Accumulated Other Comprehensive Income (Tables)

Nov. 18, 2019

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Dominion Energy’s changes in AOCI by component, net of tax:

	Deferred gains and losses on derivatives- hedging activities			Unrealized  gains and  losses on investment securities			Unrecognized pension and  other postretirement benefit costs			Other comprehensive loss from equity method investees			Total
(millions)
Three Months Ended June 30, 2019
Beginning balance	$	(290	)	$	18		$	(1,457	)	$	(2	)	$	(1,731	)
Other comprehensive income before reclassifications: gains (losses)		(78	)		13			113			—			48
Amounts reclassified from AOCI: (gains) losses(1)		(21	)		(1	)		22			—			—
Net current period other comprehensive income (loss)		(99	)		12			135			—			48
Ending balance	$	(389	)	$	30		$	(1,322	)	$	(2	)	$	(1,683	)
Three Months Ended June 30, 2018
Beginning balance	$	(248	)	$	3		$	(1,303	)	$	(3	)	$	(1,551	)
Other comprehensive income before reclassifications: gains (losses)		(33	)		(5	)		—			1			(37	)
Amounts reclassified from AOCI: (gains) losses(1)		33			—			17			—			50
Net current period other comprehensive income (loss)		—			(5	)		17			1			13
Ending balance	$	(248	)	$	(2	)	$	(1,286	)	$	(2	)	$	(1,538	)
Six Months Ended June 30, 2019
Beginning balance	$	(235	)	$	2		$	(1,465	)	$	(2	)	$	(1,700	)
Other comprehensive income before reclassifications: gains (losses)		(102	)		29			113			—			40
Amounts reclassified from AOCI: (gains) losses(1)		(52	)		(1	)		30			—			(23	)
Net current period other comprehensive income (loss)		(154	)		28			143			—			17
Ending balance	$	(389	)	$	30		$	(1,322	)	$	(2	)	$	(1,683	)
Six Months Ended June 30, 2018
Beginning balance	$	(302	)	$	747		$	(1,101	)	$	(3	)	$	(659	)
Other comprehensive income before reclassifications: gains (losses)		78			(18	)		—			1			61
Amounts reclassified from AOCI: (gains) losses(1)		41			1			42			—			84
Net current period other comprehensive income (loss)		119			(17	)		42			1			145
Cumulative-effect of changes in accounting principle		(64	)		(732	)		(227	)		—			(1,023	)
Less other comprehensive income attributable to noncontrolling interest		1			—			—			—			1
Ending balance	$	(248	)	$	(2	)	$	(1,286	)	$	(2	)	$	(1,538	)

(1) See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Dominion Energy’s reclassifications out of AOCI by component:

Details about AOCI components	Amounts reclassified         from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Three Months Ended June 30, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(38	)	Operating revenue
Interest rate contracts		13		Interest and related charges
Foreign currency contracts		(4	)	Other income
Total		(29	)
Tax		8		Income tax expense
Total, net of tax	$	(21	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(1	)	Other income
Total		(1	)
Tax		—		Income tax expense
Total, net of tax	$	(1	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(8	)	Other income
Amortization of actuarial losses		27		Other income
Total		19
Tax		3		Income tax expense
Total, net of tax	$	22
Three Months Ended June 30, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	16		Operating revenue
Interest rate contracts		12		Interest and related charges
Foreign currency contracts		16		Other income
Total		44
Tax		(11	)	Income tax expense
Total, net of tax	$	33
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	1		Other income
Total		1
Tax		(1	)	Income tax expense
Total, net of tax	$	—
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(5	)	Other income
Amortization of actuarial losses		29		Other income
Total		24
Tax		(7	)	Income tax expense
Total, net of tax	$	17

Details about AOCI components	Amounts reclassified         from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Six Months Ended June 30, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(92	)	Operating revenue
		(3	)	Purchased gas
Interest rate contracts		23		Interest and related charges
Foreign currency contracts		2		Other income
Total		(70	)
Tax		18		Income tax expense
Total, net of tax	$	(52	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(1	)	Other income
Total		(1	)
Tax		—		Income tax expense
Total, net of tax	$	(1	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(13	)	Other income
Amortization of actuarial losses		54		Other income
Total		41
Tax		(11	)	Income tax expense
Total, net of tax	$	30
Six Months Ended June 30, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	28		Operating revenue
		2		Purchased gas
		(7	)	Electric fuel and other energy-related purchases
Interest rate contracts		24		Interest and related charges
Foreign currency contracts		8		Other income
Total		55
Tax		(14	)	Income tax expense
Total, net of tax	$	41
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	2		Other income
Total		2
Tax		(1	)	Income tax expense
Total, net of tax	$	1
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(11	)	Other income
Amortization of actuarial losses		61		Other income
Total		50
Tax		(8	)	Income tax expense
Total, net of tax	$	42

Virginia Electric and Power Company

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Virginia Power’s changes in AOCI by component, net of tax:

