Derivatives and Hedge Accounting Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative [Line Items]

Offsetting Assets

The tables below present Dominion Energy's derivative asset and liability balances by type of financial instrument, before and after the effects of offsetting:

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	200	$	—	$	200	$	211	$	—	$	211
Exchange		50		—		50		44		—		44
Interest rate contracts:
Over-the-counter		14		—		14		17		—		17
Foreign currency contracts:
Over-the-counter		15		—		15		—		—		—
Total derivatives, subject to a master netting or    similar arrangement		279		—		279		272		—		272
Total derivatives, not subject to a master netting or    similar arrangement		2		—		2		7		—		7
Total	$	281	$	—	$	281	$	279	$	—	$	279

			June 30, 2017									December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Assets Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Received		Net Amounts		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	200		$	8	$	—	$	192	$	211	$	14	$	—	$	197
Exchange		50			42		—		8		44		44		—		—
Interest rate contracts:
Over-the-counter		14			11		—		3		17		9		—		8
Foreign currency contracts:
Over-the-counter		15			5		—		10		—		—		—		—
Total	$	279		$	66	$	—	$	213	$	272	$	67	$	—	$	205

Offsetting Liabilities

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	17	$	—	$	17	$	23	$	—	$	23
Exchange		42		—		42		71		—		71
Interest rate contracts:
Over-the-counter		84		—		84		53		—		53
Foreign currency contracts:
Over-the-counter		5		—		5		6		—		6
Total derivatives, subject to a master netting or    similar arrangement		148		—		148		153		—		153
Total derivatives, not subject to a master netting or    similar arrangement		2		—		2		2		—		2
Total	$	150	$	—	$	150	$	155	$	—	$	155

			June 30, 2017									December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Liabilities Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Paid		Net Amounts		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	17		$	8	$	—	$	9	$	23	$	14	$	—	$	9
Exchange		42			42		—		—		71		44		27		—
Interest rate contracts:
Over-the-counter		84			11		—		73		53		9		—		44
Foreign currency contracts:
Over-the-counter		5			5		—		—		6		—		—		6
Total	$	148		$	66	$	—	$	82	$	153	$	67	$	27	$	59

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy’s derivative activity at June 30, 2017. These volumes are based on open derivative positions and represent the combined absolute value of its long and short positions, except in the case of offsetting transactions, for which they represent the absolute value of the net volume of its long and short positions.

	Current		Noncurrent
Natural Gas (bcf):
Fixed price(1)		90		17
Basis		158		597
Electricity (MWh):
Fixed price		9,879,568		1,107,760
FTRs		100,076,734		—
Liquids (Gal)(2)		53,831,712		—
Interest rate(3)	$	1,550,000,000	$	5,057,909,202
Foreign currency(3)(4)	$	—	$	280,000,000

(1) Includes options.

(2) Includes NGLs and oil.

(3) Maturity is determined based on final settlement period.

(4) Euro equivalent volumes are €250,000,000.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents selected information related to gains (losses) on cash flow hedges included in AOCI in Dominion Energy’s Consolidated Balance Sheet at June 30, 2017:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Commodities:
Gas	$	1		$	1		40 months
Electricity		15			15		8 months
Other		1			1		9 months
Interest rate		(269	)		(11	)	390 months
Foreign currency		2			(3	)	108 months
Total	$	(250	)	$	3

Fair Value of Derivatives

The following table presents the fair values of Dominion Energy’s derivatives and where they are presented in its Consolidated Balance Sheets:

