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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | Summarized results of discontinued operations for the three and nine months ended September 30, 2019 and 2018, were as follows:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Revenues |  | $ | 62 |  |  | $ | 83 |  |  | $ | 147 |  |  | $ | 934 |
Fuel |  | (50 | ) |  | (52 | ) |  | (105 | ) |  | (269 | )
Purchased power |  | — |  |  | — |  |  | — |  |  | (85 | )
Other operating expenses |  | (16 | ) |  | (24 | ) |  | (42 | ) |  | (414 | )
Provision for depreciation |  | — |  |  | (18 | ) |  | — |  |  | (96 | )
General taxes |  | (2 | ) |  | (4 | ) |  | (11 | ) |  | (32 | )
Other income (expense) (1) |  | 2 |  |  | (1 | ) |  | 10 |  |  | (82 | )
Loss from discontinued operations, before tax |  | (4 | ) |  | (16 | ) |  | (1 | ) |  | (44 | )
Income tax expense |  | 17 |  |  | 7 |  |  | 45 |  |  | 39 |
Loss from discontinued operations, net of tax |  | (21 | ) |  | (23 | ) |  | (46 | ) |  | (83 | )
Gain (loss) on disposal of FES and FENOC, net of tax |  | 23 |  |  | (834 | ) |  | (16 | ) |  | 405 |
Income (loss) from discontinued operations |  | $ | 2 |  |  | $ | (857 | ) |  | $ | (62 | ) |  | $ | 322 |
(1) Other income (expense) for the three and nine months ended September 30, 2019, reflects the amounts owed to or from FG for its economic interests in Pleasants effective January 1, 2019, as further discussed above. The gain (loss) on disposal of FES and FENOC recognized in the three and nine months ended September 30, 2019 and 2018, consisted of the following:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Removal of investment in FES and FENOC |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,193 |
Assumption of benefit obligations retained at FE |  | — |  |  | — |  |  | — |  |  | (820 | )
Guarantees and credit support provided by FE |  | — |  |  | — |  |  | — |  |  | (139 | )
Reserve on receivables and allocated pension/OPEB mark-to-market |  | — |  |  | — |  |  | — |  |  | (914 | )
Settlement consideration and services credit |  | 8 |  |  | (1,183 | ) |  | (15 | ) |  | (1,183 | )
Gain (loss) on disposal of FES and FENOC, before tax |  | 8 |  |  | (1,183 | ) |  | (15 | ) |  | (863 | )
Income tax benefit (expense), including estimated worthless stock deduction |  | 15 |  |  | 349 |  |  | (1 | ) |  | 1,268 |
Gain (loss) on disposal of FES and FENOC, net of tax |  | $ | 23 |  |  | $ | (834 | ) |  | $ | (16 | ) |  | $ | 405 |
As of September 30, 2019, and December 31, 2018, material and supplies of $33 million and $25 million, respectively, are included in FirstEnergy’s Consolidated Balance Sheets as Current assets - discontinued operations. FirstEnergy’s Consolidated Statement of Cash Flows combines cash flows from discontinued operations with cash flows from continuing operations within each cash flow category. The following table summarizes the major classes of cash flow items from discontinued operations for the nine months ended September 30, 2019 and 2018:
|  | For the Nine Months Ended September 30,
(In millions) |  | 2019 |  | 2018
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |
Income (loss) from discontinued operations |  | $ | (62 | ) |  | $ | 322 |
Depreciation and amortization, including regulatory assets, net, intangible assets and deferred debt-related costs |  | — |  |  | 110 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |
Property additions |  | — |  |  | (27 | )
Sales of investment securities held in trusts |  | — |  |  | 109 |
Purchases of investment securities held in trusts |  | — |  |  | (122 | )

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