XML 51 R76.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Hedging Activities (Risk Disclosures) (Details)
9 Months Ended 3 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended
Sep. 30, 2014
Cash Flow Hedges [Member]
USD ($)
Sep. 30, 2014
Cash Flow Hedges [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Cash Flow Hedges [Member]
Cross Currency Interest Rate Swaps [Member]
USD ($)
Sep. 30, 2014
Economic Hedges [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Economic Hedges [Member]
Foreign Currency Contracts [Member]
USD ($)
Sep. 30, 2014
Economic Hedges [Member]
Foreign Currency Contracts [Member]
GBP (£)
Sep. 30, 2014
Net Investment Hedges [Member]
Foreign Currency Contracts [Member]
USD ($)
Sep. 30, 2014
Net Investment Hedges [Member]
Foreign Currency Contracts [Member]
GBP (£)
Sep. 30, 2013
Net Investment Hedges [Member]
Intercompany Loans [Member]
USD ($)
Sep. 30, 2014
Net Investment Hedges [Member]
Intercompany Loans [Member]
Sep. 30, 2013
Net Investment Hedges [Member]
Intercompany Loans [Member]
USD ($)
Sep. 30, 2014
Net Investment Hedges [Member]
Combined Foreign Currency Contracts And Intercompany Loans [Member]
USD ($)
Sep. 30, 2014
WPD [Member]
Net Investment Hedges [Member]
Intercompany Loans [Member]
USD ($)
Sep. 30, 2014
WPD [Member]
Net Investment Hedges [Member]
Intercompany Loans [Member]
GBP (£)
Sep. 30, 2014
LG And E And KU Energy LLC [Member]
USD ($)
Sep. 30, 2013
LG And E And KU Energy LLC [Member]
USD ($)
Sep. 30, 2014
LG And E And KU Energy LLC [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
LG And E And KU Energy LLC [Member]
Cash Flow Hedges [Member]
Interest Rate Swap Contracts [Member]
Sep. 30, 2014
LG And E And KU Energy LLC [Member]
Economic Hedges [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Oct. 31, 2014
LG And E And KU Energy LLC [Member]
Subsequent Event [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Louisville Gas And Electric Co [Member]
USD ($)
Sep. 30, 2013
Louisville Gas And Electric Co [Member]
USD ($)
Sep. 30, 2014
Louisville Gas And Electric Co [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Louisville Gas And Electric Co [Member]
Cash Flow Hedges [Member]
Interest Rate Swap Contracts [Member]
Sep. 30, 2014
Louisville Gas And Electric Co [Member]
Economic Hedges [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Oct. 31, 2014
Louisville Gas And Electric Co [Member]
Subsequent Event [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Kentucky Utilities Co [Member]
USD ($)
Sep. 30, 2013
Kentucky Utilities Co [Member]
USD ($)
Sep. 30, 2014
Kentucky Utilities Co [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Sep. 30, 2014
Kentucky Utilities Co [Member]
Cash Flow Hedges [Member]
Interest Rate Swap Contracts [Member]
Oct. 31, 2014
Kentucky Utilities Co [Member]
Subsequent Event [Member]
Interest Rate Swap Contracts [Member]
USD ($)
Interest Rate Risk And Foreign Currency Risk [Line Items]                                                              
Notional amount   $ 1,200,000,000 $ 1,300,000,000 $ 179,000,000     $ 494,000,000 £ 306,000,000                 $ 650,000,000   $ 179,000,000 $ 350,000,000     $ 325,000,000   $ 179,000,000 $ 175,000,000     $ 325,000,000   $ 175,000,000
Notional amount of nonderivative instruments                         56,000,000 34,000,000                                  
Interest Rate Risk - Cash Flow Hedges (Numeric) [Abstract]                                                              
Year of expiration of the maximum maturity date of interest rate cash flow hedge contracts   2045                             2045     2045     2045     2045     2045   2045
Latest maturity date of cross-currency cash flow hedge contracts     2028                                                        
Insignificant or no hedge ineffectiveness associated with interest rate cash flow hedges For the three months ended September 30, 2014 and 2013, PPL had no hedge ineffectiveness associated with interest rate derivatives. There were insignificant amounts of hedge ineffectiveness associated with interest rate derivatives for the nine months ended September 30, 2014 and 2013.                                 For the three and nine months ended September 30, 2014, there was no hedge ineffectiveness recorded for the interest rate derivatives.           For the three and nine months ended September 30, 2014, there was no hedge ineffectiveness recorded for the interest rate derivatives.           For the three and nine months ended September 30, 2014, there was no hedge ineffectiveness recorded for the interest rate derivatives.  
No or insignificant after-tax gains (losses) previously recorded in AOCI reclassified to earnings related to interest rate cash flow hedge contracts For the nine months ended September 30, 2014, PPL had an insignificant amount reclassified associated with discontinued cash flow hedges. There were no such reclassifications for the three months ended September 30, 2014 and the three and nine months ended September 30, 2013.                                                            
Net unrealized after-tax gains (losses) on interest rate cash flow hedge contracts expected to be reclassified into earnings during next 12 months (13,000,000)                                                            
Cash settlement on terminated swaps                             0 98,000,000         0 49,000,000         0 49,000,000      
Interest Rate Risk - Economic Activity (Numeric) [Abstract]                                                              
Year of expiration of the maximum maturity date of interest rate economic activity contracts       2033                             2033           2033            
Foreign Currency Risk - Net Investment Hedges (Numeric) [Abstract]                                                              
Earliest settlement date of net investment hedge contracts             November 2014 November 2014                                              
Latest settlement date of net investment hedge contracts             June 2016 June 2016                                              
Net after tax gains (losses) on net investment hedges recognized in the foreign currency translation adjustment component of AOCI                 (9,000,000)   (3,000,000)                                        
Insignificant or no net after tax gains (losses) on net investment hedges recognized in the foreign currency translation adjustment component of AOCI                   At September 30, 2014, PPL had $4 million of accumulated net investment hedge after tax gains (losses) that were included in the foreign currency translation adjustment component of AOCI, compared to an insignificant amount at December 31, 2013.   For the three and nine months ended September 30, 2014, PPL recognized an insignificant amount of net investment hedge gains (losses) on the intercompany loans in the foreign currency translation adjustment component of OCI.                                      
Net after tax gains (losses) on net investment hedges included in the foreign currency translation adjustment component of AOCI                       4,000,000                                      
Foreign Currency Risk - Economic Activity (Numeric) [Abstract]                                                              
Total exposure hedged related to foreign currency contracts for anticipated earnings hedges classified as economic activity         $ 2,600,000,000 £ 1,600,000,000                                                  
Earliest termination date of foreign currency contracts for anticipated earnings hedges classified as economic activity         October 2014 October 2014                                                  
Latest termination date of foreign currency contracts for anticipated earnings hedges classified as economic activity         December 2016 December 2016