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as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> as of December 31, 2024 and 2023, respectively. The non-qualified supplemental retirement plans were underfunded by $ 19 million and $ 25 million as of December 31, 2024 and 2023, respectively. The other post-retirement benefit plans were underfunded by less than $ 1 million and $ 1 million as of December 31, 2024 and 2023, respectively. The underfunded status is included in other liabilities. </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 212 | monetaryItemType | text: <entity> 212 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 194 | monetaryItemType | text: <entity> 194 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. | text | 171 | monetaryItemType | text: <entity> 171 </entity> <entity type> monetaryItemType </entity type> <context> We contribute to employer-sponsored U.S. and non-U.S. defined contribution plans. Our contribution to these plans was $ 212 million, $ 194 million and $ 171 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseRightOfUseAsset |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 119 | monetaryItemType | text: <entity> 119 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseRightOfUseAsset |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 79 | monetaryItemType | text: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseLiability |
As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. | text | 130 | monetaryItemType | text: <entity> 130 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had finance leases for information technology equipment of $ 67 million and $ 119 million, respectively, recorded in premises and equipment, with the related liability of $ 79 million and $ 130 million, respectively, recorded in long-term debt, in our consolidated statement of condition. </context> | us-gaap:FinanceLeaseLiability |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 135 | monetaryItemType | text: <entity> 135 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseInterestExpense |
Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $ 135 million as of December 31, 2024. Interest expense related to the finance lease obligation reflected in NII was $ 3 million and $ 5 million in 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseInterestExpense |
As of December 31, 2024, aggregate net book value of the operating lease right-of-use assets recorded in other assets was $ 818 million, with the related lease liability recorded in accrued expenses and other liabilities in our consolidated statement of condition. | text | 818 | monetaryItemType | text: <entity> 818 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, aggregate net book value of the operating lease right-of-use assets recorded in other assets was $ 818 million, with the related lease liability recorded in accrued expenses and other liabilities in our consolidated statement of condition. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
As of December 31, 2024, we have additional operating and finance leases, primarily for office space and equipment, that have not yet commenced with approximately $ 207 million of undiscounted future minimum lease payments. These leases will commence in fiscal year 2025 with lease terms ranging from 3 to 11 years. | text | 207 | monetaryItemType | text: <entity> 207 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have additional operating and finance leases, primarily for office space and equipment, that have not yet commenced with approximately $ 207 million of undiscounted future minimum lease payments. These leases will commence in fiscal year 2025 with lease terms ranging from 3 to 11 years. </context> | us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recorded a net repositioning release of $ 2 million, including a $ 15 million release reflected in compensation and employee benefits expenses, partially offset by $ 13 million of occupancy charges related to footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 203 | monetaryItemType | text: <entity> 203 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 182 | monetaryItemType | text: <entity> 182 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we recorded net repositioning charges of approximately $ 203 million to enable the next phase of our productivity efforts to streamline operations and technology, and improve efficiency. Expenses for 2023 included $ 182 million of compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringCharges |
Undistributed indefinitely reinvested earnings of certain foreign subsidiaries amounted to approximately $ 8.38 billion at December 31, 2024. As a result, no provision has been recorded for state and local or foreign withholding income taxes. If a distribution were to occur, we would be subject to state, local and to foreign withholding tax. It is expected that any distribution will be exempt from federal income tax. Although the foreign withholding tax is generally creditable against U.S. federal income tax, certain credit utilization limitations may result in a net cost. | text | 8.38 | monetaryItemType | text: <entity> 8.38 </entity> <entity type> monetaryItemType </entity type> <context> Undistributed indefinitely reinvested earnings of certain foreign subsidiaries amounted to approximately $ 8.38 billion at December 31, 2024. As a result, no provision has been recorded for state and local or foreign withholding income taxes. If a distribution were to occur, we would be subject to state, local and to foreign withholding tax. It is expected that any distribution will be exempt from federal income tax. Although the foreign withholding tax is generally creditable against U.S. federal income tax, certain credit utilization limitations may result in a net cost. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 237 | monetaryItemType | text: <entity> 237 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefits |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 285 | monetaryItemType | text: <entity> 285 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefits |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 220 | monetaryItemType | text: <entity> 220 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 197 | monetaryItemType | text: <entity> 197 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. | text | 272 | monetaryItemType | text: <entity> 272 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, 2023 and 2022, the gross unrecognized tax benefits, excluding interest, were $ 237 million, $ 237 million and $ 285 million, respectively. Of this, the amounts that would reduce the effective tax rate, if recognized, are $ 220 million, $ 197 million and $ 272 million, respectively. The reduction in the effective tax rate includes the federal benefit for unrecognized state tax benefits. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. | text | 237 | monetaryItemType | text: <entity> 237 </entity> <entity type> monetaryItemType </entity type> <context> It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. </context> | us-gaap:UnrecognizedTaxBenefits |
It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> It is reasonably possible that of the $ 237 million of unrecognized tax benefits as of December 31, 2024, up to $ 37 million could decrease within the next 12 months due to agreements with tax authorities and the expiration of statutes of limitations. Management believes that we have sufficient accrued liabilities as of December 31, 2024 for tax exposures and related interest expense. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. </context> | us-gaap:IncomeTaxExaminationInterestExpense |
Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. </context> | us-gaap:IncomeTaxExaminationInterestExpense |
Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Income tax expense included related interest and penalties of approximately $ 8 million, $ 7 million and $ 8 million in 2024, 2023 and 2022, respectively. Total accrued interest and penalties were approximately $ 21 million as of both December 31, 2024 and 2023, and $ 15 million as of December 31, 2022. </context> | us-gaap:IncomeTaxExaminationInterestAccrued |
Our operations are organized into two lines of business, which represent our reportable segments: Investment Servicing and Investment Management, which are defined based on products and services provided. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> Our operations are organized into two lines of business, which represent our reportable segments: Investment Servicing and Investment Management, which are defined based on products and services provided. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. </context> | us-gaap:NumberOfReportableSegments |
The “Other” columns presented in the previous table, represent amounts that are not allocated to our two lines of business. The following provides additional information about the items included in the line of business results “Other” column for the periods indicated. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> The “Other” columns presented in the previous table, represent amounts that are not allocated to our two lines of business. The following provides additional information about the items included in the line of business results “Other” column for the periods indicated. </context> | us-gaap:NumberOfReportableSegments |
Includes a $ 66 million gain on sale of equity investment and a $ 15 million revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | text | 66 | monetaryItemType | text: <entity> 66 </entity> <entity type> monetaryItemType </entity type> <context> Includes a $ 66 million gain on sale of equity investment and a $ 15 million revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. </context> | us-gaap:GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee |
Includes a $ 66 million gain on sale of equity investment and a $ 15 million revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Includes a $ 66 million gain on sale of equity investment and a $ 15 million revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. </context> | us-gaap:LitigationSettlementGain |
