Common Equity

12 Months Ended

Dec. 31, 2018

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Entergy Arkansas [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Entergy Louisiana [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Entergy Mississippi [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Entergy New Orleans [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Entergy Texas [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

System Energy [Member]

Common Equity

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

Common stock and treasury stock shares activity for Entergy for 2018, 2017, and 2016 is as follows:

	2018			2017			2016
	Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares		Common Shares Issued	Treasury Shares
Beginning Balance, January 1	254,752,788	74,235,135		254,752,788	75,623,363		254,752,788	76,363,763
Issuances:
Equity forwards settled	6,834,221	—		—	—		—	—
Employee Stock-Based Compensation Plans	—	(1,683,174	)	—	(1,377,363	)	—	(729,073	)
Directors’ Plan	—	(21,095	)	—	(10,865	)	—	(11,327	)
Ending Balance, December 31	261,587,009	72,530,866		254,752,788	74,235,135		254,752,788	75,623,363

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), three Equity Ownership Plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans.  The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program.  As of December 31, 2018, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $3.58 in 2018, $3.50 in 2017, and $3.42 in 2016.

System Energy paid its parent, Entergy Corporation, distributions out of its common stock of $57 million in 2018 and $21 million in 2017.

Equity Forward Sale Agreements

In June 2018, Entergy marketed an equity offering of 15.3 million shares of common stock. In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with various investment banks. The equity forwards require Entergy to, at its election prior to June 7, 2019, either (i) physically settle the transactions by issuing the total of 15.3 million shares of its common stock to the investment banks in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $74.45 per share) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

On December 12, 2018, Entergy physically settled a portion of its obligations under the forward sale agreements by delivering 6,834,221 shares of common stock in exchange for cash proceeds of approximately $500 million. The forward sale price used to determine the cash proceeds received by Entergy was calculated based on the initial forward sale price of $74.45 per share as adjusted in accordance with the forward sale agreements. Entergy incurred approximately $728 thousand of common stock issuance costs with the settlement. Entergy used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy’s revolving credit facility, and other debt.

Entergy is required to settle its remaining obligations under the forward sale agreements with respect to the remaining 8,448,171 shares of common stock on a settlement date or dates on or prior to June 7, 2019.

Until settlement of the remaining equity forwards, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price. If Entergy had elected to net share settle the remaining forward sale agreements as of December 31, 2018, Entergy would have been required to deliver 1.3 million shares.

Retained Earnings and Dividends

Entergy implemented ASU No. 2016-01 “Financial Instruments (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” effective January 1, 2018. The ASU requires investments in equity securities, excluding those accounted for under the equity method or resulting in consolidation of the investee, to be measured at fair value with changes recognized in net income. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment increasing retained earnings and reducing accumulated other comprehensive income by $633 million as of January 1, 2018 for the cumulative effect of the unrealized gains and losses on investments in equity securities held by the decommissioning trust funds that do not meet the criteria for regulatory accounting treatment. See Note 16 to the financial statements herein for further discussion of effects of the new standard.

Entergy implemented ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” effective January 1, 2018. The ASU requires entities to recognize the income tax consequences of intra-entity asset transfers, other than inventory, at the time the transfer occurs. Entergy implemented this standard using a modified retrospective method, and recorded an adjustment decreasing retained earnings by $56 million as of January 1, 2018 for the cumulative effect of recording deferred tax assets on previously-recognized intra-entity asset transfers.

Entergy adopted ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” in the first quarter 2018. The ASU allows a one-time reclassification from accumulated other comprehensive income to retained earnings for certain tax effects resulting from the Tax Cuts and Jobs Act that would otherwise be stranded in accumulated other comprehensive income. Entergy’s policy for releasing income tax effects from accumulated other comprehensive income for available-for-sale securities is to use the portfolio approach. Entergy elected to reclassify the $15.5 million of stranded tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act to retained earnings ($32 million decrease) or the regulatory liability for income taxes ($16.5 million increase). Entergy’s reclassification only includes the effect of the change in the federal corporate income tax rate on accumulated other comprehensive income.

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $27 million in 2018, $201 million in 2017, and $165 million in 2016.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2018 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			($23,531	)
Implementation of accounting standards	—			—			(632,617		)	(632,617		)
Beginning balance, January 1, 2018		($37,477	)		($531,099	)		($87,572	)		($656,148	)
Other comprehensive income (loss) before reclassifications	(31,933		)	26,702			(46,574		)	(51,805		)
Amounts reclassified from accumulated other comprehensive income (loss)	54,031			63,441			17,803			135,275
Net other comprehensive income (loss) for the period	22,098			90,143			(28,771		)	83,470
Reclassification pursuant to ASU 2018-02	(7,756		)	(90,966		)	114,227			15,505
Ending balance, December 31, 2018		($23,135	)		($531,922	)		($2,116	)		($557,173	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the year ended December 31, 2017 by component:

	Cash flow hedges net unrealized gain (loss)			Pension and other postretirement liabilities			Net unrealized investment gain (loss)			Foreign currency translation			Total Accumulated Other Comprehensive Income (Loss)
	(In Thousands)
Beginning balance, January 1, 2017		$3,993			($469,446	)		$429,734			$748			($34,971	)
Other comprehensive income (loss) before reclassifications	28,602			(104,029		)	171,099			(748		)	94,924
Amounts reclassified from accumulated other comprehensive income (loss)	(70,072		)	42,376			(55,788		)	—			(83,484		)
Net other comprehensive income (loss) for the period	(41,470		)	(61,653		)	115,311			(748		)	11,440
Ending balance, December 31, 2017		($37,477	)		($531,099	)		$545,045			$—			($23,531	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2018:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2018		($46,400	)
Other comprehensive income (loss) before reclassifications	52,299
Amounts reclassified from accumulated other comprehensive income (loss)	(2,003		)
Net other comprehensive income (loss) for the period	50,296
Reclassification pursuant to ASU 2018-02		($10,049	)
Ending balance, December 31, 2018		($6,153	)

The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the year ended December 31, 2017:

	Pension and Other Postretirement Liabilities
	(In Thousands)
Beginning balance, January 1, 2017		($48,442	)
Other comprehensive income (loss) before reclassifications	3,462
Amounts reclassified from accumulated other comprehensive income (loss)	(1,420		)
Net other comprehensive income (loss) for the period	2,042
Ending balance, December 31, 2017		($46,400	)

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Cash flow hedges net unrealized gain (loss)
Power contracts		($68,067	)		$108,606		Competitive business operating revenues
Interest rate swaps	(327		)	(803		)	Miscellaneous - net
Total realized gain (loss) on cash flow hedges	(68,394		)	107,803
	14,363			(37,731		)	Income taxes
Total realized gain (loss) on cash flow hedges (net of tax)		($54,031	)		$70,072
Pension and other postretirement liabilities
Amortization of prior-service costs		$21,700			$26,251		(a)
Amortization of loss	(99,186		)	(86,002		)	(a)
Settlement loss	(3,207		)	(7,544		)	(a)
Total amortization	(80,693		)	(67,295		)
	17,252			24,919			Income taxes
Total amortization (net of tax)		($63,441	)		($42,376	)
Net unrealized investment gain (loss)
Realized gain (loss)		($28,170	)		$109,388		Interest and investment income
	10,367			(53,600		)	Income taxes
Total realized investment gain (loss) (net of tax)		($17,803	)		$55,788
Total reclassifications for the period (net of tax)		($135,275	)		$83,484

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy Louisiana for the years ended December 31, 2018 and 2017 are as follows:

	Amounts reclassified from AOCI						Income Statement Location
	2018			2017
	(In Thousands)
Pension and other postretirement liabilities
Amortization of prior-service costs		$7,735			$7,734		(a)
Amortization of loss	(5,025		)	(5,327		)	(a)
Total amortization	2,710			2,407
	(707		)	(987		)	Income taxes
Total amortization (net of tax)	2,003			1,420
Total reclassifications for the period (net of tax)		$2,003			$1,420

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.