Duke Energy 2012 Annual Report Download - page 244

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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)
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
Accumulated post-retirement benefi t obligation at prior
measurement date $ 723 $326 $ 733 $352 $ 326 $ 66 $152
Service cost 7 2 11 5 5 1 1
Interest cost 35 16 41 20 18 3 7
Plan participants’ contributions 32 21 9 5 3 1 4
Actuarial (gains) losses (55) (12) 98 49 40 — (17)
Transfers — (1) — — — (2) —
Plan transfer — (1) — — — — —
Benefi ts paid (83) (44) (51) (24) (24) (8) (14)
Early retirement reinsurance program subsidy 3 2 — — — — (1)
Accrued retiree drug subsidy 5 3 — — — — 1
Accumulated post-retirement benefi t obligation at
measurement date $ 667 $312 $ 841 $ 407 $ 368 $ 61 $135
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ 186 $125 $ 33 $ — $ 33 $ 8 $ 14
Actual return on plan assets 4 2 3 — 4 — —
Benefi ts paid (83) (44) (51) (24) (24) (8) (14)
Employer contributions 42 16 43 19 21 8 10
Plan participants’ contributions 32 21 9 5 3 1 4
Plan assets at measurement date $ 181 $120 $ 37 $ — $ 37 $ 9 $ 14
(a) Progress Energy and Progress Energy Florida amounts refl ect assets that did not meet the defi nition of plan assets. These assets are included in Other within Investments and Other Assets on the Consolidated Balance Sheets.
Amounts Recognized in the Consolidated Balance Sheets: Other Post-Retirement Benefi t Plans
December 31, 2012
(in millions) Duke Energy
Duke Energy
Carolinas
Progress
Energy
Progress Energy
Carolinas
Progress
Energy Florida
Duke Energy
Ohio
Duke Energy
Indiana
Accrued post-retirement liability(a)(b)(c)(d)(e)(f)(g) $(1,596) $(182) $(1,128) $(612) $(413) $(41) $(119)
Regulatory assets $ 521 $ 17 $ 505 $ 291 $ 170 $ — $ 77
Regulatory liabilities $ 101 $ — $ — $ — $ — $ 18 $ 68
Accumulated other comprehensive (income) loss
Deferred income tax liability $2 $—$— $— $— $— $—
Prior service credit (3) — — — — — —
Net actuarial gain (2) — — — — — —
Net amounts recognized in accumulated other comprehensive
(income) loss
$ (3) $ — $ — $ — $ — $ — $ —
Amounts to be recognized in net periodic pension expense in
the next year
Unrecognized net actuarial loss (gain) $ 54 $ 3 $ 59 $ 37 $ 16 $ (1) $ —
Unrecognized prior service credit (15) (7) (4) (2) (1) — —