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Retirement Benefits (Tables)
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Pension Plans and Postretirement Plans
Components of the net periodic benefit costs for the three and six months ended June 30, 2018 and 2017 are presented in the following tables.
Three Months Ended June 30, 2018
Southern
Company
 
Alabama
Power
 
Georgia
Power
 
Gulf
Power
 
Mississippi
Power
 
Southern Power
 
Southern Company Gas
 
(in millions)
Pension Plans
Service cost
$
89

 
$
20

 
$
21

 
$
4

 
$
4

 
$
2

 
$
8

Interest cost
116

 
25

 
35

 
5

 
5

 
2

 
9

Expected return on plan assets
(235
)
 
(53
)
 
(74
)
 
(10
)
 
(10
)
 
(2
)
 
(17
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
1

 
1

 
1

 

 

 

 

Regulatory asset

 

 

 

 

 

 
4

Net (gain)/loss
54

 
13

 
17

 
3

 
2

 

 
3

Net periodic pension cost (income)
$
25

 
$
6

 
$

 
$
2

 
$
1

 
$
2

 
$
7

Postretirement Benefits
Service cost
$
6

 
$
2

 
$
1

 
$
1

 
$
1

 
$

 
$

Interest cost
18

 
4

 
7

 

 
1

 

 
3

Expected return on plan assets
(17
)
 
(7
)
 
(7
)
 
(1
)
 
(1
)
 

 
(2
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
1

 
1

 
1

 

 

 

 

Regulatory asset

 

 

 

 

 

 
2

Net (gain)/loss
4

 
1

 
2

 

 

 

 

Net periodic postretirement benefit cost
$
12

 
$
1

 
$
4

 
$

 
$
1

 
$

 
$
3

Six Months Ended June 30, 2018
Southern
Company
 
Alabama
Power
 
Georgia
Power
 
Gulf
Power
 
Mississippi
Power
 
Southern Power
 
Southern Company Gas
 
(in millions)
Pension Plans
Service cost
$
179

 
$
39

 
$
43

 
$
8

 
$
8

 
$
4

 
$
16

Interest cost
232

 
50

 
70

 
10

 
10

 
3

 
19

Expected return on plan assets
(471
)
 
(104
)
 
(148
)
 
(20
)
 
(20
)
 
(5
)
 
(35
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
2

 
1

 
1

 

 

 

 
(1
)
Regulatory asset

 

 

 

 

 

 
7

Net (gain)/loss
107

 
27

 
34

 
5

 
5

 
1

 
6

Net periodic pension cost (income)
$
49

 
$
13

 
$

 
$
3

 
$
3

 
$
3

 
$
12

Postretirement Benefits
Service cost
$
12

 
$
3

 
$
3

 
$
1

 
$
1

 
$

 
$
1

Interest cost
37

 
8

 
14

 
1

 
2

 

 
5

Expected return on plan assets
(34
)
 
(13
)
 
(13
)
 
(1
)
 
(1
)
 

 
(4
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory asset
3

 
2

 
1

 

 

 

 
3

Net (gain)/loss
7

 
1

 
4

 

 

 

 

Net periodic postretirement benefit cost
$
25

 
$
1

 
$
9

 
$
1

 
$
2

 
$

 
$
5

Three Months Ended
June 30, 2017(*)
Southern
Company
 
Alabama
Power
 
Georgia
Power
 
Gulf
Power
 
Mississippi
Power
 
Southern Company Gas
 
(in millions)
Pension Plans
Service cost
$
74


$
16


$
18


$
4


$
3


$
5

Interest cost
113


24


35


5


5


10

Expected return on plan assets
(225
)

(49
)

(70
)

(9
)

(10
)

(17
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
3




1




1


(1
)
Net (gain)/loss
41


11


14


1


2


5

Net periodic pension cost (income)
$
6


$
2


$
(2
)

$
1


$
1


$
2

Postretirement Benefits
Service cost
$
6

 
$
2

 
$
1

 
$
1

 
$
1

 
$

Interest cost
20

 
4

 
8

 

 
1

 
2

Expected return on plan assets
(17
)
 
(8
)
 
(6
)
 
(1
)
 
(1
)
 
(1
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
1

 
1

 
1

 

 

 

Net (gain)/loss
5

 
1

 
1

 

 

 
1

Net periodic postretirement benefit cost
$
15

 
$

 
$
5

 
$

 
$
1

 
$
2

(*)
Excludes Southern Power since Southern Power did not participate in the qualified pension and postretirement benefit plans until December 2017.
Six Months Ended
June 30, 2017(*)
Southern
Company
 
Alabama
Power
 
Georgia
Power
 
Gulf
Power
 
Mississippi
Power
 
Southern Company Gas
 
(in millions)
Pension Plans
Service cost
$
147

 
$
32

 
$
37

 
$
7

 
$
7

 
$
11

Interest cost
227

 
48

 
69

 
10

 
10

 
20

Expected return on plan assets
(449
)
 
(98
)
 
(141
)
 
(19
)
 
(20
)
 
(35
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
6

 
1

 
2

 

 
1

 
(1
)
Net (gain)/loss
81

 
21

 
28

 
3

 
4

 
10

Net periodic pension cost (income)
$
12

 
$
4

 
$
(5
)
 
$
1

 
$
2

 
$
5

Postretirement Benefits
Service cost
$
12

 
$
3

 
$
3

 
$
1

 
$
1

 
$
1

Interest cost
40

 
9

 
15

 
1

 
2

 
5

Expected return on plan assets
(33
)
 
(14
)
 
(12
)
 
(1
)
 
(1
)
 
(3
)
Amortization:
 
 
 
 
 
 
 
 
 
 
 
Prior service costs
3

 
2

 
1

 

 

 
(1
)
Net (gain)/loss
7

 
1

 
3

 

 

 
2

Net periodic postretirement benefit cost
$
29

 
$
1

 
$
10

 
$
1

 
$
2

 
$
4

(*)
Excludes Southern Power since Southern Power did not participate in the qualified pension and postretirement benefit plans until December 2017.