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Organization and Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Regulatory assets on the Balance Sheets
The following table provides information about the composition of net regulatory assets and liabilities as of December 31, 2018 and December 31, 2017, and the changes during the year ended December 31, 2018:
Net Regulatory Assets (Liabilities) by Source
 
December 31,
2018
 
December 31,
2017
 
Change
 
 
(In millions)
Regulatory transition costs
 
$
49

 
$
46

 
$
3

Customer payables for future income taxes
 
(2,725
)
 
(2,765
)
 
40

Nuclear decommissioning and spent fuel disposal costs
 
(148
)
 
(323
)
 
175

Asset removal costs
 
(787
)
 
(774
)
 
(13
)
Deferred transmission costs
 
170

 
187

 
(17
)
Deferred generation costs
 
202

 
198

 
4

Deferred distribution costs
 
208

 
258

 
(50
)
Contract valuations
 
62

 
118

 
(56
)
Storm-related costs
 
500

 
329

 
171

Other
 
62

 
46

 
16

Net Regulatory Liabilities included on the Consolidated Balance Sheets
 
$
(2,407
)
 
$
(2,680
)
 
$
273
Receivables from customers
Billed and unbilled customer receivables as of December 31, 2018 and 2017, net of allowance for uncollectible accounts, are included below.
Customer Receivables
 
December 31, 2018
 
December 31, 2017
 
 
 
(In millions)
 
 
 
 
 
 
Billed
 
$
686

 
$
754

 
Unbilled
 
535

 
528

 
Total
 
$
1,221

 
$
1,282

 
Reconciliation of basic and diluted earnings per share
 
 
Year Ended December 31,
Reconciliation of Basic and Diluted EPS of Common Stock
 
2018
 
2017
 
2016
 
 
 
 
 
(In millions, except per share amounts)
 
 
 
 
 
 
EPS of Common Stock
 
 
 
 
 
 
Income from continuing operations
 
$
1,022

 
$
(289
)
 
$
551

Less: Preferred dividends
 
(71
)
 
—

 
—

Less: Amortization of beneficial conversion feature
 
(296
)
 
—

 
—

Less: Undistributed earnings allocated to preferred stockholders(1)
 
—

 
—

 
—

Income from continuing operations available to common stockholders
 
655

 
(289
)
 
551

Discontinued operations, net of tax
 
326

 
(1,435
)
 
(6,728
)
Less: Undistributed earnings allocated to preferred stockholders (1)
 
 
—

 
—

 
—

Income (loss) from discontinued operations available to common stockholders
 
326

 
(1,435
)
 
(6,728
)
 
 
 
 
 
 
 
Net Income (loss) attributable to common stockholders, basic and diluted
 
$
981

 
$
(1,724
)
 
$
(6,177
)
 
 
 
 
 
 
 
Share Count information:
 
 
 
 
 
 
Weighted average number of basic shares outstanding
 
492

 
444

 
426

Assumed exercise of dilutive stock options and awards
 
2

 
—

 
—

Weighted average number of diluted shares outstanding
 
494

 
444

 
426

 
 
 
 
 
 
 
Net Income (loss) attributable to common stockholders, per share:
 
 
 
 
 
 
Income from continuing operations, basic
 
$
1.33

 
$
(0.65
)
 
$
1.29

Discontinued operations, basic
 
0.66

 
(3.23
)
 
(15.78
)
Net income (loss) attributable to common stockholders, basic
 
$
1.99

 
$
(3.88
)
 
$
(14.49
)
 
 
 
 
 
 
 
Income from continuing operations, diluted
 
$
1.33

 
$
(0.65
)
 
$
1.29

Discontinued operations, diluted
 
0.66

 
(3.23
)
 
(15.78
)
Net income (loss) attributable to common stockholders, diluted
 
$
1.99

 
$
(3.88
)
 
$
(14.49
)

(1) 
Undistributed earnings were not allocated to participating securities for the year ended December 31, 2018, as income from continuing operations less dividends declared (common and preferred) and deemed dividends were negative.
Property, plant and equipment balances
Property, plant and equipment balances by segment as of December 31, 2018 and 2017, were as follows:
 
 
December 31, 2018
Property, Plant and Equipment
 
In Service(1)
 
Accum. Depr.
 
Net Plant
 
CWIP
 
Total
 
 
(In millions)
Regulated Distribution
 
$
27,520

 
$
(8,132
)
 
$
19,388

 
$
628

 
$
20,016

Regulated Transmission
 
11,041

 
(2,210
)
 
8,831

 
545

 
9,376

Corporate/Other
 
908

 
(451
)
 
457

 
62

 
519

Total
 
$
39,469

 
$
(10,793
)
 
$
28,676

 
$
1,235

 
$
29,911



 
 
December 31, 2017
Property, Plant and Equipment
 
In Service(1)
 
Accum. Depr.
 
Net Plant
 
CWIP
 
Total
 
 
(In millions)
Regulated Distribution
 
$
25,950

 
$
(7,503
)
 
$
18,447

 
$
469

 
$
18,916

Regulated Transmission
 
10,102

 
(2,055
)
 
8,047

 
480

 
8,527

Corporate/Other
 
1,061

 
(453
)
 
608

 
50

 
658

Total
 
$
37,113

 
$
(10,011
)
 
$
27,102

 
$
999

 
$
28,101


(1) Includes capital leases of $173 million and $190 million as of December 31, 2018 and 2017, respectively.

Annual composite rates
The respective annual composite depreciation rates for FirstEnergy were 2.6%, 2.4% and 2.3% in 2018, 2017 and 2016, respectively.

Summary of changes in goodwill
FirstEnergy's reporting units are consistent with its reportable segments and consist of Regulated Distribution and Regulated Transmission. The following table presents goodwill by reporting unit as of December 31, 2018:
 
 
Regulated Distribution
 
Regulated Transmission
 
Consolidated
 
 
(In millions)
Goodwill
 
$
5,004

 
$
614

 
$
5,618