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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Current assets      
Cash and cash equivalents $ 122 $ 81 $ 153
Short-term investments 8 49 41
Receivables      
Energy marketing 677 786 608
Gas, unbilled and other 520 736 403
Less allowance for uncollectible accounts 51 29 41
Total receivables, net 1,146 1,493 970
Inventories, net 460 658 522
Assets held for sale 257 283 289
Regulatory assets 165 [1] 114 [1] 74 [1]
Derivative instruments 105 99 113
Other 121 118 69
Total current assets 2,384 [1] 2,895 [1] 2,231 [1]
Long-term assets and other deferred debits      
Property, plant and equipment 11,188 10,938 10,599
Less accumulated depreciation 2,400 2,295 2,240
Property, plant and equipment, net 8,788 8,643 8,359
Goodwill 1,827 [2] 1,827 [2] 1,822 [2]
Regulatory assets 726 [1] 705 [1] 880 [1]
Intangible assets 135 145 158
Derivative instruments 9 20 17
Other 312 315 241
Total long-term assets and other deferred debits 11,797 11,655 11,477
Total assets 14,181 [1] 14,550 [1] 13,708 [1]
Current liabilities      
Energy marketing trade payables 724 671 628
Short-term debt 448 1,171 521
Other accounts payable - trade 319 421 336
Accrued expenses 213 203 163
Current portion of long-term debt 200    
Regulatory liabilities 149 [1] 183 [1] 216 [1]
Temporary LIFO liquidation 116   84
Customer deposits and credit balances 107 136 114
Accrued environmental remediation liabilities 90 70 62
Derivative instruments 50 75 33
Liabilities held for sale 39 40 38
Other 140 148 153
Total current liabilities 2,595 [1] 3,118 [1] 2,348 [1]
Long-term liabilities and other deferred credits      
Long-term debt 3,607 3,813 3,819
Accumulated deferred income taxes 1,675 1,628 1,534
Regulatory liabilities 1,565 [1] 1,518 [1] 1,510 [1]
Accrued pension and retiree welfare benefits 405 404 510
Accrued environmental remediation liabilities 379 377 406
Derivative instruments 12 5 6
Other 83 74 73
Total long-term liabilities and other deferred credits 7,726 [1] 7,819 [1] 7,858 [1]
Total liabilities and other deferred credits 10,321 [1] 10,937 [1] 10,206 [1]
Equity      
Common stock, $5 par value; 750,000,000 shares authorized: outstanding: 119,464,063 shares at June 30, 2014, 118,888,876 shares at December 31, 2013 and 118,560,687 shares at June 30, 2013 598 595 594
Additional paid-in capital 2,073 2,054 2,037
Retained earnings 1,288 1,063 1,072
Accumulated other comprehensive loss (133) [3] (136) [3] (209) [3]
Treasury shares, at cost: 216,523 shares at June 30, 2014 and December 31, 2013 and June 30, 2013 (8) (8) (8)
Total common shareholders’ equity 3,818 3,568 3,486
Noncontrolling interest 42 45 16
Total equity 3,860 [1] 3,613 [1] 3,502 [1]
Total liabilities and equity $ 14,181 [1] $ 14,550 [1] $ 13,708 [1]
[1] Amounts revised to include prior period adjustments. See Note 13 for additional information.
[2] Excludes goodwill at Tropical Shipping now classified as held for sale. See Note 12 for additional information.
[3] All amounts are net of income taxes. Amounts in parentheses indicate debits to accumulated other comprehensive loss.