Duke Energy 2015 Annual Report Download - page 190

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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)
DUKE ENERGY
The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets.
Derivative amounts in the table below exclude cash collateral which is disclosed in Note 14. See Note 15 for additional information related to investments by major
security type.
December 31, 2015
(in millions) Total Fair Value Level 1 Level 2 Level 3 Not categorized
Nuclear decommissioning trust fund equity securities $ 3,590 $3,418 $ — $ — $ 172
Nuclear decommissioning trust fund debt securities 2,227 672 1,555 —
Other available-for-sale equity securities 95 95 — — —
Other available-for-sale debt securities 302 75 222 5
Derivative assets 26 — 16 10
Total assets 6,240 4,260 1,793 15 172
Derivative liabilities (419) — (419) —
Net assets $ 5,821 $4,260 $1,374 $ 15 $ 172
December 31, 2014
(in millions) Total Fair Value Level 1 Level 2 Level 3 Not categorized
Nuclear decommissioning trust fund equity securities $ 3,650 $ 3,493 $ 6 $ — $ 151
Nuclear decommissioning trust fund debt securities 1,899 648 1,251 —
Other trading and available-for-sale equity securities 96 96 — — —
Other trading and available-for-sale debt securities 263 41 217 5
Derivative assets 110 49 24 37
Total assets 6,018 4,327 1,498 42 151
Derivative liabilities (668) (162) (468) (38)
Net assets $ 5,350 $ 4,165 $1,030 $ 4 $ 151
The following tables provide reconciliations of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements.
Amounts included in earnings for derivatives are primarily included in Operating Revenues.
December 31, 2015
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 5 $ (1) $ 4
Total pretax realized or unrealized gains (losses) included in earnings — 21 21
Purchases, sales, issuances and settlements:
Purchases — 24 24
Sales — (1) (1)
Settlements — (37) (37)
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities — 4 4
Balance at end of period $ 5 $ 10 $ 15