Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Costs [Table Text Block]

Total restructuring charges for the second quarters of 2022 and 2021 were comprised of the following:

	2022			2021
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$41	$—	$41	$157	$14	$171
Restructuring costs accrued	(1)	—	(1)	(6)	1	(5)
Cash paid out	—	—	—	118	15	133
Balance as of June 30,	$40	$—	$40	$33	$—	$33

In addition, Entergy Wholesale Commodities recorded a gain of $166 million in the second quarter 2022 as a result of the sale of the Palisades plant, as well as $1 million of impairment and other related charges, and $342 million in the second quarter 2021 of impairment and other related charges, including a $340 million loss as a result of the sale of the Indian Point Energy Center, associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2022 and 2021 were comprised of the following:

	2022			2021
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$37	$—	$37	$145	$14	$159
Restructuring costs accrued	3	—	3	7	1	8
Cash paid out	—	—	—	119	15	134
Balance as of June 30,	$40	$—	$40	$33	$—	$33

In addition, Entergy Wholesale Commodities recorded a gain of $166 million in the six months ended June 30, 2022 as a result of the sale of the Palisades plant, as well as $1 million of impairment and other related charges, and $345 million in the six months ended June 30, 2021 of impairment and other related charges, including a $340 million loss as a result of the sale of the Indian Point Energy Center, associated with these strategic decisions and transactions.

Entergy Corporation [Member]

Segment Financial Information

Entergy’s segment financial information for the second quarters of 2022 and 2021 were as follows:

	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2022
Operating revenues	$3,306,269	$88,933	$—	($6)	$3,395,196
Income taxes	($371,704)	$25,233	($13,172)	$—	($359,643)
Consolidated net income (loss)	$156,548	$87,386	($36,672)	($43,251)	$164,011
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

Entergy’s segment financial information for the six months ended June 30, 2022 and 2021 were as follows:

	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2022
Operating revenues	$6,034,425	$238,711	$—	($14)	$6,273,122
Income taxes	($296,346)	$28,089	($24,888)	$—	($293,145)
Consolidated net income (loss)	$499,704	$95,245	($76,148)	($75,197)	$443,604
Total assets as of June 30, 2022	$60,525,686	$528,296	$548,740	($3,775,143)	$57,827,579
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of December 31, 2021	$59,733,625	$1,242,675	$561,168	($2,083,226)	$59,454,242

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.