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v3.21.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2021 |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 2,208 |  |  | $ | 411 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 2,622 |
Internal revenues |  | 50 |  |  | 8 |  |  | — |  |  | (58) |  |  | — |
Total revenues |  | $ | 2,258 |  |  | $ | 419 |  |  | $ | 3 |  |  | $ | (58) |  |  | $ | 2,622 |
Depreciation |  | 229 |  |  | 77 |  |  | 1 |  |  | 16 |  |  | 323 |
Amortization of regulatory assets, net |  | 43 |  |  | 6 |  |  | — |  |  | — |  |  | 49 |
DPA penalty |  | — |  |  | — |  |  | 230 |  |  | — |  |  | 230 |
Miscellaneous income (expense), net |  | 88 |  |  | 11 |  |  | 14 |  |  | (5) |  |  | 108 |
Interest expense |  | 131 |  |  | 63 |  |  | 98 |  |  | (5) |  |  | 287 |
Income taxes (benefits) |  | 71 |  |  | 37 |  |  | (12) |  |  | — |  |  | 96 |
Income (loss) from continuing operations |  | 274 |  |  | 116 |  |  | (332) |  |  | — |  |  | 58 |
Property additions |  | $ | 346 |  |  | $ | 257 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 622 |
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 |
For the Six Months Ended |  |  |  |  |  |  |  |  |  |
June 30, 2021 |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 4,529 |  |  | $ | 812 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 5,348 |
Internal revenues |  | 99 |  |  | 12 |  |  | — |  |  | (111) |  |  | — |
Total revenues |  | $ | 4,628 |  |  | $ | 824 |  |  | $ | 7 |  |  | $ | (111) |  |  | $ | 5,348 |
Depreciation |  | 455 |  |  | 158 |  |  | 2 |  |  | 31 |  |  | 646 |
Amortization of regulatory assets, net |  | 130 |  |  | 11 |  |  | — |  |  | — |  |  | 141 |
DPA penalty |  | — |  |  | — |  |  | 230 |  |  | — |  |  | 230 |
Miscellaneous income (expense), net |  | 195 |  |  | 22 |  |  | 36 |  |  | (10) |  |  | 243 |
Interest expense |  | 259 |  |  | 124 |  |  | 199 |  |  | (10) |  |  | 572 |
Income taxes (benefits) |  | 153 |  |  | 70 |  |  | (40) |  |  | — |  |  | 183 |
Income (loss) from continuing operations |  | 587 |  |  | 225 |  |  | (419) |  |  | — |  |  | 393 |
Property additions |  | $ | 667 |  |  | $ | 530 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 1,226 |
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 |
As of June 30, 2021 |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 30,943 |  |  | $ | 12,779 |  |  | $ | 641 |  |  | $ | — |  |  | $ | 44,363 |
Total goodwill |  | $ | 5,004 |  |  | $ | 614 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 30,855 |  |  | $ | 12,592 |  |  | $ | 1,017 |  |  | $ | — |  |  | $ | 44,464 |
Total goodwill |  | $ | 5,004 |  |  | $ | 614 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |

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