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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 291 $ 239
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 387 369
Nuclear fuel amortization 31 31
Deferred income taxes 59 194
Allowance for equity funds used during construction (23) (14)
Equity earnings of unconsolidated subsidiaries (6) (8)
Dividends from unconsolidated subsidiaries 9 12
Share-based compensation expense 6 18
Other, net (1) 4
Changes in operating assets and liabilities:    
Accounts receivable (71) 3
Accrued unbilled revenues 159 174
Inventories 118 88
Other current assets 1 (77)
Accounts payable (42) (144)
Net regulatory assets and liabilities 147 18
Other current liabilities (17) (43)
Pension and other employee benefit obligations (146) (149)
Change in other noncurrent assets 2 0
Change in other noncurrent liabilities (17) 3
Net cash provided by operating activities 887 718
Investing activities    
Utility capital/construction expenditures (883) (749)
Allowance for equity funds used during construction 23 14
Purchases of investment securities (185) (173)
Proceeds from the sale of investment securities 179 168
Investments in unconsolidated subsidiaries and other (3) (3)
Other, net (3) (5)
Net cash used in investing activities (872) (748)
Financing activities    
Proceeds from short-term borrowings, net 211 213
Dividends paid (175) (173)
Other (18) (21)
Net cash provided by financing activities 18 19
Net change in cash and cash equivalents 33 (11)
Cash and cash equivalents at beginning of period 83 85
Cash and cash equivalents at end of period 116 74
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (181) (174)
Supplemental disclosure of non-cash investing and financing transactions:    
Property, plant and equipment additions in accounts payable 241 186
Issuance of common stock for equity awards $ 20 $ 12