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Condensed Consolidated Balance Sheets (Unaudited) - GAS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 713 $ 748
Receivables —    
Customer accounts 2,191 2,030
Unbilled revenues 620 786
Other accounts and notes 512 519
Accumulated provision for uncollectible accounts (78) (68)
Materials and supplies 2,063 1,989
Natural gas for sale 210 420
Prepaid expenses 474 406
Other regulatory assets 1,066 1,120
Other current assets 763 569
Total current assets 10,543 10,432
Property, Plant, and Equipment:    
In service 129,228 128,428
Less: Accumulated depreciation 38,347 37,725
Plant in service, net of depreciation 90,881 90,703
Construction work in progress 8,225 7,784
Total property, plant, and equipment 100,470 99,844
Other Property and Investments:    
Goodwill 5,161 5,161
Equity investments in unconsolidated subsidiaries 1,395 1,368
Other intangible assets, net of amortization 359 368
Miscellaneous property and investments 673 665
Total other property and investments 10,100 9,986
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,400 1,432
Prepaid pension costs 2,184 2,079
Other regulatory assets, deferred 6,318 6,264
Other deferred charges and assets 1,578 1,468
Total deferred charges and other assets 19,007 19,069
Total Assets 140,120 139,331
Current Liabilities:    
Notes payable 2,445 2,314
Accounts payable —    
Customer deposits 456 503
Accrued interest 583 652
Accrued compensation 618 1,151
Natural gas cost over recovery 150 214
Other regulatory liabilities 169 141
Other current liabilities 1,108 1,029
Total current liabilities 11,458 13,467
Long-term Debt 59,361 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,195 10,990
Deferred credits related to income taxes 4,607 4,674
Employee benefit obligations 1,096 1,115
Operating lease obligations, deferred 1,292 1,307
Other cost of removal obligations 1,989 1,957
Other deferred credits and liabilities 1,074 1,031
Total deferred credits and other liabilities 33,687 33,429
Total Liabilities 104,506 104,106
Total Stockholders' Equity 35,614 35,225
Total Liabilities and Stockholders' Equity 140,120 139,331
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 77 33
Receivables —    
Customer accounts 474 405
Unbilled revenues 204 261
Other accounts and notes 53 47
Accumulated provision for uncollectible accounts (52) (44)
Materials and supplies 68 66
Natural gas for sale 210 420
Prepaid expenses 60 107
Other regulatory assets 162 141
Other current assets 57 50
Total current assets 1,313 1,486
Property, Plant, and Equipment:    
In service 21,078 20,840
Less: Accumulated depreciation 5,620 5,534
Plant in service, net of depreciation 15,458 15,306
Construction work in progress 1,112 1,110
Total property, plant, and equipment 16,570 16,416
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,260 1,235
Other intangible assets, net of amortization 14 16
Miscellaneous property and investments 26 25
Total other property and investments 6,315 6,291
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 46 47
Prepaid pension costs 164 158
Other regulatory assets, deferred 503 504
Other deferred charges and assets 180 181
Total deferred charges and other assets 893 890
Total Assets 25,091 25,083
Current Liabilities:    
Notes payable 334 415
Accounts payable —    
Customer deposits 79 126
Accrued taxes 84 77
Accrued interest 76 77
Accrued compensation 57 112
Natural gas cost over recovery 150 214
Other regulatory liabilities 60 19
Other current liabilities 172 155
Total current liabilities 1,364 1,708
Long-term Debt 7,825 7,833
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,736 1,671
Deferred credits related to income taxes 752 759
Employee benefit obligations 105 110
Operating lease obligations, deferred 38 40
Other cost of removal obligations 1,804 1,771
Accrued environmental remediation 194 192
Other deferred credits and liabilities 199 196
Total deferred credits and other liabilities 4,828 4,739
Total Liabilities 14,017 14,280
Total Stockholders' Equity 11,074 10,803
Total Liabilities and Stockholders' Equity 25,091 25,083
SOUTHERN Co GAS | Related Party    
Accounts payable —    
Affiliated and Other 44 89
SOUTHERN Co GAS | Nonrelated Party    
Accounts payable —    
Affiliated and Other $ 308 $ 424