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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data
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 Mar. 31, 2012                   $ 2,123 $ 364 $ 250 $ 979 $ 530   $ 1,772 $ 424 $ 1,278 $ 70 $ 2,755 $ 308 $ 2,348 $ 103 $ (4)
Balance at beginning of period at Mar. 31, 2012 11,535 6 6,862 5,129 (730) 268                                    
Balance at beginning of period at Mar. 31, 2012                             3,765                  
Balance at beginning of period - shares at Mar. 31, 2012   579,520,000 [1]                 66,368,000 [2]           21,294,000 [3]       37,818,000 [4]      
Balance at beginning of period at Mar. 31, 2012             3,731 3,713 18                              
Common stock shares issued [1],[5]   693,000                                            
Common stock issued [5] 18    18                                          
Stock-based compensation [6] 6   6                                          
Net income (loss) 271     271     19 19   29 [7]       29 44 [7] 26 [8]     26 30 [7]     30  
Dividends, dividend equivalents, redemptions and distributions [9] (460)     (210)   (250)                                    
Cash dividends declared on common stock                   (21)       (21)   (16)     (16) (24)     (24)  
Distributions to member             (100) (100)             (35)                  
Contributions from member             472 472                                
Redemption of preferred stock [10]                   (250)   (250)                        
Other comprehensive income (loss) (390)       (390)   (122) (122)                                
Balance at end of period at Jun. 30, 2012                   1,881 364    979 538   1,782 424 1,278 80 2,761 308 2,348 109  
Balance at end of period at Jun. 30, 2012 10,980 6 6,886 5,190 (1,120) 18                                    
Balance at end of period at Jun. 30, 2012                             3,774                  
Balance at end of period - shares at Jun. 30, 2012   580,213,000 [1]                 66,368,000 [2]           21,294,000 [3]       37,818,000 [4]      
Balance at end of period at Jun. 30, 2012             4,000 3,982 18                              
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   578,405,000 [1]                 66,368,000 [2]           21,294,000 [3]       37,818,000 [4]      
Balance at beginning of period at Dec. 31, 2011             4,037 4,019 18                              
Common stock shares issued [1],[5]   1,808,000                                            
Common stock issued [5] 50    50                                          
Purchase Contracts                                                  
Stock-based compensation [6] 23   23                                          
Net income (loss) 816     812   4 328 328   66 [7]       66 97 [7] 51 [8]     51 68 [7]     68  
Dividends, dividend equivalents, redemptions and distributions [9] (673)     (419)   (254)                                    
Cash dividends declared on preference stock                   (4)       (4)                    
Cash dividends declared on common stock                   (56)       (56)   (31)     (31) (48)     (48)  
Distributions to member             (657) (657)             (60)                  
Contributions from member             472 472                                 
Capital contributions from parent                                                   
Redemption of preferred stock [10]                   (250)   (250)                        
Other comprehensive income (loss) (332)       (332)   (180) (180)             (4)         (4)       (4)
Balance at end of period at Jun. 30, 2012                   1,881 364    979 538   1,782 424 1,278 80 2,761 308 2,348 109 (4)
Balance at end of period at Jun. 30, 2012 10,980 6 6,886 5,190 (1,120) 18                                    
Balance at end of period at Jun. 30, 2012                             3,774                  
Balance at end of period - shares at Jun. 30, 2012   580,213,000 [1]                 66,368,000 [2]           21,294,000 [3]       37,818,000 [4]      
Balance at end of period at Jun. 30, 2012             4,000 3,982 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  
Balance at beginning of period at Dec. 31, 2012 10,498 6 6,936 5,478 (1,940) 18                                    
Balance at beginning of period at Dec. 31, 2012             3,830               3,786                  
Balance at beginning of period - shares at Dec. 31, 2012 581,944,000 581,944,000 [1]               66,368,000 66,368,000 [2]         21,294,000 21,294,000 [3]     37,818,000        
Balance at beginning of period at Dec. 31, 2012             3,848 3,830 [11] 18 [11]                              
Common stock shares issued [1],[5]   10,608,000                                            
Common stock issued [5] 282   282                                          
