Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss)

17. Accumulated Other Comprehensive Income (Loss)

(PPL)

The after-tax changes in AOCI by component for the periods ended March 31 were as follows.

	Foreign currency translation adjustments (a)		Unrealized gains (losses)  on qualifying derivatives		Defined benefit plans (b)
					Prior service costs		Actuarial gain (loss)		Total
PPL
December 31, 2020	$	(1,158)	$	—	$	(16)	$	(3,046)	$	(4,220)
Amounts arising during the period	303		(30)		—		—		273
Reclassifications from AOCI	—		25		—		40		65
Net OCI during the period	303		(5)		—		40		338
March 31, 2021	$	(855)	$	(5)	$	(16)	$	(3,006)	$	(3,882)
December 31, 2019	$	(1,425)	$	(5)	$	(18)	$	(2,910)	$	(4,358)
Amounts arising during the period	(61)		8		—		—		(53)
Reclassifications from AOCI	—		(3)		1		47		45
Net OCI during the period	(61)		5		1		47		(8)
March 31, 2020	$	(1,486)	$	—	$	(17)	$	(2,863)	$	(4,366)

(a)    Amounts relate to operations of the U.K. utility business.

(b)    Substantially all of the amounts relate to pension plans of the U.K. utility business. At March 31, 2021, the combined accumulated other comprehensive loss related to these plans was $2.8 billion.

The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended March 31.

	Three Months				Affected Line Item on the
Details about AOCI	2021		2020		Statements of Income
Qualifying derivatives
Interest rate swaps	$	(1)	$	(2)	Interest Expense
	(1)		(1)		Income (Loss) from Discontinued Operations (net of income taxes)
Cross-currency swaps	(37)		6		Income (Loss) from Discontinued Operations (net of income taxes)
Total Pre-tax	(39)		3
Income Taxes	14		—
Total After-tax	(25)		3
Defined benefit plans
Prior service costs (a)	—		(1)
Net actuarial loss (a)	(62)		(59)
Total Pre-tax	(62)		(60)
Income Taxes	22		12
Total After-tax	(40)		(48)
Total reclassifications during the period	$	(65)	$	(45)

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