v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 132 $ 111
Restricted cash 31 43
Receivables-    
Customers 1,624 1,585
Less — Allowance for uncollectible customer receivables 50 55
Receivable 1,574 1,530
Other, net of allowance for uncollectible accounts of $9 in 2025 and $6 in 2024 314 303
Materials and supplies, at average cost 567 549
Prepaid taxes and other 341 240
Total current assets 2,959 2,776
PROPERTY, PLANT AND EQUIPMENT:    
In service 53,543 52,896
Less — Accumulated provision for depreciation 14,774 14,548
Property, plant and equipment in service net of accumulated provision for depreciation 38,769 38,348
Construction work in progress 2,932 2,754
Total property, plant and equipment 41,701 41,102
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 5,618 5,618
Investments (Note 6) 657 652
Regulatory assets 636 617
Other 1,200 1,279
Total investments and other noncurrent assets 8,111 8,166
TOTAL ASSETS 52,771 52,044
CURRENT LIABILITIES:    
Currently payable long-term debt 1,928 977
Short-term borrowings 1,635 550
Accounts payable 1,516 1,575
Accrued interest 280 269
Accrued taxes 715 727
Accrued compensation and benefits 257 205
Customer deposits 236 233
Dividends payable 257 245
Other 290 216
Total current liabilities 7,114 4,997
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 21,223 22,496
Accumulated deferred income taxes 5,740 5,613
Retirement benefits 1,698 1,698
Regulatory liabilities 998 995
Other 2,136 2,525
Total noncurrent liabilities 31,795 33,327
TOTAL LIABILITIES 38,909 38,324
Common stockholders’ equity-    
Common stock, $0.10 par value, authorized 700,000,000 shares - 577,156,244 and 576,612,245 shares outstanding as of March 31, 2025 and December 31, 2024, respectively. 58 58
Other paid-in capital 12,377 12,368
Accumulated other comprehensive loss (14) (14)
Retained earnings 146 43
Total common stockholders’ equity 12,567 12,455
Noncontrolling interest 1,295 1,265
TOTAL EQUITY 13,862 13,720
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY 52,771 52,044
Customer    
Receivables-    
Customers 1,624 1,585
Less — Allowance for uncollectible customer receivables 50 55
Receivable $ 1,574 $ 1,530