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SEGMENT INFORMATION (Tables)
 12 Months Ended
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)DistributionIntegratedStand-Alone TransmissionTotal Reportable SegmentsCorporate/OtherReconciling AdjustmentsFirstEnergy Consolidated
For the Years Ended
December 31, 2024
External revenues$6,824 $4,871 $1,768 $13,463 $9 $— $13,472 
Internal revenues39 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 operations624 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 revenues41 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 operations587 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 revenues39 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 operations674 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.