Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2020

The following tables provide information on gains or losses recognized in AOCL for the cash flow hedges for the periods indicated:


	Years ended December 31,
	2020		2019				2018
$ in millions (net of tax)	Interest Rate Hedge		Power		Interest Rate Hedge		Power		Interest Rate Hedge
Beginning accumulated derivative gain in AOCL	$	14.5	$	0.4	$	16.6	$	(2.8)	$	17.5

Net gains / (losses) associated with current period hedging transactions	—		—		(1.0)		—		(0.1)
Net (gains) / losses reclassified to earnings:
Interest Expense	(0.9)		—		(1.1)		—		(0.8)
(Income) / loss from discontinued operations before income tax	—		(0.4)		—		3.2		—
Ending accumulated derivative gain in AOCL	$	13.6	$	—	$	14.5	$	0.4	$	16.6

Portion expected to be reclassified to earnings in the next twelve months	$	(0.8)

The following table summarizes the fair value, balance sheet classification and hedging designation of DPL’s interest rate swaps.


			December 31,
$ in millions	Hedging Designation	Balance sheet classification	2020		2019
Interest rate swap	Cash Flow Hedge	Prepayments and other current assets	$	—	$	0.1


	Years ended December 31,
	2020		2019		2018
$ in millions (net of tax)	Interest Rate Hedge		Interest Rate Hedge		Interest Rate Hedge
Beginning accumulated derivative gain / (loss) in AOCL	$	(0.4)	$	0.6	$	1.4

Net gains associated with current period hedging transactions	(0.2)		(0.8)		(0.1)
Net gains reclassified to earnings:
Interest expense	0.6		(0.2)		(0.7)
Ending accumulated derivative gain / (loss) in AOCL	$	—	$	(0.4)	$	0.6

The following table summarizes the fair value, balance sheet classification and hedging designation of DP&L’s interest rate swaps.


			December 31,
$ in millions	Hedging Designation	Balance sheet classification	2020		2019
Interest rate swap	Cash Flow Hedge	Prepayments and other current assets	$	—	$	0.1