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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues        
Total operating revenues $ 2,577 $ 2,658 $ 5,718 $ 5,609
Operating expenses        
Cost of sales — other 10 8 19 17
Operating and maintenance expenses 586 578 1,184 1,135
Conservation and demand side management expenses 65 69 137 139
Depreciation and amortization 439 377 872 760
Taxes (other than income taxes) 142 137 292 282
Total operating expenses 2,167 2,208 4,822 4,679
Operating income 410 450 896 930
Interest charges and financing costs        
Interest charges — includes other financing costs of $6, $6, $13 and $12, respectively 189 175 379 346
Allowance for funds used during construction — debt (10) (11) (20) (22)
Total interest charges and financing costs $ 179 $ 164 $ 359 $ 324
Weighted average common shares outstanding:        
Basic (in shares) 516 510 515 509
Diluted (in shares) 518 510 517 510
Earnings per average common share:        
Basic (in dollars per share) $ 0.46 $ 0.52 $ 1.07 $ 1.09
Diluted (in dollars per share) $ 0.46 $ 0.52 $ 1.07 $ 1.09
Other income (expense) $ 2 $ (2) $ 6 $ (1)
Equity earnings of unconsolidated subsidiaries 9 9 19 16
Allowance for funds used during construction — equity 20 26 40 49
Income before income taxes 262 319 602 670
Income taxes 24 54 49 114
Net income 238 265 553 556
Electric        
Operating revenues        
Total operating revenues 2,249 2,348 4,574 4,617
Operating expenses        
Cost of Goods Sold 813 935 1,727 1,867
Natural gas        
Operating revenues        
Total operating revenues 308 292 1,102 954
Operating expenses        
Cost of Goods Sold 112 104 591 479
Other        
Operating revenues        
Total operating revenues $ 20 $ 18 $ 42 $ 38