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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues (Note K) $ 4,781 $ 4,521
Cost of sales and fuel (exclusive of items shown separately below) 2,897 3,347
Operations and maintenance 486 239
Depreciation and amortization 254 162
General taxes 86 57
Other operating income, net (Note C) (6) (781)
Operating income 1,064 1,497
Equity in net earnings from investments (Note I) 76 40
Other income, net 7 8
Interest expense (net of capitalized interest of $12 and $18, respectively) (300) (166)
Income before income taxes 847 1,379
Income taxes (208) (330)
Net income 639 1,049
Less: Preferred stock dividends 0 0
Net income available to common shareholders $ 639 $ 1,049
Basic EPS (Note H) (in dollars per share) $ 1.09 $ 2.34
Diluted EPS (Note H) (in dollars per share) $ 1.09 $ 2.34
Average shares (millions)    
Basic (in shares) 584.2 448.1
Diluted (in shares) 585.7 449.0
Commodity sales    
Revenues    
Total revenues (Note K) $ 3,928 $ 4,156
Services    
Revenues    
Total revenues (Note K) $ 853 $ 365