XML 273 R231.htm IDEA: XBRL DOCUMENT v3.24.0.1
DERIVATIVES - Pre-Tax Effects of Derivatives Designated as Hedges on Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]      
Total other operations and maintenance $ 6,093 $ 6,573 $ 5,902
Depreciation and amortization 4,525 3,663 3,565
Interest expense, net of amounts capitalized (2,446) (2,022) (1,837)
Other income (expense), net 553 500 449
Natural gas      
Derivative Instruments, Gain (Loss) [Line Items]      
Cost of sales 1,644 3,004 1,619
Energy-related derivatives | Cost of Sales | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (44) 37 17
Energy-related derivatives | Operating Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on hedges (2) 0 0
Energy-related derivatives | Depreciation and Amortization | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (23) (5) 9
Interest rate derivatives | Interest Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (35) (25) (27)
Interest rate derivatives | Interest Expense | Fair Value Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative 37 (291) (30)
Foreign currency derivatives | Interest Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (11) (19) (24)
Foreign currency derivatives | Other Income (Expense) | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative 19 (83) (104)
Gain (loss) on foreign currency fair value hedges 69 (106) (63)
Amount excluded from effectiveness testing recognized in earnings (21) 24 3
Southern Power      
Derivative Instruments, Gain (Loss) [Line Items]      
Total other operations and maintenance 473 482 423
Depreciation and amortization 504 516 517
Interest expense, net of amounts capitalized (129) (138) (147)
Other income (expense), net 12 7 10
Southern Power | Energy-related derivatives | Depreciation and Amortization | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (23) (5) 9
Southern Power | Foreign currency derivatives | Interest Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative (11) (19) (24)
Southern Power | Foreign currency derivatives | Other Income (Expense) | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative 19 (83) (104)
Southern Company Gas      
Derivative Instruments, Gain (Loss) [Line Items]      
Cost of sales 1,644 3,004 1,619
Total other operations and maintenance 1,194 1,176 1,072
Depreciation and amortization 582 559 536
Interest expense, net of amounts capitalized (310) (263) (238)
Other income (expense), net 57 53 (53)
Southern Company Gas | Energy-related derivatives | Operating Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on hedges (2) 0 0
Southern Company Gas | Interest rate derivatives | Interest Expense | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on hedges (19) (4) 0
Southern Company Gas | Interest rate derivatives | Interest Expense | Fair Value Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on hedges 6 (86) 0
Southern Company Gas | Foreign currency derivatives | Other Income (Expense) | Cash Flow Hedging      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain (loss) on derivative $ (44) $ 37 $ 17