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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2013
Statement of Other Comprehensive Income [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME

FirstEnergy adopted the expanded disclosure requirements for reclassifications from AOCI. The changes in AOCI, net of tax, in the three months ended March 31, 2013 and 2012, for FE and FES are shown in the following tables:
 
FirstEnergy
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(in millions)
AOCI Balance as of January 1, 2013
 
$
(38
)
 
$
15

 
$
408

 
$
385

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
15

 
—

 
15

Amounts reclassified from AOCI
 
1

 
(12
)
 
(28
)
 
(39
)
Net other comprehensive income (loss)
 
1

 
3

 
(28
)
 
(24
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2013
 
$
(37
)
 
$
18

 
$
380

 
$
361

 
 
 
 
 
 
 
 
 
AOCI Balance as of January 1, 2012
 
$
(39
)
 
$
19

 
$
446

 
$
426

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
9

 
5

 
14

Amounts reclassified from AOCI
 
(3
)
 
(3
)
 
(29
)
 
(35
)
Net other comprehensive income (loss)
 
(3
)
 
6

 
(24
)
 
(21
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2012
 
$
(42
)
 
$
25

 
$
422

 
$
405



FES
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(in millions)
AOCI Balance as of January 1, 2013
 
$
3

 
$
13

 
$
56

 
$
72

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
14

 
—

 
14

Amounts reclassified from AOCI
 
(1
)
 
(10
)
 
(4
)
 
(15
)
Net other comprehensive income (loss)
 
(1
)
 
4

 
(4
)
 
(1
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2013
 
$
2

 
$
17

 
$
52

 
$
71

 
 
 
 
 
 
 
 
 
AOCI Balance as of January 1, 2012
 
$
8

 
$
16

 
$
52

 
$
76

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
9

 
—

 
9

Amounts reclassified from AOCI
 
(4
)
 
(3
)
 
(4
)
 
(11
)
Net other comprehensive income (loss)
 
(4
)
 
6

 
(4
)
 
(2
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2012
 
$
4

 
$
22

 
$
48

 
$
74



The following amounts were reclassified from AOCI in the three months ended March 31, 2013 and 2012:

FirstEnergy
 
Three Months Ended March 31
 
Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI (b)
 
2013
 
2012
 
 
 
(in millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
Power contracts
 
$
(3
)
 
$
(5
)
 
Other operating expenses
Long-term debt
 
4

 
2

 
Interest expense ($2) and Loss on debt redemptions ($2) in 2013 and interest expense ($2) in 2012
 
 
1

 
(3
)
 
Total before taxes
 
 
—

 
—

 
Income tax expense
 
 
$
1

 
$
(3
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(19
)
 
$
(5
)
 
Investment income
 
 
(7
)
 
(2
)
 
Income tax expense
 
 
$
(12
)
 
$
(3
)
 
Net of tax
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
Prior-service costs
 
$
(47
)
 
$
(48
)
 
(a)
 
 
(19
)
 
(19
)
 
Income tax expense
 
 
$
(28
)
 
$
(29
)
 
Net of tax
 
 
 
 
 
 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 3, Pensions and Other Postemployment Benefits for additional details.
(b) Parenthesis represent credits from AOCI
 
 
 
 
 
 


FES
 
Three Months Ended March 31
 
Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI (b)
 
2013
 
2012
 
 
 
(in millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
Power contracts
 
$
(3
)
 
$
(5
)
 
Other operating expenses
Long-term debt
 
2

 
—

 
Loss on debt redemptions
 
 
(1
)
 
(5
)
 
Total before taxes
 
 
—

 
(1
)
 
Income tax expense
 
 
$
(1
)
 
$
(4
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(16
)
 
$
(4
)
 
Investment income
 
 
(6
)
 
(1
)
 
Income tax expense
 
 
$
(10
)
 
$
(3
)
 
Net of tax
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
Prior-service costs
 
$
(5
)
 
$
(5
)
 
(a)
 
 
(1
)
 
(1
)
 
Income tax expense
 
 
$
(4
)
 
$
(4
)
 
Net of tax
 
 
 
 
 
 
 
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 3, Pensions and Other Postemployment Benefits for additional details.
(b) Parenthesis represent credits from AOCI