XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

SUPPLEMENTAL CASH FLOW INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2018
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract] |
SUPPLEMENTAL CASH FLOW INFORMATION | SUPPLEMENTAL CASH FLOW INFORMATION
|  | Six Months Ended June 30
(in millions) |  | 2018 |  | 2017
Cash (paid) for interest, net of amount capitalized |  | $ | (215.6 | ) |  | $ | (209.3 | )
Cash (paid) received for income taxes, net |  | (47.6 | ) |  | 9.5 |
Significant non-cash transactions |  |  |  |
Accounts payable related to construction costs |  | 77.4 |  |  | 155.5 |
Portion of Bostco real estate holdings sale financed with note receivable * |  | — |  |  | 7.0 |
Amortization of deferred revenue |  | 12.6 |  |  | 12.4 |
* | See Note 3, Disposition, for more information on this sale.
Effective January 1, 2018, we adopted ASU 2016-18, Restricted Cash. Under this ASU, amounts generally described as restricted cash and restricted cash equivalents are included with cash and cash equivalents when reconciling the beginning-of-the period and end-of-the period total amounts shown on the statements of cash flows. As a result, we no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statements of cash flows. Instead, changes in restricted cash are classified as either operating activities, investing activities, or financing activities. The majority of our restricted cash consists of amounts held in the Integrys rabbi trust, which are used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans. All assets held within the rabbi trust are restricted as they can only be withdrawn from the trust to make qualifying benefit payments. The adoption of ASU 2016-18 resulted in an increase of $12.3 million in net cash flows used by investing activities from what was previously reported for the six months ended June 30, 2017. See the following table for a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheets to the sum of the total of the same amounts shown in the statements of cash flows at June 30:
(in millions) |  | 2018 |  | 2017
Cash and cash equivalents |  | $ | 29.8 |  |  | $ | 36.5 |
Restricted cash included in other long term assets |  | 22.2 |  |  | 21.8 |
Cash, cash equivalents, and restricted cash |  | $ | 52.0 |  |  | $ | 58.3 |
Effective January 1, 2018, we adopted ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments. There are eight main provisions of this ASU for which current GAAP either was unclear or did not include specific guidance. The adoption of this guidance had no impact on our financial statements for the six months ended June 30, 2018 and 2017. ASU 2016-15 provides an accounting policy election for classifying distributions received from equity method investments. We adopted the cumulative earnings approach for classifying distributions received in the statements of cash flows. Under the cumulative earnings approach, we compare the distributions received to cumulative equity method earnings since inception. Any distributions received up to the amount of cumulative equity earnings are considered a return on investment and classified in operating activities. Any excess distributions are considered a return of investment and classified in investing activities. We did not receive any excess distributions during the six months ended June 30, 2018 and 2017.

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

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration