2013 Q4 Form 10-K Financial Statement

#000103129614000010 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $3.633B $3.493B $4.052B
YoY Change 4.01% -9.51% -14.13%
Cost Of Revenue $1.031B $879.0M $1.063B
YoY Change 17.29% -21.52% -21.2%
Gross Profit $2.602B $2.614B $2.989B
YoY Change -0.46% -2.17% -11.31%
Gross Profit Margin 71.62% 74.84% 73.77%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $293.0M $285.0M $333.0M
YoY Change 2.81% 0.71% 17.25%
% of Gross Profit 11.26% 10.9% 11.14%
Operating Expenses $2.167B $1.951B $2.089B
YoY Change 11.07% -1.56% -9.68%
Operating Profit $387.0M -$39.00M $902.0M
YoY Change -1092.31% -83.04% -14.66%
Interest Expense -$161.0M -$312.0M $230.0M
YoY Change -48.4% 44.44% -213.86%
% of Operating Profit -41.6% 25.5%
Other Income/Expense, Net -$173.0M
YoY Change -14.36%
Pretax Income $208.0M -$258.0M $729.0M
YoY Change -180.62% -309.76% -14.74%
Income Tax $66.00M -$105.0M $307.0M
% Of Pretax Income 31.73% 42.11%
Net Earnings $142.0M -$148.0M $425.0M
YoY Change -195.95% -251.02% -20.11%
Net Earnings / Revenue 3.91% -4.24% 10.49%
Basic Earnings Per Share $0.34 -$0.35 $1.02
Diluted Earnings Per Share $0.34 -$0.35 $1.01
COMMON SHARES
Basic Shares Outstanding 418.2M shares 418.2M shares 417.0M shares
Diluted Shares Outstanding 419.0M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $218.0M $172.0M $150.0M
YoY Change 26.74% -14.85% -29.58%
Cash & Equivalents $218.0M $172.0M $150.0M
Short-Term Investments
Other Short-Term Assets $212.0M $208.0M $190.0M
YoY Change 1.92% 70.49% 0.53%
Inventory $752.0M $861.0M $875.0M
Prepaid Expenses
Receivables $1.720B $1.614B $1.604B
Other Receivables $198.0M $315.0M $227.0M
Total Short-Term Assets $4.013B $3.768B $3.709B
YoY Change 6.5% 12.31% 3.29%
LONG-TERM ASSETS
Property, Plant & Equipment $33.25B $33.04B $31.44B
YoY Change 0.65% 8.9% 7.43%
Goodwill $6.418B $6.447B $6.444B
YoY Change -0.45% 0.09% 0.25%
Intangibles
YoY Change
Long-Term Investments $903.0M $990.0M $1.248B
YoY Change -8.79% -29.79% 16.42%
Other Assets $1.548B $1.719B $1.580B
YoY Change -9.95% 4.75% 110.39%
Total Long-Term Assets $9.820B $10.50B $10.14B
YoY Change -6.44% 3.8% -1.29%
TOTAL ASSETS
Total Short-Term Assets $4.013B $3.768B $3.709B
Total Long-Term Assets $9.820B $10.50B $10.14B
Total Assets $50.42B $50.49B $48.74B
YoY Change -0.14% 6.5% 0.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.250B $1.599B $925.0M
YoY Change -21.83% 36.2% -8.33%
Accrued Expenses $351.0M $331.0M $313.0M
YoY Change 6.04% -13.8% -10.57%
Deferred Revenue
YoY Change
Short-Term Debt $3.404B $1.969B $1.604B
YoY Change 72.88%
Long-Term Debt Due $1.415B $1.999B $1.473B
YoY Change -29.21% 23.32% -19.95%
Total Short-Term Liabilities $7.637B $7.605B $5.920B
YoY Change 0.42% 56.64% 21.74%
LONG-TERM LIABILITIES
Long-Term Debt $15.83B $15.18B $15.63B
YoY Change 4.3% -3.42% -1.24%
Other Long-Term Liabilities $1.778B $1.924B $1.904B
YoY Change -7.59% -7.14% -10.48%
Total Long-Term Liabilities $14.26B $14.62B $13.74B
YoY Change -2.44% 8.63% 9.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.637B $7.605B $5.920B
Total Long-Term Liabilities $14.26B $14.62B $13.74B
Total Liabilities $21.90B $22.22B $19.66B
YoY Change -1.46% 21.36% 12.86%
SHAREHOLDERS EQUITY
Retained Earnings $2.590B $2.888B $3.266B
YoY Change -10.32% -5.22% -29.88%
Common Stock $9.776B $9.769B $9.758B
YoY Change 0.07% 0.04% -0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.69B $13.08B $13.43B
YoY Change
Total Liabilities & Shareholders Equity $50.42B $50.49B $48.74B
YoY Change -0.14% 6.69% 4.45%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $142.0M -$148.0M $425.0M
YoY Change -195.95% -251.02% -20.11%
Depreciation, Depletion And Amortization $293.0M $285.0M $333.0M
YoY Change 2.81% 0.71% 17.25%
Cash From Operating Activities $991.0M $1.044B $1.214B
YoY Change -5.08% 25.18% 1.34%
INVESTING ACTIVITIES
Capital Expenditures -$769.0M -$1.071B -$892.0M
YoY Change -28.2% 42.99% 74.56%
Acquisitions
YoY Change
Other Investing Activities -$49.00M -$96.00M -$97.00M
YoY Change -48.96% -127.59% -119.76%
Cash From Investing Activities -$818.0M -$1.167B -$989.0M
YoY Change -29.91% 191.02% 4845.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -177.0M 145.0M -169.0M
YoY Change -222.07% -127.78% -87.6%
NET CHANGE
Cash From Operating Activities 991.0M 1.044B 1.214B
Cash From Investing Activities -818.0M -1.167B -989.0M
Cash From Financing Activities -177.0M 145.0M -169.0M
Net Change In Cash -4.000M 22.00M 56.00M
YoY Change -118.18% -124.72% -130.27%
FREE CASH FLOW
Cash From Operating Activities $991.0M $1.044B $1.214B
Capital Expenditures -$769.0M -$1.071B -$892.0M
Free Cash Flow $1.760B $2.115B $2.106B
YoY Change -16.78% 33.61% 23.23%

Facts In Submission

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319000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
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366000000 USD
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6968000000 USD
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CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
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26000000 USD
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1000000 USD
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507000000 USD
CY2013 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
-256000000 USD
CY2012 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
609000000 USD
CY2012Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2013Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
609000000 USD
CY2013Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2012Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2013Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2012Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
0 USD
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
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1.00
CY2012 us-gaap Defined Benefit Plan Target Plan Asset Allocations
DefinedBenefitPlanTargetPlanAssetAllocations
1.00
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CY2012 us-gaap Depreciation
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1119000000 USD
CY2013 us-gaap Depreciation
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1202000000 USD
CY2012Q4 us-gaap Depreciation
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285000000 USD
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293000000 USD
CY2012Q2 us-gaap Depreciation
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284000000 USD
CY2013Q3 us-gaap Depreciation
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316000000 USD
