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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues [1] $ 3,729 $ 3,487 $ 10,296 $ 9,724
OPERATING EXPENSES:        
Fuel 139 166 372 439
Purchased power 1,086 1,155 2,999 3,173
Other operating expenses 1,099 967 3,275 2,698
Provision for depreciation 400 366 1,178 1,088
Deferral of regulatory assets, net (33) (140) (205) (253)
General taxes 311 307 915 881
Total operating expenses 3,002 2,821 8,534 8,026
OPERATING INCOME 727 666 1,762 1,698
OTHER INCOME (EXPENSE):        
Debt redemption costs (Note 6) 0 0 (85) (36)
Equity method investment earnings (Note 1) 21 43 64 134
Miscellaneous income, net 53 24 156 102
Pension and OPEB mark-to-market adjustment (Note 4) 0 0 0 59
Interest expense (276) (289) (866) (828)
Capitalized financing costs 35 26 94 69
Total other expense (167) (196) (637) (500)
INCOME BEFORE INCOME TAXES 560 470 1,125 1,198
INCOME TAXES 94 29 294 193
INCOME FROM CONTINUING OPERATIONS 466 441 831 1,005
Discontinued operations (Note 1) [2] 0 (21) 0 (21)
NET INCOME 466 420 831 984
Income attributable to noncontrolling interest 47 20 114 57
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. 419 400 717 927
AMOUNTS ATTRIBUTABLE TO FIRSTENERGY CORP.:        
Earnings from continuing operations 419 421 717 948
Earnings from discontinued operations [2] 0 (21) 0 (21)
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 419 $ 400 $ 717 $ 927
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):        
Basic - continuing operations (in dollars per share) $ 0.73 $ 0.74 $ 1.25 $ 1.66
Basic - discontinued operations (in dollars per share) 0 (0.04) 0 (0.04)
Basic (in dollars per share) 0.73 0.70 1.25 1.62
Diluted - continuing operations (in dollars per share) 0.73 0.73 1.24 1.65
Diluted - discontinued operations (in dollars per share) 0 (0.04) 0 (0.04)
Diluted (in dollars per share) $ 0.73 $ 0.69 $ 1.24 $ 1.61
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 576 573 575 573
Diluted (in shares) 577 574 576 574
Distribution services and retail generation        
REVENUES:        
Total revenues $ 3,069 $ 2,869 $ 8,381 $ 7,924
Transmission        
REVENUES:        
Total revenues 556 508 1,650 1,486
Other        
REVENUES:        
Total revenues $ 104 $ 110 $ 265 $ 314
[1] Includes excise and gross receipts tax collections of $116 million and $114 million during the three months ended September 30, 2024 and 2023, respectively, and $329 million and $315 million during the nine months ended September 30, 2024 and 2023, respectively.
[2] Consists of income taxes of $21 million during the three and nine months ended September 30, 2023.