Duke Energy 2015 Annual Report Download - page 194

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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 OHIO
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 are disclosed in Note 14.
December 31, 2015
(in millions) Total Fair Value Level 1 Level 2 Level 3
Derivative assets $ 3 $ — $ — $ 3
Derivative liabilities (7) — (7) —
Net assets (liabilities) $ (4) $ — $ (7) $ 3
December 31, 2014
(in millions) Total Fair Value Level 1 Level 2 Level 3
Derivative assets $ 49 $ 20 $ 9 $ 20
Derivative liabilities (181) (117) (26) (38)
Net assets (liabilities) $(132) $ (97) $ (17) $(18)
The following table provides a reconciliation of beginning and ending balances of assets and liabilities measured at fair value using Level 3 measurements.
Derivatives (net)
Years Ended December 31,
(in millions) 2015 2014
Balance at beginning of period $(18) $ (4)
Total pretax realized or unrealized gains (losses) included in earnings 21 (9)
Purchases, sales, issuances and settlements:
Purchases 51
Settlements (5) (13)
Net transfers In (Out) of Level 3 due to observability of inputs —6
Total gains included on the Consolidated Balance Sheet as regulatory assets or liabilities —1
Balance at end of period $ 3 $(18)
DUKE ENERGY INDIANA
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
Other available-for-sale equity securities $ 71 $ 71 $ — $ —
Other available-for-sale debt securities and other 30 2 28 —
Derivative assets 7 — — 7
Net assets (liabilities) $108 $ 73 $ 28 $ 7
December 31, 2014
(in millions) Total Fair Value Level 1 Level 2 Level 3
Other trading and available-for-sale equity securities $ 71 $ 71 $ — $ —
Other trading and available-for-sale debt securities and other 30 — 30 —
Derivative assets 14 — — 14
Net assets (liabilities) $ 115 $ 71 $ 30 $ 14