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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Electric utility $ 3,345 $ 3,421 $ 3,081
Gas utility 540 642 456
Other utility 52 49 49
Non-utility 90 93 83
Total revenues 4,027 4,205 3,669
Operating expenses:      
Electric production fuel and purchased power 736 830 642
Electric transmission service 583 573 537
Cost of gas sold 299 389 258
Other operation and maintenance 675 704 676
Depreciation and amortization 676 671 657
Taxes other than income taxes 115 110 104
Total operating expenses 3,084 3,277 2,874
Operating income (loss) 943 928 795
Other (income) and deductions:      
Interest expense 394 325 277
Equity income from unconsolidated investments, net (61) (51) (62)
Allowance for funds used during construction (100) (60) (25)
Other 3 6 5
Total other (income) and deductions 236 220 195
Income before income taxes 707 708 600
Income tax expense (benefit) 4 22 (74)
Net income 703 686 674
Preferred dividend requirements of Interstate Power and Light Company 0 0 15
Net income attributable to common shareowners $ 703 $ 686 $ 659
Weighted average number of common shares outstanding:      
Basic (in shares) 253.0 250.9 250.2
Diluted (in shares) 253.3 251.2 250.7
Earnings per weighted average common share attributable to Alliant Energy common shareowners:      
Basic (in dollars per share) $ 2.78 $ 2.73 $ 2.63
Diluted (in dollars per share) $ 2.78 $ 2.73 $ 2.63
IPL [Member]      
Revenues:      
Electric utility $ 1,761 $ 1,859 $ 1,752
Gas utility 300 351 265
Other utility 49 46 46
Total revenues 2,110 2,256 2,063
Operating expenses:      
Electric production fuel and purchased power 282 383 295
Electric transmission service 420 407 367
Cost of gas sold 166 206 149
Other operation and maintenance 353 369 362
Depreciation and amortization 388 381 375
Taxes other than income taxes 57 57 55
Total operating expenses 1,666 1,803 1,603
Operating income (loss) 444 453 460
Other (income) and deductions:      
Interest expense 155 148 139
Allowance for funds used during construction (21) (11) (9)
Other 2 6 1
Total other (income) and deductions 136 143 131
Income before income taxes 308 310 329
Income tax expense (benefit) (58) (50) (36)
Net income 366 360 365
Preferred dividend requirements of Interstate Power and Light Company 0 0 15
Net income attributable to common shareowners 366 360 350
WPL [Member]      
Revenues:      
Electric utility 1,584 1,562 1,329
Gas utility 240 291 191
Other utility 3 3 3
Total revenues 1,827 1,856 1,523
Operating expenses:      
Electric production fuel and purchased power 455 447 347
Electric transmission service 163 166 170
Cost of gas sold 134 183 109
Other operation and maintenance 271 278 268
Depreciation and amortization 280 283 276
Taxes other than income taxes 52 47 45
Total operating expenses 1,355 1,404 1,215
Operating income (loss) 472 452 308
Other (income) and deductions:      
Interest expense 149 121 105
Allowance for funds used during construction (79) (49) (16)
Other (3) (1) 2
Total other (income) and deductions 67 71 91
Income before income taxes 405 381 217
Income tax expense (benefit) 60 66 (51)
Net income $ 345 $ 315 $ 268