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v3.22.4

SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Financial Information |
|  | For the Years Ended December 31,
(In millions) |  | 2022 |  | 2021 |  | 2020
External revenues |  |  |  |  |  |
Regulated Distribution |  | $ | 10,569 |  |  | $ | 9,510 |  |  | $ | 9,168 |
Regulated Transmission |  | 1,863 |  |  | 1,608 |  |  | 1,613 |
Corporate/Other |  | 27 |  |  | 14 |  |  | 9 |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total external revenues |  | $ | 12,459 |  |  | $ | 11,132 |  |  | $ | 10,790 |
Internal revenues |  |  |  |  |  |
Regulated Distribution |  | $ | 232 |  |  | $ | 201 |  |  | $ | 195 |
Regulated Transmission |  | 5 |  |  | 10 |  |  | 17 |
Corporate/Other |  | — |  |  | — |  |  | — |
Reconciling Adjustments |  | (237) |  |  | (211) |  |  | (212) |
Total internal revenues |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenues |  | $ | 12,459 |  |  | $ | 11,132 |  |  | $ | 10,790 |
Depreciation |  |  |  |  |  |
Regulated Distribution |  | $ | 967 |  |  | $ | 911 |  |  | $ | 896 |
Regulated Transmission |  | 335 |  |  | 325 |  |  | 313 |
Corporate/Other |  | 7 |  |  | 3 |  |  | 4 |
Reconciling Adjustments |  | 66 |  |  | 63 |  |  | 61 |
Total depreciation |  | $ | 1,375 |  |  | $ | 1,302 |  |  | $ | 1,274 |
Amortization (deferral) of regulatory assets, net |  |  |  |  |  |
Regulated Distribution |  | $ | (362) |  |  | $ | 260 |  |  | $ | (64) |
Regulated Transmission |  | (3) |  |  | 9 |  |  | 11 |
Corporate/Other |  | — |  |  | — |  |  | — |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total amortization (deferral) of regulatory assets, net |  | $ | (365) |  |  | $ | 269 |  |  | $ | (53) |
DPA penalty |  |  |  |  |  |
Corporate/Other |  | $ | — |  |  | $ | 230 |  |  | $ | — |
Total DPA penalty |  | $ | — |  |  | $ | 230 |  |  | $ | — |
Miscellaneous income (expense), net |  |  |  |  |  |
Regulated Distribution |  | $ | 361 |  |  | $ | 399 |  |  | $ | 332 |
Regulated Transmission |  | 36 |  |  | 41 |  |  | 30 |
Corporate/Other |  | 85 |  |  | 58 |  |  | 81 |
Reconciling Adjustments |  | (67) |  |  | (12) |  |  | (13) |
Total miscellaneous income (expense), net |  | $ | 415 |  |  | $ | 486 |  |  | $ | 430 |
Interest expense |  |  |  |  |  |
Regulated Distribution |  | $ | 526 |  |  | $ | 522 |  |  | $ | 501 |
Regulated Transmission |  | 230 |  |  | 247 |  |  | 219 |
Corporate/Other |  | 350 |  |  | 382 |  |  | 358 |
Reconciling Adjustments |  | (67) |  |  | (12) |  |  | (13) |
Total interest expense |  | $ | 1,039 |  |  | $ | 1,139 |  |  | $ | 1,065 |
Income taxes (benefits) |  |  |  |  |  |
Regulated Distribution |  | $ | 251 |  |  | $ | 364 |  |  | $ | 113 |
Regulated Transmission |  | 110 |  |  | 127 |  |  | 138 |
Corporate/Other |  | 639 |  |  | (171) |  |  | (125) |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total income taxes (benefits) |  | $ | 1,000 |  |  | $ | 320 |  |  | $ | 126 |
|  | For the Years Ended December 31,
(In millions) |  | 2022 |  | 2021 |  | 2020
Net income (loss) |  |  |  |  |  |
Regulated Distribution |  | $ | 957 |  |  | $ | 1,288 |  |  | $ | 959 |
Regulated Transmission |  | 394 |  |  | 408 |  |  | 464 |
Corporate/Other |  | (912) |  |  | (413) |  |  | (344) |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total net income (loss) |  | $ | 439 |  |  | $ | 1,283 |  |  | $ | 1,079 |
Income attributable to noncontrolling interest |  |  |  |  |  |
Regulated Transmission |  | $ | 33 |  |  | $ | — |  |  | $ | — |
Total income attributable to noncontrolling interest |  | $ | 33 |  |  | $ | — |  |  | $ | — |
Earnings attributable to FE |  |  |  |  |  |
Regulated Distribution |  | $ | 957 |  |  | $ | 1,288 |  |  | $ | 959 |
Regulated Transmission |  | 361 |  |  | 408 |  |  | 464 |
Corporate/Other |  | (912) |  |  | (413) |  |  | (344) |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total earnings attributable to FE |  | $ | 406 |  |  | $ | 1,283 |  |  | $ | 1,079 |
Property additions |  |  |  |  |  |
Regulated Distribution |  | $ | 1,513 |  |  | $ | 1,395 |  |  | $ | 1,514 |
Regulated Transmission |  | 1,192 |  |  | 958 |  |  | 1,067 |
Corporate/Other |  | 51 |  |  | 92 |  |  | 76 |
Reconciling Adjustments |  | — |  |  | — |  |  | — |
Total property additions |  | $ | 2,756 |  |  | $ | 2,445 |  |  | $ | 2,657 |
|  | As of December 31, |  |
(In millions) |  | 2022 |  | 2021 |  |
Assets |  |  |  |  |  |
Regulated Distribution |  | $ | 31,749 |  |  | $ | 30,812 |  |  |
Regulated Transmission |  | 13,835 |  |  | 13,237 |  |  |
Corporate/Other |  | 524 |  |  | 1,383 |  |  |
Reconciling Adjustments |  | — |  |  | — |  |  |
Total assets |  | $ | 46,108 |  |  | $ | 45,432 |  |  |
Goodwill |  |  |  |  |  |
Regulated Distribution |  | $ | 5,004 |  |  | $ | 5,004 |  |  |
Regulated Transmission |  | 614 |  |  | 614 |  |  |
Corporate/Other |  | — |  |  | — |  |  |
Reconciling Adjustments |  | — |  |  | — |  |  |
Total goodwill |  | $ | 5,618 |  |  | $ | 5,618 |  |  |

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