	Fair Value – Derivatives under Hedge Accounting		Fair Value – Derivatives not under Hedge Accounting		Total Fair Value
(millions)
June 30, 2017
ASSETS
Current Assets
Commodity	$	42	$	95	$	137
Interest rate		5		—		5
Total current derivative assets(1)		47		95		142
Noncurrent Assets
Commodity		—		115		115
Interest rate		9		—		9
Foreign currency		15		—		15
Total noncurrent derivative assets(2)		24		115		139
Total derivative assets	$	71	$	210	$	281
LIABILITIES
Current Liabilities
Commodity	$	14	$	45	$	59
Interest rate		40		—		40
Foreign currency		5		—		5
Total current derivative liabilities(3)		59		45		104
Noncurrent Liabilities
Commodity		—		2		2
Interest rate		44		—		44
Total noncurrent derivative liabilities(4)		44		2		46
Total derivative liabilities	$	103	$	47	$	150
December 31, 2016
ASSETS
Current Assets
Commodity	$	29	$	101	$	130
Interest rate		10		—		10
Total current derivative assets(1)		39		101		140
Noncurrent Assets
Commodity		—		132		132
Interest rate		7		—		7
Total noncurrent derivative assets(2)		7		132		139
Total derivative assets	$	46	$	233	$	279
LIABILITIES
Current Liabilities
Commodity	$	51	$	41	$	92
Interest rate		33		—		33
Foreign currency		3		—		3
Total current derivative liabilities(3)		87		41		128
Noncurrent Liabilities
Commodity		1		3		4
Interest rate		20		—		20
Foreign currency		3		—		3
Total noncurrent derivative liabilities(4)		24		3		27
Total derivative liabilities	$	111	$	44	$	155

(1) Current derivative assets are presented in other current assets in Dominion Energy’s Consolidated Balance Sheets.

(2) Noncurrent derivative assets are presented in other deferred charges and other assets in Dominion Energy’s Consolidated Balance Sheets.

(3) Current derivative liabilities are presented in other current liabilities in Dominion Energy's Consolidated Balance Sheets.

(4) Noncurrent derivative liabilities are presented in other deferred credits and other liabilities in Dominion Energy’s Consolidated Balance Sheets.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following tables present the gains and losses on Dominion Energy's derivatives, as well as where the associated activity is presented in its Consolidated Balance Sheets and Statements of Income:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)(1)			Amount of Gain (Loss) Reclassified From AOCI to Income			Increase (Decrease) in Derivatives Subject to Regulatory Treatment(2)
(millions)
Three Months Ended June 30, 2017
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	19
Electric fuel and other energy-related purchases					2
Total commodity	$	44		$	21		$	—
Interest rate(3)		(15	)		(11	)		(42	)
Foreign currency(4)		16			19			—
Total	$	45		$	29		$	(42	)
Three Months Ended June 30, 2016
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	87
Purchased gas					(2	)
Electric fuel and other energy-related purchases					(3	)
Total commodity	$	12		$	82		$	—
Interest rate(3)		(23	)		(8	)		108
Foreign currency(4)		(7	)		(2	)		—
Total	$	(18	)	$	72		$	108
Six Months Ended June 30, 2017
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	81
Electric fuel and other energy-related purchases					2
Total commodity	$	131		$	83		$	—
Interest rate(3)		(14	)		(23	)		(34	)
Foreign currency(4)		(2	)		6			—
Total	$	115		$	66		$	(34	)
Six Months Ended June 30, 2016
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	201
Purchased gas					(8	)
Electric fuel and other energy-related purchases					(6	)
Total commodity	$	185		$	187		$	—
Interest rate(3)		(110	)		(11	)		(241	)
Foreign currency(4)		(7	)		(2	)		—
Total	$	68		$	174		$	(241	)

(1) Amounts deferred into AOCI have no associated effect in Dominion Energy’s Consolidated Statements of Income.

(2) Represents net derivative activity deferred into and amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Dominion Energy’s Consolidated Statements of Income.

(3) Amounts recorded in Dominion Energy’s Consolidated Statements of Income are classified in interest and related charges.

(4) Amounts recorded in Dominion Energy’s Consolidated Statements of Income are classified in other income.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance

	Amount of Gain (Loss) Recognized in Income on Derivatives(1)
	Three Months Ended June 30,						Six Months Ended June 30,
Derivatives Not Designated as Hedging Instruments	2017			2016			2017			2016
(millions)
Derivative type and location of gains (losses):
Commodity:
Operating revenue	$	10		$	(8	)	$	14		$	(6	)
Purchased gas		(8	)		8			8			7
Electric fuel and other energy-related purchases		(8	)		(9	)		(32	)		(31	)
Other operations and maintenance		(1	)		1			(1	)		—
Total	$	(7	)	$	(8	)	$	(11	)	$	(30	)

(1) Includes derivative activity amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Dominion Energy’s Consolidated Statements of Income.

