Allegheny Power 2015 Annual Report Download - page 93
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76
2.ACCUMULATEDOTHERCOMPREHENSIVEINCOME
ThechangesinAOCIfortheyearsendedDecember31,2015,2014and2013forFirstEnergyareshowninthefollowingtable:
FirstEnergy
Gains&
Losseson
CashFlow
Hedges
Unrealized
Gainson
AFS
Securities
Defined
Benefit
Pension&
OPEBPlansTotal
(Inmillions)
AOCIBalance,January1,2013 $ (38) $ 15
$ 408
$ 385
Othercomprehensiveincomebeforereclassifications —
46
35
81
AmountsreclassifiedfromAOCI 3
(56) (195) (248)
Othercomprehensiveincome(loss) 3
(10) (160) (167)
Incometax(benefits)onothercomprehensiveincome(loss) 1
(4) (63) (66)
Othercomprehensiveincome(loss),netoftax 2
(6) (97) (101)
AOCIBalance,December31,2013 $ (36) $ 9
$ 311
$ 284
Othercomprehensiveincomebeforereclassifications —
89
92
181
AmountsreclassifiedfromAOCI(2) (63) (168) (233)
Othercomprehensiveincome(loss) (2)
26
(76)
(52)
Incometax(benefits)onothercomprehensiveincome(loss)(1) 10
(23) (14)
Othercomprehensiveincome(loss),netoftax (1)
16
(53)
(38)
AOCIBalance,December31,2014 $ (37) $ 25
$ 258
$ 246
Othercomprehensiveincomebeforereclassifications —
14
10
24
AmountsreclassifiedfromAOCI 5
(25) (126) (146)
Othercomprehensiveincome(loss) 5
(11)
(116)
(122)
Incometax(benefits)onothercomprehensiveincome(loss) 1
(4) (44) (47)
Othercomprehensiveincome(loss),netoftax 4
(7)
(72)
(75)
AOCIBalance,December31,2015 $ (33) $ 18
$ 186
$ 171
77
ThefollowingamountswerereclassifiedfromAOCIforFirstEnergyintheyearsendedDecember31,2015,2014and2013:
FirstEnergy
YearEndedDecember31,
AffectedLineIteminConsolidated
StatementsofIncome
ReclassificationsfromAOCI(2)
2015
2014
2013
(Inmillions)
Gains&lossesoncashflowhedges
Commoditycontracts
$
(3
)
$
(10
)
$
(8
)
Otheroperatingexpenses
Longtermdebt
8
8
11
Interestexpense
5
(2
)
3
Totalbeforetaxes
(1
)
1
(1
)
Incometaxes(benefits)
$
4
$
(1
)
$
2
Netoftax
UnrealizedgainsonAFSsecurities
Realizedgainsonsalesofsecurities
$
(25
)
$
(63
)
$
(56
)
Investmentincome(loss)
9
24
21
Incometaxes(benefits)
$
(16
)
$
(39
)
$
(35
)
Netoftax
DefinedbenefitpensionandOPEBplans
Priorservicecosts
$
(126
)
$
(168
)
$
(195
)
(1)
49
65
75
Incometaxes(benefits)
$
(77
)
$
(103
)
$
(120
)
Netoftax
(1)TheseAOCIcomponentsareincludedinthecomputationofnetperiodicpensioncost.SeeNote3,PensionandOther
PostemploymentBenefitsforadditionaldetails.
(2)ParenthesisrepresentcreditstotheConsolidatedStatementsofIncomefromAOCI.