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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Financial Information | Financial information for FirstEnergy’s business segments and reconciliations to consolidated amounts is presented below:
(In millions) |  | Distribution |  | Integrated |  | Stand-Alone Transmission |  | Total Reportable Segments |  | Corporate/Other |  | Reconciling Adjustments |  | FirstEnergy Consolidated
For the Years Ended |  |  |  |  |  |  |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 6,824 |  |  | $ | 4,871 |  |  | $ | 1,768 |  |  | $ | 13,463 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 13,472 |
Internal revenues |  | 39 |  |  | 5 |  |  | 19 |  |  | 63 |  |  | — |  |  | (63) |  |  | — |
Total revenues |  | $ | 6,863 |  |  | $ | 4,876 |  |  | $ | 1,787 |  |  | $ | 13,526 |  |  | $ | 9 |  |  | $ | (63) |  |  | $ | 13,472 |
Other operating expenses(1) |  | 2,408 |  |  | 1,324 |  |  | 359 |  |  | 4,091 |  |  | 78 |  |  | (10) |  |  | 4,159 |
Depreciation(1) |  | 648 |  |  | 521 |  |  | 336 |  |  | 1,505 |  |  | 76 |  |  | — |  |  | 1,581 |
Amortization (deferral) of regulatory assets, net |  | (171) |  |  | (66) |  |  | 6 |  |  | (231) |  |  | — |  |  | — |  |  | (231) |
Equity method investment earnings, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 58 |  |  | — |  |  | 58 |
Interest expense(1) |  | 432 |  |  | 262 |  |  | 275 |  |  | 969 |  |  | 360 |  |  | (185) |  |  | 1,144 |
Income taxes (benefits)(1) |  | 135 |  |  | 153 |  |  | 173 |  |  | 461 |  |  | (84) |  |  | — |  |  | 377 |
Other expense (income) items(2) |  | 2,787 |  |  | 2,147 |  |  | 344 |  |  | 5,278 |  |  | 59 |  |  | 185 |  |  | 5,522 |
Earnings (losses) attributable to FE from continuing operations |  | 624 |  |  | 535 |  |  | 294 |  |  | 1,453 |  |  | (475) |  |  | — |  |  | 978 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital investments |  | $ | 1,130 |  |  | $ | 1,542 |  |  | $ | 1,266 |  |  | $ | 3,938 |  |  | $ | 92 |  |  | $ | — |  |  | $ | 4,030 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 6,813 |  |  | $ | 4,315 |  |  | $ | 1,731 |  |  | $ | 12,859 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 12,870 |
Internal revenues |  | 41 |  |  | 5 |  |  | 17 |  |  | 63 |  |  | — |  |  | (63) |  |  | — |
Total revenues |  | $ | 6,854 |  |  | $ | 4,320 |  |  | $ | 1,748 |  |  | $ | 12,922 |  |  | $ | 11 |  |  | $ | (63) |  |  | $ | 12,870 |
Other operating expenses(1) |  | 2,129 |  |  | 1,156 |  |  | 338 |  |  | 3,623 |  |  | (19) |  |  | (10) |  |  | 3,594 |
Depreciation(1) |  | 620 |  |  | 462 |  |  | 304 |  |  | 1,386 |  |  | 75 |  |  | — |  |  | 1,461 |
Amortization (deferral) of regulatory assets, net |  | (259) |  |  | (10) |  |  | 8 |  |  | (261) |  |  | — |  |  | — |  |  | (261) |
Equity method investment earnings, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 175 |  |  | — |  |  | 175 |
Interest expense(1) |  | 390 |  |  | 257 |  |  | 245 |  |  | 892 |  |  | 340 |  |  | (108) |  |  | 1,124 |
Income taxes (benefits)(1) |  | 147 |  |  | 37 |  |  | 146 |  |  | 330 |  |  | (63) |  |  | — |  |  | 267 |
Other expense (income) items(2) |  | 3,240 |  |  | 2,118 |  |  | 308 |  |  | 5,666 |  |  | (37) |  |  | 108 |  |  | 5,737 |
Earnings (losses) attributable to FE from continuing operations |  | 587 |  |  | 300 |  |  | 399 |  |  | 1,286 |  |  | (163) |  |  | — |  |  | 1,123 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital investments |  | $ | 936 |  |  | $ | 1,212 |  |  | $ | 1,093 |  |  | $ | 3,241 |  |  | $ | 115 |  |  | $ | — |  |  | $ | 3,356 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 6,386 |  |  | $ | 4,465 |  |  | $ | 1,581 |  |  | $ | 12,432 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 12,459 |
Internal revenues |  | 39 |  |  | 5 |  |  | 16 |  |  | 60 |  |  | — |  |  | (60) |  |  | — |
Total revenues |  | $ | 6,425 |  |  | $ | 4,470 |  |  | $ | 1,597 |  |  | $ | 12,492 |  |  | $ | 27 |  |  | $ | (60) |  |  | $ | 12,459 |
Other operating expenses(1) |  | 2,094 |  |  | 1,226 |  |  | 428 |  |  | 3,748 |  |  | 79 |  |  | (10) |  |  | 3,817 |
Depreciation(1) |  | 593 |  |  | 430 |  |  | 277 |  |  | 1,300 |  |  | 75 |  |  | — |  |  | 1,375 |
Amortization (deferral) of regulatory assets, net |  | (241) |  |  | (128) |  |  | 4 |  |  | (365) |  |  | — |  |  | — |  |  | (365) |
Equity method investment earnings, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 168 |  |  | — |  |  | 168 |
Interest expense(1) |  | 325 |  |  | 225 |  |  | 263 |  |  | 813 |  |  | 354 |  |  | (128) |  |  | 1,039 |
Income taxes (benefits)(1) |  | 202 |  |  | 80 |  |  | 111 |  |  | 393 |  |  | 607 |  |  | — |  |  | 1,000 |
Other expense (income) items(2) |  | 2,778 |  |  | 2,372 |  |  | 199 |  |  | 5,349 |  |  | (122) |  |  | 128 |  |  | 5,355 |
Earnings (losses) attributable to FE from continuing operations |  | 674 |  |  | 265 |  |  | 315 |  |  | 1,254 |  |  | (848) |  |  | — |  |  | 406 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital investments |  | $ | 925 |  |  | $ | 998 |  |  | $ | 874 |  |  | $ | 2,797 |  |  | $ | 51 |  |  | $ | — |  |  | $ | 2,848 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 19,949 |  |  | $ | 18,637 |  |  | $ | 13,528 |  |  | $ | 52,114 |  |  | $ | 1,975 |  |  | $ | (2,045) |  |  | $ | 52,044 |
Total Goodwill(3) |  | $ | 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(3) |  | $ | 3,222 |  |  | $ | 1,953 |  |  | $ | 443 |  |  | $ | 5,618 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,618 |
(1) FirstEnergy considers this line to be a significant expense. (2) Consists of Fuel, Purchased power, General taxes, Debt redemption costs, Miscellaneous income, net, Capitalized financing costs, Pension and OPEB mark-to-market adjustments, and Income attributable to noncontrolling interest. (3) 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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