SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

	Regulated
	Operating		ITC Holdings			Reconciliations/
2015	Subsidiaries		and Other			Eliminations			Total
(In thousands)
Operating revenues	$	1,044,311	$	1,057		$	(600	)	$	1,044,768
Depreciation and amortization	143,956		716			—			144,672
Interest expense — net	97,337		106,442			—			203,779
Income (loss) before income taxes	529,484		(145,607		)	—			383,877
Income tax provision (benefit)	200,582		(59,111		)	—			141,471
Net income	328,902		242,406			(328,902		)	242,406
Property, plant and equipment — net	6,093,499		16,140			—			6,109,639
Goodwill	950,163		—			—			950,163
Total assets (a)	7,479,286		4,158,986			(4,056,150		)	7,582,122
Capital expenditures	687,988		3,428			(7,276		)	684,140

	Regulated
	Operating		ITC Holdings			Reconciliations/
2014	Subsidiaries		and Other			Eliminations			Total
(In thousands)
Operating revenues	$	1,023,170	$	605		$	(727	)	$	1,023,048
Depreciation and amortization	127,320		716			—			128,036
Interest expense — net	81,225		105,418			(7		)	186,636
Income (loss) before income taxes	548,704		(154,299		)	—			394,405
Income tax provision (benefit)	210,914		(60,592		)	—			150,322
Net income	337,790		244,083			(337,790		)	244,083
Property, plant and equipment — net	5,483,093		13,782			—			5,496,875
Goodwill	950,163		—			—			950,163
Total assets (a) (b)	6,854,387		3,944,318			(3,839,127		)	6,959,578
Capital expenditures	736,751		1,471			(5,077		)	733,145

	Regulated
	Operating		ITC Holdings			Reconciliations/
2013	Subsidiaries		and Other			Eliminations			Total
(In thousands)
Operating revenues	$	941,571	$	567		$	(866	)	$	941,272
Depreciation and amortization	117,924		672			—			118,596
Interest expense — net	70,239		98,660			(580		)	168,319
Income (loss) before income taxes	515,327		(162,959		)	—			352,368
Income tax provision (benefit)	193,764		(74,902		)	—			118,862
Net income	321,563		233,506			(321,563		)	233,506
Property, plant and equipment — net	4,833,545		12,981			—			4,846,526
Goodwill	950,163		—			—			950,163
Total assets (a) (b)	6,159,153		3,619,759			(3,513,894		)	6,265,018
Capital expenditures	824,165		2,208			(4,785		)	821,588

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

(b) Amounts reflect the change in the authoritative guidance on the presentation of deferred income taxes on the balance sheet. Refer to Notes 3 and 10 for more information.