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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,315 $ 635
Restricted cash (includes $227 million and $282 million related to VIEs at respective dates) 237 297
Accounts receivable    
Customers (net of allowance for doubtful accounts of $349 million and $445 million at respective dates) (includes $1.6 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $349 million and $445 million at respective dates) 1,982 2,048
Accrued unbilled revenue (includes $1.8 billion and $1.1 billion related to VIEs at respective dates) 2,038 1,254
Regulatory balancing accounts 6,698 5,660
Other 1,405 1,494
Regulatory assets 258 300
Inventories    
Gas stored underground and fuel oil 56 65
Materials and supplies 767 805
Wildfire Fund asset 305 450
Other 1,678 1,375
Total current assets 16,739 14,383
Property, Plant, and Equipment    
Electric 83,458 80,345
Gas 30,642 29,830
Construction work in progress 4,752 4,452
Financing lease ROU asset and other 786 787
Total property, plant, and equipment 119,638 115,414
Accumulated depreciation (34,396) (33,093)
Net property, plant, and equipment 85,242 82,321
Other Noncurrent Assets    
Regulatory assets 16,230 17,189
Customer credit trust 505 233
Nuclear decommissioning trusts 3,740 3,574
Operating lease ROU asset 573 598
Wildfire Fund asset 4,289 4,297
Income taxes receivable 1 24
Other (includes noncurrent accounts receivable of $78 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $16 million and $0 at respective dates) 3,469 3,079
Total other noncurrent assets 28,807 28,994
TOTAL ASSETS 130,788 125,698
Current Liabilities    
Short-term borrowings 4,972 3,971
Long-term debt, classified as current (includes $179 million and $176 million related to VIEs at respective dates) 1,578 1,376
Accounts payable    
Trade creditors 2,149 2,309
Regulatory balancing accounts 2,151 1,669
Other 896 851
Operating lease liabilities 81 80
Financing lease liabilities 779 259
Interest payable (includes $67 million and $67 million related to VIEs at respective dates) 723 679
Wildfire-related claims 939 1,422
Other 4,275 4,698
Total current liabilities 18,543 17,314
Noncurrent Liabilities    
Long-term debt (includes $10.4 billion and $10.5 billion related to VIEs at respective dates) 52,664 50,975
Regulatory liabilities 19,900 19,444
Pension and other postretirement benefits 464 476
Asset retirement obligations 5,564 5,512
Deferred income taxes 2,484 1,980
Operating lease liabilities 492 518
Financing lease liabilities 45 554
Other 4,127 3,633
Total noncurrent liabilities 85,740 83,092
Shareholders’ Equity    
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,460,355 and 2,133,597,758 shares outstanding at respective dates 30,379 30,374
Reinvested earnings (4,112) (5,321)
Accumulated other comprehensive loss (14) (13)
Total shareholders’ equity 26,253 25,040
Noncontrolling Interest - Preferred Stock of Subsidiary 252 252
Total equity 26,505 25,292
TOTAL LIABILITIES AND EQUITY $ 130,788 $ 125,698