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Consolidated Statements of Operations (Unaudited) - NPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenue $ 6,612 $ 6,064 $ 12,642 $ 12,145
Operating expenses:        
Cost of sales 1,525 1,110 2,985 2,679
Total operating expenses 5,405 4,856 10,199 9,604
Operating income 1,207 1,208 2,443 2,541
Other income (expense):        
Interest expense (550) (532) (1,082) (1,062)
Allowance for borrowed funds 18 14 35 28
Allowance for equity funds 42 30 80 56
Interest and dividend income 30 26 53 47
Other, net (26) 48 (21) 56
Total other income (expense) 2,042 1,552 336 (27)
Income (loss) before income tax expense (benefit) and equity income (loss) 3,249 2,760 2,779 2,514
Income tax expense (benefit) 149 327 (358) (208)
Net income (loss) attributable to parent 2,897 2,281 2,768 2,285
NPC        
Operating revenue 639 559 1,054 929
Operating expenses:        
Cost of sales 336 252 548 417
Operations and maintenance 75 77 140 140
Depreciation and amortization 103 100 206 201
Property and other taxes 12 12 25 24
Total operating expenses 526 441 919 782
Operating income 113 118 135 147
Other income (expense):        
Interest expense (39) (39) (77) (77)
Allowance for borrowed funds 2 1 3 2
Allowance for equity funds 2 2 5 3
Interest and dividend income 9 3 18 8
Other, net (1) 6 0 10
Total other income (expense) (27) (27) (51) (54)
Income (loss) before income tax expense (benefit) and equity income (loss) 86 91 84 93
Income tax expense (benefit) 10 9 10 9
Net income (loss) attributable to parent $ 76 $ 82 $ 74 $ 84