Duke Energy 2013 Annual Report Download - page 209

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191
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
Regulatory assets, net increase (decrease) $484 $ (20) $ 228 $170 $ 28 $ — $ (6)
Regulatory liabilities, net decrease $ (6) $ — $ — $ — $ — $ (1) $ (2)
Accumulated other comprehensive (income) loss
Deferred income tax expense $ (2) $ — $ — $ — $ — $ (4) $ —
Reclassification of actuarial losses to an affiliate — — — — — 6 —
Actuarial losses arising during the year — — — — — 2 —
Prior year service cost arising during the year — — — — — 1 —
Amortization of prior year actuarial loss — — — — — 1 —
Reclassification of actuarial gains to regulatory liabilities 4 — — — — — —
Net amount recognized in accumulated other comprehensive loss $ 2 $ — $ — $ — $ — $ 6 $ —
Reconciliation of Funded Status to Accrued Other Post-Retirement Benefit Costs
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
Change in Projected Benefit Obligation
Accumulated post-retirement benefit obligation at prior measurement date $ 1,794 $ 316 $ 1,128 $ 612 $413 $ 48 $ 136
Service cost 24 2 18 9 7 1 1
Interest cost 68 13 41 22 16 2 5
Plan participants’ contributions 47 15 14 6 7 3 3
Actuarial gains (227) (32) (156) (73) (70) (6) (12)
Transfers — — (1) (8) — — —
Benefits paid (132) (36) (60) (26) (31) (6) (14)
Plan amendments (476) (16) (455) (311) (91) — (3)
Accrued retiree drug subsidy 8 3 4 2 2 — 2
Accumulated post-retirement benefit obligation at measurement date $ 1,106 $ 265 $ 533 $ 233 $253 $ 42 $ 118
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ 198 $ 134 $ — $ — $ — $ 7 $ 17
Actual return on plan assets 18 13 — — — 2 2
Benefits paid (132) (36) (60) (26) (31) (6) (14)
Transfers(a) — (1) — — — — —
Employer contributions 83 18 46 20 24 2 10
Plan participants’ contributions 47 15 14 6 7 3 3
Plan assets at measurement date $ 214 $ 143 $ — $ — $ — $ 8 $ 18