Duke Energy 2015 Annual Report Download - page 214

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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 $ 10 $ 2 $ 4 $ 1 $ 3 $ — $ 1
Interest cost on accumulated post-retirement benefit obligation 49 12 22 11 12 2 5
Expected return on plan assets (13) (9) — — — — (1)
Amortization of actuarial loss (gain) 39 3 42 31 10 (2) —
Amortization of prior service credit (125) (11) (95) (73) (21) — —
Net periodic post-retirement benefit costs(a)(b) $ (40) $ (3) $(27) $(30) $ 4 $ — $ 5
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 $ 24 $ 2 $ 18 $ 9 $ 7 $ 1 $ 1
Interest cost on accumulated post-retirement benefit obligation 68 13 41 22 16 2 5
Expected return on plan assets (14) (11) — — — (1) (1)
Amortization of actuarial loss (gain) 52 3 57 34 16 (1) 1
Amortization of prior service credit (41) (7) (30) (20) (6) (1) —
Net periodic post-retirement benefit costs(a)(b) $ 89 $ — $ 86 $ 45 $ 33 $ — $ 6
(a) Duke Energy amounts exclude $10 million, $9 million, and $8 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 $3 million, $2 million, and $2 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 and Liabilities
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 (decrease) $ 1 $ — $ 1 $ — $ 1 $ — $ (7)
Regulatory liabilities, net increase (decrease) $ (92) $ (8) $ (71) $ (36) $ (35) $ 2 $ (8)
Accumulated other comprehensive (income) loss
Deferred income tax benefit $ 2 $ — $ (1) $ — $ — $ — $ —
Actuarial losses (gains) arising during the year (5) — 2 — — — —
Transfer with the disposal group (3) — — — — — —
Amortization of prior year prior service credit 3 — (1) — — — —
Net amount recognized in accumulated other comprehensive income $ (3) $ — $ — $ — $ — $ — $ —
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) $ 162 $ 34 $ 129 $ 97 $ (4) $ — $ (7)
Regulatory liabilities, net increase (decrease) $ 249 $ 76 $ 122 $ 61 $ 61 $ (2) $ 14
Accumulated other comprehensive (income) loss
Deferred income tax benefit $ 1 $ — $ 1 $ — $ — $ — $ —
Actuarial losses (gains) arising during the year 1 — (2) — — — —
Prior year service credit arising during the year (6) — — — — — —
Amortization of prior year prior service credit 2 — — — — — —
Net amount recognized in accumulated other comprehensive income $ (2) $ — $ (1) $ — $ — $ — $ —