XML 38 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in AOCI for the years ended December 31, 2017, 2016 and 2015 for FirstEnergy are shown in the following table:
FirstEnergy
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(In millions)
AOCI Balance, January 1, 2015
 
$
(37
)
 
$
25

 
$
258

 
$
246

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
14

 
10

 
24

Amounts reclassified from AOCI
 
5

 
(25
)
 
(126
)
 
(146
)
Other comprehensive income (loss)
 
5

 
(11
)
 
(116
)
 
(122
)
Income tax (benefits) on other comprehensive income (loss)
 
1

 
(4
)
 
(44
)
 
(47
)
Other comprehensive income (loss), net of tax
 
4

 
(7
)
 
(72
)
 
(75
)
 
 
 
 
 
 
 
 
 
AOCI Balance, December 31, 2015
 
$
(33
)
 
$
18

 
$
186

 
$
171

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
106

 
13

 
119

Amounts reclassified from AOCI
 
8

 
(51
)
 
(72
)
 
(115
)
Other comprehensive income (loss)
 
8

 
55

 
(59
)
 
4

Income tax (benefits) on other comprehensive income (loss)
 
3

 
21

 
(23
)
 
1

Other comprehensive income (loss), net of tax
 
5

 
34

 
(36
)
 
3

 
 


 
 
 
 
 
 
AOCI Balance, December 31, 2016
 
$
(28
)
 
$
52

 
$
150

 
$
174

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
85

 
(11
)
 
74

Amounts reclassified from AOCI
 
10

 
(63
)
 
(74
)
 
(127
)
Other comprehensive income (loss)
 
10

 
22

 
(85
)
 
(53
)
Income tax (benefits) on other comprehensive income (loss)
 
4

 
7

 
(32
)
 
(21
)
Other comprehensive income (loss), net of tax
 
6

 
15

 
(53
)
 
(32
)
 
 
 
 
 
 
 
 
 
AOCI Balance, December 31, 2017
 
$
(22
)
 
$
67

 
$
97

 
$
142

 
 
 
 
 
 
 
 
 

The following amounts were reclassified from AOCI for FirstEnergy in the years ended December 31, 2017, 2016 and 2015:

FirstEnergy
 
Year Ended December 31
 
Affected Line Item in Consolidated Statements of Income (Loss)
Reclassifications from AOCI (2)
 
2017
 
2016
 
2015
 
 
 
(In millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
 
 
Commodity contracts
 
$
2

 
$
—

 
$
(3
)
 
Other operating expenses
Long-term debt
 
8

 
8

 
8

 
Interest expense
 
 
10

 
8

 
5

 
Total before taxes
 
 
(4
)
 
(3
)
 
(1
)
 
Income taxes (benefits)
 
 
$
6

 
$
5

 
$
4

 
Net of tax
 
 
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(63
)
 
$
(51
)
 
$
(25
)
 
Investment income (loss)
 
 
23

 
19

 
9

 
Income taxes (benefits)
 
 
$
(40
)
 
$
(32
)
 
$
(16
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
 
 
Prior-service costs
 
$
(74
)
 
$
(72
)
 
$
(126
)
 
(1) 
 
 
28

 
27

 
49

 
Income taxes (benefits)
 
 
$
(46
)
 
$
(45
)
 
$
(77
)
 
Net of tax
 
 
 
 
 
 
 
 
 
(1) These AOCI components are included in the computation of net periodic pension cost. See Note 4, "Pension and Other Postemployment Benefits," for additional details.
(2) Parenthesis represent credits to the Consolidated Statements of Income (Loss) from AOCI.


The changes in AOCI for the years ended December 31, 2017, 2016 and 2015 for FES are shown in the following table:
FES
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(In millions)
 
 
 
 
 
 
 
 
 
AOCI Balance, January 1, 2015
 
$
(7
)
 
$
21

 
$
43

 
$
57

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
15

 
10

 
25

Amounts reclassified from AOCI
 
(3
)
 
(24
)
 
(16
)
 
(43
)
Other comprehensive loss
 
(3
)
 
(9
)
 
(6
)
 
(18
)
Income tax benefits on other comprehensive loss
 
(1
)
 
(4
)
 
(2
)
 
(7
)
Other comprehensive loss, net of tax
 
(2
)
 
(5
)
 
(4
)
 
(11
)
 
 
 
 
 
 
 
 
 
AOCI Balance, December 31, 2015
 
$
(9
)
 
$
16

 
$
39

 
$
46

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
100

 
—

 
100

Amounts reclassified from AOCI
 
—

 
(48
)
 
(14
)
 
(62
)
Other comprehensive income (loss)
 
—

 
52

 
(14
)
 
38

Income tax (benefits) on other comprehensive income (loss)
 
—

 
20

 
(5
)
 
15

Other comprehensive income (loss), net of tax
 
—

 
32

 
(9
)
 
23

 
 
 
 
 
 
 
 
 
AOCI Balance, December 31, 2016
 
$
(9
)

$
48

 
$
30

 
$
69

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
91

 
—

 
91

Amounts reclassified from AOCI
 
2

 
(61
)
 
(14
)
 
(73
)
Other comprehensive income (loss)
 
2

 
30

 
(14
)
 
18

Income tax (benefits) on other comprehensive income (loss)
 
1

 
10

 
(5
)
 
6

Other comprehensive income (loss), net of tax
 
1

 
20

 
(9
)
 
12

 
 
 
 
 
 
 
 
 
AOCI Balance, December 31, 2017
 
$
(8
)
 
$
68

 
$
21

 
$
81

 
 
 
 
 
 
 
 
 

The following amounts were reclassified from AOCI for FES in the years ended December 31, 2017, 2016 and 2015:
FES
 
Year Ended December 31
 
Affected Line Item in Consolidated Statements of Income (Loss)
Reclassifications from AOCI (2)
 
2017
 
2016
 
2015
 
 
 
(In millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
 
 
Commodity contracts
 
$
2

 
$
—

 
$
(3
)
 
Other operating expenses
 
 
(1
)
 
—

 
1

 
Income taxes (benefits)
 
 
$
1

 
$
—

 
$
(2
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(61
)
 
$
(48
)
 
$
(24
)
 
Investment income (loss)
 
 
23

 
18

 
9

 
Income taxes (benefits)
 
 
$
(38
)
 
$
(30
)
 
$
(15
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
 
 
Prior-service costs
 
$
(14
)
 
$
(14
)
 
$
(16
)
 
(1) 
 
 
5

 
5

 
6

 
Income taxes (benefits)
 
 
$
(9
)
 
$
(9
)
 
$
(10
)
 
Net of tax
 
 
 
 
 
 
 
 
 
(1) These AOCI components are included in the computation of net periodic pension cost. See Note 4, "Pension and Other Postemployment Benefits," for additional details.
(2) Parenthesis represent credits to the Consolidated Statements of Income (Loss) from AOCI.