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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 19 $ 31
Short-term investments 8 8
Receivables    
Energy marketing 445 779
Natural gas 266 391
Unbilled revenues 140 256
Other 110 150
Less allowance for uncollectible accounts 29 35
Total receivables, net 932 1,541
Inventories    
Natural gas 622 694
Other 29 22
Total inventories 651 716
Prepaid expenses 218 223
Derivative instruments 206 245
Regulatory assets 68 83
Other 13 39
Total current assets 2,115 2,886
Long-term assets and other deferred debits    
Property, plant and equipment 12,566 11,552
Less accumulated depreciation 2,775 2,462
Property, plant and equipment, net 9,791 9,090
Goodwill 1,813 1,827
Regulatory assets 670 631
Intangible assets 109 125
Long-term investments 103 105
Pension assets 78 97
Derivative instruments 12 42
Other 63 85
Total long-term assets and other deferred debits 12,639 12,002
Total assets 14,754 14,888
Current liabilities    
Short-term debt 1,010 1,175
Current portion of long-term debt 545 200
Energy marketing trade payables 418 777
Other accounts payable – trade 255 312
Customer deposits and credit balances 165 125
Regulatory liabilities 134 112
Accrued wages and salaries 92 97
Accrued environmental remediation liabilities 67 87
Accrued taxes 59 79
Accrued interest 49 53
Derivative instruments 44 88
Current deferred income taxes 31 2
Other 131 112
Total current liabilities 3,000 3,219
Long-term liabilities and other deferred credits    
Long-term debt 3,275 3,581
Accumulated deferred income taxes 1,912 1,724
Regulatory liabilities 1,611 1,601
Accrued pension and retiree welfare benefits 515 525
Accrued environmental remediation liabilities 364 327
Other 102 83
Total long-term liabilities and other deferred credits 7,779 7,841
Total liabilities and other deferred credits $ 10,779 $ 11,060
Commitments, guarantees and contingencies (see Note 12)
Equity    
Common stock, $5 par value; 750,000,000 shares authorized; outstanding: 120,376,721 shares at December 31, 2015 and 119,647,149 shares at December 31, 2014 $ 603 $ 599
Additional paid-in capital 2,099 2,087
Retained earnings 1,421 1,312
Accumulated other comprehensive loss (186) (206)
Treasury shares, at cost: 216,523 shares at December 31, 2015 and 2014 (8) (8)
Total common shareholders’ equity 3,929 3,784
Noncontrolling interest 46 44
Total equity 3,975 3,828
Total liabilities and equity $ 14,754 $ 14,888