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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Financial Information | Financial information for FirstEnergy’s reportable segments and reconciliations to consolidated amounts is presented below:
(In millions) For the Three Months Ended |  | Distribution |  | Integrated |  | Stand-Alone Transmission |  | Total Reportable Segments |  | Corporate/ Other |  | Reconciling Adjustments |  | FirstEnergy Consolidated
March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 1,756 |  |  | $ | 1,094 |  |  | $ | 434 |  |  | $ | 3,284 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3,287 |
Internal revenues |  | 11 |  |  | 1 |  |  | 4 |  |  | 16 |  |  | — |  |  | (16) |  |  | — |
Total revenues |  | $ | 1,767 |  |  | $ | 1,095 |  |  | $ | 438 |  |  | $ | 3,300 |  |  | $ | 3 |  |  | $ | (16) |  |  | $ | 3,287 |
Depreciation |  | 161 |  |  | 122 |  |  | 81 |  |  | 364 |  |  | 17 |  |  | — |  |  | 381 |
Amortization (deferral) of regulatory assets, net |  | (88) |  |  | (78) |  |  | 2 |  |  | (164) |  |  | — |  |  | — |  |  | (164) |
Equity method investment earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | 21 |
Interest expense |  | 116 |  |  | 71 |  |  | 65 |  |  | 252 |  |  | 117 |  |  | (64) |  |  | 305 |
Income taxes (benefits) |  | 41 |  |  | 35 |  |  | 60 |  |  | 136 |  |  | (1) |  |  | — |  |  | 135 |
Earnings (losses) attributable to FE |  | $ | 165 |  |  | $ | 82 |  |  | $ | 84 |  |  | $ | 331 |  |  | $ | (78) |  |  | $ | — |  |  | $ | 253 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital investments |  | $ | 215 |  |  | $ | 313 |  |  | $ | 258 |  |  | $ | 786 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 790 |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 1,807 |  |  | $ | 1,026 |  |  | $ | 396 |  |  | $ | 3,229 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 3,231 |
Internal revenues |  | 10 |  |  | 2 |  |  | 4 |  |  | 16 |  |  | — |  |  | (16) |  |  | — |
Total revenues |  | $ | 1,817 |  |  | $ | 1,028 |  |  | $ | 400 |  |  | $ | 3,245 |  |  | $ | 2 |  |  | $ | (16) |  |  | $ | 3,231 |
Depreciation |  | 153 |  |  | 113 |  |  | 75 |  |  | 341 |  |  | 20 |  |  | — |  |  | 361 |
Amortization (deferral) of regulatory assets, net |  | (41) |  |  | (40) |  |  | 1 |  |  | (80) |  |  | — |  |  | — |  |  | (80) |
Equity method investment earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | 56 |  |  | — |  |  | 56 |
Interest expense |  | 94 |  |  | 59 |  |  | 58 |  |  | 211 |  |  | 77 |  |  | (25) |  |  | 263 |
Income taxes (benefits) |  | 44 |  |  | 20 |  |  | 33 |  |  | 97 |  |  | (7) |  |  | — |  |  | 90 |
Earnings (losses) attributable to FE |  | $ | 186 |  |  | $ | 70 |  |  | $ | 96 |  |  | $ | 352 |  |  | $ | (60) |  |  | $ | — |  |  | $ | 292 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital investments |  | $ | 193 |  |  | $ | 237 |  |  | $ | 212 |  |  | $ | 642 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 649 |
As of March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 20,144 |  |  | $ | 17,627 |  |  | $ | 12,389 |  |  | $ | 50,160 |  |  | $ | 4,398 |  |  | $ | (3,259) |  |  | $ | 51,299 |
Total goodwill(1) |  | $ | 3,222 |  |  | $ | 1,953 |  |  | $ | 443 |  |  | $ | 5,618 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 19,235 |  |  | $ | 17,466 |  |  | $ | 12,142 |  |  | $ | 48,843 |  |  | $ | 2,372 |  |  | $ | (2,448) |  |  | $ | 48,767 |
Total goodwill(1) |  | $ | 3,222 |  |  | $ | 1,953 |  |  | $ | 443 |  |  | $ | 5,618 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |
(1) In accordance with GAAP, the modification to the segments in the first quarter of 2024, as discussed above, resulted in a transfer of goodwill between the segments based on the relative fair value of the reporting units, and as such, the segment goodwill balances do not necessarily represent the goodwill balances of the specific legal entities within the segments.

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