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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 14 $ 54
Accounts receivable, less allowance for expected credit losses 325 412
Production fuel, at weighted average cost 57 66
Gas stored underground, at weighted average cost 25 46
Materials and supplies, at weighted average cost 122 105
Regulatory assets 95 81
Other 117 123
Total current assets 755 887
Property, plant and equipment, net 14,353 14,336
Investments:    
ATC Holdings 334 331
Other 160 154
Total investments 494 485
Other assets:    
Regulatory assets 1,912 1,929
Deferred charges and other 80 73
Total other assets 1,992 2,002
Total assets 17,594 17,710
Current liabilities:    
Current maturities of long-term debt 308 8
Commercial paper 336 389
Accounts payable 307 377
Regulatory liabilities 208 249
Other 249 274
Total current liabilities 1,408 1,297
Long-term debt, net (excluding current portion) 6,471 6,769
Other liabilities:    
Deferred tax liabilities 1,843 1,814
Regulatory liabilities 1,047 1,057
Pension and other benefit obligations 495 511
Other 364 374
Total other liabilities 3,749 3,756
Commitments and contingencies (Note 12)
Common equity:    
Common stock 3 2
Additional paid-in capital 2,712 2,704
Retained earnings 3,063 2,994
Accumulated other comprehensive loss (1) (1)
Shares in deferred compensation trust - 365,523 and 380,542 shares at a weighted average cost of $29.17 and $28.73 per share (11) (11)
Total common equity 5,766 5,688
Cumulative preferred stock of Interstate Power and Light Company 200 200
Total equity 5,966 5,888
Total liabilities and equity 17,594 17,710
IPL [Member]    
Current assets:    
Cash and cash equivalents 11 50
Accounts receivable, less allowance for expected credit losses 130 210
Production fuel, at weighted average cost 45 48
Gas stored underground, at weighted average cost 8 20
Materials and supplies, at weighted average cost 73 63
Regulatory assets 73 52
Other 53 53
Total current assets 393 496
Property, plant and equipment, net 7,872 7,889
Other assets:    
Regulatory assets 1,421 1,431
Deferred charges and other 40 33
Total other assets 1,461 1,464
Total assets 9,726 9,849
Current liabilities:    
Accounts payable 119 162
Accounts payable to associated companies 0 45
Regulatory liabilities 87 103
Other 131 137
Total current liabilities 337 447
Long-term debt, net (excluding current portion) 3,346 3,345
Other liabilities:    
Deferred tax liabilities 1,047 1,035
Regulatory liabilities 574 573
Pension and other benefit obligations 180 186
Other 300 299
Total other liabilities 2,101 2,093
Commitments and contingencies (Note 12)
Common equity:    
Common stock 33 33
Additional paid-in capital 2,752 2,752
Retained earnings 957 979
Total common equity 3,742 3,764
Cumulative preferred stock of Interstate Power and Light Company 200 200
Total equity 3,942 3,964
Total liabilities and equity 9,726 9,849
WPL [Member]    
Current assets:    
Cash and cash equivalents 2 3
Accounts receivable, less allowance for expected credit losses 183 192
Production fuel, at weighted average cost 12 18
Gas stored underground, at weighted average cost 17 26
Materials and supplies, at weighted average cost 47 40
Regulatory assets 22 29
Other 47 54
Total current assets 330 362
Property, plant and equipment, net 6,053 6,022
Other assets:    
Regulatory assets 491 498
Deferred charges and other 36 30
Total other assets 527 528
Total assets 6,910 6,912
Current liabilities:    
Commercial paper 148 257
Accounts payable 125 154
Accounts payable to associated companies 17 35
Regulatory liabilities 121 146
Other 94 82
Total current liabilities 505 674
Long-term debt, net (excluding current portion) 2,131 2,130
Other liabilities:    
Deferred tax liabilities 719 702
Regulatory liabilities 473 484
Finance lease obligations - Sheboygan Falls Energy Facility 39 42
Pension and other benefit obligations 215 222
Other 183 180
Total other liabilities 1,629 1,630
Commitments and contingencies (Note 12)
Common equity:    
Common stock 66 66
Additional paid-in capital 1,584 1,459
Retained earnings 995 953
Total common equity 2,645 2,478
Total equity 2,645 2,478
Total liabilities and equity $ 6,910 $ 6,912