Duke Energy 2012 Annual Report Download - page 203

183
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY
CAROLINAS, INC. • FLORIDA POWER CORPORATION d/b/a PROGRESS ENERY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC
.
Combined Notes to Consolidated Financial Statements – (Continued)
The following tables provide a reconciliation of beginning and ending balances of assets and liabilities measured at fair value on a recurring basis where the
determination of fair value includes signifi cant unobservable inputs (Level 3).
Year Ended December 31, 2012
(in millions)
Available-for-Sale
Auction Rate
Securities
Available-for-Sale
NDTF
Investments
Derivatives
(net) Total
Balance at December 31, 2011 $ 71 $ 53 $ (39) $ 85
Amounts acquired in Progress Energy Merger — — (30) (30)
Total pre-tax realized or unrealized gains (losses) included in earnings:
Regulated electric — — 23 23
Revenue, nonregulated electric, natural gas, and other — — (15) (15)
Total pre-tax gains included in other comprehensive income:
Gains on available for sale securities and other 13 — — 13
Purchases, sales, issuances and settlements:
Purchases — 14 22 36
Sales — (2) — (2)
Issuances — — (15) (15)
Settlements (55) — (32) (87)
Total gains included on the Consolidated Balance Sheet as regulatory asset or liability — 4 1 5
Balance at December 31, 2012 $ 29 $ 69 $ (85) $ 13
Pre-tax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3
measurements outstanding at December 31, 2012
Regulated electric $ — $ — $ (24) (24)
Revenue, nonregulated electric, natural gas, and other — — 1 1
Total $ — $ — $ (23) $(23)
Year Ended December 31, 2011
(in millions)
Available-for-Sale
Auction Rate
Securities
Available-for-Sale
NDTF
Investments
Derivatives
(net) Total
Balance at December 31, 2010 $118 $ 47 $(19) $146
Total pre-tax realized or unrealized gains (losses) included in earnings:
Regulated electric — — 13 13
Revenue, nonregulated electric, natural gas, and other — — (27) (27)
Total pre-tax gains included in other comprehensive income:
Gains on available for sale securities and other 12 — — 12
Purchases, sales, issuances and settlements:
Purchases — 8 8 16
Sales — (3) — (3)
Settlements (16) — (16) (32)
Total gains included on the Consolidated Balance Sheet as regulatory asset or liability — 1 2 3
Transfers out of Level 3 (43) — — (43)
Balance at December 31, 2011 $ 71 $ 53 $(39) $ 85
Pre-tax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3
measurements outstanding at December 31, 2011
Revenue, nonregulated electric, natural gas, and other — — (20) (20)
Total $ — $— $(20) $ (20)