Exelon 2014 Annual Report Download - page 240

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Components of AOCI and Regulatory Assets
Under the authoritative guidance for regulatory accounting, a portion of current year actuarial gains and losses and prior service
costs (credits) is capitalized within Exelon’s Consolidated Balance Sheets to reflect the expected regulatory recovery of these
amounts, which would otherwise be recorded to AOCI. The following tables provide the components of AOCI and regulatory assets
(liabilities) for the years ended December 31, 2014, 2013 and 2012 for all plans combined.
Pension Benefits
Other
Postretirement Benefits
2014 2013 2012 2014 2013 2012
Changes in plan assets and benefit obligations recognized in AOCI and
regulatory assets (liabilities):
Current year actuarial (gain) loss .................................... $1,639 $(1,169) $1,693 $ 561 $(628) $ 304
Amortization of actuarial loss ........................................ (420) (562) (450) (50) (83) (81)
Current year prior service (credit) cost ................................ — — 1 (1,012) 15 (109)
Amortization of prior service (cost) credit .............................. (14) (14) (15) 122 19 17
Current year transition (asset) obligation .............................. — — — — — 1
Amortization of transition asset (obligation) ............................ — — — — — (11)
Curtailments ..................................................... — — (10) — — (1)
Settlements ...................................................... (2) (8) (31) — — —
Total recognized in AOCI and regulatory assets (liabilities) (a) .......... $1,203 $(1,753) $1,188 $ (379) $(677) $ 120
(a) Of the $1,203 million loss related to pension benefits, $788 million and $415 million were recognized in AOCI and regulatory assets, respectively, during 2014. Of the
$379 million gain related to other postretirement benefits, $162 million and $217 million were recognized in AOCI and regulatory assets (liabilities), respectively,
during 2014. Of the $1,753 million gain related to pension benefits, $1,071 million and $682 million were recognized in AOCI and regulatory assets, respectively,
during 2013. Of the $677 million gain related to other postretirement benefits, $352 million and $325 million were recognized in AOCI and regulatory assets
(liabilities), respectively, during 2013. Of the $1,188 million loss related to pension benefits, $283 million and $904 million were recognized in AOCI and regulatory
assets, respectively, during 2012. Of the $120 million loss related to other postretirement benefits, $39 million and $81 million were recognized in AOCI and
regulatory assets, respectively, during 2012.
The following table provides the components of Exelon’s gross accumulated other comprehensive loss and regulatory assets
(liabilities) that have not been recognized as components of periodic benefit cost at December 31, 2014 and 2013, respectively, for
all plans combined:
Pension Benefits
Other
Postretirement Benefits
2014 2013 2014 2013
Prior service cost (credit) ..................................................... $ 49 $ 62 $(963) $ (73)
Actuarial loss ............................................................... 7,407 6,192 985 474
Total (a) .................................................................... $7,456 $6,254 $ 22 $401
(a) Of the $7,456 million related to pension benefits, $4,310 million and $3,146 million are included in AOCI and regulatory assets, respectively, at December 31, 2014.
Of the $22 million related to other postretirement benefits, $22 million is included in regulatory assets (liabilities) at December 31, 2014. Of the $6,254 million related
to pension benefits, $3,523 million and $2,731 million are included in AOCI and regulatory assets, respectively, at December 31, 2013. Of the $401 million related to
other postretirement benefits, $161 million and $240 million are included in AOCI and regulatory assets (liabilities), respectively, at December 31, 2013.
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