v3.26.1
Condensed Consolidated Balance Sheets - 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
Regulatory assets 2,201 1,934
Assets held for sale 0 109
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
Nuclear decommissioning trust funds 12,644 12,889
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
Notes payable and commercial paper 2,373 2,624
Taxes accrued 839 975
Interest accrued 816 922
Current maturities of long-term debt 7,395 7,104
Asset retirement obligations 574 579
Regulatory liabilities 1,554 1,271
Liabilities associated with assets held for sale   84
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
Investment tax credits 985 969
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
Additional paid-in capital 47,551 45,614
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
Variable Interest Entity    
Current Assets    
Inventory 1,062 669
Regulatory assets 204 204
Other (includes amounts related to VIEs) 82 88
Other Noncurrent Assets    
Regulatory assets 3,062 3,108
Current Liabilities    
Accounts payable 376 296
Current maturities of long-term debt 147 118
Long-Term Debt (includes amounts related to VIEs) 3,222 3,308
Preferred stock, Series A    
Equity    
Preferred stock $ 973 $ 973