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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2016
Mar. 23, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Gain (Loss) on Disposition of Assets [1]           $ (26)
Operating revenues [Abstract]            
Electrical Generation Revenue $ 3,234     $ 4,080 $ 7,708 9,714
Gas Domestic Regulated Revenue 197     165 641 788
Operating revenues from affiliates 1     1    
Regulated Operating Revenue 3,676     2,434 6,777 5,631
Electric Revenue 3,480     2,270 6,136 4,844
Revenues 6,910     6,514 14,485 15,345
Operating expenses            
Purchased power 1,576     1,848 4,016 5,274
Cost of Purchased Power 878     601 1,692 1,645
Operating and maintenance 2,505     2,042 5,341 4,123
Depreciation and amortization 941     602 1,626 1,212
Taxes other than income 394     294 720 598
Total operating expenses 6,294     5,387 13,395 12,852
Gain (Loss) on Sale of Assets and Asset Impairment Charges 31     7 40 8
Operating income 647     1,134 1,130 2,501
Other income and (deductions)            
Interest expense, net (366)     (145) (643) (480)
Interest expense to affiliates (10)     (10) (20) (21)
Other, net 144     (17) 258 64
Total other income and (deductions) (232)     (172) (405) (437)
Income before income taxes 415     962 725 2,064
Income taxes 102     327 285 690
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions (7)     (2) (10) (2)
Net income 306     633 430 1,372
Net income (loss) attributable to noncontrolling interests and preference stock dividends 39     (5) (10) 41
Net income attributable to common shareholders 267     638 440 1,331
Other comprehensive income (loss), net of income taxes            
Prior service benefit reclassified to periodic benefit cost (12)     (11) (23) (23)
Actuarial loss reclassified to periodic benefit cost 46     55 93 110
Pension and non-pension postretirement benefit plan valuation adjustment (1)     0 (3) (29)
Unrealized (loss) gain on cash flow hedges 0     3 (7) 9
Unrealized loss on equity investments (4)     0 (7) 0
Unrealized gain on marketable securities 2     0 0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax 0     3 6 (9)
Other comprehensive income 31     50 59 [2] 58 [2]
Comprehensive income 337     683 489 1,430
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 39     (5) (10) 41
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 298     $ 688 $ 499 $ 1,389
Average shares of common stock outstanding:            
Weighted average common shares outstanding — basic 924     863 923 862
Average common shares outstanding — diluted 926     866 926 866
Earnings per average common share:            
Earnings per share - basic (in usd per share) $ 0.29     $ 0.74 $ 0.48 $ 1.54
Earnings per average common share - diluted            
Earnings per share - diluted (in usd per share) 0.29     0.74 0.48 1.54
Dividends per common share (in usd per share) $ 0.318     $ 0.31 $ 0.628 $ 0.62
PECO Energy Co [Member]            
Operating revenues [Abstract]            
Gas Domestic Regulated Revenue $ 77     $ 79 $ 273 $ 386
Operating revenues from affiliates 2     0 4 1
Electric Revenue 585     582 1,228 1,259
Revenues 664     661 1,505 1,646
Operating expenses            
Utilities Operating Expense, Purchased Power 130     161 295 377
Purchased power and fuel from affiliates 64     48 142 110
Utilities Operating Expense, Fuel Used 23     28 100 188
Operating and maintenance 157     166 333 363
Operating and maintenance from affiliates 33     26 72 51
Depreciation and amortization 67     69 134 131
Taxes other than income 38     39 80 80
Total operating expenses 512     537 1,156 1,300
Gain (Loss) on Disposition of Other Assets         0 1
Operating income 152     124 349 347
Other income and (deductions)            
Interest expense, net (28)     (25) (56) (50)
Interest expense to affiliates (3)     (3) (6) (6)
Other, net 2     1 4 3
Total other income and (deductions) (29)     (27) (58) (53)
Income before income taxes 123     97 291 294
Income taxes 23     27 67 85
Net income 100     70 224 209
Other comprehensive income (loss), net of income taxes            
Other comprehensive income [2]           0
Comprehensive income 100     70 224 209
Exelon Generation Co L L C [Member]            
Gain (Loss) on Disposition of Assets           0
Operating revenues [Abstract]            
Electrical Generation Revenue 3,231     4,079 7,702 9,709
Operating revenues from affiliates 358     153 627 365
Revenues 3,589     4,232 8,329 10,074
Operating expenses            
Cost of Purchased Power 1,575     1,848 4,015 5,274
Purchased power and fuel from affiliates 2     1 5 8
Operating and maintenance 1,369     1,149 2,665 2,311
Operating and maintenance from affiliates 161     159 332 308
Depreciation and amortization 408     255 697 509
Taxes other than income 118     124 244 246
Total operating expenses 3,633     3,536 7,958 8,656
Gain (Loss) on Sale of Assets and Asset Impairment Charges 31     7 31 6
