Acquisitions and Dispositions (Tables) - Dominion Energy Gas Holdings, LLC - GT&S Transaction

3 Months Ended

Mar. 31, 2021

Results of Operations Reported within Discontinued Operations

The following table represents selected information regarding the results of operations, which are reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:

	Three Months Ended March 31, 2021		Three Months Ended March 31, 2020
	Q-Pipe Transaction		GT&S Transaction		Q-Pipe Transaction
(millions)
Operating revenue	$	67	$	563	$	65
Operating expense		19		333		33
Other income		—		20		1
Interest and related charges		5		53		4
Income before income taxes		43		197		29
Income tax expense		8		27		4
Net income including noncontrolling interests		35		170		25
Noncontrolling interests		—		33		—
Net income attributable to Dominion Energy	$	35	$	137	$	25

Schedule of Major Classes of Assets and Liabilities Reported As Held for Sale in Discontinued Operations

The carrying amounts of major classes of assets and liabilities relating to the disposal groups, which are reported as held for sale in Dominion Energy’s Consolidated Balance Sheets were as follows:

	At March 31, 2021		At December 31, 2020
	Q-Pipe Transaction		Q-Pipe Transaction
(millions)
Current assets⁽¹⁾	$	49	$	47
Equity method investments⁽²⁾		35		35
Property, plant and equipment, net		1,120		1,113
Other deferred charges and other assets, including goodwill and intangible assets⁽³⁾		224		224
Current liabilities		30		30
Long-term debt		426		426
Other deferred credits and liabilities		154		154

(1)

Includes cash and cash equivalents of $13 million and $7 million as of March 31, 2021 and December 31, 2020.

(2)

Comprised of an equity method investment in White River Hub.

(3)

Includes goodwill of $191 million at both March 31, 2021 and December 31, 2020.

Capital Expenditures and Significant Noncash Items Relating to the Disposal Groups

Capital expenditures and significant noncash items relating to the disposal groups included the following:

	Three Months Ended March 31, 2021		Three Months Ended March 31, 2020
	Q-Pipe Transaction		GT&S Transaction		Q-Pipe Transaction
(millions)
Capital expenditures	$	3	$	73	$	6
Significant noncash items
Depreciation, depletion and amortization		—		82		13
Accrued capital expenditures		2		16		—