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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Financial information of reportable segments

The following tables show summarized financial information related to our reportable segments for the three and six months ended June 30, 2022 and 2021:

						Utility Operations
(in millions)						Wisconsin						Illinois						Other States						Total Utility Operations						Electric Transmission						Non-Utility Energy Infrastructure						Corporate and Other						Reconciling Eliminations						WEC Energy Group Consolidated
Three Months Ended June 30, 2022
External revenues						$	1,557.4					$	442.4					$	99.9					$	2,099.7					$	—					$	28.1					$	0.1					$	—					$	2,127.9
Intersegment revenues						—						—						—						—						—						115.5						—						(115.5)						—
Other operation and maintenance						337.9						79.1						22.9						439.9						—						13.9						(0.9)						(3.9)						449.0
Depreciation and amortization						187.7						57.4						10.2						255.3						—						34.3						6.8						(16.8)						279.6
Equity in earnings of transmission affiliates						—						—						—						—						43.0						—						—						—						43.0
Interest expense						135.6						18.0						3.2						156.8						4.8						17.4						24.6						(83.8)						119.8
Income tax expense (benefit)						49.3						21.2						0.9						71.4						9.3						(7.3)						(10.0)						—						63.4
Net income (loss)						148.7						56.4						2.7						207.8						29.0						80.3						(29.3)						—						287.8
Net income (loss) attributed to common shareholders						148.4						56.4						2.7						207.5						29.0						80.3						(29.3)						—						287.5

						Utility Operations
(in millions)						Wisconsin						Illinois						Other States						Total Utility Operations						Electric Transmission						Non-Utility Energy Infrastructure						Corporate and Other						Reconciling Eliminations						WEC Energy Group Consolidated
Three Months Ended June 30, 2021
External revenues						$	1,307.5					$	275.5					$	72.1					$	1,655.1					$	—					$	21.0					$	0.1					$	—					$	1,676.2
Intersegment revenues						—						—						—						—						—						112.5						—						(112.5)						—
Other operation and maintenance						346.1						90.8						21.2						458.1						—						12.4						(2.8)						(3.9)						463.8
Depreciation and amortization						179.8						54.0						9.4						243.2						—						31.3						6.4						(14.7)						266.2
Equity in earnings of transmission affiliates						—						—						—						—						41.3						—						—						—						41.3
Interest expense						139.8						16.6						1.5						157.9						4.8						17.9						24.6						(85.2)						120.0
Income tax expense						23.1						16.0						0.8						39.9						9.4						0.7						4.1						—						54.1
Net income (loss)						146.8						43.6						2.5						192.9						27.0						68.2						(12.4)						—						275.7
Net income (loss) attributed to common shareholders						146.5						43.6						2.5						192.6						27.0						68.8						(12.4)						—						276.0

						Utility Operations
(in millions)						Wisconsin						Illinois						Other States						Total Utility Operations						Electric Transmission						Non-Utility Energy Infrastructure						Corporate and Other						Reconciling Eliminations						WEC Energy Group Consolidated
Six Months Ended June 30, 2022
External revenues						$	3,499.7					$	1,124.5					$	340.8					$	4,965.0					$	—					$	70.7					$	0.3					$	—					$	5,036.0
Intersegment revenues						—						—						—						—						—						232.4						—						(232.4)						—
Other operation and maintenance						650.5						192.7						47.5						890.7						—						24.8						(6.6)						(5.5)						903.4
Depreciation and amortization						374.8						114.2						20.2						509.2						—						68.3						13.3						(33.1)						557.7
Equity in earnings of transmission affiliates						—						—						—						—						84.7						—						—						—						84.7
Interest expense						271.9						35.7						6.5						314.1						9.7						34.6						47.2						(168.2)						237.4
Income tax expense (benefit)						144.7						63.3						11.3						219.3						18.2						(12.2)						(34.8)						—						190.5
Net income (loss)						437.1						169.8						34.2						641.1						56.8						173.6						(15.7)						—						855.8
Net income (loss) attributed to common shareholders						436.5						169.8						34.2						640.5						56.8						171.8						(15.7)						—						853.4

						Utility Operations
(in millions)						Wisconsin						Illinois						Other States						Total Utility Operations						Electric Transmission						Non-Utility Energy Infrastructure						Corporate and Other						Reconciling Eliminations						WEC Energy Group Consolidated
Six Months Ended June 30, 2021
External revenues						$	3,039.2					$	978.9					$	305.4					$	4,323.5					$	—					$	43.9					$	0.2					$	—					$	4,367.6
Intersegment revenues						—						—						—						—						—						227.2						—						(227.2)						—
Other operation and maintenance						688.0						200.1						44.4						932.5						—						21.3						(4.6)						(5.5)						943.7
Depreciation and amortization						356.0						106.7						18.6						481.3						—						62.3						13.0						(29.0)						527.6
Equity in earnings of transmission affiliates						—						—						—						—						83.9						—						—						—						83.9
Interest expense						279.9						33.1						3.0						316.0						9.7						35.9						48.8						(170.9)						239.5
Income tax expense (benefit)						71.2						57.4						9.2						137.8						19.2						0.8						(28.8)						—						129.0
Net income						403.4						155.7						27.2						586.3						55.0						139.5						5.2						—						786.0
Net income attributed to common shareholders						402.8						155.7						27.2						585.7						55.0						140.2						5.2						—						786.1

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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