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Segment and Related Information | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Segment and Related Information | SEGMENT AND RELATED INFORMATION Southern Company The primary businesses of the Southern Company system are electricity sales by the traditional electric operating companies and Southern Power and the distribution of natural gas by Southern Company Gas. The traditional electric operating companies are vertically integrated utilities providing electric service in three Southeastern states. Southern Power develops, constructs, acquires, owns, and manages power generation assets, including renewable energy and battery energy storage projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas distributes natural gas through its natural gas distribution utilities and is involved in several other complementary businesses including gas pipeline investments and gas marketing services. Southern Company's reportable business segments are the sale of electricity by the traditional electric operating companies, the sale of electricity in the competitive wholesale market by Southern Power, and the sale of natural gas and other complementary products and services by Southern Company Gas. Revenues from sales by Southern Power to the traditional electric operating companies were $116 million and $251 million for the three and six months ended June 30, 2023, respectively, and $232 million and $337 million for the three and six months ended June 30, 2022, respectively. Revenues from sales of natural gas from Southern Company Gas to the traditional electric operating companies and Southern Power were immaterial for all periods presented. The "All Other" column includes the Southern Company parent entity, which does not allocate operating expenses to business segments. Also, this category includes segments below the quantitative threshold for separate disclosure. These segments include providing distributed energy and resilience solutions and deploying microgrids for commercial, industrial, governmental, and utility customers, as well as investments in telecommunications. All other inter-segment revenues are not material. 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. 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 |
Southern Company Gas Southern Company Gas manages its business through three reportable segments – gas distribution operations, gas pipeline investments, and gas marketing services. The non-reportable segments are combined and presented as all other. Gas distribution operations is the largest component of Southern Company Gas' business and includes natural gas local distribution utilities that construct, manage, and maintain intrastate natural gas pipelines and gas distribution facilities in four states. Gas pipeline investments consists of joint ventures in natural gas pipeline investments including a 50% interest in SNG and a 50% joint ownership interest in the Dalton Pipeline. These natural gas pipelines enable the provision of diverse sources of natural gas supplies to the customers of Southern Company Gas. See Note 7 to the financial statements under "Southern Company Gas" in Item 8 of the Form 10-K for additional information. Gas marketing services provides natural gas marketing to end-use customers primarily in Georgia and Illinois through SouthStar. The all other column includes segments and subsidiaries that fall below the quantitative threshold for separate disclosure, including storage and fuels operations. The all other column included a natural gas storage facility in Texas through its sale in November 2022. See Note 15 to the financial statements under "Southern Company Gas" in Item 8 of the Form 10-K for additional information, including the sale of a natural gas storage facility in California expected to be complet ed later in 2023. 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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