Segment and Related Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment and Related Information

Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended September 30 are as follows:

	Three Months				Nine Months
	2020		2019		2020		2019
Operating Revenues from external customers
U.K. Regulated	$	485	$	491	$	1,575	$	1,615
Kentucky Regulated	806		844		2,331		2,421
Pennsylvania Regulated	586		590		1,748		1,756
Corporate and Other	8		8		24		23
Total	$	1,885	$	1,933	$	5,678	$	5,815
Net Income
U.K. Regulated (a)	$	55	$	236	$	574	$	784
Kentucky Regulated	129		150		330		364
Pennsylvania Regulated	135		118		371		333
Corporate and Other	(38)		(29)		(96)		(99)
Total	$	281	$	475	$	1,179	$	1,382

(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:

	September 30, 2020		December 31, 2019
Assets
U.K. Regulated (a) (b)	$	19,183	$	17,622
Kentucky Regulated	15,754		15,597
Pennsylvania Regulated	12,225		11,918
Corporate and Other (c)	762		543
Total	$	47,924	$	45,680

(a)Includes $14.2 billion and $13.2 billion of net PP&E as of September 30, 2020 and December 31, 2019. WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP.

(b)Includes $2.6 billion and $2.5 billion of goodwill as of September 30, 2020 and December 31, 2019. The change is due to the effect of foreign currency exchange rates.

(c)Primarily consists of unallocated items, including cash, PP&E, goodwill, the elimination of inter-segment transactions as well as the assets of Safari Energy.