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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Stockholders' Equity Attributable to Parent $ 2,051 $ 892 $ 1,155 $ 4
NET INCOME 84   84  
Dividends to ITC Investment Holdings Inc. (72)   (72)  
NET INCOME 171      
Dividends to ITC Investment Holdings Inc. (145)      
Total other comprehensive (loss) income, net of tax 1      
Revenues 627      
Transmission and other services 577      
Formula rate true-up 50      
Operation and maintenance 57      
General and administrative 76      
Depreciation and amortization 98      
Total operating expenses 290      
Operating Income (Loss) 337      
Interest expense, net 123      
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity (16)      
Other Nonoperating Income (Expense) (1)      
Nonoperating Income (Expense) 106      
INCOME TAX PROVISION 60      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 1      
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 172      
Taxes other than income taxes 59      
Income before income taxes 231      
Stockholders' Equity Attributable to Parent 2,063 892 1,167 4
NET INCOME 87   87  
Dividends to ITC Investment Holdings Inc. (73)   (73)  
Total other comprehensive (loss) income, net of tax 1     1
Revenues 320      
Transmission and other services 288      
Formula rate true-up 32      
Operation and maintenance 32      
General and administrative 38      
Depreciation and amortization 51      
Total operating expenses 149      
Operating Income (Loss) 171      
Interest expense, net 64      
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity (8)      
Other Nonoperating Income (Expense) (1)      
Nonoperating Income (Expense) 55      
INCOME TAX PROVISION 29      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 1      
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 88      
Taxes other than income taxes 28      
Income before income taxes 116      
Stockholders' Equity Attributable to Parent 2,078 892 1,181 5
Stockholders' Equity Attributable to Parent 2,232 892 1,333 7
NET INCOME 92   92  
Dividends to ITC Investment Holdings Inc. (82)   82  
Total other comprehensive (loss) income, net of tax (16)     (16)
NET INCOME 213      
Dividends to ITC Investment Holdings Inc. (165)      
Total other comprehensive (loss) income, net of tax (17)      
Revenues 664      
Transmission and other services 630      
Formula rate true-up 34      
Operation and maintenance 47      
General and administrative 59      
Depreciation and amortization 108      
Total operating expenses 276      
Operating Income (Loss) 388      
Interest expense, net 116      
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity (12)      
Other Nonoperating Income (Expense) (1)      
Nonoperating Income (Expense) 103      
INCOME TAX PROVISION 72      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (17)      
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 196      
Taxes other than income taxes 62      
Income before income taxes 285      
Stockholders' Equity Attributable to Parent 2,226 892 1,343 (9)
NET INCOME 121   121  
Dividends to ITC Investment Holdings Inc. (83)   83  
Total other comprehensive (loss) income, net of tax (1)     (1)
Revenues 342      
Transmission and other services 341      
Formula rate true-up 1      
Operation and maintenance 20      
General and administrative 28      
Depreciation and amortization 54      
Total operating expenses 133      
Operating Income (Loss) 209      
Interest expense, net 57      
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity (6)      
Other Nonoperating Income (Expense) (3)      
Nonoperating Income (Expense) 48      
INCOME TAX PROVISION 40      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (1)      
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 120      
Taxes other than income taxes 31      
Income before income taxes 161      
Stockholders' Equity Attributable to Parent $ 2,263 $ 892 $ 1,381 $ (10)