Operating income (13)     703 402 1,424
Other income and (deductions)            
Interest expense, net (89)     (90) (176) (180)
Interest expense to affiliates (10)     (9) (20) (21)
Other, net 117     (31) 210 62
Total other income and (deductions) 18     (130) 14 (139)
Income before income taxes 5     573 416 1,285
Income taxes (31)     181 120 407
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions (8)     (2) (11) (3)
Net income 28     390 285 875
Net income (loss) attributable to noncontrolling interests 36     (8) (17) 34
Net (loss) income attributable to membership interest (8)     398 302 841
Other comprehensive income (loss), net of income taxes            
Unrealized (loss) gain on cash flow hedges 1     2 (4) (3)
Unrealized loss on equity investments (2)     0 (4) 0
Unrealized gain on marketable securities 1     1 0 1
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax 0     3 6 (9)
Other comprehensive income 0     6 (2) [2] (11) [2]
Comprehensive income 28     396 283 864
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 36     (8) (17) 34
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (8)     404 300 830
Commonwealth Edison Co [Member]            
Operating revenues [Abstract]            
Operating revenues 1,283     1,147 2,527 2,331
Operating revenues from affiliates 3     1 8 2
Revenues 1,286     1,148 2,535 2,333
Operating expenses            
Cost of Purchased Power 326     269 668 586
Purchased power and fuel from affiliates 13     6 18 15
Operating and maintenance 318     337 623 670
Operating and maintenance from affiliates 50     47 113 92
Depreciation and amortization 190     177 379 352
Taxes other than income 65     69 141 146
Total operating expenses 962     905 1,942 1,861
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0     0 5 0
Operating income 324     243 598 472
Other income and (deductions)            
Interest expense, net (88)     (78) (170) (158)
Interest expense to affiliates (3)     (3) (7) (7)
Other, net 3     5 7 9
Total other income and (deductions) (88)     (76) (170) (156)
Income before income taxes 236     167 428 316
Income taxes 91     68 168 127
Net income 145     99 260 189
Other comprehensive income (loss), net of income taxes            
Comprehensive income 145     99 260 189
Baltimore Gas and Electric Company [Member]            
Operating revenues [Abstract]            
Gas Domestic Regulated Revenue 94     86 340 402
Operating revenues from affiliates 4     1 9 8
Electric Revenue 582     541 1,260 1,254
Revenues 680     628 1,609 1,664
Operating expenses            
Utilities Operating Expense, Purchased Power 108     130 235 338
Purchased power and fuel from affiliates 133     96 304 233
Utilities Operating Expense, Fuel Used 20     13 95 155
Operating and maintenance 177     120 345 276
Operating and maintenance from affiliates 31     29 65 55
Depreciation and amortization 97     87 206 192
Taxes other than income 55     54 114 111
Total operating expenses 621     529 1,364 1,360
Operating income 59     99 245 304
Other income and (deductions)            
Interest expense, net (20)     (20) (40) (42)
Interest expense to affiliates (4)     (4) (8) (8)
Other, net 5     4 11 8
Total other income and (deductions) (19)     (20) (37) (42)
Income before income taxes 40     79 208 262
Income taxes 6     32 73 105
Net income 34     47 135 157
Preferred security dividends and redemption 3     3 6 6
Net income attributable to common shareholders 31     44 129 151
Other comprehensive income (loss), net of income taxes            
Comprehensive income 34     47 135 157
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 3     3 6 6
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 31     44 129 151
Pepco Holdings LLC [Member] | Predecessor [Member]            
Operating revenues [Abstract]            
Gas Domestic Regulated Revenue     $ 57 25   111
Operating revenues from affiliates     0 0   0
Electric Revenue     1,096 1,094   2,362
Revenues     1,153 1,119   2,473
Operating expenses            
Cost of Purchased Power     471 417   1,005
Purchased power and fuel from affiliates     0 0   0
Utilities Operating Expense, Fuel Used     26 12   62
Operating and maintenance     294 288   589
Operating and maintenance from affiliates     0 0   0
Depreciation and amortization     152 152   307
Taxes other than income     105 111   229
Total operating expenses     1,048 980   2,192
Operating income     105 139   281
Other income and (deductions)            
Interest expense, net     (65) (71)   (140)
Other, net     (4) 12   21
Total other income and (deductions)     (69) (59)   (119)
Income before income taxes     36 80   162
Income taxes     17 27   56
Net income     19 53   106
Other comprehensive income (loss), net of income taxes            
Actuarial loss reclassified to periodic benefit cost     1 3   4
Other comprehensive income     1 3   4
Comprehensive income     $ 20 56   110
