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Condensed Consolidated Balance Sheets (Unaudited) - GAS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,724 $ 1,798
Receivables —    
Customer accounts 2,277 1,806
Unbilled revenues 807 711
Other accounts and notes 534 523
Accumulated provision for uncollectible accounts (94) (78)
Natural gas for sale 209 362
Prepaid expenses 528 330
Assets from risk management activities, net of collateral 247 151
Natural gas cost under recovery 361 266
Other regulatory assets 641 653
Other current assets 212 231
Total current assets 9,781 8,965
Property, Plant, and Equipment:    
In service 117,418 115,592
Less: Accumulated depreciation 35,203 34,079
Plant in service, net of depreciation 82,215 81,513
Construction work in progress 9,770 8,771
Total property, plant, and equipment 92,822 91,108
Other Property and Investments:    
Goodwill 5,280 5,280
Equity investments in unconsolidated subsidiaries 1,305 1,282
Other intangible assets, net of amortization 425 445
Miscellaneous property and investments 576 653
Total other property and investments 9,736 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,623 1,701
Prepaid pension costs 1,893 1,657
Other regulatory assets, deferred 5,448 5,577
Other deferred charges and assets 2,393 1,776
Total deferred charges and other assets 18,430 17,259
Total Assets 130,769 127,534
Current Liabilities:    
Securities due within one year 1,052 2,157
Notes payable 2,510 1,440
Accounts payable —    
Customer deposits 461 479
Accrued interest 553 533
Accrued compensation 807 1,070
Other regulatory liabilities 557 563
Other current liabilities 1,062 872
Total current liabilities 11,487 10,921
Long-term Debt 51,204 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,620 8,862
Deferred credits related to income taxes 5,318 5,401
Employee benefit obligations 1,509 1,550
Operating lease obligations, deferred 1,464 1,503
Other cost of removal obligations 1,993 2,103
Other deferred credits and liabilities 1,198 816
Total deferred credits and other liabilities 34,823 33,926
Total Liabilities 97,514 94,967
Common Stockholder's Equity (See accompanying statements) 33,013 32,276
Total Liabilities and Stockholders' Equity 130,769 127,534
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 217 45
Receivables —    
Customer accounts 379 462
Unbilled revenues 109 278
Other accounts and notes 53 49
Accumulated provision for uncollectible accounts (55) (39)
Natural gas for sale 209 362
Prepaid expenses 185 114
Assets from risk management activities, net of collateral 22 33
Natural gas cost under recovery 361 266
Other regulatory assets 105 136
Other current assets 53 49
Total current assets 1,638 1,755
Property, Plant, and Equipment:    
In service 19,362 18,880
Less: Accumulated depreciation 5,201 5,067
Plant in service, net of depreciation 14,161 13,813
Construction work in progress 776 684
Total property, plant, and equipment 14,937 14,497
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,134 1,173
Other intangible assets, net of amortization 31 37
Miscellaneous property and investments 19 19
Total other property and investments 6,199 6,244
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 63 70
Prepaid pension costs 192 175
Other regulatory assets, deferred 459 689
Other deferred charges and assets 130 130
Total deferred charges and other assets 844 1,064
Total Assets 23,618 23,560
Current Liabilities:    
Securities due within one year 0 47
Notes payable 516 1,209
Accounts payable —    
Affiliated 54 58
Other 494 361
Customer deposits 81 95
Accrued taxes 74 124
Accrued interest 58 59
Accrued compensation 91 110
Temporary LIFO liquidation 177 0
Other regulatory liabilities 37 8
Other current liabilities 161 155
Total current liabilities 1,743 2,226
Long-term Debt 6,785 6,855
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,595 1,555
Deferred credits related to income taxes 800 816
Employee benefit obligations 168 176
Operating lease obligations, deferred 55 59
Other cost of removal obligations 1,694 1,683
Accrued environmental remediation 181 197
Other deferred credits and liabilities 137 77
Total deferred credits and other liabilities 4,630 4,563
Total Liabilities 13,158 13,644
Common Stockholder's Equity (See accompanying statements) 10,460 9,916
Total Liabilities and Stockholders' Equity $ 23,618 $ 23,560