Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 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 AOCL for the cash flow hedges for the three and six months ended June 30, 2020 and 2019:

	Three months ended
	June 30, 2020		June 30, 2019
	Interest		Interest
$ in millions (net of tax)	Rate Hedge		Rate Hedge		Power
Beginning accumulated derivative gains in AOCL	$	13.9	$	16.1	$	0.4
Net gains / (losses) associated with current period hedging transactions	0.2		(0.5)		—
Net gains reclassified to earnings
Interest expense	(0.2)		(0.3)		—
Ending accumulated derivative gains in AOCL	$	13.9	$	15.3	$	0.4
	Six months ended
	June 30, 2020		June 30, 2019
	Interest		Interest
$ in millions (net of tax)	Rate Hedge		Rate Hedge		Power
Beginning accumulated derivative gains in AOCL	$	14.5	$	16.6	$	0.4
Net losses associated with current period hedging transactions	(0.1)		(0.8)		—
Net gains reclassified to earnings
Interest expense	(0.5)		(0.5)		—
Ending accumulated derivative gains in AOCL	$	13.9	$	15.3	$	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)	2

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	June 30, 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	$	0.1	$	—

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	June 30, 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	$	0.1	$	—

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 AOCL for the cash flow hedges for the three and six months ended June 30, 2020 and 2019:

	Three months ended
	June 30, 2020		June 30, 2019
	Interest		Interest
$ in millions (net of tax)	Rate Hedge		Rate Hedge
Beginning accumulated derivative gains / (losses) in AOCL	$	(0.8)	$	0.3
Net gains / (losses) associated with current period hedging transactions	0.2		(0.6)
Net gains reclassified to earnings
Interest expense	(0.1)		—
Ending accumulated derivative losses in AOCL	$	(0.7)	$	(0.3)
	Six months ended
	June 30, 2020		June 30, 2019
	Interest		Interest
$ in millions (net of tax)	Rate Hedge		Rate Hedge
Beginning accumulated derivative gains / (losses) in AOCL	$	(0.4)	$	0.6
Net losses associated with current period hedging transactions	(0.1)		(0.8)
Net gains reclassified to earnings
Interest expense	(0.2)		(0.1)
Ending accumulated derivative losses in AOCL	$	(0.7)	$	(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)	2