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Consolidated Statements of Operations (Unaudited) - NPC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue $ 6,229 $ 6,612 $ 12,575 $ 12,642
Operating expenses:        
Cost of sales 1,566 1,525 3,521 2,985
Total operating expenses 5,183 5,405 10,862 10,199
Operating income 1,046 1,207 1,713 2,443
Other income (expense):        
Interest expense (599) (550) (1,185) (1,082)
Capitalized interest 33 18 57 35
Allowance for equity funds 61 42 110 80
Interest and dividend income 127 30 213 53
Other, net 78 (26) 118 (21)
Total other income (expense) 3 2,042 315 336
Income (loss) before income tax expense (benefit) and equity income (loss) 1,049 3,249 2,028 2,779
Income tax expense (benefit) (255) 149 (417) (358)
Net income (loss) attributable to parent 1,075 2,897 2,064 2,768
NPC        
Operating revenue 781 639 1,380 1,054
Operating expenses:        
Cost of sales 493 336 877 548
Operations and maintenance 78 75 151 140
Depreciation and amortization 108 103 214 206
Property and other taxes 14 12 28 25
Total operating expenses 693 526 1,270 919
Operating income 88 113 110 135
Other income (expense):        
Interest expense (49) (39) (98) (77)
Capitalized interest 7 2 9 3
Allowance for equity funds 4 2 8 5
Interest and dividend income 19 9 41 18
Other, net 4 (1) 8 0
Total other income (expense) (15) (27) (32) (51)
Income (loss) before income tax expense (benefit) and equity income (loss) 73 86 78 84
Income tax expense (benefit) 7 10 8 10
Net income (loss) attributable to parent $ 66 $ 76 $ 70 $ 74