Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income

The following tables show the changes in AOCI for the three and nine months ended September 30, 2020 and 2019:

	Gains & Losses on Cash Flow Hedges (1)		Defined Benefit Pension & OPEB Plans		Total
	(In millions)
AOCI Balance, July 1, 2020	$	(8)	$	8	$	—
Amounts reclassified from AOCI	—		(3)		(3)
Other comprehensive loss	—		(3)		(3)
Income tax benefits on other comprehensive loss	—		(1)		(1)
Other comprehensive loss, net of tax	—		(2)		(2)
AOCI Balance, September 30, 2020	$	(8)	$	6	$	(2)
AOCI Balance, July 1, 2019	$	(10)	$	41	$	31
Amounts reclassified from AOCI	—		(7)		(7)
Other comprehensive loss	—		(7)		(7)
Income tax benefits on other comprehensive loss	—		(3)		(3)
Other comprehensive loss, net of tax	—		(4)		(4)
AOCI Balance, September 30, 2019	$	(10)	$	37	$	27
	Gains & Losses on Cash Flow Hedges (1)		Defined Benefit Pension & OPEB Plans		Total
	(In millions)
AOCI Balance, January 1, 2020	$	(9)	$	29	$	20
Amounts reclassified from AOCI	1		(30)		(29)
Other comprehensive income (loss)	1		(30)		(29)
Income tax benefits on other comprehensive loss	—		(7)		(7)
Other comprehensive income (loss), net of tax	1		(23)		(22)
AOCI Balance, September 30, 2020	$	(8)	$	6	$	(2)
AOCI Balance, January 1, 2019	$	(11)	$	52	$	41
Amounts reclassified from AOCI	1		(21)		(20)
Other comprehensive income (loss)	1		(21)		(20)
Income tax benefits on other comprehensive loss	—		(6)		(6)
Other comprehensive income (loss), net of tax	1		(15)		(14)
AOCI Balance, September 30, 2019	$	(10)	$	37	$	27

(1) Relates to previous cash flow hedges used to hedge fixed rate long-term debt securities prior to their issuance.

Reclassification out of Accumulated Other Comprehensive Income

The following amounts were reclassified from AOCI in the three and nine months ended September 30, 2020 and 2019:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,				Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI(1)	2020		2019		2020		2019
	(In millions)
Gains & losses on cash flow hedges
Long-term debt	$	—	$	—	$	1	$	1	Interest expense
	$	—	$	—	$	1	$	1	Net of tax
Defined benefit pension and OPEB plans
Prior-service costs	$	(3)	$	(7)	$	(30)	$	(21)	(2)
	1		3		7		6		Income taxes
	$	(2)	$	(4)	$	(23)	$	(15)	Net of tax
(1) Amounts in parenthesis represent credits to the Consolidated Statements of Income from AOCI.
(2) Prior-service costs are reported within Miscellaneous income, net, within Other Income (Expense) on FirstEnergy’s Consolidated Statements of Income. Components are included in the computation of net periodic costs (credits), see Note 5, “Pension and Other Post-Employment Benefits.”