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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 42.9 $ 28.9
Accounts receivable and unbilled revenues, net of reserves of $193.5 and $199.3, respectively 1,503.2 1,818.4
Materials, supplies, and inventories 775.2 807.1
Prepaid Taxes 173.9 201.8
Other prepayments 76.8 69.8
Other 223.7 261.7
Current assets 2,795.7 3,187.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $11,073.1 and $10,383.8, respectively 31,581.5 29,113.8
Regulatory assets (December 31, 2023 and December 31, 2022 include $85.9 and $92.4, respectively, related to WEPCo Environmental Trust) 3,249.8 3,264.6
Equity investment in transmission affiliates 2,005.9 1,909.2
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 870.9 916.7
Other 383.1 427.3
Long-term assets 41,144.0 38,684.4
Total assets 43,939.7 41,872.1
Current liabilities    
Short-term debt 2,020.9 1,647.1
Current portion of long-term debt (December 31, 2023 and December 31, 2022 include $9.0 and $8.9, respectively, related to WEPCo Environmental Trust) 1,264.2 881.2
Accounts payable 896.6 1,198.1
Other 933.1 884.6
Current liabilities 5,114.8 4,611.0
Long-term liabilities    
Long-term debt (December 31, 2023 and December 31, 2022 include $85.3 and $94.1, respectively, related to WEPCo Environmental Trust) 15,512.8 14,766.2
Deferred income taxes 4,918.5 4,625.6
Deferred revenue, net 356.4 370.7
Regulatory liabilities 3,697.7 3,735.5
Intangible liabilities 594.8 335.4
Environmental remediation liabilities 463.7 499.6
AROs 374.2 479.3
Pension and OPEB obligations 176.0 171.6
Other 659.3 660.6
Long-term liabilities 26,753.4 25,644.5
Commitments and contingencies (Note 24)
Common shareholders' equity    
Common stock – $0.01 par value; 325,000,000 shares authorized; 315,434,531 shares outstanding 3.2 3.2
Additional paid in capital 4,115.9 4,115.2
Retained earnings 7,612.8 7,265.3
Accumulated other comprehensive loss (7.7) (6.8)
Common shareholders' equity 11,724.2 11,376.9
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 316.9 209.3
Total liabilities and equity $ 43,939.7 $ 41,872.1