CY2013Q2 us-gaap Depreciation
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300000000 USD
CY2013Q4 us-gaap Depreciation
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293000000 USD
CY2012Q3 us-gaap Depreciation
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272000000 USD
CY2012Q1 us-gaap Depreciation
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278000000 USD
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1391000000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1051000000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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1741000000 USD
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296000000 USD
CY2013Q4 us-gaap Derivative Assets
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239000000 USD
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166000000 USD
CY2012Q4 us-gaap Derivative Assets Current
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160000000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Cash
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5000000 USD
CY2013Q4 us-gaap Derivative Collateral Obligation To Return Cash
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9000000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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13000000 USD
CY2013Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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12000000 USD
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239000000 USD
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296000000 USD
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141000000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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120000000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
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598000000 USD
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347000000 USD
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435000000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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225000000 USD
CY2012Q4 us-gaap Derivative Liabilities
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598000000 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
347000000 USD
CY2013Q4 us-gaap Derivative Liabilities Current
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111000000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
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126000000 USD
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26000000 USD
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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24000000 USD
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21000000 USD
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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9000000 USD
CY2011 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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8000000 USD
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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8000000 USD
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill
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29000000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
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33000000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
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30000000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
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42000000 USD
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2.22
CY2012 us-gaap Earnings Per Share Basic
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1.85
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0.94
CY2011 us-gaap Earnings Per Share Diluted
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2.21
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
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EarningsPerShareDiluted
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EarningsPerShareBasic
0.94
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
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-0.39
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EarningsPerShareDiluted
0.52
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-0.39
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EarningsPerShareDiluted
0.73
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EarningsPerShareDiluted
0.34
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
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EarningsPerShareDiluted
0.45
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2013 us-gaap Electric Utility Revenue
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9479000000 USD
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9800000000 USD
CY2011 us-gaap Electric Utility Revenue
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10573000000 USD
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3746000000 USD
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3982000000 USD
CY2012Q3 us-gaap Electric Utility Revenue
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4052000000 USD
CY2013Q4 us-gaap Electric Utility Revenue
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3647000000 USD
CY2013Q2 us-gaap Electric Utility Revenue
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3511000000 USD
CY2013Q3 us-gaap Electric Utility Revenue
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4036000000 USD
CY2012Q4 us-gaap Electric Utility Revenue
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3493000000 USD
CY2013Q1 us-gaap Electric Utility Revenue
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3723000000 USD
CY2012 us-gaap Electric Worldwide Unregulated Revenue
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5473000000 USD
CY2011 us-gaap Electric Worldwide Unregulated Revenue
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5532000000 USD
CY2013 us-gaap Electric Worldwide Unregulated Revenue
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5438000000 USD
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29000000 USD
CY2011 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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21000000 USD
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20000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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11000000 USD
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10000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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23000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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22000000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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14000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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13000000 USD
CY2011 us-gaap Excise Taxes Collected
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511000000 USD
CY2012 us-gaap Excise Taxes Collected
ExciseTaxesCollected
484000000 USD
CY2013 us-gaap Excise Taxes Collected
ExciseTaxesCollected
458000000 USD
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429000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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185000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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80000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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51000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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69000000 USD
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75000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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75000000 USD
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1017000000 USD
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588000000 USD
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2317000000 USD
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2496000000 USD
CY2012 us-gaap Fuel Costs
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2471000000 USD
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56000000 USD
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71000000 USD
CY2011 us-gaap Gain Loss On Sale Of Investments
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59000000 USD
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21000000 USD
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545000000 USD
CY2012 us-gaap Gain Loss On Sale Of Other Assets
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17000000 USD
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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6447000000 USD
CY2011Q4 us-gaap Goodwill
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6441000000 USD
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0 USD
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CY2013Q4 us-gaap Guarantee Obligations Current Carrying Value
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4300000000 USD
CY2013Q4 us-gaap Guarantee Obligations Maximum Exposure
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923000000 USD
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33000000 USD
CY2012Q4 us-gaap Held To Maturity Securities Noncurrent
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54000000 USD
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16000000 USD
CY2011 us-gaap Impairment Of Investments
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19000000 USD
CY2013 us-gaap Impairment Of Investments
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90000000 USD
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754000000 USD
CY2013 us-gaap Income Loss From Continuing Operations
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375000000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
872000000 USD
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1300000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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570000000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1422000000 USD
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-230000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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306000000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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286000000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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522000000 USD
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307000000 USD
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208000000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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729000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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375000000 USD
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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856000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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755000000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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184000000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
209000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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192000000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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422000000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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142000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-168000000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-153000000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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302000000 USD
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.19
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.90
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.81
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.36
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.34
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.40
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.50
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.46
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.72
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.44
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.01
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.18
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.80
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.90
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.34
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.50
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-0.36
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.46
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.72
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.00
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.44
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.40
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
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16000000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
13000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
17000000 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4000000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3000000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4000000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4000000 USD
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5000000 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4000000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
9000000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications include, but are not limited to, the classification of discontinued operations associated with our sale of hydro assets discussed in additional detail in Note 20, Discontinued Operations and Assets Held for Sale. Additionally, amounts collected in rates above actual charges related to asset removal have been reclassified as a regulatory liability which resulted in an increase to total assets and noncurrent liabilities of approximately </font><font style="font-family:Arial;font-size:9pt;">$88 million</font><font style="font-family:Arial;font-size:9pt;">.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">FirstEnergy follows GAAP and complies with the related regulations, orders, policies and practices prescribed by the SEC, FERC, and, as applicable, the PUCO, the PPUC, the MDPSC, the NYPSC, the WVPSC, the VSCC and the NJBPU. The preparation of financial statements in conformity with GAAP requires management to make periodic estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities. Actual results could differ from these estimates. The reported results of operations are not indicative of results of operations for any future period. FE and its subsidiaries have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.</font></div></div>
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418000000 shares
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38.16
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-0.10
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170000000 shares
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204000000 USD
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CY2013 fe Commitment Proposed Regulation Waste Water Discharge Permit Renewal Cycle
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P5Y
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431000000 USD
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CY2013Q4 fe Deferred Tax Assets Liabilities Net Non Current Lease Market Valuation Liability
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DirectAllocationOfFtrsCost
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ExchangeRatioToCalculateNumberOfSharesToBeReceivedByAcquireeCompanyOnMerger
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ExpectedNumberOfNuclearPowerPlantLicensedToOperate
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GainLossOnPartialSaleOfJointVentureInterest
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GainLossOnPartialSaleOfJointVentureInterest
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ImpairmentOfInvestmentsHeld
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ImpairmentOfInvestmentsHeld
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ImpairmentOfInvestmentsHeld
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IncomeTaxReconciliationStateUnitaryTaxes
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InsuranceCoverageForReplacementPowerCosts
1060000000 USD
CY2013 fe Investment Income From Trusts
InvestmentIncomeFromTrusts
101000000 USD
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InvestmentIncomeFromTrusts
70000000 USD
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InvestmentIncomeFromTrusts
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InvestmentTaxCreditAmortization
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InvestmentTaxCreditAmortization
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InvestmentTaxCreditAmortization
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110000000 USD
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InvestmentsNotRequiredToBeDisclosed
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CY2013Q4 fe Investments Not Required To Be Disclosed
InvestmentsNotRequiredToBeDisclosed
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LineOfCreditFacilityPcrbRelatedAmountOutstanding
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MergerRelatedExpenses
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MinimumEquityToTotalCapitalizationRatioToBeMaintainedForPaymentOfCapitalDividend
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PaymentsofDebtRedemptionMakewholePremiums
187000000 USD
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PaymentsofDebtRedemptionMakewholePremiums
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PaymentsofDebtRedemptionTenderPremiums
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PaymentsofDebtRedemptionTenderPremiums
0 USD
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127000000 USD
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30948000000 USD
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NuclearIncidenceLiabilityPerIncidentOfParentAndSubsidiaryCompanysBasedOnTheirPresentNuclearOwnershipAndLeaseholdInterests
509000000 USD
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NuclearIncidentLiabilityNotMoreThanInAnyOneYearPerIncidentOfParentAndSubsidiaryCompaniesBasedOnTheirPresentNuclearOwnershipAndLeaseholdInterests
76000000 USD
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NuclearInsurancePolicyAggregateIndemnity
2000000000 USD
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NuclearInsurancePolicyEnvironmentalPlanSubmissionPeriod
P30D
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14000000 USD
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2 money_pool
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2 shares
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PaymentsofDebtRedemptionTenderPremiums
110000000 USD
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118000000 USD
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120000000 USD
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OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
52000000 USD
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PaymentsofDebtRedemptionMakewholePremiums
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4 Forms
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2 subsidiary
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NumberOfSubsidiariesThatIssuedEnvironmentalControlBonds
2
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NumberOfUnregulatedSubsidiariesInvolvedInTaxJudgment
2 subsidiary
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NumberOfVariableInterestContracts
2 entities
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OperatingLeaseCommitmentsNetPresentValue
1100000000 USD
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OperatingLeaseTermOfOtherSubsidiaries
P30Y
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PeriodInWhichLsesMayRequestDirectAllocationOfFtrs
P2Y
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PortionOfInsuranceCoverageByIndustryRetrospectiveRatingPlan
13200000000 USD
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PortionOfInsuranceCoverageOfPrivateInsurerIncludedInSingleNuclearIncidentLiability
375000000 USD
CY2012Q4 fe Preference Stock Shares Outstanding
PreferenceStockSharesOutstanding
0 shares
CY2013Q4 fe Preference Stock Shares Outstanding
PreferenceStockSharesOutstanding
0 shares
CY2013Q4 fe Pretax Net Operating Loss Carryforwards Expected To Utilized
PretaxNetOperatingLossCarryforwardsExpectedToUtilized
6300000000 USD
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PrincipalDefaultAmountSpecifiedInDebtCovenants
100000000 USD
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ProceedsFromInterestRateDerivativeTermination
6000000 USD
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PropertyPlantAndEquipmentExcludingConstructionInProgress
44228000000 USD
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PropertyPlantAndEquipmentExcludingConstructionInProgress
43210000000 USD
CY2013Q2 fe Proposed Green House Gas Performance Standards Minimum Output Size To Be Effected
ProposedGreenHouseGasPerformanceStandardsMinimumOutputSizeToBeEffected
25 MW
CY2010Q4 fe Proposed Sulfate Impairment Designation Length
ProposedSulfateImpairmentDesignationLength
68 mi
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13600000000 USD
CY2013Q1 fe Purchase Of Lessor Equity Interests In Sale And Leaseback Value
PurchaseOfLessorEquityInterestsInSaleAndLeasebackValue
221000000 USD
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153000000 USD
CY2012 fe Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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161000000 USD
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117000000 USD
CY2012 fe Reduction In Effective Tax Rate
ReductionInEffectiveTaxRate
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ReductionInEffectiveTaxRate
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CY2013 fe Regional Enforcement Entities
RegionalEnforcementEntities
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RemovalCosts
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RemovalCosts
203000000 USD
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RemovalCosts
55000000 USD
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RetrospectiveAssessmentsLiabilities
79000000 USD
CY1987 fe Subsidiary One Operating Lease Term Of Subsidiary One
SubsidiaryOneOperatingLeaseTermOfSubsidiaryOne
P29Y
CY2011 fe Storm Cost Deferral
StormCostDeferral
145000000 USD
CY2013 fe Storm Cost Deferral
StormCostDeferral
0 USD
CY2012 fe Storm Cost Deferral
StormCostDeferral
375000000 USD
CY2012Q4 fe Unamortized Gains Included In Long Term Debt Associated With Prior Fixed For Floating Interest Rate Swap Agreements
UnamortizedGainsIncludedInLongTermDebtAssociatedWithPriorFixedForFloatingInterestRateSwapAgreements
79000000 USD
CY2013Q4 fe Unamortized Gains Included In Long Term Debt Associated With Prior Fixed For Floating Interest Rate Swap Agreements
UnamortizedGainsIncludedInLongTermDebtAssociatedWithPriorFixedForFloatingInterestRateSwapAgreements
44000000 USD
CY2012Q4 fe Unamortized Gains Or Losses Associated With Designated Cash Flow Hedges
UnamortizedGainsOrLossesAssociatedWithDesignatedCashFlowHedges
10000000 USD
CY2013Q4 fe Unamortized Gains Or Losses Associated With Designated Cash Flow Hedges
UnamortizedGainsOrLossesAssociatedWithDesignatedCashFlowHedges
2000000 USD
CY2013Q4 fe Unamortized Losses Associated With Prior Interest Rate Hedges
UnamortizedLossesAssociatedWithPriorInterestRateHedges
59000000 USD
CY2012Q4 fe Unamortized Losses Associated With Prior Interest Rate Hedges
UnamortizedLossesAssociatedWithPriorInterestRateHedges
70000000 USD
CY2013 fe Uncertain Tax Position Net Interest Expense Income
UncertainTaxPositionNetInterestExpenseIncome
1000000 USD
CY2011 fe Uncertain Tax Position Net Interest Expense Income
UncertainTaxPositionNetInterestExpenseIncome
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CY2012 fe Uncertain Tax Position Net Interest Expense Income
UncertainTaxPositionNetInterestExpenseIncome
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CY2012Q4 fe Uncertain Tax Position Net Interest Payable Receivable
UncertainTaxPositionNetInterestPayableReceivable
8000000 USD
CY2013Q4 fe Uncertain Tax Position Net Interest Payable Receivable
UncertainTaxPositionNetInterestPayableReceivable
9000000 USD
CY2012Q4 fe Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities Resulting Reduction To Effective Tax Rate
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10000000 USD
CY2013Q4 fe Unrecognized Tax Benefits Portion Expected To Be Resolved In Next Fiscal Year
UnrecognizedTaxBenefitsPortionExpectedToBeResolvedInNextFiscalYear
35000000 USD
CY2013 fe Valuation Allowance Deferred Tax Asset Changein Amount Next Fiscal Quarter
ValuationAllowanceDeferredTaxAssetChangeinAmountNextFiscalQuarter
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CY2013 fe Variable Interest Entities Percentage Of Equity Interest By Unaffiliated Third Party Included In Ownership Of Entity Three
VariableInterestEntitiesPercentageOfEquityInterestByUnaffiliatedThirdPartyIncludedInOwnershipOfEntityThree
0.03
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001031296
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
418734086 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
15570961427 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
FIRSTENERGY CORP
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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