Duke Energy 2011 Annual Report Download - page 107

PART II
DUKE ENERGY CAROLINAS, LLC
Consolidated Statements of Member’s Equity and Comprehensive Income
Accumulated Other Comprehensive Income (Loss)
(In millions)
Member’s
Equity
Net Gains
(Losses) on
Cash Flow
Hedges Other Total
Balance at December 31, 2008 $7,349 $(27) $ (6) $7,316
Net income 702 — — 702
Other Comprehensive income (loss)
Reclassification into earnings from cash flow hedges(a) —3—3
Unrealized loss on investments in auction rate securities(b) ——(3)(3)
Total comprehensive income 702
Advance forgiveness from parent 3 — — 3
Capital contribution from parent 250 — — 250
Balance at December 31, 2009 $8,304 $(24) $ (9) $8,271
Net income 838 — — 838
Other comprehensive income
Reclassification into earnings from cash flow hedges(a) —4—4
Unrealized gain on investments in auction rate securities(b) ——77
Total comprehensive income 849
Allocation of net pension and other post-retirement assets from parent 146 — — 146
Distributions to parent (350) — — (350)
Balance at December 31, 2010 $8,938 $(20) $ (2) $8,916
Net income 834 — — 834
Other comprehensive income —
Reclassification into earnings from cash flow hedges(a) —3—3
Total comprehensive income — — — 837
Distributions to parent (299) — — (299)
Balance at December 31, 2011 $9,473 $(17) $(2) $9,454
(a) Net of $2 tax expense in 2011, 2010 and 2009.
(b) Net of $5 tax expense in 2010 and $3 tax benefit in 2009.
See Notes to Consolidated Financial Statements
87