Virginia Electric and Power Company

Derivative [Line Items]

Offsetting Assets

The tables below present Virginia Power's derivative asset and liability balances by type of financial instrument, before and after the effects of offsetting:

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	154	$	—	$	154	$	147	$	—	$	147
Interest rate contracts:
Over-the-counter		—		—		—		6		—		6
Total derivatives, subject to a master netting or    similar arrangement		154		—		154		153		—		153
Total derivatives, not subject to a master netting or    similar arrangement		13		—		13		41		—		41
Total	$	167	$	—	$	167	$	194	$	—	$	194

			June 30, 2017								December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet								Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amounts		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	154	$	—	$	—	$	154	$	147	$	2	$	—	$	145
Interest rate contracts:
Over-the-counter		—		—		—		—		6		—		—		6
Total	$	154	$	—	$	—	$	154	$	153	$	2	$	—	$	151

Offsetting Liabilities

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	—	$	—	$	—	$	2	$	—	$	2
Interest rate contracts:
Over-the-counter		64		—		64		21		—		21
Total derivatives, subject to a master netting or    similar arrangement		64		—		64		23		—		23
Total derivatives, not subject to a master netting or    similar arrangement		10		—		10		8		—		8
Total	$	74	$	—	$	74	$	31	$	—	$	31

			June 30, 2017								December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet								Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	—	$	—	$	—	$	—	$	2	$	2	$	—	$	—
Interest rate contracts:
Over-the-counter		64		—		—		64		21		—		—		21
Total	$	64	$	—	$	—	$	64	$	23	$	2	$	—	$	21

Schedule of Volume of Derivative Activity

The following table presents the volume of Virginia Power’s derivative activity at June 30, 2017. These volumes are based on open derivative positions and represent the combined absolute value of its long and short positions, except in the case of offsetting transactions, for which they represent the absolute value of the net volume of its long and short positions.

	Current		Noncurrent
Natural Gas (bcf):
Fixed price(1)		44		7
Basis		51		549
Electricity (MWh):
Fixed price(1)		1,561,090		1,107,760
FTRs		95,128,929		—
Interest rate(2)	$	1,050,000,000	$	1,150,000,000

(1) Includes options.

(2) Maturity is determined based on final settlement period.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents selected information related to losses on cash flow hedges included in AOCI in Virginia Power’s Consolidated Balance Sheet at June 30, 2017:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Interest rate	$	(10	)	$	(1	)	390 months
Total	$	(10	)	$	(1	)

Fair Value of Derivatives

The following table presents the fair values of Virginia Power’s derivatives and where they are presented in its Consolidated Balance Sheets:

	Fair Value – Derivatives under Hedge Accounting		Fair Value – Derivatives not under Hedge Accounting		Total Fair Value
(millions)
June 30, 2017
ASSETS
Current Assets
Commodity	$	—	$	55	$	55
Total current derivative assets(1)		—		55		55
Noncurrent Assets
Commodity		—		112		112
Total noncurrent derivative assets(2)		—		112		112
Total derivative assets	$	—	$	167	$	167
LIABILITIES
Current Liabilities
Commodity	$	—	$	10	$	10
Interest rate		31		—		31
Total current derivative liabilities(3)		31		10		41
Noncurrent Liabilities
Interest rate		33		—		33
Total noncurrent derivatives liabilities (4)		33		—		33
Total derivative liabilities	$	64	$	10	$	74
December 31, 2016
ASSETS
Current Assets
Commodity	$	—	$	60	$	60
Interest rate		6		—		6
Total current derivative assets(1)		6		60		66
Noncurrent Assets
Commodity		—		128		128
Total noncurrent derivative assets(2)		—		128		128
Total derivative assets	$	6	$	188	$	194
LIABILITIES
Current Liabilities
Commodity	$	—	$	10	$	10
Interest rate		8		—		8
Total current derivative liabilities(3)		8		10		18
Noncurrent Liabilities
Interest rate		13		—		13
Total noncurrent derivative liabilities(4)		13		—		13
Total derivative liabilities	$	21	$	10	$	31

(1) Current derivative assets are presented in other current assets in Virginia Power's Consolidated Balance Sheets.

