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Acquisitions, Discontinued Operations and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Collective Collateral Facilities | The Company also increased its collective collateral facilities by $3.4 billion as of the Acquisition Closing Date to meet the additional liquidity requirements related to the acquisition, as detailed in the following table:
(In millions) | December 31, 2020
Revolving Credit Facility commitment increase(a) | $ | 802 |
Revolving Credit Facility new tranche(a) | 273
Credit default swap facility | 150
Revolving accounts receivable financing facility | 750
Repurchase facility | 75
Facility agreement in connection with the sale of pre-capitalized trust securities(a) | 874
Bilateral letter of credit facilities | 475
Total Increases to Liquidity and Collateral Facilities | $ | 3,399 |
(a) Available upon the Acquisition Closing Date
Schedule of Purchase Price Allocation | The purchase price is provisionally allocated as follows:
| (In millions)
Assets |
Cash and cash equivalents | $ | 152 |
Current assets | 3,374 |
Property, plant and equipment | 166 |
Goodwill and other intangibles (a) | 3,446 |
Other non-current assets | 687 |
Total assets acquired | 7,825 |
Liabilities |
Current liabilities | 3,085 |
Non-current liabilities | 1,038 |
Total liabilities assumed | 4,123 |
Direct Energy Purchase Price | $ | 3,702 |
(a) Goodwill arising from the acquisition is attributed to the value of the platform acquired and the synergies expected from combining the operations of Direct Energy with NRG's existing businesses. 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 of $5 million and $1 million was assigned to the Texas and East segments, respectively, and is not deductible for tax purposes 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 |
(a) Goodwill arising from the acquisition is attributed to the value of the platform acquired and the synergies expected from combining the operations of XOOM Energy with NRG's existing businesses. Goodwill of $28 million and $6 million was assigned to the Texas and East segments, respectively, and is deductible for tax purposes
Summary of Results of Discontinued Operations | Summarized results of South Central discontinued operations were as follows:
|  | Year Ended December 31,
(In millions) |  | 2019 |  | 2018
Operating revenues |  | $ | 31 |  |  | $ | 410 |
Operating costs and expenses |  | (23) |  |  | (346) |
Other income |  | — |  |  | 2 |
Gain from operations of discontinued components |  | 8 |  |  | 66 |
Gain on disposal of discontinued operations, net of tax |  | 20 |  |  | — |
Gain from discontinued operations, including disposal, net of tax |  | $ | 28 |  |  | $ | 66 |
Summarized results of NRG Yield, Inc. and Renewables Platform and Carlsbad discontinued operations were as follows:
(In millions) |  | 2019 |  | 2018
Operating revenues |  | $ | 19 |  |  | $ | 909 |
Operating costs and expenses |  | (9) |  |  | (661) |
Other expenses |  | (5) |  |  | (174) |
Gain/(loss) from operations of discontinued components, before tax |  | 5 |  |  | 74 |
Income tax expense |  | — |  |  | 4 |
Gain/(loss) from discontinued operations, net of tax |  | 5 |  |  | 70 |
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) |
Summarized results of discontinued operations were as follows:
|  | Year Ended December 31,
(In millions) |  | 2019 |  | 2018
Interest income - affiliate |  | $ | — |  |  | $ | 3 |
Income/(loss) from discontinued operations, net of tax |  | — |  |  | 3 |
Settlement consideration, insurance and services credit |  | — |  |  | 63 |
Pension and post-retirement liability assumption |  | — |  |  | 21 |
Other |  | (3) |  |  | (53) |
(Loss)/income on disposal of discontinued operations, net of tax |  | (3) |  |  | 31 |
(Loss)/income from discontinued operations, net of tax |  | $ | (3) |  |  | $ | 34 |

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