XML 83 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue from Contracts with Customers Revenue from Contracts with Customers (Notes)
 9 Months Ended
Sep. 30, 2018
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
(11)
Revenue from Contracts with Customers

Adoption

In May 2014, the FASB issued ASU No. 2014-09, which created FASB ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") and superseded ASC Topic 605, "Revenue Recognition." The guidance replaced industry-specific guidance and established a single five-step model to identify and recognize revenue from contracts with customers ("Customer Revenue"). The core principle of the guidance is that an entity should recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Following the issuance of ASU No. 2014-09, the FASB issued several ASUs that clarified the implementation guidance for ASU No. 2014-09 but did not change the core principle of the guidance. The Company adopted this guidance for all applicable contracts as of January 1, 2018 under a modified retrospective method and the adoption did not have a cumulative effect impact at the date of initial adoption.

Customer Revenue

The Company recognizes revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company records sales, franchise and excise taxes collected directly from customers and remitted directly to the taxing authorities on a net basis on the Consolidated Statements of Operations.

Energy Products and Services

A majority of the Company's energy revenue is derived from tariff based sales arrangements approved by various regulatory bodies. These tariff based revenues are mainly comprised of energy, transmission, distribution and natural gas and have performance obligations to deliver energy products and services to customers which are satisfied over time as energy is delivered or services are provided. The Company's energy revenue that is nonregulated primarily relates to the Company's renewable energy business. Other revenue consists primarily of revenue recognized in accordance with ASC 815, "Derivatives and Hedging", ASC 840, "Leases" and amounts not considered Customer Revenue within ASC 606.

Revenue recognized is equal to what the Company has the right to invoice as it corresponds directly with the value to the customer of the Company's performance to date and includes billed and unbilled amounts. As of September 30, 2018 and December 31, 2017, trade receivables, net on the Consolidated Balance Sheets relate substantially to Customer Revenue, including unbilled revenue of $624 million and $665 million, respectively. Payments for amounts billed are generally due from the customer within 30 days of billing. Rates charged for energy products and services are established by regulators or contractual arrangements that establish the transaction price as well as the allocation of price amongst the separate performance obligations. When preliminary regulated rates are permitted to be billed prior to final approval by the applicable regulator, certain revenue collected may be subject to refund and a liability for estimated refunds is accrued.

The following table summarizes the Company's energy products and services revenue by regulated energy and nonregulated energy, with further disaggregation of regulated energy by customer class and line of business, including a reconciliation to the Company's reportable segment information included in Note 14 (in millions):
 
 
For the Three-Month Period Ended September 30, 2018
 
 
PacifiCorp
 
MidAmerican Funding
 
NV Energy
 
Northern Powergrid
 
BHE Pipeline Group
 
BHE Transmission
 
BHE Renewables
 
BHE and
Other(1)
 
Total
Customer Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric
 
$
1,323

 
$
647

 
$
1,002

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(1
)
 
$
2,971

Retail Gas
 
—

 
83

 
13

 
—

 
—

 
—

 
—

 
—

 
96

Wholesale(2)
 
(10
)
 
82

 
9

 
—

 
—

 
—

 
—

 
(1
)
 
80

Transmission and
   distribution
 
30

 
14

 
28

 
196

 
—

 
171

 
—

 
—

 
439

Interstate pipeline
 
—

 
—

 
—

 
—

 
283

 
—

 
—

 
(25
)
 
258

Other
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Regulated
 
1,343

 
826

 
1,052

 
196

 
283

 
171

 
—

 
(27
)
 
3,844

Nonregulated
 
—

 
2

 
—

 
10

 
—

 
3

 
235

 
176

 
426

Total Customer Revenue
 
1,343

 
828

 
1,052

 
206

 
283

 
174

 
235

 
149

 
4,270

Other revenue(3)
 
26

 
4

 
7

 
27

 
(24
)
 
—

 
85

 
24

 
149

Total
 
$
1,369

 
$
832

 
$
1,059

 
$
233

 
$
259

 
$
174

 
$
320

 
$
173

 
$
4,419

 
 
