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Includes approximately $ 284 million and $ 288 million as of December 31, 2024 and 2023, respectively, that are past due by greater than 30 days. | text | 284 | monetaryItemType | text: <entity> 284 </entity> <entity type> monetaryItemType </entity type> <context> Includes approximately $ 284 million and $ 288 million as of December 31, 2024 and 2023, respectively, that are past due by greater than 30 days. </context> | us-gaap:AccountsReceivableGrossCurrent |
Includes approximately $ 284 million and $ 288 million as of December 31, 2024 and 2023, respectively, that are past due by greater than 30 days. | text | 288 | monetaryItemType | text: <entity> 288 </entity> <entity type> monetaryItemType </entity type> <context> Includes approximately $ 284 million and $ 288 million as of December 31, 2024 and 2023, respectively, that are past due by greater than 30 days. </context> | us-gaap:AccountsReceivableGrossCurrent |
The dilutive effect of the 2026 Convertible Notes is limited to the conversion obligation in excess of the aggregate principal amount of the 2026 Convertible Notes being converted. For the year ended December 31, 2024, there was no dilutive effect resulting from the 2026 Convertible Notes as the average market price of FE shares of common stock was below the initial conversion price of $ 46.81 per share. See Note 12, "Capitalization" for additional details on the 2026 Convertible Notes that were issued during the second quarter of 2023. | text | 46.81 | perShareItemType | text: <entity> 46.81 </entity> <entity type> perShareItemType </entity type> <context> The dilutive effect of the 2026 Convertible Notes is limited to the conversion obligation in excess of the aggregate principal amount of the 2026 Convertible Notes being converted. For the year ended December 31, 2024, there was no dilutive effect resulting from the 2026 Convertible Notes as the average market price of FE shares of common stock was below the initial conversion price of $ 46.81 per share. See Note 12, "Capitalization" for additional details on the 2026 Convertible Notes that were issued during the second quarter of 2023. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
FirstEnergy’s pension funding policy is based on actuarial computations using the projected unit credit method. FirstEnergy does not currently expect to have a required contribution to the pension plan until 2027, which based on various assumptions, including an expected rate of return on assets of 8.5 % for 2025, is expected to be approximately $300 million. However, FirstEnergy may elect to contribute to the pension plan voluntarily. | text | 8.5 | percentItemType | text: <entity> 8.5 </entity> <entity type> percentItemType </entity type> <context> FirstEnergy’s pension funding policy is based on actuarial computations using the projected unit credit method. FirstEnergy does not currently expect to have a required contribution to the pension plan until 2027, which based on various assumptions, including an expected rate of return on assets of 8.5 % for 2025, is expected to be approximately $300 million. However, FirstEnergy may elect to contribute to the pension plan voluntarily. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate |
In December 2023, FirstEnergy, executed a lift-out transaction with Banner Life Insurance Company and Reinsurance Group of America that transferred approximately $ 683 million of plan assets and $ 719 million of plan obligations, associated with approximately 1,900 former competitive generation employees, who will assume future and full responsibility to fund and | text | 683 | monetaryItemType | text: <entity> 683 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, FirstEnergy, executed a lift-out transaction with Banner Life Insurance Company and Reinsurance Group of America that transferred approximately $ 683 million of plan assets and $ 719 million of plan obligations, associated with approximately 1,900 former competitive generation employees, who will assume future and full responsibility to fund and </context> | us-gaap:DefinedBenefitPlanAssetsTransferredToFromPlan |
In December 2023, FirstEnergy, executed a lift-out transaction with Banner Life Insurance Company and Reinsurance Group of America that transferred approximately $ 683 million of plan assets and $ 719 million of plan obligations, associated with approximately 1,900 former competitive generation employees, who will assume future and full responsibility to fund and | text | 719 | monetaryItemType | text: <entity> 719 </entity> <entity type> monetaryItemType </entity type> <context> In December 2023, FirstEnergy, executed a lift-out transaction with Banner Life Insurance Company and Reinsurance Group of America that transferred approximately $ 683 million of plan assets and $ 719 million of plan obligations, associated with approximately 1,900 former competitive generation employees, who will assume future and full responsibility to fund and </context> | us-gaap:DefinedBenefitPlanPlanAmendments |
Additionally, in January 2025, FirstEnergy executed a lift-out transaction with MetLife, that transferred approximately $ 640 million of plan assets and $ 652 million of plan obligations, associated with approximately 2,000 former competitive generation employees, who will assume future and full responsibility to fund and administer their benefit payments. Similar to the lift-out in 2023, there was no change to the pension benefits for any participant as a result of the transfer and the transaction was funded by pension plan assets. FirstEnergy believes that this lift-out transaction, in addition to the lift-out in 2023, further de-risked potential volatility with the pension plan assets and liabilities, and will continue to evaluate other lift-outs in the future based on market and other conditions. | text | 640 | monetaryItemType | text: <entity> 640 </entity> <entity type> monetaryItemType </entity type> <context> Additionally, in January 2025, FirstEnergy executed a lift-out transaction with MetLife, that transferred approximately $ 640 million of plan assets and $ 652 million of plan obligations, associated with approximately 2,000 former competitive generation employees, who will assume future and full responsibility to fund and administer their benefit payments. Similar to the lift-out in 2023, there was no change to the pension benefits for any participant as a result of the transfer and the transaction was funded by pension plan assets. FirstEnergy believes that this lift-out transaction, in addition to the lift-out in 2023, further de-risked potential volatility with the pension plan assets and liabilities, and will continue to evaluate other lift-outs in the future based on market and other conditions. </context> | us-gaap:DefinedBenefitPlanAssetsTransferredToFromPlan |
Additionally, in January 2025, FirstEnergy executed a lift-out transaction with MetLife, that transferred approximately $ 640 million of plan assets and $ 652 million of plan obligations, associated with approximately 2,000 former competitive generation employees, who will assume future and full responsibility to fund and administer their benefit payments. Similar to the lift-out in 2023, there was no change to the pension benefits for any participant as a result of the transfer and the transaction was funded by pension plan assets. FirstEnergy believes that this lift-out transaction, in addition to the lift-out in 2023, further de-risked potential volatility with the pension plan assets and liabilities, and will continue to evaluate other lift-outs in the future based on market and other conditions. | text | 652 | monetaryItemType | text: <entity> 652 </entity> <entity type> monetaryItemType </entity type> <context> Additionally, in January 2025, FirstEnergy executed a lift-out transaction with MetLife, that transferred approximately $ 640 million of plan assets and $ 652 million of plan obligations, associated with approximately 2,000 former competitive generation employees, who will assume future and full responsibility to fund and administer their benefit payments. Similar to the lift-out in 2023, there was no change to the pension benefits for any participant as a result of the transfer and the transaction was funded by pension plan assets. FirstEnergy believes that this lift-out transaction, in addition to the lift-out in 2023, further de-risked potential volatility with the pension plan assets and liabilities, and will continue to evaluate other lift-outs in the future based on market and other conditions. </context> | us-gaap:DefinedBenefitPlanPlanAmendments |
