SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

The following tables show our financial information by reportable segment:

	Three months ended						Nine months ended
OPERATING REVENUES:	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Regulated Operating Subsidiaries	$	306		$	261		$	921		$	839
ITC Holdings and other	1			—			1			1
Intercompany eliminations	(8		)	(7		)	(22		)	(8		)
Total Operating Revenues	$	299		$	254		$	900		$	832

	Three months ended						Nine months ended
INCOME (LOSS) BEFORE INCOME TAXES:	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Regulated Operating Subsidiaries	$	166		$	120		$	492		$	439
ITC Holdings and other	(38		)	(41		)	(108		)	(140		)
Total Income Before Income Taxes	$	128		$	79		$	384		$	299

	Three months ended						Nine months ended
NET INCOME:	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Regulated Operating Subsidiaries	$	104		$	75		$	304		$	272
ITC Holdings and other	82			51			243			190
Intercompany eliminations	(104		)	(75		)	(304		)	(272		)
Total Net Income	$	82		$	51		$	243		$	190

TOTAL ASSETS:	September 30,			December 31,
(in millions)	2017			2016
Regulated Operating Subsidiaries	$	8,649		$	8,162
ITC Holdings and other	4,683			4,503
Reconciliations / Intercompany eliminations (a)	(4,605		)	(4,442		)
Total Assets	$	8,727		$	8,223

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(a) Reconciliation of total assets results primarily from differences in the netting of deferred tax assets and liabilities at our subsidiaries in the Regulated Operating Subsidiaries segment as compared to the classification in our condensed consolidated statements of financial position.