Regulated	94			294			291
Pennsylvania Regulated	125			257			221
Corporate and Other	18			90			17
Total	$	355		$	707		$	560

Net Income
U.K. Regulated	$	1,114		$	652		$	1,246
Kentucky Regulated	411			286			398
Pennsylvania Regulated	431			359			338
Corporate and Other	(129		)	(169		)	(80		)
Total	$	1,827		$	1,128		$	1,902


(a)	See Note 1 for additional information on Operating Revenues.


(b)	Represents non-cash expense items that include amortization of regulatory assets, debt discounts and premiums and debt issuance costs.


(c)	Includes unrealized gains and losses from economic activity. See Note 17 for additional information.


(d)	Represents both current and deferred income taxes, including investment tax credits. See Note 6 for additional information on the impact of the TCJA in 2018 and 2017.


(e)	Represents a non-cash expense item that is also included in "Income Taxes."

Cash Flow data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:



	2018		2017		2016
Expenditures for long-lived assets
U.K. Regulated	$	954	$	1,015	$	1,031
Kentucky Regulated	1,117		892		791
Pennsylvania Regulated	1,196		1,254		1,134
Corporate and Other	1		10		1
Total	$	3,268	$	3,171	$	2,957

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


(a)	Includes $12.4 billion and $12.5 billion of net PP&E as of December 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, goodwill, the elimination of inter-segment transactions as well as the assets of Safari Energy.

Geographic data for the years ended December 31 are as follows:



	2018		2017		2016
Revenues from external customers
U.K.	$	2,268	$	2,091	$	2,207
U.S.	5,517		5,356		5,310
Total	$	7,785	$	7,447	$	7,517

Geographic data for the years ended December 31 are as follows: