Duke Energy 2013 Annual Report Download - page 201

183
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
Change in Projected Benefit 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)
Benefits 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 Benefit Obligation at measurement date $ 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
Benefits 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
Funded status of plan $ (276) $ 123 $ (221) $ 25 $ (159) $ (81) $ (57)
Amounts Recognized in the Consolidated Balance Sheets
December 31, 2013
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Prefunded pension(a) $ 632 $ 287 $ 230 $ 158 $ 66 $ 2 $ 75
Noncurrent pension liability $— $ — $ 25 $ — $ — $ (4) $ 53
Net asset recognized $ 632 $ 287 $ 205 $ 158 $ 66 $ 6 $ 22
Regulatory assets $ 1,599 $ 377 $ 826 $ 363 $ 395 $ 48 $ 147
Accumulated other comprehensive (income) loss
Deferred income tax asset $ (41) $ — $ (9) $ — $ — $ — $ —
Prior service credit (5) — — — — — —
Net actuarial loss 121 — 21 — — — —
Net amounts recognized in accumulated other comprehensive loss(b) $ 75 $ — $ 12 $ — $ — $ — $ —
Amounts to be recognized in net periodic pension expense in the next year
Unrecognized net actuarial loss $ 149 $ 35 $ 71 $ 33 $ 32 $ 4 $ 7
Unrecognized prior service credit (15) (8) (4) (2) (1) — —