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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value and Cost Of Non-Derivative Instruments
The following table presents the fair value, carrying value and cost of our non-derivative instruments at September 30, 2020 and December 31, 2019. Further information about the fair value of our derivative instruments can be found in Note 5 – Derivative Instruments and Hedging Activities.
September 30, 2020December 31, 2019
$ in millionsCostFair ValueCostFair Value
Assets
Money market funds$0.2 $0.2 $0.3 $0.3 
Equity securities2.1 3.9 2.3 4.2 
Debt securities4.0 4.1 4.0 4.1 
Hedge funds— — 0.1 0.1 
Tangible assets— — 0.1 0.1 
Total Assets$6.3 $8.2 $6.8 $8.8 
Carrying ValueFair ValueCarrying ValueFair Value
Liabilities
Long-term debt$1,393.1 $1,499.4 $1,363.1 $1,404.0 
Fair Value of Assets and Liabilities Measured on Recurring Basis
The fair value of assets and liabilities at September 30, 2020 and December 31, 2019 and the respective category within the fair value hierarchy for DPL is as follows:
$ in millionsFair value at September 30, 2020 (a)Fair value at December 31, 2019 (a)
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets
Master Trust assets
Money market funds$0.2 $— $— $0.2 $0.3 $— $— $0.3 
Equity securities— 3.9 — 3.9 — 4.2 — 4.2 
Debt securities— 4.1 — 4.1 — 4.1 — 4.1 
Hedge funds— — — — — 0.1 — 0.1 
Tangible assets— — — — — 0.1 — 0.1 
Total Master Trust assets0.2 8.0 — 8.2 0.3 8.5 — 8.8 
Derivative assets
Interest rate hedges— — — — — 0.1 — 0.1 
Total Derivative assets— — — — — 0.1 — 0.1 
Total Assets$0.2 $8.0 $— $8.2 $0.3 $8.6 $— $8.9 
Liabilities
Long-term debt$— $1,482.0 $17.4 $1,499.4 $— $1,386.5 $17.5 $1,404.0 
Total Liabilities$— $1,482.0 $17.4 $1,499.4 $— $1,386.5 $17.5 $1,404.0 

(a)    Includes credit valuation adjustment
Subsidiaries [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value and Cost Of Non-Derivative Instruments
The following table presents the fair value, carrying value and cost of our non-derivative instruments at September 30, 2020 and December 31, 2019. Further information about the fair value of our derivative instruments can be found in Note 5 – Derivative Instruments and Hedging Activities.
September 30, 2020December 31, 2019
$ in millionsCostFair ValueCostFair Value
Assets
Money market funds$0.2 $0.2 $0.3 $0.3 
Equity securities2.1 3.9 2.3 4.2 
Debt securities4.0 4.1 4.0 4.1 
Hedge funds— — 0.1 0.1 
Tangible assets— — 0.1 0.1 
Total assets$6.3 $8.2 $6.8 $8.8 
Carrying ValueFair ValueCarrying ValueFair Value
Liabilities
Long-term debt$574.1 $615.2 $574.4 $600.5 
Fair Value of Assets and Liabilities Measured on Recurring Basis
The fair value of assets and liabilities at September 30, 2020 and December 31, 2019 and the respective category within the fair value hierarchy for DP&L is as follows:
$ in millionsFair value at September 30, 2020 (a)Fair value at December 31, 2019 (a)
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets
Master Trust assets
Money market funds$0.2 $— $— $0.2 $0.3 $— $— $0.3 
Equity securities— 3.9 — 3.9 — 4.2 — 4.2 
Debt securities— 4.1 — 4.1 — 4.1 — 4.1 
Hedge funds— — — — — 0.1 — 0.1 
Tangible assets— — — — — 0.1 — 0.1 
Total Master Trust assets0.2 8.0 — 8.2 0.3 8.5 — 8.8 
Derivative assets
Interest rate hedges— — — — — 0.1 — 0.1 
Total derivative assets— — — — — 0.1 — 0.1 
Total assets$0.2 $8.0 $— $8.2 $0.3 $8.6 $— $8.9 
Liabilities
Long-term debt$— $597.8 $17.4 $615.2 $— $583.0 $17.5 $600.5 
Total liabilities$— $597.8 $17.4 $615.2 $— $583.0 $17.5 $600.5 

(a)    Includes credit valuation adjustment