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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 6 $ 8
Accounts receivable 122 108
Inventory 29 29
Regulatory assets 46 53
Income tax receivable 14 17
Prepaid and other current assets 21 18
Total current assets 238 233
Property, plant and equipment (net of accumulated depreciation and amortization of $1,608 and $1,575, respectively) 6,862 6,698
Other assets    
Goodwill 950 950
Intangible assets (net of accumulated amortization of $33 and $32, respectively) 42 43
Regulatory assets 275 247
Deferred financing fees (net of accumulated amortization of $2 and $2, respectively) 2 2
Other 51 50
Total other assets 1,320 1,292
TOTAL ASSETS 8,420 8,223
Current liabilities    
Accounts payable 104 100
Accrued compensation 13 14
Accrued interest 48 54
Accrued taxes 42 49
Regulatory liabilities 157 129
Refundable deposits from generators for transmission network upgrades 31 17
Debt maturing within one year 809 235
Other 36 35
Total current liabilities 1,240 633
Accrued pension and postretirement liabilities 73 68
Deferred income taxes 1,013 964
Regulatory liabilities 109 249
Refundable deposits from generators for transmission network upgrades 15 27
Other 17 26
Long-term debt 4,005 4,355
Commitments and contingent liabilities (Notes 4 and 11)
STOCKHOLDER’S EQUITY    
Common stock, without par value, 235,000,000 shares authorized, 224,203,112 shares issued and outstanding at March 31, 2017 and December 31, 2016 892 892
Retained earnings 1,054 1,007
Accumulated other comprehensive income 2 [1],[2] 2
Total stockholder’s equity 1,948 1,901
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY $ 8,420 $ 8,223
[1] Includes reclassification of net loss relating to interest rate cash flow hedges from AOCI to interest expense, net of tax, of less than $1 million for the three months ended March 31, 2017 and 2016.
[2] Includes unrealized gains on available-for-sale securities, net of tax, of less than $1 million for the three months ended March 31, 2017 and 2016.