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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 247 $ 291
Restricted cash 29 16
Accounts receivable    
Customers (net of allowance for doubtful accounts of $180 million and $171 million at respective dates) (includes $1.84 billion and $2.06 billion related to VIEs, net of allowance for doubtful accounts of $180 million and $171 million at respective dates) 2,080 2,345
Accrued unbilled revenue (includes $976 million and $1.09 billion related to VIEs at respective dates) 1,070 1,207
Regulatory balancing accounts 3,165 2,999
Other 1,695 1,784
Regulatory assets 384 496
Inventories    
Gas stored underground and fuel oil 29 44
Materials and supplies 589 552
Wildfire Fund asset 461 461
Other 627 882
Total current assets 10,376 11,077
Property, Plant, and Equipment    
Electric 71,001 69,482
Gas 26,474 25,979
Construction work in progress 3,666 3,479
Financing lease and other 20 20
Total property, plant, and equipment 101,161 98,960
Accumulated depreciation (29,656) (29,134)
Net property, plant, and equipment 71,505 69,826
Other Noncurrent Assets    
Regulatory assets 9,167 9,207
Nuclear decommissioning trusts 3,635 3,798
Operating lease right of use asset 1,139 1,234
Wildfire Fund asset 5,198 5,313
Income taxes receivable 9 9
Other (includes net noncurrent accounts receivable of $115 million and $187 million related to VIEs, net of noncurrent allowance for doubtful accounts of $11 million and $15 million at respective dates) 2,902 2,863
Total other noncurrent assets 22,050 22,424
TOTAL ASSETS 103,931 103,327
Current Liabilities    
Short-term borrowings 1,854 2,184
Long-term debt, classified as current (includes $32 million and $18 million related to VIEs at respective dates) 4,553 4,481
Accounts payable    
Trade creditors 2,389 2,855
Regulatory balancing accounts 1,676 1,121
Other 814 679
Operating lease liabilities 466 468
Interest payable 331 481
Wildfire-related claims 2,091 2,722
Other 2,386 2,436
Total current liabilities 16,560 17,427
Noncurrent Liabilities    
Long-term debt (includes $1.83 billion and $1.82 billion related to VIEs at respective dates) 39,123 38,225
Regulatory liabilities 11,563 11,999
Pension and other postretirement benefits 801 860
Asset retirement obligations 5,919 5,298
Deferred income taxes 3,162 3,177
Operating lease liabilities 739 810
Other 4,420 4,308
Total noncurrent liabilities 65,727 64,677
Shareholders' Equity    
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 1,987,472,590 and 1,985,400,540 shares outstanding at respective dates 34,726 35,129
Treasury stock, at cost; 437,743,590 and 477,743,590 shares at respective dates (4,447) (4,854)
Reinvested earnings (8,867) (9,284)
Accumulated other comprehensive loss (20) (20)
Total shareholders' equity 21,392 20,971
Noncontrolling Interest - Preferred Stock of Subsidiary 252 252
Total equity 21,644 21,223
TOTAL LIABILITIES AND EQUITY $ 103,931 $ 103,327