Segment and Related Information

3 Months Ended

Mar. 31, 2020

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2019 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 period ended March 31 are as follows:



	Three Months
	2020			2019
Operating Revenues from external customers
U.K. Regulated	$	614		$	583
Kentucky Regulated	825			845
Pennsylvania Regulated	608			645
Corporate and Other	7			6
Total	$	2,054		$	2,079

Net Income
U.K. Regulated (a)	$	340		$	264
Kentucky Regulated	127			117
Pennsylvania Regulated	118			121
Corporate and Other	(31		)	(36		)
Total	$	554		$	466


(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 Balance Sheets as of:



	March 31, 2020		December 31, 2019
Assets
U.K. Regulated (a) (b)	$	17,918	$	17,622
Kentucky Regulated	15,608		15,597
Pennsylvania Regulated	11,898		11,918
Corporate and Other (c)	904		543
Total	$	46,328	$	45,680


(a)	Includes $13.3 billion and $13.2 billion of net PP&E as of March 31, 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 $2.5 billion of goodwill as of March 31, 2020 and December 31, 2019.


(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.

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

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