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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 224.0 $ 42.9
Accounts receivable and unbilled revenues, net of reserves of $166.9 and $193.5, respectively 1,242.7 1,503.2
Materials, supplies, and inventories 695.8 775.2
Prepaid taxes 182.6 173.9
Other prepayments 52.6 76.8
Other 186.4 223.7
Current assets 2,584.1 2,795.7
Long-term assets    
Property, plant, and equipment, net of accumulated depreciation and amortization of $11,263.4 and $11,073.1, respectively 32,263.8 31,581.5
Regulatory assets (June 30, 2024 and December 31, 2023 include $82.3 and $85.9, respectively, related to WEPCo Environmental Trust) 3,393.1 3,249.8
Equity investment in transmission affiliates 2,055.8 2,005.9
Goodwill 3,052.8 3,052.8
Pension and OPEB assets 901.2 870.9
Other 331.4 383.1
Long-term assets 41,998.1 41,144.0
Total assets 44,582.2 43,939.7
Current liabilities    
Short-term debt 761.3 2,020.9
Current portion of long-term debt (June 30, 2024 and December 31, 2023 include $9.1 and $9.0, respectively, related to WEPCo Environmental Trust) 1,157.4 1,264.2
Accounts payable 799.9 896.6
Customer credit balances 178.8 236.2
Other 594.2 696.9
Current liabilities 3,491.6 5,114.8
Long-term liabilities    
Long-term debt (June 30, 2024 and December 31, 2023 include $80.9 and $85.3, respectively, related to WEPCo Environmental Trust) 16,907.8 15,512.8
Deferred income taxes 5,265.4 4,918.5
Deferred revenue, net 345.5 356.4
Regulatory liabilities 3,834.7 3,697.7
Intangible liabilities 568.0 594.8
Environmental remediation liabilities 437.0 463.7
AROs 543.6 374.2
Other 794.2 835.3
Long-term liabilities 28,696.2 26,753.4
Commitments and contingencies (Note 23)
Common shareholders' equity    
Common stock – $0.01 par value; 650,000,000 shares authorized; 316,079,401 and $315,434,531 shares outstanding, respectively 3.2 3.2
Additional paid in capital 4,168.3 4,115.9
Retained earnings 7,919.2 7,612.8
Accumulated other comprehensive loss (7.8) (7.7)
Common shareholders' equity 12,082.9 11,724.2
Preferred stock of subsidiary 30.4 30.4
Noncontrolling interests 281.1 316.9
Total liabilities and equity $ 44,582.2 $ 43,939.7
Common stock, shares outstanding 316,079,401 315,434,531