SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 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					Six months ended
OPERATING REVENUES:	June 30,					June 30,
(in millions)	2017			2016		2017			2016
Regulated Operating Subsidiaries	$	310		$	298	$	615		$	578
ITC Holdings and other	—			—		—			—
Intercompany eliminations	(7		)	—		(14		)	—
Total Operating Revenues	$	303		$	298	$	601		$	578

	Three months ended						Six months ended
INCOME (LOSS) BEFORE INCOME TAXES:	June 30,						June 30,
(in millions)	2017			2016			2017			2016
Regulated Operating Subsidiaries	$	164		$	167		$	326		$	319
ITC Holdings and other	(35		)	(51		)	(70		)	(99		)
Total Income Before Income Taxes	$	129		$	116		$	256		$	220

	Three months ended						Six months ended
NET INCOME:	June 30,						June 30,
(in millions)	2017			2016			2017			2016
Regulated Operating Subsidiaries	$	101		$	103		$	200		$	197
ITC Holdings and other	81			74			161			139
Intercompany eliminations	(101		)	(103		)	(200		)	(197		)
Total Net Income	$	81		$	74		$	161		$	139

TOTAL ASSETS:	June 30,			December 31,
(in millions)	2017			2016
Regulated Operating Subsidiaries	$	8,531		$	8,162
ITC Holdings and other	4,666			4,503
Reconciliations / Intercompany eliminations (a)	(4,590		)	(4,442		)
Total Assets	$	8,607		$	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.