Allegheny Power 2010 Annual Report Download - page 82

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67
(F) COMPREHENSIVE INCOME
Comprehensive income includes net income as reported on the Consolidated Statements of Income and all other
changes in common stockholders' equity except those resulting from transactions with stockholders and adjustments
relating to noncontrolling interests. Accumulated other comprehensive income (loss), net of tax, included on FE's, FES'
and the Utilities' Consolidated Balance Sheets as of December 31, 2010 and 2009, is comprised of the following:
Accumulated Other Comprehensive
Income (Loss) FE FES OE CEI TE JCP&L Met-Ed Penelec
(In millions)
Net liability for unfunded retirement benefits $ (1,492) $ (127) $ (180) $ (153) $ (49) $ (253) $ (141) $ (164)
Unrealized gain on investments 7 6 1 - - - - -
Unrealized gain (loss) on derivative hedges (54) 1 - - - (1) (1) -
A
OCL Balance, December 31, 2010 $ (1,539) $ (120) $ (179) $ (153) $ (49) $ (254) $ (142) $ (164)
Net liability for unfunded retirement benefits $ (1,341) $ (91) $ (164) $ (138) $ (50) $ (242) $ (143) $ (162)
Unrealized gain on investments 2 2 - - - - - -
Unrealized loss on derivative hedges (76) (14) - - - (1) (1) -
A
OCL Balance, December 31, 2009 $ (1,415) $ (103) $ (164) $ (138) $ (50) $ (243) $ (144) $ (162)
Other comprehensive income (loss) reclassified to net income during the three years ended December 31, 2010, 2009
and 2008 was as follows:
2010 FE FES OE CEI TE JCP&L Met-Ed Penelec
(In millions)
Pension and other postretirement
benefits $ (67) $ (3) $ 1 $ (13) $ (3) $ (16) $ (9) $ (7)
Gain on investments 54 50 2 - 2 - - -
Loss on derivative hedges (35) (24) - - - - - -
(48) 23 3 (13) (1) (16) (9) (7)
Income taxes (benefits) related to
reclassification to net income (19) 8 1 (5) - (6) (4) (3)
Reclassification to net income $ (29) $ 15 $ 2 $ (8) $ (1) $ (10) $ (5) $ (4)
2009
Pension and other postretirement
benefits $ (78) $ (3) $ (5) $ (11) $ (2) $ (18) $ (11) $ (5)
Gain on investments 157 139 10 - 7 - - -
Loss on derivative hedges (67) (27) - - - - - -
12 109 5 (11) 5 (18) (11) (5)
Income taxes (benefits) related to
reclassification to net income 4 41 2 (4) 2 (8) (5) (2)
Reclassification to net income $ 8 $ 68 $ 3 $ (7) $ 3 $ (10) $ (6) $ (3)
2008
Pension and other postretirement
benefits $ 80 $ 7 $ 16 $ 1 $ - $ 14 $ 9 $ 14
Gain on investments 40 31 9 - 1 - - -
Loss on derivative hedges (19) (3) - - - - - -
101 35 25 1 1 14 9 14
Income taxes related to
reclassification to net income 41 14 10 - - 6 4 6
Reclassification to net income $ 60 $ 21 $ 15 $ 1 $ 1 $ 8 $ 5 $ 8