Duke Energy 2013 Annual Report Download - page 205
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187
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 $ 160 $ 18 $177 $ 39 $ 44 $ 4 $ 5
Obligation assumed from acquisition 172 — — — — — —
Service cost 2 — 2 1 — — —
Interest cost 12 1 8 1 2 — —
Actuarial losses 18 — 11 3 3 — —
Plan amendments (5) — (12) (4) (2) — —
Transfers — 1 — — — — —
Benefits paid (24) (4) (10) (2) (2) — —
Obligation at measurement date $ 335 $ 16 $176 $ 38 $ 45 $ 4 $ 5
Accumulated Benefit Obligation at measurement date $ 332 $ 16 $175 $ 36 $ 44 $ 4 $ 5
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ — $ — $ — $— $ — $ — $ —
Benefits paid (24) (4) (10) (2) (3) — —
Employer contributions 24 4 10 2 3 — —
Plan assets at measurement date $ — $ — $ — $— $ — $— $ —
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
Current pension liability(a) $ 30 $ 2 $ 11 $ 2 $ 3 $— $—
Noncurrent pension liability 274 13 129 32 36 3 5
Total accrued pension liability $ 304 $ 15 $ 140 $ 34 $ 39 $ 3 $ 5
Regulatory assets $ 45 $ 4 $ 18 $ 3 $ 6 $— $ —
Regulatory liabilities $ 7 $ — $ — $— $— $— $ —
Accumulated other comprehensive (income) loss
Deferred income tax asset $ — $ — $ (3) $— $— $— $ —
Prior service credit (1) — — — — — —
Net actuarial loss 1 — 7 — — — —
Net amounts recognized in accumulated other comprehensive loss $— $ — $ 4 $— $— $— $ —
Amounts to be recognized in net periodic pension expense in the next year
Unrecognized net actuarial loss $ 5 $ — $ 2 $ 1 $ — $ — $ —
Unrecognized prior service credit (1) — (1) (1) — — —