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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 30.3 $ 16.3
Accounts receivable and unbilled revenues, net of reserves of $175.8 and $198.3, respectively 1,447.7 1,505.7
Materials, supplies, and inventories 572.2 635.8
Prepaid taxes 193.0 182.1
Other prepayments 33.5 63.4
Amounts recoverable from customers 134.2 102.3
Derivative assets 189.8 107.0
Other 41.8 44.1
Current assets 2,642.5 2,656.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $10,183.2 and $9,889.3, respectively 27,626.2 26,982.4
Regulatory assets (June 30, 2022 and December 31, 2021 include $96.1 and $100.7, respectively, related to WEPCo Environmental Trust) 3,144.7 3,264.8
Equity investment in transmission affiliates 1,837.2 1,789.4
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 942.1 881.3
Other 361.6 361.1
Long-term assets 36,964.6 36,331.8
Total assets 39,607.1 38,988.5
Current liabilities    
Short-term debt 1,629.1 1,897.0
Current portion of long-term debt (June 30, 2022 and December 31, 2021 each include $8.8, respectively, related to WEPCo Environmental Trust) 174.4 169.4
Accounts payable 1,078.2 1,005.7
Other 936.1 680.9
Current liabilities 3,817.8 3,753.0
Long-term liabilities    
Long-term debt (June 30, 2022 and December 31, 2021 include $98.4 and $102.7, respectively, related to WEPCo Environmental Trust) 13,523.4 13,523.7
Deferred income taxes 4,493.1 4,308.5
Deferred revenue, net 378.7 389.2
Regulatory liabilities 4,000.1 3,946.0
Environmental remediation liabilities 504.3 532.6
Pension and OPEB obligations 222.2 219.0
Other 1,176.9 1,203.2
Long-term liabilities 24,298.7 24,122.2
Commitments and contingencies (Note 21)
Common shareholders' equity    
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding 3.2 3.2
Additional paid in capital 4,121.1 4,138.1
Retained earnings 7,169.5 6,775.1
Accumulated other comprehensive loss (3.2) (3.2)
Common shareholders' equity 11,290.6 10,913.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 169.6 169.7
Total liabilities and equity $ 39,607.1 $ 38,988.5