XML 212 R170.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCING - Long-Term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Finance lease obligations $ 298 $ 314
Unamortized fair value adjustment 302 330
Unamortized debt premium (discount), net (198) (193)
Unamortized debt issuance expense (290) (273)
Total long-term debt 59,686 54,941
Less: Amount due within one year 2,476 4,285
Long-Term Debt $ 57,210 50,656
Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.16%  
Long-term debt, gross $ 40,235 35,683
Junior subordinated notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.33%  
Long-term debt, gross $ 8,333 8,836
FFB loans    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 2.88%  
Long-term debt, gross $ 4,788 4,874
Pollution control revenue bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.77%  
Long-term debt, gross $ 3,400 2,844
First mortgage bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.64%  
Long-term debt, gross $ 2,500 2,275
Medium-term notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 7.03%  
Long-term debt, gross $ 84 84
Other long-term debt    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 5.44%  
Long-term debt, gross $ 234 167
Alabama Power    
Debt Instrument [Line Items]    
Finance lease obligations 5 5
Unamortized debt premium (discount), net (20) (18)
Unamortized debt issuance expense (73) (72)
Total long-term debt 11,183 10,630
Less: Amount due within one year 223 301
Long-Term Debt $ 10,960 10,329
Alabama Power | Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.95%  
Long-term debt, gross $ 9,875 9,675
Alabama Power | Pollution control revenue bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.94%  
Long-term debt, gross $ 1,321 995
Alabama Power | Other long-term debt    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 7.04%  
Long-term debt, gross $ 75 45
Georgia Power    
Debt Instrument [Line Items]    
Finance lease obligations 240 238
Unamortized debt premium (discount), net (19) (18)
Unamortized debt issuance expense (122) (117)
Total long-term debt 16,700 14,910
Less: Amount due within one year 502 901
Long-Term Debt $ 16,198 14,009
Georgia Power | Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.34%  
Long-term debt, gross $ 9,575 7,925
Georgia Power | Junior subordinated notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 5.00%  
Long-term debt, gross $ 270 270
Georgia Power | FFB loans    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 2.88%  
Long-term debt, gross $ 4,788 4,874
Georgia Power | Pollution control revenue bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.64%  
Long-term debt, gross $ 1,968 1,738
Mississippi Power    
Debt Instrument [Line Items]    
Finance lease obligations 16 17
Unamortized debt premium (discount), net 1 2
Unamortized debt issuance expense (9) (10)
Total long-term debt 1,644 1,545
Less: Amount due within one year 201 1
Long-Term Debt $ 1,443 1,544
Mississippi Power | Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.27%  
Long-term debt, gross $ 1,525 1,425
Mississippi Power | Pollution control revenue bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.08%  
Long-term debt, gross $ 111 111
Southern Power    
Debt Instrument [Line Items]    
Finance lease obligations 0 0
Unamortized debt premium (discount), net (4) (5)
Unamortized debt issuance expense (13) (14)
Total long-term debt 2,711 2,979
Less: Amount due within one year 0 290
Long-Term Debt 2,711 2,689
Fair value gain (loss) $ (12) (31)
Southern Power | Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.05%  
Long-term debt, gross $ 2,728 2,998
Southern Company Gas    
Debt Instrument [Line Items]    
Finance lease obligations 0 0
Unamortized fair value adjustment 302 330
Unamortized debt premium (discount), net (8) (8)
Unamortized debt issuance expense (34) (30)
Total long-term debt 7,833 7,442
Less: Amount due within one year 0 400
Long-Term Debt $ 7,833 7,042
Southern Company Gas | Senior notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.36%  
Long-term debt, gross $ 4,930 4,769
Southern Company Gas | First mortgage bonds    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.64%  
Long-term debt, gross $ 2,500 2,275
Southern Company Gas | Medium-term notes    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 7.03%  
Long-term debt, gross $ 84 84
Southern Company Gas | Other long-term debt    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.81%  
Long-term debt, gross $ 59 $ 22