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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 38.9 $ 42.9
Accounts receivable and unbilled revenues, net of reserves of $190.7 and $193.5, respectively 1,557.0 1,503.2
Materials, supplies, and inventories 608.6 775.2
Prepaid taxes 143.0 173.9
Other prepayments 70.9 76.8
Other 186.2 223.7
Current assets 2,604.6 2,795.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $11,275.0 and $11,073.1, respectively 31,729.8 31,581.5
Regulatory assets (March 31, 2024 and December 31, 2023 include $84.1 and $85.9, respectively, related to WEPCo Environmental Trust) 3,247.0 3,249.8
Equity investment in transmission affiliates 2,027.1 2,005.9
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 883.9 870.9
Other 382.0 383.1
Long-term assets 41,322.6 41,144.0
Total assets 43,927.2 43,939.7
Current liabilities    
Short-term debt 2,574.2 2,020.9
Current portion of long-term debt (March 31, 2024 and December 31, 2023 include $9.0, related to WEPCo Environmental Trust) 640.5 1,264.2
Accounts payable 640.9 896.6
Other 854.1 933.1
Current liabilities 4,709.7 5,114.8
Long-term liabilities    
Long-term debt (March 31, 2024 and December 31, 2023 include $85.4 and $85.3, respectively, related to WEPCo Environmental Trust) 15,375.8 15,512.8
Deferred income taxes 5,120.0 4,918.5
Deferred revenue, net 351.1 356.4
Regulatory liabilities 3,730.2 3,697.7
Intangible liabilities 581.4 594.8
Environmental remediation liabilities 448.9 463.7
AROs 377.7 374.2
Other 806.3 835.3
Long-term liabilities 26,791.4 26,753.4
Commitments and contingencies (Note 20)
Common shareholders' equity    
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,822,587 and 315,434,531 shares outstanding, respectively 3.2 3.2
Additional paid in capital 4,145.7 4,115.9
Retained earnings 7,971.6 7,612.8
Accumulated other comprehensive loss (7.8) (7.7)
Common shareholders' equity 12,112.7 11,724.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 283.0 316.9
Total liabilities and equity $ 43,927.2 $ 43,939.7