Common stock shares repurchased 930,000 930,000 [12]                                            
Common stock repurchased [12] 28   28                                          
Cash settlement of equity forward agreements [12] (13)   (13)                                          
Stock-based compensation [6] 18   18                                          
Net income (loss) 818     818     48 48   109 [7]       109 160 [7] 73 [8]     73 108 [7]     108  
Dividends, dividend equivalents, redemptions and distributions [9] (433)     (433)                                        
Cash dividends declared on common stock                   (66)       (66)   (48)     (48) (55)     (55)  
Distributions to member             (408) (408)             (69)                  
Contributions from member             105 105             146                  
Capital contributions from parent                   205     205     54   54   92   92    
Other comprehensive income (loss) (188)       (188)   (34) (34)             (1)                  
Balance at end of period at Jun. 30, 2013 10,936                 2,310 364    1,340 606   1,889 424 1,332 133 2,928 308 2,440 179 1
Balance at end of period at Jun. 30, 2013 10,954 6 7,195 5,863 (2,128) 18                                    
Balance at end of period at Jun. 30, 2013             3,541               4,022                  
Balance at end of period - shares at Jun. 30, 2013 591,622,000                 66,368,000           21,294,000       37,818,000        
Balance at end of period at Jun. 30, 2013             3,559 3,541 [11] 18 [11]                              
Balance at beginning of period at Mar. 31, 2013                   2,161 364    1,195 602   1,860 424 1,303 133 2,884 308 2,398 177 1
Balance at beginning of period at Mar. 31, 2013 10,542 6 6,988 5,676 (2,146) 18                                    
Balance at beginning of period at Mar. 31, 2013                             3,952                  
Balance at beginning of period - shares at Mar. 31, 2013   583,214,000 [1]                             21,294,000 [3]     37,818,000 [4]        
Balance at beginning of period at Mar. 31, 2013 [11]             3,494 3,476 18                              
Common stock shares issued [1],[5]   9,338,000                                            
Common stock issued [5] 245   245                                          
Common stock shares repurchased [12]   930,000                                            
Common stock repurchased [12] 28   28                                          
Cash settlement of equity forward agreements [12] (13)   (13)                                          
Stock-based compensation [6] 3   3                                          
Net income (loss) 405     405     86 86   45 [7]       45 64 [7] 29 [8]     29 44 [7]     44  
Dividends, dividend equivalents, redemptions and distributions [9] (218)     (218)                                        
Cash dividends declared on common stock                   (41)       (41)   (29)     (29) (42)     (42)  
Distributions to member             (95) (95)             (65)                  
Contributions from member             105 105             71                  
Capital contributions from parent                   145     145     29   29   42   42    
Other comprehensive income (loss) 18       18   (31) (31)                                
Balance at end of period at Jun. 30, 2013 10,936                 2,310 364    1,340 606   1,889 424 1,332 133 2,928 308 2,440 179 1
Balance at end of period at Jun. 30, 2013 10,954 6 7,195 5,863 (2,128) 18                                    
Balance at end of period at Jun. 30, 2013             3,541               4,022                  
Balance at end of period - shares at Jun. 30, 2013 591,622,000                 66,368,000           21,294,000       37,818,000        
Balance at end of period at Jun. 30, 2013             $ 3,559 $ 3,541 [11] $ 18 [11]                              
[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. The 2013 periods include the April issuance of shares of common stock. See Note 7 for additional information.
[6] The three and six months ended June 30, 2013 include $8 million and $36 million and the three and six months ended June 30, 2012 include $6 million and $35 million of stock-based compensation expense related to new and existing unvested equity awards. The three and six months ended June 30, 2013 include $(5) million and $(18) million and the six months ended June 30, 2012 includes $(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 common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests. In June 2012, PPL Electric redeemed all of its outstanding preference stock at par value, which was classified as noncontrolling interest.
[10] In June 2012, PPL Electric redeemed all of its outstanding preference stock.
[11] See Note 18 for disclosure of balances of each component of AOCI.
[12] See Note 7 for additional information.