BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy Corporation Entergys reportable segments as of March 31, 2019 are Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. All Other includes the parent company, Entergy Corporation, and other business activity. Entergys segment financial information for the first quarters of 2019 and 2018 is as follows: Utility Entergy Wholesale Commodities All Other Eliminations Entergy (In Thousands) 2019 Operating revenues $2,175,982 $433,612 $ ($10 ) $2,609,584 Income taxes ($11,564 ) $65,908 ($11,573 ) $ $42,771 Consolidated net income (loss) $234,147 $97,079 ($40,682 ) ($31,898 ) $258,646 Total assets as of March 31, 2019 $46,502,826 $5,065,643 $719,602 ($2,682,690 ) $49,605,381 2018 Operating revenues $2,304,990 $418,924 $ ($33 ) $2,723,881 Income taxes $52,224 ($1,078 ) ($7,483 ) $ $43,663 Consolidated net income (loss) $217,940 ($17,779 ) ($32,063 ) ($31,898 ) $136,200 Total assets as of December 31, 2018 $44,777,167 $5,459,275 $733,366 ($2,694,742 ) $48,275,066 The Entergy Wholesale Commodities business is sometimes referred to as the competitive businesses. Eliminations are primarily intersegment activity. Almost all of Entergys goodwill is related to the Utility segment. As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. Total restructuring charges for the first quarters of 2019 and 2018 were comprised of the following: 2019 2018 Employee retention and severance expenses and other benefits-related costs Contracted economic development costs Total Employee retention and severance expenses and other benefits-related costs Contracted economic development costs Total (In Millions) Balance as of January 1, $179 $14 $193 $83 $14 $97 Restructuring costs accrued 34  34 26  26 Balance as of March 31, $213 $14 $227 $109 $14 $123 In addition, Entergy Wholesale Commodities incurred $74 million in the first quarter 2019 and $73 million in the first quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions. Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with managements strategy to exit the merchant power business of approximately $130 million in 2019, of which $34 million has been incurred as of March 31, 2019, and a total of approximately $110 million from 2020 through mid-2022. Registrant Subsidiaries Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.