XML 47 R39.htm IDEA: XBRL DOCUMENT v3.23.3
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2023
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Dominion Energy’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Pension
and other
postretirement
benefit costs(4)

 

 

Equity Method Investees(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(250

)

 

$

(26

)

 

$

(1,287

)

 

$

(2

)

 

$

(1,565

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

6

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

5

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

10

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

10

 

Other income (expense)

 

 

—

 

 

 

(3

)

 

 

(16

)

 

 

—

 

 

 

(19

)

Total

 

 

10

 

 

 

(3

)

 

 

(16

)

 

 

—

 

 

 

(9

)

Income tax expense (benefit)

 

 

(2

)

 

 

1

 

 

 

4

 

 

 

—

 

 

 

3

 

Total, net of tax

 

 

8

 

 

 

(2

)

 

 

(12

)

 

 

—

 

 

 

(6

)

Net current period other comprehensive
    income (loss)

 

 

14

 

 

 

(3

)

 

 

(12

)

 

 

—

 

 

 

(1

)

Ending balance

 

$

(236

)

 

$

(29

)

 

$

(1,299

)

 

$

(2

)

 

$

(1,566

)

Three Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(323

)

 

$

(22

)

 

$

(1,088

)

 

$

(3

)

 

$

(1,436

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

29

 

 

 

(27

)

 

 

2

 

 

 

—

 

 

 

4

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

14

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

14

 

Other income (expense)

 

 

—

 

 

 

12

 

 

 

22

 

 

 

—

 

 

 

34

 

Total

 

 

14

 

 

 

12

 

 

 

22

 

 

 

—

 

 

 

48

 

Income tax expense (benefit)

 

 

(3

)

 

 

(3

)

 

 

(6

)

 

 

—

 

 

 

(12

)

Total, net of tax

 

 

11

 

 

 

9

 

 

 

16

 

 

 

—

 

 

 

36

 

Net current period other comprehensive
    income (loss)

 

 

40

 

 

 

(18

)

 

 

18

 

 

 

—

 

 

 

40

 

Ending balance

 

$

(283

)

 

$

(40

)

 

$

(1,070

)

 

$

(3

)

 

$

(1,396

)
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $79 million, $83 million, $94 million and $107 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.
(3)
Net of $9 million, $6 million, $14 million and $8 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.
(4)
Net of $453 million, $449 million, $376 million and $380 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.
(5)
Net of $— million, $— million, $1 million and $1 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Pension
and other
postretirement
benefit costs(4)

 

 

Equity Method Investees(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(249

)

 

$

(44

)

 

$

(1,276

)

 

$

(3

)

 

$

(1,572

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(3

)

 

 

16

 

 

 

—

 

 

 

1

 

 

 

14

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

21

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

21

 

Other income (expense)

 

 

—

 

 

 

(1

)

 

 

(31

)

 

 

—

 

 

 

(32

)

Total

 

 

21

 

 

 

(1

)

 

 

(31

)

 

 

—

 

 

 

(11

)

Income tax expense (benefit)

 

 

(5

)

 

 

—

 

 

 

8

 

 

 

—

 

 

 

3

 

Total, net of tax

 

 

16

 

 

 

(1

)

 

 

(23

)

 

 

—

 

 

 

(8

)

Net current period other comprehensive
    income (loss)

 

 

13

 

 

 

15

 

 

 

(23

)

 

 

1

 

 

 

6

 

Ending balance

 

$

(236

)

 

$

(29

)

 

$

(1,299

)

 

$

(2

)

 

$

(1,566

)

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(358

)

 

$

37

 

 

$

(1,133

)

 

$

(4

)

 

$

(1,458

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

54

 

 

 

(89

)

 

 

30

 

 

 

1

 

 

 

(4

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

28

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

28

 

Other income (expense)

 

 

—

 

 

 

16

 

 

 

45

 

 

 

—

 

 

 

61

 

Total

 

 

28

 

 

 

16

 

 

 

45

 

 

 

—

 

 

 

89

 

Income tax expense (benefit)

 

 

(7

)

 

 

(4

)

 

 

(12

)

 

 

—

 

 

 

(23

)

Total, net of tax

 

 

21

 

 

 

12

 

 

 

33

 

 

 

—

 

 

 

66

 

Net current period other comprehensive
    income (loss)

 

 

75

 

 

 

(77

)

 

 

63

 

 

 

1

 

 

 

62

 

Ending balance

 

$

(283

)

 

$

(40

)

 

$

(1,070

)

 

$

(3

)

 

$

(1,396

)
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $79 million, $83 million, $94 million and $119 million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.
(3)
Net of $9 million, $13 million, $14 million and $(10) million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.
(4)
Net of $453 million, $445 million, $376 million and $396 million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.
(5)
Net of $— million, $1 million, $1 million and $1 million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.
Virginia Electric and Power Company  
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Virginia Power’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

7

 

 

$

(3

)

 

$

4

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

6

 

 

 

(1

)

 

 

5

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

6

 

 

 

(1

)

 

 

5

 

Ending balance

 

$

13

 

 

$

(4

)

 

$

9

 

Three Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(25

)

 

$

(4

)

 

$

(29

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

25

 

 

 

(3

)

 

 

22

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

25

 

 

 

(3

)

 

 

22

 

Ending balance

 

$

—

 

 

$

(7

)

 

$

(7

)
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(4) million, $(2) million, $— million and $9 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.
(3)
Net of $1 million, $1 million, $3 million and $1 million tax at June 30, 2023, March 31, 2023, June 30, 2022 and March 31, 2022, respectively.

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

16

 

 

$

(7

)

 

$

9

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(3

)

 

 

3

 

 

 

—

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

(3

)

 

 

3

 

 

 

—

 

Ending balance

 

$

13

 

 

$

(4

)

 

$

9

 

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(45

)

 

$

4

 

 

$

(41

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

44

 

 

 

(10

)

 

 

34

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

           Interest and related charges

 

 

1

 

 

 

—

 

 

 

1

 

           Other income (expense)

 

 

—

 

 

 

(1

)

 

 

(1

)

Total

 

 

1

 

 

 

(1

)

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

1

 

 

 

(1

)

 

 

—

 

Net current period other comprehensive income (loss)

 

 

45

 

 

 

(11

)

 

 

34

 

Ending balance

 

$

—

 

 

$

(7

)

 

$

(7

)

 

(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(4) million, $(5) million, $— million and $16 million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.
(3)
Net of $1 million, $2 million, $3 million and $(2) million tax at June 30, 2023, December 31, 2022, June 30, 2022 and December 31, 2021, respectively.