XML 64 R46.htm IDEA: XBRL DOCUMENT v3.6.0.2

Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Provision for income taxes (benefits)

INCOME TAXES (BENEFITS)(1)		2016				2015				2014
		(In millions)
FirstEnergy
Currently payable (receivable)-
Federal		$	(1	)		$	1			$	(132	)
State		9				30				(72		)
		8				31				(204		)
Deferred, net-
Federal		(3,114		)		277				214
State		59				15				(42		)
		(3,055		)		292				172
Investment tax credit amortization		(8		)		(8		)		(10		)
Total provision for income taxes (benefits)		$	(3,055	)		$	315			$	(42	)
FES
Currently payable (receivable)-
Federal		$	(67	)		$	(56	)		$	(222	)
State		(1		)		2				(13		)
		(68		)		(54		)		(235		)
Deferred, net-
Federal		(2,861		)		103				25
State		(57		)		18				(14		)
		(2,918		)		121				11
Investment tax credit amortization		(2		)		(2		)		(4		)
Total provision for income taxes (benefits)		$	(2,988	)		$	65			$	(228	)
(1) Provision for Income Taxes (Benefits) on Income from Continuing Operations. Currently payable (receivable) in 2014 excludes $106 million and $12 million of federal and state taxes, respectively, associated with discontinued operations. Deferred, net in 2014 excludes $44 million and $5 million of federal and state tax benefits, respectively, associated with discontinued operations.

Reconciliation of federal income tax expense at the federal statutory rate to the total provision for income taxes

The following tables provide a reconciliation of federal income tax expense at the federal statutory rate to the total income taxes on continuing operations for the three years ended December 31:

	2016				2015				2014
	(In millions)
FirstEnergy
Income (loss) from Continuing Operations before income taxes (benefits)	$	(9,232	)		$	893			$	171
Federal income tax expense (benefit) at statutory rate (35%)	$	(3,231	)		$	313			$	60
Increases (reductions) in taxes resulting from-
State income taxes, net of federal tax benefit	(192		)		17				(21		)
AFUDC equity and other flow-through	(13		)		(16		)		(13		)
Amortization of investment tax credits	(8		)		(8		)		(10		)
Change in accounting method	—				(8		)		(27		)
ESOP dividend	(6		)		(6		)		(6		)
Impairment of non-deductible goodwill	157				—				—
Tax basis balance sheet adjustments	—				—				(25		)
Uncertain tax positions	(16		)		1				(35		)
Valuation allowances	246				18				33
Other, net	8				4				2
Total income taxes (benefits)	$	(3,055	)		$	315			$	(42	)
Effective income tax rate	33.1		%		35.3		%		(24.6		)%
FES
Income (loss) from Continuing Operations before income taxes (benefits)	$	(8,444	)		$	147			$	(588	)
Federal income tax expense (benefit) at statutory rate (35%)	$	(2,955	)		$	51			$	(206	)
Increases (reductions) in taxes resulting from-
State income taxes, net of federal tax benefit	(188		)		2				(28		)
Amortization of investment tax credits	(2		)		(2		)		(4		)
ESOP dividend	(1		)		(1		)		(1		)
Impairment of non-deductible goodwill	9				—				—
Uncertain tax positions	(8		)		5				—
Valuation allowances	151				14				14
Other, net	6				(4		)		(3		)
Total income taxes (benefits)	$	(2,988	)		$	65			$	(228	)
Effective income tax rate	35.4		%		44.2		%		38.8		%

Accumulated deferred income taxes

Accumulated deferred income taxes as of December 31, 2016 and 2015 are as follows:

		2016				2015
		(In millions)
FirstEnergy
Property basis differences		$	7,088			$	9,920
Deferred sale and leaseback gain		(351		)		(360		)
Pension and OPEB		(1,347		)		(1,541		)
Nuclear decommissioning activities		635				480
Asset retirement obligations		(669		)		(731		)
Regulatory asset/liability		545				763
Deferred compensation		(269		)		(239		)
Loss carryforwards and AMT credits		(2,251		)		(1,965		)
Valuation reserve		438				192
All other		(54		)		254
Net deferred income tax liability		$	3,765			$	6,773
FES
Property basis differences		$	(1,009	)		$	1,901
Deferred sale and leaseback gain		(328		)		(342		)
Pension and OPEB		(366		)		(393		)
Lease market valuation liability		111				95
Nuclear decommissioning activities		540				483
Asset retirement obligations		(453		)		(509		)
Loss carryforwards and AMT credits		(830		)		(687		)
Valuation reserve		197				46
All other		(141		)		6
Net deferred income tax liability (asset)		$	(2,279	)		$	600

Pre-tax net operating loss expiration period

Expiration Period		FirstEnergy								FES
		(In millions)
		State				Local				State				Local
2017-2021		$	166			$	2,998			$	2			$	1,795
2022-2026		1,327				—				—				—
2027-2031		2,817				—				410				—
2032-2036		2,752				—				1,172				—
		$	7,062			$	2,998			$	1,584			$	1,795

Changes in unrecognized tax benefits

The following table summarizes the changes in unrecognized tax positions for the years ended 2016, 2015 and 2014:

		FirstEnergy				FES
		(In millions)
Balance, January 1, 2014		$	48			$	3
Current year increases		4				—
Prior years increases		5				—
Prior years decreases		(23		)		—
Balance, December 31, 2014		$	34			$	3
Current year increases		3				—
Prior years increases		7				5
Prior years decreases		(10		)		—
Balance, December 31, 2015		$	34			$	8
Current year increases		2				—
Prior years increases		69				—
Prior years decreases		(21		)		(8		)
Balance, December 31, 2016		$	84			$	—

Details of general taxes

General Taxes

General tax expense for 2016, 2015 and 2014, is summarized as follows:

		2016				2015				2014
		(In millions)
FirstEnergy
KWH excise		$	196			$	193			$	194
State gross receipts		212				224				226
Real and personal property		472				410				393
Social security and unemployment		127				119				112
Other		35				32				37
Total general taxes		$	1,042			$	978			$	962
FES
State gross receipts		$	28			$	44			$	69
Real and personal property		42				36				39
Social security and unemployment		15				16				17
Other		3				2				3
Total general taxes		$	88			$	98			$	128

X

- Definition

Schedule of Taxes, General [Table Text Block]

+ References

No definition available.

+ Details

Name:	fe_ScheduleOfTaxesGeneralTableTextBlock
Namespace Prefix:	fe_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration