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Comprehensive Income
 3 Months Ended
Mar. 31, 2019
Comprehensive Income COMPREHENSIVE INCOME

The disclosures in this note apply to all Registrants except for AEPTCo. AEPTCo does not have any components of other comprehensive income for any period presented in the financial statements.

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI and details of reclassifications from AOCI for the three months ended March 31, 2019 and 2018.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 - Benefit Plans for additional details.

AEP

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
Cash Flow Hedges
 
 
 
 
 
Commodity
 
Interest Rate
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
$
(23.0
)
 
$
(12.6
)
 
$
(84.8
)
 
$
(120.4
)
Change in Fair Value Recognized in AOCI
(38.8
)
 
—

 
—

 
(38.8
)
Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
 
Purchased Electricity for Resale (a)
12.3

 
—

 
—

 
12.3

Interest Expense (a)
—

 
0.2

 
—

 
0.2

Amortization of Prior Service Cost (Credit)
—

 
—

 
(4.8
)
 
(4.8
)
Amortization of Actuarial (Gains) Losses
—

 
—

 
3.0

 
3.0

Reclassifications from AOCI, before Income Tax (Expense) Benefit
12.3

 
0.2

 
(1.8
)
 
10.7

Income Tax (Expense) Benefit
2.6

 
—

 
(0.4
)
 
2.2

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
9.7

 
0.2

 
(1.4
)
 
8.5

Net Current Period Other Comprehensive Income (Loss)
(29.1
)
 
0.2

 
(1.4
)
 
(30.3
)
Balance in AOCI as of March 31, 2019
$
(52.1
)
 
$
(12.4
)
 
$
(86.2
)
 
$
(150.7
)


AEP

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
 
Interest Rate
 
Securities
Available for Sale
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2017
$
(28.4
)
 
$
(13.0
)
 
$
11.9

 
$
(38.3
)
 
$
(67.8
)
Change in Fair Value Recognized in AOCI
12.8

 
—

 
—

 
—

 
12.8

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
 
 


Purchased Electricity for Resale (a)
(13.1
)
 
—

 
—

 
—

 
(13.1
)
Interest Expense (a)
—

 
0.3

 
—

 
—

 
0.3

Amortization of Prior Service Cost (Credit)
—

 
—

 
—

 
(5.0
)
 
(5.0
)
Amortization of Actuarial (Gains) Losses
—

 
—

 
—

 
3.2

 
3.2

Reclassifications from AOCI, before Income Tax (Expense) Benefit
(13.1
)
 
0.3

 
—

 
(1.8
)
 
(14.6
)
Income Tax (Expense) Benefit
(2.8
)
 
0.1

 
—

 
(0.4
)
 
(3.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
(10.3
)
 
0.2

 
—

 
(1.4
)
 
(11.5
)
Net Current Period Other Comprehensive Income (Loss)
2.5

 
0.2

 
—

 
(1.4
)
 
1.3

ASU 2018-02 Adoption
(6.1
)
 
(2.7
)
 
—

 
(8.2
)
 
(17.0
)
ASU 2016-01 Adoption
—

 
—

 
(11.9
)
 
—

 
(11.9
)
Balance in AOCI as of March 31, 2018
$
(32.0
)
 
$
(15.5
)
 
$
—

 
$
(47.9
)
 
$
(95.4
)
AEP Texas

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(4.4
)
 
$
(10.7
)
 
$
(15.1
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (a)
 
0.4

 
—

 
0.4

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.3

 
—

 
0.3

Net Current Period Other Comprehensive Income (Loss)
 
0.3

 
—

 
0.3

Balance in AOCI as of March 31, 2019
 
$
(4.1
)
 
$
(10.7
)
 
$
(14.8
)

AEP Texas

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
(4.5
)
 
$
(8.1
)
 
$
(12.6
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (a)
 
0.3

 
—

 
0.3

Amortization of Actuarial (Gains) Losses
 
—

 
0.1

 
0.1

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.3

 
0.1

 
0.4

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.2

 
0.1

 
0.3

Net Current Period Other Comprehensive Income (Loss)
 
0.2

 
0.1

 
0.3

ASU 2018-02 Adoption
 
(0.9
)
 
(1.8
)
 
(2.7
)
Balance in AOCI as of March 31, 2018
 
$
(5.2
)
 
$
(9.8
)
 
$
(15.0
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
1.8

 
$
(6.8
)
 
$
(5.0
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 


 


 


Interest Expense (a)
 
(0.3
)
 
—

 
(0.3
)
Amortization of Prior Service Cost (Credit)
 
—

 
(1.3
)
 
(1.3
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.5

 
0.5

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
 
(0.8
)
 
(1.1
)
Income Tax (Expense) Benefit
 
(0.1
)
 
(0.2
)
 
(0.3
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
 
(0.6
)
 
(0.8
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
 
(0.6
)
 
(0.8
)
Balance in AOCI as of March 31, 2019
 
$
1.6

 
$
(7.4
)
 
$
(5.8
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedges
 
 
 
 
 
Commodity
 
Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
—

 
$
2.2

 
$
(0.9
)
 
$
1.3

Change in Fair Value Recognized in AOCI
 
(0.7
)
 
—

 
—

 
(0.7
)
Amount of (Gain) Loss Reclassified from AOCI
 


 
 
 


 


Purchased Electricity for Resale (a)
 
0.9

 
—

 
—

 
0.9

Interest Expense (a)
 
—

 
(0.3
)
 
—

 
(0.3
)
Amortization of Prior Service Cost (Credit)
 
—

 
—

 
(1.3
)
 
(1.3
)
Amortization of Actuarial (Gains) Losses
 
—

 
—

 
0.3

 
0.3

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.9

 
(0.3
)
 
(1.0
)
 
(0.4
)
Income Tax (Expense) Benefit
 
0.2

 
(0.1
)
 
(0.2
)
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.7

 
(0.2
)
 
(0.8
)
 
(0.3
)
Net Current Period Other Comprehensive Income (Loss)
 
—

 
(0.2
)
 
(0.8
)
 
(1.0
)
ASU 2018-02 Adoption
 
—

 
0.5

 
(0.2
)
 
0.3

Balance in AOCI as of March 31, 2018
 
$
—

 
$
2.5

 
$
(1.9
)
 
$
0.6




I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(11.5
)
 
$
(2.3
)
 
$
(13.8
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (a)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.2
)
 
(0.2
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.2

 
0.2

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
—

 
0.5

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
—

 
0.4

Balance in AOCI as of March 31, 2019
 
$
(11.1
)
 
$
(2.3
)
 
$
(13.4
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
(10.7
)
 
$
(1.4
)
 
$
(12.1
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (a)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.2
)
 
(0.2
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.2

 
0.2

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
—

 
0.5

Income Tax (Expense) Benefit
 
0.1

 
—

 
0.1

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
—

 
0.4

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
—

 
0.4

ASU 2018-02 Adoption
 
(2.4
)
 
(0.3
)
 
(2.7
)
Balance in AOCI as of March 31, 2018
 
$
(12.7
)
 
$
(1.7
)
 
$
(14.4
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
1.0

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 


Interest Expense (a)
 
(0.4
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.4
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.3
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.3
)
Balance in AOCI as of March 31, 2019
 
$
0.7

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedge – Interest Rate
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
1.9

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
Interest Expense (a)
 
(0.4
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.4
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.3
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.3
)
ASU 2018-02 Adoption
 
0.4

Balance in AOCI as of March 31, 2018
 
$
2.0



PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
2.1

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 


Interest Expense (a)
 
(0.3
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
Balance in AOCI as of March 31, 2019
 
$
1.9

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedge – Interest Rate
 
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
2.6

Change in Fair Value Recognized in AOCI
 
—

Amount of (Gain) Loss Reclassified from AOCI
 


Interest Expense (a)
 
(0.3
)
Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
(0.3
)
Income Tax (Expense) Benefit
 
(0.1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
(0.2
)
Net Current Period Other Comprehensive Income (Loss)
 
(0.2
)
ASU 2018-02 Adoption
 
0.5

Balance in AOCI as of March 31, 2018
 
$
2.9



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2019
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2018
 
$
(3.3
)
 
$
(2.1
)
 
$
(5.4
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 


 


 


Interest Expense (a)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.5
)
 
(0.5
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.1

 
0.1

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
(0.4
)
 
0.1

Income Tax (Expense) Benefit
 
0.1

 
(0.1
)
 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
(0.3
)
 
0.1

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
(0.3
)
 
0.1

Balance in AOCI as of March 31, 2019
 
$
(2.9
)
 
$
(2.4
)
 
$
(5.3
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended March 31, 2018
 
 
Cash Flow Hedge – Interest Rate
 
Pension
and OPEB
 
Total
 
 
(in millions)
Balance in AOCI as of December 31, 2017
 
$
(6.0
)
 
$
2.0

 
$
(4.0
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amount of (Gain) Loss Reclassified from AOCI
 
 
 
 
 
 
Interest Expense (a)
 
0.5

 
—

 
0.5

Amortization of Prior Service Cost (Credit)
 
—

 
(0.5
)
 
(0.5
)
Amortization of Actuarial (Gains) Losses
 
—

 
0.1

 
0.1

Reclassifications from AOCI, before Income Tax (Expense) Benefit
 
0.5

 
(0.4
)
 
0.1

Income Tax (Expense) Benefit
 
0.1

 
(0.1
)
 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Benefit
 
0.4

 
(0.3
)
 
0.1

Net Current Period Other Comprehensive Income (Loss)
 
0.4

 
(0.3
)
 
0.1

ASU 2018-02 Adoption
 
(1.3
)
 
0.4

 
(0.9
)
Balance in AOCI as of March 31, 2018
 
$
(6.9
)
 
$
2.1

 
$
(4.8
)


(a)
Amounts reclassified to the referenced line item on the statements of income.