For the Nine-Month Period Ended September 30, 2018
 
 
PacifiCorp
 
MidAmerican Funding
 
NV Energy
 
Northern Powergrid
 
BHE Pipeline Group
 
BHE Transmission
 
BHE Renewables
 
BHE and
Other(1)
 
Total
Customer Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulated:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail Electric
 
$
3,534

 
$
1,538

 
$
2,232

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(1
)
 
$
7,303

Retail Gas
 
—

 
428

 
72

 
—

 
—

 
—

 
—

 
—

 
500

Wholesale
 
21

 
262

 
26

 
—

 
—

 
—

 
—

 
(3
)
 
306

Transmission and
   distribution
 
82

 
44

 
73

 
661

 
—

 
525

 
—

 
—

 
1,385

Interstate pipeline
 
—

 
—

 
—

 
—

 
893

 
—

 
—

 
(91
)
 
802

Other
 
—

 
—

 
1

 
—

 
—

 
—

 
—

 
—

 
1

Total Regulated
 
3,637

 
2,272

 
2,404

 
661

 
893

 
525

 
—

 
(95
)
 
10,297

Nonregulated
 
—

 
7

 
1

 
31

 
—

 
6

 
538

 
478

 
1,061

Total Customer Revenue
 
3,637

 
2,279

 
2,405

 
692

 
893

 
531

 
538

 
383

 
11,358

Other revenue(3)
 
109

 
18

 
21

 
65

 
(22
)
 
—

 
182

 
87

 
460

Total
 
$
3,746

 
$
2,297

 
$
2,426

 
$
757

 
$
871

 
$
531

 
$
720

 
$
470

 
$
11,818



(1)
The BHE and Other reportable segment represents amounts related principally to other entities, corporate functions and intersegment eliminations.
(2)
Includes net payments to counterparties for the financial settlement of certain non-derivative forward contracts for energy sales at PacifiCorp.
(3)
Includes net payments to counterparties for the financial settlement of certain derivative contracts at BHE Pipeline Group.

Real Estate Services

The Company's HomeServices reportable segment consists of separate brokerage, mortgage and franchise businesses. Rates charged for brokerage, mortgage and franchise real estate services are established through contractual arrangements that establish the transaction price and the allocation of the price amongst the separate performance obligations. Other revenue consists primarily of revenue related to the mortgage businesses recognized in accordance with ASC 815, "Derivatives and Hedging", ASC 825, "Financial Instruments" and ASC 860, "Transfers and Servicing."

The full-service residential real estate brokerage business has performance obligations to deliver integrated real estate services including brokerage services, title and closing services, property and casualty insurance, home warranties, relocation services, and other home-related services to customers. All performance obligations related to the full-service residential real estate brokerage business are satisfied in less than one year at the point in time when a real estate transaction is closed or when services are provided. Commission revenue from real estate brokerage transactions and related amounts due to agents are recognized when a real estate transaction is closed. Title and escrow closing fee revenue from real estate transactions and related amounts due to the title insurer are recognized at closing. Payments for amounts billed are generally due from the customer at closing.

The franchise business operates a network that has performance obligations to provide the right to use certain brand names and other related service marks as well as to provide orientation programs, training and consultation services, advertising programs and other services to its franchisees. The performance obligations related to the franchise business are satisfied over time or when the services are provided. Franchise royalty fees are sales-based variable consideration and are based on a percentage of commissions earned by franchisees on real estate sales, which are recognized when the sale closes. Meetings and training revenue, referral fees, late fees, service fees and franchise termination fees are earned when services have been completed. Payments for amounts billed are generally due from the franchisee within 30 days of billing.