The ICP 2020 and ICP 2015 include shareholder authorization to each issue 10 million shares of common stock or their equivalent. Shares not issued due to forfeitures or cancellations originally granted through the ICP 2015 may be added back to the ICP 2020. As of December 31, 2024, approximately 8.5 million shares were available for future grants under the ICP 2020 assuming maximum performance metrics are achieved for the outstanding cycles of restricted stock units. Shares granted under the ICP 2020 are issued from authorized but unissued common stock. Vesting periods for stock-based awards range from less | text | 8.5 | sharesItemType | text: <entity> 8.5 </entity> <entity type> sharesItemType </entity type> <context> The ICP 2020 and ICP 2015 include shareholder authorization to each issue 10 million shares of common stock or their equivalent. Shares not issued due to forfeitures or cancellations originally granted through the ICP 2015 may be added back to the ICP 2020. As of December 31, 2024, approximately 8.5 million shares were available for future grants under the ICP 2020 assuming maximum performance metrics are achieved for the outstanding cycles of restricted stock units. Shares granted under the ICP 2020 are issued from authorized but unissued common stock. Vesting periods for stock-based awards range from less </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy adjusts the compensation costs for stock-based compensation awards that will be paid in cash based on changes in the fair value of the award as of each reporting date. FirstEnergy records the actual tax benefit realized from tax deductions when awards are exercised or settled. Actual income tax benefits realized during the years ended December 31, 2024, 2023 and 2022, were $ 17 million, $ 6 million and $ 8 million, respectively. The income tax effects of awards are recognized in the income statement when the awards vest, are settled or are forfeited. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Income tax benefits associated with stock-based compensation plan expense were $ 5 million, $ 6 million and $ 8 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Restricted stock units payable in cash provide the participant the right to receive cash based on the number of stock units set forth in the agreement and value of the equivalent number of shares of FE common stock as of the vesting date. The cash portion of the restricted stock unit award is considered a liability award, which is remeasured each period based on FE's stock price and projected performance adjustments. The liability recorded for the portion of performance-based restricted stock units payable in cash in the future as of December 31, 2024, was $ 14 million. During 2024, approximately $ 17 million was paid in relation to the cash portion of restricted stock unit obligations that vested in 2024. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> Restricted stock units payable in cash provide the participant the right to receive cash based on the number of stock units set forth in the agreement and value of the equivalent number of shares of FE common stock as of the vesting date. The cash portion of the restricted stock unit award is considered a liability award, which is remeasured each period based on FE's stock price and projected performance adjustments. The liability recorded for the portion of performance-based restricted stock units payable in cash in the future as of December 31, 2024, was $ 14 million. During 2024, approximately $ 17 million was paid in relation to the cash portion of restricted stock unit obligations that vested in 2024. </context> | us-gaap:DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent |
Restricted stock units payable in cash provide the participant the right to receive cash based on the number of stock units set forth in the agreement and value of the equivalent number of shares of FE common stock as of the vesting date. The cash portion of the restricted stock unit award is considered a liability award, which is remeasured each period based on FE's stock price and projected performance adjustments. The liability recorded for the portion of performance-based restricted stock units payable in cash in the future as of December 31, 2024, was $ 14 million. During 2024, approximately $ 17 million was paid in relation to the cash portion of restricted stock unit obligations that vested in 2024. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Restricted stock units payable in cash provide the participant the right to receive cash based on the number of stock units set forth in the agreement and value of the equivalent number of shares of FE common stock as of the vesting date. The cash portion of the restricted stock unit award is considered a liability award, which is remeasured each period based on FE's stock price and projected performance adjustments. The liability recorded for the portion of performance-based restricted stock units payable in cash in the future as of December 31, 2024, was $ 14 million. During 2024, approximately $ 17 million was paid in relation to the cash portion of restricted stock unit obligations that vested in 2024. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 36.79 | perShareItemType | text: <entity> 36.79 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 38.36 | perShareItemType | text: <entity> 38.36 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 41.49 | perShareItemType | text: <entity> 41.49 </entity> <entity type> perShareItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> The weighted-average fair value per share of awards granted in 2024, 2023 and 2022 was $ 36.79 , $ 38.36 and $ 41.49 per share, respectively. During the years ended 2024, 2023, and 2022, the fair value of restricted stock units vested was $ 55 million, $ 24 million, and $ 26 million, respectively. As of December 31, 2024, there was approximately $ 30 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted for restricted stock units, which is expected to be recognized over a period of approximately three years . </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The weighted average vesting period for restricted stock granted in 2024 was 2.6 years. As of December 31, 2024, there was $ 5 million of total unrecognized compensation cost related to non-vested restricted stock, which is expected to be recognized over a period of approximately 3 years. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average vesting period for restricted stock granted in 2024 was 2.6 years. As of December 31, 2024, there was $ 5 million of total unrecognized compensation cost related to non-vested restricted stock, which is expected to be recognized over a period of approximately 3 years. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
Under the EDCP, certain employees can defer a portion of their compensation, including base salary, annual incentive awards and/or long-term incentive awards, into unfunded accounts. Annual incentive and long-term incentive awards may be deferred in FE stock accounts, where they are tracked as units. Base salary and annual incentive awards may be deferred into a retirement cash account which earns interest. Dividend equivalents are calculated quarterly on stock units outstanding and are credited in the form of additional stock units. Awards deferred into a retirement stock account will pay out in cash upon separation, including retirement, death or disability. Interest accrues on the cash allocated to the retirement cash account and the balance will pay out in cash as a lump sum or over a defined period of time period as elected by the participant. The liability recognized for EDCP of approximately $ 166 million and $ 175 million as of December 31, 2024 and 2023, respectively, is included in “Retirement benefits,” on the Consolidated Balance Sheets. | text | 166 | monetaryItemType | text: <entity> 166 </entity> <entity type> monetaryItemType </entity type> <context> Under the EDCP, certain employees can defer a portion of their compensation, including base salary, annual incentive awards and/or long-term incentive awards, into unfunded accounts. Annual incentive and long-term incentive awards may be deferred in FE stock accounts, where they are tracked as units. Base salary and annual incentive awards may be deferred into a retirement cash account which earns interest. Dividend equivalents are calculated quarterly on stock units outstanding and are credited in the form of additional stock units. Awards deferred into a retirement stock account will pay out in cash upon separation, including retirement, death or disability. Interest accrues on the cash allocated to the retirement cash account and the balance will pay out in cash as a lump sum or over a defined period of time period as elected by the participant. The liability recognized for EDCP of approximately $ 166 million and $ 175 million as of December 31, 2024 and 2023, respectively, is included in “Retirement benefits,” on the Consolidated Balance Sheets. </context> | us-gaap:DeferredCompensationLiabilityClassifiedNoncurrent |
Under the EDCP, certain employees can defer a portion of their compensation, including base salary, annual incentive awards and/or long-term incentive awards, into unfunded accounts. Annual incentive and long-term incentive awards may be deferred in FE stock accounts, where they are tracked as units. Base salary and annual incentive awards may be deferred into a retirement cash account which earns interest. Dividend equivalents are calculated quarterly on stock units outstanding and are credited in the form of additional stock units. Awards deferred into a retirement stock account will pay out in cash upon separation, including retirement, death or disability. Interest accrues on the cash allocated to the retirement cash account and the balance will pay out in cash as a lump sum or over a defined period of time period as elected by the participant. The liability recognized for EDCP of approximately $ 166 million and $ 175 million as of December 31, 2024 and 2023, respectively, is included in “Retirement benefits,” on the Consolidated Balance Sheets. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> Under the EDCP, certain employees can defer a portion of their compensation, including base salary, annual incentive awards and/or long-term incentive awards, into unfunded accounts. Annual incentive and long-term incentive awards may be deferred in FE stock accounts, where they are tracked as units. Base salary and annual incentive awards may be deferred into a retirement cash account which earns interest. Dividend equivalents are calculated quarterly on stock units outstanding and are credited in the form of additional stock units. Awards deferred into a retirement stock account will pay out in cash upon separation, including retirement, death or disability. Interest accrues on the cash allocated to the retirement cash account and the balance will pay out in cash as a lump sum or over a defined period of time period as elected by the participant. The liability recognized for EDCP of approximately $ 166 million and $ 175 million as of December 31, 2024 and 2023, respectively, is included in “Retirement benefits,” on the Consolidated Balance Sheets. </context> | us-gaap:DeferredCompensationLiabilityClassifiedNoncurrent |
Excludes $ 21 million of federal tax expense associated with discontinued operations for the year ended December 31, 2023. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> Excludes $ 21 million of federal tax expense associated with discontinued operations for the year ended December 31, 2023. </context> | us-gaap:DeferredFederalIncomeTaxExpenseBenefit |
FirstEnergy has recorded as deferred income tax assets the effect of federal NOLs and tax credits that will more likely than not be realized through future operations and through the reversal of existing temporary differences. As of December 31, 2024, FirstEnergy's loss carryforwards primarily consisted of $ 1.6 billion ($ 343 million, net of tax) of federal NOL carryforwards, all of which have no expiration. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy has recorded as deferred income tax assets the effect of federal NOLs and tax credits that will more likely than not be realized through future operations and through the reversal of existing temporary differences. As of December 31, 2024, FirstEnergy's loss carryforwards primarily consisted of $ 1.6 billion ($ 343 million, net of tax) of federal NOL carryforwards, all of which have no expiration. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration |
The table below summarizes pre-tax NOL carryforwards and their respective anticipated expirations for state and local income tax purposes of approximately $ 12.9 billion ($ 403 million, million net of tax) for FirstEnergy, of which approximately $ 4.7 billion ($ 185 million, million net of tax) is expected to be utilized based on current estimates and assumptions. The ultimate utilization of these NOLs may be impacted by statutory limitations on the use of NOLs imposed by state and local tax jurisdictions, changes in statutory tax rates, and changes in business which, among other things, impact both future profitability and the manner in which future taxable income is apportioned to various state and local tax jurisdictions. | text | 12.9 | monetaryItemType | text: <entity> 12.9 </entity> <entity type> monetaryItemType </entity type> <context> The table below summarizes pre-tax NOL carryforwards and their respective anticipated expirations for state and local income tax purposes of approximately $ 12.9 billion ($ 403 million, million net of tax) for FirstEnergy, of which approximately $ 4.7 billion ($ 185 million, million net of tax) is expected to be utilized based on current estimates and assumptions. The ultimate utilization of these NOLs may be impacted by statutory limitations on the use of NOLs imposed by state and local tax jurisdictions, changes in statutory tax rates, and changes in business which, among other things, impact both future profitability and the manner in which future taxable income is apportioned to various state and local tax jurisdictions. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration |
FirstEnergy recognizes interest expense or income and penalties related to uncertain tax positions in income taxes by applying the applicable statutory interest rate to the difference between the tax position recognized and the amount previously taken, or expected to be taken, on the tax return. FirstEnergy includes interest expense or income and penalties in the provision for income taxes. Due to uncertain tax positions that were effectively settled with tax authorities during 2023, approximately $ 9 million in net interest was reversed. There was no material interest expense or income, or penalties, related to uncertain tax positions in 2024, nor does FirstEnergy have a cumulative net interest payable as of December 31, 2024. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> FirstEnergy recognizes interest expense or income and penalties related to uncertain tax positions in income taxes by applying the applicable statutory interest rate to the difference between the tax position recognized and the amount previously taken, or expected to be taken, on the tax return. FirstEnergy includes interest expense or income and penalties in the provision for income taxes. Due to uncertain tax positions that were effectively settled with tax authorities during 2023, approximately $ 9 million in net interest was reversed. There was no material interest expense or income, or penalties, related to uncertain tax positions in 2024, nor does FirstEnergy have a cumulative net interest payable as of December 31, 2024. </context> | us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority |
Includes $ 35 million of short-term lease costs. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 35 million of short-term lease costs. </context> | us-gaap:ShortTermLeaseCost |
Includes $ 27 million of short-term lease costs. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 27 million of short-term lease costs. </context> | us-gaap:ShortTermLeaseCost |
Includes $ 19 million of short-term lease costs. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 19 million of short-term lease costs. </context> | us-gaap:ShortTermLeaseCost |
Operating lease payments for certain leases are offset by sublease receipts of $ 7 million over 8 years. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Operating lease payments for certain leases are offset by sublease receipts of $ 7 million over 8 years. </context> | us-gaap:SubleaseIncome |
Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. </context> | us-gaap:Assets |
Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. </context> | us-gaap:Assets |
Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. | text | 9.1 | monetaryItemType | text: <entity> 9.1 </entity> <entity type> monetaryItemType </entity type> <context> Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. </context> | us-gaap:Liabilities |
Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. | text | 7.8 | monetaryItemType | text: <entity> 7.8 </entity> <entity type> monetaryItemType </entity type> <context> Total assets on FirstEnergy's Consolidated Balance Sheets include approximately $ 12 billion and $ 11 billion of consolidated VIE assets, as of December 31, 2024 and 2023, respectively, that can only be used to settle the liabilities of the applicable VIE. Total liabilities include approximately $ 9.1 billion and $ 7.8 billion as of December 31, 2024 and 2023, respectively, of consolidated VIE liabilities for which the VIE's creditors do not have recourse to FirstEnergy. </context> | us-gaap:Liabilities |
