XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 399 $ 199
Receivables-    
Customers, net of allowance for uncollectible accounts of $3 in 2017 and $5 in 2016 1,370 1,440
Other 172 175
Materials and supplies 543 564
Derivatives 35 140
Collateral 146 176
Prepaid taxes and other 143 158
Total current assets 2,931 2,950
PROPERTY, PLANT AND EQUIPMENT:    
In service 44,229 43,767
Less — Accumulated provision for depreciation 16,086 15,731
Property, plant and equipment in service net of accumulated provision for depreciation 28,143 28,036
Construction work in progress 1,355 1,351
Total net property, plant and equipment 29,498 29,387
INVESTMENTS:    
Nuclear plant decommissioning trusts 2,632 2,514
Other 511 512
Total other property and investments 3,143 3,026
DEFERRED CHARGES AND OTHER ASSETS:    
Other 742 1,153
Total deferred charges and other assets 7,289 7,785
Total assets 43,649 43,148
CURRENT LIABILITIES:    
Currently payable long-term debt 1,076 1,685
Accounts payable-    
Accrued taxes 520 580
Other 867 738
Total current liabilities 4,255 7,126
Common stockholders’ equity-    
Common stock, without par value, authorized 750 shares - 7 shares outstanding as of September 30, 2017 and December 31, 2016 44 44
Accumulated other comprehensive income 151 174
Accumulated deficit (3,763) (4,532)
Total common stockholders’ equity 6,406 6,241
Long-term debt and other long-term obligations 21,089 18,192
Total capitalization 27,495 24,433
NONCURRENT LIABILITIES:    
Deferred gain on sale and leaseback transaction 732 757
Retirement benefits 3,814 3,719
Asset retirement obligations 1,550 1,482
Other 1,435 1,704
Total noncurrent liabilities 11,899 11,589
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 11)
Total liabilities and capitalization 43,649 43,148
FES    
CURRENT ASSETS:    
Cash and cash equivalents 2 2
Receivables-    
Customers, net of allowance for uncollectible accounts of $3 in 2017 and $5 in 2016 171 213
Affiliated companies 327 452
Other 13 27
Notes receivable from affiliated companies 0 29
Materials and supplies 263 267
Derivatives 31 137
Collateral 126 157
Prepaid taxes and other 29 63
Total current assets 962 1,347
PROPERTY, PLANT AND EQUIPMENT:    
In service 7,443 7,057
Less — Accumulated provision for depreciation 6,123 5,929
Property, plant and equipment in service net of accumulated provision for depreciation 1,320 1,128
Construction work in progress 288 427
Total net property, plant and equipment 1,608 1,555
INVESTMENTS:    
Nuclear plant decommissioning trusts 1,823 1,552
Other 9 10
Total other property and investments 1,832 1,562
DEFERRED CHARGES AND OTHER ASSETS:    
Property taxes 6 40
Accumulated deferred income taxes 2,057 2,279
Derivatives 5 77
Other 369 381
Total deferred charges and other assets 2,437 2,777
Total assets 6,839 7,241
CURRENT LIABILITIES:    
Currently payable long-term debt 267 179
Accounts payable-    
Affiliated companies 230 550
Other 98 110
Accrued taxes 32 143
Derivatives 12 77
Other 167 156
Total current liabilities 992 1,316
Common stockholders’ equity-    
Common stock, without par value, authorized 750 shares - 7 shares outstanding as of September 30, 2017 and December 31, 2016 3,748 3,658
Accumulated other comprehensive income 74 69
Accumulated deficit (3,494) (3,509)
Total common stockholders’ equity 328 218
Long-term debt and other long-term obligations 2,559 2,813
Total capitalization 2,887 3,031
NONCURRENT LIABILITIES:    
Deferred gain on sale and leaseback transaction 732 757
Retirement benefits 207 197
Asset retirement obligations 988 901
Other 1,033 1,039
Total noncurrent liabilities 2,960 2,894
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 11)
Total liabilities and capitalization 6,839 7,241
FES | Affiliated Companies    
CURRENT LIABILITIES:    
Affiliated companies $ 186 $ 101