Consolidated Balance Sheets (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions |
Sep. 30, 2016 |
Dec. 31, 2015 |
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 551
|
$ 131
|
| Receivables- |
|
|
| Customers, net of allowance for uncollectible accounts of $6 in 2016 and $8 in 2015 |
1,470
|
1,415
|
| Other, net of allowance for uncollectible accounts of $3 in 2016 and 2015 |
159
|
180
|
| Materials and supplies |
699
|
785
|
| Derivatives |
152
|
157
|
| Collateral |
89
|
70
|
| Prepayments and other |
156
|
167
|
| Total current assets |
3,480
|
3,040
|
| PROPERTY, PLANT AND EQUIPMENT: |
|
|
| In service |
50,889
|
49,952
|
| Less - Accumulated provision for depreciation |
15,450
|
15,160
|
| Property, plant and equipment in service net of accumulated provision for depreciation |
35,439
|
34,792
|
| Construction work in progress |
2,394
|
2,422
|
| Total net property, plant and equipment |
37,833
|
37,214
|
| INVESTMENTS: |
|
|
| Nuclear plant decommissioning trusts |
2,502
|
2,282
|
| Other |
533
|
506
|
| Total other property and investments |
3,035
|
2,788
|
| DEFERRED CHARGES AND OTHER ASSETS: |
|
|
| Goodwill (Note 2) |
5,618
|
6,418
|
| Other |
907
|
1,286
|
| Total deferred charges and other assets |
7,613
|
9,052
|
| Total assets |
51,961
|
52,094
|
| CURRENT LIABILITIES: |
|
|
| Currently payable long-term debt |
1,216
|
1,166
|
| Other |
2,975
|
1,708
|
| Accounts payable- |
|
|
| Accrued taxes |
537
|
519
|
| Derivatives |
91
|
106
|
| Other |
915
|
694
|
| Total current liabilities |
7,043
|
5,602
|
| Common stockholders' equity- |
|
|
| Common stock, without par value, authorized 750 shares - 7 shares outstanding as of September 30, 2016 and December 31, 2015 |
43
|
42
|
| Accumulated other comprehensive income |
184
|
171
|
| Retained earnings |
1,264
|
2,256
|
| Total common stockholders' equity |
11,503
|
12,421
|
| Long-term debt and other long-term obligations |
18,532
|
19,099
|
| Total capitalization |
30,035
|
31,521
|
| NONCURRENT LIABILITIES: |
|
|
| Deferred gain on sale and leaseback transaction |
765
|
791
|
| Accumulated deferred income taxes |
7,136
|
6,773
|
| Retirement benefits |
4,080
|
4,245
|
| Asset retirement obligations |
1,459
|
1,410
|
| Other |
1,269
|
1,555
|
| Total noncurrent liabilities |
14,883
|
14,971
|
| COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 12) |
|
|
| Total liabilities and capitalization |
51,961
|
52,094
|
| FES |
|
|
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
2
|
2
|
| Receivables- |
|
|
| Customers, net of allowance for uncollectible accounts of $6 in 2016 and $8 in 2015 |
225
|
275
|
| Affiliated companies |
482
|
451
|
| Other, net of allowance for uncollectible accounts of $3 in 2016 and 2015 |
55
|
59
|
| Notes receivable from affiliated companies |
26
|
11
|
| Materials and supplies |
403
|
470
|
| Derivatives |
146
|
154
|
| Collateral |
85
|
70
|
| Prepayments and other |
72
|
66
|
| Total current assets |
1,496
|
1,558
|
| PROPERTY, PLANT AND EQUIPMENT: |
|
|
| In service |
14,100
|
14,311
|
| Less - Accumulated provision for depreciation |
5,822
|
5,765
|
| Property, plant and equipment in service net of accumulated provision for depreciation |
8,278
|
8,546
|
| Construction work in progress |
1,048
|
1,157
|
| Total net property, plant and equipment |
9,326
|
9,703
|
| INVESTMENTS: |
|
|
| Nuclear plant decommissioning trusts |
1,542
|
1,327
|
| Other |
10
|
10
|
| Total other property and investments |
1,552
|
1,337
|
| DEFERRED CHARGES AND OTHER ASSETS: |
|
|
| Customer intangibles |
11
|
61
|
| Goodwill (Note 2) |
0
|
23
|
| Property taxes |
10
|
40
|
| Derivatives |
98
|
79
|
| Other |
374
|
367
|
| Total deferred charges and other assets |
493
|
570
|
| Total assets |
12,867
|
13,168
|
| CURRENT LIABILITIES: |
|
|
| Currently payable long-term debt |
182
|
512
|
| Other |
0
|
8
|
| Accounts payable- |
|
|
| Affiliated companies |
393
|
542
|
| Other |
89
|
139
|
| Accrued taxes |
72
|
76
|
| Derivatives |
89
|
104
|
| Other |
182
|
181
|
| Total current liabilities |
1,108
|
1,562
|
| Common stockholders' equity- |
|
|
| Common stock, without par value, authorized 750 shares - 7 shares outstanding as of September 30, 2016 and December 31, 2015 |
3,653
|
3,613
|
| Accumulated other comprehensive income |
77
|
46
|
| Retained earnings |
1,679
|
1,946
|
| Total common stockholders' equity |
5,409
|
5,605
|
| Long-term debt and other long-term obligations |
2,815
|
2,510
|
| Total capitalization |
8,224
|
8,115
|
| NONCURRENT LIABILITIES: |
|
|
| Deferred gain on sale and leaseback transaction |
765
|
791
|
| Accumulated deferred income taxes |
734
|
600
|
| Retirement benefits |
219
|
332
|
| Asset retirement obligations |
887
|
831
|
| Derivatives |
50
|
38
|
| Other |
880
|
899
|
| Total noncurrent liabilities |
3,535
|
3,491
|
| COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 12) |
|
|
| Total liabilities and capitalization |
12,867
|
13,168
|
| FES | Affiliated Companies |
|
|
| CURRENT LIABILITIES: |
|
|
| Affiliated companies |
$ 101
|
$ 0
|