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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 895 $ 635
Restricted cash and restricted cash equivalents (includes $325 million and $282 million related to VIEs at respective dates) 335 297
Accounts receivable    
Customers (net of allowance for doubtful accounts of $378 million and $445 million at respective dates) (includes $1.9 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $378 million and $445 million at respective dates) 2,302 2,048
Accrued unbilled revenue (includes $1.4 billion and $1.1 billion related to VIEs at respective dates) 1,593 1,254
Regulatory balancing accounts 7,150 5,660
Other (net of allowance for doubtful accounts of $50 million and $35 million at respective dates) 1,639 1,494
Regulatory assets 244 300
Inventories    
Gas stored underground and fuel oil 51 65
Materials and supplies 761 805
Wildfire Fund asset 301 450
Other 2,276 1,375
Total current assets 17,547 14,383
Property, Plant, and Equipment    
Electric 84,207 80,345
Gas 30,976 29,830
Construction work in progress 4,975 4,452
Financing lease ROU asset and other 815 787
Total property, plant, and equipment 120,973 115,414
Accumulated depreciation (34,594) (33,093)
Net property, plant, and equipment 86,379 82,321
Other Noncurrent Assets    
Regulatory assets 15,584 17,189
Customer credit trust 446 233
Nuclear decommissioning trusts 3,912 3,574
Operating lease ROU asset 546 598
Wildfire Fund asset 4,156 4,297
Income taxes receivable 1 24
Other (includes noncurrent accounts receivable of $98 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $0 at respective dates) 3,748 3,079
Total other noncurrent assets 28,393 28,994
TOTAL ASSETS 132,319 125,698
Current Liabilities    
Short-term borrowings 2,022 3,971
Long-term debt, classified as current (includes $204 million and $176 million related to VIEs at respective dates) 2,128 1,376
Accounts payable    
Trade creditors 2,395 2,309
Regulatory balancing accounts 2,670 1,669
Other 742 851
Operating lease liabilities 83 80
Financing lease liabilities 584 259
Interest payable (includes $147 million and $67 million related to VIEs at respective dates) 651 679
Wildfire-related claims 993 1,422
Other 4,615 4,698
Total current liabilities 16,883 17,314
Noncurrent Liabilities    
Long-term debt (includes $11.7 billion and $10.5 billion related to VIEs at respective dates) 54,748 50,975
Regulatory liabilities 20,391 19,444
Pension and other postretirement benefits 454 476
Asset retirement obligations 5,394 5,512
Deferred income taxes 2,670 1,980
Operating lease liabilities 462 518
Financing lease liabilities 4 554
Other 4,227 3,633
Total noncurrent liabilities 88,350 83,092
Shareholders’ Equity    
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,137,544,854 and 2,133,597,758 shares outstanding at respective dates 30,402 30,374
Reinvested earnings (3,558) (5,321)
Accumulated other comprehensive loss (10) (13)
Total shareholders’ equity 26,834 25,040
Noncontrolling Interest - Preferred Stock of Subsidiary 252 252
Total equity 27,086 25,292
TOTAL LIABILITIES AND EQUITY $ 132,319 $ 125,698