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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenue:    
Total operating revenue $ 6,111 $ 6,346
Energy:    
Cost of sales 1,670 1,955
Operations and maintenance 1,235 1,183
Wildfire losses, net of recoveries 0 359
Depreciation and amortization 1,013 1,050
Property and other taxes 212 212
Real estate 1,086 920
Total operating expenses 5,216 5,679
Operating income 895 667
Other income (expense):    
Interest expense (691) (586)
Capitalized interest 46 24
Allowance for equity funds 83 49
Interest and dividend income 116 86
(Losses) gains on marketable securities, net (123) 699
Other, net 31 40
Total other income (expense) (538) 312
Income before income tax expense (benefit) and equity income (loss) 357 979
Income tax expense (benefit) (371) (162)
Equity income (loss) (39) (38)
Net income 689 1,103
Net income attributable to noncontrolling interests 36 114
Net income attributable to parent 653 989
Preferred dividends 0 8
Earnings on common shares 653 981
Energy    
Operating revenue:    
Total operating revenue 5,245 5,471
Real estate    
Operating revenue:    
Total operating revenue $ 866 $ 875