2020 Form 10-K Financial Statement

#000104786221000049 Filed on February 18, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $12.25B $2.951B $12.57B
YoY Change -2.61% 0.07% 1.92%
Cost Of Revenue $2.127B $552.0M $2.426B
YoY Change -12.32% -16.62% -9.65%
Gross Profit $10.12B $2.399B $10.15B
YoY Change -0.29% 4.9% 5.14%
Gross Profit Margin 82.63% 81.29% 80.71%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $24.00M $24.00M
YoY Change 0.0% 0.0%
% of Gross Profit 0.24% 0.24%
Depreciation & Amortization $1.920B $431.0M $1.684B
YoY Change 14.01% 14.32% 17.11%
% of Gross Profit 18.97% 17.97% 16.59%
Operating Expenses $9.592B $1.834B $9.898B
YoY Change -3.09% 4.15% 0.96%
Operating Profit $2.654B $565.0M $2.676B
YoY Change -0.82% 7.41% 0.45%
Interest Expense $1.019B -$199.0M $991.0M
YoY Change 2.83% 11.8% 21.0%
% of Operating Profit 38.39% -35.22% 37.03%
Other Income/Expense, Net -$401.0M $0.00 $51.00M
YoY Change -886.27% -100.0% -182.26%
Pretax Income $1.234B $366.0M $1.736B
YoY Change -28.92% -8.96% -2.64%
Income Tax $90.00M $53.00M $296.0M
% Of Pretax Income 7.29% 14.48% 17.05%
Net Earnings $1.101B $295.0M $1.343B
YoY Change -18.02% -10.88% -2.82%
Net Earnings / Revenue 8.99% 10.0% 10.68%
Basic Earnings Per Share $3.29 $4.09
Diluted Earnings Per Share $3.28 $885.6K $4.08
COMMON SHARES
Basic Shares Outstanding 334.8M shares 332.4M shares 328.5M shares
Diluted Shares Outstanding 335.7M shares 329.5M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.272B $981.0M $981.0M
YoY Change 29.66% 9.61% 9.61%
Cash & Equivalents $1.272B $981.0M $981.0M
Short-Term Investments
Other Short-Term Assets $1.531B $200.0M $1.423B
YoY Change 7.59% 63.93% 40.89%
Inventory $356.0M $352.0M $352.0M
Prepaid Expenses $260.0M
Receivables $1.701B $1.236B $1.236B
Other Receivables $441.0M $280.0M $280.0M
Total Short-Term Assets $5.301B $4.272B $4.272B
YoY Change 24.09% 10.56% 10.56%
LONG-TERM ASSETS
Property, Plant & Equipment $47.39B $43.89B $44.75B
YoY Change 5.91% 5.13% 7.18%
Goodwill $446.0M
YoY Change 1.36%
Intangibles $1.557B
YoY Change -5.86%
Long-Term Investments $1.259B $2.065B $1.587B
YoY Change -20.67% 16.26%
Other Assets $7.037B $7.853B $5.471B
YoY Change 28.62% 20.06% 12.85%
Total Long-Term Assets $57.59B $53.81B $53.81B
YoY Change 7.04% 7.49% 7.49%
TOTAL ASSETS
Total Short-Term Assets $5.301B $4.272B $4.272B
Total Long-Term Assets $57.59B $53.81B $53.81B
Total Assets $62.90B $58.08B $58.08B
YoY Change 8.29% 7.71% 7.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.475B $1.164B $1.164B
YoY Change 26.72% -1.94% -1.94%
Accrued Expenses $353.0M $320.0M $320.0M
YoY Change 10.31% 34.45% 34.45%
Deferred Revenue
YoY Change
Short-Term Debt $1.870B $0.00 $1.692B
YoY Change 10.52% -100.0% -34.06%
Long-Term Debt Due $1.968B $1.446B $1.446B
YoY Change 36.1% 122.46% 122.46%
Total Short-Term Liabilities $7.354B $6.287B $6.287B
YoY Change 16.97% 1.29% 1.29%
LONG-TERM LIABILITIES
Long-Term Debt $20.38B $18.53B $18.53B
YoY Change 10.02% 5.9% 5.9%
Other Long-Term Liabilities $9.617B $8.824B $8.824B
YoY Change 8.99% 16.74% 16.74%
Total Long-Term Liabilities $30.00B $15.05B $27.35B
YoY Change 9.68% 12.5% 9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.354B $6.287B $6.287B
Total Long-Term Liabilities $30.00B $15.05B $27.35B
Total Liabilities $44.05B $21.34B $40.06B
YoY Change 9.96% 8.95% 7.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.85B $18.02B $18.02B
YoY Change
Total Liabilities & Shareholders Equity $62.90B $58.08B $58.08B
YoY Change 8.29% 7.71% 7.71%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $1.101B $295.0M $1.343B
YoY Change -18.02% -10.88% -2.82%
Depreciation, Depletion And Amortization $1.920B $431.0M $1.684B
YoY Change 14.01% 14.32% 17.11%
Cash From Operating Activities $2.198B $1.174B $3.134B
YoY Change -29.87% 7.21% 16.29%
INVESTING ACTIVITIES
Capital Expenditures $4.085B -$971.0M $3.676B
YoY Change 11.13% -0.51% -29.97%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities -$22.00M $73.00M -$22.00M
YoY Change 0.0% -104.72% -35.29%
Cash From Investing Activities -$4.224B -$898.0M -$3.782B
YoY Change 11.69% -64.42% -30.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $640.0M $825.0M
YoY Change -22.42% 17.02%
Debt Paid & Issued, Net $518.0M $1.195B
YoY Change -56.65% -38.34%
Cash From Financing Activities $2.245B 688.0M $859.0M
YoY Change 161.35% -68.58% -70.76%
NET CHANGE
Cash From Operating Activities $2.198B 1.174B $3.134B
Cash From Investing Activities -$4.224B -898.0M -$3.782B
Cash From Financing Activities $2.245B 688.0M $859.0M
Net Change In Cash $219.0M 964.0M $211.0M
YoY Change 3.79% 26.68% 30.25%
FREE CASH FLOW
Cash From Operating Activities $2.198B $1.174B $3.134B
Capital Expenditures $4.085B -$971.0M $3.676B
Free Cash Flow -$1.887B $2.145B -$542.0M
YoY Change 248.15% 3.57% -78.78%

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CY2020 us-gaap Minority Interest Period Increase Decrease
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-16000000 USD
CY2018 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
106000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16839000000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
1440000000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.96
CY2019 us-gaap Dividends Common Stock
DividendsCommonStock
971000000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
825000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
102000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000000 USD
CY2019 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-19000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18213000000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
1144000000 USD
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.06
