Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

(PPL)

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

	Unrealized gains (losses)  on qualifying derivatives				Defined benefit plans
			Equity investees' AOCI		Prior service costs		Actuarial gain (loss)		Total
PPL
December 31, 2022	$	3	$	2	$	(5)	$	(124)	$	(124)
Amounts arising during the period	—		1		—		—		1
Reclassifications from AOCI	1		—		—		(1)		—
Net OCI during the period	1		1		—		(1)		1
March 31, 2023	$	4	$	3	$	(5)	$	(125)	$	(123)
December 31, 2021	$	1	$	—	$	(6)	$	(152)	$	(157)
Amounts arising during the period	—		1		(1)		—		—
Reclassifications from AOCI	1		—		1		3		5
Net OCI during the period	1		1		—		3		5
March 31, 2022	$	2	$	1	$	(6)	$	(149)	$	(152)

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	2023		2022		Statements of Income
Qualifying derivatives
Interest rate swaps	$	(1)	$	(1)	Interest Expense
Total Pre-tax	(1)		(1)
Income Taxes	—		—
Total After-tax	(1)		(1)
Defined benefit plans
Prior service costs (a)	—		(1)
Net actuarial loss (a)	1		(4)
Total Pre-tax	1		(5)
Income Taxes	—		1
Total After-tax	1		(4)
Total reclassifications during the period	$	—	$	(5)

(a)    These AOCI components are included in the computation of net periodic defined benefit cost. See Note 9 for additional information.