Duke Energy 2012 Annual Report Download - page 233

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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)
Reconciliation of Funded Status to Net Amount Recognized: Qualifi ed Pension Plans
Year Ended December 31, 2012
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Change in Projected Benefi t Obligation
Obligation at prior measurement date $4,880 $1,831 $2,729 $1,263 $ 1,179 $ 627 $613
Obligation assumed from acquisition 2,850 — — — — — —
Service cost 122 35 63 25 30 6 9
Interest cost 307 90 127 58 56 31 30
Actuarial losses 489 73 166 34 120 68 76
Transfers — 176 — — — (167) —
Plan amendments (170) (52) (64) (43) (10) — (1)
Benefi ts paid (448) (125) (153) (73) (66) (38) (43)
Obligation at measurement date $8,030 $2,028 $2,868 $1,264 $1,309 $ 527 $684
Accumulated Benefi t Obligation at December 31 $7,843 $2,028 $2,820 $1,264 $ 1,261 $ 501 $653
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $4,741 $1,820 $2,191 $1,091 $ 969 $ 565 $582
Assets received from acquisition 2,285 — — — — — —
Actual return on plan assets 872 280 263 130 119 86 88
Benefi ts paid (448) (125) (153) (73) (66) (38) (43)
Transfers — 176 — — — (167) —
Employer contributions 304 — 346 141 128 — —
Plan assets at measurement date $7,754 $2,151 $2,647 $1,289 $ 1,150 $ 446 $627
Year Ended December 31, 2011
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Change in Projected Benefi t Obligation
Obligation at prior measurement date $4,861 $1,786 $2,450 $1,155 $ 1,043 $ 651 $628
Service cost 96 37 51 20 24 7 11
Interest cost 232 85 132 61 57 32 30
Actuarial (gains) losses (7) 20 221 81 110 (9) (11)
Transfers — (5) — — — (17) 1
Plan amendments 18 13 — — — — (1)
Settlement and contractual termination benefi t cost — — (6) — — — —
Benefi ts paid (320) (105) (119) (54) (55) (37) (45)
Obligation at measurement date $4,880 $1,831 $2,729 $1,263 $ 1,179 $ 627 $613
Accumulated Benefi t Obligation at December 31 $4,661 $1,787 $2,692 $1,263 $ 1,142 $ 602 $582
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $4,797 $1,837 $1,891 $ 884 $ 871 $ 565 $565
Actual return on plan assets 64 60 91 44 41 6 9
Benefi ts paid (320) (105) (125) (54) (55) (37) (45)
Transfers — (5) — — — (17) 1
Employer contributions 200 33 334 217 112 48 52
Plan assets at measurement date $4,741 $1,820 $2,191 $1,091 $ 969 $ 565 $582