Duke Energy 2014 Annual Report Download - page 210

190
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)
Amounts Recognized in the Consolidated Balance Sheets
December 31, 2014
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Prefunded pension(a) $ 441 $ 247 $ 165 $ 134 $ 28 $ — $ 8
Non-current pension liability(b) $50 $— $— $— $— $13 $—
Net asset recognized $ 391 $ 247 $ 165 $ 134 $ 28 $ (13) $ 8
Regulatory assets $ 1,711 $ 407 $ 753 $ 346 $ 406 $ 65 $ 151
Accumulated other comprehensive (income) loss
Deferred income tax asset $ (51) $ — $ (11) $ — $ — $ — $ —
Prior service credit (5) — — — — — —
Net actuarial loss 140 — 21 — — — —
Net amounts recognized in accumulated other comprehensive loss(c) $84 $— $10 $— $— $— $—
Amounts to be recognized in net periodic pension expense in the next year
Unrecognized net actuarial loss $ 166 $ 39 $ 65 $ 34 $ 31 $ 6 $ 14
Unrecognized prior service credit (15) (8) (3) (2) (1) — —
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
Non-current pension liability(b) $ — $ — $ 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(c) $75 $— $12 $— $— $— $—
(a) Included in Other within Investments and Other Assets on the Consolidated Balance Sheets.
(b) Included in Accrued pension and other post-retirement benefi t costs on the Consolidated Balance Sheets.
(c) Excludes accumulated other comprehensive income of $22 million and $16 million as of 2014 and 2013, respectively, net of tax, associated with a Brazilian retirement plan.
Information for Plans with Accumulated Benefi t Obligation in Excess of Plan Assets
December 31, 2014
(in millions)
Duke
Energy
Duke
Energy
Ohio
Projected benefi t obligation $ 702 $ 315
Accumulated benefi t obligation 672 306
Fair value of plan assets 652 302