Duke Energy 2013 Annual Report Download - page 199

181
PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, INC. • DUKE ENERGY FLORIDA, INC. • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Year Ended December 31, 2012
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Service cost $ 122 $ 35 $ 63 $ 25 $ 30 $ 6 $ 9
Interest cost on projected benefit obligation 307 90 127 58 56 31 30
Expected return on plan assets (472) (146) (188) (96) (81) (45) (46)
Amortization of actuarial loss 144 45 93 37 48 10 15
Amortization of prior service cost (credit) 10 1 9 8 (1) 1 1
Other 6 2 2 1 1 — —
Net periodic pension costs(a)(b) $ 117 $ 27 $ 106 $ 33 $ 53 $ 3 $ 9
Year Ended December 31, 2011
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Service cost $ 96 $ 37 $ 51 $ 20 $ 24 $ 7 $ 11
Interest cost on projected benefit obligation 232 85 132 61 57 32 30
Expected return on plan assets (384) (150) (182) (91) (78) (44) (45)
Amortization of actuarial loss 77 37 66 25 33 7 14
Amortization of prior service cost 6 1 7 6 —1 2
Other 18 7 — — — 2 2
Net periodic pension costs(a)(b) $ 45 $ 17 $ 74 $ 21 $ 36 $ 5 $ 14
(a) Duke Energy amounts exclude $12 million, $14 million and $14 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.
(b) Duke Energy Ohio amounts exclude $6 million, $6 million and $7 million for the years ended December 2013, 2012, and 2011, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets
Year Ended December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Regulatory assets, net decrease $(788) $(205) $(253) $(109) $(146) $(96) $(99)
Accumulated other comprehensive (income) loss
Deferred income tax benefit $ 18 $ — $ — $ — $ — $ — $ —
Actuarial gains arising during the year (33) — (2) — — — —
Prior year service credit arising during the year (1) — — — — — —
Amortization of prior year actuarial losses (15) — (3) — — — —
Reclassification of actuarial losses to regulatory assets 3 — — — — — —
Net amount recognized in accumulated other comprehensive income $ (28) $ — $ (5) $ — $ — $ — $ —