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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,404 $ 111
Restricted cash 27 43
Receivables-    
Customers 1,574 1,585
Less — Allowance for uncollectible customer receivables 55 55
Receivables 1,519 1,530
Other, net of allowance for uncollectible accounts of $10 in 2025 and $6 in 2024 346 303
Materials and supplies, at average cost 578 549
Prepaid taxes and other 337 240
Total current assets 4,211 2,776
PROPERTY, PLANT AND EQUIPMENT:    
In service 54,973 52,896
Less — Accumulated provision for depreciation 15,011 14,548
Property, plant and equipment in service net of accumulated provision for depreciation 39,962 38,348
Construction work in progress 3,742 2,754
Total property, plant and equipment 43,704 41,102
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 5,618 5,618
Investments (Note 6) 634 652
Regulatory assets 793 617
Other 924 1,279
Total investments and other noncurrent assets 7,969 8,166
TOTAL ASSETS 55,884 52,044
CURRENT LIABILITIES:    
Currently payable long-term debt 1,669 977
Short-term borrowings 291 550
Accounts payable 1,640 1,575
Accrued interest 298 269
Accrued taxes 731 727
Accrued compensation and benefits 249 205
Customer deposits 246 233
Dividends payable 257 245
Other 253 216
Total current liabilities 5,634 4,997
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 25,510 22,496
Accumulated deferred income taxes 6,019 5,613
Retirement benefits 1,701 1,698
Regulatory liabilities 971 995
Other 1,865 2,525
Total noncurrent liabilities 36,066 33,327
TOTAL LIABILITIES 41,700 38,324
Common stockholders’ equity-    
Common stock, $0.10 par value, authorized 700,000,000 shares - 577,665,555 and 576,612,245 shares outstanding as of September 30, 2025, and December 31, 2024, respectively. 58 58
Other paid-in capital 12,414 12,368
Accumulated other comprehensive loss (14) (14)
Retained earnings 340 43
Total common stockholders’ equity 12,798 12,455
Noncontrolling interest 1,386 1,265
TOTAL EQUITY 14,184 13,720
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY 55,884 52,044
Customer    
Receivables-    
Customers 1,574 1,585
Less — Allowance for uncollectible customer receivables 55 55
Receivables $ 1,519 $ 1,530