Consolidated Balance Sheets (Unaudited) - PAC - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,432	$ 1,096
Inventories	1,091	1,122
Derivative contracts	437	188
Regulatory assets	627	544
Other current assets	815	1,096
Total current assets	8,504	8,248
Regulatory assets	3,458	3,419
Other assets	3,181	3,144
Total assets	131,469	132,065
Current liabilities:
Accounts payable	1,820	2,136
Accrued interest	644	537
Accrued property, income and other taxes	606	606
Accrued employee expenses	398	372
Current portion of long-term debt	1,494	1,265
Other current liabilities	1,647	1,837
Total current liabilities	8,458	8,762
Regulatory liabilities	7,063	6,960
Deferred income taxes	12,786	12,938
Other long-term liabilities	4,327	4,319
Total liabilities	81,045	81,476
Commitments and contingencies
Equity:
Preferred stock	1,650	1,650
Common stock	0	0
Additional paid-in capital	6,374	6,374
Retained earnings	40,608	40,754
Accumulated other comprehensive loss, net	(1,358)	(1,340)
Total shareholder's equity, parent	46,530	46,694
Total liabilities and equity	131,469	132,065
PAC
Current assets:
Cash and cash equivalents	335	179
Trade receivables, net	674	725
Other receivables	49	52
Inventories	479	474
Derivative contracts	145	76
Regulatory assets	125	65
Other current assets	163	150
Total current assets	1,970	1,721
Property, plant and equipment, net	23,081	22,914
Regulatory assets	1,231	1,287
Other assets	562	534
Total assets	26,844	26,456
Current liabilities:
Accounts payable	724	680
Accrued interest	115	121
Accrued property, income and other taxes	113	78
Accrued employee expenses	109	89
Current portion of long-term debt	155	155
Regulatory liabilities	114	118
Other current liabilities	196	219
Total current liabilities	1,526	1,460
Long-term debt	8,567	8,575
Regulatory liabilities	2,807	2,650
Deferred income taxes	2,886	2,847
Other long-term liabilities	1,014	1,011
Total liabilities	16,800	16,543
Commitments and contingencies
Equity:
Preferred stock	2	2
Common stock	0	0
Additional paid-in capital	4,479	4,479
Retained earnings	5,579	5,449
Accumulated other comprehensive loss, net	(16)	(17)
Total shareholder's equity, parent	10,044	9,913
Total liabilities and equity	$ 26,844	$ 26,456