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v3.22.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Segment Financial Information | Financial information for each of FirstEnergy’s business segments and reconciliations to consolidated amounts is presented in the tables below. FirstEnergy evaluates segment performance based on Net income (loss). Segment Financial Information
For the Three Months Ended |  | Regulated Distribution |  | Regulated Transmission |  | Corporate/ Other |  | Reconciling Adjustments |  | FirstEnergy Consolidated
|  | (In millions)
March 31, 2022 |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 2,532 |  |  | $ | 451 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 2,989 |
Internal revenues |  | 57 |  |  | 2 |  |  | — |  |  | (59) |  |  | — |
Total revenues |  | $ | 2,589 |  |  | $ | 453 |  |  | $ | 6 |  |  | $ | (59) |  |  | $ | 2,989 |
Depreciation |  | 235 |  |  | 86 |  |  | 2 |  |  | 17 |  |  | 340 |
Amortization (deferral) of regulatory assets, net |  | (38) |  |  | 1 |  |  | — |  |  | — |  |  | (37) |
Miscellaneous income (expense), net |  | 85 |  |  | 6 |  |  | 17 |  |  | (2) |  |  | 106 |
Interest expense |  | 129 |  |  | 59 |  |  | 127 |  |  | (2) |  |  | 313 |
Income taxes (benefits) |  | 69 |  |  | 41 |  |  | (27) |  |  | — |  |  | 83 |
Net income (loss) |  | 265 |  |  | 125 |  |  | (102) |  |  | — |  |  | 288 |
Property additions |  | $ | 317 |  |  | $ | 197 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 520 |
March 31, 2021 |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 2,321 |  |  | $ | 401 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 2,726 |
Internal revenues |  | 49 |  |  | 4 |  |  | — |  |  | (53) |  |  | — |
Total revenues |  | $ | 2,370 |  |  | $ | 405 |  |  | $ | 4 |  |  | $ | (53) |  |  | $ | 2,726 |
Depreciation |  | 226 |  |  | 81 |  |  | 1 |  |  | 15 |  |  | 323 |
Amortization of regulatory assets, net |  | 87 |  |  | 5 |  |  | — |  |  | — |  |  | 92 |
Miscellaneous income (expense), net |  | 107 |  |  | 11 |  |  | 22 |  |  | (5) |  |  | 135 |
Interest expense |  | 128 |  |  | 61 |  |  | 101 |  |  | (5) |  |  | 285 |
Income taxes (benefits) |  | 82 |  |  | 33 |  |  | (28) |  |  | — |  |  | 87 |
Net income (loss) |  | 313 |  |  | 109 |  |  | (87) |  |  | — |  |  | 335 |
Property additions |  | $ | 321 |  |  | $ | 273 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 604 |
As of March 31, 2022 |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 30,883 |  |  | $ | 13,070 |  |  | $ | 664 |  |  | $ | — |  |  | $ | 44,617 |
Total goodwill |  | $ | 5,004 |  |  | $ | 614 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 30,812 |  |  | $ | 13,237 |  |  | $ | 1,383 |  |  | $ | — |  |  | $ | 45,432 |
Total goodwill |  | $ | 5,004 |  |  | $ | 614 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |

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