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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]
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, 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 [1]                 66,368 [2]         21,294 [3]       37,818 [4]      
Balance at beginning of period at Mar. 31, 2013             3,494 3,476 18                            
Common stock shares issued [1],[5]   9,338                                          
Common stock issued [5] 245   245                                        
Common stock shares repurchased   930                                          
Common stock repurchased (28)   (28)                                        
Cash settlement of equity forward agreements (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 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                   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                           4,022                  
Balance at end of period - shares at Jun. 30, 2013   591,622 [1]                 66,368 [2]         21,294 [3]       37,818 [4]      
Balance at end of period at Jun. 30, 2013             3,559 3,541 18                            
Balance at beginning of period at Dec. 31, 2012                   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) 18                                  
Balance at beginning of period at Dec. 31, 2012                           3,786                  
Balance at beginning of period - shares at Dec. 31, 2012   581,944 [1]                 66,368 [2]         21,294 [3]       37,818 [4]      
Balance at beginning of period at Dec. 31, 2012             3,848 3,830 18                            
Common stock shares issued [1],[5]   10,608                                          
Common stock issued [5] 282   282                                        
Common stock shares repurchased   930                                          
Common stock repurchased (28)   (28)                                        
Cash settlement of equity forward agreements (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 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                   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                           4,022                  
Balance at end of period - shares at Jun. 30, 2013   591,622 [1]                 66,368 [2]         21,294 [3]       37,818 [4]      
Balance at end of period at Jun. 30, 2013             3,559 3,541 18                            
Balance at beginning of period at Dec. 31, 2013 12,466                 2,349 364 1,340 645   1,960 424 1,364 172 3,044 308 2,505 230 1
Balance at beginning of period at Dec. 31, 2013   6 8,316 5,709 (1,565)                                    
Balance at beginning of period at Dec. 31, 2013             4,798             4,150                  
Balance at beginning of period - shares at Dec. 31, 2013 630,321 630,321 [1]               66,368 66,368 [2]       21,294 21,294 [3]     37,818 37,818 [4]      
Balance at beginning of period at Dec. 31, 2013               4,798                              
Common stock shares issued [1],[5]   33,697                                          
Common stock issued [5] 1,028 1 1,027                                        
Stock-based compensation [6] 15   15                                        
Net income (loss) 545     545     (53) (53)   137 [7]     137 180 [7] 87 [8]     87 117 [7]     117  
Dividends, dividend equivalents and distributions [9] (486)     (486)                                      
Cash dividends declared on common stock                   (87)     (87)   (60)     (60) (86)     (86)  
Distributions to member             (914) (914)           (221)                  
Contributions from member             730 730           119                  
Capital Contributions From Parent                   95   95     53   53   66   66    
Other comprehensive income (loss) 167       167   8 8           (3)         (1)       (1)
Balance at end of period at Jun. 30, 2014 13,735                 2,494 364 1,435 695   2,040 424 1,417 199 3,140 308 2,571 261  
Balance at end of period at Jun. 30, 2014   7 9,358 5,768 (1,398)                                    
Balance at end of period at Jun. 30, 2014             4,569             4,225                  
Balance at end of period - shares at Jun. 30, 2014 664,018                 66,368 66,368 [2]       21,294 21,294 [3]     37,818 37,818 [4]      
Balance at end of period at Jun. 30, 2014               4,569                              
Balance at beginning of period at Mar. 31, 2014                   2,467 364 1,405 698   1,985 424 1,364 197 3,123 308 2,545 270  
Balance at beginning of period at Mar. 31, 2014 12,717 6 8,352 5,788 (1,429)                                    
Balance at beginning of period at Mar. 31, 2014                           4,200                  
Balance at beginning of period - shares at Mar. 31, 2014   631,417 [1]                 66,368 [2]         21,294 [3]     37,818 [4]        
Balance at beginning of period at Mar. 31, 2014             4,079 4,079                              
Common stock shares issued [1],[5]   32,601                                          
Common stock issued [5] 998 1 997                                        
Stock-based compensation [6] 9   9                                        
Net income (loss) 229     229     13 13   52 [7]     52 65 [7] 35 [8]     35 40 [7]     40  
Dividends, dividend equivalents and distributions [9] (249)     (249)                                      
Cash dividends declared on common stock                   (55)     (55)   (33)     (33) (49)     (49)  
Distributions to member             (260) (260)           (117)                  
Contributions from member             730 730           79                  
Capital Contributions From Parent                   30   30     53   53   26   26    
Other comprehensive income (loss) 31       31   7 7           (2)                  
Balance at end of period at Jun. 30, 2014 13,735                 2,494 364 1,435 695   2,040 424 1,417 199 3,140 308 2,571 261  
Balance at end of period at Jun. 30, 2014   7 9,358 5,768 (1,398)                                    
Balance at end of period at Jun. 30, 2014             4,569             4,225                  
Balance at end of period - shares at Jun. 30, 2014 664,018                 66,368 66,368 [2]       21,294 21,294 [3]     37,818 37,818 [4]      
Balance at end of period at Jun. 30, 2014               $ 4,569                              
[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 2014 periods include the May issuance of shares of common stock to settle the 2011 Purchase Contracts. See Note 7 for additional information. The 2013 periods include the April issuance of shares of common stock to settle the forward sales agreements.
[6] The three and six months ended June 30, 2014 include $12 million and $39 million and the three and six months ended June 30, 2013 include $8 million and $36 million of stock-based compensation expense related to new and existing unvested equity awards. The three and six months ended June 30, 2014 include $(3) million and $(24) million and the three and six months ended June 30, 2013 include $(5) million and $(18) 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] Includes dividends and dividend equivalents on PPL common stock and restricted stock units.