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Held-for-Sale Treatment of the Clean Energy Businesses (Tables) | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations |
| Clean Energy Businesses
(Millions of Dollars) | 2022 | 2021 | 2020
Pre-tax operating income | $466 | $310 | $68
Pre-tax operating income, excluding non-controlling interest | 406 | 158 | 23
The Clean Energy Business represent a reportable segment. See Note P. At December 31, 2022, the carrying amounts of the major classes of assets and liabilities of the Clean Energy Businesses that are expected to be sold are presented on a held-for-sale basis, and accordingly exclude certain intercompany and net deferred tax liability balances, as follows:
(Millions of Dollars) | December 31, 2022
ASSETS |
CURRENT ASSETS |
Cash and temporary cash investments | $25
Accounts receivable and other receivables - net allowance for uncollectible accounts | 319
Accrued unbilled revenue | 51
Fuel oil, gas in storage, materials and supplies, at average cost | 56
Restricted cash | 223
Fair value of derivatives assets | 84
Prepayments | 35
Other current assets | 24
TOTAL CURRENT ASSETS | 817
NON-UTILITY PLANT |
Non-utility property, net accumulated depreciation | 4,197
Construction work in progress | 522
NET PLANT | 4,719
OTHER NONCURRENT ASSETS |
Goodwill | 31
Intangible assets, less accumulated amortization | 1,222
Operating lease right-of-use asset | 266
Fair value of derivatives assets | 93
Other deferred charges and noncurrent assets | 14
TOTAL OTHER NONCURRENT ASSETS | 1,626
TOTAL ASSETS | $7,162
(a) Not included in the fair value of derivative assets above is $2 million related to an intercompany amount with CECONY, which amount is eliminated in consolidation. See Note U as that amount is governed by derivative agreements, it will remain an asset of the Clean Energy Businesses following the expected close of the sale transaction.
(Millions of Dollars) | December 31, 2022
LIABILITIES |
CURRENT LIABILITIES |
Long-term debt due within one year | $353
Term loan | 150
Accounts payable | 326
Operating lease liabilities | 33
Accrued Interest | 40
Other current liabilities | 71
TOTAL CURRENT LIABILITIES | 973
NONCURRENT LIABILITIES |
Asset retirement obligations | 77
Operating lease liabilities | 248
Other deferred credits and noncurrent liabilities | 20
TOTAL NONCURRENT LIABILITIES | 345
LONG-TERM DEBT | 2,292
TOTAL LIABILITIES | $3,610

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