Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2016

Statement of Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in AOCI, net of tax, in the three months ended March 31, 2016 and 2015, for FirstEnergy are included 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, 2016	$	(33	)	$	18		$	186		$	171
Other comprehensive income before reclassifications	—			41			—			41
Amounts reclassified from AOCI	2			(13		)	(18		)	(29		)
Other comprehensive income (loss)	2			28			(18		)	12
Income tax (benefits) on other comprehensive income (loss)	1			10			(7		)	4
Other comprehensive income (loss), net of tax	1			18			(11		)	8
AOCI Balance as of March 31, 2016	$	(32	)	$	36		$	175		$	179
AOCI Balance as of January 1, 2015	$	(37	)	$	25		$	258		$	246
Other comprehensive income before reclassifications	—			14			—			14
Amounts reclassified from AOCI	1			(10		)	(31		)	(40		)
Other comprehensive income (loss)	1			4			(31		)	(26		)
Income tax (benefits) on other comprehensive income (loss)	—			1			(11		)	(10		)
Other comprehensive income (loss), net of tax	1			3			(20		)	(16		)
AOCI Balance as of March 31, 2015	$	(36	)	$	28		$	238		$	230

The following amounts were reclassified from AOCI for FirstEnergy in the three months ended March 31, 2016 and 2015:

		For the Three Months Ended March 31						Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI (2)		2016			2015
	(In millions)
Gains & losses on cash flow hedges
Commodity contracts		$	—		$	(1	)	Other operating expenses
Long-term debt		2			2			Interest expense
		2			1			Total before taxes
		(1		)	—			Income taxes
		$	1		$	1		Net of tax
Unrealized gains on AFS securities
Realized gains on sales of securities		$	(13	)	$	(10	)	Investment income
		5			4			Income taxes
		$	(8	)	$	(6	)	Net of tax
Defined benefit pension and OPEB plans
Prior-service costs		$	(18	)	$	(31	)	(1)
		7			11			Income taxes
		$	(11	)	$	(20	)	Net of tax
(1) These AOCI components are included in the computation of net periodic pension cost. See Note 3, Pension and Other Postemployment Benefits for additional details.
(2) Amounts in parenthesis represent credits to the Consolidated Statements of Income from AOCI.

The changes in AOCI, net of tax, in the three months ended March 31, 2016 and 2015, for FES are included in the following tables:

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, 2016	$	(9	)	$	16		$	39		$	46
Other comprehensive income before reclassifications	—			36			—			36
Amounts reclassified from AOCI	—			(13		)	(4		)	(17		)
Other comprehensive income (loss)	—			23			(4		)	19
Income tax (benefits) on other comprehensive income (loss)	—			9			(2		)	7
Other comprehensive income (loss), net of tax	—			14			(2		)	12
AOCI Balance as of March 31, 2016	$	(9	)	$	30		$	37		$	58
AOCI Balance as of January 1, 2015	$	(7	)	$	21		$	43		$	57
Other comprehensive income before reclassifications	—			13			—			13
Amounts reclassified from AOCI	(1		)	(10		)	(4		)	(15		)
Other comprehensive income (loss)	(1		)	3			(4		)	(2		)
Income tax (benefits) on other comprehensive income (loss)	—			—			(1		)	(1		)
Other comprehensive income (loss), net of tax	(1		)	3			(3		)	(1		)
AOCI Balance as of March 31, 2015	$	(8	)	$	24		$	40		$	56

The following amounts were reclassified from AOCI for FES in the three months ended March 31, 2016 and 2015:

		For the Three Months Ended March 31						Affected Line Item in Consolidated Statements of Income (Loss)
Reclassifications from AOCI (2)		2016			2015
	(In millions)
Gains & losses on cash flow hedges
Commodity contracts		$	—		$	(1	)	Other operating expenses
		—			—			Income taxes (benefits)
		$	—		$	(1	)	Net of tax
Unrealized gains on AFS securities
Realized gains on sales of securities		$	(13	)	$	(10	)	Investment income
		5			4			Income taxes (benefits)
		$	(8	)	$	(6	)	Net of tax
Defined benefit pension and OPEB plans
Prior-service costs		$	(4	)	$	(4	)	(1)
		2			1			Income taxes (benefits)
		$	(2	)	$	(3	)	Net of tax
(1) These AOCI components are included in the computation of net periodic pension cost. See Note 3, Pension and Other Postemployment Benefits for additional details.
(2) Amounts in parenthesis represent credits to the Consolidated Statements of Income (Loss) from AOCI.