Segment and Related Information

6 Months Ended

Jun. 30, 2019

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2018 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 June 30 are as follows:



	Three Months						Six Months
	2019			2018			2019			2018
Operating Revenues from external customers
U.K. Regulated	$	541		$	584		$	1,124		$	1,199
Kentucky Regulated	732			743			1,577			1,615
Pennsylvania Regulated	521			517			1,166			1,156
Corporate and Other	9			4			15			4
Total	$	1,803		$	1,848		$	3,882		$	3,974

Net Income
U.K. Regulated (a)	$	284		$	394		$	548		$	591
Kentucky Regulated	97			77			214			210
Pennsylvania Regulated	94			75			215			223
Corporate and Other	(34		)	(31		)	(70		)	(57		)
Total	$	441		$	515		$	907		$	967


(a)	Includes unrealized gains and losses from hedging foreign currency economic activity. See Note 15 for additional information.

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



	June 30, 2019		December 31, 2018
Assets
U.K. Regulated (a)	$	17,134	$	16,700
Kentucky Regulated	15,296		15,078
Pennsylvania Regulated	11,371		11,257
Corporate and Other (b)	403		361
Total	$	44,204	$	43,396


(a)	Includes $12.6 billion and $12.4 billion of net PP&E as of June 30, 2019 and December 31, 2018. 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.

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

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