v3.24.2
SUPPLEMENTAL CASH FLOW INFORMATION
 6 Months Ended
Jun. 30, 2024
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION SUPPLEMENTAL CASH FLOW INFORMATION
Non-Cash Transactions
Six Months Ended June 30
(in millions)20242023
Cash paid for interest, net of amount capitalized$377.7 $312.8 
Cash paid (received) for income taxes, net (1)
(172.8)15.8 
Significant non-cash investing and financing transactions:
Accounts payable related to construction costs167.1 156.7 
Common stock issued for stock-based compensation plans6.4 — 
Increase in receivables related to insurance proceeds2.2 5.6 

(1)    Cash received for income taxes in 2024 includes $173.0 million related to 2023 and 2024 PTCs that were sold to third parties.
Restricted Cash

The statements of cash flows include our activity related to cash, cash equivalents, and restricted cash. The following table reconciles the cash, cash equivalents, and restricted cash amounts reported within the balance sheets to the total of these amounts shown on the statements of cash flows:
(in millions)June 30, 2024December 31, 2023
Cash and cash equivalents$224.0 $42.9 
Restricted cash included in other current assets51.3 70.1 
Restricted cash included in other long-term assets27.6 52.2 
Cash, cash equivalents, and restricted cash$302.9 $165.2 

Our restricted cash consisted of the following:

•Cash held in the Integrys rabbi trust, which is used to fund participants' benefits under the Integrys deferred compensation plan and certain Integrys non-qualified pension plans.

•Cash on deposit in financial institutions that is restricted to satisfy the requirements of certain debt agreements at WEC Infrastructure Wind Holding I LLC, WEC Infrastructure Wind Holding II LLC, and WEPCo Environmental Trust.

•Cash related to WECI's ownership interests in certain renewable generation projects. These projects are required to deposit into an escrow account annually in order to fund future decommissioning.