The following table summarizes the Company's real estate services revenue by line of business (in millions):

 
HomeServices
 
Three-Month Period
 
Nine-Month Period
 
Ended September 30,
 
Ended September 30,
 
2018
 
2018
Customer Revenue:
 
 
 
Brokerage
$
1,122

 
$
2,975

Franchise
18

 
52

Total Customer Revenue
1,140

 
3,027

Other revenue
78

 
225

Total
$
1,218

 
$
3,252



Contract Assets and Liabilities

In the event one of the parties to a contract has performed before the other, the Company would recognize a contract asset or contract liability depending on the relationship between the Company's performance and the customer's payment. As of September 30, 2018 and December 31, 2017, there were no material contract assets or contract liabilities recorded on the Consolidated Balance Sheets. During the three- and nine-month periods ended September 30, 2018, there was no material revenue recognized that was included in the contract liability balance at the beginning of the period or from performance obligations satisfied in previous periods.

Remaining Performance Obligations

The following table summarizes the Company's revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of September 30, 2018, by reportable segment (in millio
PacifiCorp [Member]  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
Revenue from Contracts with Customers

Adoption

In May 2014, the FASB issued ASU No. 2014-09, which created FASB ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") and superseded ASC Topic 605, "Revenue Recognition." The guidance replaced industry-specific guidance and established a single five-step model to identify and recognize revenue from contracts with customers ("Customer Revenue"). The core principle of the guidance is that an entity should recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Following the issuance of ASU No. 2014-09, the FASB issued several ASUs that clarified the implementation guidance for ASU No. 2014-09 but did not change the core principle of the guidance. PacifiCorp adopted this guidance for all applicable contracts as of January 1, 2018 under a modified retrospective method. The adoption did not have a cumulative effect impact at the date of initial adoption.

Customer Revenue

PacifiCorp recognizes revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which PacifiCorp expects to be entitled in exchange for those goods or services. PacifiCorp records sales, franchise and excise taxes collected directly from customers and remitted directly to the taxing authorities on a net basis on the Consolidated Statements of Operations.

Substantially all of PacifiCorp's Customer Revenue is derived from tariff based sales arrangements approved by various regulatory bodies. These tariff based revenues are mainly comprised of energy, transmission and distribution and have performance obligations to deliver energy products and services to customers which are satisfied over time as energy is delivered or services are provided. Other revenue consists primarily of revenue recognized in accordance with ASC 815, "Derivatives and Hedging."

Revenue recognized is equal to what PacifiCorp has the right to invoice as it corresponds directly with the value to the customer of PacifiCorp's performance to date and includes billed and unbilled amounts. As of September 30, 2018 and December 31, 2017, accounts receivable from contracts with customers, net of allowance for doubtful accounts was $673 million and $635 million, respectively, including unbilled revenue of $229 million and $255 million, respectively, and was included in accounts receivables, net on the Consolidated Balance Sheets. Payments for amounts billed are generally due from the customer within 30 days of billing. Rates charged for energy products and services are established by regulators or contractual arrangements that establish the transaction price as well as the allocation of price amongst the separate performance obligations. When preliminary regulated rates are permitted to be billed prior to final approval by the applicable regulator, certain revenue collected may be subject to refund and a liability for estimated refunds is accrued.

The following table summarizes PacifiCorp's revenue by regulated energy, with further disaggregation of regulated energy by customer class, for the three- and nine-month periods ended September 30, 2018 (in millions):
 
Three-Month Period
 
Nine-Month Period
 
Ended September 30,
 
Ended September 30,
 
2018
 
2018
Customer Revenue:
 
 
 
Retail:
 
 
 
Residential
$
478

 
$
1,284

Commercial
418

 
1,129

Industrial
305

 
862

Other retail
106

 
204

Total retail
1,307

 
3,479

Wholesale (1)
(10
)
 
21

Transmission
30

 
82

Other Customer Revenue
16

 
55

Total Customer Revenue
1,343

 
3,637

Other revenue
26

 
109

Total operating revenue
$
1,369

 
$
3,746


(1)
During the three-month period ended September 30, 2018, PacifiCorp financially settled certain non-derivative forward contracts for energy sales by making net payments to counterparties.

