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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Current assets      
Cash and cash equivalents $ 184 $ 131 $ 87
Short-term investments 42 58 61
Receivables      
Energy marketing receivables 608 677 347
Gas, unbilled and other receivables 437 686 349
Less allowance for uncollectible accounts 41 28 39
Total receivables 1,004 1,335 657
Inventories, net 530 708 549
Regulatory assets 120 145 146
Derivative instruments 113 130 181
Other current assets 70 161 199
Total current assets 2,063 2,668 1,880
Long-term assets and other deferred debits      
Property, plant and equipment 10,761 10,478 10,091
Less accumulated depreciation 2,264 2,131 2,004
Property, plant and equipment, net 8,497 8,347 8,087
Goodwill 1,883 1,837 1,813
Regulatory assets 898 944 1,083
Intangible assets 184 96 100
Derivative instruments 17 14 45
Other 253 235 221
Total long-term assets and other deferred debits 11,732 11,473 11,349
Total assets 13,795 [1] 14,141 [2] 13,229 [1]
Current liabilities      
Energy marketing trade payable 628 611 383
Short-term debt 521 1,377 731
Accounts payable - trade 344 334 248
Regulatory liabilities 216 161 137
Accrued expenses 170 140 138
Customer deposit and credit balances 114 143 139
Temporary LIFO liquidation 84   41
Accrued environmental remediation liabilities 62 57 59
Accrued regulatory infrastructure program costs 55 121 158
Derivative instruments 33 33 58
Current portion of long-term debt and capital leases   226 231
Other current liabilities 122 135 137
Total current liabilities 2,349 3,338 2,460
Long-term liabilities and other deferred credits      
Long-term debt 3,819 3,327 3,334
Accumulated deferred income taxes 1,567 1,588 1,509
Regulatory liabilities 1,510 1,477 1,453
Accrued environmental remediation liabilities 406 387 371
Accrued retiree welfare benefits 264 268 296
Accrued pension obligations 246 240 221
Derivative instruments 6 6 8
Other long-term liabilities and other deferred credits 73 75 148
Total long-term liabilities and other deferred credits 7,891 7,368 7,340
Total liabilities and other deferred credits 10,240 10,706 9,800
Equity      
Common stock, $5 par value; 750,000,000 shares authorized: outstanding: 118,560,687 shares at June 30, 2013, 117,855,075 shares at December 31, 2012 and 117,505,440 shares at June 30, 2012 594 590 589
Additional paid in capital 2,035 2,014 2,003
Retained earnings 1,127 1,035 1,035
Accumulated other comprehensive loss (209) (218) (207)
Treasury shares, at cost: 216,523 shares at June 30, 2013 and December 31, 2012 and June 30, 2012 (8) (8) (8)
Total common shareholders’ equity 3,539 3,413 3,412
Noncontrolling interest 16 22 17
Total equity 3,555 3,435 3,429
Total liabilities and equity $ 13,795 $ 14,141 $ 13,229
[1] Identifiable assets are those used in each segment's operations.
[2] Identifiable assets are those assets used in each segment's operations.