XML 38 R26.htm IDEA: XBRL DOCUMENT v3.25.3
Supplementary Financial Information
 9 Months Ended
Sep. 30, 2025
Supplementary Financial Information [Abstract]  
Supplementary Financial Information SUPPLEMENTARY FINANCIAL INFORMATION
Other Income, Net
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in millions)
NDT net income (a)$100 $95 $197 $170 
Insurance settlements (b)— 21 80 22 
Gain on sale of land— 5 — 6 
Gain on TRA settlement (c)— — — 10 
Interest income4 9 14 50 
All other1 6 — 24 
Total other income, net$105 $136 $291 $282 
____________
(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)The $80 million of insurance settlements recognized in 2025 represents the involuntary conversion gain for Martin Lake Incident insurance proceeds reported in the Texas segment. See Note 1 for additional information.
(c)Reported in Corporate and Other.

Inventories by Major Category
September 30, 2025December 31, 2024
(in millions)
Materials and supplies$560 $533 
Fuel stock370 403 
Natural gas in storage40 34 
Total inventories$970 $970 

Investments
September 30, 2025December 31, 2024
(in millions)
Nuclear decommissioning trusts$4,930 $4,440 
Assets related to employee benefit plans13 14 
Land investments42 42 
Other investments23 16 
Total investments$5,008 $4,512 
Other Noncurrent Liabilities and Deferred Credits

The balance of other noncurrent liabilities and deferred credits consists of the following:
September 30, 2025December 31, 2024
(in millions)
Retirement and other employee benefits$200 $224 
Identifiable intangible liabilities141 155 
Regulatory liability (a)691 452 
Operating lease liabilities72 98 
Finance lease liabilities217 218 
Liability for third-party remediation8 8 
Accrued severance costs34 36 
Tax Receivable Agreement obligation9 14 
Other accrued expenses82 65 
Total other noncurrent liabilities and deferred credits$1,454 $1,270 
____________
(a)As of September 30, 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 $691 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 September 30, 2025 and December 31, 2024:
September 30, 2025December 31, 2024
(in millions)
Cash and cash equivalents$602 $1,188 
Restricted cash included in current assets30 28 
Restricted cash included in noncurrent assets6 6 
Total cash, cash equivalents and restricted cash$638 $1,222 

The following table summarizes our supplemental cash flow information for the nine months ended September 30, 2025 and 2024. Non-cash investing and financing activities for the nine months ended September 30, 2024 includes activity related to the Energy Harbor Merger (see Note 2 for additional information).
Nine Months Ended September 30,
20252024
(in millions)
Cash payments related to:
Interest paid$799 $709 
Capitalized interest(86)(52)
Interest paid (net of capitalized interest)$713 $657 

For the nine months ended September 30, 2025 and 2024, we paid federal income tax of $11 million and $2 million, respectively, paid state income taxes of $70 million and $52 million respectively, and received state tax refunds of zero and $8 million, respectively.