Contract Assets and Liabilities

In the event one of the parties to a contract has performed before the other, PacifiCorp would recognize a contract asset or contract liability depending on the relationship between PacifiCorp's performance and the customer's payment. As of September 30, 2018 and December 31, 2017, there were no material contract assets or contract liabilities recorded on the Consolidated Balance Sheets. During the three- and nine-month periods ended September 30, 2018, there was no material revenue recognized that was included in the contract liability balance at the beginning of the period or from performance obligations satisfied in previous periods.
Nevada Power Company [Member]  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
Revenue from Contracts with Customers

Adoption

In May 2014, the FASB issued ASU No. 2014-09, which created FASB ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") and superseded ASC Topic 605, "Revenue Recognition." The guidance replaced industry-specific guidance and established a single five-step model to identify and recognize revenue from contracts with customers ("Customer Revenue"). The core principle of the guidance is that an entity should recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Following the issuance of ASU No. 2014-09, the FASB issued several ASUs that clarified the implementation guidance for ASU No. 2014-09 but did not change the core principle of the guidance. Nevada Power adopted this guidance for all applicable contracts as of January 1, 2018 under a modified retrospective method and the adoption did not have a cumulative effect impact at the date of initial adoption.

Customer Revenue

Nevada Power recognizes revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which Nevada Power expects to be entitled in exchange for those goods or services. Nevada Power records sales, franchise and excise taxes collected directly from customers and remitted directly to the taxing authorities on a net basis on the Consolidated Statements of Operations.

Substantially all of Nevada Power's Customer Revenue is derived from tariff based sales arrangements approved by various regulatory bodies. These tariff based revenues are mainly comprised of energy, transmission and distribution and have performance obligations to deliver energy products and services to customers which are satisfied over time as energy is delivered or services are provided. Other revenue consists primarily of amounts not considered Customer Revenue within ASC 606 and revenue recognized in accordance with ASC 840, "Leases".

Revenue recognized is equal to what Nevada Power has the right to invoice as it corresponds directly with the value to the customer of Nevada Power's performance to date and includes billed and unbilled amounts. As of September 30, 2018 and December 31, 2017, accounts receivables, net on the Consolidated Balance Sheets relate substantially to Customer Revenue, including unbilled revenue of $178 million and $111 million, respectively. Payments for amounts billed are generally due from the customer within 30 days of billing. Rates charged for energy products and services are established by regulators or contractual arrangements that establish the transaction price as well as the allocation of price amongst the separate performance obligations. When preliminary regulated rates are permitted to be billed prior to final approval by the applicable regulator, certain revenue collected may be subject to refund and a liability for estimated refunds is accrued.

The following table summarizes Nevada Power's revenue by customer class for the three- and nine-month periods ended September 30, 2018 (in millions):
 
Three-Month Period
 
Nine-Month Period
 
Ended September 30,
 
Ended September 30,
 
2018
 
2018
Customer Revenue:
 
 

Retail:
 
 

Residential
$
484

 
$
989

Commercial
135

 
340

Industrial
164

 
351

Other
7

 
18

Total fully bundled
790

 
1,698

Distribution only service
9

 
24

Total retail
799

 
1,722

Wholesale, transmission and other
15

 
38

Total Customer Revenue
814

 
1,760

Other revenue
6

 
17

Total revenue
$
820

 
$
1,777



Contract Assets and Liabilities

In the event one of the parties to a contract has performed before the other, Nevada Power would recognize a contract asset or contract liability depending on the relationship between Nevada Power's performance and the customer's payment. As of September 30, 2018 and December 31, 2017, there were no contract assets or contract liabilities recorded on the Consolidated Balance Sheets.
Sierra Pacific Power Company [Member]  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
Revenue from Contracts with Customers

Adoption

In May 2014, the FASB issued ASU No. 2014-09, which created FASB ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") and superseded ASC Topic 605, "Revenue Recognition." The guidance replaced industry-specific guidance and established a single five-step model to identify and recognize revenue from contracts with customers ("Customer Revenue"). The core principle of the guidance is that an entity should recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Following the issuance of ASU No. 2014-09, the FASB issued several ASUs that clarified the implementation guidance for ASU No. 2014-09 but did not change the core principle of the guidance. Sierra Pacific adopted this guidance for all applicable contracts as of January 1, 2018 under a modified retrospective method and the adoption did not have a cumulative effect impact at the date of initial adoption.

