CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 1,131	$ 713
Restricted cash and restricted cash equivalents (includes $325 million and $225 million related to VIEs at respective dates)	359	259
Accounts receivable
Customers (net of allowance for doubtful accounts of $407 million and $408 million at respective dates) (includes $1.6 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $407 million and $408 million at respective dates)	1,928	2,267
Accrued unbilled revenue (includes $1.3 billion related to VIEs at respective dates)	1,436	1,463
Regulatory balancing accounts	5,025	6,300
Other (net of allowance for doubtful accounts of $72 million and $69 million at respective dates)	1,810	1,719
Regulatory assets	230	305
Inventories
Gas stored underground and fuel oil	68	75
Materials and supplies	763	745
Wildfire Fund asset	295	297
Wildfire self-insurance asset	1,050	1,043
Other	704	644
Total current assets	14,799	15,830
Property, Plant, and Equipment
Property, Plant, and Equipment	131,319	128,989
Construction work in progress	4,754	4,627
Financing lease ROU asset and other	0	2
Total property, plant, and equipment	136,073	133,618
Accumulated depreciation	(37,849)	(37,270)
Net property, plant, and equipment	98,224	96,348
Other Noncurrent Assets
Regulatory assets	15,722	15,981
Customer credit trust	691	804
Nuclear decommissioning trusts	4,185	4,230
Operating lease ROU asset	498	450
Wildfire Fund asset	3,629	3,728
Other (includes noncurrent accounts receivable of $78 million and $67 million related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $15 million at respective dates)	4,205	4,240
Total other noncurrent assets	28,930	29,433
TOTAL ASSETS	141,953	141,611
Current Liabilities
Short-term borrowings	1,675	2,675
Long-term debt, classified as current (includes $222 million and $221 million related to VIEs at respective dates)	622	821
Accounts payable
Trade creditors	2,836	3,353
Regulatory balancing accounts	1,596	3,119
Other	875	929
Operating lease liabilities	89	90
Interest payable (includes $155 million and $72 million related to VIEs at respective dates)	710	764
Wildfire-related claims	380	524
Other	3,562	4,025
Total current liabilities	12,345	16,300
Noncurrent Liabilities
Long-term debt (includes $11.6 billion and $11.7 billion related to VIEs at respective dates)	60,146	57,387
Regulatory liabilities	20,265	20,188
Pension and other postretirement benefits	537	549
Asset retirement obligations	5,507	5,439
Deferred income taxes	4,425	4,135
Operating lease liabilities	409	360
Financing lease liabilities	0	2
Other	4,817	4,459
Total noncurrent liabilities	96,106	92,519
Shareholders’ Equity
Mandatory convertible preferred stock	1,579	1,579
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,202,224,728 and 2,197,942,874 shares outstanding at respective dates	31,605	31,636
Reinvested earnings	97	(650)
Accumulated other comprehensive loss	(31)	(25)
Total shareholders’ equity	33,250	32,540
Noncontrolling Interest - Preferred Stock of Subsidiary	252	252
Total equity	33,502	32,792
TOTAL LIABILITIES AND EQUITY	$ 141,953	$ 141,611