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Segment Information (Tables)

6 Months Ended

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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- 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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-Name Accounting Standards Codification
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