Duke Energy 2015 Annual Report Download - page 207

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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)
Reconciliation of Funded Status to Net Amount Recognized
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
Change in Projected Benefit Obligation
Obligation at prior measurement date $ 8,107 $2,053 $2,557 $1,187 $1,335 $ 469 $ 673
Obligation transferred with the Disposal Group (83) — — — — — —
Service cost 159 50 44 23 20 4 10
Interest cost 324 83 104 48 54 18 27
Actuarial gain (241) (53) (111) (46) (62) (9) (15)
Transfers — 8 4 7 (3) 8 —
Plan amendments (6) — — — — — (4)
Benefits paid (533) (146) (147) (76) (68) (37) (42)
Obligation at measurement date $ 7,727 $1,995 $2,451 $ 1,143 $1,276 $ 453 $ 649
Accumulated Benefit Obligation at measurement date $ 7,606 $1,993 $2,414 $1,143 $1,240 $ 442 $ 628
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ 8,498 $2,300 $2,722 $1,321 $1,363 $ 456 $ 681
Plan assets transferred with the Disposal Group (81) — — — — — —
Employer contributions 302 91 83 42 40 8 19
Actual return on plan assets (50) (10) (22) (10) (11) (2) (3)
Benefits paid (533) (146) (147) (76) (68) (37) (42)
Transfers — 8 4 7 (3) 8 —
Plan assets at measurement date $ 8,136 $2,243 $2,640 $1,284 $1,321 $ 433 $ 655
Funded status of plan $ 409 $ 248 $ 189 $ 141 $ 45 $ (20) $ 6
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
Change in Projected Benefit Obligation
Obligation at prior measurement date $ 7,510 $1,875 $ 2,739 $ 1,172 $1,233 $ 442 $ 632
Service cost 135 41 40 21 20 4 9
Interest cost 344 85 112 54 57 20 29
Actuarial loss(a) 618 132 211 98 105 41 41
Transfers — 37 (375) (61) (9) (6) —
Plan amendments (4) (1) — — — (1) —
Benefits paid (496) (116) (170) (97) (71) (31) (38)
Obligation at measurement date $ 8,107 $2,053 $ 2,557 $ 1,187 $1,335 $ 469 $ 673
Accumulated Benefit Obligation at measurement date $ 7,966 $ 2,052 $ 2,519 $ 1,187 $ 1,297 $ 459 $ 645
Change in Fair Value of Plan Assets
Plan assets at prior measurement date $ 8,142 $2,162 $ 2,944 $ 1,330 $1,299 $ 448 $ 654
Actual return on plan assets 852 217 300 149 144 45 65
Benefits paid (496) (116) (170) (97) (71) (31) (38)
Transfers — 37 (352) (61) (9) (6) —
Plan assets at measurement date $ 8,498 $2,300 $ 2,722 $ 1,321 $1,363 $ 456 $ 681
Funded status of plan $ 391 $ 247 $ 165 $ 134 $ 28 $ (13) $ 8
(a) Includes an increase in benefit obligation of $180 million as a result of changes in Duke Energy’s mortality assumptions.