Includes the loss on the sale of investment securities of $ 81 million and $ 294 million in 2024 and 2023, respectively, related to the repositioning of the investment portfolio. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> Includes the loss on the sale of investment securities of $ 81 million and $ 294 million in 2024 and 2023, respectively, related to the repositioning of the investment portfolio. </context> | us-gaap:GainLossOnSaleOfInvestments |
Includes the loss on the sale of investment securities of $ 81 million and $ 294 million in 2024 and 2023, respectively, related to the repositioning of the investment portfolio. | text | 294 | monetaryItemType | text: <entity> 294 </entity> <entity type> monetaryItemType </entity type> <context> Includes the loss on the sale of investment securities of $ 81 million and $ 294 million in 2024 and 2023, respectively, related to the repositioning of the investment portfolio. </context> | us-gaap:GainLossOnSaleOfInvestments |
Deferred compensation expense acceleration of $ 79 million in 2024 reflected in compensation and employee benefits, associated with an amendment of certain outstanding deferred cash incentive compensation awards to align our deferred pay mix with peers. | text | 79 | monetaryItemType | text: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> Deferred compensation expense acceleration of $ 79 million in 2024 reflected in compensation and employee benefits, associated with an amendment of certain outstanding deferred cash incentive compensation awards to align our deferred pay mix with peers. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost |
Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:RestructuringReserveAccrualAdjustment1 |
Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:BusinessExitCosts1 |
Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 182 | monetaryItemType | text: <entity> 182 </entity> <entity type> monetaryItemType </entity type> <context> Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:SeveranceCosts1 |
Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> Net repositioning charges in 2024 includes a $ 15 million release reflected in compensation and employee benefits, partially offset by $ 13 million of occupancy charges related to footprint optimization. Net repositioning charges in 2023 includes $ 182 million reflected in compensation and employee benefits expenses related to workforce rationalization and $ 21 million of occupancy costs related to real estate footprint optimization. </context> | us-gaap:BusinessExitCosts1 |
Includes an FDIC special assessment of $ 99 million and $ 387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses. Other includes a $ 12 million charge in 2024 reflected in other expenses and $ 41 million in 2023 reflected in information systems and communications, primarily related to operating model changes. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Includes an FDIC special assessment of $ 99 million and $ 387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses. Other includes a $ 12 million charge in 2024 reflected in other expenses and $ 41 million in 2023 reflected in information systems and communications, primarily related to operating model changes. </context> | us-gaap:OtherRestructuringCosts |
Includes an FDIC special assessment of $ 99 million and $ 387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses. Other includes a $ 12 million charge in 2024 reflected in other expenses and $ 41 million in 2023 reflected in information systems and communications, primarily related to operating model changes. | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> Includes an FDIC special assessment of $ 99 million and $ 387 million in 2024 and 2023, respectively, related to FDIC’s recovery of estimated losses to the Deposit Insurance Fund associated with the closures of Silicon Valley Bank and Signature Bank reflected in other expenses. Other includes a $ 12 million charge in 2024 reflected in other expenses and $ 41 million in 2023 reflected in information systems and communications, primarily related to operating model changes. </context> | us-gaap:OtherRestructuringCosts |
In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the “Other” columns were not allocated to our business lines. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the “Other” columns were not allocated to our business lines. </context> | us-gaap:NumberOfReportableSegments |
and $ 2.72 billion, respectively, are included in accrued interest and fees receivable and other assets, representing amounts billed or currently billable related to revenue from contracts with customers. As performance obligations are satisfied, we have an unconditional right to payment and billing is generally performed monthly or quarterly; therefore, we do not have significant contract assets. | text | 2.72 | monetaryItemType | text: <entity> 2.72 </entity> <entity type> monetaryItemType </entity type> <context> and $ 2.72 billion, respectively, are included in accrued interest and fees receivable and other assets, representing amounts billed or currently billable related to revenue from contracts with customers. As performance obligations are satisfied, we have an unconditional right to payment and billing is generally performed monthly or quarterly; therefore, we do not have significant contract assets. </context> | us-gaap:ContractWithCustomerAssetNet |