Customer Revenue

Sierra Pacific recognizes revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which Sierra Pacific expects to be entitled in exchange for those goods or services. Sierra Pacific records sales, franchise and excise taxes collected directly from customers and remitted directly to the taxing authorities on a net basis on the Consolidated Statements of Operations.

Substantially all of Sierra Pacific's Customer Revenue is derived from tariff based sales arrangements approved by various regulatory bodies. These tariff based revenues are mainly comprised of energy, transmission, distribution and natural gas and have performance obligations to deliver energy products and services to customers which are satisfied over time as energy is delivered or services are provided. Other revenue consists primarily of revenue recognized in accordance with ASC 840, "Leases" and amounts not considered Customer Revenue within ASC 606.

Revenue recognized is equal to what Sierra Pacific has the right to invoice as it corresponds directly with the value to the customer of Sierra Pacific's performance to date and includes billed and unbilled amounts. As of September 30, 2018 and December 31, 2017, accounts receivables, net on the Consolidated Balance Sheets relate substantially to Customer Revenue, including unbilled revenue of $51 million and $62 million, respectively. Payments for amounts billed are generally due from the customer within 30 days of billing. Rates charged for energy products and services are established by regulators or contractual arrangements that establish the transaction price as well as the allocation of price amongst the separate performance obligations. When preliminary regulated rates are permitted to be billed prior to final approval by the applicable regulator, certain revenue collected may be subject to refund and a liability for estimated refunds is accrued.

The following table summarizes Sierra Pacific's revenue by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 12, for the three- and nine-month periods ended September 30, 2018 (in millions):
 
Three-Month Period
 
Nine-Month Period
 
Ended September 30,
 
Ended September 30,
 
2018
 
2018
 
Electric

Gas

Total
 
Electric
 
Gas
 
Total
Customer Revenue:





 

 

 
 
Retail:





 

 

 
 
Residential
$
76


$
9


$
85

 
$
203

 
$
48

 
$
251

Commercial
75


3


78

 
190

 
18

 
208

Industrial
59


1


60

 
136

 
6

 
142

Other
2


—


2

 
5

 
—

 
5

Total fully bundled
212


13


225

 
534

 
72

 
606

Distribution only service
1


—


1

 
3

 
—

 
3

Total retail
213


13


226

 
537

 
72

 
609

Wholesale, transmission and other
12


1


13

 
35

 
1

 
36

Total Customer Revenue
225


14


239

 
572

 
73

 
645

Other revenue
—


—


—

 
3

 
1

 
4

Total revenue
$
225


$
14


$
239

 
$
575

 
$
74

 
$
649



Contract Assets and Liabilities

In the event one of the parties to a contract has performed before the other, Sierra Pacific would recognize a contract asset or contract liability depending on the relationship between Sierra Pacific's performance and the customer's payment. As of September 30, 2018 and December 31, 2017, there were no contract assets or contract liabilities recorded on the Consolidated Balance Sheets.
MidAmerican Energy Company [Member]  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
Revenue from Contracts with Customers

Adoption

In May 2014, the FASB issued ASU No. 2014-09, which created FASB ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") and superseded ASC Topic 605, "Revenue Recognition." The guidance replaced industry-specific guidance and established a single five-step model to identify and recognize revenue from contracts with customers ("Customer Revenue"). The core principle of the guidance is that an entity should recognize revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Following the issuance of ASU No. 2014-09, the FASB issued several ASUs that clarified the implementation guidance for ASU No. 2014-09 but did not change the core principle of the guidance. MidAmerican Energy adopted this guidance for all applicable contracts as of January 1, 2018 under a modified retrospective method, and the adoption did not have a cumulative effect impact at the date of initial adoption.

Customer Revenue

MidAmerican Energy recognizes revenue upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. MidAmerican Energy records sales, franchise and excise taxes collected directly from customers and remitted directly to the taxing authorities on a net basis on the Statements of Operations and, accordingly, they do not impact revenue.

