Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The after-tax changes in AOCI by component for the periods ended June 30 were as follows.

	Foreign currency translation adjustments		Unrealized gains (losses) on qualifying derivatives		Defined benefit plans
					Prior service costs		Actuarial gain (loss)		Total
PPL
March 31, 2020	$	(1,486)	$	—	$	(17)	$	(2,863)	$	(4,366)
Amounts arising during the period	(291)		28		—		(1)		(264)
Reclassifications from AOCI	—		(20)		1		47		28
Net OCI during the period	(291)		8		1		46		(236)
June 30, 2020	$	(1,777)	$	8	$	(16)	$	(2,817)	$	(4,602)
December 31, 2019	$	(1,425)	$	(5)	$	(18)	$	(2,910)	$	(4,358)
Amounts arising during the period	(352)		36		—		(1)		(317)
Reclassifications from AOCI	—		(23)		2		94		73
Net OCI during the period	(352)		13		2		93		(244)
June 30, 2020	$	(1,777)	$	8	$	(16)	$	(2,817)	$	(4,602)
March 31, 2019	$	(1,239)	$	(2)	$	(19)	$	(2,387)	$	(3,647)
Amounts arising during the period	(377)		35		—		(2)		(344)
Reclassifications from AOCI	—		(27)		1		21		(5)
Net OCI during the period	(377)		8		1		19		(349)
June 30, 2019	$	(1,616)	$	6	$	(18)	$	(2,368)	$	(3,996)
December 31, 2018	$	(1,533)	$	(7)	$	(19)	$	(2,405)	$	(3,964)
Amounts arising during the period	(83)		16		—		(5)		(72)
Reclassifications from AOCI	—		(3)		1		42		40
Net OCI during the period	(83)		13		1		37		(32)
June 30, 2019	$	(1,616)	$	6	$	(18)	$	(2,368)	$	(3,996)

Reclassification out of Other Comprehensive Income (Loss)

The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended June 30.

	Three Months				Six Months				Affected Line Item on the
Details about AOCI	2020		2019		2020		2019		Statements of Income
Qualifying derivatives
Interest rate swaps	$	(2)	$	(2)	$	(5)	$	(4)	Interest Expense
Cross-currency swaps	26		35		32		7		Other Income (Expense) - net
Total Pre-tax	24		33		27		3
Income Taxes	(4)		(6)		(4)		—
Total After-tax	20		27		23		3
Defined benefit plans
Prior service costs (a)	(1)		(1)		(2)		(1)
Net actuarial loss (a)	(58)		(27)		(117)		(53)
Total Pre-tax	(59)		(28)		(119)		(54)
Income Taxes	11		6		23		11
Total After-tax	(48)		(22)		(96)		(43)
Total reclassifications during the period	$	(28)	$	5	$	(73)	$	(40)

(a) These AOCI components are included in the computation of net periodic defined benefit cost. See Note 9 for additional information.