v3.25.2
Supplemental Financial Information
 6 Months Ended
Jun. 30, 2025
Supplemental Financial Information [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Supplemental Statement of Operations and Comprehensive Income Information
The following tables provide additional information about items recorded in the Consolidated Statements of Operations and Comprehensive Income.
Three Months Ended June 30,Six Months Ended June 30,
Operating revenues2025202420252024
Variable lease income$64 $68 $117 $119 
Three Months Ended June 30,Six Months Ended June 30,
Taxes other than income taxes2025202420252024
Property$71 $73 $142 $139 
Payroll39 35 83 73 
Gross receipts(a)
39 32 77 65 
Other
(2)2 5 5 
Total taxes other than income taxes
$147 $142 $307 $282 
__________
(a)Represent gross receipts taxes related to our retail operations. The offsetting collection of gross receipts taxes from customers is recorded in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.

Three Months Ended June 30,Six Months Ended June 30,
Other, net2025202420252024
Decommissioning-related activities:
Net realized income on NDT funds(a)
Regulatory Agreement Units$131 $91 $375 $257 
Non-Regulatory Agreement Units73 32 167 115 
Net unrealized gains (losses) on NDT funds
Regulatory Agreement Units429 (14)311 211 
Non-Regulatory Agreement Units253 5 230 139 
Regulatory offset to NDT fund-related activities(b)
(449)(63)(552)(375)
Total Decommissioning-related activities437 51 531 347 
Net realized and unrealized gains (losses) from equity investments(c)
(7)(58)(275)(11)
Other
10 13 30 32 
Total Other, net$440 $6 $286 $368 
__________
(a)Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments.
(b)Includes the elimination of decommissioning-related activities and the elimination of income taxes related to all NDT fund activity for the Regulatory Agreement Units.
(c)Includes unrealized gains (losses) resulting from an equity investment in a publicly traded company. We record the fair value of this investment in Investments on the Consolidated Balance Sheets based on quoted market price of the stock.
Supplemental Cash Flow Information
The following tables provide additional information about items recorded within our Consolidated Statements of Cash Flows.
Six Months Ended June 30,
Depreciation, amortization, and accretion20252024
PP&E(a)
$492 $590 
Nuclear fuel(b)
468 433 
ARO accretion(c)
318 336 
Amortization of energy contract assets and liabilities(d)
12 17 
Amortization of intangible assets, net(a)
10 12 
Total depreciation, amortization, and accretion$1,300 $1,388 
__________
(a)Included in Depreciation and amortization expense in the Consolidated Statements of Operations and Comprehensive Income.
(b)Included in Purchased power and fuel expense in the Consolidated Statements of Operations and Comprehensive Income.
(c)Included in Operating and maintenance expense in the Consolidated Statements of Operations and Comprehensive Income.
(d)Included in Operating revenues or Purchased power and fuel expense in the Consolidated Statements of Operations and Comprehensive Income.
CEG ParentConstellation
Six Months Ended June 30,Six Months Ended June 30,
Other non-cash operating activities
2025202420252024
Other decommissioning-related activity(a)
$(224)$(246)$(224)$(246)
Pension and non-pension postretirement benefit costs
76 56 76 56 
Energy-related options(b)
(23)30 (23)30 
Other(c)
150 95 101 78 
Total other non-cash operating activities
$(21)$(65)$(70)$(82)
__________
(a)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income, and income taxes related to all NDT fund activity for these units.
(b)Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.
(c)Includes items that are not individually material.
The following table provides a reconciliation of cash, restricted cash, and cash equivalents reported within our Consolidated Balance Sheets that sum to the total of the same amounts in the Consolidated Statements of Cash Flows.
June 30, 2025CEG ParentConstellation
Cash and cash equivalents$1,974 $1,964 
Restricted cash and cash equivalents88 76 
Total cash, restricted cash, and cash equivalents$2,062 $2,040 
December 31, 2024
Cash and cash equivalents$3,022 $3,018 
Restricted cash and cash equivalents107 97 
Total cash, restricted cash, and cash equivalents$3,129 $3,115 
June 30, 2024
Cash and cash equivalents$311 $308 
Restricted cash and cash equivalents72 64 
Total cash, restricted cash, and cash equivalents$383 $372 
For additional information on restricted cash, see Note 1 — Basis of Presentation of our 2024 Form 10-K.
Supplemental Balance Sheet Information
The following table provides additional information about material items recorded in the Consolidated Balance Sheets.
Accounts payable and accrued expenses
June 30, 2025CEG ParentConstellation
Accounts payable
$2,446 $2,414 
Compensation-related accruals(a)
605 396 
Taxes accrued
205 203 
December 31, 2024
Accounts payable
$2,369 $2,348 
Compensation-related accruals(a)
907 689 
Taxes accrued
232 223 
__________
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits.