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CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Millions, except Share data in Thousands
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Successor [Member]
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 Stock [Member]
PPL Electric [Member]
Additional Paid-in Capital
PPL Electric [Member]
Earnings Reinvested
LKE [Member]
Successor [Member]
LKE [Member]
Predecessor [Member]
LKE [Member]
Member's Equity
Successor [Member]
LKE [Member]
Member's Equity
Predecessor [Member]
LKE [Member]
Non-controlling Interests
Successor [Member]
LKE [Member]
Non-controlling Interests
Predecessor [Member]
LGE [Member]
LGE [Member]
Successor [Member]
LGE [Member]
Predecessor [Member]
LGE [Member]
Common Stock
Successor [Member]
LGE [Member]
Common Stock
Predecessor [Member]
LGE [Member]
Additional Paid-in Capital
Successor [Member]
LGE [Member]
Additional Paid-in Capital
Predecessor [Member]
LGE [Member]
Earnings Reinvested
Successor [Member]
LGE [Member]
Earnings Reinvested
Predecessor [Member]
LGE [Member]
Accumulated Other Comprehensive Loss
Successor [Member]
LGE [Member]
Accumulated Other Comprehensive Loss
Predecessor [Member]
KU [Member]
KU [Member]
Successor [Member]
KU [Member]
Predecessor [Member]
KU [Member]
Common Stock
Successor [Member]
KU [Member]
Common Stock
Predecessor [Member]
KU [Member]
Additional Paid-in Capital
Successor [Member]
KU [Member]
Additional Paid-in Capital
Predecessor [Member]
KU [Member]
Earnings Reinvested
Successor [Member]
KU [Member]
Earnings Reinvested
Predecessor [Member]
KU [Member]
Accumulated Other Comprehensive Loss
Successor [Member]
KU [Member]
Accumulated Other Comprehensive Loss
Predecessor [Member]
Balance at beginning of period at Dec. 31, 2008                     $ 1,646 $ 364 $ 301 $ 424 $ 557                 $ 1,234   $ 424   $ 84   $ 740   $ (14) [1]     $ 1,744   $ 308   $ 241   $ 1,195   $ 0
Balance at beginning of period at Dec. 31, 2008 5,396 4 2,196 3,862 (985) [1]   319                                                                        
Balance at beginning of period - shares at Dec. 31, 2008   374,581 [2]                   66,368 [3]                           21,294 [4]                     37,818 [5]            
Balance at beginning of period at Dec. 31, 2008               4,812 4,794 [1] 18             3,797   3,765 [1]   32 [1]                                            
Common stock shares issued [2],[6]   2,649                                                                                  
Common stock issued 83   83                                                                                
Common stock shares repurchased   47                                                                                  
Common stock repurchased (1)   (1)                                                                                
Stock-based compensation 2   2                                                                                
Net income 426     407     19 247 246 1 142       142   (1,537)   (1,542)   5     95   0   0   95   0     133   0   0   133   0
Dividends, dividend equivalents and distributions                                 (2)   0   (2)                                            
Dividends, dividend equivalents, redemptions and distributions [7] (540)     (521)     (19)                                                                        
Cash dividends declared on preferred securities                     (18)       (18)                                                        
Cash dividends declared on common stock                     (274)       (274)                 (80)   0   0   (80)   0                      
Distributions to member               (944) (943) (1)             (49)   (49)   0                                            
Contributions from member               50 50               0                                   75   0   75   0   0
Capital contributions from PPL                     400     400                                                          
Other comprehensive income (loss) 449       449     421 421               15   15   0     4   0   0   0   4     0                
Noncontrolling interest - income (loss) from discontinued operations                                 0   3   (3)                                            
Cumulative effect adjustment [8]       1 (1)                                                                            
Balance at end of period at Dec. 31, 2009                     1,896 364   824 407                 1,253   424   84   755   (10) [1]     1,952   308   316   1,328   0
Balance at end of period at Dec. 31, 2009 5,815 4 2,280 3,749 (537) [1]   319                                                                        
Balance at end of period - shares at Dec. 31, 2009   377,183 [2]                   66,368 [3]                           21,294 [4]                     37,818 [5]            
Balance at end of period at Dec. 31, 2009               4,586 4,568 [1] 18             2,224   2,192 [1]   32 [1]                                            
Net income                                 190   190   0     109   0   0   109   0     140   0   0   140   0
Cash dividends declared on common stock                                               (55)   0   0   (55)   0     (50)   0   0   (50)   0
Distributions to member                                 (81)   (81)   0                                            
Contributions from member                                 0                                   0                
Other comprehensive income (loss)                                 (10)   (10)   0     10   0   0   0   10     (2)   0   0   0   (2)
Noncontrolling interest - income (loss) from discontinued operations                                 (43)   (11)   (32)                                            
Balance at end of period at Oct. 31, 2010                                               1,317   424   84   809   0     2,040   308   316   1,418   (2) [1]
Balance at end of period - shares at Oct. 31, 2010                                                   21,294 [4]                     37,818 [5]            
Balance at end of period at Oct. 31, 2010                                 2,280   2,280 [1]   0                                            
Balance at beginning of period at Dec. 31, 2009                     1,896 364 301 824 407                                                        
Balance at beginning of period at Dec. 31, 2009 5,815 4 2,280 3,749 (537) [1]   319                                                                        
Balance at beginning of period - shares at Dec. 31, 2009   377,183 [2]                   66,368 [3]                                                              
Balance at beginning of period at Dec. 31, 2009               4,586 4,568 [1] 18                                                                  
Common stock shares issued [2],[6]   106,208                                                                                  
Common stock issued 2,491 [6] 1 2,490 [6]                                                                                
