Duke Energy 2014 Annual Report Download - page 213
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193
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)
Reconciliation of Funded Status to Net Amount Recognized
Year Ended December 31, 2014
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Change in Projected Benefi t Obligation
Obligation at prior measurement date $ 304 $ 15 $140 $ 34 $ 39 $ 3 $ 5
Service cost 3—1 1———
Interest cost 14 1 5 1 2 — —
Actuarial losses(a) 43 2 11 2 20 1 1
Settlements ———————
Plan amendments ———————
Transfers — — (32) — 4 — —
Benefi ts paid (27) (2) (9) (3) (4) — (1)
Obligation at measurement date $ 337 $ 16 $116 $ 35 $ 61 $ 4 $ 5
Accumulated Benefi t Obligation at measurement date $ 333 $ 15 $116 $ 35 $ 61 $ 4 $ 5
Change in Fair Value of Plan Assets
Plan assets at prior measurement date ———————
Benefi ts paid (27) (2) (9) (3) (4) — (1)
Employer contributions 27 2 9 3 4 — 1
Plan assets at measurement date $— $— $— $— $— $— $—
(a) Includes an increase in benefi t obligation of $21 million as a result of changes in Duke Energy’s mortality assumptions.
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 Benefi t Obligation
Obligation at prior measurement date $ 335 $ 16 $176 $ 38 $ 45 $ 4 $ 5
Service cost 3 — 1 1 — — —
Interest cost 13 1 7 1 1 — —
Actuarial (gains) losses (15) 1 (11) (3) (3) (1) —
Settlements (5) — — — — — —
Plan amendments (1) — — — — — —
Transfers — — (21) — — — —
Benefi ts paid (26) (3) (12) (3) (4) — —
Obligation at measurement date $ 304 $ 15 $140 $ 34 $ 39 $ 3 $ 5
Accumulated Benefi t Obligation at measurement date $ 302 $ 15 $140 $ 34 $ 39 $ 3 $ 5
Change in Fair Value of Plan Assets
Plan assets at prior measurement date — — — — — — —
Benefi ts paid (26) (3) (12) (3) (4) — —
Employer contributions 26 3 12 3 4 — —
Plan assets at measurement date $ — $ — $ — $ — $ — $— $ —