Consolidated Balance Sheets - PAC - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,392	$ 1,565
Inventories	1,962	1,509
Regulatory assets	1,136	1,398
Other current assets	1,314	1,355
Total current assets	9,099	10,198
Regulatory assets	4,213	4,167
Other assets	3,011	3,170
Total assets	140,140	137,840
Current liabilities:
Accounts payable	2,928	3,175
Accrued interest	728	625
Accrued property, income and other taxes	1,043	828
Accrued employee expenses	364	354
Short-term debt	1,123	4,148
Subsidiary debt, current	2,646	2,740
Other current liabilities	2,109	1,551
Total current liabilities	10,941	13,421
Subsidiary debt	41,154	36,231
Regulatory liabilities	6,754	6,644
Deferred income taxes	12,628	12,437
Other long-term liabilities	5,917	6,166
Total liabilities	88,851	88,100
Commitments and contingencies
Equity:
Preferred stock	481	0
Common stock	0	0
Additional paid-in capital	5,558	5,573
Retained earnings	46,311	44,765
Accumulated other comprehensive loss, net	(2,341)	(1,904)
Total shareholder's equity	50,009	48,434
Total liabilities and shareholder's equity	140,140	137,840
PAC
Current assets:
Cash and cash equivalents	46	138
Trade receivables, net	960	853
Other receivables	245	447
Inventories	828	532
Derivative contracts	9	16
Regulatory assets	891	631
Prepaid expenses	283	188
Other current assets	35	182
Total current assets	3,297	2,987
Property, plant and equipment, net	29,120	27,051
Regulatory assets	2,026	1,942
Other assets	561	630
Total assets	35,004	32,610
Current liabilities:
Accounts payable	1,462	1,560
Accrued interest	239	152
Accrued property, income and other taxes	85	65
Accrued employee expenses	96	93
Short-term debt	240	1,604
Subsidiary debt, current	302	591
Regulatory liabilities	92	70
Wildfires liabilities (Note 14)	247	4
Other current liabilities	466	437
Total current liabilities	3,229	4,576
Subsidiary debt	13,286	9,819
Regulatory liabilities	2,550	2,540
Deferred income taxes	3,222	3,085
Wildfires liabilities (Note 14)	1,289	1,719
Other long-term liabilities	916	899
Total liabilities	24,492	22,638
Commitments and contingencies
Equity:
Preferred stock	2	2
Common stock	0	0
Additional paid-in capital	4,479	4,479
Retained earnings	6,040	5,501
Accumulated other comprehensive loss, net	(9)	(10)
Total shareholder's equity	10,512	9,972
Total liabilities and shareholder's equity	$ 35,004	$ 32,610