(2) Noncurrent derivative assets are presented in other deferred charges and other assets in Virginia Power's Consolidated Balance Sheets.

(3) Current derivative liabilities are presented in other current liabilities in Virginia Power's Consolidated Balance Sheets.

(4) Noncurrent derivative liabilities are presented in other deferred credits and other liabilities in Virginia Power’s Consolidated Balance Sheets.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following tables present the gains and losses on Virginia Power's derivatives, as well as where the associated activity is presented in its Consolidated Balance Sheets and Statements of Income:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)(1)			Amount of Gain (Loss) Reclassified From AOCI to Income			Increase (Decrease) in Derivatives Subject to Regulatory Treatment(2)
(millions)
Three Months Ended June 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(5	)	$	(1	)	$	(42	)
Total	$	(5	)	$	(1	)	$	(42	)
Three Months Ended June 30, 2016
Derivative type and location of gains (losses):
Interest rate(3)	$	(10	)	$	—		$	108
Total	$	(10	)	$	—		$	108
Six Months Ended June 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(5	)	$	(1	)	$	(34	)
Total	$	(5	)	$	(1	)	$	(34	)
Six Months Ended June 30, 2016
Derivative type and location of gains (losses):
Interest rate(3)	$	(24	)	$	(1	)	$	(241	)
Total	$	(24	)	$	(1	)	$	(241	)

(1) Amounts deferred into AOCI have no associated effect in Virginia Power’s Consolidated Statements of Income.

(2) Represents net derivative activity deferred into and amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Virginia Power’s Consolidated Statements of Income.

(3) Amounts recorded in Virginia Power’s Consolidated Statements of Income are classified in interest and related charges.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance

	Amount of Gain (Loss) Recognized in Income on Derivatives(1)
	Three Months Ended June 30,						Six Months Ended June 30,
Derivatives Not Designated as Hedging Instruments	2017			2016			2017			2016
(millions)
Derivative type and location of gains (losses):
Commodity(2)	$	(7	)	$	(10	)	$	(24	)	$	(30	)
Total	$	(7	)	$	(10	)	$	(24	)	$	(30	)

(1) Includes derivative activity amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Virginia Power’s Consolidated Statements of Income.

(2) Amounts recorded in Virginia Power's Consolidated Statements of Income are classified in electric fuel and other energy-related purchases.

Dominion Energy Gas Holdings, LLC

Derivative [Line Items]

Offsetting Assets

The tables below present Dominion Energy Gas' derivative asset and liability balances by type of financial instrument, before and after the effects of offsetting.

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	2	$	—	$	2	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		15		—		15		—		—		—
Total derivatives, subject to a master netting or    similar arrangement		17		—		17		—		—		—
Total	$	17	$	—	$	17	$	—	$	—	$	—

			June 30, 2017									December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Assets Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Received		Net Amounts		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	2		$	—	$	—	$	2	$	—	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		15			5		—		10		—		—		—		—
Total	$	17		$	5	$	—	$	12	$	—	$	—	$	—	$	—

Offsetting Liabilities

	June 30, 2017						December 31, 2016
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet
(millions)
Commodity contracts:
Over-the-counter	$	—	$	—	$	—	$	5	$	—	$	5
Foreign currency contracts:
Over-the-counter		5		—		5		6		—		6
Total derivatives, subject to a master netting or    similar arrangement	$	5	$	—	$	5	$	11	$	—	$	11

			June 30, 2017								December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet								Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts
(millions)
Commodity contracts
Over-the-counter	$	—	$	—	$	—	$	—	$	5	$	—	$	—	$	5
Foreign currency contracts:
Over-the-counter		5		5		—		—		6		—		—		6
Total	$	5	$	5	$	—	$	—	$	11	$	—	$	—	$	11

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy Gas' derivative activity at June 30, 2017. These volumes are based on open derivative positions and represent the combined absolute value of its long and short positions, except in the case of offsetting transactions, for which they represent the absolute value of the net volume of its long and short positions.

