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Comprehensive Income
 3 Months Ended
Mar. 31, 2020
Comprehensive Income COMPREHENSIVE INCOME

The disclosures in this note apply to all Registrants except AEPTCo unless indicated otherwise.

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI and details of reclassifications from AOCI.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs. See Note 7 - Benefit Plans for additional details.

AEP
 
 
Cash Flow Hedges
 
Pension
 
 
Three Months Ended March 31, 2020
 
Commodity
 
Interest Rate
 
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
(103.5
)
 
$
(11.5
)
 
$
(32.7
)
 
$
(147.7
)
Change in Fair Value Recognized in AOCI
 
(65.3
)
 
(42.7
)
(a)
—

 
(108.0
)
Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
 
 
Generation & Marketing Revenues (a)
 
(0.1
)
 
—

 
—

 
(0.1
)
Purchased Electricity for Resale (b)
 
51.1

 
—

 
—

 
51.1

Interest Expense (b)
 
—

 
0.9

 
—

 
0.9

Amortization of Prior Service Cost (Credit)
 
—

 
—

 
(4.9
)
 
(4.9
)
Amortization of Actuarial (Gains) Losses
 
—

 
—

 
2.6

 
2.6

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
51.0

 
0.9

 
(2.3
)
 
49.6

Income Tax (Expense) Benefit
 
10.7

 
0.2

 
(0.5
)
 
10.4

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
40.3

 
0.7

 
(1.8
)
 
39.2

Net Current Period Other Comprehensive Income (Loss)
 
(25.0
)
 
(42.0
)
 
(1.8
)
 
(68.8
)
Balance in AOCI as of March 31, 2020
 
$
(128.5
)
 
$
(53.5
)
 
$
(34.5
)
 
$
(216.5
)
 
 
Cash Flow Hedges
 
Pension
 
 
Three Months Ended March 31, 2019
 
Commodity
 
Interest Rate
 
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(23.0
)
 
$
(12.6
)
 
$
(84.8
)
 
$
(120.4
)
Change in Fair Value Recognized in AOCI
 
(38.8
)
 
—

 
—

 
(38.8
)
Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
 
 
Purchased Electricity for Resale (b)
 
12.3

 
—

 
—

 
12.3

Interest Expense (b)
 
—

 
0.2

 
—

 
0.2

Amortization of Prior Service Cost (Credit)
 
—

 
—

 
(4.8
)
 
(4.8
)
Amortization of Actuarial (Gains) Losses
 
—

 
—

 
3.0

 
3.0

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
12.3

 
0.2

 
(1.8
)
 
10.7

Income Tax (Expense) Benefit
 
2.6

 
—

 
(0.4
)
 
2.2

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
9.7

 
0.2

 
(1.4
)
 
8.5

Net Current Period Other Comprehensive Income (Loss)
 
(29.1
)
 
0.2

 
(1.4
)
 
(30.3
)
Balance in AOCI as of March 31, 2019
 
$
(52.1
)
 
$
(12.4
)
 
$
(86.2
)
 
$
(150.7
)


AEP Texas
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2020
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
(3.4
)
 
$
(9.4
)
 
$
(12.8
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.4

 
—

 
0.4

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.3

 
—

 
0.3

Net Current Period Other Comprehensive Income (Loss)
 
0.3

 
—

 
0.3

Balance in AOCI as of March 31, 2020
 
$
(3.1
)
 
$
(9.4
)
 
$
(12.5
)
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2019
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(4.4
)
 
$
(10.7
)
 
$
(15.1
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.4

 
—

 
0.4

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.3

 
—

 
0.3

Net Current Period Other Comprehensive Income (Loss)
 
0.3

 
—

 
0.3

Balance in AOCI as of March 31, 2019
 
$
(4.1
)
 
$
(10.7
)
 
$
(14.8
)


APCo
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2020
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
0.9

 
$
4.1

 
$
5.0

Change in Fair Value Recognized in AOCI
 
(3.9
)
 
—

 
(3.9
)
Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
(0.4
)
 
—

 
(0.4
)
Amortization of Prior Service Cost (Credit)
 
—

 
(1.3
)
 
