v3.26.1
Condensed Consolidated Balance Sheets - Piedmont - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,140 $ 245
Receivables (net of allowance for doubtful accounts) 3,947 4,230
Inventory 4,572 4,569
Assets held for sale 0 109
Regulatory assets 2,201 1,934
Other (includes amounts related to VIEs) 586 526
Total current assets 13,446 11,613
Property, Plant and Equipment    
Cost 193,525 190,409
Accumulated depreciation and amortization (61,252) (60,450)
Net property, plant and equipment 132,273 129,959
Other Noncurrent Assets    
Goodwill 19,010 19,010
Regulatory assets 15,059 14,379
Operating lease right-of-use assets, net 1,169 1,241
Investments in equity method unconsolidated affiliates 328 330
Assets held for sale 0 2,148
Other 4,119 4,167
Total other noncurrent assets 52,329 54,164
Total Assets 198,048 195,736
Current Liabilities    
Accounts payable 4,732 5,223
Taxes accrued 839 975
Interest accrued 816 922
Current maturities of long-term debt 7,395 7,104
Liabilities associated with assets held for sale   84
Regulatory liabilities 1,554 1,271
Other 2,051 2,265
Total current liabilities 20,334 21,047
Long-Term Debt (includes amounts related to VIEs) 80,477 80,108
Other Noncurrent Liabilities    
Deferred income taxes 12,799 12,377
Asset retirement obligations 9,036 9,046
Regulatory liabilities 14,774 15,682
Operating lease liabilities 964 1,033
Accrued pension and other post-retirement benefit costs 384 396
Liabilities associated with assets held for sale 0 170
Other 1,817 1,889
Total other noncurrent liabilities 40,759 41,562
Commitments and Contingencies
Equity    
Common stock 1 1
Retained earnings 5,761 5,056
Accumulated other comprehensive income 171 198
Total stockholders' equity 54,457 51,842
Noncontrolling interests 2,021 1,177
Total equity 56,478 53,019
Total Liabilities and Equity 198,048 195,736
Piedmont    
Current Assets    
Cash and cash equivalents 5 1
Notes receivable from affiliated companies 266 0
Inventory 45 77
Assets held for sale   109
Regulatory assets 85 106
Other (includes amounts related to VIEs) 10 8
Total current assets 734 699
Property, Plant and Equipment    
Cost 11,480 11,325
Accumulated depreciation and amortization (2,216) (2,168)
Net property, plant and equipment 9,264 9,157
Other Noncurrent Assets    
Goodwill 39 39
Regulatory assets 306 350
Operating lease right-of-use assets, net 2 2
Investments in equity method unconsolidated affiliates 77 76
Assets held for sale   1,864
Other 284 283
Total other noncurrent assets 708 2,614
Total Assets 10,706 12,470
Current Liabilities    
Notes payable to affiliated companies 0 609
Taxes accrued 526 106
Interest accrued 48 41
Current maturities of long-term debt 40 490
Liabilities associated with assets held for sale   66
Regulatory liabilities 48 20
Other 68 81
Total current liabilities 1,066 1,789
Long-Term Debt (includes amounts related to VIEs) 3,761 3,761
Other Noncurrent Liabilities    
Deferred income taxes 873 1,071
Asset retirement obligations 26 25
Regulatory liabilities 780 802
Operating lease liabilities 1 2
Accrued pension and other post-retirement benefit costs 6 7
Liabilities associated with assets held for sale   170
Other 87 89
Total other noncurrent liabilities 1,773 2,166
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 2,488 3,118
Accumulated other comprehensive income (18) 0
Total stockholders' equity 4,105 4,753
Noncontrolling interests 1 1
Total equity 4,106 4,754
Total Liabilities and Equity 10,706 12,470
Piedmont | Nonrelated Party    
Current Assets    
Receivables (net of allowance for doubtful accounts) 312 390
Current Liabilities    
Accounts payable 237 286
Piedmont | Affiliated Entity    
Current Assets    
Receivables (net of allowance for doubtful accounts) 11 8
Current Liabilities    
Accounts payable $ 99 $ 90