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Organization and Basis of Presentation (Tables) | 12 Months Ended
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Dec. 31, 2019
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, 2019 and December 31, 2018, and the changes during the year ended December 31, 2019:
Net Regulatory Assets (Liabilities) by Source |  | December 31, 2019 |  | December 31, 2018 |  | Change
|  | (In millions)
Regulatory transition costs |  | $ | (8 | ) |  | $ | 49 |  |  | $ | (57 | )
Customer payables for future income taxes |  | (2,605 | ) |  | (2,725 | ) |  | 120 |
Nuclear decommissioning and spent fuel disposal costs |  | (197 | ) |  | (148 | ) |  | (49 | )
Asset removal costs |  | (756 | ) |  | (787 | ) |  | 31 |
Deferred transmission costs |  | 298 |  |  | 170 |  |  | 128 |
Deferred generation costs |  | 214 |  |  | 202 |  |  | 12 |
Deferred distribution costs |  | 155 |  |  | 208 |  |  | (53 | )
Contract valuations |  | 51 |  |  | 72 |  |  | (21 | )
Storm-related costs |  | 551 |  |  | 500 |  |  | 51 |
Other |  | 36 |  |  | 52 |  |  | (16 | )
Net Regulatory Liabilities included on the Consolidated Balance Sheets |  | $ | (2,261 | ) |  | $ | (2,407 | ) |  | $ | 146 |
The following table provides information about the composition of net regulatory assets that do not earn a current return as of December 31, 2019 and 2018, of which approximately $228 million and $290 million, respectively, are currently being recovered through rates over varying periods depending on the nature of the deferral and the jurisdiction.
Regulatory Assets by Source Not Earning a Current Return |  | December 31, 2019 |  | December 31, 2018 |  | Change
|  |  |  | (in millions) |  |
Regulatory transition costs |  | $ | 7 |  |  | $ | 10 |  |  | $ | (3 | )
Deferred transmission costs |  | 27 |  |  | 80 |  |  | (53 | )
Deferred generation costs |  | 15 |  |  | 8 |  |  | 7 |
Storm-related costs |  | 471 |  |  | 363 |  |  | 108 |
Other |  | 25 |  |  | 42 |  |  | (17 | )
Regulatory Assets Not Earning a Current Return |  | $ | 545 |  |  | $ | 503 |  |  | $ | 42 |
Receivables from customers | Billed and unbilled customer receivables as of December 31, 2019 and 2018, net of allowance for uncollectible accounts, are included below. The allowance for uncollectible customer receivables is based on historical loss information comprised of a rolling 36-month average net write-off percentage of revenues.
Customer Receivables |  | December 31, 2019 |  | December 31, 2018
|  | (In millions)
Billed |  | $ | 564 |  |  | $ | 686 |
Unbilled |  | 527 |  |  | 535 |
Total |  | $ | 1,091 |  |  | $ | 1,221 |
Reconciliation of basic and diluted earnings per share |
|  | Year Ended December 31,
Reconciliation of Basic and Diluted EPS of Common Stock |  | 2019 |  | 2018 |  | 2017
(In millions, except per share amounts) |  |  |  |  |  |
EPS of Common Stock |  |  |  |  |  |
Income from continuing operations |  | $ | 904 |  |  | $ | 1,022 |  |  | $ | (289 | )
Less: Preferred dividends |  | (3 | ) |  | (71 | ) |  | — |
Less: Amortization of beneficial conversion feature |  | — |  |  | (296 | ) |  | — |
Less: Undistributed earnings allocated to preferred stockholders(1) |  | (1 | ) |  | — |  |  | — |
Income (loss) from continuing operations available to common stockholders |  | 900 |  |  | 655 |  |  | (289 | )
Discontinued operations, net of tax |  | 8 |  |  | 326 |  |  | (1,435 | )
Less: Undistributed earnings allocated to preferred stockholders (1) |  | — |  |  | — |  |  | — |
Income (loss) from discontinued operations available to common stockholders |  | 8 |  |  | 326 |  |  | (1,435 | )
Income (loss) attributable to common stockholders, basic |  | $ | 908 |  |  | $ | 981 |  |  | $ | (1,724 | )
Income allocated to preferred stockholders, preferred dilutive (2) |  | 4 |  |  | N/A |  |  | N/A |
Income (loss) attributable to common stockholders, dilutive |  | $ | 912 |  |  | $ | 981 |  |  | $ | (1,724 | )
Share Count information: |  |  |  |  |  |
Weighted average number of basic shares outstanding |  | 535 |  |  | 492 |  |  | 444 |
Assumed exercise of dilutive stock options and awards |  | 3 |  |  | 2 |  |  | — |
Assumed conversion of preferred stock |  | 4 |  |  | — |  |  | — |
Weighted average number of diluted shares outstanding |  | 542 |  |  | 494 |  |  | 444 |
Income (loss) attributable to common stockholders, per common share: |  |  |  |  |  |
Income from continuing operations, basic |  | $ | 1.69 |  |  | $ | 1.33 |  |  | $ | (0.65 | )
Discontinued operations, basic |  | 0.01 |  |  | 0.66 |  |  | (3.23 | )
Income (loss) attributable to common stockholders, basic |  | $ | 1.70 |  |  | $ | 1.99 |  |  | $ | (3.88 | )
Income from continuing operations, diluted |  | $ | 1.67 |  |  | $ | 1.33 |  |  | $ | (0.65 | )
Discontinued operations, diluted |  | 0.01 |  |  | 0.66 |  |  | (3.23 | )
Income (loss) attributable to common stockholders, diluted |  | $ | 1.68 |  |  | $ | 1.99 |  |  | $ | (3.88 | )
(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 a net loss. Undistributed earning allocated to participating securities for the year ended December 31, 2019 were immaterial.
(2) | The shares of common stock issuable upon conversion of the preferred shares (26 million shares) were not included for 2018 as their inclusion would be anti-dilutive to basic EPS from continuing operations. Amounts allocated to preferred stockholders of $4 million for the year ended December 31,2019 are included within Income from continuing operations available to common stockholders for diluted earnings.
Property, plant and equipment balances | Property, plant and equipment balances by segment as of December 31, 2019 and 2018, were as follows:
|  | December 31, 2019
Property, Plant and Equipment |  | In Service(1) |  | Accum. Depr. |  | Net Plant |  | CWIP |  | Total
|  | (In millions)
Regulated Distribution |  | $ | 28,735 |  |  | $ | (8,540 | ) |  | $ | 20,195 |  |  | $ | 744 |  |  | $ | 20,939 |
Regulated Transmission |  | 12,023 |  |  | (2,383 | ) |  | 9,640 |  |  | 526 |  |  | 10,166 |
Corporate/Other |  | 1,009 |  |  | (504 | ) |  | 505 |  |  | 40 |  |  | 545 |
Total |  | $ | 41,767 |  |  | $ | (11,427 | ) |  | $ | 30,340 |  |  | $ | 1,310 |  |  | $ | 31,650 |
|  | 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 |
(1) Includes finance leases of $163 million and $173 million as of December 31, 2019 and 2018, respectively.
Summary of changes in goodwill | The following table presents goodwill by reporting unit as of December 31, 2019:
|  | Regulated Distribution |  | Regulated Transmission |  | Consolidated
|  | (In millions)
Goodwill |  | $ | 5,004 |  |  | $ | 614 |  |  | $ | 5,618 |

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