Pepco Holdings LLC [Member] | Successor [Member]            
Operating revenues [Abstract]            
Gas Domestic Regulated Revenue 26 $ 28        
Operating revenues from affiliates 10 23        
Electric Revenue 1,030 1,120        
Revenues 1,066 1,171        
Operating expenses            
Cost of Purchased Power 263 288        
Purchased power and fuel from affiliates 144 155        
Utilities Operating Expense, Fuel Used 9 11        
Operating and maintenance 223 670        
Operating and maintenance from affiliates 23 25        
Depreciation and amortization 160 174        
Taxes other than income 108 123        
Total operating expenses 930 1,446        
Operating income 136 (275)        
Other income and (deductions)            
Interest expense, net (66) (71)        
Other, net 11 12        
Total other income and (deductions) (55) (59)        
Income before income taxes 81 (334)        
Income taxes 29 (77)        
Net income 52 (257)        
Other comprehensive income (loss), net of income taxes            
Actuarial loss reclassified to periodic benefit cost 0 0        
Other comprehensive income 0 0        
Comprehensive income 52 $ (257)        
Potomac Electric Power Company [Member]            
Gain (Loss) on Disposition of Assets 8       8  
Operating revenues [Abstract]            
Operating revenues from affiliates 1     1 3 2
Electric Revenue 508     503 1,058 1,047
Revenues 509     504 1,061 1,049
Operating expenses            
Cost of Purchased Power 64     162 256 373
Purchased power and fuel from affiliates 88     0 95 0
Operating and maintenance 100     102 389 213
Operating and maintenance from affiliates 9     1 10 2
Depreciation and amortization 70     63 144 125
Taxes other than income 89     93 182 190
Total operating expenses 420     421 1,076 903
Operating income 97     83 (7) 146
Other income and (deductions)            
Interest expense, net (31)     (31) (68) (61)
Other, net 6     8 14 13
Total other income and (deductions) (25)     (23) (54) (48)
Income before income taxes 72     60 (61) 98
Income taxes 23     18 (1) 30
Net income 49     42 (60) 68
Other comprehensive income (loss), net of income taxes            
Comprehensive income 49     42 (60) 68
Delmarva Power and Light Company [Member]            
Operating revenues [Abstract]            
Gas Domestic Regulated Revenue 26     25 85 111
Operating revenues from affiliates 2     2 4 3
Electric Revenue 253     244 554 577
Revenues 281     271 643 691
Operating expenses            
Utilities Operating Expense, Purchased Power 70     114 216 292
Purchased power and fuel from affiliates 43     0 47 0
Utilities Operating Expense, Fuel Used 9     11 35 58
Operating and maintenance 73     74 277 156
Operating and maintenance from affiliates 5     1 6 1
Depreciation and amortization 38     35 76 74
Taxes other than income 13     12 28 24
Total operating expenses 251     247 685 605
Operating income 30     24 (42) 86
Other income and (deductions)            
Interest expense, net (13)     (13) (25) (25)
Other, net 3     2 6 5
Total other income and (deductions) (10)     (11) (19) (20)
Income before income taxes 20     13 (61) 66
Income taxes 8     5 (1) 26
Net income 12     8 (60) 40
Other comprehensive income (loss), net of income taxes            
Comprehensive income 12     8 (60) 40
Atlantic City Electric Company [Member]            
Gain (Loss) on Disposition of Assets 1       1  
Operating revenues [Abstract]            
Operating revenues from affiliates 1     1 2 2
Electric Revenue 269     284 559 616
Revenues 270     285 561 618
Operating expenses            
Cost of Purchased Power 129     147 285 338
Purchased power and fuel from affiliates 12     0 13 0
Operating and maintenance 63     68 275 136
Operating and maintenance from affiliates 5     1 5 2
Depreciation and amortization 41     43 81 86
Taxes other than income 2     1 4 3
Total operating expenses 252     260 663 565
Operating income 19     25 (101) 53
Other income and (deductions)            
Interest expense, net (16)     (16) (32) (32)
Other, net 2     1 5 3
Total other income and (deductions) (14)     (15) (27) (29)
Income before income taxes 5     10 (128) 24
Income taxes 2     4 (31) 9
Net income 3     6 (97) 15
Other comprehensive income (loss), net of income taxes            
Comprehensive income $ 3     $ 6 $ (97) $ 15
[1] In January 2015, in connection with Generation's $750 million issuance of five-year Senior Unsecured Notes, Exelon terminated certain floating-to-fixed interest rate swaps. As the original forecasted transactions were a series of future interest payments over a ten year period, a portion of the anticipated interest payments were probable not to occur. As a result, $26 million of anticipated payments were reclassified from AOCI to Other, net in Exelon's Consolidated Statement of Operations and Comprehensive Income.
[2] All amounts are net of tax. Amounts in parenthesis represent a decrease in AOCI.