Duke Energy 2015 Annual Report Download - page 185

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PART II
DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. •
DUKE ENERGY PROGRESS, LLC • DUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, INC.
Combined Notes to Consolidated Financial Statements – (Continued)
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows.
Years Ended December 31,
(in millions) 2015 2014 2013
Realized gains $158 $ 109 $ 115
Realized losses 83 93 12
PROGRESS ENERGY
The following table presents the estimated fair value of investments in available-for-sale securities.
December 31, 2015 December 31, 2014
(in millions)
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses(b)
Estimated
Fair
Value
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses(b)
Estimated
Fair
Value
NDTF
Cash and cash equivalents $ — $ — $ 145 $ — $ — $ 85
Equity securities 802 31 1,496 824 12 1,488
Corporate debt securities 4 3 140 6 — 138
Municipal bonds 4 1 152 4 — 122
U.S. government bonds 8 2 816 12 1 670
Other debt securities — — 30 — — 14
Total NDTF(c) $ 818 $ 37 $ 2,779 $ 846 $ 13 $ 2,517
Other Investments
Cash and cash equivalents $ — $ — $ 18 $ — $ — $ 15
Municipal bonds 3 — 45 3 — 43
Total Other Investments(a) $ 3 $ — $ 63 $ 3 $ — $ 58
Total Investments $ 821 $ 37 $ 2,842 $ 849 $ 13 $ 2,575
(a) These amounts are recorded in Other within Investments and Other Assets on the Consolidated Balance Sheets.
(b) Substantially all these amounts are considered other-than-temporary impairments on investments within Investment Trusts that have been recognized immediately as a regulatory asset.
(c) The increase in estimated fair value of the NDTF as of December 31, 2015, is primarily due to NDTF assets acquired with the purchase of NCEMPA’s ownership interest in certain generating assets and the NDTF assets
acquired in a settlement with FMJO. This is partially offset due to reimbursements from the NDTF for Duke Energy Florida’s costs related to ongoing decommissioning activity of the Crystal River Unit 3 Nuclear Plant. Refer to
Note 2 for further information.
The table below summarizes the maturity date for debt securities.
(in millions) December 31, 2015
Due in one year or less $ 94
Due after one through five years 496
Due after five through 10 years 254
Due after 10 years 339
Total $ 1,183
Realized gains and losses, which were determined on a specific identification basis, from sales of available-for-sale securities were as follows.
Years Ended December 31,
(in millions) 2015 2014 2013
Realized gains $ 33 $ 157 $ 90
Realized losses 13 11 46