v3.24.3
Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets $ 104           $ 104   $ 123
Derivative Liabilities 330           $ 330   332
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]                  
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024 $ (13) $ 1 $ (1) $ 8 $ 3 $ (3)      
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Derivative instruments     Derivative instruments     Derivative instruments Derivative instruments  
El Segundo, Marsh Landing and Walnut Creek Notes | Call Option                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Fair value of long term debt $ 326           $ 326   325
Fair value of short term debt 0           0   5
Fair Value, Recurring                  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]                  
Beginning balance (381)   $ (317) $ (291)   $ (336) (317) $ (336)  
Settlements 6     21     0 30  
Total gains (losses) for the period included in earnings 66     (39)     8 (3)  
Ending balance (309) $ (381)   (309) $ (291)   (309) (309)  
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024 66         8  
Level 2 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 97           97   123
Derivative Liabilities 4           4   2
Level 3 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 17           17   13
Derivative Liabilities 326           326   330
Energy-related commodity contracts                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 7           7   2
Derivative Liabilities 327           327   330
Energy-related commodity contracts | Level 2 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 0           0   2
Derivative Liabilities 1           1   0
Energy-related commodity contracts | Level 3 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 7           7   0
Derivative Liabilities 326           326   330
Interest rate contracts                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 97           97   121
Derivative Liabilities 3           3   2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]                  
Change in unrealized gains included in earnings for derivatives and other financial instruments held as of September 30, 2024 (57)     $ 33     (33) $ 34  
Interest rate contracts | Level 2 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 97           97   121
Derivative Liabilities 3           3   2
Interest rate contracts | Level 3 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 0           0   0
Derivative Liabilities 0           0   0
Other Financial Instruments | Level 2 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets 0           0   0
Other Financial Instruments | Level 3 | Fair Value, Recurring                  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                  
Derivative Assets $ 10           $ 10   $ 13