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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 559 $ 960 $ 108
Restricted cash 19 22 31
Accounts receivable – trade, net 2,071 1,578 1,261
Accounts receivable – other, net 398 403 455
Due from unconsolidated affiliates 23 20 32
Income taxes receivable 79 113 112
Inventories 389 308 277
Prepaid expenses 260 215 161
Regulatory assets 271 190 222
Greenhouse gas allowances 97 553 72
Assets held for sale in discontinued operations 0 0 445
Other current assets 209 149 163
Total current assets 4,375 4,511 3,339
Other assets:      
Restricted cash 3 3 3
Due from unconsolidated affiliates 637 780 742
Regulatory assets 2,011 1,822 1,930
Insurance receivable for Aliso Canyon costs 360 445 339
Greenhouse gas allowances 422 101 470
Nuclear decommissioning trusts 1,012 1,019 1,082
Dedicated assets in support of certain benefit plans 567 512 488
Deferred income taxes 151 136 155
Right-of-use assets – operating leases 594 543 591
Investment in Oncor Holdings 12,947 12,440 11,519
Other investments 1,525 1,388 2,103
Goodwill 1,602 1,602 1,602
Other intangible assets 370 202 213
Wildfire fund 331 363 392
Assets held for sale in discontinued operations 0 0 3,513
Other long-term assets 1,244 753 732
Total other assets 23,776 22,109 25,874
Property, plant and equipment:      
Property, plant and equipment 58,940 53,928 49,329
Less accumulated depreciation and amortization (15,046) (13,925) (12,877)
Property, plant and equipment, net 43,894 40,003 36,452
Total assets 72,045 66,623 65,665
Current liabilities:      
Short-term debt 3,471 885 3,505
Accounts payable – trade 1,671 1,359 1,234
Accounts payable – other 178 154 179
Due to unconsolidated affiliates 0 45 5
Dividends and interest payable 563 551 515
Accrued compensation and benefits 479 446 476
Regulatory liabilities 359 140 319
Current portion of long-term debt and finance leases 106 1,540 1,526
Reserve for Aliso Canyon costs 1,980 150 9
Greenhouse gas obligations 97 553 72
Liabilities held for sale in discontinued operations 0 0 444
Other current liabilities 1,131 1,016 866
Total current liabilities 10,035 6,839 9,150
Long-term debt and finance leases 21,068 21,781 20,785
Deferred credits and other liabilities:      
Due to unconsolidated affiliates 287 234 195
Regulatory liabilities 3,402 3,372 3,741
Reserve for Aliso Canyon costs 3 301 7
Greenhouse gas obligations 225 0 301
Pension and other postretirement benefit plan obligations, net of plan assets 687 1,059 1,067
Deferred income taxes 3,477 2,871 2,577
Asset retirement obligations 3,375 3,113 2,923
Liabilities held for sale in discontinued operations 0 0 1,052
Deferred credits and other 2,067 2,119 2,062
Total deferred credits and other liabilities 13,523 13,069 13,925
Commitments and contingencies (Note 16)
Equity:      
Common stock 11,862 7,053 7,480
Retained earnings 13,548 13,673 11,130
Accumulated other comprehensive income (loss) (318) (500) (939)
Total shareholders’ equity 25,981 23,373 19,929
Preferred stock of subsidiary 20 20 20
Other noncontrolling interests 1,418 1,541 1,856
Total equity 27,419 24,934 21,805
Total liabilities and shareholders’ equity 72,045 66,623 65,665
Convertible Preferred Stock Series A      
Equity:      
Preferred stock 0 1,693 1,693
Convertible Preferred Stock Series B      
Equity:      
Preferred stock 0 565 565
Series C Preferred Stock      
Equity:      
Preferred stock $ 889 $ 889 $ 0