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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of financial information related to our reportable segments

The following tables show summarized financial information related to our reportable segments for the three and six months ended June 30, 2023 and 2022:

						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, 2023
External revenues						$	1,424.5					$	273.5					$	81.9					$	1,779.9					$	—					$	50.0					$	0.1					$	—					$	1,830.0
Intersegment revenues						—						—						—						—						—						119.0						—						(119.0)						—
Other operation and maintenance						351.8						105.3						21.8						478.9						—						20.3						0.7						(3.9)						496.0
Depreciation and amortization						210.3						58.5						10.6						279.4						—						48.4						5.2						(19.1)						313.9
Equity in earnings of transmission affiliates						—						—						—						—						43.6						—						—						—						43.6
Interest expense						150.1						21.4						4.1						175.6						4.8						25.1						62.0						(88.8)						178.7
Income tax expense (benefit)						53.6						10.9						1.3						65.8						9.7						(19.7)						(7.3)						—						48.5
Net income (loss)						185.9						30.1						3.7						219.7						29.1						85.9						(44.7)						—						290.0
Net income (loss) attributed to common shareholders						185.6						30.1						3.7						219.4						29.1						85.9						(44.7)						—						289.7

						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
Six Months Ended June 30, 2023
External revenues						$	3,420.8					$	873.2					$	331.9					$	4,625.9					$	—					$	92.1					$	0.1					$	—					$	4,718.1
Intersegment revenues						—						—						—						—						—						243.1						—						(243.1)						—
Other operation and maintenance						732.6						219.0						46.5						998.1						—						38.1						(0.7)						(5.5)						1,030.0
Depreciation and amortization						417.6						117.0						21.0						555.6						—						91.1						10.3						(37.6)						619.4
Equity in earnings of transmission affiliates						—						—						—						—						87.4						—						—						—						87.4
Interest expense						300.7						43.0						8.3						352.0						9.6						45.0						117.6						(173.3)						350.9
Income tax expense (benefit)						119.5						52.9						12.5						184.9						19.4						(37.5)						(44.2)						—						122.6
Net income (loss)						443.4						143.2						36.9						623.5						58.4						174.2						(58.5)						—						797.6
Net income (loss) attributed to common shareholders						442.8						143.2						36.9						622.9						58.4						174.4						(58.5)						—						797.2

						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

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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