Other Investment (Tables)

12 Months Ended

Jul. 10, 2017

Sep. 30, 2018

The following table summarizes the fair value amounts of SFEE’s assets and liabilities, as well as the estimated fair value of the non-controlling interest as of the date of consolidation.



Fair Value of SFEE at Date of Consolidation
(in millions)	Fair Value
Property, plant and equipment	10.1
Other assets	$	0.1
Total assets	$	10.2
Net assets	$	10.2
Non-controlling interest	$	0.6
WGSW equity interest	$	9.6

The following tables presents the carrying amounts and estimated fair values of our financial instruments at September 30, 2018 and 2017.



WGL Holdings, Inc. Fair Value of Financial Instruments
	September 30, 2018				September 30, 2017
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Money market funds^(a)	$	117.9	$	117.9	$	11.8	$	11.8
Commercial paper ^(b)	$	587.5	$	585.7	$	505.0	$	505.0
Project financing ^(b)	$	82.2	$	82.2	$	54.8	$	54.8
Long-term debt^(c)	$	1,879.9	$	1,912.8	$	1,430.9	$	1,577.3



Washington Gas Light Company Fair Value of Financial Instruments
	September 30, 2018				September 30, 2017
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Money market funds^(a)	$	67.3	$	67.3	$	4.8	$	4.8
Commercial paper ^(b)	$	95.0	$	95.0	$	123.0	$	123.0
Project financing ^(b)	$	68.5	$	68.5	$	43.8	$	43.8
Long-term debt^(c)	$	1,084.9	$	1,120.2	$	1,134.5	$	1,271.0

^(a) The balance as of September 30, 2018 includes $52.9 million and $2.3 million money market funds located in Cash and Cash equivalent for WGL and Washington Gas, respectively ,and $20.2 million rabbi trust investments located in "Current Assets-Other", and $44.8 million rabbi trust investments located in "Deferred Charges and Other Assets-Other" of the accompanying balance sheets for both WGL and Washington Gas . The balance as of September 2017 is located in Cash and Cash Equivalent. The amounts in cash and cash equivalent may be offset by outstanding checks.

^(b) Balance is located in notes payable in the accompanying balance sheets.

^(c)Includes adjustments for current maturities and unamortized discounts, as applicable.

Balance sheet location of consolidated investments

The carrying amounts and classification of the consolidated VIEs’ assets and liabilities included in our consolidated balance sheet at September 30, 2018 and September 30, 2017 are as follows:



WGL Holdings, Inc.
Balance Sheet Location of Consolidated Investments
(in millions)	September 30, 2018		September 30, 2017
Current assets	$	12.5	$	4.4
Property, Plant and Equipment	248.8		121.7
Total assets	$	261.3	$	126.1
Current liabilities	0.9		0.2
Deferred credits	1.7		0.8
Total liabilities	$	2.6	$	1.0

Balance sheet location of unconsolidated investments

The following tables present summary information about our unconsolidated investments:



WGL Holdings, Inc.
Balance Sheet Location of Unconsolidated Investments
	Solar			Pipelines
(in millions)		Non-VIEs^(a)		VIEs^(b)		Non-VIEs^(c)		Total
September 30, 2018
Assets
Investments in unconsolidated affiliates		$	—	$	447.0	$	323.0	$	770.0
Total assets		$	—	$	447.0	$	323.0	$	770.0
September 30, 2017
Assets
Investments in unconsolidated affiliates		$	9.6	$	146.7	$	237.9	$	394.2
Total assets		$	9.6	$	146.7	$	237.9	$	394.2

(a)Balance relates to interest held in SFEE on September 30, 2017

(b)Balance relates to equity method investment in Meade.

(c)Balance relates to equity method investments in Constitution, Mountain Valley Pipeline and Stonewall System.

Summarized financial information equity method Investments

The amounts below represent the aggregate financial position and results of operations of 100 percent of each of WGL's equity method investments.



WGL Holdings, Inc.
Summarized Financial Statements
(in thousands)

As of September 30,	2018		2017
Current assets	$	1,298,488	$	236,622
Non-current assets	3,902,251		1,646,752
Total assets	$	5,200,739	$	1,883,374

Current liabilities	$	730,720	$	63,068
Non-current liabilities	6,445		166
Total liabilities	$	737,165	$	63,234

For the fiscal year ended September 30,	2018		2017		2016
Operating revenues	$	91,778	$	85,999	$	64,412
Operating income	64,160		47,580		26,580
Net income	157,760		64,685		33,161

WGL HOLDINGS INC 10-K