Derivatives and Hedge Accounting Activities (Tables)

9 Months Ended

Sep. 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:

	September 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	$	186	$	—	$	186	$	211	$	—	$	211
Exchange		24		—		24		44		—		44
Interest rate contracts:
Over-the-counter		11		—		11		17		—		17
Foreign currency contracts:
Over-the-counter		25		—		25		—		—		—
Total derivatives, subject to a master netting or    similar arrangement		246		—		246		272		—		272
Total derivatives, not subject to a master netting or    similar arrangement		3		—		3		7		—		7
Total	$	249	$	—	$	249	$	279	$	—	$	279

			September 30, 2017									December 31, 2016
			Gross Amounts Not Offset in the Consolidated Balance Sheet									Gross Amounts Not Offset in the Consolidated Balance Sheet
	Net Amountsof AssetsPresented 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	$	186		$	8	$	—	$	178	$	211	$	14	$	—	$	197
Exchange		24			21		—		3		44		44		—		—
Interest rate contracts:
Over-the-counter		11			6		—		5		17		9		—		8
Foreign currency contracts:
Over-the-counter		25			4		—		21		—		—		—		—
Total	$	246		$	39	$	—	$	207	$	272	$	67	$	—	$	205

Offsetting Liabilities

	September 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	$	19	$	—	$	19	$	23	$	—	$	23
Exchange		21		—		21		71		—		71
Interest rate contracts:
Over-the-counter		72		—		72		53		—		53
Foreign currency contracts:
Over-the-counter		4		—		4		6		—		6
Total derivatives, subject to a master netting or    similar arrangement		116		—		116		153		—		153
Total derivatives, not subject to a master netting or    similar arrangement		2		—		2		2		—		2
Total	$	118	$	—	$	118	$	155	$	—	$	155

			September 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	$	19		$	8	$	—	$	11	$	23	$	14	$	—	$	9
Exchange		21			21		—		—		71		44		27		—
Interest rate contracts:
Over-the-counter		72			6		—		66		53		9		—		44
Foreign currency contracts:
Over-the-counter		4			4		—		—		6		—		—		6
Total	$	116		$	39	$	—	$	77	$	153	$	67	$	27	$	59

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy’s derivative activity at September 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)		62		17
Basis		165		612
Electricity (MWh):
Fixed price		6,749,288		902,069
FTRs		72,126,361		—
Liquids (Gal)(2)		36,940,288		—
Interest rate(3)	$	1,100,000,000	$	5,049,890,127
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 September 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	)	37 months
Electricity		7			7		15 months
Other		(4	)		(4	)	6 months
Interest rate		(260	)		(11	)	387 months
Foreign currency		4			(2	)	105 months
Total	$	(254	)	$	(11	)

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)
September 30, 2017
ASSETS
Current Assets
Commodity	$	19	$	83	$	102
Interest rate		9		—		9
Total current derivative assets(1)		28		83		111
Noncurrent Assets
Commodity		1		110		111
Interest rate		2		—		2
Foreign currency		25		—		25
Total noncurrent derivative assets(2)		28		110		138
Total derivative assets	$	56	$	193	$	249
LIABILITIES
Current Liabilities
Commodity	$	15	$	25	$	40
Interest rate		21		—		21
Foreign currency		4		—		4
Total current derivative liabilities(3)		40		25		65
Noncurrent Liabilities
Commodity		—		2		2
Interest rate		51		—		51
Total noncurrent derivative liabilities(4)		51		2		53
Total derivative liabilities	$	91	$	27	$	118
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 September 30, 2017
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	32
Electric fuel and other energy-related purchases					(1	)
Total commodity	$	8		$	31		$	—
Interest rate(3)		(4	)		(16	)		(26	)
Foreign currency(4)		12			10			—
Total	$	16		$	25		$	(26	)
Three Months Ended September 30, 2016
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	64
Purchased gas					(1	)
Electric fuel and other energy-related purchases					(1	)
Total commodity	$	7		$	62		$	—
Interest rate(3)		3			(10	)		(16	)
Foreign currency(4)		12			3			—
Total	$	22		$	55		$	(16	)
Nine Months Ended September 30, 2017
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	114
Electric fuel and other energy-related purchases					1
Total commodity	$	139		$	115		$	—
Interest rate(3)		(18	)		(39	)		(60	)
Foreign currency(4)		10			15			—
Total	$	131		$	91		$	(60	)
Nine Months Ended September 30, 2016
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	266
Purchased gas					(9	)
Electric fuel and other energy-related purchases					(8	)
Total commodity	$	193		$	249		$	—
Interest rate(3)		(107	)		(21	)		(258	)
Foreign currency(4)		4			1			—
Total	$	90		$	229		$	(258	)

(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 September 30,						Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments	2017			2016			2017			2016
(millions)
Derivative type and location of gains (losses):
Commodity:
Operating revenue	$	7		$	25		$	22		$	19
Purchased gas		(6	)		(21	)		2			(14	)
Electric fuel and other energy-related purchases		(19	)		(12	)		(51	)		(43	)
Other operations and maintenance		1			—			(1	)		—
Total	$	(17	)	$	(8	)	$	(28	)	$	(38	)

(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:

	September 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	$	156	$	—	$	156	$	147	$	—	$	147
Interest rate contracts:
Over-the-counter		—		—		—		6		—		6
Total derivatives, subject to a master netting or    similar arrangement		156		—		156		153		—		153
Total derivatives, not subject to a master netting or    similar arrangement		12		—		12		41		—		41
Total	$	168	$	—	$	168	$	194	$	—	$	194

			September 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	$	156	$	1	$	—	$	155	$	147	$	2	$	—	$	145
Interest rate contracts:
Over-the-counter		—		—		—		—		6		—		—		6
Total	$	156	$	1	$	—	$	155	$	153	$	2	$	—	$	151

Offsetting Liabilities

	September 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	$	1	$	—	$	1	$	2	$	—	$	2
Interest rate contracts:
Over-the-counter		55		—		55		21		—		21
Total derivatives, subject to a master netting or    similar arrangement		56		—		56		23		—		23
Total derivatives, not subject to a master netting or    similar arrangement		5		—		5		8		—		8
Total	$	61	$	—	$	61	$	31	$	—	$	31

			September 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	$	1	$	1	$	—	$	—	$	2	$	2	$	—	$	—
Interest rate contracts:
Over-the-counter		55		—		—		55		21		—		—		21
Total	$	56	$	1	$	—	$	55	$	23	$	2	$	—	$	21

Schedule of Volume of Derivative Activity

The following table presents the volume of Virginia Power’s derivative activity at September 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)		28		6
Basis		85		562
Electricity (MWh):
Fixed price(1)		1,426,093		611,629
FTRs		68,673,158		—
Interest rate(2)	$	300,000,000	$	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 September 30, 2017:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Interest rate	$	(12	)	$	(1	)	387 months
Total	$	(12	)	$	(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)
September 30, 2017
ASSETS
Current Assets
Commodity	$	—	$	61	$	61
Total current derivative assets(1)		—		61		61
Noncurrent Assets
Commodity		—		107		107
Total noncurrent derivative assets(2)		—		107		107
Total derivative assets	$	—	$	168	$	168
LIABILITIES
Current Liabilities
Commodity	$	—	$	6	$	6
Interest rate		17		—		17
Total current derivative liabilities(3)		17		6		23
Noncurrent Liabilities
Interest rate		38		—		38
Total noncurrent derivatives liabilities (4)		38		—		38
Total derivative liabilities	$	55	$	6	$	61
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 September 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(3	)	$	—		$	(26	)
Total	$	(3	)	$	—		$	(26	)
Three Months Ended September 30, 2016
Derivative type and location of gains (losses):
Interest rate(3)	$	(2	)	$	—		$	(16	)
Total	$	(2	)	$	—		$	(16	)
Nine Months Ended September 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(8	)	$	(1	)	$	(60	)
Total	$	(8	)	$	(1	)	$	(60	)
Nine Months Ended September 30, 2016
Derivative type and location of gains (losses):
Interest rate(3)	$	(26	)	$	(1	)	$	(258	)
Total	$	(26	)	$	(1	)	$	(258	)

