Segment and Related Information

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment and Related Information

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2017 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 September 30 are as follows:

	Three Months					Nine Months
	2018			2017		2018			2017
Operating Revenues from external customers
U.K. Regulated	$	517		$	477	$	1,716		$	1,547
Kentucky Regulated	802			818		2,417			2,350
Pennsylvania Regulated	548			547		1,704			1,620
Corporate and Other	5			3		9			4
Total	$	1,872		$	1,845	$	5,846		$	5,521
Net Income
U.K. Regulated (a)	$	245		$	126	$	836		$	560
Kentucky Regulated	122			125		332			299
Pennsylvania Regulated	112			95		335			251
Corporate and Other	(34		)	9		(91		)	(60		)
Total	$	445		$	355	$	1,412		$	1,050

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

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

	September 30, 2018		December 31, 2017
Assets
U.K. Regulated (a)	$	16,823	$	16,813
Kentucky Regulated	14,754		14,468
Pennsylvania Regulated	11,110		10,082
Corporate and Other (b)	355		116
Total	$	43,042	$	41,479

(a) Includes $12.4 billion and $12.5 billion of net PP&E as of September 30, 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 and the elimination of inter-segment transactions.

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

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