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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Current assets      
Cash and cash equivalents $ 15 $ 19 $ 25
Receivables      
Energy marketing 429 445 430
Natural gas, unbilled revenues and other 355 516 445
Less allowance for uncollectible accounts 38 29 46
Total receivables, net 746 932 829
Inventories      
Natural gas 398 622 395
Other 29 29 26
Total inventories 427 651 421
Derivative instruments, including cash collateral 100 206 158
Current deferred income taxes 63 0 26
Prepaid expenses 60 218 51
Regulatory assets 47 68 48
Other 16 21 14
Total current assets 1,474 2,115 1,572
Long-term assets and other deferred debits      
Property, plant and equipment 13,039 12,566 11,903
Less accumulated depreciation 2,891 2,775 2,524
Property, plant and equipment, net 10,148 9,791 9,379
Goodwill 1,813 1,813 1,827
Regulatory assets 679 670 642
Intangible assets 101 109 112
Other 273 256 303
Total long-term assets and other deferred debits 13,014 12,639 12,263
Total assets 14,488 14,754 13,835
Current liabilities      
Short-term debt 114 1,010 459
Current portion of long-term debt 575 545 125
Energy marketing trade payables 436 418 455
Other accounts payable – trade 278 255 272
Accrued expenses 221 200 183
Regulatory liabilities 156 134 154
Customer deposits and credit balances 143 165 115
Derivative instruments, including cash collateral 65 44 43
Accrued environmental remediation liabilities 59 67 83
Temporary LIFO liquidation 49 0 38
Current deferred income taxes 0 31 0
Other 109 131 120
Total current liabilities 2,205 3,000 2,047
Long-term liabilities and other deferred credits      
Long-term debt 3,709 3,275 3,452
Accumulated deferred income taxes 1,992 1,912 1,780
Regulatory liabilities 1,627 1,611 1,622
Accrued pension and retiree welfare benefits 513 515 526
Accrued environmental remediation liabilities 379 364 346
Other 89 102 73
Total long-term liabilities and other deferred credits 8,309 7,779 7,799
Total liabilities and other deferred credits 10,514 10,779 9,846
Commitments, guarantees and contingencies (see Note 11)
Contingently redeemable noncontrolling interest 41 0 0
Equity      
Common stock, $5 par value; 750,000,000 shares authorized; outstanding: 120,741,810 shares at June 30, 2016, 120,376,721 shares at December 31, 2015, and 120,081,995 shares at June 30, 2015 605 603 601
Additional paid-in capital 2,133 2,099 2,099
Retained earnings 1,424 1,421 1,425
Accumulated other comprehensive loss (221) (186) (169)
Treasury shares, at cost: 216,523 shares at June 30, 2016, December 31, 2015, and June 30, 2015 (8) (8) (8)
Total common shareholders’ equity 3,933 3,929 3,948
Noncontrolling interest 0 46 41
Total equity 3,933 3,975 3,989
Total liabilities, redeemable noncontrolling interest and equity $ 14,488 $ 14,754 $ 13,835