v3.25.2
Variable Interest Entities - Assets and Liabilities of Consolidated VIEs (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets      
Cash and cash equivalents $ 1,974 $ 3,022 $ 311
Restricted cash and cash equivalents 88 107 $ 72
Accounts receivable      
Customer accounts receivable, net 2,947 3,116  
Other accounts receivable, net 571 602  
Inventories, net      
Materials and supplies 1,385 1,357  
Other current assets 714 689  
Total current assets 9,233 10,776  
Property, plant, and equipment, net 21,820 21,235  
Other noncurrent assets 2,351 2,178  
Total assets [1] 53,038 52,926  
Current liabilities      
Long-term debt due within one year 125 1,028  
Accounts payable and accrued expenses 3,659 3,943  
Other current liabilities 359 332  
Total current liabilities 6,256 6,846  
Long-term debt 7,286 7,384  
Other noncurrent liabilities 1,148 1,219  
Total deferred credits and other liabilities 25,693 25,157  
Total liabilities [1] 39,235 39,387  
Variable Interest Entity, Primary Beneficiary      
Current assets      
Cash and cash equivalents 81 59  
Restricted cash and cash equivalents 60 50  
Accounts receivable      
Customer accounts receivable, net 2,108 2,134  
Other accounts receivable, net 12 12  
Inventories, net      
Materials and supplies 13 13  
Other current assets 34 38  
Total current assets 2,308 2,306  
Property, plant, and equipment, net 1,983 2,025  
Other noncurrent assets 132 142  
Total noncurrent assets 2,115 2,167  
Total assets 4,423 4,473  
Current liabilities      
Long-term debt due within one year 65 64  
Accounts payable and accrued expenses 50 54  
Other current liabilities 1 0  
Total current liabilities 116 118  
Long-term debt 614 642  
Asset retirement obligations 212 206  
Other noncurrent liabilities 2 2  
Total deferred credits and other liabilities 828 850  
Total liabilities 944 968  
Unamortized energy contract assets, current 19 22  
Unamortized energy contract assets, noncurrent $ 125 $ 133  
[1] Our consolidated assets include $4,279 million and $4,318 million at June 30, 2025 and December 31, 2024, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $944 million and $968 million at June 30, 2025 and December 31, 2024, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 15 — Variable Interest Entities for additional information.