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
1023000000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
640000000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
113000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19065000000 USD
CY2020Q4 ed Common Stock Equity Shares
CommonStockEquityShares
342000000 shares
CY2019Q4 ed Common Stock Equity Shares
CommonStockEquityShares
333000000 shares
CY2020Q4 ed Common Stock Equity Before Accumulated Comprehensive Income Loss
CommonStockEquityBeforeAccumulatedComprehensiveIncomeLoss
18872000000 USD
CY2019Q4 ed Common Stock Equity Before Accumulated Comprehensive Income Loss
CommonStockEquityBeforeAccumulatedComprehensiveIncomeLoss
18041000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
23000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
17000000 USD
CY2020Q4 ed Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax And Reclassification Adjustment
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTaxAndReclassificationAdjustment
-2000000 USD
CY2019Q4 ed Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax And Reclassification Adjustment
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTaxAndReclassificationAdjustment
-2000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-25000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
18847000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
18022000000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
218000000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
191000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19065000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18213000000 USD
CY2020Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
971000000 USD
CY2019Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
974000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
168000000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
141000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
47000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
37000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
22349000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
19973000000 USD
CY2020Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
1967000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1446000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20382000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
18527000000 USD
CY2020Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
39229000000 USD
CY2019Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
36549000000 USD
CY2020 ed Numberof Registrants
NumberofRegistrants
2 registrant
CY2020 ed Numberof Regulated Subsidiaries
NumberofRegulatedSubsidiaries
2 subsidiary
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
78000000 USD
CY2020 us-gaap Excise Taxes Collected
ExciseTaxesCollected
335000000 USD
CY2019 us-gaap Excise Taxes Collected
ExciseTaxesCollected
323000000 USD
CY2018 us-gaap Excise Taxes Collected
ExciseTaxesCollected
330000000 USD
CY2020Q4 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
92000000 USD
CY2019Q4 us-gaap Plant Held For Future Use Amount
PlantHeldForFutureUseAmount
75000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
2474000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
1937000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
42024000000 USD
CY2019Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
39751000000 USD
CY2020Q4 ed Public Utilities Depreciation Allowance Current Rate Plans
PublicUtilitiesDepreciationAllowanceCurrentRatePlans
1694000000 USD
CY2020Q4 ed Other Deferred Charges And Noncurrent Assets
OtherDeferredChargesAndNoncurrentAssets
54000000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
12000000 USD
CY2020 ed Depreciation Expense Other Deferred Charges And Noncurrent Assets And Prepayments
DepreciationExpenseOtherDeferredChargesAndNoncurrentAssetsAndPrepayments
7000000 USD
CY2020Q4 ed Accumulated Depreciation Other Deferred Charges And Noncurrent Assets And Prepayments
AccumulatedDepreciationOtherDeferredChargesAndNoncurrentAssetsAndPrepayments
10000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
102000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
99000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
102000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
102000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
102000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
102000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
102000000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q4 ed Supplemental Retirement Income Plan Assets
SupplementalRetirementIncomePlanAssets
465000000 USD
CY2019Q4 ed Supplemental Retirement Income Plan Assets
SupplementalRetirementIncomePlanAssets
397000000 USD
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
92000000 USD
CY2019Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
81000000 USD
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3000000 USD
CY2019Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2000000 USD
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
1816000000 USD
CY2019Q4 us-gaap Long Term Investments
LongTermInvestments
2065000000 USD
CY2020 ed Pension Investment Gains And Losses Recognized Time Period
PensionInvestmentGainsAndLossesRecognizedTimePeriod
P15Y
CY2020 ed Pension Actuarial Gains And Losses Recognized Time Period
PensionActuarialGainsAndLossesRecognizedTimePeriod
P10Y
CY2020 ed Difference Between Fair Value And Expected Market Related Value Of Plan Assets
DifferenceBetweenFairValueAndExpectedMarketRelatedValueOfPlanAssets
0.20
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24000000 USD
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24000000 USD
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#424242;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification </span></div><div><span style="color:#424242;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Certain prior year amounts have been reclassified within Note L to conform with current year presentation.</span></div>
CY2020 us-gaap Net Income Loss
NetIncomeLoss
1101000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
1343000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
1382000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
334800000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
328500000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311700000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
900000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1000000.0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1200000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
335700000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
329500000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
312900000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.29
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.09
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.43
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.28
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.08
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.42
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#424242;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Estimates</span></div><div><span style="color:#424242;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1272000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
981000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
164000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
236000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1436000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1217000000 USD
CY2020Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
266000000 USD
CY2020Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
6195000000 USD
CY2019Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
4859000000 USD
CY2019Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
128000000 USD
CY2020Q4 us-gaap Regulatory Assets
RegulatoryAssets
6461000000 USD
CY2019Q4 us-gaap Regulatory Assets
RegulatoryAssets
4987000000 USD
CY2020Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
4513000000 USD
CY2019Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
4827000000 USD
CY2020Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
36000000 USD
CY2019Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
102000000 USD
CY2020Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
4549000000 USD
CY2019Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
4929000000 USD
CY2020 ed Return On Regulatory Assets
ReturnOnRegulatoryAssets
1696000000 USD
CY2019 ed Return On Regulatory Assets
ReturnOnRegulatoryAssets
1188000000 USD
CY2020 ed Other Customer Provided Capital Rate
OtherCustomerProvidedCapitalRate
0.0265
CY2019 ed Other Customer Provided Capital Rate
OtherCustomerProvidedCapitalRate
0.042
CY2020Q4 ed Regulatory Assets Not Earning Return
RegulatoryAssetsNotEarningReturn
4766000000 USD
CY2019Q4 ed Regulatory Assets Not Earning Return
RegulatoryAssetsNotEarningReturn
3799000000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
342297534 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
332629597 shares
CY2020Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
23210700 shares
CY2019Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
23210700 shares
CY2020 ed Percentage Limitation For Income Available For Dividends
PercentageLimitationForIncomeAvailableForDividends
1
CY2020 ed Rolling Average Calculation Of Income Available For Dividends
RollingAverageCalculationOfIncomeAvailableForDividends
P2Y
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1967000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
966000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
385000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
437000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
315000000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
215000000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
178000000 USD
CY2020Q4 us-gaap Commercial Paper
CommercialPaper
1705000000 USD
CY2020 ed Weighted Average Interest Rate Of Commercial Paper
WeightedAverageInterestRateOfCommercialPaper
0.003
CY2019Q4 us-gaap Commercial Paper
CommercialPaper
1692000000 USD
CY2019 ed Weighted Average Interest Rate Of Commercial Paper
WeightedAverageInterestRateOfCommercialPaper
0.020
CY2019Q4 us-gaap Loans Payable Current
LoansPayableCurrent
0 USD
CY2020Q4 us-gaap Loans Payable Current
LoansPayableCurrent
0 USD
CY2020Q4 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
0.53
CY2020Q4 ed Percentage Of Liens Of Companies Consolidated Asset
PercentageOfLiensOfCompaniesConsolidatedAsset
0.05
CY2020Q4 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
150000000 USD
CY2020Q4 ed Debt Instrument Covenant Compliance Maximum Aggregate Limit Of Failure To Pay Debt Or Derivative Obligations
DebtInstrumentCovenantComplianceMaximumAggregateLimitOfFailureToPayDebtOrDerivativeObligations
150000000 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
759000000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
185000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
465000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
397000000 USD
CY2020 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
33000000 USD
CY2019 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
19000000 USD
CY2020Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
2042000000 USD
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1831000000 USD
CY2020Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
2042000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
141000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
106000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
68000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
53000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
54000000 USD
CY2020Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
487000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
85000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
83000000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
79000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
75000000 USD
CY2020Q4 us-gaap Direct Financing Lease Residual Value Of Leased Asset
DirectFinancingLeaseResidualValueOfLeasedAsset
3000000 USD
CY2020Q4 ed Direct Financing Lease Accumulated Amortization
DirectFinancingLeaseAccumulatedAmortization
3000000 USD
CY2019Q4 us-gaap Direct Financing Lease Residual Value Of Leased Asset
DirectFinancingLeaseResidualValueOfLeasedAsset
1000000 USD
CY2019Q4 ed Direct Financing Lease Accumulated Amortization
DirectFinancingLeaseAccumulatedAmortization
5000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
39000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y1M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y9M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P12Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.018
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
79000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
77000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
1000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
74000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
75000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
75000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
938000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
1000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1318000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
458000000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
860000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
96000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
764000000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
860000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-12000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-10000000 USD
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CY2020Q4 ed Maximum Potential Future Exposure On Credit Risk Derivatives With Commodity Exchange Brokers
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CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
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CY2020 ed Fair Value Net Derivative Asset Liability Measuredon Recurring Basis Unobservable Inputs Reconciliation Gain Loss Includedin Regulatory Assetsand Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredonRecurringBasisUnobservableInputsReconciliationGainLossIncludedinRegulatoryAssetsandLiabilities
-7000000 USD
CY2019 ed Fair Value Net Derivative Asset Liability Measuredon Recurring Basis Unobservable Inputs Reconciliation Gain Loss Includedin Regulatory Assetsand Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredonRecurringBasisUnobservableInputsReconciliationGainLossIncludedinRegulatoryAssetsandLiabilities
18000000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-15000000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-8000000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
-1000000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
-24000000 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-19000000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-16000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
576000000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
425000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
191000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
16000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
56000000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-1000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14000000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
38000000 USD
CY2020 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
-49000000 USD
CY2019 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
-44000000 USD
CY2018 us-gaap Revenues
Revenues
12337000000 USD
CY2017 us-gaap Revenues
Revenues
12033000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
1382000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
1525000000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
12655000000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
12331000000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1279000000 USD
CY2017 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1612000000 USD
CY2018 ed Business Acquisition Pro Forma Interest Expense
BusinessAcquisitionProFormaInterestExpense
37000000 USD
CY2017 ed Business Acquisition Pro Forma Interest Expense
BusinessAcquisitionProFormaInterestExpense
38000000 USD
CY2018Q4 ed Business Combination Gain Loss Recognized From Sale Of Interest In Projects Before Tax
BusinessCombinationGainLossRecognizedFromSaleOfInterestInProjectsBeforeTax
131000000 USD
CY2017 ed Business Combination Gain Loss Recognized From Sale Of Interest In Projects Before Tax
BusinessCombinationGainLossRecognizedFromSaleOfInterestInProjectsBeforeTax
131000000 USD

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