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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data in Thousands
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested
Accumulated Other Comprehensive Loss
Non-controlling Interests
PPL Energy Supply [Member]
PPL Energy Supply [Member]
Member's Equity
PPL Energy Supply [Member]
Non-controlling Interests
PPL Electric [Member]
PPL Electric [Member]
Common Stock
PPL Electric [Member]
Preferred Securities
PPL Electric [Member]
Additional Paid-in Capital
PPL Electric [Member]
Earnings Reinvested
LKE [Member]
LGE [Member]
LGE [Member]
Common Stock
LGE [Member]
Additional Paid-in Capital
LGE [Member]
Earnings Reinvested
KU [Member]
KU [Member]
Common Stock
KU [Member]
Additional Paid-in Capital
KU [Member]
Earnings Reinvested
KU [Member]
Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2010 $ 8,478 $ 5 $ 4,602 $ 4,082 $ (479) $ 268                                    
Balance at beginning of period at Dec. 31, 2010                   1,944 364 250 879 451   1,721 424 1,278 19 2,691 308 2,348 35 0
Balance at beginning of period - shares at Dec. 31, 2010   483,391 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at beginning of period at Dec. 31, 2010                             4,011                  
Balance at beginning of period at Dec. 31, 2010             4,509 4,491 18                              
Common stock shares issued [1],[5]   1,227                                            
Common stock issued [5] 40   40                                          
Stock-based compensation [6] (5)   (5)                                          
Net income 405     401   4 214 214   56       56 87 39     39 58     58  
Dividends, dividend equivalents and distributions [7] (175)     (171)   (4)                                    
Cash dividends declared on preferred securities                   (4)       (4)                    
Cash dividends declared on common stock                   (18)       (18)   (17)     (17) (31)     (31)  
Distributions             (81) (81)                                
Distributions to member                             (54)                  
Distribution of membership interest in PPL Global [8]             (1,288) (1,288)                                
Other comprehensive income (loss) 55       55   (20) (20)             (2)         (1)       (1)
Balance at end of period at Mar. 31, 2011 8,798 5 4,637 4,312 (424) 268                                    
Balance at end of period at Mar. 31, 2011                   1,978 364 250 879 485   1,743 424 1,278 41 2,717 308 2,348 62 (1)
Balance at end of period - shares at Mar. 31, 2011   484,618 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at end of period at Mar. 31, 2011                             4,042                  
Balance at end of period at Mar. 31, 2011             3,334 3,316 18                              
Balance at beginning of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) 268                                    
Balance at beginning of period at Dec. 31, 2011 10,828                 2,125 364 250 979 532   1,762 424 1,278 60 2,745 308 2,348 89 0
Balance at beginning of period - shares at Dec. 31, 2011 578,405 578,405 [1]               66,368 66,368 [2]         21,294 21,294 [3]     37,818 37,818 [4]      
Balance at beginning of period at Dec. 31, 2011             4,019               3,741                  
Balance at beginning of period at Dec. 31, 2011             4,037 4,019 18                              
Common stock shares issued [1],[5]   1,115                                            
Common stock issued [5] 32   32                                          
Stock-based compensation [6] 17   17                                          
Net income 545     541   4 309 309   37       37 53 25     25 38     38  
Dividends, dividend equivalents and distributions [7] (213)     (209)   (4)                                    
Cash dividends declared on preferred securities                   (4)       (4)                    
Cash dividends declared on common stock                   (35)       (35)   (15)     (15) (24)     (24)  
Distributions             (557) (557)                                
Distributions to member                             (25)                  
Other comprehensive income (loss) 58       58   (58) (58)             (4)         (4)       (4)
Balance at end of period at Mar. 31, 2012 11,535 6 6,862 5,129 (730) 268                                    
Balance at end of period at Mar. 31, 2012 11,267                 2,123 364 250 [9] 979 530   1,772 424 1,278 70 2,755 308 2,348 103 (4)
Balance at end of period - shares at Mar. 31, 2012 579,520 579,520 [1]               66,368 66,368 [2]         21,294 21,294 [3]     37,818 37,818 [4]      
Balance at end of period at Mar. 31, 2012             3,713               3,765                  
Balance at end of period at Mar. 31, 2012             $ 3,731 $ 3,713 $ 18                              
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented to any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Each period includes shares of common stock issued through various stock and incentive compensation plans.
[6] The three months ended March 31, 2012 and 2011 include $29 million and $17 million of stock-based compensation expense related to new and existing unvested equity awards. These periods also include the reclassification of $(12) million and $(22) million related primarily to the reclassification from "Stock-based compensation" to "Common stock issued" for the issuance of common stock after applicable equity award vesting periods and tax adjustments related to stock-based compensation.
[7] "Earnings reinvested" includes dividends and dividend equivalents on PPL Corporation common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests.
[8] In January 2011, PPL Energy Supply distributed its entire membership interest in PPL Global to PPL Energy Supply's parent, PPL Energy Funding. The distribution was made based on the book value of the assets and liabilities of PPL Global with financial effect as of January 1, 2011, and no gains or losses were recognized on the distribution.
[9] In April 2012, PPL Electric gave notice that it had elected to redeem all of its outstanding preference stock on June 18, 2012. See Note 7 for additional information.