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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Current assets      
Cash and cash equivalents $ 267 $ 81 $ 122
Short-term investments 49 49 41
Receivables      
Energy marketing 1,226 786 627
Gas, unbilled and other 1,075 736 839
Less allowance for uncollectible accounts 49 29 39
Total receivables, net 2,252 1,493 1,427
Inventories, net 253 658 384
Assets held for sale 264 283 291
Regulatory assets 250 [1] 114 [1] 72 [1]
Derivative instruments 127 99 100
Other 127 118 93
Total current assets 3,589 [1],[2] 2,895 [1],[2] 2,530 [1],[2]
Long-term assets and other deferred debits      
Property, plant and equipment 11,054 10,938 10,450
Less accumulated depreciation 2,367 2,295 2,181
Property, plant and equipment, net 8,687 8,643 8,269
Goodwill 1,827 [3] 1,827 [3] 1,822 [3]
Regulatory assets 696 [1] 705 [1] 868 [1]
Intangible assets 140 145 131
Derivative instruments 11 20 11
Other 314 315 231
Total long-term assets and other deferred debits 11,675 11,655 11,332
Total assets 15,264 [1],[2] 14,550 [1],[2] 13,862 [1],[2]
Current liabilities      
Energy marketing trade payables 1,119 671 653
Short-term debt 741 1,171 868
Other accounts payable - trade 434 421 306
Accrued expenses 385 203 161
Temporary LIFO liquidation 252   179
Current portion of long-term debt and capital leases 200   226
Regulatory liabilities 161 [1] 183 [1] 238 [1]
Customer deposits and credit balances 104 136 115
Accrued environmental remediation liabilities 82 70 63
Derivative instruments 63 75 20
Liabilities held for sale 36 40 34
Other 177 148 196
Total current liabilities 3,754 [1],[2] 3,118 [1],[2] 3,059 [1],[2]
Long-term liabilities and other deferred credits      
Long-term debt 3,610 3,813 3,324
Accumulated deferred income taxes 1,655 1,628 1,539
Regulatory liabilities 1,550 [1] 1,518 [1] 1,498 [1]
Accrued pension and retiree welfare benefits 405 404 509
Accrued environmental remediation liabilities 358 377 362
Derivative instruments 19 5 4
Other 70 74 74
Total long-term liabilities and other deferred credits 7,667 [1],[2] 7,819 [1],[2] 7,310 [1],[2]
Total liabilities and other deferred credits 11,421 [1],[2] 10,937 [1],[2] 10,369 [1],[2]
Equity      
Common stock, $5 par value; 750,000,000 shares authorized: outstanding: 119,247,421 shares at March 31, 2014, 118,888,876 shares at December 31, 2013 and 118,123,770 shares at March 31, 2013 597 595 592
Additional paid-in capital 2,060 2,054 2,020
Retained earnings 1,289 1,063 1,085
Accumulated other comprehensive loss (135) [4] (136) [4] (211) [4]
Treasury shares, at cost: 216,523 shares at March 31, 2014 and December 31, 2013 and March 31, 2013 (8) (8) (8)
Total common shareholders’ equity 3,803 3,568 3,478
Noncontrolling interest 40 45 15
Total equity 3,843 [1],[2] 3,613 [1],[2] 3,493 [1],[2]
Total liabilities and equity $ 15,264 [1],[2] $ 14,550 [1],[2] $ 13,862 [1],[2]
[1] Amounts revised to include prior period adjustments. See Note 13 for additional information.
[2] Reflects the reclassification of the Tropical Shipping amounts as held for sale. See Note 12 for additional information.
[3] Excludes goodwill at Tropical Shipping which is classified as held for sale. See Note 12 for additional information.
[4] All amounts are net of income taxes. Amounts in parentheses indicate debits to accumulated other comprehensive loss.