Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets, excluding derivative instruments of discontinued operations.

						December 31, 2015								December 31, 2014
						Derivatives designated as				Derivatives not designated				Derivatives designated as				Derivatives not designated
						hedging instruments				as hedging instruments				hedging instruments				as hedging instruments
						Assets		Liabilities		Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps (b)					$	24			$	5			$	94			$	5
			Cross-currency swaps (b)			$	35										3
			Foreign currency
				contracts			10			$	94		1	$	12			$	67
					Total current		45		24		94		6		12		97		67		5
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps (b)										42				14				43
			Cross-currency swaps (b)				51								29
			Foreign currency
				contracts							105				5				46		2
					Total noncurrent		51				105		42		34		14		46		45
Total derivatives						$	96	$	24	$	199	$	48	$	46	$	111	$	113	$	50

(a)Included in "'Price risk management assets" of Current Assets, "Other current liabilities", "Other noncurrent assets" and "Other deferred credits and noncurrent liabilities" on the Balance Sheets.

(b)Excludes accrued interest, if applicable.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liabilities.

									Gain (Loss) Recognized
									in Income on Derivative
				Derivative Gain		Location of Gain (Loss)	Gain (Loss) Reclassified		(Ineffective Portion and
			Derivative	(Loss) Recognized in		Recognized in Income	from AOCI into Income		Amount Excluded from
			Relationships	OCI (Effective Portion)		on Derivative	(Effective Portion)		Effectiveness Testing)
2015
	Cash Flow Hedges:
		Interest rate swaps		$	(34)	Interest Expense	$	(11)
						Discontinued operations			$	(77)
		Cross-currency swaps			60	Other Income (Expense) - net		49
						Interest Expense		2
		Commodity contracts				Discontinued operations		13		7
	Total			$	26		$	53	$	(70)
	Net Investment Hedges:
		Foreign currency contracts		$	9
2014
	Cash Flow Hedges:
		Interest rate swaps		$	(91)	Interest Expense	$	(18)	$	2
		Cross-currency swaps			58	Other Income (Expense) - net		57
						Interest Expense		4
		Commodity contracts				Discontinued operations		42
	Total			$	(33)		$	85	$	2
	Net Investment Hedges:
		Foreign currency contracts		$	23
2013
	Cash Flow Hedges:
		Interest rate swaps		$	127	Interest Expense	$	(20)
		Cross-currency swaps			(41)	Other Income (Expense) - net		(28)
						Interest Expense		1
		Commodity contracts				Discontinued operations		210	$	1
	Total			$	86		$	163	$	1
	Net Investment Hedges:
		Foreign currency contracts		$	(14)

Derivatives Not Designated as	Location of Gain (Loss) Recognized in
Hedging Instruments	Income on Derivative		2015		2014		2013
Foreign currency contracts	Other Income (Expense) - net	$	122	$	121	$	(38)
Interest rate swaps	Interest Expense		(8)		(8)		(8)
	Total	$	114	$	113	$	(46)
Derivatives Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets		2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	(22)	$	(66)
	Regulatory liabilities - noncurrent					$	72
Derivatives Not Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets		2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	1	$	(12)	$	22

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets							Liabilities
				Eligible for Offset							Eligible for Offset
						Cash							Cash
				Derivative		Collateral					Derivative		Collateral
		Gross		Instruments		Received	Net		Gross		Instruments		Pledged		Net
December 31, 2015
Treasury Derivatives
	PPL	$	295	$	25		$	270	$	72	$	25	$	9	$	38

LKE	47	9	38
LG&E	47	9	38

December 31, 2014
Treasury Derivatives
	PPL	$	159	$	65	$	94	$	161	$	65	$	21	$	75

LKE	114	20	94
LG&E	81	20	61
KU	33		33

Credit Risk-Related Contingent Features

At December 31, 2015, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

		PPL		LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	28	$	28	$	28
Aggregate fair value of collateral posted on these derivative instruments			9		9		9
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		19		19		19

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

LG And E And KU Energy LLC [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				December 31, 2015		December 31, 2014
				Assets	Liabilities	Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				$	66

(a)Represents the location on the Balance Sheet.