	Current		Noncurrent
Natural Gas (bcf):
Fixed price		2		—
Basis		2		—
NGLs (Gal)		45,767,712		—
Foreign currency(1)	$	—	$	280,000,000

(1) Maturity is determined based on final settlement period. Euro equivalent volumes are €250,000,000.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents selected information related to gains (losses) on cash flow hedges included in AOCI in Dominion Energy Gas' Consolidated Balance Sheet at June 30, 2017:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Commodities:
NGLs	$	1		$	1		9 months
Interest rate		(26	)		(3	)	330 months
Foreign currency		2			(3	)	108 months
Total	$	(23	)	$	(5	)

Fair Value of Derivatives

The following tables present the fair values of Dominion Energy Gas' derivatives and where they are presented in its Consolidated Balance Sheets:

	Fair Value-Derivatives Under Hedge Accounting		Fair Value-Derivatives Not Under Hedge Accounting		Total Fair Value
(millions)
June 30, 2017
ASSETS
Current Assets
Commodity	$	2	$	—	$	2
Total current derivative assets(1)		2		—		2
Noncurrent Assets
Foreign currency		15		—		15
Total noncurrent derivative assets(2)		15		—		15
Total derivative assets	$	17	$	—	$	17
LIABILITIES
Current Liabilities
Foreign currency	$	5	$	—	$	5
Total current derivative liabilities(3)		5		—		5
Total derivative liabilities	$	5	$	—	$	5
December 31, 2016
LIABILITIES
Current Liabilities
Commodity	$	4	$	—	$	4
Foreign currency		3		—		3
Total current derivative liabilities(3)		7		—		7
Noncurrent Liabilities
Commodity		1		—		1
Foreign currency		3		—		3
Total noncurrent derivative liabilities(4)		4		—		4
Total derivative liabilities	$	11	$	—	$	11

(1) Current derivative assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.

(2) Noncurrent derivatives assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.

(3) Current derivative liabilities are presented in other current liabilities in Dominion Energy Gas' Consolidated Balance Sheets.

(4) Noncurrent derivative liabilities are presented in other deferred credits and other liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following table presents the gains and losses on Dominion Energy Gas' derivatives, as well as where the associated activity is presented in its Consolidated Balance Sheets and Statements of Income. The gains and losses associated with derivatives not designated as hedging instruments were immaterial for the three and six months ended June 30, 2017 and 2016.

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)(1)			Amount of Gain (Loss) Reclassified From AOCI to Income
(millions)
Three Months Ended June 30, 2017
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	1
Total commodity	$	2		$	1
Interest rate(2)		—			(1	)
Foreign currency(3)		16			19
Total	$	18		$	19
Three Months Ended June 30, 2016
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	—
Total commodity	$	(6	)	$	—
Foreign currency(3)		(7	)		(2	)
Total	$	(13	)	$	(2	)
Six Months Ended June 30, 2017
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	(3	)
Total commodity	$	4		$	(3	)
Interest rate(2)		—			(2	)
Foreign currency(3)		(1	)		6
Total	$	3		$	1
Six Months Ended June 30, 2016
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	4
Total commodity	$	(7	)	$	4
Interest rate(2)		(9	)		—
Foreign currency(3)		(7	)		(2	)
Total	$	(23	)	$	2

(1) Amounts deferred into AOCI have no associated effect in Dominion Energy Gas' Consolidated Statements of Income.

(2) Amounts recorded in Dominion Energy Gas' Consolidated Statements of Income are classified in interest and related charges.

(3) Amounts recorded in Dominion Energy Gas' Consolidated Statements of Income are classified in other income.