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v3.25.1

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Allowance for credit losses |  | $ 194 | $ 190
Allowance for other credit losses |  | 6 | 6
Accumulated depreciation and amortization |  | 18,377 | 18,088
Total assets | [1] | 52,252 | 52,926
Total liabilities | [1] | 38,918 | 39,387
Variable Interest Entity, Primary Beneficiary |  |  |
Total assets |  | 4,715 | 4,473
Total liabilities |  | 929 | 968
Variable Interest Entity, Primary Beneficiary | Nonrecourse |  |  |
Total liabilities |  | 929 | 968
Variable Interest Entity, Primary Beneficiary | Asset Pledged as Collateral |  |  |
Total assets |  | 4,566 | 4,318
Constellation Energy Generation, LLC |  |  |
Allowance for credit losses |  | 194 | 190
Allowance for other credit losses |  | 6 | 6
Accumulated depreciation and amortization |  | 18,377 | 18,088
Total assets | [2] | 52,213 | 52,893
Total liabilities | [2] | 38,786 | 39,310
Constellation Energy Generation, LLC | Variable Interest Entity, Primary Beneficiary | Nonrecourse |  |  |
Total liabilities |  | 929 | 968
Constellation Energy Generation, LLC | Variable Interest Entity, Primary Beneficiary | Asset Pledged as Collateral |  |  |
Total assets |  | $ 4,566 | $ 4,318
[1] | Our consolidated assets include $4,566 million and $4,318 million at March 31, 2025 and December 31, 2024, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $929 million and $968 million at March 31, 2025 and December 31, 2024, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 15 — Variable Interest Entities for additional information.
[2] | Our consolidated assets include $4,566 million and $4,318 million as of March 31, 2025 and December 31, 2024, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $929 million and $968 million as of March 31, 2025 and December 31, 2024, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 15 — Variable Interest Entities for additional information.

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