Duke Energy 2015 Annual Report Download - page 211
Download and view the complete annual report
Please find page 211 of the 2015 Duke Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213 -
214 -
215 -
216 -
217 -
218 -
219 -
220 -
221 -
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
 |
 |
191
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 $ 337 $ 16 $ 116 $ 35 $ 61 $ 4 $ 5
Service cost 3 — 1 — — — —
Interest cost 13 1 4 1 2 — —
Actuarial losses (gains) 10 1 (1) — (14) — —
Transfers 4 — — — — — —
Benefits paid (26) (2) (8) (3) (3) — —
Obligation at measurement date $ 341 $ 16 $ 112 $ 33 $ 46 $ 4 $ 5
Accumulated Benefit Obligation at measurement date $ 336 $ 16 $ 112 $ 33 $ 46 $ 4 $ 5
Change in Fair Value of Plan Assets
Plan assets at prior measurement date — — — — — — —
Benefits paid (26) (2) (8) (3) (3) — —
Employer contributions 26 2 8 3 3 — —
Plan assets at measurement date $ — $ — $ — $ — $ — $ — $ —
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 $ 304 $ 15 $ 140 $ 34 $ 39 $ 3 $ 5
Service cost 3 — 1 1 — — —
Interest cost 14 1 5 1 2 — —
Actuarial losses(a) 43 2 11 2 20 1 1
Settlements — — — — — — —
Plan amendments — — — — — — —
Transfers — — (32) — 4 — —
Benefits paid (27) (2) (9) (3) (4) — (1)
Obligation at measurement date $ 337 $ 16 $ 116 $ 35 $ 61 $ 4 $ 5
Accumulated Benefit Obligation at measurement date $ 333 $ 15 $ 116 $ 35 $ 61 $ 4 $ 5
Change in Fair Value of Plan Assets
Plan assets at prior measurement date — — — — — — —
Benefits paid (27) (2) (9) (3) (4) — (1)
Employer contributions 27 2 9 3 4 — 1
Plan assets at measurement date $ — $ — $ — $ — $ — $ — $ —
(a) Includes an increase in benefit obligation of $21 million as a result of changes in Duke Energy’s mortality assumptions.