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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Financial Information

Financial information for FirstEnergy’s business segments and reconciliations to consolidated amounts is presented below.

Segment Financial Information						Regulated Distribution						Regulated Transmission						Corporate/ Other						Reconciling Adjustments						FirstEnergy Consolidated
For the Three Months Ended						(In millions)
June 30, 2022
External revenues						$	2,370					$	440					$	8					$	—					$	2,818
Internal revenues						56						1						—						(57)						—
Total revenues						$	2,426					$	441					$	8					$	(57)					$	2,818
Depreciation						242						87						1						18						348
Deferral of regulatory assets, net						(127)						(2)						—						—						(129)
Miscellaneous income (expense), net						94						7						65						(6)						160
Interest expense						128						55						88						(6)						265
Income taxes (benefits)						52						39						(42)						—						49
Net income (loss)						202						128						(138)						—						192
Income attributable to noncontrolling interest						—						5						—						—						5
Earnings attributable to FE						202						123						(138)						—						187
Property additions						$	356					$	267					$	4					$	—					$	627
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
Net income (loss)						274						116						(332)						—						58
Property additions						$	346					$	257					$	19					$	—					$	622
For the Six Months Ended
June 30, 2022
External revenues						$	4,902					$	891					$	14					$	—					$	5,807
Internal revenues						113						3						—						(116)						—
Total revenues						$	5,015					$	894					$	14					$	(116)					$	5,807
Depreciation						477						173						3						35						688
Deferral of regulatory assets, net						(165)						(1)						—						—						(166)
Miscellaneous income (expense), net						179						13						82						(8)						266
Interest expense						257						114						177						(8)						540
Income taxes (benefits)						121						80						(69)						—						132
Net income (loss)						467						253						(240)						—						480
Income attributable to noncontrolling interest						—						5						—						—						5
Earnings attributable to FE						467						248						(240)						—						475
Property additions						$	673					$	464					$	10					$	—					$	1,147
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
Net income (loss)						587						225						(419)						—						393
Property additions						$	667					$	530					$	29					$	—					$	1,226
As of June 30, 2022
Total assets						$	31,133					$	13,303					$	684					$	—					$	45,120
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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- 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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
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