ComEd 2013 Annual Report Download - page 230

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Preferred Securities Redemption
OnMay1,2013, PECO redeemedall ofitsoutstandingpreferredsecurities. PECO had $87 million ofcumulative preferredsecurities
that were redeemable at itsoption at anytimefor theredemption priceestablishedwhen each seriesofsecuritieswere issued. The
redemption premiumof$6million is treatedasareduction to Net income to arriveatNet income attributable to common
shareholdersutilizedinthecalculation ofearnings per share for Exelon for theyear endingDecember 31,2013.Asaresult ofthe
redemption, PECO is nowindirectly, wholly-ownedbyExelon.
21. Changes in Accumulated Other Comprehensive Income
Thefollowingtable presentschangesinaccumulatedother comprehensiveincome(loss) (AOCI) by component for theyear ended
December 31,2013:
Gains and
(Losses) on
Cash Flow
Hedges
Unrealized
Gains and
(Losses) on
Marketable
Securities
Pension and
Non-Pension
Postretirement
Benefit Plan
items
Foreign
Currency
Items
AOCI of
Equity
Investments Total
Exelon (a)
Beginningbalance............................ $368 $— $(3,137) $— $ 2$(2,767)
OCI before reclassifications .................... 292669 (10)101 791
AmountsreclassifiedfromAOCI (b) ............... (277) — 208 — 5 (64)
Net current-periodOCI ........................ (248) 2877 (10)106727
Endingbalance............................... $120 $2$(2,260)$(10)$108$(2,040)
(a)All amountsare net oftax. Amountsin parenthesis represent a decreaseinaccumulatedother comprehensiveincome.
(b) See nexttable for detailsabout thesereclassifications.
Thefollowingtable presentsamountsreclassifiedout ofAOCI to Net Incomeduringtheyear endedDecember 31,2013:
Details about AOCI components Items reclassified out of AOCI (a)
Affected line item in the statement where Net
Income is presented
Exelon
Gainsand(losses) on cash flowhedges
Energy relatedhedges ...................... $464 Operatingrevenues
Other cash flowhedges ..................... (3)Interestexpense
461Total before tax
(184) Taxexpense
$277 Net oftax
Amortization ofpension andother
postretirement benefit plan items
Prior servicecosts.......................... $ (2)(b)
Actuarial losses ............................ (339) (b)
Deferredcompensation unit plan .............. (1)(c)
(342)Total before tax
134Taxbenefit
$(208) Net oftax
Equityinvestments
Capital activity ............................. $ (8) Equityinlossesofunconsolidated
affiliates
(8) Total before tax
3Taxbenefit
$ (5) Net oftax
Total Reclassifications ...................... $ 64 Net ofTax
224