Borrowings from money pool with Exelon

[Table of Contents](#i59ca7ab3cc784e42904d434b0008a7a9_10)Constellation Energy Generation, LLC and Subsidiary CompaniesConsolidated Balance Sheets

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |
| (In millions) | 2021 |  | 2020 |
| LIABILITIES AND EQUITY |  |  |  |
| Current liabilities |  |  |  |
| Short-term borrowings | $ | 2,082  |  |  | $ | 840  |  |
| Long-term debt due within one year | 1,220  |  |  | 197  |  |
|  |  |  |  |
| Accounts payable | 1,757  |  |  | 1,253  |  |
| Accrued expenses | 737  |  |  | 788  |  |
| Payables to affiliates | 131  |  |  | 107  |  |
| Borrowings from money pool with Exelon | —  |  |  | 285  |  |
|  |  |  |  |
|  |  |  |  |
| Mark-to-market derivative liabilities | 981  |  |  | 262  |  |
|  |  |  |  |
| Renewable energy credit obligation | 777  |  |  | 661  |  |
| Liabilities held for sale | 3  |  |  | 375  |  |
| Other | 308  |  |  | 451  |  |
| Total current liabilities | 7,996  |  |  | 5,219  |  |
| Long-term debt | 4,575  |  |  | 5,566  |  |
| Long-term debt to affiliates | 319  |  |  | 324  |  |
|  |  |  |  |
| Deferred credits and other liabilities |  |  |  |
| Deferred income taxes and unamortized investment tax credits | 3,703  |  |  | 3,656  |  |
| Asset retirement obligations | 12,819  |  |  | 12,054  |  |
|  |  |  |  |
| Non-pension postretirement benefit obligations | 847  |  |  | 858  |  |
| Spent nuclear fuel obligation | 1,210  |  |  | 1,208  |  |
|  |  |  |  |
| Payables to affiliates | 3,357  |  |  | 3,017  |  |
| Mark-to-market derivative liabilities | 513  |  |  | 205  |  |
|  |  |  |  |
|  |  |  |  |
| Other | 1,133  |  |  | 1,311  |  |
| Total deferred credits and other liabilities | 23,582  |  |  | 22,309  |  |
| Total liabilities(a) | 36,472  |  |  | 33,418  |  |
| Commitments and contingencies |  |  |  |
|  |  |  |  |
| Equity |  |  |  |
| Member’s equity |  |  |  |
| Membership interest | 10,482  |  |  | 9,624  |  |
| Undistributed earnings | 768  |  |  | 2,805  |  |
| Accumulated other comprehensive loss, net | (31) |  |  | (30) |  |
| Total member’s equity | 11,219  |  |  | 12,399  |  |
| Noncontrolling interests | 395  |  |  | 2,277  |  |
| Total equity | 11,614  |  |  | 14,676  |  |
| Total liabilities and equity | $ | 48,086  |  |  | $ | 48,094  |  |

\_\_\_\_\_\_\_\_\_\_(a)Our consolidated assets include $2,549 million and $10,182 million as of December 31, 2021 and 2020, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Our consolidated liabilities include $1,077 million and $3,572 million as of December 31, 2021 and 2020, respectively, of certain VIEs for which the VIE creditors do not have recourse to us. See Note 21–Variable Interest Entities for additional information.See the Notes to Consolidated Financial Statements  
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