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Acquisitions, Discontinued Operations and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Allocation of Purchase Price | The purchase price was allocated as follows:
| (In millions)
Account receivable | $ | 98 |
Accounts payable | (73) |
Other net current and non-current working capital | 5 |
Marketing partnership | 154 |
Customer relationships | 85 |
Trade name | 28 |
Other intangible assets | 26 |
Goodwill (a) | 6 |
Stream Purchase Price | $ | 329 |
(a) Goodwill arising from the acquisition is attributed to the value of the platform acquired and the synergies expected from combining the operations of Stream Energy with NRG's existing businesses. Goodwill is assigned to the Retail segment and is not deductible for tax purposes. The acquisition increased NRG's retail portfolio by approximately 395,000 RCEs or 300,000 customers. The purchase price was allocated as follows:
| (In millions)
Net current and non-current working capital | $ | 46 |
Other intangible assets | 133 |
Goodwill | 34 |
XOOM Purchase Price | $ | 213 |
Summary of Results of Discontinued Operations | Summarized results of South Central discontinued operations were as follows:
|  | Year Ended December 31, |  |  |  |
(In millions) |  | 2019 |  | 2018 |  | 2017
Operating revenues |  | $ | 31 |  |  | $ | 410 |  |  | $ | 422 |
Operating costs and expenses |  | (23) |  |  | (346) |  |  | (335) |
Other income |  | — |  |  | 2 |  |  | — |
Gain from operations of discontinued components |  | 8 |  |  | 66 |  |  | 87 |
Gain on disposal of discontinued operations, net of tax |  | 20 |  |  | — |  |  | — |
Gain from discontinued operations, including disposal, net of tax |  | $ | 28 |  |  | $ | 66 |  |  | $ | 87 |
The following table summarizes the major classes of assets and liabilities classified as discontinued operations of South Central:
(In millions) |  |  | December 31, 2018
Cash and cash equivalents |  |  | $ | 89 |
Accounts receivable, net |  |  | 49 |
Inventory |  |  | 35 |
Other current assets |  |  | 5 |
Current assets - discontinued operations |  |  | 178 |
Property, plant and equipment, net |  |  | 408 |
Other non-current assets |  |  | 1 |
Non-current assets - discontinued operations |  |  | 409 |
Accounts payable |  |  | 19 |
Other current liabilities |  |  | 5 |
Current liabilities - discontinued operations |  |  | 24 |
Out-of-market contracts, net |  |  | 50 |
Other non-current liabilities |  |  | 11 |
Non-current liabilities - discontinued operations |  |  | $ | 61 |
Summarized results of NRG Yield, Inc. and Renewables Platform and Carlsbad discontinued operations were as follows:
|  | Year Ended December 31, |  |  |  |
(In millions) |  | 2019 |  | 2018 |  | 2017
Operating revenues |  | $ | 19 |  |  | $ | 909 |  |  | $ | 1,164 |
Operating costs and expenses |  | (9) |  |  | (661) |  |  | (1,114) |
Other expenses |  | (5) |  |  | (174) |  |  | (288) |
Gain/(loss) from operations of discontinued components, before tax |  | 5 |  |  | 74 |  |  | (238) |
Income tax expense |  | — |  |  | 4 |  |  | 52 |
Gain/(loss) from discontinued operations, net of tax |  | 5 |  |  | 70 |  |  | (290) |
Gain/(loss) on disposal of discontinued operations, net of tax |  | 265 |  |  | (134) |  |  | — |
Income/(expense) from California property tax indemnification |  | 22 |  |  | (153) |  |  | — |
Income/(expense) from other commitments, indemnification and fees |  | 4 |  |  | (75) |  |  | — |
Income/(loss) on disposal of discontinued operations, net of tax |  | 291 |  |  | (362) |  |  | — |
Income/(loss) from discontinued operations, net of tax |  | $ | 296 |  |  | $ | (292) |  |  | $ | (290) |
The following table summarizes the major classes of assets and liabilities classified as discontinued operations:
(In millions) |  |  | December 31, 2018 (a)
Restricted Cash |  |  | $ | 4 |
Accounts receivable, net |  |  | 10 |
Other current assets |  |  | 5 |
Current assets - discontinued operations |  |  | 19 |
Property, plant and equipment, net |  |  | 590 |
Intangible assets, net |  |  | 9 |
Other non-current assets |  |  | 4 |
Non-current assets - discontinued operations |  |  | 603 |
Current portion of long term debt and capital leases |  |  | 20 |
Accounts payable |  |  | 27 |
Other current liabilities |  |  | 1 |
Current liabilities - discontinued operations |  |  | 48 |
Long-term debt and capital leases |  |  | 572 |
Other non-current liabilities |  |  | 2 |
Non-current liabilities - discontinued operations |  |  | $ | 574 |
Summarized results of discontinued operations were as follows:
|  | Year Ended December 31, |  |  |  |
(In millions) |  | 2019 |  | 2018 |  | 2017
Operating revenues |  | $ | — |  |  | $ | — |  |  | $ | 646 |
Operating costs and expenses |  | — |  |  | — |  |  | (702) |
Other expenses |  | — |  |  | — |  |  | (98) |
Loss from operations of discontinued components, before tax |  | — |  |  | — |  |  | (154) |
Income tax expense |  | — |  |  | — |  |  | 9 |
Loss from discontinued operations |  | — |  |  | — |  |  | (163) |
Interest income - affiliate |  | — |  |  | 3 |  |  | 8 |
Income/(loss) from discontinued operations, net of tax |  | — |  |  | 3 |  |  | (155) |
Pre-tax loss on deconsolidation |  | — |  |  | — |  |  | (208) |
Settlement consideration, insurance and services credit |  | — |  |  | 63 |  |  | (289) |
Pension and post-retirement liability assumption |  | — |  |  | 21 |  |  | (131) |
Other |  | (3) |  |  | (53) |  |  | (6) |
(Loss)/income on disposal of discontinued operations, net of tax |  | (3) |  |  | 31 |  |  | (634) |
(Loss)/income from discontinued operations, net of tax |  | $ | (3) |  |  | $ | 34 |  |  | $ | (789) |

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