XML 46 R26.htm IDEA: XBRL DOCUMENT v3.25.1
Supplementary Financial Information
 3 Months Ended
Mar. 31, 2025
Supplementary Financial Information [Abstract]  
Supplementary Financial Information SUPPLEMENTARY FINANCIAL INFORMATION
Other Income (Deductions), Net
Three Months Ended March 31,
20252024
(in millions)
NDT net income (loss) (a)$(10)$35 
Insurance settlements (b)— 1 
Gain on sale of land— 1 
Gain on TRA settlement (c)— 10 
Interest income6 23 
All other(1)17 
Total other income (deductions), net$(5)$87 
____________
(a)Includes interest, dividends, and net realized and unrealized gains (losses) associated with NDTs of the PJM nuclear facilities. Reported in the East segment.
(b)Reported in the Asset Closure segment.
(c)Reported in Corporate and Other.

Inventories by Major Category
March 31,
2025		December 31,
2024
(in millions)
Materials and supplies$541 $533 
Fuel stock399 403 
Natural gas in storage20 34 
Total inventories$960 $970 
Investments
March 31,
2025		December 31,
2024
(in millions)
Nuclear decommissioning trusts$4,404 $4,440 
Assets related to employee benefit plans13 14 
Land investments42 42 
Other investments17 16 
Total investments$4,476 $4,512 

Other Noncurrent Liabilities and Deferred Credits

The balance of other noncurrent liabilities and deferred credits consists of the following:
March 31,
2025		December 31,
2024
(in millions)
Retirement and other employee benefits$204 $224 
Identifiable intangible liabilities
149 155 
Regulatory liability (a)411 452 
Operating lease liabilities81 98 
Finance lease liabilities217 218 
Liability for third-party remediation8 8 
Accrued severance costs36 36 
Tax Receivable Agreement obligation12 14 
Other accrued expenses110 65 
Total other noncurrent liabilities and deferred credits$1,228 $1,270 
____________
(a)As of March 31, 2025 and December 31, 2024, the fair value of the assets contained in the Comanche Peak NDT was higher than the carrying value of our ARO related to our nuclear generation plant decommissioning and recorded as a regulatory liability of $411 million and $452 million, respectively.

Supplemental Cash Flow Information

The following table reconciles cash, cash equivalents and restricted cash reported in the condensed consolidated statements of cash flows to the amounts reported in the condensed consolidated balance sheets at March 31, 2025 and December 31, 2024:
March 31,
2025		December 31,
2024
(in millions)
Cash and cash equivalents$561 $1,188 
Restricted cash included in current assets29 28 
Restricted cash included in noncurrent assets6 6 
Total cash, cash equivalents and restricted cash$596 $1,222 
The following table summarizes our supplemental cash flow information for the three months ended March 31, 2025 and 2024. Non-cash investing and financing activities for the three months ended March 31, 2024 includes activity related to the Energy Harbor Merger (see Note 2 for additional information).
Three Months Ended March 31,
20252024
(in millions)
Cash payments related to:
Interest paid$210 $214 
Capitalized interest(29)(12)
Interest paid (net of capitalized interest)$181 $202 

For the three months ended March 31, 2025 and 2024, we paid state income taxes of $5 million and $3 million respectively, and received state tax refunds of zero and $1 million, respectively.