(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 September 30,						Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments	2017			2016			2017			2016
(millions)
Derivative type and location of gains (losses):
Commodity(2)	$	(18	)	$	(10	)	$	(42	)	$	(40	)
Total	$	(18	)	$	(10	)	$	(42	)	$	(40	)

(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.

	September 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	$	1	$	—	$	1	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		25		—		25		—		—		—
Total derivatives, subject to a master netting or    similar arrangement		26		—		26		—		—		—
Total	$	26	$	—	$	26	$	—	$	—	$	—

			September 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 AssetsPresented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Received		Net Amounts		Net Amounts of AssetsPresented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amounts
(millions)
Commodity contracts:
Over-the-counter	$	1		$	—	$	—	$	1	$	—	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		25			4		—		21		—		—		—		—
Total	$	26		$	4	$	—	$	22	$	—	$	—	$	—	$	—

Offsetting Liabilities

	September 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	$	6	$	—	$	6	$	5	$	—	$	5
Foreign currency contracts:
Over-the-counter		4		—		4		6		—		6
Total derivatives, subject to a master netting or    similar arrangement		10		—		10		11		—		11
Total	$	10	$	—	$	10	$	11	$	—	$	11

			September 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		NetAmounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts
(millions)
Commodity contracts
Over-the-counter	$	6	$	—	$	—	$	6	$	5	$	—	$	—	$	5
Foreign currency contracts:
Over-the-counter		4		4		—		—		6		—		—		6
Total	$	10	$	4	$	—	$	6	$	11	$	—	$	—	$	11

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy Gas' derivative activity at September 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)		30,514,288		—
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 September 30, 2017:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Commodities:
NGLs	$	(4	)	$	(4	)	6 months
Interest rate		(26	)		(3	)	327 months
Foreign currency		4			(2	)	105 months
Total	$	(26	)	$	(9	)

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)
September 30, 2017
ASSETS
Current Assets
Commodity	$	—	$	1	$	1
Total current derivative assets(1)		—		1		1
Noncurrent Assets
Foreign currency		25		—		25
Total noncurrent derivative assets(2)		25		—		25
Total derivative assets	$	25	$	1	$	26
LIABILITIES
Current Liabilities
Commodity	$	6	$	—	$	6
Foreign currency		4		—		4
Total current derivative liabilities(3)		10		—		10
Total derivative liabilities	$	10	$	—	$	10
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:

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 September 30, 2017
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	(2	)
Total commodity	$	(10	)	$	(2	)
Interest rate(2)		—			(1	)
Foreign currency(3)		12			10
Total	$	2		$	7
Three Months Ended September 30, 2016
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	1
Total commodity	$	—		$	1
Interest rate(2)		—			(1	)
Foreign currency(3)		12			3
Total	$	12		$	3
Nine Months Ended September 30, 2017
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	(4	)
Total commodity	$	(5	)	$	(4	)
Interest rate(2)		—			(3	)
Foreign currency(3)		10			15
Total	$	5		$	8
Nine Months Ended September 30, 2016
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	6
Total commodity	$	(7	)	$	6
Interest rate(2)		(8	)		(2	)
Foreign currency(3)		4			1
Total	$	(11	)	$	5

(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.

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

	Amount of Gain (Loss) Recognized in Income on Derivatives
	Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments	2017		2016		2017		2016
(millions)
Derivative type and location of gains (losses):
Commodity:
Operating revenue	$	—	$	5	$	—	$	3
Total	$	—	$	5	$	—	$	3