SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the condensed consolidated statements of financial position that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows:


	March 31,				December 31,
(In millions of USD)	2025		2024		2024		2023
Cash and cash equivalents	$	3	$	220	$	19	$	328
Restricted cash included in other non-current assets	8		5		8		5
Total cash, cash equivalents and restricted cash	$	11	$	225	$	27	$	333

Supplementary Cash Flow Information

Supplementary Cash Flows Information


	Three Months Ended
	March 31,
(In millions of USD)	2025		2024

Interest paid (net of interest capitalized)	$	80	$	65
Income taxes paid to ITC Investment Holdings	23		23
Income taxes paid to state jurisdictions	1		—

Non-cash investing and financing activities:
Additions to property, plant and equipment (a)	135		97

Allowance for equity funds used during construction	10		11

Other	4		—

____________________________

(a)Amounts consist of current and accrued liabilities for construction, labor, materials and other costs that have not been included in investing activities. These amounts have not been paid for as of March 31, 2025 or 2024, respectively, but will be or have been included as a cash outflow from investing activities for expenditures for property, plant and equipment when paid.

ITC Holdings Corp. 10-Q