In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. | text | 445 | monetaryItemType | text: <entity> 445 </entity> <entity type> monetaryItemType </entity type> <context> In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. </context> | us-gaap:DebtInstrumentFaceAmount |
In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. </context> | us-gaap:LongTermDebt |
In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. | text | 191 | monetaryItemType | text: <entity> 191 </entity> <entity type> monetaryItemType </entity type> <context> In June 2013, the SPEs formed by the Ohio Companies issued approximately $ 445 million of pass-through trust certificates supported by phase-in recovery bonds to securitize the recovery of certain all-electric customer heating discounts, fuel and purchased power regulatory assets. The phase-in recovery bonds are payable only from, and secured by, phase in recovery property owned by the SPEs. The bondholder has no recourse to the general credit of FirstEnergy or any of the Ohio Companies. Each of the Ohio Companies, as servicer of its respective SPE, manages and administers the phase in recovery property including the billing, collection and remittance of usage-based charges payable by retail electric customers. The SPEs are considered VIEs and each one is consolidated into its applicable utility. As of December 31, 2024 and 2023, $ 175 million and $ 191 million of the phase-in recovery bonds were outstanding, respectively. </context> | us-gaap:LongTermDebt |
The consolidated financial statements of FirstEnergy include environmental control bonds issued by two bankruptcy remote, special purpose limited liability companies that are indirect subsidiaries of MP and PE. Proceeds from the bonds were used to construct environmental control facilities. Principal and interest owed on the environmental control bonds is secured by, and payable solely from, the proceeds of the environmental control charges. Creditors of FirstEnergy, other than the limited liability company SPEs, have no recourse to any assets or revenues of the special purpose limited liability companies. As of December 31, 2024 and 2023, $ 188 million and $ 218 million of environmental control bonds were outstanding, respectively. | text | 188 | monetaryItemType | text: <entity> 188 </entity> <entity type> monetaryItemType </entity type> <context> The consolidated financial statements of FirstEnergy include environmental control bonds issued by two bankruptcy remote, special purpose limited liability companies that are indirect subsidiaries of MP and PE. Proceeds from the bonds were used to construct environmental control facilities. Principal and interest owed on the environmental control bonds is secured by, and payable solely from, the proceeds of the environmental control charges. Creditors of FirstEnergy, other than the limited liability company SPEs, have no recourse to any assets or revenues of the special purpose limited liability companies. As of December 31, 2024 and 2023, $ 188 million and $ 218 million of environmental control bonds were outstanding, respectively. </context> | us-gaap:LongtermPollutionControlBondCurrentAndNoncurrent |
The consolidated financial statements of FirstEnergy include environmental control bonds issued by two bankruptcy remote, special purpose limited liability companies that are indirect subsidiaries of MP and PE. Proceeds from the bonds were used to construct environmental control facilities. Principal and interest owed on the environmental control bonds is secured by, and payable solely from, the proceeds of the environmental control charges. Creditors of FirstEnergy, other than the limited liability company SPEs, have no recourse to any assets or revenues of the special purpose limited liability companies. As of December 31, 2024 and 2023, $ 188 million and $ 218 million of environmental control bonds were outstanding, respectively. | text | 218 | monetaryItemType | text: <entity> 218 </entity> <entity type> monetaryItemType </entity type> <context> The consolidated financial statements of FirstEnergy include environmental control bonds issued by two bankruptcy remote, special purpose limited liability companies that are indirect subsidiaries of MP and PE. Proceeds from the bonds were used to construct environmental control facilities. Principal and interest owed on the environmental control bonds is secured by, and payable solely from, the proceeds of the environmental control charges. Creditors of FirstEnergy, other than the limited liability company SPEs, have no recourse to any assets or revenues of the special purpose limited liability companies. As of December 31, 2024 and 2023, $ 188 million and $ 218 million of environmental control bonds were outstanding, respectively. </context> | us-gaap:LongtermPollutionControlBondCurrentAndNoncurrent |
As of December 31, 2024 FE’s equity ownership in FET is 50.1 % and Brookfield’s is 49.9 %. FirstEnergy has concluded that FET is a VIE and that FE is the primary beneficiary because FE has exposure to the economics of FET and the power to direct significant activities of FET through the FESC services agreement, which represents a separate variable interest. | text | 50.1 | percentItemType | text: <entity> 50.1 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 FE’s equity ownership in FET is 50.1 % and Brookfield’s is 49.9 %. FirstEnergy has concluded that FET is a VIE and that FE is the primary beneficiary because FE has exposure to the economics of FET and the power to direct significant activities of FET through the FESC services agreement, which represents a separate variable interest. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
As of December 31, 2024 FE’s equity ownership in FET is 50.1 % and Brookfield’s is 49.9 %. FirstEnergy has concluded that FET is a VIE and that FE is the primary beneficiary because FE has exposure to the economics of FET and the power to direct significant activities of FET through the FESC services agreement, which represents a separate variable interest. | text | 49.9 | percentItemType | text: <entity> 49.9 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024 FE’s equity ownership in FET is 50.1 % and Brookfield’s is 49.9 %. FirstEnergy has concluded that FET is a VIE and that FE is the primary beneficiary because FE has exposure to the economics of FET and the power to direct significant activities of FET through the FESC services agreement, which represents a separate variable interest. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
As of December 31, 2024, FirstEnergy maintains four long-term PPAs with NUG entities that were entered into pursuant to the Public Utility Regulatory Policies Act of 1978. FirstEnergy was not involved in the creation of, and has no equity or debt invested in, any of these entities. FirstEnergy has determined that, it does not have a variable interest, or the entities do not meet the criteria to be considered a VIE. | text | no | percentItemType | text: <entity> no </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, FirstEnergy maintains four long-term PPAs with NUG entities that were entered into pursuant to the Public Utility Regulatory Policies Act of 1978. FirstEnergy was not involved in the creation of, and has no equity or debt invested in, any of these entities. FirstEnergy has determined that, it does not have a variable interest, or the entities do not meet the criteria to be considered a VIE. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On November 30, 2020, AE Supply submitted a closure deadline extension request to the EPA seeking to extend the cease accepting waste date for the McElroy's Run CCR impoundment facility to October 2024, which request was withdrawn by AE Supply on July 9, 2024, prior to the completion of the technical review by the EPA. As of May 31, 2024, AE Supply ceased accepting waste at the McElroy’s Run CCR impoundment facility from Pleasants Power Station. As of December 31, 2024, AE Supply continues to operate the dry landfill adjacent to McElroy’s Run as a disposal facility for Pleasants Power Station. During the second quarter of 2024, as a result of the evaluation of closure options for McElroy’s Run and the adjacent landfill, AE Supply reviewed its ARO and future expected costs to remediate, resulting in an increase to the ARO liability and corresponding increase to “Other operating expense” of $ 87 million at Corporate/Other for segment reporting. On February 3, 2025, AE Supply executed an environmental liability transfer agreement with a subsidiary of IDA Power, LLC, whereby AE Supply will transfer the McElroy’s Run CCR impoundment facility and adjacent dry landfill and related remediation obligations. The agreement requires | text | 87 | monetaryItemType | text: <entity> 87 </entity> <entity type> monetaryItemType </entity type> <context> On November 30, 2020, AE Supply submitted a closure deadline extension request to the EPA seeking to extend the cease accepting waste date for the McElroy's Run CCR impoundment facility to October 2024, which request was withdrawn by AE Supply on July 9, 2024, prior to the completion of the technical review by the EPA. As of May 31, 2024, AE Supply ceased accepting waste at the McElroy’s Run CCR impoundment facility from Pleasants Power Station. As of December 31, 2024, AE Supply continues to operate the dry landfill adjacent to McElroy’s Run as a disposal facility for Pleasants Power Station. During the second quarter of 2024, as a result of the evaluation of closure options for McElroy’s Run and the adjacent landfill, AE Supply reviewed its ARO and future expected costs to remediate, resulting in an increase to the ARO liability and corresponding increase to “Other operating expense” of $ 87 million at Corporate/Other for segment reporting. On February 3, 2025, AE Supply executed an environmental liability transfer agreement with a subsidiary of IDA Power, LLC, whereby AE Supply will transfer the McElroy’s Run CCR impoundment facility and adjacent dry landfill and related remediation obligations. The agreement requires </context> | us-gaap:AssetRetirementObligationRevisionOfEstimate |
