Duke Energy 2013 Annual Report Download - page 210

192
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
Accumulated post-retirement benefit obligation at prior measurement date $ 667 $ 312 $ 841 $ 407 $ 368 $ 61 $ 135
Obligation assumed from acquisition 977 — — — — — —
Service cost 16 2 17 8 7 1 1
Interest cost 56 15 43 23 18 3 6
Plan participants’ contributions 41 18 13 5 7 4 8
Actuarial gains 198 28 291 205 49 3 (2)
Transfers — 9 — — — (16) —
Benefits paid (105) (38) (61) (24) (33) (8) (13)
Special termination benefit cost 9 1 5 2 1 — —
Plan amendments (70) (33) (25) (16) (6) — —
Accrued retiree drug subsidy 5 2 4 2 2 — 1
Accumulated post-retirement benefit obligation at
measurement date $ 1,794 $ 316 $ 1,128 $ 612 $ 413 $ 48 $ 136
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ 181 $ 120 $ 37 $ — $ 37 $ 9 $ 14
Actual return on plan assets 23 12 2 — 2 1 2
Benefits paid (105) (38) (61) (24) (33) (8) (13)
Transfers(a) — 5 (39) — (39) (3) —
Employer contributions 58 17 48 19 26 4 6
Plan participants’ contributions 41 18 13 5 7 4 8
Plan assets at measurement date $ 198 $ 134 $ — $ — $ — $ 7 $ 17
(a) Progress Energy and Duke Energy Florida amounts reflect assets that did not meet the definition 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
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 post-retirement liability(a) $ 39 $ — $ 36 $ 17 $ 16 $ 2 $ —
Noncurrent post-retirement liability 853 122 497 216 237 32 100
Total accrued post-retirement liability $ 892 $122 $ 533 $ 233 $ 253 $ 34 $100
Regulatory assets $(162) $ (34) $(129) $ (97) $ 4 $— $ 71
Regulatory liabilities $ 131 $ — $ — $ — $ — $ 21 $ 77
Accumulated other comprehensive (income) loss
Deferred income tax liability $ 4 $ — $ — $ — $ — $— $ —
Prior service credit (5) — — — — — —
Net actuarial gain (6) — — — — — —
Net amounts recognized in accumulated other comprehensive income $ (7) $ — $ — $ — $ — $— $ —
Amounts to be recognized in net periodic pension expense in the next year
Unrecognized net actuarial loss (gain) $ 38 $ 3 $ 46 $ 30 $ 10 $ (2) $ (6)
Unrecognized prior service credit (125) (10) (112) (73) (21) — —