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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

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 months ended March 31, 2024 and 2023:

						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 March 31, 2024
External revenues						$	1,778.8					$	666.0					$	184.6					$	2,629.4					$	—					$	50.8					$	—					$	—					$	2,680.2
Intersegment revenues						—						—						—						—						—						120.1						—						(120.1)						—
Other operation and maintenance						389.9						107.0						20.6						517.5						—						18.2						(3.4)						(1.5)						530.8
Depreciation and amortization						224.6						63.5						11.4						299.5						—						49.1						5.6						(20.8)						333.4
Equity in earnings of transmission affiliates						—						—						—						—						44.8						—						—						—						44.8
Interest expense						157.8						25.0						4.0						186.8						4.8						24.1						66.6						(90.3)						192.0
Income tax expense (benefit)						74.9						72.1						13.0						160.0						9.9						(23.4)						(58.8)						—						87.7
Net income						266.7						187.5						38.6						492.8						30.1						94.3						5.4						—						622.6
Net income attributed to common shareholders						266.4						187.5						38.6						492.5						30.1						94.3						5.4						—						622.3

						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 March 31, 2023
External revenues						$	1,996.3					$	599.7					$	250.0					$	2,846.0					$	—					$	42.1					$	—					$	—					$	2,888.1
Intersegment revenues						—						—						—						—						—						124.1						—						(124.1)						—
Other operation and maintenance						380.8						113.7						24.7						519.2						—						17.8						(1.4)						(1.6)						534.0
Depreciation and amortization						207.3						58.5						10.4						276.2						—						42.7						5.1						(18.5)						305.5
Equity in earnings of transmission affiliates						—						—						—						—						43.8						—						—						—						43.8
Interest expense						150.6						21.6						4.2						176.4						4.8						19.9						55.6						(84.5)						172.2
Income tax expense (benefit)						65.9						42.0						11.2						119.1						9.7						(17.8)						(36.9)						—						74.1
Net income (loss)						257.5						113.1						33.2						403.8						29.3						88.3						(13.8)						—						507.6
Net income (loss) attributed to common shareholders						257.2						113.1						33.2						403.5						29.3						88.5						(13.8)						—						507.5

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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
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-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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- References

No definition available.

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