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CONDENSED CONSOLIDATED BALANCE SHEETS, UTILITY - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 262 $ 291
Restricted cash (includes $134 million and $4 million related to VIEs at respective dates) 145 16
Accounts receivable    
Customers (net of allowance for doubtful accounts of $192 million and $171 million at respective dates) (includes $2.29 billion and $2.06 billion related to VIEs, net of allowance for doubtful accounts of $192 million and $171 million at respective dates) 2,726 2,345
Accrued unbilled revenue (includes $992 million and $1.09 billion related to VIEs at respective dates) 1,150 1,207
Regulatory balancing accounts 3,037 2,999
Other 2,261 1,784
Regulatory assets 317 496
Inventories    
Gas stored underground and fuel oil 82 44
Materials and supplies 666 552
Wildfire Fund asset 461 461
Other 1,103 882
Total current assets 12,210 11,077
Property, Plant, and Equipment    
Electric 73,647 69,482
Gas 27,725 25,979
Construction work in progress 4,122 3,479
Financing lease 19 20
Total property, plant, and equipment 105,513 98,960
Accumulated depreciation (30,438) (29,134)
Net property, plant, and equipment 75,075 69,826
Other Noncurrent Assets    
Regulatory assets 16,448 9,207
Customer credit trust 874 0
Nuclear decommissioning trusts 3,149 3,798
Operating lease right of use asset 1,199 1,234
Wildfire Fund asset 4,967 5,313
Income taxes receivable 9 9
Other (includes noncurrent accounts receivable of $36 million and $187 million related to VIEs, net of noncurrent allowance for doubtful accounts of $3 million and $15 million at respective dates) 3,081 2,863
Total other noncurrent assets 29,727 22,424
TOTAL ASSETS 117,012 103,327
Current Liabilities    
Short-term borrowings 1,795 2,184
Long-term debt, classified as current (includes $128 million and $18 million related to VIEs at respective dates) 1,030 4,481
Accounts payable    
Trade creditors 2,964 2,855
Regulatory balancing accounts 1,718 1,121
Other 633 679
Operating lease liabilities 328 468
Interest payable (includes $107 million and $3 million related to VIEs at respective dates) 439 481
Wildfire-related claims 2,194 2,722
Other 2,926 2,436
Total current liabilities 14,027 17,427
Noncurrent Liabilities    
Long-term debt (includes $9.54 billion and $1.82 billion related to VIEs at respective dates) 47,854 38,225
Regulatory liabilities 16,921 11,999
Pension and other postretirement benefits 669 860
Asset retirement obligations 6,223 5,298
Deferred income taxes 3,224 3,177
Operating lease liabilities 996 810
Other 4,612 4,308
Total noncurrent liabilities 80,499 64,677
Shareholders' Equity    
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates 34,164 35,129
Reinvested earnings (8,055) (9,284)
Accumulated other comprehensive loss (37) (20)
Total shareholders' equity 22,234 20,971
TOTAL LIABILITIES AND EQUITY 117,012 103,327
Pacific Gas & Electric Co (Utility)    
Current Assets    
Cash and cash equivalents 107 165
Restricted cash (includes $134 million and $4 million related to VIEs at respective dates) 145 16
Accounts receivable    
Customers (net of allowance for doubtful accounts of $192 million and $171 million at respective dates) (includes $2.29 billion and $2.06 billion related to VIEs, net of allowance for doubtful accounts of $192 million and $171 million at respective dates) 2,726 2,345
Accrued unbilled revenue (includes $992 million and $1.09 billion related to VIEs at respective dates) 1,150 1,207
Regulatory balancing accounts 3,037 2,999
Other 1,991 1,932
Regulatory assets 317 496
Inventories    
Gas stored underground and fuel oil 82 44
Materials and supplies 666 552
Wildfire Fund asset 461 461
Other 1,091 869
Total current assets 11,773 11,086
Property, Plant, and Equipment    
Electric 73,647 69,482
Gas 27,725 25,979
Construction work in progress 4,122 3,480
Financing lease 18 18
Total property, plant, and equipment 105,512 98,959
Accumulated depreciation (30,438) (29,131)
Net property, plant, and equipment 75,074 69,828
Other Noncurrent Assets    
Regulatory assets 16,448 9,207
Customer credit trust 874 0
Nuclear decommissioning trusts 3,149 3,798
Operating lease right of use asset 1,199 1,232
Wildfire Fund asset 4,967 5,313
Income taxes receivable 7 7
Other (includes noncurrent accounts receivable of $36 million and $187 million related to VIEs, net of noncurrent allowance for doubtful accounts of $3 million and $15 million at respective dates) 2,948 2,706
Total other noncurrent assets 29,592 22,263
TOTAL ASSETS 116,439 103,177
Current Liabilities    
Short-term borrowings 1,795 2,184
Long-term debt, classified as current (includes $128 million and $18 million related to VIEs at respective dates) 1,003 4,455
Accounts payable    
Trade creditors 2,962 2,853
Regulatory balancing accounts 1,718 1,121
Other 590 648
Operating lease liabilities 327 467
Interest payable (includes $107 million and $3 million related to VIEs at respective dates) 413 430
Wildfire-related claims 2,194 2,722
Other 2,506 2,430
Total current liabilities 13,508 17,310
Noncurrent Liabilities    
Long-term debt (includes $9.54 billion and $1.82 billion related to VIEs at respective dates) 43,265 33,632
Regulatory liabilities 16,921 11,999
Pension and other postretirement benefits 575 764
Asset retirement obligations 6,223 5,298
Deferred income taxes 3,568 3,409
Operating lease liabilities 996 810
Other 4,660 4,345
Total noncurrent liabilities 76,208 60,257
Shareholders' Equity    
Preferred stock 258 258
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates 1,322 1,322
Additional paid-in capital 28,713 28,286
Reinvested earnings (3,545) (4,247)
Accumulated other comprehensive loss (25) (9)
Total shareholders' equity 26,723 25,610
TOTAL LIABILITIES AND EQUITY $ 116,439 $ 103,177