Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2016

Financial data for the segments for the years ended December 31 are as follows:



	2016			2015			2014
Income Statement Data
Operating Revenues from external customers (a)
U.K. Regulated	$	2,207		$	2,410		$	2,621
Kentucky Regulated	3,141			3,115			3,168
Pennsylvania Regulated	2,156			2,124			2,044
Corporate and Other	13			20			19
Total	$	7,517		$	7,669		$	7,852

Depreciation
U.K. Regulated	$	233		$	242		$	337
Kentucky Regulated	404			382			354
Pennsylvania Regulated	253			214			185
Corporate and Other	36			45			47
Total	$	926		$	883		$	923

Amortization (b)
U.K. Regulated	$	16		$	6		$	17
Kentucky Regulated	29			27			25
Pennsylvania Regulated	32			26			19
Corporate and Other	3			—			4
Total	$	80		$	59		$	65

Unrealized (gains) losses on derivatives and other hedging activities (c)
U.K. Regulated	$	13		$	(88	)	$	(199	)
Kentucky Regulated	6			11			12
Total	$	19		$	(77	)	$	(187	)

Interest Expense
U.K. Regulated	$	402		$	417		$	461
Kentucky Regulated	260			232			219
Pennsylvania Regulated	129			130			122
Corporate and Other	97			92			41
Total	$	888		$	871		$	843

Income from Continuing Operations Before Income Taxes
U.K. Regulated	$	1,479		$	1,249		$	1,311
Kentucky Regulated	640			547			501
Pennsylvania Regulated	550			416			423
Corporate and Other (d)	(119		)	(144		)	(106		)
Total	$	2,550		$	2,068		$	2,129



	2016			2015			2014

Income Taxes (e)
U.K. Regulated	$	233		$	128		$	329
Kentucky Regulated	242			221			189
Pennsylvania Regulated	212			164			160
Corporate and Other (d)	(39		)	(48		)	14
Total	$	648		$	465		$	692

Deferred income taxes and investment tax credits (f)
U.K. Regulated	$	31		$	45		$	94
Kentucky Regulated	291			236			449
Pennsylvania Regulated	221			220			87
Corporate and Other (d)	17			(73		)	36
Total	$	560		$	428		$	666

Net Income
U.K. Regulated	$	1,246		$	1,121		$	982
Kentucky Regulated	398			326			312
Pennsylvania Regulated	338			252			263
Corporate and Other (d)	(80		)	(96		)	(120		)
Discontinued Operations (g)	—			(921		)	300
Total	$	1,902		$	682		$	1,737



	2016		2015		2014
Cash Flow Data
Expenditures for long-lived assets
U.K. Regulated	$	1,031	$	1,242	$	1,438
Kentucky Regulated	791		1,210		1,262
Pennsylvania Regulated	1,134		1,107		957
Corporate and Other	1		11		66
Total	$	2,957	$	3,570	$	3,723


(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, debt issuance costs, emission allowances and RECs.


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


(d)	2015 and 2014 include certain costs related to the spinoff of PPL Energy Supply, including deferred income tax expense, transition costs and separation benefits for PPL Services employees. See Note 8 for additional information.


(e)	Represents both current and deferred income taxes, including investment tax credits.


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


(g)	2015 includes an $879 million loss on the spinoff of PPL Energy Supply and five months of Supply segment earnings. 2014 includes a gain of $237 million ($137 million after-tax) on the sale of the Montana hydroelectric generating facilities. See Note 8 for additional information on these transactions.


(h)	Includes $10.8 billion and $12.2 billion of net PP&E as of December 31, 2016 and December 31, 2015. WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP.


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

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



	2016		2015		2014
Geographic Data
Revenues from external customers
U.K.	$	2,207	$	2,410	$	2,621
U.S.	5,310		5,259		5,231
Total	$	7,517	$	7,669	$	7,852

Financial data for the segments for the years ended December 31 are as follows:


(h)	Includes $10.8 billion and $12.2 billion of net PP&E as of December 31, 2016 and December 31, 2015. WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP.