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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Property, plant and equipment $ 37,955 $ 35,059
Accumulated depreciation (7,379) (7,021)
Property, plant and equipment, net 30,576 28,038
Current assets:    
Cash and cash equivalents 98 96
Restricted funds 21 29
Accounts receivable, net of allowance for uncollectible accounts of $58 and $53, respectively 395 416
Income tax receivable 9 25
Unbilled revenues 433 315
Materials and supplies 112 103
Secured seller promissory note from the sale of the Homeowner Services Group 795 0
Other 328 231
Total current assets 2,191 1,215
Regulatory and other long-term assets:    
Regulatory assets 1,132 1,150
Secured seller promissory note from the sale of the Homeowner Services Group 0 795
Operating lease right-of-use assets 85 89
Goodwill 1,156 1,144
Other 302 399
Total regulatory and other long-term assets 2,675 3,577
Total assets 35,442 32,830
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 200,605,170 and 200,371,701 shares issued, respectively) 2 2
Paid-in-capital 8,642 8,598
Retained earnings 2,575 2,112
Accumulated other comprehensive income 6 12
Treasury stock, at cost (5,428,008 and 5,451,216 shares, respectively) (388) (392)
Total common shareholders' equity 10,837 10,332
Long-term debt 12,777 12,518
Redeemable preferred stock at redemption value 3 3
Total long-term debt 12,780 12,521
Total capitalization 23,617 22,853
Current liabilities:    
Short-term debt 1,588 879
Current portion of long-term debt 1,479 637
Accounts payable 378 346
Accrued liabilities 830 791
Accrued taxes 134 156
Accrued interest 140 111
Other 198 230
Total current liabilities 4,747 3,150
Regulatory and other long-term liabilities:    
Advances for construction 435 383
Deferred income taxes and investment tax credits 3,190 2,881
Regulatory liabilities 1,416 1,416
Operating lease liabilities 74 76
Accrued pension expense 167 217
Other 166 277
Total regulatory and other long-term liabilities 5,448 5,250
Contributions in aid of construction 1,630 1,577
Commitments and contingencies (See Note 16)
Total capitalization and liabilities $ 35,442 $ 32,830