SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

The following tables show our financial information by reportable segment:

	Three months ended				Six months ended
OPERATING REVENUES:	June 30,				June 30,
(in millions)	2020		2019		2020		2019
Regulated Operating Subsidiaries	$	350	$	324	$	681	$	641
Intercompany eliminations	(8)		(4)		(17)		(14)
Total Operating Revenues	$	342	$	320	$	664	$	627

	Three months ended				Six months ended
INCOME (LOSS) BEFORE INCOME TAXES:	June 30,				June 30,
(in millions)	2020		2019		2020		2019
Regulated Operating Subsidiaries	$	194	$	155	$	351	$	306
ITC Holdings and other	(33)		(39)		(66)		(75)
Total Income Before Income Taxes	$	161	$	116	$	285	$	231

	Three months ended				Six months ended
NET INCOME:	June 30,				June 30,
(in millions)	2020		2019		2020		2019
Regulated Operating Subsidiaries	$	142	$	115	$	258	$	226
ITC Holdings and other	121		87		213		171
Intercompany eliminations	(142)		(115)		(258)		(226)
Total Net Income	$	121	$	87	$	213	$	171

TOTAL ASSETS:	June 30,		December 31,
(in millions)	2020		2019
Regulated Operating Subsidiaries	$	10,269	$	9,946
ITC Holdings and other	5,666		5,402
Reconciliations / Intercompany eliminations (a)	(5,472)		(5,290)
Total Assets	$	10,463	$	10,058

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

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[1] Reconciliation of total assets results primarily from differences in the netting of deferred tax assets and liabilities in our segments as compared to the classification in our condensed consolidated statements of financial position