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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Current assets      
Cash and cash equivalents $ 25 $ 31 $ 122
Receivables      
Natural gas, unbilled revenues and other 445 797 520
Energy marketing 430 779 677
Less allowance for uncollectible accounts 46 35 51
Total receivables, net 829 1,541 1,146
Inventories      
Natural gas 395 694 441
Other 26 22 19
Total inventories 421 716 460
Derivative instruments 158 245 105
Prepaid expenses 51 223 67
Regulatory assets 48 83 165
Assets held for sale     257
Other 40 47 58
Total current assets 1,572 2,886 2,380
Long-term assets and other deferred debits      
Property, plant and equipment 11,903 11,552 11,188
Less accumulated depreciation 2,524 2,462 2,400
Property, plant and equipment, net 9,379 9,090 8,788
Goodwill 1,827 1,827 1,827
Regulatory assets 642 631 726
Intangible assets 112 125 135
Other 303 329 303
Total long-term assets and other deferred debits 12,263 12,002 11,779
Total assets 13,835 14,888 14,159
Current liabilities      
Short-term debt 459 1,175 448
Energy marketing trade payables 455 777 724
Other accounts payable – trade 272 312 319
Accrued expenses 183 229 213
Regulatory liabilities 154 112 149
Current portion of long-term debt 125 200 200
Customer deposits and credit balances 115 125 107
Accrued environmental remediation liabilities 83 87 90
Derivative instruments 43 88 50
Temporary LIFO liquidation 38   116
Liabilities held for sale     39
Other 120 114 140
Total current liabilities 2,047 3,219 2,595
Long-term liabilities and other deferred credits      
Long-term debt 3,452 3,581 3,585
Accumulated deferred income taxes 1,780 1,724 1,675
Regulatory liabilities 1,622 1,601 1,565
Accrued pension and retiree welfare benefits 526 525 405
Accrued environmental remediation liabilities 346 327 379
Other 73 83 95
Total long-term liabilities and other deferred credits 7,799 7,841 7,704
Total liabilities and other deferred credits $ 9,846 $ 11,060 $ 10,299
Commitments, guarantees and contingencies (see Note 10)      
Equity      
Common stock, $5 par value; 750,000,000 shares authorized; outstanding: 120,081,995 shares at June 30, 2015, 119,647,149 shares at December 31, 2014, and 119,464,063 shares at June 30, 2014 $ 601 $ 599 $ 598
Additional paid-in capital 2,099 2,087 2,073
Retained earnings 1,425 1,312 1,288
Accumulated other comprehensive loss (169) (206) (133)
Treasury shares, at cost: 216,523 shares at June 30, 2015, December 31, 2014, and June 30, 2014 (8) (8) (8)
Total common shareholders’ equity 3,948 3,784 3,818
Noncontrolling interest 41 44 42
Total equity 3,989 3,828 3,860
Total liabilities and equity $ 13,835 $ 14,888 $ 14,159