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SEGMENT INFORMATION (Tables)

3 Months Ended

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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- 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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