Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2026

Presented in the table below are operating revenues disaggregated for the three months ended June 30, 2026:


	Revenues from Contracts with Customers		Other Revenues Not from Contracts with Customers (a)		Total Operating Revenues
Regulated Businesses:
Water services:
Residential	$	689	$	—	$	689
Commercial		259		—		259
Fire service		49		—		49
Industrial		56		—		56
Public and other		85		—		85

Total water services		1,138		—		1,138
Wastewater services:
Residential		74		—		74
Commercial		25		—		25
Industrial		3		—		3
Public and other		11		—		11

Total wastewater services		113		—		113
Miscellaneous utility charges		12		—		12
Alternative revenue programs		—		4		4
Lease contract revenue		—		1		1

Total Regulated Businesses		1,263		5		1,268

Other		87		—		87

Total operating revenues	$	1,350	$	5	$	1,355

(a)	Includes revenues associated with alternative revenue programs, lease contracts and intercompany rent, which are outside the scope of Accounting Standards Codification Topic 606, Revenue From Contracts With Customers (“ASC 606”), and accounted for under other existing GAAP.

Presented in the table below are operating revenues disaggregated for the three months ended June 30, 2025:


	Revenues from Contracts with Customers		Other Revenues Not from Contracts with Customers (a)			Total Operating Revenues
Regulated Businesses:
Water services:
Residential	$	637	$	—		$	637
Commercial		243		—			243
Fire service		48		—			48
Industrial		46		—			46
Public and other		78		—			78

Total water services		1,052		—			1,052
Wastewater services:
Residential		71		—			71
Commercial		21		—			21
Industrial		5		—			5
Public and other		10		—			10

Total wastewater services		107		—			107
Miscellaneous utility charges		14		—			14
Alternative revenue programs		—		4			4
Lease contract revenue		—		1			1

Total Regulated Businesses		1,173		5			1,178

Other		99		(1	)		98

Total operating revenues	$	1,272	$	4		$	1,276

(a)	Includes revenues associated with alternative revenue programs, lease contracts and intercompany rent, which are outside the scope of ASC 606, and accounted for under other existing GAAP.

Presented in the table below are operating revenues disaggregated for the six months ended June 30, 2026:


	Revenues from Contracts with Customers		Other Revenues Not from Contracts with Customers (a)		Total Operating Revenues
Regulated Businesses:
Water services:
Residential	$	1,282	$	—	$	1,282
Commercial		488		—		488
Fire service		97		—		97
Industrial		104		—		104
Public and other		155		—		155

Total water services		2,126		—		2,126
Wastewater services:
Residential		148		—		148
Commercial		47		—		47
Industrial		5		—		5
Public and other		20		—		20

Total wastewater services		220		—		220
Miscellaneous utility charges		24		—		24
Alternative revenue programs		—		6		6
Lease contract revenue		—		3		3

Total Regulated Businesses		2,370		9		2,379

Other		183		—		183

Total operating revenues	$	2,553	$	9	$	2,562

(a)	Includes revenues associated with alternative revenue programs, lease contracts and intercompany rent, which are outside the scope of ASC 606, and accounted for under other existing GAAP.

Presented in the table below are operating revenues disaggregated for the six months ended June 30, 2025:


	Revenues from Contracts with Customers		Other Revenues Not from Contracts with Customers (a)			Total Operating Revenues
Regulated Businesses:
Water services:
Residential	$	1,197	$	—		$	1,197
Commercial		455		—			455
Fire service		93		—			93
Industrial		91		—			91
Public and other		145		—			145

Total water services		1,981		—			1,981
Wastewater services:
Residential		139		—			139
Commercial		39		—			39
Industrial		10		—			10
Public and other		20		—			20

Total wastewater services		208		—			208
Miscellaneous utility charges		25		—			25
Alternative revenue programs		—		10			10
Lease contract revenue		—		3			3

Total Regulated Businesses		2,214		13			2,227

Other		192		(1	)		191

Total operating revenues	$	2,406	$	12		$	2,418