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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Financial Information

Financial information for each of FirstEnergy’s reportable segments is presented in the tables below:

Segment Financial Information

For the Three Months Ended						Regulated Distribution						Regulated Transmission						Corporate/ Other						Reconciling Adjustments						FirstEnergy Consolidated
						(In millions)
June 30, 2020
External revenues						$	2,140					$	380					$	2					$	—					$	2,522
Internal revenues						48						4						—						(52)						—
Total revenues						$	2,188					$	384					$	2					$	(52)					$	2,522
Depreciation						226						78						—						17						321
Amortization of regulatory assets, net						10						3						—						—						13
Miscellaneous income (expense), net						90						8						7						(2)						103
Interest expense						123						55						87						(2)						263
Income taxes (benefits)						67						34						(35)						—						66
Income (loss) from continuing operations						251						114						(58)						—						307
Property additions						$	386					$	270					$	20					$	—					$	676
June 30, 2019
External revenues						$	2,145					$	368					$	3					$	—					$	2,516
Internal revenues						47						4						—						(51)						—
Total revenues						$	2,192					$	372					$	3					$	(51)					$	2,516
Depreciation						220						71						1						17						309
Amortization of regulatory assets, net						34						3						—						—						37
Miscellaneous income (expense), net						46						4						38						(8)						80
Interest expense						124						48						95						(8)						259
Income taxes (benefits)						67						30						(16)						—						81
Income (loss) from continuing operations						258						116						(33)						—						341
Property additions						$	354					$	300					$	20					$	—					$	674
For the Six Months Ended
June 30, 2020
External revenues						$	4,451					$	777					$	3					$	—					$	5,231
Internal revenues						95						8						—						(103)						—
Total revenues						$	4,546					$	785					$	3					$	(103)					$	5,231
Depreciation						449						154						2						33						638
Amortization of regulatory assets, net						59						6						—						—						65
Miscellaneous income (expense), net						165						14						32						(8)						203
Interest expense						250						107						177						(8)						526
Income taxes (benefits)						35						68						(97)						—						6
Income (loss) from continuing operations						387						231						(287)						—						331
Property additions						$	724					$	539					$	29					$	—					$	1,292
June 30, 2019
External revenues						$	4,671					$	720					$	8					$	—					$	5,399
Internal revenues						94						8						—						(102)						—
Total revenues						$	4,765					$	728					$	8					$	(102)					$	5,399
Depreciation						429						140						3						34						606
Amortization (deferral) of regulatory assets, net						37						5						—						—						42
Miscellaneous income (expense), net						92						8						49						(15)						134
Interest expense						246						93						188						(15)						512
Income taxes (benefits)						156						61						(43)						—						174
Income (loss) from continuing operations						587						220						(111)						—						696
Property additions						$	672					$	531					$	25					$	—					$	1,228
As of June 30, 2020
Total assets						$	29,863					$	11,914					$	626					$	—					$	42,403
Total goodwill						$	5,004					$	614					$	—					$	—					$	5,618
As of December 31, 2019
Total assets						$	29,642					$	11,611					$	1,015					$	33					$	42,301
Total goodwill						$	5,004					$	614					$	—					$	—					$	5,618

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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