XML 55 R39.htm IDEA: XBRL DOCUMENT v3.22.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2022
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:

 

 

 

Commodity

 

 

 

 

Interest Rate

 

 

 

 

Total Derivative-Hedging Activities(1)

 

 

 

 

Investment

Securities(2)

 

 

 

 

Pension and other postretirement benefit costs(3)

 

 

 

 

Equity Method Investees(4)

 

 

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

—

 

 

 

 

$

(358

)

 

 

 

$

(358

)

 

 

 

$

37

 

 

 

 

$

(1,133

)

 

 

 

$

(4

)

 

 

 

$

(1,458

)

Other comprehensive income

    before reclassifications:

    gains (losses)

 

 

—

 

 

 

 

 

25

 

 

 

 

 

25

 

 

 

 

 

(62

)

 

 

 

 

28

 

 

 

 

 

1

 

 

 

 

 

(8

)

Amounts reclassified from

    AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related

    charges

 

 

—

 

 

 

 

 

14

 

 

 

 

 

14

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

14

 

           Other income

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

4

 

 

 

 

 

23

 

 

 

 

 

—

 

 

 

 

 

27

 

Total

 

 

—

 

 

 

 

 

14

 

 

 

 

 

14

 

 

 

 

 

4

 

 

 

 

 

23

 

 

 

 

 

—

 

 

 

 

 

41

 

Income tax expense

 

 

—

 

 

 

 

 

(4

)

 

 

 

 

(4

)

 

 

 

 

(1

)

 

 

 

 

(6

)

 

 

 

 

—

 

 

 

 

 

(11

)

Total, net of tax

 

 

—

 

 

 

 

 

10

 

 

 

 

 

10

 

 

 

 

 

3

 

 

 

 

 

17

 

 

 

 

 

—

 

 

 

 

 

30

 

Net current period other comprehensive income (loss)

 

 

—

 

 

 

 

 

35

 

 

 

 

 

35

 

 

 

 

 

(59

)

 

 

 

 

45

 

 

 

 

 

1

 

 

 

 

 

22

 

Ending balance

 

$

—

 

 

 

 

$

(323

)

 

 

 

$

(323

)

 

 

 

$

(22

)

 

 

 

$

(1,088

)

 

 

 

$

(3

)

 

 

 

$

(1,436

)

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(1

)

 

 

 

$

(418

)

 

 

 

$

(419

)

 

 

 

$

62

 

 

 

 

$

(1,359

)

 

 

 

$

(1

)

 

 

 

$

(1,717

)

Other comprehensive income

    before reclassifications:

    gains (losses)

 

 

—

 

 

 

 

 

39

 

 

 

 

 

39

 

 

 

 

 

(31

)

 

 

 

 

6

 

 

 

 

 

—

 

 

 

 

 

14

 

Amounts reclassified from

    AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased gas

 

 

1

 

 

 

 

 

—

 

 

 

 

 

1

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

1

 

Interest and related

    charges

 

 

—

 

 

 

 

 

16

 

 

 

 

 

16

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

16

 

Other income

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

1

 

 

 

 

 

25

 

 

 

 

 

—

 

 

 

 

 

26

 

Total

 

 

1

 

 

 

 

 

16

 

 

 

 

 

17

 

 

 

 

 

1

 

 

 

 

 

25

 

 

 

 

 

—

 

 

 

 

 

43

 

Income tax expense

 

 

—

 

 

 

 

 

(4

)

 

 

 

 

(4

)

 

 

 

 

—

 

 

 

 

 

(7

)

 

 

 

 

—

 

 

 

 

 

(11

)

Total, net of tax

 

 

1

 

 

 

 

 

12

 

 

 

 

 

13

 

 

 

 

 

1

 

 

 

 

 

18

 

 

 

 

 

—

 

 

 

 

 

32

 

Net current period other comprehensive income (loss)

 

 

1

 

 

 

 

 

51

 

 

 

 

 

52

 

 

 

 

 

(30

)

 

 

 

 

24

 

 

 

 

 

—

 

 

 

 

 

46

 

Ending balance

 

$

—

 

 

 

 

$

(367

)

 

 

 

$

(367

)

 

 

 

$

32

 

 

 

 

$

(1,335

)

 

 

 

$

(1

)

 

 

 

$

(1,671

)

(1)

Net of $107 million, $119 million, $123 million and $141 million tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, respectively.

(2)

Net of $8 million, $(10) million, $(11) million and $(21) million tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, respectively.

(3)

Net of $380 million, $396 million, $468 million and $478 million tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, respectively.

(4)

Net of $1 million, $1 million, $— and $— tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, 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:

 

 

 

Interest Rate

 

 

 

 

Total Derivative-Hedging Activities(1)

 

 

 

 

Investment

Securities(2)

 

 

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(45

)

 

 

 

$

(45

)

 

 

 

$

4

 

 

 

 

$

(41

)

Other comprehensive income before

    reclassifications: gains (losses)

 

 

19

 

 

 

 

 

19

 

 

 

 

 

(7

)

 

 

 

 

12

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

           Interest and related charges

 

 

1

 

 

 

 

 

1

 

 

 

 

 

—

 

 

 

 

 

1

 

           Other income

 

 

—

 

 

 

 

 

—

 

 

 

 

 

(1

)

 

 

 

 

(1

)

Total

 

 

1

 

 

 

 

 

1

 

 

 

 

 

(1

)

 

 

 

 

—

 

Income tax expense

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

Total, net of tax

 

 

1

 

 

 

 

 

1

 

 

 

 

 

(1

)

 

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

20

 

 

 

 

 

20

 

 

 

 

 

(8

)

 

 

 

 

12

 

Ending balance

 

$

(25

)

 

 

 

$

(25

)

 

 

 

$

(4

)

 

 

 

$

(29

)

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(60

)

 

 

 

$

(60

)

 

 

 

$

8

 

 

 

 

$

(52

)

Other comprehensive income before

    reclassifications: gains (losses)

 

 

32

 

 

 

 

 

32

 

 

 

 

 

(5

)

 

 

 

 

27

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

           Interest and related charges

 

 

1

 

 

 

 

 

1

 

 

 

 

 

—

 

 

 

 

 

1

 

           Other income

 

 

—

 

 

 

 

 

—

 

 

 

 

 

1

 

 

 

 

 

1

 

Total

 

 

1

 

 

 

 

 

1

 

 

 

 

 

1

 

 

 

 

 

2

 

Income tax expense

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

 

 

 

 

—

 

Total, net of tax

 

 

1

 

 

 

 

 

1

 

 

 

 

 

1

 

 

 

 

 

2

 

Net current period other comprehensive income (loss)

 

 

33

 

 

 

 

 

33

 

 

 

 

 

(4

)

 

 

 

 

29

 

Ending balance

 

$

(27

)

 

 

 

$

(27

)

 

 

 

$

4

 

 

 

 

$

(23

)

(1)

Net of $9 million, $16 million, $10 million and $21 million tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, respectively.

(2)

Net of $1 million, $(2) million, $(2) million and $(3) million tax at March 31, 2022, December 31, 2021, March 31, 2021 and December 31, 2020, respectively.