Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Gains or Losses Recognized in AOCI for the Cash Flow Hedges

The following tables provide information concerning gains or losses recognized in AOCI for the cash flow hedges for the three months ended March 31, 2020 and 2019:

	Three months ended
	March 31, 2020			March 31, 2019
	Interest			Interest
$ in millions (net of tax)	Rate Hedge			Rate Hedge			Power
Beginning accumulated derivative gains in AOCI	$	14.5		$	16.6		$	0.4
Net losses associated with current period hedging transactions	(0.3		)	(0.3		)	—
Net gains reclassified to earnings
Interest expense	(0.3		)	(0.2		)	—
Ending accumulated derivative gains in AOCI	$	13.9		$	16.1		$	0.4
Portion expected to be reclassified to earnings in the next twelve months	$	(1.1	)
Maximum length of time that we are hedging our exposure to variability in future cash flows related to forecasted transactions (in months)	5

Financial Statement Effect

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

DPL has elected not to offset derivative assets and liabilities and not to offset net derivative positions against the right to reclaim cash collateral pledged (an asset) or the obligation to return cash collateral received (a liability) under derivative agreements. The fair value derivative position of DPL's interest rate swaps are as follows:

$ in millions (net of tax)	Hedging Designation	Balance sheet classification	March 31, 2020			December 31, 2019
Interest rate swap	Cash Flow Hedge	Prepayments and other current assets	$	—		$	0.1
Interest rate swap	Cash Flow Hedge	Accrued and other current liabilities	$	(0.3	)	$	—

DP&L has elected not to offset derivative assets and liabilities and not to offset net derivative positions against the right to reclaim cash collateral pledged (an asset) or the obligation to return cash collateral received (a liability) under derivative agreements. The fair value derivative position of DP&L's interest rate swaps are as follows:

$ in millions (net of tax)	Hedging Designation	Balance sheet classification	March 31, 2020			December 31, 2019
Interest rate swap	Cash Flow Hedge	Prepayments and other current assets	$	—		$	0.1
Interest rate swap	Cash Flow Hedge	Accrued and other current liabilities	$	(0.3	)	$	—

THE DAYTON POWER AND LIGHT COMPANY [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Gains or Losses Recognized in AOCI for the Cash Flow Hedges

The following tables provide information concerning gains or losses recognized in AOCI for the cash flow hedges for the three months ended March 31, 2020 and 2019:

	Three months ended
	March 31, 2020			March 31, 2019
	Interest			Interest
$ in millions (net of tax)	Rate Hedge			Rate Hedge
Beginning accumulated derivative gains / (losses) in AOCI	$	(0.4	)	$	0.6
Net losses associated with current period hedging transactions	(0.3		)	(0.2		)
Net gains reclassified to earnings
Interest expense	(0.1		)	(0.1		)
Ending accumulated derivative gains / (losses) in AOCI	$	(0.8	)	$	0.3
Portion expected to be reclassified to earnings in the next twelve months	$	(0.1	)
Maximum length of time that we are hedging our exposure to variability in future cash flows related to forecasted transactions (in months)	5