The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.

					December 31, 2015			December 31, 2014
					Assets	Liabilities			Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps			$	5			$	5
				Total current			5				5
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				42				43
				Total noncurrent			42				43
Total derivatives						$	47			$	48

(a)Represents the location on the Balance Sheets.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following table presents the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory assets and liabilities.

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	(22)	$	(66)
	Regulatory liabilities - noncurrent					$	72

The following tables present the pre-tax effect of derivativesnot designated as cash flow hedges that are recognized in income or regulatory assets.

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Interest Expense	$	(8)	$	(8)	$	(8)

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	1	$	(12)	$	22

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets							Liabilities
				Eligible for Offset							Eligible for Offset
						Cash							Cash
				Derivative		Collateral					Derivative		Collateral
		Gross		Instruments		Received	Net		Gross		Instruments		Pledged		Net
December 31, 2015
Treasury Derivatives
	PPL	$	295	$	25		$	270	$	72	$	25	$	9	$	38

LKE	47	9	38
LG&E	47	9	38

December 31, 2014
Treasury Derivatives
	PPL	$	159	$	65	$	94	$	161	$	65	$	21	$	75

LKE	114	20	94
LG&E	81	20	61
KU	33		33

Credit Risk-Related Contingent Features

At December 31, 2015, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

		PPL		LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	28	$	28	$	28
Aggregate fair value of collateral posted on these derivative instruments			9		9		9
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		19		19		19

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

Louisville Gas And Electric Co [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				December 31, 2015		December 31, 2014
				Assets	Liabilities	Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				$	33

(a)Represents the location on the balance sheet.

The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.

					December 31, 2015			December 31, 2014
					Assets	Liabilities			Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps			$	5			$	5
				Total current			5				5
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				42				43
				Total noncurrent			42				43
Total derivatives						$	47			$	48

(a)Represents the location on the Balance Sheets.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following table presents the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory assets and liabilities.

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Regulatory asset - noncurrent	$	(11)	$	(33)
	Regulatory liabilities - noncurrent					$	36

The following tables present the pre-tax effect of derivativesnot designated as cash flow hedges that are recognized in income or regulatory assets.

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Interest Expense	$	(8)	$	(8)	$	(8)

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	1	$	(12)	$	22

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets							Liabilities
				Eligible for Offset							Eligible for Offset
						Cash							Cash
				Derivative		Collateral					Derivative		Collateral
		Gross		Instruments		Received	Net		Gross		Instruments		Pledged		Net
December 31, 2015
Treasury Derivatives
	PPL	$	295	$	25		$	270	$	72	$	25	$	9	$	38

LKE	47	9	38
LG&E	47	9	38

December 31, 2014
Treasury Derivatives
	PPL	$	159	$	65	$	94	$	161	$	65	$	21	$	75

LKE	114	20	94
LG&E	81	20	61
KU	33		33

Credit Risk-Related Contingent Features

At December 31, 2015, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

		PPL		LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	28	$	28	$	28
Aggregate fair value of collateral posted on these derivative instruments			9		9		9
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		19		19		19

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

Kentucky Utilities Co [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				December 31, 2015		December 31, 2014
				Assets	Liabilities	Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				$	33

(a)Represents the location on the Balance Sheets

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

Derivative Instruments	Location of Gain (Loss)	2015		2014		2013
Interest rate swaps	Regulatory assets - noncurrent	$	(11)	$	(33)
	Regulatory liabilities - noncurrent					$	36

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets							Liabilities
				Eligible for Offset							Eligible for Offset
						Cash							Cash
				Derivative		Collateral					Derivative		Collateral
		Gross		Instruments		Received	Net		Gross		Instruments		Pledged		Net
December 31, 2015
Treasury Derivatives
	PPL	$	295	$	25		$	270	$	72	$	25	$	9	$	38

LKE	47	9	38
LG&E	47	9	38

December 31, 2014
Treasury Derivatives
	PPL	$	159	$	65	$	94	$	161	$	65	$	21	$	75

LKE	114	20	94
LG&E	81	20	61
KU	33		33