Duke Energy 2015 Annual Report Download - page 191

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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)
December 31, 2014
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 20 $ 13 $ 33
Total pretax realized or unrealized gains (losses) included in earnings — (7) (7)
Purchases, sales, issuances and settlements:
Purchases — 50 50
Sales (15) — (15)
Settlements — (54) (54)
Net transfers In (Out) of Level 3 due to observability of inputs — 6 6
Total losses included on the Consolidated Balance Sheet as regulatory assets or liabilities — (9) (9)
Balance at end of period $ 5 $ (1) $ 4
Pretax amounts included in the Consolidated Statements of Comprehensive Income related to Level 3 measurements outstanding $ — $(14) $ (14)
DUKE ENERGY CAROLINAS
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 $ 2,094 $1,922 $ — $ — $ 172
Nuclear decommissioning trust fund debt securities 944 246 698 —
Other available-for-sale debt securities 3 — — 3
Total assets 3,041 2,168 698 3 172
Derivative liabilities (45) — (45) —
Net assets $2,996 $2,168 $ 653 $ 3 $ 172
December 31, 2014
(in millions) Total Fair Value Level 1 Level 2 Level 3 Not categorized
Nuclear decommissioning trust fund equity securities $ 2,162 $2,005 $ 6 $ — $ 151
Nuclear decommissioning trust fund debt securities 870 138 732 —
Other trading and available-for-sale debt securities 3 — — 3
Total assets 3,035 2,143 738 3 151
Derivative liabilities (19) — (19) —
Net assets $ 3,016 $2,143 $ 719 $ 3 $ 151
The following tables provide a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements.
There was no change to the Level 3 balance during the year ended December 31, 2015.
December 31, 2014
(in millions) Investments
Derivatives
(net) Total
Balance at beginning of period $ 3 $ (2) $ 1
Settlements — 2 2
Balance at end of period $ 3 $ — $ 3