	Deferred gains and losses on derivatives- hedging activities			Unrealized gains and losses on investment securities			Total
(millions)
Three Months Ended June 30, 2019
Beginning balance	$	(20	)	$	3		$	(17	)
Other comprehensive income before reclassifications: gains (losses)		(11	)		2			(9	)
Amounts reclassified from AOCI: (gains) losses(1)		1			(1	)		—
Net current period other comprehensive income (loss)		(10	)		1			(9	)
Ending balance	$	(30	)	$	4		$	(26	)
Three Months Ended June 30, 2018
Beginning balance	$	(10	)	$	1		$	(9	)
Other comprehensive income before reclassifications: gains (losses)		2			(2	)		—
Amounts reclassified from AOCI: (gains) losses(1)		—			—			—
Net current period other comprehensive income (loss)		2			(2	)		—
Ending balance	$	(8	)	$	(1	)	$	(9	)
Six Months Ended June 30, 2019
Beginning balance	$	(13	)	$	1		$	(12	)
Other comprehensive income before reclassifications: gains (losses)		(18	)		4			(14	)
Amounts reclassified from AOCI: (gains) losses(1)		1			(1	)		—
Net current period other comprehensive income (loss)		(17	)		3			(14	)
Ending balance	$	(30	)	$	4		$	(26	)
Six Months Ended June 30, 2018
Beginning balance	$	(12	)	$	74		$	62
Other comprehensive income before reclassifications: gains (losses)		7			(2	)		5
Amounts reclassified from AOCI: (gains) losses(1)		—			—			—
Net current period other comprehensive income (loss)		7			(2	)		5
Cumulative-effect of changes in accounting principle		(3	)		(73	)		(76	)
Ending balance	$	(8	)	$	(1	)	$	(9	)

(1) Virginia Power’s reclassifications out of AOCI were immaterial for both the three and six months ended June 30, 2019 and 2018.

Dominion Energy Gas Holdings, LLC

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Dominion Energy Gas’ changes in AOCI by component, net of tax:

	Deferred gains and losses on derivatives- hedging activities			Unrecognized pension costs			Total
(millions)
Three Months Ended June 30, 2019
Beginning balance	$	(48	)	$	(143	)	$	(191	)
Other comprehensive income before reclassifications: gains (losses)		(24	)		29			5
Amounts reclassified from AOCI: (gains) losses(1)		(2	)		2			—
Net current period other comprehensive income (loss)		(26	)		31			5
Ending balance	$	(74	)	$	(112	)	$	(186	)
Three Months Ended June 30, 2018
Beginning balance	$	(18	)	$	(95	)	$	(113	)
Other comprehensive income before reclassifications: gains (losses)		(19	)		—			(19	)
Amounts reclassified from AOCI: (gains) losses(1)		13			1			14
Net current period other comprehensive income (loss)		(6	)		1			(5	)
Ending balance	$	(24	)	$	(94	)	$	(118	)
Six Months Ended June 30, 2019
Beginning balance	$	(25	)	$	(144	)	$	(169	)
Other comprehensive income before reclassifications: gains (losses)		(51	)		29			(22	)
Amounts reclassified from AOCI: (gains) losses(1)		1			3			4
Net current period other comprehensive income (loss)		(50	)		32			(18	)
Less other comprehensive income attributable to noncontrolling interest		(1	)		—			(1	)
Ending balance	$	(74	)	$	(112	)	$	(186	)
Six Months Ended June 30, 2018
Beginning balance	$	(23	)	$	(75	)	$	(98	)
Other comprehensive income before reclassifications: gains (losses)		(6	)		—			(6	)
Amounts reclassified from AOCI: (gains) losses(1)		11			2			13
Net current period other comprehensive income (loss)		5			2			7
Cumulative-effect of changes in accounting principle		(5	)		(21	)		(26	)
Less other comprehensive income attributable to noncontrolling interest		1						1
Ending balance	$	(24	)	$	(94	)	$	(118	)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Dominion Energy Gas’ reclassifications out of AOCI by component:

Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Three Months Ended June 30, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Interest rate contracts	$	2		Interest and related charges
Foreign currency contracts		(4	)	Other income
Total		(2	)
Tax		—		Income tax expense
Total, net of tax	$	(2	)
Unrecognized pension costs:
Actuarial losses	$	2		Other income
Total		2
Tax		—		Income tax expense
Total, net of tax	$	2
Three Months Ended June 30, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	2		Net income from discontinued operations
Foreign currency contracts		16		Other income
Total		18
Tax		(5	)	Income tax expense
Total, net of tax	$	13
Unrecognized pension costs:
Actuarial losses	$	1		Other income
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
Six Months Ended June 30, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(2	)	Net income from discontinued operations
Interest rate contracts		1		Interest and related charges
Foreign currency contracts		2		Other income
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
Unrecognized pension costs:
Actuarial losses	$	4		Other income
Total		4
Tax		(1	)	Income tax expense
Total, net of tax	$	3
Six Months Ended June 30, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	5		Net income from discontinued operations
Interest rate contracts		2		Interest and related charges
Foreign currency contracts		8		Other income
Total		15
Tax		(4	)	Income tax expense
Total, net of tax	$	11
Unrecognized pension costs:
Actuarial losses	$	3		Other income
Total		3
Tax		(1	)	Income tax expense
Total, net of tax	$	2