v3.25.0.1
Consolidated Balance Sheets - GAS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,070 $ 748
Receivables —    
Customer accounts 2,228 2,030
Unbilled revenues 825 786
Other accounts and notes 597 519
Accumulated provision for uncollectible accounts (74) (68)
Natural gas for sale 388 420
Prepaid expenses 294 406
Other regulatory assets 804 1,120
Other current assets 476 533
Total current assets 10,694 10,432
Property, Plant, and Equipment:    
In service 137,143 128,428
Less: Accumulated depreciation 40,126 37,725
Plant in service, net of depreciation 97,017 90,703
Construction work in progress 6,389 7,784
Total property, plant, and equipment 104,689 99,844
Other Property and Investments:    
Goodwill 5,161 5,161
Equity investments in unconsolidated subsidiaries 1,416 1,368
Other intangible assets, net of amortization 332 368
Miscellaneous property and investments 668 665
Other Property and Investments 10,198 9,986
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,386 1,432
Prepaid pension costs 2,674 2,079
Other regulatory assets, deferred 7,037 6,264
Other deferred charges and assets 1,467 1,468
Total deferred charges and other assets 19,599 19,069
Total Assets 145,180 139,331
Current Liabilities:    
Securities due within one year 4,718 2,476
Notes payable 1,338 2,314
Accounts payable —    
Customer deposits 486 503
Accrued compensation 1,261 1,151
Natural gas cost over recovery 193 214
Other regulatory liabilities 369 141
Other current liabilities 1,100 1,029
Total current liabilities 15,993 13,467
Long-Term Debt 58,768 57,210
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 11,730 10,990
Deferred credits related to income taxes 4,434 4,674
Employee benefit obligations 1,011 1,115
Operating lease obligations 1,253 1,307
Other cost of removal obligations 2,016 1,957
Other deferred credits and liabilities 1,350 1,031
Total deferred credits and other liabilities 33,745 33,429
Total Liabilities 108,506 104,106
Common Stockholders' Equity:    
Paid-in capital 14,149 13,775
Retained earnings (accumulated deficit) 13,750 12,482
Accumulated other comprehensive income (78) (177)
Total common stockholders' equity 33,208 31,444
Total Liabilities and Stockholders' Equity 145,180 139,331
Commitments and Contingent Matters
Southern Company Gas    
Current Assets:    
Cash and cash equivalents 43 33
Receivables —    
Customer accounts 399 405
Unbilled revenues 244 261
Other accounts and notes 45 47
Accumulated provision for uncollectible accounts (33) (44)
Natural gas for sale 388 420
Prepaid expenses 45 107
Other regulatory assets 187 141
Other current assets 121 116
Total current assets 1,439 1,486
Property, Plant, and Equipment:    
In service 22,338 20,840
Less: Accumulated depreciation 5,887 5,534
Plant in service, net of depreciation 16,451 15,306
Construction work in progress 1,057 1,110
Total property, plant, and equipment 17,508 16,416
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,279 1,235
Other intangible assets, net of amortization 9 16
Miscellaneous property and investments 25 25
Other Property and Investments 6,328 6,291
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 38 47
Prepaid pension costs 191 158
Other regulatory assets, deferred 481 504
Other deferred charges and assets 192 181
Total deferred charges and other assets 902 890
Total Assets 26,177 25,083
Current Liabilities:    
Securities due within one year 302 0
Notes payable 455 415
Accounts payable —    
Affiliated and other 437 424
Customer deposits 98 126
Accrued taxes 85 77
Accrued compensation 129 112
Natural gas cost over recovery 193 214
Other regulatory liabilities 7 19
Other current liabilities 237 232
Total current liabilities 2,018 1,708
Long-Term Debt 8,229 7,833
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,796 1,671
Deferred credits related to income taxes 755 759
Employee benefit obligations 78 110
Operating lease obligations 30 40
Other cost of removal obligations 1,846 1,771
Accrued environmental remediation 198 192
Other deferred credits and liabilities 231 196
Total deferred credits and other liabilities 4,934 4,739
Total Liabilities 15,181 14,280
Common Stockholders' Equity:    
Paid-in capital 10,863 10,836
Retained earnings (accumulated deficit) 85 (49)
Accumulated other comprehensive income 48 16
Total common stockholders' equity 10,996 10,803
Total Liabilities and Stockholders' Equity 26,177 25,083
Commitments and Contingent Matters
Southern Company Gas | Related Party    
Accounts payable —    
Affiliated and other $ 75 $ 89