Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2019

Income Statement data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:



	2019			2018			2017
Operating Revenues from external customers (a)
U.K. Regulated	$	2,167		$	2,268		$	2,091
Kentucky Regulated	3,206			3,214			3,156
Pennsylvania Regulated	2,358			2,277			2,195
Corporate and Other	38			26			5
Total	$	7,769		$	7,785		$	7,447

Depreciation
U.K. Regulated	$	250		$	247		$	230
Kentucky Regulated	547			475			439
Pennsylvania Regulated	386			352			309
Corporate and Other	16			20			30
Total	$	1,199		$	1,094		$	1,008

Amortization (b)
U.K. Regulated	$	25		$	34		$	34
Kentucky Regulated	27			18			24
Pennsylvania Regulated	24			22			33
Corporate and Other	5			4			6
Total	$	81		$	78		$	97

Unrealized (gains) losses on derivatives and other hedging activities (c)
U.K. Regulated	$	62		$	(190	)	$	166
Kentucky Regulated	6			6			6
Corporate and Other	5			(2		)	6
Total	$	73		$	(186	)	$	178

Interest Expense
U.K. Regulated	$	405		$	413		$	397
Kentucky Regulated	298			274			261
Pennsylvania Regulated	169			159			142
Corporate and Other	122			117			101
Total	$	994		$	963		$	901

Income Before Income Taxes
U.K. Regulated	$	1,169		$	1,339		$	804
Kentucky Regulated	530			531			645
Pennsylvania Regulated	607			567			575
Corporate and Other	(151		)	(152		)	(112		)
Total	$	2,155		$	2,285		$	1,912

Income Taxes (d)
U.K. Regulated	$	192		$	225		$	152
Kentucky Regulated	94			120			359
Pennsylvania Regulated	149			136			216
Corporate and Other	(26		)	(23		)	57
Total	$	409		$	458		$	784

Deferred income taxes and investment tax credits (e)
U.K. Regulated	$	140		$	118		$	66
Kentucky Regulated	82			94			294
Pennsylvania Regulated	90			125			257
Corporate and Other	(3		)	18			90
Total	$	309		$	355		$	707


(a)	See Note 1 and Note 3 for additional information on Operating Revenues.


(b)	Represents non-cash expense items that include amortization of operating lease right-of-use assets, regulatory assets, debt discounts and premiums and debt issuance costs.


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


(d)	Represents both current and deferred income taxes, including investment tax credits. See Note 6 for additional information on the impact of the TCJA in 2018 and 2017.


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

Cash Flow data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:



	2019		2018		2017
Expenditures for long-lived assets
U.K. Regulated	$	857	$	954	$	1,015
Kentucky Regulated	1,097		1,117		892
Pennsylvania Regulated	1,121		1,196		1,254
Corporate and Other	32		1		10
Total	$	3,107	$	3,268	$	3,171

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


(a)	Includes $13.2 billion and $12.4 billion of net PP&E as of December 31, 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.

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



	2019		2018		2017
Revenues from external customers
U.K.	$	2,167	$	2,268	$	2,091
U.S.	5,602		5,517		5,356
Total	$	7,769	$	7,785	$	7,447

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