Purchase Contracts [9] (176)   (176)                                                                                
Stock-based compensation 8   8                                                                                
Net income 959     938     21 862 861 1 135       135                                                        
Dividends, dividend equivalents, redemptions and distributions [7] (677)     (605)     (72)                                                                        
Cash dividends declared on preferred securities                     (17)       (17)                                                        
Cash dividends declared on common stock                     (71)       (71)                                                        
Distributions to member               (4,693) (4,692) (1)                                                                  
Contributions from member               3,625 3,625                                                                    
Capital contributions from PPL                     55     55                                                          
Redemption of preferred stock [10]                     (54)   (51)   (3)                                                        
Other comprehensive income (loss) 58       58     129 129                                                                    
Balance at end of period at Dec. 31, 2010 8,210                     364 250 879 451                                                        
Balance at end of period at Dec. 31, 2010 8,478 5 4,602 4,082 (479) [1]   268       1,944                     1,721                     2,691                    
Balance at end of period - shares at Dec. 31, 2010 483,391 483,391 [2]                 66,368 66,368 [3]                   21,294                     37,818                    
Balance at end of period at Dec. 31, 2010               4,509 4,491 [1] 18                                                                  
Balance at beginning of period at Oct. 31, 2010                                                                                      
Effect Of PPL Acquisition           0                   213   213   0     385   0   1,194   (809)         616   0   2,032   (1,418)   2  
Net income                               47   47   0     19   0   0   19   0     35   0   0   35   0  
Distributions to member                               (100)   (100)   0                                              
Contributions from member                               1,565   1,565   0                           0                  
Other comprehensive income (loss)                               6   6   0     0                     0                  
Balance at end of period at Dec. 31, 2010 8,210                     364   879 451                   424   1,278   19   0         308   2,348   35   0  
Balance at end of period at Dec. 31, 2010 8,478 5 4,602 4,082 (479) [1]   268       1,944                     1,721                     2,691                    
Balance at end of period - shares at Dec. 31, 2010 483,391 483,391 [2]                 66,368 66,368 [3]                   21,294     21,294 [4]               37,818     37,818 [5]              
Balance at end of period at Dec. 31, 2010               4,509 4,491 [1] 18               4,011 [1]   0                                              
Common stock shares issued [2],[6]   95,014                                                                                  
Common stock issued 2,345 [6] 1 2,344 [6]                                                                                
Purchase Contracts [9] (143)   (143)                                                                                
Stock-based compensation 10   10                                                                                
Net income 1,512     1,495     17 769 768 1 189       189 265   265   0     124   0   0   124   0     178   0   0   178   0  
Dividends, dividend equivalents, redemptions and distributions [7] (797)     (780)     (17)                                                                        
Cash dividends declared on preferred securities                     (16)       (16)                                                        
Cash dividends declared on common stock                     (92)       (92)               (83)   0   0   (83)   0     (124)   0   0   (124)   0  
Distributions to member               (317) (316) (1)           (533)   (533)   0                                              
Distribution of membership interest in PPL Global [11]               (1,288) (1,288)                                                                    
Contributions from member               461 461             0                                   0                  
Capital contributions from PPL                     100     100                                                          
Other comprehensive income (loss) (309)       (309)     (97) (97)             (2)   (2)   0     0                     0                  
Balance at end of period at Dec. 31, 2011 10,828                     364 250 979 532                   424   1,278   60   0         308   2,348   89   0  
Balance at end of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) [1]   268       2,125                     1,762                     2,745                    
Balance at end of period - shares at Dec. 31, 2011 578,405 578,405 [2]                 66,368 66,368 [3]                   21,294     21,294 [4]               37,818     37,818 [5]              
Balance at end of period at Dec. 31, 2011               $ 4,037 $ 4,019 [1] $ 18               $ 3,741 [1]   $ 0                                              
[1] See “General - Comprehensive Income” in Note 1 for disclosure of balances of each component of AOCI.
[2] Shares in thousands. Each share entitles the holder to one vote on any question presented to any shareowners' meeting.
[3] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[4] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[5] Shares in thousands. All common shares of KU stock are owned by LKE.
[6] 2011 includes the April issuance of 92 million shares of common stock. See Note 7 for additional information. 2010 includes the June issuance of 103.5 million shares of common stock. Each year includes shares of common stock issued through various stock and incentive compensation plans.
[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. 2010 includes $54 million paid to redeem PPL Electric's preferred stock, including an insignificant premium.
[8] Recorded in connection with the adoption of accounting guidance related to the recognition and presentation of other-than-temporary impairments.
[9] 2011 includes $123 million for the 2011 Purchase Contracts and $20 million of related fees and expenses, net of tax. See Note 7 for additional information. 2010 includes $157 million for the 2010 Purchase Contracts and $19 million of related fees and expenses, net of tax.
[10] In April 2010, PPL Electric redeemed all of its outstanding preferred stock. See Note 3 for additional information.
[11] See Note 9 for additional information.