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Consolidated Balance Sheets (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 199 $ 131
Receivables-    
Customers, net of allowance for uncollectible accounts of $5 in 2016 and $8 in 2015 1,440 1,415
Other, net of allowance for uncollectible accounts of $0 in 2016 and $3 in 2015 175 180
Materials and supplies 564 785
Derivatives 140 157
Collateral 176 70
Prepayments and other 158 167
Total current assets 2,950 3,040
PROPERTY, PLANT AND EQUIPMENT:    
In service 43,767 49,952
Less — Accumulated provision for depreciation 15,731 15,160
Property, plant and equipment in service net of accumulated provision for depreciation 28,036 34,792
Construction work in progress 1,351 2,422
Total net property, plant and equipment 29,387 37,214
INVESTMENTS:    
Nuclear plant decommissioning trusts 2,514 2,282
Other 512 506
Total other property and investments 3,026 2,788
DEFERRED CHARGES AND OTHER ASSETS:    
Customer intangibles 120  
Goodwill 5,618 6,418
Accumulated deferred income taxes 2,279 0
Other 1,153 1,286
Total deferred charges and other assets 7,785 9,052
Total assets 43,148 52,094
CURRENT LIABILITIES:    
Currently payable long-term debt 1,685 1,166
Short-term borrowings-    
Short-term borrowings 2,675 1,708
Accounts payable-    
Accrued taxes 580 519
Derivatives 78 106
Other 660 642
Total current liabilities 7,126 5,602
Common stockholders’ equity-    
Common stock, without par value, authorized 750 shares- 7 shares outstanding as of December 31, 2016 and 2015 44 42
Accumulated other comprehensive income 174 171
Retained earnings (Accumulated deficit) (4,532) 2,256
Total common stockholders’ equity 6,241 12,421
Long-term debt and other long-term obligations 18,192 19,099
Total capitalization 24,433 31,521
NONCURRENT LIABILITIES:    
Deferred gain on sale and leaseback transaction 757 791
Accumulated deferred income taxes 3,765 6,773
Retirement benefits 3,719 4,245
Asset retirement obligations 1,482 1,410
Other 1,704 1,555
Total noncurrent liabilities 11,589 14,971
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 16)
Total liabilities and capitalization 43,148 52,094
FES    
CURRENT ASSETS:    
Cash and cash equivalents 2 2
Receivables-    
Customers, net of allowance for uncollectible accounts of $5 in 2016 and $8 in 2015 213 275
Affiliated companies 452 451
Other, net of allowance for uncollectible accounts of $0 in 2016 and $3 in 2015 27 59
Notes receivable from affiliated companies 29 11
Materials and supplies 267 470
Derivatives 137 154
Collateral 157 70
Prepayments and other 63 66
Total current assets 1,347 1,558
PROPERTY, PLANT AND EQUIPMENT:    
In service 7,057 14,311
Less — Accumulated provision for depreciation 5,929 5,765
Property, plant and equipment in service net of accumulated provision for depreciation 1,128 8,546
Construction work in progress 427 1,157
Total net property, plant and equipment 1,555 9,703
INVESTMENTS:    
Nuclear plant decommissioning trusts 1,552 1,327
Other 10 10
Total other property and investments 1,562 1,337
DEFERRED CHARGES AND OTHER ASSETS:    
Customer intangibles 9 61
Goodwill 0 23
Property taxes 40 40
Derivatives 77 79
Other 372 367
Total deferred charges and other assets 2,777 570
Total assets 7,241 13,168
CURRENT LIABILITIES:    
Currently payable long-term debt 179 512
Short-term borrowings-    
Short-term borrowings 0 8
Accounts payable-    
Affiliated companies 550 542
Other 110 139
Accrued taxes 143 76
Derivatives 77 104
Other 156 181
Total current liabilities 1,316 1,562
Common stockholders’ equity-    
Common stock, without par value, authorized 750 shares- 7 shares outstanding as of December 31, 2016 and 2015 3,658 3,613
Accumulated other comprehensive income 69 46
Retained earnings (Accumulated deficit) (3,509) 1,946
Total common stockholders’ equity 218 5,605
Long-term debt and other long-term obligations 2,813 2,510
Total capitalization 3,031 8,115
NONCURRENT LIABILITIES:    
Deferred gain on sale and leaseback transaction 757 791
Accumulated deferred income taxes 0 600
Retirement benefits 197 332
Asset retirement obligations 901 831
Derivatives 52 38
Other 987 899
Total noncurrent liabilities 2,894 3,491
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 16)
Total liabilities and capitalization 7,241 13,168
FES | Affiliates    
Short-term borrowings-    
Other Short-term Borrowings $ 101 $ 0