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Other Income (Expense) - net
 6 Months Ended
Jun. 30, 2012
Other Income (Expense) Net [Abstract]  
Other Income (Expense) - net

12. Other Income (Expense) - net

 

(PPL, PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

 

The breakdown of "Other Income (Expense) - net" for the periods ended June 30 was:

    Three Months Six Months
    2012 2011 2012 2011
PPL            
Other Income            
 Earnings on securities in NDT funds $ 4 $ 3 $ 12 $ 18
 Interest income   2   2   3   4
 AFUDC   3   2   5   3
 Net hedge gains associated with the 2011 Bridge Facility (a)      62      55
 Equity earnings (losses) from unconsolidated affiliates   (4)      (6)   
 Miscellaneous - Domestic   3   4   5   7
 Miscellaneous - U.K.   2   1   2   1
 Total Other Income   10   74   21   88
Other Expense            
 Economic foreign currency exchange contracts (Note 14)   (25)   (2)   (7)   
 Charitable contributions   2   2   6   5
 WPD Midlands acquisition-related costs (Note 8)      26      36
 Foreign currency loss on 2011 Bridge Facility (b)      58      58
 U.K. stamp duty tax      21      21
 Miscellaneous - Domestic   4   1   8   4
 Miscellaneous - U.K.   (1)   2   1   3
 Total Other Expense   (20)   108   8   127
Other Income (Expense) - net $ 30 $ (34) $ 13 $ (39)
               
PPL Energy Supply            
Other Income            
 Earnings on securities in NDT funds $ 4 $ 3 $ 12 $ 18
 Interest income   1   2   1   2
 Miscellaneous   1   1   2   3
 Total Other Income   6   6   15   23
Other Expense            
 Charitable contributions         1   
 Miscellaneous   1   2   4   5
 Total Other Expense   1   2   5   5
Other Income (Expense) - net $ 5 $ 4 $ 10 $ 18

(a)       Represents a gain on foreign currency contracts that hedged the repayment of the 2011 Bridge Facility borrowing.

(b)       Represents a foreign currency loss related to the repayment of the 2011 Bridge Facility borrowing.

 

"Other Income (Expense) - net" for the three and six months ended June 30, 2012 and 2011 for PPL Electric is primarily AFUDC. "Other Income (Expense) - net" for the three and six months ended June 30, 2012 for LKE and KU is primarily equity losses from an unconsolidated affiliate. The components of "Other Income (Expense) - net" for the three and six months ended June 30, 2012 and 2011 for LG&E are not significant.