Utility Regulatory Assets and Liabilities and Regulatory Matters (Tables)

3 Months Ended

Dec. 31, 2021

The following regulatory assets and liabilities associated with Utilities are included on the Condensed Consolidated Balance Sheets:


	December 31, 2021		September 30, 2021		December 31, 2020
Regulatory assets (a):
Income taxes recoverable	$	145	$	143	$	126
Underfunded pension and postretirement plans	106		108		172
Environmental costs	57		58		59
Deferred fuel and power costs	29		11		—
Removal costs, net	23		24		24
Other	52		53		14
Total regulatory assets	$	412	$	397	$	395
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	13	$	13

Deferred fuel and power refunds	1		36		24
State tax benefits — distribution system repairs	33		32		28

Excess federal deferred income taxes	285		287		272
Other	14		20		9
Total regulatory liabilities	$	346	$	388	$	346

(a)Current regulatory assets are included in “Prepaid expenses and other current assets” and regulatory liabilities are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets.

Schedule of Regulatory Liabilities

The following regulatory assets and liabilities associated with Utilities are included on the Condensed Consolidated Balance Sheets:


	December 31, 2021		September 30, 2021		December 31, 2020
Regulatory assets (a):
Income taxes recoverable	$	145	$	143	$	126
Underfunded pension and postretirement plans	106		108		172
Environmental costs	57		58		59
Deferred fuel and power costs	29		11		—
Removal costs, net	23		24		24
Other	52		53		14
Total regulatory assets	$	412	$	397	$	395
Regulatory liabilities (a):
Postretirement benefit overcollections	$	13	$	13	$	13

Deferred fuel and power refunds	1		36		24
State tax benefits — distribution system repairs	33		32		28

Excess federal deferred income taxes	285		287		272
Other	14		20		9
Total regulatory liabilities	$	346	$	388	$	346