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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Current assets      
Cash and cash equivalents $ 131 $ 131 $ 91
Short-term investments 42 58 60
Receivables      
Energy marketing receivables 502 677 397
Gas, unbilled and other receivables 341 686 305
Less allowance for uncollectible accounts 32 28 31
Total receivables 811 1,335 671
Inventories, net 797 708 778
Regulatory assets 133 145 158
Derivative instruments 97 130 144
Other current assets 80 161 233
Total current assets 2,091 2,668 2,135
Long-term assets and other deferred debits      
Property, plant and equipment 10,920 10,478 10,281
Less accumulated depreciation 2,307 2,131 2,069
Property, plant and equipment, net 8,613 8,347 8,212
Goodwill 1,883 1,837 1,817
Regulatory assets 871 944 994
Intangible assets 180 96 96
Derivative instruments 15 14 15
Other long-term assets and deferred debits 251 235 234
Total long-term assets and other deferred debits 11,813 11,473 11,368
Total assets 13,904 [1] 14,141 [2] 13,503 [1]
Current liabilities      
Short-term debt 832 1,377 1,048
Energy marketing trade payable 539 611 444
Accounts payable - trade 304 334 292
Regulatory liabilities 174 161 117
Accrued expenses 157 140 119
Customer deposits and credit balances 140 143 159
Accrued environmental remediation liabilities 48 57 61
Derivative instruments 38 33 37
Accrued regulatory infrastructure program costs 32 121 122
Current portion of long-term debt and capital leases   226 226
Other current liabilities 143 135 139
Total current liabilities 2,407 3,338 2,764
Long-term liabilities and other deferred credits      
Long-term debt 3,816 3,327 3,330
Accumulated deferred income taxes 1,587 1,588 1,555
Regulatory liabilities 1,524 1,477 1,465
Accrued environmental remediation liabilities 416 387 365
Accrued retiree welfare benefits 262 268 296
Accrued pension obligations 249 240 213
Derivative instruments 6 6 5
Other long-term liabilities and other deferred credits 74 75 112
Total long-term liabilities and other deferred credits 7,934 7,368 7,341
Total liabilities and other deferred credits 10,341 10,706 10,105
Equity      
Common stock, $5 par value; 750,000,000 shares authorized: outstanding: 118,778,298 shares at September 30, 2013, 117,855,075 shares at December 31, 2012 and 117,743,809 shares at September 30, 2012 595 590 590
Additional paid in capital 2,046 2,014 2,012
Retained earnings 1,100 1,035 990
Accumulated other comprehensive loss (208) [3] (218) [3] (203)
Treasury shares, at cost: 216,523 shares at September 30, 2013 and December 31, 2012 and September 30, 2012 (8) (8) (8)
Total common shareholders’ equity 3,525 3,413 3,381
Noncontrolling interest 38 22 17
Total equity 3,563 3,435 3,398
Total liabilities and equity $ 13,904 $ 14,141 $ 13,503
[1] Identifiable assets are those used in each segment's operations.
[2] Identifiable assets are those assets used in each segment's operations.
[3] All amounts are net of income taxes. Amounts in parentheses indicate debits to accumulated other comprehensive loss.