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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 33.8 $ 16.3
Accounts receivable and unbilled revenues, net of reserves of $200.6 and $198.3, respectively 1,635.7 1,505.7
Materials, supplies, and inventories 368.8 635.8
Prepayments 172.9 245.5
Derivative assets 204.3 107.0
Other 147.1 146.4
Current assets 2,562.6 2,656.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $10,041.4 and $9,889.3, respectively 27,110.2 26,982.4
Regulatory assets (March 31, 2022 and December 31, 2021 include $98.2 and $100.7, respectively, related to WEPCo Environmental Trust) 3,163.6 3,264.8
Equity investment in transmission affiliates 1,818.2 1,789.4
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 910.2 881.3
Other 356.9 361.1
Long-term assets 36,411.9 36,331.8
Total assets 38,974.5 38,988.5
Current liabilities    
Short-term debt 1,450.0 1,897.0
Current portion of long-term debt (March 31, 2022 and December 31, 2021 include $8.8, related to WEPCo Environmental Trust) 163.4 169.4
Accounts payable 693.7 1,005.7
Other 957.3 680.9
Current liabilities 3,264.4 3,753.0
Long-term liabilities    
Long-term debt (March 31, 2022 and December 31, 2021 include $102.8 and $102.7, respectively, related to WEPCo Environmental Trust) 13,514.3 13,523.7
Deferred income taxes 4,426.2 4,308.5
Deferred revenue, net 383.8 389.2
Regulatory liabilities 4,032.6 3,946.0
Environmental remediation liabilities 517.2 532.6
Pension and OPEB obligations 218.5 219.0
Other 1,173.0 1,203.2
Long-term liabilities 24,265.6 24,122.2
Commitments and contingencies (Note 19)
Common shareholders' equity    
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding 3.2 3.2
Additional paid in capital 4,131.8 4,138.1
Retained earnings 7,111.4 6,775.1
Accumulated other comprehensive loss (3.2) (3.2)
Common shareholders' equity 11,243.2 10,913.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 170.9 169.7
Total liabilities and equity $ 38,974.5 $ 38,988.5