ComEd 2015 Annual Report Download - page 317

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
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The following tables present assets and liabilities measured and recorded at fair value on Exelon’s and Generation’s Consolidated Balance
Sheets on a recurring basis and their level within the fair value hierarchy as of December 31, 2015 and 2014:
Generation Exelon
As of December 31, 2015 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Assets
Cash equivalents $ 104 $ — $ — $ 104 $ 5,766 $ — $ — $ 5,766
Nuclear decommissioning trust fund investments
Cash equivalents 219 92 — 311 219 92 — 311
Equities 3,008 1,894 — 4,902 3,008 1,894 — 4,902
Fixed income
Corporate debt — 1,824 242 2,066 — 1,824 242 2,066
U.S. Treasury and agencies 1,323 15 — 1,338 1,323 15 — 1,338
Foreign governments — 61 — 61 — 61 — 61
State and municipal debt — 326 — 326 — 326 — 326
Other — 537 — 537 — 537 — 537
Fixed income subtotal 1,323 2,763 242 4,328 1,323 2,763 242 4,328
Middle market lending — — 428 428 — — 428 428
Private equity — — 125 125 — — 125 125
Real estate — — 35 35 — — 35 35
Other — 216 — 216 — 216 — 216
Nuclear decommissioning trust fund investments subtotal 4,550 4,965 830 10,345 4,550 4,965 830 10,345
Pledged assets for Zion Station decommissioning
Cash equivalents — 17 — 17 — 17 — 17
Equities 1 5 — 6 1 5 — 6
Fixed income
U.S. Treasury and agencies 6 2 — 8 6 2 — 8
Corporate debt — 46 — 46 — 46 — 46
Other — 1 — 1 — 1 — 1
Fixed income subtotal 6 49 — 55 6 49 — 55
Middle market lending — — 127 127 — — 127 127
Pledged assets for Zion Station decommissioning subtotal 7 71 127 205 7 71 127 205
Rabbi trust investments in mutual funds 17 — — 17 48 — — 48
Commodity derivative assets
Economic hedges 1,922 3,467 1,707 7,096 1,922 3,467 1,707 7,096
Proprietary trading 36 64 30 130 36 64 30 130
Effect of netting and allocation of collateral (1,964) (2,629) (564) (5,157) (1,964) (2,629) (564) (5,157)
Commodity derivative assets subtotal (6) 902 1,173 2,069 (6) 902 1,173 2,069
Interest rate and foreign currency derivative assets
Derivatives designated as hedging instruments — — — — — 25 — 25
Economic hedges — 20 — 20 — 20 — 20
Proprietary trading 10 5 — 15 10 5 — 15
Effect of netting and allocation of collateral (3) (3) — (6) (3) (3) — (6)
Interest rate and foreign currency derivative assets subtotal 7 22 — 29 7 47 — 54
Other investments — — 33 33 — — 33 33
Total assets 4,679 5,960 2,163 12,802 10,372 5,985 2,163 18,520
Liabilities
Commodity derivative liabilities
Economic hedges (2,382) (3,348) (850) (6,580) (2,382) (3,348) (1,097) (6,827)
Proprietary trading (33) (57) (37) (127) (33) (57) (37) (127)
Effect of netting and allocation of collateral 2,440 3,186 765 6,391 2,440 3,186 765 6,391
Commodity derivative liabilities subtotal 25 (219) (122) (316) 25 (219) (369) (563)
Interest rate and foreign currency derivative liabilities — —
Derivatives designated as hedging instruments — (16) — (16) — (16) — (16)
Economic hedges — (3) — (3) — (3) — (3)
Proprietary trading (12) — — (12) (12) — — (12)
Effect of netting and allocation of collateral 12 3 — 15 12 3 — 15
Interest rate and foreign currency derivative liabilities subtotal — (16) — (16) — (16) — (16)
Deferred compensation obligation — (30) — (30) — (99) — (99)
Total liabilities 25 (265) (122) (362) 25 (334) (369) (678)
Total net assets $ 4,704 $ 5,695 $ 2,041 $12,440 $10,397 $ 5,651 $ 1,794 $17,842
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(a)
(b)
(c)
(d)
(e)
(f)
(g)
(g)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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