As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. | text | 139 | monetaryItemType | text: <entity> 139 </entity> <entity type> monetaryItemType </entity type> <context> As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. </context> | us-gaap:AssetRetirementObligationPeriodIncreaseDecrease |
As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. | text | 113 | monetaryItemType | text: <entity> 113 </entity> <entity type> monetaryItemType </entity type> <context> As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. </context> | us-gaap:AssetRetirementObligationPeriodIncreaseDecrease |
As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. </context> | us-gaap:AssetRetirementObligationPeriodIncreaseDecrease |
As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. </context> | us-gaap:AssetRetirementObligationPeriodIncreaseDecrease |
As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> As further discussed below, on May 8, 2024, the EPA finalized changes to the CCR rule addressing certain legacy CCR disposal sites which were not included in previous CCR rules. As a result, during 2024, FirstEnergy performed a preliminary assessment of former CCR disposal sites and calculated an initial estimate applying historical experience in remediating comparable sites. As a result, FirstEnergy recorded a $ 139 million increase to its ARO in 2024, of which $ 113 million is included in “Other operating expenses” on the Consolidated Statements of Income and was not capitalized as an asset retirement cost since the associated plants are closed. Of the $ 113 million expensed in 2024, $ 16 million is included with Integrated, $ 46 million is included within Distribution and $ 51 million at Corporate/Other for segment reporting. </context> | us-gaap:AssetRetirementObligationPeriodIncreaseDecrease |
Restricted cash of $ 43 million and $ 42 million as of December 31, 2024 and 2023, respectively, primarily relates to cash collected from MP, PE and the Ohio Companies' customers that is specifically used to service debt of their respective funding companies. See Note 12, Capitalization for additional information. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> Restricted cash of $ 43 million and $ 42 million as of December 31, 2024 and 2023, respectively, primarily relates to cash collected from MP, PE and the Ohio Companies' customers that is specifically used to service debt of their respective funding companies. See Note 12, Capitalization for additional information. </context> | us-gaap:RestrictedCashCurrent |
Restricted cash of $ 43 million and $ 42 million as of December 31, 2024 and 2023, respectively, primarily relates to cash collected from MP, PE and the Ohio Companies' customers that is specifically used to service debt of their respective funding companies. See Note 12, Capitalization for additional information. | text | 42 | monetaryItemType | text: <entity> 42 </entity> <entity type> monetaryItemType </entity type> <context> Restricted cash of $ 43 million and $ 42 million as of December 31, 2024 and 2023, respectively, primarily relates to cash collected from MP, PE and the Ohio Companies' customers that is specifically used to service debt of their respective funding companies. See Note 12, Capitalization for additional information. </context> | us-gaap:RestrictedCashCurrent |
Excludes short-term cash investments of $ 6 million. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Excludes short-term cash investments of $ 6 million. </context> | us-gaap:CashAndCashEquivalentsFairValueDisclosure |
For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. </context> | us-gaap:GainLossOnInvestments |
For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. </context> | us-gaap:GainLossOnInvestments |
For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, pre-tax income (expense) related to corporate-owned life insurance policies were $ 16 million, $ 18 million and $( 20 ) million, respectively. Corporate-owned life insurance policies are valued using the cash surrender value and any changes in value during the period are recognized as income or expense. </context> | us-gaap:GainLossOnInvestments |
Based on the closing of the FET Equity Interest Sale on March 25, 2024, FE realized an approximate $ 7 billion tax gain in 2024. FE expects that this tax gain created sufficient earnings and profits to cause distributions made during 2024 and the next several years, to be characterized as dividends for federal income tax purposes. Upon such characterization, shareholders are urged to consult their own tax advisors regarding the income tax treatment of FE's distributions to them. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Based on the closing of the FET Equity Interest Sale on March 25, 2024, FE realized an approximate $ 7 billion tax gain in 2024. FE expects that this tax gain created sufficient earnings and profits to cause distributions made during 2024 and the next several years, to be characterized as dividends for federal income tax purposes. Upon such characterization, shareholders are urged to consult their own tax advisors regarding the income tax treatment of FE's distributions to them. </context> | us-gaap:DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation |
FE issued approximately 3 million shares of common stock in 2024, 2 million shares of common stock in 2023 and 2 million shares of common stock in 2022 to registered shareholders and its directors and the employees of its subsidiaries under its Stock Investment Plan and certain share-based benefit plans. | text | 3 | sharesItemType | text: <entity> 3 </entity> <entity type> sharesItemType </entity type> <context> FE issued approximately 3 million shares of common stock in 2024, 2 million shares of common stock in 2023 and 2 million shares of common stock in 2022 to registered shareholders and its directors and the employees of its subsidiaries under its Stock Investment Plan and certain share-based benefit plans. </context> | us-gaap:StockIssuedDuringPeriodSharesEmployeeBenefitPlan |
FE issued approximately 3 million shares of common stock in 2024, 2 million shares of common stock in 2023 and 2 million shares of common stock in 2022 to registered shareholders and its directors and the employees of its subsidiaries under its Stock Investment Plan and certain share-based benefit plans. | text | 2 | sharesItemType | text: <entity> 2 </entity> <entity type> sharesItemType </entity type> <context> FE issued approximately 3 million shares of common stock in 2024, 2 million shares of common stock in 2023 and 2 million shares of common stock in 2022 to registered shareholders and its directors and the employees of its subsidiaries under its Stock Investment Plan and certain share-based benefit plans. </context> | us-gaap:StockIssuedDuringPeriodSharesEmployeeBenefitPlan |
