Accumulated Other Comprehensive Income (Loss)

6 Months Ended

12 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss)

18. Accumulated Other Comprehensive Income (Loss)

The after-tax changes in Talen Energy’s AOCI by component for the periods ended June 30 were as follows.

	Unrealized gains (losses)						Defined benefit plans
	Available- for-sale securities			Qualifying derivatives			Prior service costs			Actuarial gain (loss)			Total
December 31, 2014	$	202		$	63		$	7		$	(295	)	$	(23	)
Amounts arising during the period		1			—			(3	)		46			44
Reclassifications from AOCI		(2	)		(10	)		(1	)		9			(4	)
Net OCI during the period		(1	)		(10	)		(4	)		55			40
June 30, 2015	$	201		$	53		$	3		$	(240	)	$	17
December 31, 2013	$	173		$	88		$	(4	)	$	(180	)	$	77
Amounts arising during the period		19			—			—			—			19
Reclassifications from AOCI		(2	)		(13	)		1			3			(11	)
Net OCI during the period		17			(13	)		1			3			8
June 30, 2014	$	190		$	75		$	(3	)	$	(177	)	$	85

The following table presents the gains (losses) and related income taxes for reclassifications from Talen Energy’s AOCI for the periods ended June 30. The defined benefit plan components of AOCI are not reflected in their entirety in the statement of income during the periods; rather, they are included in the computation of net periodic defined benefit costs (credits). See Note 9 for additional information.

	Six Months						Affected Line Item on the
Details about AOCI	2015			2014			Statements of Income
Available-for-sale securities	$	4		$	4		Other Income (Expense) – net
Total Pre-tax		4			4
Income Taxes		(2	)		(2	)
Total After-tax		2			2
Qualifying derivatives
Commodity contracts		—			1		Wholesale energy
		16			15		Energy purchases
		—			5		Discontinued operations
		1			1		Other
Total Pre-tax		17			22
Income Taxes		(7	)		(9	)
Total After-tax		10			13
Defined benefit plans
Prior service costs		1			(2	)
Net actuarial loss		(15	)		(5	)
Total Pre-tax		(14	)		(7	)
Income Taxes		6			3
Total After-tax		(8	)		(4	)
Total reclassifications during the period	$	4		$	11

PPL Energy Supply LLC [Member]

Accumulated Other Comprehensive Income (Loss)

17. Accumulated Other Comprehensive Income (Loss)

The after-tax changes in AOCI by component for the years ended December 31 were as follows.

	Unrealized gain (losses)						Defined benefit plans
	Available for sale securities			Qualifying derivatives			Prior service costs			Actuarial gain (loss)			Total
December 31, 2011	$	90		$	606		$	(16	)	$	(193	)	$	487
OCI		22			(395	)		6			(72	)		(439	)
December 31, 2012	$	112		$	211		$	(10	)	$	(265	)	$	48
Amounts arising during the year		67						2			71			140
Reclassifications from AOCI		(6	)		(123	)		4			14			(111	)
Net OCI during the year		61			(123	)		6			85			29
December 31, 2013	$	173		$	88		$	(4	)	$	(180	)	$	77
Amounts arising during the period		35						8			(120	)		(77	)
Reclassifications from AOCI		(6	)		(25	)		3			5			(23	)
Net OCI during the year		29			(25	)		11			(115	)		(100	)
December 31, 2014	$	202		$	63		$	7		$	(295	)	$	(23	)

The following table presents the gains (losses) and related income taxes for reclassifications from AOCI for the years ended December 31, 2014 and 2013. The defined benefit plan components of AOCI are not reflected in their entirety in the statement of income; rather, they are included in the computation of net periodic defined benefit costs (credits). See Note 7 for additional information.

	PPL Energy Supply						Affected Line Item on the
Details about AOCI	2014			2013			Statements of Income
Available-for-sale securities	$	13		$	10		Other Income (Expense)–net
Total Pre-tax		13			10
Income Taxes		(7	)		(4	)
Total After-tax		6			6
Qualifying derivatives
Energy commodities		1			240		Unregulated wholesale energy
		31			(58	)	Energy purchases
		8			23		Discontinued operations
		2			2		Other
Total Pre-tax		42			207
Income Taxes		(17	)		(84	)
Total After-tax		25			123
Defined benefit plans
Prior service costs		(4	)		(7	)
Net actuarial loss		(9	)		(24	)
Total Pre-tax		(13	)		(31	)
Income Taxes		5			13
Total After-tax		(8	)		(18	)
Total reclassifications during the period	$	23		$	111