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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data in Thousands
Total
Common Stock
Additional Paid-in Capital
Earnings Reinvested
Accumulated Other Comprehensive Loss
Non-controlling Interests
PPL Energy Supply LLC [Member]
PPL Energy Supply LLC [Member]
Members Equity [Member]
PPL Energy Supply LLC [Member]
Non-controlling Interests
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock
PPL Electric Utilities Corp [Member]
Preference Stock
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital
PPL Electric Utilities Corp [Member]
Earnings Reinvested
LG And E And KU Energy LLC [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital
Louisville Gas And Electric Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock
Kentucky Utilities Co [Member]
Additional Paid-in Capital
Kentucky Utilities Co [Member]
Earnings Reinvested
Kentucky Utilities Co [Member]
Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2011                   $ 2,125 $ 364 $ 250 $ 979 $ 532   $ 1,762 $ 424 $ 1,278 $ 60 $ 2,745 $ 308 $ 2,348 $ 89  
Balance at beginning of period at Dec. 31, 2011 11,096 6 6,813 4,797 (788) 268                                    
Balance at beginning of period at Dec. 31, 2011                             3,741                  
Balance at beginning of period - shares at Dec. 31, 2011   578,405 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at beginning of period at Dec. 31, 2011             4,037 4,019 18                              
Common stock shares issued [1],[5]   1,115                                            
Common stock issued [5] 32   32                                          
Stock-based compensation [6] 17   17                                          
Net income (loss) 545     541   4 309 309   37 [7]       37 53 [7] 25 [8]     25 38 [7]     38  
Dividends, dividend equivalents and distributions [9] (213)     (209)   (4)                                    
Cash dividends declared on preference stock                   (4)       (4)                    
Cash dividends declared on common stock                   (35)       (35)   (15)     (15) (24)     (24)  
Distributions to member             (557) (557)             (25)                  
Contributions from member                                                 
Capital contributions from parent                                                   
Other comprehensive income (loss) 58       58   (58) (58)             (4)         (4)       (4)
Balance at end of period at Mar. 31, 2012                   2,123 364 250 979 530   1,772 424 1,278 70 2,755 308 2,348 103 (4)
Balance at end of period at Mar. 31, 2012 11,535 6 6,862 5,129 (730) 268                                    
Balance at end of period at Mar. 31, 2012                             3,765                  
Balance at end of period - shares at Mar. 31, 2012   579,520 [1]                 66,368 [2]           21,294 [3]       37,818 [4]      
Balance at end of period at Mar. 31, 2012             3,731 3,713 18                              
Balance at beginning of period at Dec. 31, 2012 10,480                 2,062 364    1,135 563   1,810 424 1,278 108 2,783 308 2,348 126 1
Balance at beginning of period at Dec. 31, 2012 10,498 6 6,936 5,478 (1,940) [10] 18                                    
Balance at beginning of period at Dec. 31, 2012             3,830               3,786                  
Balance at beginning of period - shares at Dec. 31, 2012 581,944 581,944 [1]               66,368 66,368 [2]         21,294 21,294 [3]     37,818 37,818 [4]      
Balance at beginning of period at Dec. 31, 2012             3,848 3,830 [10] 18                              
Common stock shares issued [1],[5]   1,270                                            
Common stock issued [5] 37   37                                          
Stock-based compensation [6] 15   15                                          
Net income (loss) 413     413     (38) (38)   64 [7]       64 96 [7] 44 [8]     44 64 [7]     64  
Dividends, dividend equivalents and distributions [9] (215)     (215)                                        
Cash dividends declared on common stock                   (25)       (25)   (19)     (19) (13)     (13)  
Distributions to member             (313) (313)             (4)                  
Contributions from member                             75                  
Capital contributions from parent                   60     60     25   25   50   50    
Other comprehensive income (loss) (206)       (206)   (3) (3)             (1)                  
Balance at end of period at Mar. 31, 2013 10,524                 2,161 364    1,195 602   1,860 424 1,303 133 2,884 308 2,398 177 1
Balance at end of period at Mar. 31, 2013 10,542 6 6,988 5,676 (2,146) [10] 18                                    
Balance at end of period at Mar. 31, 2013             3,476               3,952                  
Balance at end of period - shares at Mar. 31, 2013 583,214 583,214 [1]               66,368 66,368 [2]         21,294 21,294 [3]     37,818 37,818 [4]      
Balance at end of period at Mar. 31, 2013             $ 3,494 $ 3,476 [10] $ 18                              
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Each period includes shares of common stock issued through various stock and incentive compensation plans.
[6] The three months ended March 31, 2013 and 2012 include $28 million and $29 million of stock-based compensation expense related to new and existing unvested equity awards. These periods also include $(13) million and $(12) million related primarily to the reclassification from "Stock-based compensation" to "Common stock issued" for the issuance of common stock after applicable equity award vesting periods and tax adjustments related to stock-based compensation.
[7] Net income approximates comprehensive income.
[8] Net income equals comprehensive income.
[9] "Earnings reinvested" includes dividends and dividend equivalents on PPL Corporation common stock and restricted stock units. "Noncontrolling interests" includes dividends and distributions to noncontrolling interests.
[10] See Note 18 for disclosure of balances of each component of AOCI.