SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Statements, Captions [Line Items]

The annual maturities of debt as of December 31, 2025 are as follows:


(In millions of USD)
2026	$	637
2027	1,575
2028	679
2029	75
2030	700
2031 and thereafter	4,852
Total	$	8,518

Restrictions on Cash and Cash Equivalents

SUPPLEMENTAL FINANCIAL INFORMATION

Reconciliation of Cash, Cash Equivalents and Restricted Cash

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


	December 31,
(In millions of USD)	2025		2024		2023
Cash and cash equivalents	$	13	$	19	$	328
Restricted cash included in other non-current assets	26		8		5
Total cash, cash equivalents and restricted cash	$	39	$	27	$	333

Supplementary Cash Flow Information


	Year Ended December 31,
(In millions of USD)	2025		2024		2023

Interest paid (net of interest capitalized)	$	370	$	340	$	296
Income taxes paid net of refunds:
Federal income taxes paid to ITC Investment Holdings	43		47		42
Michigan income taxes paid to ITC Investment Holdings	5		6		7
Income taxes paid directly to various state jurisdictions	2		1		—
Total income taxes paid	50		54		49
Non-cash investing and financing activities:
Additions to property, plant and equipment (a)	155		153		130
Allowance for equity funds used during construction	44		44		43

Other	7		—		1

____________________________

(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 December 31, 2025, 2024 or 2023, 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

Condensed Financial Statements, Captions [Line Items]

Schedule of Maturities of Debt

As of December 31, 2025, the maturities of our debt outstanding were as follows:


(In millions of USD)
2026	$	637
2027	1,400
2028	—
2029	—
2030	700
2031 and thereafter	1,400
Total	$	4,137

Restrictions on Cash and Cash Equivalents

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


	December 31,
(In millions of USD)	2025		2024		2023
Cash and cash equivalents	$	8	$	16	$	325
Restricted cash included in other non-current assets	3		1		1
Total cash, cash equivalents and restricted cash	$	11	$	17	$	326

Supplementary Cash Flow Information

Supplementary Cash Flows Information


	Year Ended December 31,
(In millions of USD)	2025		2024		2023
Interest paid	$	182	$	176	$	150
Income taxes paid net of refunds:
Federal income taxes paid to ITC Investment Holdings	43		47		42
Michigan income taxes paid to ITC Investment Holdings	5		6		7
Income taxes paid directly to various state jurisdictions	2		1		—
Total income taxes paid	50		54		49

ITC Holdings Corp. 10-K