v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2026
Statements of comprehensive income activity
Operating revenues$487 $1 $(12)$476 
Depreciation and amortization94 — — 94 
Interest expense, net52 51 (1)102 
Other segment items (a)97 — (11)86 
Income (loss) before income taxes244 (50)— 194 
Income tax provision (benefit)58 (13)— 45 
Subsidiary net earnings— 186 (186)— 
Net income186 149 (186)149 
Nine Months Ended September 30, 2026
Statements of comprehensive income activity
Operating revenues$1,456 $1 $(33)$1,424 
Depreciation and amortization278 — — 278 
Interest expense, net149 152 (2)299 
Other segment items (a)307 26 (31)302 
Income (loss) before income taxes722 (177)— 545 
Income tax provision (benefit)172 (48)— 124 
Subsidiary net earnings— 550 (550)— 
Net income550 421 (550)421 
Statements of cash flows activity
Expenditures for property, plant and equipment1,153 1 (1)1,153 
As of September 30, 2026
Statements of financial position balances
Property, plant and equipment, net14,158 7 — 14,165 
Goodwill950 — — 950 
Total assets (b)15,728 8,238 (8,066)15,900 
Regulated
OperatingITC HoldingsReconciliations/
(In millions of USD)Subsidiariesand OtherEliminationsTotal
Three Months Ended September 30, 2025
Statements of comprehensive income activity
Operating revenues$463 $— $(9)$454 
Depreciation and amortization88 — — 88 
Interest expense, net47 45 — 92 
Other segment items (a)101 9 (9)101 
Income (loss) before income taxes227 (54)— 173 
Income tax provision (benefit)55 (15)— 40 
Subsidiary net earnings— 172 (172)— 
Net income172 133 (172)133 
Nine Months Ended September 30, 2025
Statements of comprehensive income activity
Operating revenues$1,365 $— $(27)$1,338 
Depreciation and amortization258 — — 258 
Interest expense, net137 135 — 272 
Other segment items (a)306 22 (27)301 
Income (loss) before income taxes664 (157)— 507 
Income tax provision (benefit)161 (41)— 120 
Subsidiary net earnings— 503 (503)— 
Net income503 387 (503)387 
Statements of cash flows activity
Expenditures for property, plant and equipment974 — (1)973 
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.