As noted above, on September 5, 2024, FET issued $ 400 million of unsecured senior notes due in 2030 and $ 400 million of unsecured senior notes due in 2035 in a private offering that included a registration rights agreement in which FET agreed to conduct an exchange offer of these senior notes for like principal amounts registered under the Securities Act. On October 8, 2024, FET filed a registration statement on Form S-4 for the exchange offer with the SEC, which was declared effective on December 20, 2024. On January 24, 2025, FET completed an exchange offer of these senior notes for like principal amounts registered under the Securities Act. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> As noted above, on September 5, 2024, FET issued $ 400 million of unsecured senior notes due in 2030 and $ 400 million of unsecured senior notes due in 2035 in a private offering that included a registration rights agreement in which FET agreed to conduct an exchange offer of these senior notes for like principal amounts registered under the Securities Act. On October 8, 2024, FET filed a registration statement on Form S-4 for the exchange offer with the SEC, which was declared effective on December 20, 2024. On January 24, 2025, FET completed an exchange offer of these senior notes for like principal amounts registered under the Securities Act. </context> | us-gaap:DebtInstrumentFaceAmount |
As noted above, on December 5, 2024, JCP&L issued $ 700 million of unsecured senior notes due in 2035 in a private offering that included a registration rights agreement in which JCP&L agreed to conduct an exchange offer of these senior notes for like principal amounts registered under the Securities Act. JCP&L also agreed to file a shelf registration statement with the SEC to cover resales of the senior notes under certain circumstances. In the event that JCP&L's exchange offer is not completed or the shelf registration statement, if required, is not effective by the 366th day after December 5, 2024, or the effective shelf registration stops being effective for 60 days during any 12-month period, then additional interest will accrue on the coupon. Interest will accrue at a rate of 25 basis points for the first 90 days and an additional 25 basis points in the subsequent 90-day period, but not to exceed 50 basis points per year. However, if the additional interest is triggered, the interest rate will reset to the original notes rate once the registration statement is effective, or the shelf registration, if required, becomes effective. JCP&L plans to file a registration statement for the exchange offer before the end of the first quarter of 2025. | text | 700 | monetaryItemType | text: <entity> 700 </entity> <entity type> monetaryItemType </entity type> <context> As noted above, on December 5, 2024, JCP&L issued $ 700 million of unsecured senior notes due in 2035 in a private offering that included a registration rights agreement in which JCP&L agreed to conduct an exchange offer of these senior notes for like principal amounts registered under the Securities Act. JCP&L also agreed to file a shelf registration statement with the SEC to cover resales of the senior notes under certain circumstances. In the event that JCP&L's exchange offer is not completed or the shelf registration statement, if required, is not effective by the 366th day after December 5, 2024, or the effective shelf registration stops being effective for 60 days during any 12-month period, then additional interest will accrue on the coupon. Interest will accrue at a rate of 25 basis points for the first 90 days and an additional 25 basis points in the subsequent 90-day period, but not to exceed 50 basis points per year. However, if the additional interest is triggered, the interest rate will reset to the original notes rate once the registration statement is effective, or the shelf registration, if required, becomes effective. JCP&L plans to file a registration statement for the exchange offer before the end of the first quarter of 2025. </context> | us-gaap:DebtInstrumentFaceAmount |
As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. </context> | us-gaap:DebtInstrumentFaceAmount |
As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. | text | 4.00 | percentItemType | text: <entity> 4.00 </entity> <entity type> percentItemType </entity type> <context> As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. | text | 1.48 | monetaryItemType | text: <entity> 1.48 </entity> <entity type> monetaryItemType </entity type> <context> As discussed above, on May 4, 2023, FE issued $ 1.5 billion aggregate principal amount of 2026 Convertible Notes, with a fixed interest rate of 4.00 % per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on November 1, 2023. The 2026 Convertible Notes are unsecured and unsubordinated obligations of FE, and will mature on May 1, 2026, unless required to be converted or repurchased in accordance with their terms. However, FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. The 2026 Convertible Notes are included within “Long-term debt and other long-term obligations” on the FirstEnergy Consolidated Balance Sheets. Proceeds from the issuance were approximately $ 1.48 billion, net of issuance costs. </context> | us-gaap:ProceedsFromIssuanceOfDebt |
During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 30 | integerItemType | text: <entity> 30 </entity> <entity type> integerItemType </entity type> <context> During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1 |
During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 130 | percentItemType | text: <entity> 130 </entity> <entity type> percentItemType </entity type> <context> During any calendar quarter, if the last reported sale price of FE’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger |
The conversion rate for the 2026 Convertible Notes will initially be 21.3620 shares of FE’s common stock per $1,000 principal amount of the 2026 Convertible Notes (equivalent to an initial conversion price of approximately $ 46.81 per share of FE’s common stock). The initial conversion price of the 2026 Convertible Notes represents a premium of approximately 20 % over the last reported sale price of FE’s common stock on the New York Stock Exchange on May 1, 2023. The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. | text | 46.81 | perShareItemType | text: <entity> 46.81 </entity> <entity type> perShareItemType </entity type> <context> The conversion rate for the 2026 Convertible Notes will initially be 21.3620 shares of FE’s common stock per $1,000 principal amount of the 2026 Convertible Notes (equivalent to an initial conversion price of approximately $ 46.81 per share of FE’s common stock). The initial conversion price of the 2026 Convertible Notes represents a premium of approximately 20 % over the last reported sale price of FE’s common stock on the New York Stock Exchange on May 1, 2023. The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. FE may not elect to redeem the 2026 Convertible Notes prior to the maturity date. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
As of December 31, 2024, available liquidity under the 2021 and 2023 Credit Facilities totaled approximately $ 5.3 billion. | text | 5.3 | monetaryItemType | text: <entity> 5.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, available liquidity under the 2021 and 2023 Credit Facilities totaled approximately $ 5.3 billion. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
reflects corporate support and other costs not charged or attributable to the Electric Companies or Transmission Companies, including FE’s retained pension and OPEB assets and liabilities of former subsidiaries, interest expense on FE’s holding company debt and other investments or businesses that do not constitute an operating segment, including FEV’s investment of 33-1/3% equity ownership in Global Holding. Reconciling adjustments for the elimination of inter-segment transactions are shown separately in the following table of Segment Financial Information. Also included in Corporate/Other for segment reporting is 67 MWs of net maximum generation capacity, representing AE Supply’s OVEC capacity entitlement. As of December 31, 2024, Corporate/Other had approximately $ 6.1 billion of external FE holding company debt. | text | 6.1 | monetaryItemType | text: <entity> 6.1 </entity> <entity type> monetaryItemType </entity type> <context> reflects corporate support and other costs not charged or attributable to the Electric Companies or Transmission Companies, including FE’s retained pension and OPEB assets and liabilities of former subsidiaries, interest expense on FE’s holding company debt and other investments or businesses that do not constitute an operating segment, including FEV’s investment of 33-1/3% equity ownership in Global Holding. Reconciling adjustments for the elimination of inter-segment transactions are shown separately in the following table of Segment Financial Information. Also included in Corporate/Other for segment reporting is 67 MWs of net maximum generation capacity, representing AE Supply’s OVEC capacity entitlement. As of December 31, 2024, Corporate/Other had approximately $ 6.1 billion of external FE holding company debt. </context> | us-gaap:LongTermDebt |
Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. </context> | us-gaap:FinancingReceivableAllowanceForCreditLosses |
Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption, we recorded a decrease to the allowance for finance receivable losses of $ 16 million, a decrease to deferred tax assets of $ 4 million and a one-time corresponding cumulative increase to Retained earnings, net of tax, of $ 12 million in our consolidated balance sheets as of January 1, 2023. </context> | us-gaap:RetainedEarningsAccumulatedDeficit |
We have whole loan sale flow agreements with third parties, with remaining terms of less than one year , in which we agreed to sell a total of $ 60 million gross receivables per quarter of newly originated unsecured personal loans along with any associated accrued interest. These unsecured personal loans are derecognized from our balance sheet at the time of sale. We service the personal loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues - other in our consolidated statements of operations. We sold $ 585 million and $ 720 million of gross finance receivables during the years ended December 31, 2023 and 2022, respectively. The gain on the sales were $ 52 million and $ 63 million during the years ended December 31, 2023 and 2022, respectively. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> We have whole loan sale flow agreements with third parties, with remaining terms of less than one year , in which we agreed to sell a total of $ 60 million gross receivables per quarter of newly originated unsecured personal loans along with any associated accrued interest. These unsecured personal loans are derecognized from our balance sheet at the time of sale. We service the personal loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues - other in our consolidated statements of operations. We sold $ 585 million and $ 720 million of gross finance receivables during the years ended December 31, 2023 and 2022, respectively. The gain on the sales were $ 52 million and $ 63 million during the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:GainLossOnSaleOfNotesReceivable |
We have whole loan sale flow agreements with third parties, with remaining terms of less than one year , in which we agreed to sell a total of $ 60 million gross receivables per quarter of newly originated unsecured personal loans along with any associated accrued interest. These unsecured personal loans are derecognized from our balance sheet at the time of sale. We service the personal loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues - other in our consolidated statements of operations. We sold $ 585 million and $ 720 million of gross finance receivables during the years ended December 31, 2023 and 2022, respectively. The gain on the sales were $ 52 million and $ 63 million during the years ended December 31, 2023 and 2022, respectively. | text | 63 | monetaryItemType | text: <entity> 63 </entity> <entity type> monetaryItemType </entity type> <context> We have whole loan sale flow agreements with third parties, with remaining terms of less than one year , in which we agreed to sell a total of $ 60 million gross receivables per quarter of newly originated unsecured personal loans along with any associated accrued interest. These unsecured personal loans are derecognized from our balance sheet at the time of sale. We service the personal loans sold and are entitled to a servicing fee and other fees commensurate with the services performed as part of the agreements. The gain on sales and servicing fees are recorded in Other revenues - other in our consolidated statements of operations. We sold $ 585 million and $ 720 million of gross finance receivables during the years ended December 31, 2023 and 2022, respectively. The gain on the sales were $ 52 million and $ 63 million during the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:GainLossOnSaleOfNotesReceivable |
When personal loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our personal loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $ 146 million and $ 126 million during the years ended December 31, 2023 and 2022, respectively. | text | 146 | monetaryItemType | text: <entity> 146 </entity> <entity type> monetaryItemType </entity type> <context> When personal loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our personal loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $ 146 million and $ 126 million during the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:FinancingReceivableAccruedInterestWriteoff |
When personal loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our personal loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $ 146 million and $ 126 million during the years ended December 31, 2023 and 2022, respectively. | text | 126 | monetaryItemType | text: <entity> 126 </entity> <entity type> monetaryItemType </entity type> <context> When personal loans are 60 days contractually past due, we consider these accounts to be at an increased risk for loss and move collection of these accounts to our central collection operations. We consider our personal loans to be nonperforming at 90 days or more contractually past due, at which point we stop accruing finance charges and reverse finance charges previously accrued. For our personal loans, we reversed net accrued finance charges of $ 146 million and $ 126 million during the years ended December 31, 2023 and 2022, respectively. </context> | us-gaap:FinancingReceivableAccruedInterestWriteoff |
Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans totaled $ 18 million and $ 16 million during the years ended December 31, 2023, and 2022, respectively. All personal loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans totaled $ 18 million and $ 16 million during the years ended December 31, 2023, and 2022, respectively. All personal loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. </context> | us-gaap:FinancingReceivableNonaccrualInterestIncome |
Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans totaled $ 18 million and $ 16 million during the years ended December 31, 2023, and 2022, respectively. All personal loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Finance charges recognized from the contractual interest portion of payments received on nonaccrual personal loans totaled $ 18 million and $ 16 million during the years ended December 31, 2023, and 2022, respectively. All personal loans in nonaccrual status are considered in our estimate of allowance for finance receivable losses. </context> | us-gaap:FinancingReceivableNonaccrualInterestIncome |
We accrue finance charges and fees on credit cards until charge-off at 180 days contractually past due, at which point we reverse finance charges and fees previously accrued. For credit cards, net accrued finance charges and fees reversed totaled $ 11 million during the year ended December 31, 2023, and were immaterial during the year ended December 31, 2022. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> We accrue finance charges and fees on credit cards until charge-off at 180 days contractually past due, at which point we reverse finance charges and fees previously accrued. For credit cards, net accrued finance charges and fees reversed totaled $ 11 million during the year ended December 31, 2023, and were immaterial during the year ended December 31, 2022. </context> | us-gaap:FinancingReceivableAccruedInterestWriteoff |
Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $ 223 million at December 31, 2023 and $ 81 million at December 31, 2022. | text | 223 | monetaryItemType | text: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $ 223 million at December 31, 2023 and $ 81 million at December 31, 2022. </context> | us-gaap:UnusedCommitmentsToExtendCredit |
Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $ 223 million at December 31, 2023 and $ 81 million at December 31, 2022. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> Our unfunded lending commitments consist of the unused credit card lines, which are unconditionally cancellable. We do not anticipate that all of our customers will access their entire available line at any given point in time. The unused credit card lines totaled $ 223 million at December 31, 2023 and $ 81 million at December 31, 2022. </context> | us-gaap:UnusedCommitmentsToExtendCredit |
On a lot basis, we had 1,984 and 2,280 investment securities in an unrealized loss position at December 31, 2023 and December 31, 2022, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of December 31, 2023, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of December 31, 2023, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. | text | 1984 | integerItemType | text: <entity> 1984 </entity> <entity type> integerItemType </entity type> <context> On a lot basis, we had 1,984 and 2,280 investment securities in an unrealized loss position at December 31, 2023 and December 31, 2022, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of December 31, 2023, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of December 31, 2023, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. </context> | us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions |
On a lot basis, we had 1,984 and 2,280 investment securities in an unrealized loss position at December 31, 2023 and December 31, 2022, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of December 31, 2023, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of December 31, 2023, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. | text | 2280 | integerItemType | text: <entity> 2280 </entity> <entity type> integerItemType </entity type> <context> On a lot basis, we had 1,984 and 2,280 investment securities in an unrealized loss position at December 31, 2023 and December 31, 2022, respectively. We do not consider the unrealized losses to be credit-related, as these unrealized losses primarily relate to changes in interest rates and market spreads subsequent to purchase. Additionally, as of December 31, 2023, there were no credit impairments on investment securities that we intend to sell. We do not have plans to sell any of the remaining investment securities with unrealized losses as of December 31, 2023, and we believe it is more likely than not that we would not be required to sell such investment securities before recovery of their amortized cost. </context> | us-gaap:DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions |
The fair value of securities on deposit with third parties totaled $ 524 million and $ 532 million at December 31, 2023 and December 31, 2022, respectively. | text | 524 | monetaryItemType | text: <entity> 524 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of securities on deposit with third parties totaled $ 524 million and $ 532 million at December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:CertificatesOfDepositAtCarryingValue |
The fair value of securities on deposit with third parties totaled $ 524 million and $ 532 million at December 31, 2023 and December 31, 2022, respectively. | text | 532 | monetaryItemType | text: <entity> 532 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of securities on deposit with third parties totaled $ 524 million and $ 532 million at December 31, 2023 and December 31, 2022, respectively. </context> | us-gaap:CertificatesOfDepositAtCarryingValue |
Net unrealized gains on other securities held were immaterial for the year ended December 31, 2023. Net unrealized losses on other securities held were $ 9 million and immaterial for the years ended December 31, 2022 and 2021, respectively. Net realized gains and losses on other securities sold or redeemed were immaterial for the years ended December 31, 2023, 2022, and 2021. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Net unrealized gains on other securities held were immaterial for the year ended December 31, 2023. Net unrealized losses on other securities held were $ 9 million and immaterial for the years ended December 31, 2022 and 2021, respectively. Net realized gains and losses on other securities sold or redeemed were immaterial for the years ended December 31, 2023, 2022, and 2021. </context> | us-gaap:DebtSecuritiesTradingUnrealizedGainLoss |
Amortization expense was immaterial in 2023, and $ 13 million and $ 32 million in 2022 and 2021, respectively. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense was immaterial in 2023, and $ 13 million and $ 32 million in 2022 and 2021, respectively. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization expense was immaterial in 2023, and $ 13 million and $ 32 million in 2022 and 2021, respectively. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> Amortization expense was immaterial in 2023, and $ 13 million and $ 32 million in 2022 and 2021, respectively. The estimated aggregate amortization of other intangible assets for each of the next five years is immaterial. </context> | us-gaap:AmortizationOfIntangibleAssets |
During the fourth quarter of 2023, OMFC increased the total maximum borrowing capacity of our unsecured corporate revolver to $ 1.3 billion. The corporate revolver has a five-year term beginning October 25, 2021, during which draws and repayments may occur. Any outstanding principal balance is due and payable on October 25, 2026. At December 31, 2023, no amounts were drawn under this facility. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2023, OMFC increased the total maximum borrowing capacity of our unsecured corporate revolver to $ 1.3 billion. The corporate revolver has a five-year term beginning October 25, 2021, during which draws and repayments may occur. Any outstanding principal balance is due and payable on October 25, 2026. At December 31, 2023, no amounts were drawn under this facility. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
During the fourth quarter of 2023, OMFC increased the total maximum borrowing capacity of our unsecured corporate revolver to $ 1.3 billion. The corporate revolver has a five-year term beginning October 25, 2021, during which draws and repayments may occur. Any outstanding principal balance is due and payable on October 25, 2026. At December 31, 2023, no amounts were drawn under this facility. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2023, OMFC increased the total maximum borrowing capacity of our unsecured corporate revolver to $ 1.3 billion. The corporate revolver has a five-year term beginning October 25, 2021, during which draws and repayments may occur. Any outstanding principal balance is due and payable on October 25, 2026. At December 31, 2023, no amounts were drawn under this facility. </context> | us-gaap:LettersOfCreditOutstandingAmount |
In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. | text | 350 | monetaryItemType | text: <entity> 350 </entity> <entity type> monetaryItemType </entity type> <context> In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. </context> | us-gaap:DebtInstrumentFaceAmount |
In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. | text | 0.26 | percentItemType | text: <entity> 0.26 </entity> <entity type> percentItemType </entity type> <context> In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. | text | 7.41 | percentItemType | text: <entity> 7.41 </entity> <entity type> percentItemType </entity type> <context> In January of 2007, OMFC issued the Junior Subordinated Debenture, consisting of $ 350 million aggregate principal amount of 60-year junior subordinated debt. The Junior Subordinated Debenture underlies the trust preferred securities sold by a trust sponsored by OMFC. OMFC can redeem the Junior Subordinated Debenture at par. On December 30, 2013, OMH entered into a guaranty agreement whereby it agreed to fully and unconditionally guarantee, on a junior subordinated basis, the payment of principal, premium (if any), and interest on the Junior Subordinated Debenture. Prior to June 30, 2023, the interest rate on the remaining principal balance of the Junior Subordinated Debenture consisted of a variable floating rate (determined quarterly) equal to 3-month LIBOR plus 1.75 %. ICE Benchmark Administration and the Financial Conduct Authority announced that the publication of the most commonly used USD LIBOR settings has ceased to be provided after June 30, 2023. Effective in July 2023 the debenture transitioned from a LIBOR-based interest rate to a SOFR-based interest rate in accordance with the statutory framework provided by the Adjustable Interest Rate (LIBOR) Act, enacted in March 2022, and the rules adopted in December 2022 by the Board of Governors of the Federal Reserve System. The replacement rate is 3-month CME Term SOFR plus a spread adjustment of 0.26 % plus 1.75 %, or 7.41 % as of December 31, 2023. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $ 483 million in 2023, $ 305 million in 2022, and $ 293 million in 2021. | text | 483 | monetaryItemType | text: <entity> 483 </entity> <entity type> monetaryItemType </entity type> <context> Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $ 483 million in 2023, $ 305 million in 2022, and $ 293 million in 2021. </context> | us-gaap:InterestExpenseBorrowings |
Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $ 483 million in 2023, $ 305 million in 2022, and $ 293 million in 2021. | text | 305 | monetaryItemType | text: <entity> 305 </entity> <entity type> monetaryItemType </entity type> <context> Other than the retained subordinate and residual interests in our consolidated VIEs, we are under no further obligation than is otherwise noted herein, either contractually or implicitly, to provide financial support to these entities. Consolidated interest expense related to our VIEs totaled $ 483 million in 2023, $ 305 million in 2022, and $ 293 million in 2021. </context> | us-gaap:InterestExpenseBorrowings |
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