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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Current assets      
Cash and cash equivalents $ 19 $ 31 $ 32
Receivables      
Energy marketing 475 779 544
Natural gas, unbilled revenues and other 339 797 409
Less allowance for uncollectible accounts 34 35 37
Total receivables, net 780 1,541 916
Inventories      
Natural gas 632 694 777
Other 27 22 19
Total inventories 659 716 796
Derivative instruments 151 245 102
Prepaid expenses 74 223 78
Regulatory assets 64 83 105
Other 29 47 60
Total current assets 1,776 2,886 2,089
Long-term assets and other deferred debits      
Property, plant and equipment 12,141 11,552 11,352
Less accumulated depreciation 2,560 2,462 2,427
Property, plant and equipment, net 9,581 9,090 8,925
Goodwill 1,813 1,827 1,827
Regulatory assets 637 631 637
Intangible assets 113 125 130
Other 286 329 324
Total long-term assets and other deferred debits 12,430 12,002 11,843
Total assets 14,206 14,888 13,932
Current liabilities      
Short-term debt 886 1,175 681
Current portion of long-term debt 425 200 200
Energy marketing trade payables 502 777 612
Other accounts payable – trade 274 312 298
Accrued expenses 177 229 173
Customer deposits and credit balances 150 125 122
Regulatory liabilities 139 112 118
Accrued environmental remediation liabilities 73 87 82
Derivative instruments 58 88 45
Other 118 114 131
Total current liabilities 2,802 3,219 2,462
Long-term liabilities and other deferred credits      
Long-term debt 3,150 3,581 3,584
Accumulated deferred income taxes 1,767 1,724 1,655
Regulatory liabilities 1,608 1,601 1,567
Accrued pension and retiree welfare benefits 528 525 406
Accrued environmental remediation liabilities 346 327 372
Other 95 83 84
Total long-term liabilities and other deferred credits 7,494 7,841 7,668
Total liabilities and other deferred credits $ 10,296 $ 11,060 $ 10,130
Commitments, guarantees and contingencies (see Note 11)
Equity      
Common stock, $5 par value; 750,000,000 shares authorized; outstanding: 120,249,058 shares at September 30, 2015, 119,647,149 shares at December 31, 2014, and 119,564,666 shares at September 30, 2014 $ 602 $ 599 $ 599
Additional paid-in capital 2,095 2,087 2,080
Retained earnings 1,375 1,312 1,222
Accumulated other comprehensive loss (195) (206) (133)
Treasury shares, at cost: 216,523 shares at September 30, 2015, December 31, 2014, and September 30, 2014 (8) (8) (8)
Total common shareholders’ equity 3,869 3,784 3,760
Noncontrolling interest 41 44 42
Total equity 3,910 3,828 3,802
Total liabilities and equity $ 14,206 $ 14,888 $ 13,932