v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
reportable_segment
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We identify reportable segments based on factors including the regulatory environment of our subsidiaries and the business activities performed to earn revenues and incur expenses. The following tables show our financial information by reportable segment:
Regulated
OperatingITC HoldingsReconciliations/
(In millions of USD)Subsidiariesand OtherEliminationsTotal
Three Months Ended June 30, 2026
Statements of comprehensive income activity
Operating revenues$485 $— $(10)$475 
Depreciation and amortization93 — — 93 
Interest expense, net49 56 (1)104 
Other segment items (a)102 11 (9)104 
Income (loss) before income taxes241 (67)— 174 
Income tax provision (benefit)57 (18)— 39 
Subsidiary net earnings— 184 (184)— 
Net income184 135 (184)135 
Six Months Ended June 30, 2026
Statements of comprehensive income activity
Operating revenues$969 $— $(21)$948 
Depreciation and amortization184 — — 184 
Interest expense, net97 101 (1)197 
Other segment items (a)210 26 (20)216 
Income (loss) before income taxes478 (127)— 351 
Income tax provision (benefit)114 (35)— 79 
Subsidiary net earnings— 364 (364)— 
Net income364 272 (364)272 
Statements of cash flows activity
Expenditures for property, plant and equipment729 — 10 739 
As of June 30, 2026
Statements of financial position balances
Property, plant and equipment, net13,825 7 — 13,832 
Goodwill950 — — 950 
Total assets (b)15,418 8,132 (7,960)15,590 
Regulated
OperatingITC HoldingsReconciliations/
(In millions of USD)Subsidiariesand OtherEliminationsTotal
Three Months Ended June 30, 2025
Statements of comprehensive income activity
Operating revenues$453 $— $(9)$444 
Depreciation and amortization86 — — 86 
Interest expense, net45 46 — 91 
Other segment items (a)101 6 (9)98 
Income (loss) before income taxes221 (52)— 169 
Income tax provision (benefit)54 (12)— 42 
Subsidiary net earnings— 167 (167)— 
Net income167 127 (167)127 
Six Months Ended June 30, 2025
Statements of comprehensive income activity
Operating revenues$902 $— $(18)$884 
Depreciation and amortization170 — — 170 
Interest expense, net90 90 — 180 
Other segment items (a)205 13 (18)200 
Income (loss) before income taxes437 (103)— 334 
Income tax provision (benefit)106 (26)— 80 
Subsidiary net earnings— 331 (331)— 
Net income331 254 (331)254 
Statements of cash flows activity
Expenditures for property, plant and equipment648 — 9 657 
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.
Segment Reporting, Descriptive Information [Abstract]  
NumberOfReportableSegmentsNotDisclosedFlag 1