Segment and Related Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment and Related Information

Segment and Related Information

(PPL)

See Note 2 in PPL's 2015 Form 10-K for a discussion of reportable segments and related information.

Financial data for the segments and reconciliation to PPL's consolidated results for the periods ended September 30 are:

	Three Months						Nine Months
	2016			2015			2016			2015
Income Statement Data
Revenues from external customers
U.K. Regulated	$	515		$	552		$	1,673		$	1,836
Kentucky Regulated	835			801			2,382			2,414
Pennsylvania Regulated	539			519			1,619			1,625
Corporate and Other	—			6			11			14
Total	$	1,889		$	1,878		$	5,685		$	5,889
Net Income
U.K. Regulated (a)	$	281		$	249		$	915		$	814
Kentucky Regulated	126			111			314			267
Pennsylvania Regulated	91			55			263			191
Corporate and Other (b)	(25		)	(19		)	(55		)	(74		)
Discontinued Operations (c)	—			(3		)	—			(915		)
Total	$	473		$	393		$	1,437		$	283

	September 30, 2016		December 31, 2015
Balance Sheet Data
Assets
U.K. Regulated (d)	$	15,014	$	16,669
Kentucky Regulated	13,853		13,756
Pennsylvania Regulated	9,070		8,511
Corporate and Other (e)	101		365
Total assets	$	38,038	$	39,301

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

(b) The nine months ended September 30, 2015 includes transition costs to prepare the Talen Energy organization for the June 1, 2015 spinoff and reconfigure the remaining PPL Services functions. See Note 8 for additional information.

(c) See Note 8 for additional information.

(d) Includes $11.1 billion and $12.2 billion of net PP&E as of September 30, 2016 and December 31, 2015. WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP.

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