and $ 133 million of deferred revenue as of December 31, 2024 and 2023, respectively. Deferred revenue is a contract liability which represents payments received and accounts receivable recorded in advance of providing services and is included in accrued expenses and other liabilities in the consolidated statement of condition. In the year ended December 31, 2024, we recognized revenue of | text | 133 | monetaryItemType | text: <entity> 133 </entity> <entity type> monetaryItemType </entity type> <context> and $ 133 million of deferred revenue as of December 31, 2024 and 2023, respectively. Deferred revenue is a contract liability which represents payments received and accounts receivable recorded in advance of providing services and is included in accrued expenses and other liabilities in the consolidated statement of condition. In the year ended December 31, 2024, we recognized revenue of </context> | us-gaap:ContractWithCustomerLiability |
relating to deferred revenue of $ 133 million as of December 31, 2023. | text | 133 | monetaryItemType | text: <entity> 133 </entity> <entity type> monetaryItemType </entity type> <context> relating to deferred revenue of $ 133 million as of December 31, 2023. </context> | us-gaap:ContractWithCustomerLiability |
and $ 89.85 billion as of December 31, 2024 and 2023, respectively. | text | 89.85 | monetaryItemType | text: <entity> 89.85 </entity> <entity type> monetaryItemType </entity type> <context> and $ 89.85 billion as of December 31, 2024 and 2023, respectively. </context> | us-gaap:Assets |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. | text | 750000 | sharesItemType | text: <entity> 750000 </entity> <entity type> sharesItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. | text | 100000 | perShareItemType | text: <entity> 100000 </entity> <entity type> perShareItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. </context> | us-gaap:PreferredStockLiquidationPreference |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. | text | 1000 | perShareItemType | text: <entity> 1000 </entity> <entity type> perShareItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. </context> | us-gaap:PreferredStockLiquidationPreference |
On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. | text | 743 | monetaryItemType | text: <entity> 743 </entity> <entity type> monetaryItemType </entity type> <context> On February 6, 2025, we issued 750,000 depositary shares, each representing a 1/100th ownership interest in a share of fixed rate reset, non-cumulative perpetual preferred stock, Series K, without par value per share, with a liquidation preference of $ 100,000 per share (equivalent to $ 1,000 per depositary share), in a public offering. The aggregate proceeds, net of underwriting discounts, commissions and other issuance costs, were approximately $ 743 million. </context> | us-gaap:ProceedsFromIssuanceOfPreferredStockAndPreferenceStock |
FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy continues implementing its facility optimization plans, which will result in exiting the general office in Akron, Ohio, and other corporate facilities in Greensburg, Pennsylvania, and Morristown, New Jersey. In December 2023, FirstEnergy purchased the general office building with the intention to sell it in the future. During the third quarter of 2024, the Akron general office building was classified as held-for-sale. Upon classification as held-for-sale, FirstEnergy recognized a $ 62 million pre-tax impairment charge within “Other operating expenses” on the Consolidated Statements of Income. Of the $ 62 million, $ 17 million is included with Integrated, $ 31 million is included within Distribution, $ 11 million is included within Stand-Alone Transmission and $ 3 million at Corporate/Other for segment reporting. The remaining carrying value of the held-for-sale asset is immaterial, and therefore has not been presented separately on the Consolidated Balance Sheets. The corporate headquarters will remain in Akron, Ohio, moving to FirstEnergy’s campus located in west Akron, Ohio, and FirstEnergy continues to explore real estate options and relocation opportunities for the other corporate facilities. As FirstEnergy continues to transform the business and implement initiatives to reduce costs, including the facility optimization plan, the impact of such actions may result in future impairments or other charges that may be significant. The aim of these combined efforts will be to help build a stronger, more sustainable company for the near and long term. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:BusinessCombinationConsiderationTransferredLiabilitiesIncurred |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:DebtInstrumentFaceAmount |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 5.75 | percentItemType | text: <entity> 5.75 </entity> <entity type> percentItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:DebtInstrumentFaceAmount |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 7.75 | percentItemType | text: <entity> 7.75 </entity> <entity type> percentItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:PaymentsToAcquireBusinessesGross |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:InterestIncomeOperating |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 49.9 | percentItemType | text: <entity> 49.9 </entity> <entity type> percentItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 50.1 | percentItemType | text: <entity> 50.1 </entity> <entity type> percentItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 731 | monetaryItemType | text: <entity> 731 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest |
On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> On May 31, 2022, Brookfield acquired 19.9 % of the issued and outstanding membership interests of FET. On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The purchase price was paid in part by the issuance of two promissory notes at closing having an aggregate principal amount of $ 1.2 billion with: (i) one promissory note having an aggregate principal amount of $ 750 million, at an interest rate of 5.75 % per annum, with a maturity date of September 25, 2025 and (ii) one promissory note having an aggregate principal amount of $ 450 million, at an interest rate of 7.75 % per annum, with a maturity date of December 31, 2024. The remaining $ 2.3 billion of the purchase price was paid in cash at closing. On July 17, 2024, Brookfield paid FE approximately $ 1.2 billion in full satisfaction of the promissory notes. Interest income associated with the promissory notes was $ 24 million for the year ended December 31, 2024 and is reported within “Miscellaneous income, net” on FirstEnergy’s Consolidated Statements of Income. As a result of the consummation of the transaction, Brookfield’s interest in FET increased from 19.9 % to 49.9 %, while FE retained the remaining 50.1 % ownership interests of FET. The difference between the purchase price, net of transaction costs and taxes of approximately $ 32 million and $ 803 million, respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion. </context> | us-gaap:NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest |
On February 27, 2020, the FES Debtors emerged from bankruptcy and were deconsolidated from FirstEnergy’s consolidated federal income tax group. The bankruptcy, emergence and deconsolidation resulted in FirstEnergy recognizing certain income tax benefits and charges, which were classified as discontinued operations. During the third quarter of 2023, FirstEnergy recognized a $ 21 million tax-effected charge to income tax expense as a result of identifying an out of period adjustment related to the allocation of certain deferred income tax liabilities associated with the FES Debtors and their tax return deconsolidation in 2020. This adjustment was immaterial to the 2023 and prior period financial statements. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> On February 27, 2020, the FES Debtors emerged from bankruptcy and were deconsolidated from FirstEnergy’s consolidated federal income tax group. The bankruptcy, emergence and deconsolidation resulted in FirstEnergy recognizing certain income tax benefits and charges, which were classified as discontinued operations. During the third quarter of 2023, FirstEnergy recognized a $ 21 million tax-effected charge to income tax expense as a result of identifying an out of period adjustment related to the allocation of certain deferred income tax liabilities associated with the FES Debtors and their tax return deconsolidation in 2020. This adjustment was immaterial to the 2023 and prior period financial statements. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Equity method investments included within "Investments" on the Consolidated Balance Sheets were $ 84 million and $ 104 million as of December 31, 2024 and 2023, respectively. | text | 84 | monetaryItemType | text: <entity> 84 </entity> <entity type> monetaryItemType </entity type> <context> Equity method investments included within "Investments" on the Consolidated Balance Sheets were $ 84 million and $ 104 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquityMethodInvestments |
Equity method investments included within "Investments" on the Consolidated Balance Sheets were $ 84 million and $ 104 million as of December 31, 2024 and 2023, respectively. | text | 104 | monetaryItemType | text: <entity> 104 </entity> <entity type> monetaryItemType </entity type> <context> Equity method investments included within "Investments" on the Consolidated Balance Sheets were $ 84 million and $ 104 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:EquityMethodInvestments |
- FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. | text | 72 | monetaryItemType | text: <entity> 72 </entity> <entity type> monetaryItemType </entity type> <context> - FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
- FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> - FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
- FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. | text | 168 | monetaryItemType | text: <entity> 168 </entity> <entity type> monetaryItemType </entity type> <context> - FEV currently holds a 33-1/3% equity ownership in Global Holding, the holding company for a joint venture in the Signal Peak mining and coal transportation operations with coal sales primarily focused on international markets. FEV is not the primary beneficiary of the joint venture, as it does not have control over the significant activities affecting the joint venture's economic performance. FEV's ownership interest is subject to the equity method of accounting. For the years ended December 31, 2024, 2023 and 2022, pre-tax equity earnings, excluding impairments, related to FEV’s ownership in Global Holding was $ 72 million, $ 175 million and $ 168 million, respectively. FEV’s pre-tax equity earnings and investment in Global Holding are included in Corporate/Other for segment reporting. </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
Due to FirstEnergy's actions to exit from FEV’s equity method investment in Global Holdings, a $ 13 million (pre-tax) impairment charge was recognized in the fourth quarter of 2024 and is included within "Equity method investment earnings, net” on the Consolidated Statements of Income and within Corporate/Other for segment reporting. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Due to FirstEnergy's actions to exit from FEV’s equity method investment in Global Holdings, a $ 13 million (pre-tax) impairment charge was recognized in the fourth quarter of 2024 and is included within "Equity method investment earnings, net” on the Consolidated Statements of Income and within Corporate/Other for segment reporting. </context> | us-gaap:EquityMethodInvestmentOtherThanTemporaryImpairment |
As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. </context> | us-gaap:EquityMethodInvestments |
As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. | text | 66 | monetaryItemType | text: <entity> 66 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. </context> | us-gaap:EquityMethodInvestments |
As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. | text | 80 | monetaryItemType | text: <entity> 80 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. </context> | us-gaap:ProceedsFromDividendsReceived |
As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. | text | 165 | monetaryItemType | text: <entity> 165 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the carrying value of the equity method investment was $ 45 million and $ 66 million, respectively. During 2024 and 2023, FEV received cash dividends from Global Holding totaling $ 80 million and $ 165 million, respectively, which were classified with “Cash from Operating Activities” on FirstEnergy’s Consolidated Statements of Cash Flow. </context> | us-gaap:ProceedsFromDividendsReceived |
On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. | text | 731 | monetaryItemType | text: <entity> 731 </entity> <entity type> monetaryItemType </entity type> <context> On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. </context> | us-gaap:NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest |
On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> On February 2, 2023, FE, along with FET, entered into the FET P&SA II with Brookfield and the Brookfield Guarantors, pursuant to which FE agreed to sell to Brookfield at the closing, and Brookfield agreed to purchase from FE, an incremental 30 % equity interest in FET for a purchase price of $ 3.5 billion. The FET Equity Interest Sale closed on March 25, 2024 and FET continues to be consolidated in FirstEnergy’s financial statements. The difference between the purchase price, net of transaction costs and deferred taxes of approximately $ 32 million and $ 803 million respectively, and the carrying value of the NCI of $ 731 million, was recorded as an increase to OPIC by $ 1.9 billion during 2024. </context> | us-gaap:NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest |
Includes finance leases of $ 46 million and $ 68 million as of December 31, 2024 and 2023, respectively. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> Includes finance leases of $ 46 million and $ 68 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization |
Includes finance leases of $ 46 million and $ 68 million as of December 31, 2024 and 2023, respectively. | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> Includes finance leases of $ 46 million and $ 68 million as of December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization |
Integrated has approximately $ 2.3 billion of total regulated generation property, plant and equipment as of December 31, 2024. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> Integrated has approximately $ 2.3 billion of total regulated generation property, plant and equipment as of December 31, 2024. </context> | us-gaap:PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing |
FirstEnergy provides for depreciation on a straight-line basis at various rates over the estimated lives of property included in plant in service. The respective annual composite depreciation rates for FirstEnergy were approximately 2.9 %, 2.8 % and | text | 2.9 | percentItemType | text: <entity> 2.9 </entity> <entity type> percentItemType </entity type> <context> FirstEnergy provides for depreciation on a straight-line basis at various rates over the estimated lives of property included in plant in service. The respective annual composite depreciation rates for FirstEnergy were approximately 2.9 %, 2.8 % and </context> | us-gaap:PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService |
FirstEnergy provides for depreciation on a straight-line basis at various rates over the estimated lives of property included in plant in service. The respective annual composite depreciation rates for FirstEnergy were approximately 2.9 %, 2.8 % and | text | 2.8 | percentItemType | text: <entity> 2.8 </entity> <entity type> percentItemType </entity type> <context> FirstEnergy provides for depreciation on a straight-line basis at various rates over the estimated lives of property included in plant in service. The respective annual composite depreciation rates for FirstEnergy were approximately 2.9 %, 2.8 % and </context> | us-gaap:PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService |
2.7 % in 2024, 2023 and 2022, respectively. | text | 2.7 | percentItemType | text: <entity> 2.7 </entity> <entity type> percentItemType </entity type> <context> 2.7 % in 2024, 2023 and 2022, respectively. </context> | us-gaap:PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 56 | monetaryItemType | text: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 73 | monetaryItemType | text: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:InterestCostsCapitalized |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 53 | monetaryItemType | text: <entity> 53 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:InterestCostsCapitalized |
For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, capitalized financing costs on FirstEnergy's Consolidated Statements of Income include $ 60 million, $ 44 million and $ 56 million, respectively, of allowance for equity funds used during construction and $ 73 million, $ 53 million and $ 28 million, respectively, of capitalized interest. </context> | us-gaap:InterestCostsCapitalized |
AGC owns an undivided 16.25 % interest ( 487 MWs) in the 3,003 MW Bath County pumped-storage, hydroelectric station in | text | 16.25 | percentItemType | text: <entity> 16.25 </entity> <entity type> percentItemType </entity type> <context> AGC owns an undivided 16.25 % interest ( 487 MWs) in the 3,003 MW Bath County pumped-storage, hydroelectric station in </context> | us-gaap:JointlyOwnedUtilityPlantProportionateOwnershipShare |
Virginia, operated by the 60 % owner, VEPCO, a non-affiliated utility. Total property, plant and equipment includes $ 142 million representing AGC's share in this facility as of December 31, 2024. AGC is obligated to pay its share of the costs of this jointly owned facility in the same proportion as its ownership interests using its own financing. AGC's share of direct expenses of the joint plant is included in operating expenses on FirstEnergy's Consolidated Statements of Income. AGC provides the generation capacity from this facility to its owner, MP, which is recovered through the ENEC. | text | 60 | percentItemType | text: <entity> 60 </entity> <entity type> percentItemType </entity type> <context> Virginia, operated by the 60 % owner, VEPCO, a non-affiliated utility. Total property, plant and equipment includes $ 142 million representing AGC's share in this facility as of December 31, 2024. AGC is obligated to pay its share of the costs of this jointly owned facility in the same proportion as its ownership interests using its own financing. AGC's share of direct expenses of the joint plant is included in operating expenses on FirstEnergy's Consolidated Statements of Income. AGC provides the generation capacity from this facility to its owner, MP, which is recovered through the ENEC. </context> | us-gaap:JointlyOwnedUtilityPlantProportionateOwnershipShare |
Virginia, operated by the 60 % owner, VEPCO, a non-affiliated utility. Total property, plant and equipment includes $ 142 million representing AGC's share in this facility as of December 31, 2024. AGC is obligated to pay its share of the costs of this jointly owned facility in the same proportion as its ownership interests using its own financing. AGC's share of direct expenses of the joint plant is included in operating expenses on FirstEnergy's Consolidated Statements of Income. AGC provides the generation capacity from this facility to its owner, MP, which is recovered through the ENEC. | text | 142 | monetaryItemType | text: <entity> 142 </entity> <entity type> monetaryItemType </entity type> <context> Virginia, operated by the 60 % owner, VEPCO, a non-affiliated utility. Total property, plant and equipment includes $ 142 million representing AGC's share in this facility as of December 31, 2024. AGC is obligated to pay its share of the costs of this jointly owned facility in the same proportion as its ownership interests using its own financing. AGC's share of direct expenses of the joint plant is included in operating expenses on FirstEnergy's Consolidated Statements of Income. AGC provides the generation capacity from this facility to its owner, MP, which is recovered through the ENEC. </context> | us-gaap:PropertyPlantAndEquipmentNet |
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