v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - GAS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,676 $ 1,917
Receivables —    
Customer accounts 2,230 2,128
Unbilled revenues 547 1,012
Other accounts and notes 553 637
Accumulated provision for uncollectible accounts (78) (71)
Natural gas for sale 406 438
Prepaid expenses 321 347
Other regulatory assets 996 968
Other current assets 544 344
Total current assets 11,088 10,416
Property, Plant, and Equipment:    
In service 125,573 117,529
Less: Accumulated depreciation 37,199 35,297
Plant in service, net of depreciation 88,374 82,232
Construction work in progress 8,496 10,896
Total property, plant, and equipment 98,254 94,570
Other Property and Investments:    
Goodwill 5,161 5,161
Equity investments in unconsolidated subsidiaries 1,376 1,443
Other intangible assets, net of amortization 377 406
Miscellaneous property and investments 651 602
Total other property and investments 9,772 9,757
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,467 1,531
Prepaid pension costs 2,574 2,290
Other regulatory assets, deferred 5,666 5,918
Other deferred charges and assets 1,479 1,485
Total deferred charges and other assets 19,207 20,148
Total Assets 138,321 134,891
Current Liabilities:    
Securities due within one year 3,076 4,285
Notes payable 1,726 2,609
Accounts payable —    
Customer deposits 511 502
Accrued interest 573 614
Accrued compensation 936 1,127
Natural gas cost over recovery 165 0
Other regulatory liabilities 163 382
Other current liabilities 943 787
Total current liabilities 13,214 15,724
Long-term Debt 56,003 50,656
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,774 10,036
Deferred credits related to income taxes 4,813 5,235
Employee benefit obligations 1,184 1,238
Operating lease obligations 1,320 1,388
Other cost of removal obligations 1,940 1,903
Other deferred credits and liabilities 1,166 1,167
Total deferred credits and other liabilities 33,800 33,979
Total Liabilities 103,017 100,359
Total Stockholders' Equity 35,304 34,532
Total Liabilities and Stockholders' Equity 138,321 134,891
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 397 81
Receivables —    
Customer accounts 242 616
Unbilled revenues 74 453
Other accounts and notes 52 76
Accumulated provision for uncollectible accounts (53) (50)
Natural gas for sale 406 438
Prepaid expenses 92 93
Natural gas cost under recovery 0 108
Other regulatory assets 144 119
Other current assets 108 104
Total current assets 1,462 2,038
Property, Plant, and Equipment:    
In service 20,459 19,723
Less: Accumulated depreciation 5,454 5,276
Plant in service, net of depreciation 15,005 14,447
Construction work in progress 1,158 909
Total property, plant, and equipment 16,163 15,356
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,243 1,276
Other intangible assets, net of amortization 19 26
Miscellaneous property and investments 24 28
Total other property and investments 6,301 6,345
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 47 57
Prepaid pension costs 205 183
Other regulatory assets, deferred 483 497
Other deferred charges and assets 162 145
Total deferred charges and other assets 897 882
Total Assets 24,823 24,621
Current Liabilities:    
Securities due within one year 400 400
Notes payable 75 768
Accounts payable —    
Customer deposits 133 125
Accrued taxes 75 77
Accrued interest 79 67
Accrued compensation 85 105
Natural gas cost over recovery 165 0
Other regulatory liabilities 44 36
Other current liabilities 146 187
Total current liabilities 1,638 2,570
Long-term Debt 7,657 7,042
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,629 1,560
Deferred credits related to income taxes 766 788
Employee benefit obligations 108 120
Operating lease obligations 40 51
Other cost of removal obligations 1,748 1,707
Accrued environmental remediation 202 207
Other deferred credits and liabilities 202 179
Total deferred credits and other liabilities 4,695 4,612
Total Liabilities 13,990 14,224
Total Stockholders' Equity 10,833 10,397
Total Liabilities and Stockholders' Equity 24,823 24,621
SOUTHERN Co GAS | Related Party    
Accounts payable —    
Affiliated and Other 62 104
SOUTHERN Co GAS | Nonrelated Party    
Accounts payable —    
Affiliated and Other $ 374 $ 701