Substantially all of MidAmerican Energy's Customer Revenue is derived from tariff-based sales arrangements approved by various regulatory bodies. MidAmerican Energy's electric wholesale and transmission transactions, including the multi-value projects, are substantially with the Midcontinent Independent System Operator, Inc. under its tariffs approved by the Federal Energy Regulatory Commission. These tariff-based revenues have performance obligations to deliver energy products and services to customers, which are satisfied over time as energy is delivered or services are provided. Other revenue consists primarily of revenue recognized in accordance with ASC 815, "Derivatives and Hedging."

Revenue recognized is equal to what MidAmerican Energy has the right to invoice as it corresponds directly with the value to the customer of MidAmerican Energy's performance to date and includes billed and unbilled amounts. As of September 30, 2018 and December 31, 2017, receivables, net on the Balance Sheets relate substantially to Customer Revenue, including unbilled revenue of $98 million and $89 million, respectively. Payments for amounts billed are generally due from the customer within 30 days of billing. Rates charged for energy products and services are established by regulators or contractual arrangements that establish the transaction price as well as the allocation of price amongst the separate performance obligations. When preliminary regulated rates are permitted to be billed prior to final approval by the applicable regulator, certain revenue collected may be subject to refund and a liability for estimated refunds is accrued.

The following table summarizes MidAmerican Energy's revenue by line of business and customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 12, (in millions):
 
For the Three-Month Period Ended September 30, 2018
 
Electric
 
Natural Gas
 
Other
 
Total
Customer Revenue:
 
 
 
 
 
 
 
Retail:
 
 
 
 
 
 
 
Residential
$
233

 
$
54

 
$
—

 
$
287

Commercial
100

 
17

 
—

 
117

Industrial
268

 
3

 
—

 
271

Natural gas transportation services
—

 
8

 
—

 
8

Other retail
46

 
1

 
—

 
47

Total retail
647

 
83

 
—

 
730

Wholesale
62

 
20

 
—

 
82

Multi-value transmission projects
14

 
—

 
—

 
14

Other Customer Revenue
—

 
—

 
2

 
2

Total Customer Revenue
723

 
103

 
2

 
828

Other revenue
4

 
—

 
—

 
4

Total operating revenue
$
727

 
$
103

 
$
2

 
$
832

 
For the Nine-Month Period Ended September 30, 2018
 
Electric
 
Natural Gas
 
Other
 
Total
Customer Revenue:
 
 
 
 
 
 
 
Retail:
 
 
 
 
 
 
 
Residential
$
567

 
$
287

 
$
—

 
$
854

Commercial
251

 
100

 
—

 
351

Industrial
608

 
13

 
—

 
621

Natural gas transportation services
—

 
27

 
—

 
27

Other retail
113

 
1

 
—

 
114

Total retail
1,539

 
428

 
—

 
1,967

Wholesale
187

 
75

 
—

 
262

Multi-value transmission projects
43

 
—

 
—

 
43

Other Customer Revenue
—

 
—

 
5

 
5

Total Customer Revenue
1,769

 
503

 
5

 
2,277

Other revenue
16

 
2

 
—

 
18

Total operating revenue
$
1,785

 
$
505

 
$
5

 
$
2,295



    
Contract Assets and Liabilities

In the event one of the parties to a contract has performed before the other, MidAmerican Energy would recognize a contract asset or contract liability depending on the relationship between MidAmerican Energy's performance and the customer's payment. As of September 30, 2018 and December 31, 2017, there were no contract assets or contract liabilities recorded on the Balance Sheets.
MidAmerican Funding, LLC and Subsidiaries [Domain]  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customer
Revenue from Contracts with Customers

Refer to Note 11 of MidAmerican Energy's Notes to Financial Statements. Additionally, MidAmerican Funding had $- million and $2 million of other Accounting Standards Codification Topic 606 revenue for the three-month and nine-month periods ended September 30, 2018, respectively.