XML 96 R68.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment and Related Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Financial Data for Business Segments | Financial data for business segments and products and services for the three and six months ended June 30, 2023 and 2022 was as follows:
| Electric Utilities |  |  |  |
| Traditional Electric Operating Companies | Southern Power | Eliminations | Total | Southern Company Gas | All Other | Eliminations | Consolidated
| (in millions)
Three Months Ended June 30, 2023 |  |  |  |  |  |  |
Operating revenues | $ | 4,359 |  | $ | 525 |  | $ | (120) |  | $ | 4,764 |  | $ | 852 |  | $ | 180 |  | $ | (48) |  | $ | 5,748 |
Segment net income (loss)(a)(b) | 823 |  | 85 |  | — |  | 908 |  | 85 |  | (157) |  | 2 |  | 838 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |
Operating revenues | $ | 8,472 |  | $ | 1,033 |  | $ | (258) |  | $ | 9,247 |  | $ | 2,728 |  | $ | 346 |  | $ | (93) |  | $ | 12,228 |
Segment net income (loss)(a)(b)(c) | 1,433 |  | 187 |  | — |  | 1,620 |  | 393 |  | (311) |  | (2) |  | 1,700 |
At June 30, 2023 |  |  |  |  |  |  |  |
Goodwill | $ | — |  | $ | 2 |  | $ | — |  | $ | 2 |  | $ | 5,015 |  | $ | 144 |  | $ | — |  | $ | 5,161 |
Total assets | 97,751 |  | 13,046 |  | (589) |  | 110,208 |  | 24,331 |  | 3,523 |  | (946) |  | 137,116 |
Three Months Ended June 30, 2022 |  |  |  |  |  |  |
Operating revenues | $ | 5,563 |  | $ | 899 |  | $ | (456) |  | $ | 6,006 |  | $ | 1,083 |  | $ | 159 |  | $ | (42) |  | $ | 7,206 |
Segment net income (loss)(a)(d) | 1,036 |  | 98 |  | — |  | 1,134 |  | 115 |  | (137) |  | (5) |  | 1,107 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |
Operating revenues | $ | 9,778 |  | $ | 1,438 |  | $ | (700) |  | $ | 10,516 |  | $ | 3,140 |  | $ | 283 |  | $ | (85) |  | $ | 13,854 |
Segment net income (loss)(a)(d) | 1,811 |  | 170 |  | — |  | 1,981 |  | 433 |  | (263) |  | (12) |  | 2,139 |
At December 31, 2022 |  |  |  |  |  |  |  |
Goodwill | $ | — |  | $ | 2 |  | $ | — |  | $ | 2 |  | $ | 5,015 |  | $ | 144 |  | $ | — |  | $ | 5,161 |
Total assets | 95,861 |  | 13,081 |  | (659) |  | 108,283 |  | 24,621 |  | 2,665 |  | (678) |  | 134,891 |
(a)Attributable to Southern Company. (b)For Southern Company Gas, includes a pre-tax charge of approximately $38 million ($28 million after tax) associated with the disallowance of certain capital expenditures at Nicor Gas. See Note (B) under "Southern Company Gas" for additional information. (c)For Southern Power, includes a $16 million pre-tax gain ($12 million after tax) on the sale of spare parts. (d)For the traditional electric operating companies, includes pre-tax charges of $52 million ($39 million after tax) at Georgia Power for the estimated probable loss associated with the construction of Plant Vogtle Units 3 and 4. See Note (B) and Note 2 to the financial statements in Item 8 of the Form 10-K under "Georgia Power – Nuclear Construction" for additional information. Business segment financial data for the three months ended June 30, 2023 and 2022 was as follows:
| Gas Distribution Operations | Gas Pipeline Investments | Gas Marketing Services | Total | All Other | Eliminations | Consolidated
| (in millions)
Three Months Ended June 30, 2023 |  |  |  |  |
Operating revenues | $ | 764 |  | $ | 8 |  | $ | 75 |  | $ | 847 |  | $ | 9 |  | $ | (4) |  | $ | 852 |
Segment net income (loss)(*) | 60 |  | 19 |  | 7 |  | 86 |  | (1) |  | — |  | 85 |
Six Months Ended June 30, 2023 |  |  |  |  |
Operating revenues | $ | 2,383 |  | $ | 16 |  | $ | 320 |  | $ | 2,719 |  | $ | 22 |  | $ | (13) |  | $ | 2,728 |
Segment net income(*) | 281 |  | 50 |  | 56 |  | 387 |  | 6 |  | — |  | 393 |
Total assets at June 30, 2023 | 22,366 |  | 1,552 |  | 1,542 |  | 25,460 |  | 9,606 |  | (10,735) |  | 24,331 |
Three Months Ended June 30, 2022 |  |  |  |  |
Operating revenues | $ | 980 |  | $ | 8 |  | $ | 92 |  | $ | 1,080 |  | $ | 10 |  | $ | (7) |  | $ | 1,083 |
Segment net income (loss) | 92 |  | 23 |  | 1 |  | 116 |  | (1) |  | — |  | 115 |
Six Months Ended June 30, 2022 |  |  |  |  |  |
Operating revenues | $ | 2,782 |  | $ | 16 |  | $ | 335 |  | $ | 3,133 |  | $ | 26 |  | $ | (19) |  | $ | 3,140 |
Segment net income | 306 |  | 52 |  | 67 |  | 425 |  | 8 |  | — |  | 433 |
Total assets at December 31, 2022 | 22,040 |  | 1,577 |  | 1,616 |  | 25,233 |  | 8,943 |  | (9,555) |  | 24,621 |
(*)For gas distribution operations, includes a pre-tax charge of approximately $38 million ($28 million after tax) associated with the disallowance of certain capital expenditures at Nicor Gas. See Note (B) under "Southern Company Gas" for additional information.
Schedule of Financial Data for Products and Services |
| Electric Utilities' Revenues
| Retail | Wholesale | Other | Total
| (in millions)
Three Months Ended June 30, 2023 | $ | 3,859 |  | $ | 605 |  | $ | 300 |  | $ | 4,764 |
Three Months Ended June 30, 2022 | 4,789 |  | 937 |  | 280 |  | 6,006 |
Six Months Ended June 30, 2023 | $ | 7,458 |  | $ | 1,203 |  | $ | 586 |  | $ | 9,247 |
Six Months Ended June 30, 2022 | 8,402 |  | 1,601 |  | 513 |  | 10,516 |
| Southern Company Gas' Revenues
| Gas Distribution Operations | Gas Marketing Services | Other | Total
| (in millions)
Three Months Ended June 30, 2023 | $ | 761 |  | $ | 75 |  | $ | 16 |  | $ | 852 |
Three Months Ended June 30, 2022 | 975 |  | 92 |  | 16 |  | 1,083 |
Six Months Ended June 30, 2023 | $ | 2,372 |  | $ | 320 |  | $ | 36 |  | $ | 2,728 |
Six Months Ended June 30, 2022 | 2,765 |  | 335 |  | 40 |  | 3,140 |

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration