2023 Q2 Form 10-Q Financial Statement
#000163499723000041 Filed on April 26, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | $1.587B | $2.466B |
YoY Change | -11.54% | 15.61% |
Cost Of Revenue | $385.0M | $977.0M |
YoY Change | -12.5% | 31.85% |
Gross Profit | $1.202B | $1.489B |
YoY Change | -11.23% | 6.97% |
Gross Profit Margin | 75.74% | 60.38% |
Selling, General & Admin | $3.000M | $4.000M |
YoY Change | 0.0% | -20.0% |
% of Gross Profit | 0.25% | 0.27% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $285.0M | $280.0M |
YoY Change | 5.17% | 7.28% |
% of Gross Profit | 23.71% | 18.8% |
Operating Expenses | $1.076B | $1.224B |
YoY Change | -5.03% | 12.29% |
Operating Profit | $126.0M | $265.0M |
YoY Change | -42.99% | -12.25% |
Interest Expense | -$95.00M | $95.00M |
YoY Change | -220.25% | 33.8% |
% of Operating Profit | -75.4% | 35.85% |
Other Income/Expense, Net | $29.00M | $25.00M |
YoY Change | 222.22% | 127.27% |
Pretax Income | $60.00M | $197.0M |
YoY Change | -61.78% | -60.2% |
Income Tax | $9.000M | -$18.00M |
% Of Pretax Income | 15.0% | -9.14% |
Net Earnings | $85.00M | $245.0M |
YoY Change | -53.8% | -44.94% |
Net Earnings / Revenue | 5.36% | 9.94% |
Basic Earnings Per Share | $0.22 | $0.63 |
Diluted Earnings Per Share | $0.22 | $0.63 |
COMMON SHARES | ||
Basic Shares Outstanding | 386.6M shares | 386.6M shares |
Diluted Shares Outstanding | 387.1M shares | 387.1M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $58.00M | $72.00M |
YoY Change | -85.89% | -88.89% |
Cash & Equivalents | $58.00M | $72.00M |
Short-Term Investments | ||
Other Short-Term Assets | $886.0M | $960.0M |
YoY Change | 2.9% | 21.06% |
Inventory | $451.0M | $434.0M |
Prepaid Expenses | ||
Receivables | $1.354B | $1.669B |
Other Receivables | $2.000M | $2.000M |
Total Short-Term Assets | $2.751B | $3.140B |
YoY Change | -7.96% | -2.76% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $31.93B | $31.25B |
YoY Change | 6.22% | 5.15% |
Goodwill | $3.119B | $3.119B |
YoY Change | 0.0% | 0.0% |
Intangibles | $294.0M | $278.0M |
YoY Change | 3.16% | -3.81% |
Long-Term Investments | $490.0M | $440.0M |
YoY Change | 13.69% | 1.38% |
Other Assets | $3.010B | $2.981B |
YoY Change | 646.9% | 639.7% |
Total Long-Term Assets | $38.86B | $38.32B |
YoY Change | 5.69% | 5.52% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.751B | $3.140B |
Total Long-Term Assets | $38.86B | $38.32B |
Total Assets | $41.61B | $41.46B |
YoY Change | 4.66% | 4.85% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.359B | $1.578B |
YoY Change | 4586.21% | 10420.0% |
Accrued Expenses | $78.00M | $105.0M |
YoY Change | 0.0% | 9.38% |
Deferred Revenue | $17.00M | $16.00M |
YoY Change | 21.43% | 100.0% |
Short-Term Debt | $1.868B | $1.293B |
YoY Change | 1908.6% | 3594.29% |
Long-Term Debt Due | $125.0M | $413.0M |
YoY Change | -64.29% | 46.98% |
Total Short-Term Liabilities | $4.655B | $4.570B |
YoY Change | 39.12% | 38.48% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $8.318B | $8.243B |
YoY Change | 5.45% | 2.61% |
Other Long-Term Liabilities | $5.894B | $5.251B |
YoY Change | 14.22% | 2.22% |
Total Long-Term Liabilities | $14.21B | $16.38B |
YoY Change | -11.29% | 1.22% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.655B | $4.570B |
Total Long-Term Liabilities | $14.21B | $16.38B |
Total Liabilities | $22.13B | $20.95B |
YoY Change | 14.27% | 7.53% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.900B | $1.985B |
YoY Change | -5.14% | 9.13% |
Common Stock | $17.70B | $17.70B |
YoY Change | 0.05% | 0.08% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | 108.2K shares | |
Shareholders Equity | $19.48B | $19.51B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $41.61B | $41.46B |
YoY Change | 4.66% | 4.85% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $85.00M | $245.0M |
YoY Change | -53.8% | -44.94% |
Depreciation, Depletion And Amortization | $285.0M | $280.0M |
YoY Change | 5.17% | 7.28% |
Cash From Operating Activities | $526.0M | $204.0M |
YoY Change | 26.14% | -47.42% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $799.0M | $836.0M |
YoY Change | -234.97% | 3.08% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $61.00M | $11.00M |
YoY Change | 27.08% | -93.6% |
Cash From Investing Activities | -$738.0M | -$819.0M |
YoY Change | 35.66% | -13.61% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $170.0M | |
YoY Change | 0.0% | |
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $4.000M | |
YoY Change | -95.51% | |
Cash From Financing Activities | 198.0M | $618.0M |
YoY Change | -280.0% | -332.33% |
NET CHANGE | ||
Cash From Operating Activities | 526.0M | $204.0M |
Cash From Investing Activities | -738.0M | -$819.0M |
Cash From Financing Activities | 198.0M | $618.0M |
Net Change In Cash | -14.00M | $3.000M |
YoY Change | -94.09% | -100.36% |
FREE CASH FLOW | ||
Cash From Operating Activities | $526.0M | $204.0M |
Capital Expenditures | $799.0M | $836.0M |
Free Cash Flow | -$273.0M | -$632.0M |
YoY Change | -127.06% | 49.41% |
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Public Utilities Inventory
PublicUtilitiesInventory
|
249000000 | usd |
CY2022Q4 | us-gaap |
Public Utilities Inventory
PublicUtilitiesInventory
|
235000000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
406000000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
386000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
489000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
447000000 | usd |
CY2023Q1 | us-gaap |
Assets Current
AssetsCurrent
|
3140000000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
3210000000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
31249000000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
30994000000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
199000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
159000000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
440000000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
437000000 | usd |
CY2023Q1 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
43000000 | usd |
CY2022Q4 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
49000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
|
2473000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
|
2321000000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
3119000000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
3119000000 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
278000000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
281000000 | usd |
CY2023Q1 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
104000000 | usd |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
140000000 | usd |
CY2023Q1 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
413000000 | usd |
CY2022Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
413000000 | usd |
CY2023Q1 | us-gaap |
Other Assets
OtherAssets
|
3914000000 | usd |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
3953000000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
41458000000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
41123000000 | usd |
CY2023Q1 | agr |
Long Term Debt Current Maturities Excluding Current Notes Payable
LongTermDebtCurrentMaturitiesExcludingCurrentNotesPayable
|
413000000 | usd |
CY2022Q4 | agr |
Long Term Debt Current Maturities Excluding Current Notes Payable
LongTermDebtCurrentMaturitiesExcludingCurrentNotesPayable
|
412000000 | usd |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1291000000 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
566000000 | usd |
CY2023Q1 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
2000000 | usd |
CY2022Q4 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
2000000 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
93000000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
66000000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1562000000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2007000000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
16000000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
39000000 | usd |
CY2023Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
170000000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
170000000 | usd |
CY2023Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
78000000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
61000000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
12000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
13000000 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
98000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
133000000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
483000000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
593000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
352000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
354000000 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4570000000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4416000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
2884000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
2915000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
2270000000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
2234000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1048000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1062000000 | usd |
CY2023Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
484000000 | usd |
CY2022Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
491000000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
201000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
161000000 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
135000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
164000000 | usd |
CY2023Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
277000000 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
273000000 | usd |
CY2023Q1 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
277000000 | usd |
CY2022Q4 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
279000000 | usd |
CY2023Q1 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
559000000 | usd |
CY2022Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
563000000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
5251000000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
5227000000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
8235000000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
8215000000 | usd |
CY2023Q1 | us-gaap |
Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
|
8000000 | usd |
CY2022Q4 | us-gaap |
Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
|
8000000 | usd |
CY2023Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
16378000000 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
16365000000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
20948000000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
20781000000 | usd |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
387747089 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
387734757 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
386640918 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
386628586 | shares |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
3000000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
3000000 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
17697000000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
17694000000 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
47000000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
47000000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1985000000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1910000000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-131000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-180000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19507000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19380000000 | usd |
CY2023Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1003000000 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
962000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20510000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20342000000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
41458000000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
41123000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
215000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
427000000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
280000000 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
261000000 | usd |
CY2023Q1 | agr |
Amortization Of Regulatory Assets Liabilities
AmortizationOfRegulatoryAssetsLiabilities
|
-32000000 | usd |
CY2022Q1 | agr |
Amortization Of Regulatory Assets Liabilities
AmortizationOfRegulatoryAssetsLiabilities
|
2000000 | usd |
CY2023Q1 | us-gaap |
Pension Expense
PensionExpense
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Pension Expense
PensionExpense
|
8000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
253000000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
6000000 | usd |
CY2022Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5000000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-3000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
51000000 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
5000000 | usd |
CY2022Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-82000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
183000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
96000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
127000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-242000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
196000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-2000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-2000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
204000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
388000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
836000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
811000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
|
19000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
|
30000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
6000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
3000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
1000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
2000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
11000000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
172000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-819000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-948000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
149000000 | usd |
CY2023Q1 | agr |
Repayments Of Noncurrent Debt Excluding Debt With Affiliate
RepaymentsOfNoncurrentDebtExcludingDebtWithAffiliate
|
4000000 | usd |
CY2022Q1 | agr |
Repayments Of Noncurrent Debt Excluding Debt With Affiliate
RepaymentsOfNoncurrentDebtExcludingDebtWithAffiliate
|
89000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
722000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-161000000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1000000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
6000000 | usd |
CY2023Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd |
CY2022Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1000000 | usd |
CY2023Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
3000000 | usd |
CY2022Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
74000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
13000000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
170000000 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
170000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
618000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-266000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-826000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
72000000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1477000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
651000000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
56000000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
55000000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
19961000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
427000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
423000000 | usd |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.44 | |
CY2022Q1 | us-gaap |
Dividends
Dividends
|
340000000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5000000 | usd |
CY2022Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1000000 | usd |
CY2022Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
13000000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20060000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20342000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
215000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
17000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
49000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
264000000 | usd |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.44 | |
CY2023Q1 | us-gaap |
Dividends
Dividends
|
170000000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3000000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
3000000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
74000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20510000000 | usd |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Background and Nature of Operations<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Avangrid, Inc. (AVANGRID, we or the Company) is an energy services holding company engaged in the regulated energy transmission and distribution business through its principal subsidiary, Avangrid Networks, Inc. (Networks), and in the renewable energy generation business through its principal subsidiary, Avangrid Renewables Holding, Inc. (ARHI). ARHI in turn holds subsidiaries including Avangrid Renewables, LLC (Renewables). Iberdrola, S.A. (Iberdrola), a corporation organized under the laws of the Kingdom of Spain, owns 81.6% of the outstanding common stock of AVANGRID. The remaining outstanding shares are owned by various shareholders, with approximately 14.7% of AVANGRID's outstanding shares publicly-traded on the New York Stock Exchange (NYSE).</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Proposed Merger with PNMR</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 20, 2020, AVANGRID, PNM Resources, Inc., a New Mexico corporation (PNMR) and NM Green Holdings, Inc., a New Mexico corporation and wholly-owned subsidiary of AVANGRID (Merger Sub), entered into an Agreement and Plan of Merger (Merger Agreement), pursuant to which Merger Sub was expected to merge with and into PNMR, with PNMR surviving the Merger as a direct wholly-owned subsidiary of AVANGRID (Merger). Pursuant to the Merger Agreement, each issued and outstanding share of the common stock of PNMR (PNMR common stock) (other than (i) the issued shares of PNMR common stock that are owned by AVANGRID, Merger Sub, PNMR or any wholly-owned subsidiary of AVANGRID or PNMR, which will be automatically cancelled at the time the Merger is consummated and (ii) shares of PNMR common stock held by a holder who has not voted in favor of, or consented in writing to, the Merger who is entitled to, and who has demanded, payment for fair value of such shares) will be converted, at the time the Merger is consummated, into the right to receive $50.30 in cash (Merger Consideration).</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consummation of the Merger (Closing) is subject to the satisfaction or waiver of certain customary closing conditions, including, without limitation, the approval of the Merger Agreement by the holders of at least a majority of the outstanding shares of PNMR common stock entitled to vote thereon, the absence of any material adverse effect on PNMR, the receipt of certain required regulatory approvals (including approvals from the Public Utility Commission of Texas (PUCT), the New Mexico Public Regulation Commission (NMPRC), the Federal Energy Regulatory Commission (FERC), the Federal Communications Commission (FCC), the Committee on Foreign Investment in the United States (CFIUS), the Nuclear Regulatory Commission (NRC) and approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR)), the Four Corners Divestiture Agreements (as defined below) being in full force and effect and all applicable regulatory filings associated therewith being made, as well as holders of no more than 15% of the outstanding shares of PNMR common stock validly exercising their dissenters’ rights. On February 12, 2021, the shareholders of PNMR approved the proposed Merger. As of November 1, 2021, the Merger had obtained all regulatory approvals other than from the NMPRC. On November 1, 2021, after public hearing and briefing on the matter, the hearing examiner in the Merger proceeding at the NMPRC issued an unfavorable recommendation related to the amended stipulated agreement entered into by PNMR's subsidiary, Public Service Company of New Mexico (PNM), AVANGRID and a number of interveners in the NMPRC proceeding with respect to consideration of the joint Merger application. On December 8, 2021, the NMPRC issued an order rejecting the amended stipulated agreement. On January 3, 2022, AVANGRID and PNM filed a notice of appeal of the December 8, 2021 decision of the NMPRC with the New Mexico Supreme Court. The Statement of Issues was filed on February 2, 2022 and the Brief in Chief was filed on April 7, 2022. On June 14, 2022, the NMPRC filed its Answer Brief. On June 13, 2022, New Energy Economy, an intervener in the Merger proceeding, filed its Answer Brief. AVANGRID's Reply Brief was filed on August 5, 2022. On March 8, 2023, AVANGRID, PNM and the NMPRC filed a motion to dismiss the appeal and remand the proceeding back to the NMPRC for further proceedings. The motion states that, once granted, AVANGRID and PNM intend to file a motion for rehearing and/or reconsideration at the NMPRC. One party opposed the motion and certain other parties have sought clarification regarding the process that the NMPRC would implement on remand.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 24, 2022, the FCC granted an extension to its approval to transfer operating licenses in connection with the Merger, which was further extended on August 9, 2022 and again on February 16, 2023. On May 20, 2022, the NRC issued an order extending the effectiveness of its approval until May 25, 2023, and again on March 14, 2023 until May 25, 2024. Furthermore, a new HSR filing was submitted and the waiting period expired at 11:50 pm on March 10, 2023, providing HSR clearance for another year. On September 21, 2022, New Energy Economy filed a motion to show cause with the NMPRC alleging that AVANGRID and PNM have engaged in a misleading joint advertising and sponsorship strategy and requesting an investigation. AVANGRID and PNM filed a reply to the motion to show cause on October 11, 2022. On December 14, 2022, the NMPRC issued an order denying the motion. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, on January 3, 2022, AVANGRID, PNMR and Merger Sub entered into an Amendment to the Merger Agreement (the First Amendment), pursuant to which AVANGRID, PNMR and Merger Sub each agreed to extend the “End Date” for consummation of the Merger until April 20, 2023. The parties acknowledged in the First Amendment that the required regulatory approval from the NMPRC had not been obtained and that the parties reasonably determined that such outstanding approval would not be obtained by April 20, 2022. In light of this outstanding approval, the parties determined to approve the First Amendment. Subsequently, on April 12, 2023, AVANGRID, PNMR and Merger Sub entered into a Second Amendment to the Merger Agreement (the Second Amendment), pursuant to which AVANGRID, PNMR and Merger Sub each agreed to further extend the “End Date” for consummation of the Merger until July 20, 2023. The parties acknowledged in the Second Amendment that the required regulatory approval from the NMPRC had not been obtained and that the parties reasonably determined that such outstanding approval would not be obtained by April 20, 2023. As amended by the Second Amendment, the Merger Agreement may be terminated by each of AVANGRID and PNMR under certain circumstances, including if the Merger is not consummated by July 20, 2023. During the pendency of the appeal described above, certain required regulatory approvals and consents may expire and AVANGRID and PNMR will reapply and/or apply for extensions of such approvals, as the case may be. We cannot predict the outcome of any other re-applications or requests for extensions of such approvals that may be required. </span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Merger Agreement contains representations, warranties and covenants of PNMR, AVANGRID and Merger Sub, which are customary for transactions of this type. In addition, among other things, the Merger Agreement contains a covenant requiring PNMR to, prior to the closing, enter into agreements (Four Corners Divestiture Agreements) providing for, and to make filings required to, exit from all ownership interests in the Four Corners Power Plant, all with the objective of having the closing date for such exit be no later than December 31, 2024.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Merger Agreement (as amended) provides for certain customary termination rights including the right of either party to terminate the Merger Agreement if the Merger is not completed on or before July 20, 2023. The Merger Agreement further provides that, upon termination of the Merger Agreement under certain specified circumstances (including if AVANGRID terminates the Merger Agreement due to a change in recommendation of the board of directors of PNMR or if PNMR terminates the Merger Agreement to accept a superior proposal (as defined in the Merger Agreement)), PNMR will be required to pay AVANGRID a termination fee of $130 million. In addition, the Merger Agreement provides that (i) if the Merger Agreement is terminated by either party due to a failure of a regulatory closing condition and such failure is the result of AVANGRID’s breach of its regulatory covenants, or (ii) AVANGRID fails to effect the Closing when all closing conditions have been satisfied and it is otherwise obligated to do so under the Merger Agreement, then, in either such case, upon termination of the Merger Agreement, AVANGRID will be required to pay PNMR a termination fee of $184 million as the sole and exclusive remedy. Upon the termination of the Merger Agreement under certain specified circumstances involving a breach of the Merger Agreement, either PNMR or AVANGRID will be required to reimburse the other party’s reasonable and documented out-of-pocket fees and expenses up to $10 million (which amount will be credited toward, and offset against, the payment of any applicable termination fee).</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Merger, Iberdrola has provided AVANGRID a commitment letter (Iberdrola Funding Commitment Letter), pursuant to which Iberdrola has unilaterally agreed to provide to AVANGRID, or arrange the provision to AVANGRID of, funds to the extent necessary for AVANGRID to consummate the Merger, up to a maximum aggregate amount of approximately $4,300 million, including the payment of the aggregate Merger Consideration.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 15, 2021, AVANGRID entered into a side letter agreement with Iberdrola, which sets forth certain terms and conditions relating to the Iberdrola Funding Commitment Letter (the Side Letter Agreement). The Side Letter Agreement provides that any drawing in the form of indebtedness made by the Corporation pursuant to the Funding Commitment Letter shall bear interest at an interest rate equal to 3-month LIBOR plus 0.75% per annum calculated on the basis of a 360-day year for the actual number of days elapsed and, commencing on the date of the Funding Commitment Letter, we shall pay Iberdrola a facility fee equal to 0.12% per annum on the undrawn portion of the funding commitment set forth in the Funding Commitment Letter.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 18, 2021, we issued 77,821,012 shares of common stock in two private placements. Iberdrola purchased 63,424,125 shares and Hyde Member LLC, a Delaware limited liability company and a wholly owned subsidiary of Qatar Investment Authority, purchased 14,396,887 shares of our common stock, par value $0.01 per share, at the purchase price of $51.40 per share, which was the closing price of the shares of our common stock on the NYSE as of May 11, 2021. Proceeds of the private placements were $4,000 million. $3,000 million of the proceeds were used to repay the Iberdrola Loan. After the effect of the private placements, Iberdrola retained its 81.6% ownership interest in AVANGRID.</span></div> | |
CY2021Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
77821012 | shares |
CY2021Q2 | agr |
Sale Of Stock Number Of Placements
SaleOfStockNumberOfPlacements
|
2 | placement |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
51.40 | |
CY2021Q2 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
4000000000 | usd |
CY2021Q2 | agr |
Sale Of Stock Consideration Received On Transaction Used To Repay Debt
SaleOfStockConsiderationReceivedOnTransactionUsedToRepayDebt
|
3000000000 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
8000000 | usd |
CY2023Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
Basis of Presentation<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying condensed consolidated financial statements should be read in conjunction with the Form 10-K for the fiscal year ended December 31, 2022.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited financial statements are prepared on a consolidated basis and include the accounts of AVANGRID and its consolidated subsidiaries, Networks and ARHI. All intercompany transactions and accounts have been eliminated in consolidation. The year-end balance sheet data was derived from audited financial statements. The unaudited condensed consolidated financial statements for the interim periods have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the interim condensed consolidated financial statements do not include all the information and note disclosures required by U.S. GAAP for complete financial statements.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments necessary to present fairly our condensed consolidated financial statements for the interim periods described herein. All such adjustments are of a normal and recurring nature, except as otherwise disclosed. The results for the three months ended March 31, 2023, are not necessarily indicative of the results for the entire fiscal year ending December 31, 2023.</span></div> | |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
9000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
9000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
16000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
33000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
17000000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2289000000 | usd |
CY2023Q1 | us-gaap |
Lease Income
LeaseIncome
|
2000000 | usd |
CY2023Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
122000000 | usd |
CY2023Q1 | agr |
Alternative Revenue Programs
AlternativeRevenuePrograms
|
37000000 | usd |
CY2023Q1 | us-gaap |
Results Of Operations Revenue Other
ResultsOfOperationsRevenueOther
|
16000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
2466000000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2169000000 | usd |
CY2022Q1 | us-gaap |
Lease Income
LeaseIncome
|
3000000 | usd |
CY2022Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-63000000 | usd |
CY2022Q1 | agr |
Alternative Revenue Programs
AlternativeRevenuePrograms
|
12000000 | usd |
CY2022Q1 | us-gaap |
Results Of Operations Revenue Other
ResultsOfOperationsRevenueOther
|
12000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
2133000000 | usd |
CY2023Q1 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
1603000000 | usd |
CY2022Q4 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
1622000000 | usd |
CY2023Q1 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
410000000 | usd |
CY2022Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
541000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
139000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
35000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
15000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
10000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
6000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
62000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
267000000 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
109000000 | usd |
CY2023Q1 | us-gaap |
Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
|
1012000000 | usd |
CY2022Q2 | agr |
Public Utilities Period From Letter Issuance To File Distribution Rate Case
PublicUtilitiesPeriodFromLetterIssuanceToFileDistributionRateCase
|
P60D | |
CY2021Q2 | agr |
Energy Legislation Settlement Agreement Contribution Amount
EnergyLegislationSettlementAgreementContributionAmount
|
5000000 | usd |
CY2021Q2 | agr |
Energy Legislation Settlement Agreement Customers Rate Credits Provided
EnergyLegislationSettlementAgreementCustomersRateCreditsProvided
|
50000000 | usd |
CY2021Q2 | agr |
Energy Legislation Settlement Agreement Customers Rate Credits Collected In Rate Adjustment Mechanism
EnergyLegislationSettlementAgreementCustomersRateCreditsCollectedInRateAdjustmentMechanism
|
52000000 | usd |
CY2021Q2 | agr |
Energy Legislation Settlement Agreement Customers Rate Credits Provided Period
EnergyLegislationSettlementAgreementCustomersRateCreditsProvidedPeriod
|
P22M | |
CY2021Q2 | agr |
Energy Legislation Customer Compensation And Reimbursement Provisions Power Outage Hours Benchmark
EnergyLegislationCustomerCompensationAndReimbursementProvisionsPowerOutageHoursBenchmark
|
96 | hour |
CY2021Q2 | agr |
Energy Legislation Customer Compensation And Reimbursement Provisions Customer Payment Per Day
EnergyLegislationCustomerCompensationAndReimbursementProvisionsCustomerPaymentPerDay
|
25 | usd |
CY2021Q2 | agr |
Energy Legislation Customer Compensation And Reimbursement Provisions Power Outage Hours Benchmark
EnergyLegislationCustomerCompensationAndReimbursementProvisionsPowerOutageHoursBenchmark
|
96 | hour |
CY2021Q2 | agr |
Energy Legislation Customer Compensation And Reimbursement Provisions Food And Medicine Reimbursement
EnergyLegislationCustomerCompensationAndReimbursementProvisionsFoodAndMedicineReimbursement
|
250 | usd |
CY2021Q2 | agr |
Public Utilities Notice Of Violation Civil Penalty Amount
PublicUtilitiesNoticeOfViolationCivilPenaltyAmount
|
2000000 | usd |
CY2021Q3 | agr |
Public Utilities Notice Of Violation Civil Penalty Amount
PublicUtilitiesNoticeOfViolationCivilPenaltyAmount
|
1000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
2962000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
2768000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
489000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
447000000 | usd |
CY2023Q1 | agr |
Regulatory Assets Noncurrent Including Deferred Income Taxes Regulatory
RegulatoryAssetsNoncurrentIncludingDeferredIncomeTaxesRegulatory
|
2473000000 | usd |
CY2022Q4 | agr |
Regulatory Assets Noncurrent Including Deferred Income Taxes Regulatory
RegulatoryAssetsNoncurrentIncludingDeferredIncomeTaxesRegulatory
|
2321000000 | usd |
CY2023Q1 | agr |
Unfunded Future Income Tax Expense Collection Period
UnfundedFutureIncomeTaxExpenseCollectionPeriod
|
P46Y | |
CY2023Q1 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
3236000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
3269000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
352000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
354000000 | usd |
CY2023Q1 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
2884000000 | usd |
CY2022Q4 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
2915000000 | usd |
CY2023Q1 | agr |
Derivative Delivery Period
DerivativeDeliveryPeriod
|
P2Y | |
CY2023Q1 | agr |
Derivative Delivery Period
DerivativeDeliveryPeriod
|
P2Y | |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
42000000 | usd |
CY2023Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
|
159000000 | usd |
CY2023Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
169000000 | usd |
CY2023Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
|
317000000 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
233000000 | usd |
CY2022Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
48000000 | usd |
CY2022Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInOtherComprehensiveIncomeLoss
|
63000000 | usd |
CY2022Q1 | agr |
Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
|
Total gains (losses) recognized in OCI | |
CY2022Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
|
222000000 | usd |
CY2022Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
200000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
|
394000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
297000000 | usd |
CY2022Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
16000000 | usd |
CY2021Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-69000000 | usd |
CY2023Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInEarnings
|
0 | usd |
CY2022Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInEarnings
|
38000000 | usd |
CY2023Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInEarnings
|
3000000 | usd |
CY2022Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInEarnings
|
40000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-2000000 | usd |
CY2023Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInOtherComprehensiveIncomeLoss
|
11000000 | usd |
CY2022Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainIncludedInOtherComprehensiveIncomeLoss
|
2000000 | usd |
CY2023Q1 | agr |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationLossIncludedInOtherComprehensiveIncomeLoss
|
3000000 | usd |
CY2023Q1 | agr |
Fair Value Recurring Basis Unobservable Input Reconciliation Net Derivative Asset Liability Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationNetDerivativeAssetLiabilityGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
|
Total gains (losses) recognized in OCI | |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
|
8000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
|
-61000000 | usd |
CY2023Q1 | agr |
Changes In Fair Value Derivatives Recognized In Regulatory Assets And Liabilities Net
ChangesInFairValueDerivativesRecognizedInRegulatoryAssetsAndLiabilitiesNet
|
4000000 | usd |
CY2022Q1 | agr |
Changes In Fair Value Derivatives Recognized In Regulatory Assets And Liabilities Net
ChangesInFairValueDerivativesRecognizedInRegulatoryAssetsAndLiabilitiesNet
|
4000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
|
-9000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
|
1000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
20000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-5000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
14000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-124000000 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-2000000 | usd |
CY2023Q1 | agr |
Derivative Delivery Period
DerivativeDeliveryPeriod
|
P2Y | |
CY2023Q1 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
8168000000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
7991000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
95000000 | usd |
CY2023Q1 | us-gaap |
Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
|
977000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
71000000 | usd |
CY2022Q1 | us-gaap |
Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
|
741000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
95000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
71000000 | usd |
CY2023Q1 | us-gaap |
Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
|
40000000 | usd |
CY2023Q1 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
96000000 | usd |
CY2022Q4 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
97000000 | usd |
CY2023Q1 | us-gaap |
Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
|
50000000 | usd |
CY2011Q3 | agr |
Refund Period Term
RefundPeriodTerm
|
P15M | |
CY2019Q4 | us-gaap |
Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
|
2 | complaint |
CY2019Q4 | us-gaap |
Public Utilities Approved Return On Equity Percentage
PublicUtilitiesApprovedReturnOnEquityPercentage
|
0.0988 | |
CY2020Q2 | agr |
Public Utilities Requested Existing Base Return On Equity Percentage
PublicUtilitiesRequestedExistingBaseReturnOnEquityPercentage
|
0.0988 | |
CY2020Q2 | agr |
Public Utilities Requested Existing Base Return On Equity Percentage
PublicUtilitiesRequestedExistingBaseReturnOnEquityPercentage
|
0.1002 | |
CY2023Q1 | agr |
Estimated Reduction In Earnings Per Year Provided Effective Of Supplemental Notice Of Proposed Rulemaking
EstimatedReductionInEarningsPerYearProvidedEffectiveOfSupplementalNoticeOfProposedRulemaking
|
3000000 | usd |
CY2001 | us-gaap |
Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
|
2 | plaintiff |
CY2023Q1 | agr |
Standby Letters Of Credit Surety Bonds Guarantees And Indemnifications Outstanding
StandbyLettersOfCreditSuretyBondsGuaranteesAndIndemnificationsOutstanding
|
693000000 | usd |
CY2021Q1 | agr |
Future Payments Committed
FuturePaymentsCommitted
|
90000000 | usd |
CY2021 | agr |
Necec Commitment Payment During Period
NECECCommitmentPaymentDuringPeriod
|
9000000 | usd |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
|
24 | site |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
|
24 | site |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
|
24 | site |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites With Liability Recorded
NumberOfInactiveHazardousWasteDisposalSitesWithLiabilityRecorded
|
7 | site |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites
NumberOfInactiveHazardousWasteDisposalSites
|
24 | site |
CY2023Q1 | agr |
Number Of Inactive Hazardous Waste Disposal Sites Not Expected To Incur Additional Liabilities
NumberOfInactiveHazardousWasteDisposalSitesNotExpectedToIncurAdditionalLiabilities
|
17 | site |
CY2023Q1 | agr |
Number Of Additional Inactive Hazardous Waste Disposal Sites With Liability Recorded
NumberOfAdditionalInactiveHazardousWasteDisposalSitesWithLiabilityRecorded
|
12 | site |
CY2023Q1 | agr |
Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
|
53 | site |
CY2023Q1 | agr |
Number Of Manufacturing Sites Consent Orders To Investigate And Remediate
NumberOfManufacturingSitesConsentOrdersToInvestigateAndRemediate
|
41 | site |
CY2023Q1 | agr |
Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
|
53 | site |
CY2023Q1 | agr |
Number Of Sites Where Gas Was Manufactured In The Past
NumberOfSitesWhereGasWasManufacturedInThePast
|
53 | site |
CY2023Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
282000000 | usd |
CY2022Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
289000000 | usd |
us-gaap |
Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
35000000 | usd | |
CY2023Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
0 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
|
0 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
108188 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
108188 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | agr |
Common Stock Shares Held In Trust Released During Period
CommonStockSharesHeldInTrustReleasedDuringPeriod
|
0 | shares |
CY2022Q1 | agr |
Common Stock Shares Held In Trust Released During Period
CommonStockSharesHeldInTrustReleasedDuringPeriod
|
0 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
997983 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
47000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
3000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
0 | usd |
CY2023Q1 | us-gaap |
Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
|
0 | usd |
CY2022Q1 | us-gaap |
Oci Equity Method Investment Tax
OciEquityMethodInvestmentTax
|
5000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
-15000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
|
-18000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
|
-4000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
49000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
245000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
245000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
445000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
445000000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
386744996 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
386698132 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
387077213 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
387114285 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.15 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.63 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.15 | |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
2466000000 | usd |
CY2023Q1 | us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
280000000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
265000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
95000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-18000000 | usd |
CY2023Q1 | agr |
Adjusted Net Income
AdjustedNetIncome
|
248000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
836000000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
31249000000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
440000000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
41458000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
2133000000 | usd |
CY2022Q1 | us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
261000000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
302000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
253000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
71000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
68000000 | usd |
CY2022Q1 | agr |
Adjusted Net Income
AdjustedNetIncome
|
450000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
811000000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
30994000000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
437000000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
41123000000 | usd |
CY2023Q1 | agr |
Adjusted Net Income
AdjustedNetIncome
|
248000000 | usd |
CY2022Q1 | agr |
Adjusted Net Income
AdjustedNetIncome
|
450000000 | usd |
CY2023Q1 | agr |
Change In Fair Value Of Derivative Instruments Due To Mark To Market Adjustment Renewables
ChangeInFairValueOfDerivativeInstrumentsDueToMarkToMarketAdjustmentRenewables
|
4000000 | usd |
CY2022Q1 | agr |
Change In Fair Value Of Derivative Instruments Due To Mark To Market Adjustment Renewables
ChangeInFairValueOfDerivativeInstrumentsDueToMarkToMarketAdjustmentRenewables
|
3000000 | usd |
CY2023Q1 | agr |
Costs Incurred Impact Of Covid19
CostsIncurredImpactOfCovid19
|
0 | usd |
CY2022Q1 | agr |
Costs Incurred Impact Of Covid19
CostsIncurredImpactOfCovid19
|
2000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
|
1000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
|
2000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
445000000 | usd |
CY2023Q1 | agr |
Prepaid Other Taxes
PrepaidOtherTaxes
|
194000000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
148000000 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
153000000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1817000000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1892000000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
148000000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
155000000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1669000000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1737000000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
155000000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
151000000 | usd |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
17000000 | usd |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
20000000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
24000000 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
18000000 | usd |
CY2022Q4 | agr |
Prepaid Other Taxes
PrepaidOtherTaxes
|
136000000 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
11789000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
11542000000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
335000000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
331000000 | usd |
CY2023Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
239000000 | usd |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
122000000 | usd |
CY2023Q1 | us-gaap |
Commercial Paper
CommercialPaper
|
1090000000 | usd |
CY2022Q4 | us-gaap |
Commercial Paper
CommercialPaper
|
397000000 | usd |
CY2023Q1 | agr |
Advances Received
AdvancesReceived
|
268000000 | usd |
CY2022Q4 | agr |
Advances Received
AdvancesReceived
|
271000000 | usd |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.091 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.137 | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4000000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5000000 | usd |