Duke Energy 2015 Annual Report Download - page 206

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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)
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
Service cost $ 135 $ 41 $ 40 $ 21 $ 20 $ 4 $ 9
Interest cost on projected benefit obligation 344 85 112 54 57 20 29
Expected return on plan assets (511) (132) (173) (85) (85) (27) (41)
Amortization of actuarial loss 150 36 68 32 32 4 13
Amortization of prior service credit (15) (8) (3) (2) (1) — —
Other 8 2 3 1 1 —1
Net periodic pension costs(a)(b) $ 111 $ 24 $ 47 $ 21 $ 24 $ 1 $ 11
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
Service cost $ 167 $ 49 $ 60 $ 22 $ 30 $ 6 $ 11
Interest cost on projected benefit obligation 320 80 116 50 53 21 28
Expected return on plan assets (549) (148) (199) (94) (87) (31) (46)
Amortization of actuarial loss 244 60 101 46 49 13 24
Amortization of prior service (credit) cost (11) (6) (4) (1) (2) — 1
Other 7 2 2 1 1 —1
Net periodic pension costs(a)(b) $ 178 $ 37 $ 76 $ 24 $ 44 $ 9 $ 19
(a) Duke Energy amounts exclude $9 million, $10 million, and $12 million for the years ended December 2015, 2014, and 2013, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.
(b) Duke Energy Ohio amounts exclude $4 million, $5 million, and $6 million for the years ended December 2015, 2014, and 2013, respectively, of regulatory asset amortization resulting from purchase accounting adjustments
associated with Duke Energy’s merger with Cinergy in April 2006.
Amounts Recognized in Accumulated Other Comprehensive Income and Regulatory Assets
Year Ended December 31, 2015
(in millions)
Duke
Energy
Duke
Energy
Carolinas
Progress
Energy
Duke
Energy
Progress
Duke
Energy
Florida
Duke
Energy
Ohio
Duke
Energy
Indiana
Regulatory assets, net increase $ 173 $ 65 $ 18 $ 14 $ 4 $ 14 $ 11
Accumulated other comprehensive loss (income)
Deferred income tax expense $ 6 $ — $ 5 $ — $ — $ — $ —
Actuarial losses arising during the year 4 — — — — — —
Amortization of prior year service credit 1 — — — — — —
Amortization of prior year actuarial losses (11) — (4) — — — —
Transfer with the disposal group 3 — — — — — —
Reclassification of actuarial losses to regulatory assets (6) — — — — — —
Net amount recognized in accumulated other comprehensive income $ (3) $ — $ 1 $ — $ — $ — $ —
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
Regulatory assets, net increase (decrease) $ 112 $ 30 $ (73) $ (17) $ 11 $ 17 $ 4
Accumulated other comprehensive (income) loss
Deferred income tax expense $ (10) $ — $ (2) $ — $ — $ — $ —
Actuarial losses arising during the year 29 — — — — — —
Prior year service credit arising during the year — — — — — — —
Amortization of prior year actuarial losses (9) — — — — — —
Reclassification of actuarial losses to regulatory assets (1) — — — — — —
Net amount recognized in accumulated other comprehensive income $ 9 $ — $ (2) $ — $ — $ — $ —