Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss)

17. Accumulated Other Comprehensive Income (Loss)

(PPL and LKE)

The after-tax changes in AOCI by component for the periods ended September 30 were as follows.

	Foreign currency translation adjustments		Unrealized gains (losses) on qualifying derivatives		Defined benefit plans
					Prior service costs		Actuarial gain (loss)		Total
PPL
June 30, 2020	$	(1,777)	$	8	$	(16)	$	(2,817)	$	(4,602)
Amounts arising during the period	643		(52)		—		(16)		575
Reclassifications from AOCI	—		48		—		52		100
Net OCI during the period	643		(4)		—		36		675
September 30, 2020	$	(1,134)	$	4	$	(16)	$	(2,781)	$	(3,927)
December 31, 2019	$	(1,425)	$	(5)	$	(18)	$	(2,910)	$	(4,358)
Amounts arising during the period	291		(16)		—		(17)		258
Reclassifications from AOCI	—		25		2		146		173
Net OCI during the period	291		9		2		129		431
September 30, 2020	$	(1,134)	$	4	$	(16)	$	(2,781)	$	(3,927)
June 30, 2019	$	(1,616)	$	6	$	(18)	$	(2,368)	$	(3,996)
Amounts arising during the period	(285)		16		—		(5)		(274)
Reclassifications from AOCI	—		(22)		—		20		(2)
Net OCI during the period	(285)		(6)		—		15		(276)
September 30, 2019	$	(1,901)	$	—	$	(18)	$	(2,353)	$	(4,272)
December 31, 2018	$	(1,533)	$	(7)	$	(19)	$	(2,405)	$	(3,964)
Amounts arising during the period	(368)		32		—		(10)		(346)
Reclassifications from AOCI	—		(25)		1		62		38
Net OCI during the period	(368)		7		1		52		(308)
September 30, 2019	$	(1,901)	$	—	$	(18)	$	(2,353)	$	(4,272)

	Foreign currency translation adjustments	Unrealized gains (losses) on qualifying derivatives	Defined benefit plans
			Prior service costs		Actuarial gain (loss)		Total
LKE
June 30, 2020			$	(8)	$	(83)	$	(91)
Amounts arising during the period			—		(8)		(8)
Reclassifications from AOCI			—		5		5
Net OCI during the period			—		(3)		(3)
September 30, 2020			$	(8)	$	(86)	$	(94)
December 31, 2019			$	(9)	$	(84)	$	(93)
Amounts arising during the period			—		(9)		(9)
Reclassifications from AOCI			1		7		8
Net OCI during the period			1		(2)		(1)
September 30, 2020			$	(8)	$	(86)	$	(94)
June 30, 2019			$	(8)	$	(83)	$	(91)
Amounts arising during the period			—		—		—
Reclassifications from AOCI			—		—		—
Net OCI during the period			—		—		—
September 30, 2019			$	(8)	$	(83)	$	(91)
December 31, 2018			$	(9)	$	(80)	$	(89)
Amounts arising during the period			—		(2)		(2)
Reclassifications from AOCI			1		(1)		—
Net OCI during the period			1		(3)		(2)
September 30, 2019			$	(8)	$	(83)	$	(91)

The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended September 30.

	Three Months				Nine Months				Affected Line Item on the
Details about AOCI	2020		2019		2020		2019		Statements of Income
Qualifying derivatives
Interest rate swaps	$	(4)	$	(2)	$	(9)	$	(6)	Interest Expense
Cross-currency swaps	(56)		27		(24)		34		Other Income (Expense) - net
Total Pre-tax	(60)		25		(33)		28
Income Taxes	12		(3)		8		(3)
Total After-tax	(48)		22		(25)		25
Defined benefit plans
Prior service costs (a)	(1)		(1)		(3)		(2)
Net actuarial loss (a)	(64)		(25)		(181)		(78)
Total Pre-tax	(65)		(26)		(184)		(80)
Income Taxes	13		6		36		17
Total After-tax	(52)		(20)		(148)		(63)
Total reclassifications during the period	$	(100)	$	2	$	(173)	$	(38)

(a)    These AOCI components are included in the computation of net periodic defined benefit cost. See Note 10 for additional information.