v3.26.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment The following tables show our financial information by reportable segment:
Regulated
OperatingITC HoldingsReconciliations/
(In millions of USD)Subsidiariesand OtherEliminationsTotal
Three Months Ended March 31, 2026
Statements of comprehensive income activity
Operating revenues$484 $— $(11)$473 
Depreciation and amortization91 — — 91 
Interest expense, net48 45 — 93 
Other segment items (a)108 15 (11)112 
Income (loss) before income taxes237 (60)— 177 
Income tax provision (benefit)57 (17)— 40 
Subsidiary net earnings— 180 (180)— 
Net income180 137 (180)137 
Statements of cash flows activity
Expenditures for property, plant and equipment380 — 18 398 
As of March 31, 2026
Statements of financial position balances
Property, plant and equipment, net13,513 8 — 13,521 
Goodwill950 — — 950 
Total assets (b)15,056 7,954 (7,805)15,205 
Regulated
OperatingITC HoldingsReconciliations/
(In millions of USD)Subsidiariesand OtherEliminationsTotal
Three Months Ended March 31, 2025
Statements of comprehensive income activity
Operating revenues$449 $— $(9)$440 
Depreciation and amortization84 — — 84 
Interest expense, net45 44 — 89 
Other segment items (a)104 7 (9)102 
Income (loss) before income taxes216 (51)— 165 
Income tax provision (benefit)52 (14)— 38 
Subsidiary net earnings— 164 (164)— 
Net income164 127 (164)127 
Statements of cash flows activity
Expenditures for property, plant and equipment339 — 15 354 
As of December 31, 2025
Statements of financial position balances
Property, plant and equipment, net13,189 7 — 13,196 
Goodwill950 — — 950 
Total assets (b)14,680 7,761 (7,607)14,834 
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(a)Other segment items includes taxes other than income taxes, general and administrative expense, operation and maintenance expense, allowance for equity funds used during construction and other expense and income items.
(b)Reconciliation of total assets results primarily from differences in the netting of deferred tax assets and liabilities in our segments as compared to the classification in the condensed consolidated statements of financial position.