(1.3
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.1

 
0.1

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.4
)
 
(1.2
)
 
(1.6
)
Income Tax (Expense) Benefit
 
(0.1
)
 
(0.3
)
 
(0.4
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.3
)
 
(0.9
)
 
(1.2
)
Net Current Period Other Comprehensive Income (Loss)
 
(4.2
)
 
(0.9
)
 
(5.1
)
Balance in AOCI as of March 31, 2020
 
$
(3.3
)
 
$
3.2

 
$
(0.1
)
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2019
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
1.8

 
$
(6.8
)
 
$
(5.0
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
(0.3
)
 
—

 
(0.3
)
Amortization of Prior Service Cost (Credit)
 
—

 
(1.3
)
 
(1.3
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.5

 
0.5

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
 
(0.8
)
 
(1.1
)
Income Tax (Expense) Benefit
 
(0.1
)
 
(0.2
)
 
(0.3
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
 
(0.6
)
 
(0.8
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
 
(0.6
)
 
(0.8
)
Balance in AOCI as of March 31, 2019
 
$
1.6

 
$
(7.4
)
 
$
(5.8
)

I&M
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2020
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
(9.9
)
 
$
(1.7
)
 
$
(11.6
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.2
)
 
(0.2
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.2

 
0.2

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
—

 
0.5

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
—

 
0.4

Balance in AOCI as of March 31, 2020
 
$
(9.5
)
 
$
(1.7
)
 
$
(11.2
)
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2019
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(11.5
)
 
$
(2.3
)
 
$
(13.8
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.2
)
 
(0.2
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.2

 
0.2

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
—

 
0.5

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
—

 
0.4

Balance in AOCI as of March 31, 2019
 
$
(11.1
)
 
$
(2.3
)
 
$
(13.4
)


OPCo
 
 
Cash Flow Hedge –
Three Months Ended March 31, 2020
 
Interest Rate
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
—

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
Interest Expense (b)
 
—

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
—

Income Tax (Expense) Benefit
 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
—

Net Current Period Other Comprehensive Income (Loss)
 
—

Balance in AOCI as of March 31, 2020
 
$
—

 
 
Cash Flow Hedge –
Three Months Ended March 31, 2019
 
Interest Rate
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
1.0

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
Interest Expense (b)
 
(0.4
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.4
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.3
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.3
)
Balance in AOCI as of March 31, 2019
 
$
0.7


PSO
 
 
Cash Flow Hedge –
Three Months Ended March 31, 2020
 
Interest Rate
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
1.1

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
Interest Expense (b)
 
(0.3
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
Balance in AOCI as of March 31, 2020
 
$
0.9

 
 
Cash Flow Hedge –
Three Months Ended March 31, 2019
 
Interest Rate
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
2.1

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
Interest Expense (b)
 
(0.3
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
Balance in AOCI as of March 31, 2019
 
$
1.9



SWEPCo
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2020
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2019
 
$
(1.8
)
 
$
0.5

 
$
(1.3
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.5
)
 
(0.5
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
(0.5
)
 
—

Income Tax (Expense) Benefit
 
0.1

 
(0.1
)
 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
(0.4
)
 
—

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
(0.4
)
 
—

Balance in AOCI as of March 31, 2020
 
$
(1.4
)
 
$
0.1

 
$
(1.3
)
 
 
Cash Flow Hedge –
 
Pension
 
 
Three Months Ended March 31, 2019
 
Interest Rate
 
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(3.3
)
 
$
(2.1
)
 
$
(5.4
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (b)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.5
)
 
(0.5
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.1

 
0.1

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
(0.4
)
 
0.1

Income Tax (Expense) Benefit
 
0.1

 
(0.1
)
 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
(0.3
)
 
0.1

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
(0.3
)
 
0.1

Balance in AOCI as of March 31, 2019
 
$
(2.9
)
 
$
(2.4
)
 
$
(5.3
)


(a)
The change in fair value includes $5 million related to AEP's investment in joint venture wind farms acquired as part of the purchase of Sempra Renewables LLC for the three months ended March 31, 2020.
(b)
Amounts reclassified to the referenced line item on the statements of income.