Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2018

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, 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	)
Three Months Ended June 30, 2017
Beginning balance	$	(260	)	$	599		$	(1,069	)	$	(5	)	$	(735	)
Other comprehensive income before reclassifications: gains (losses)		28			35			—			1			64
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(18	)		(4	)		11			—			(11	)
Net current period other comprehensive income (loss)		10			31			11			1			53
Ending balance	$	(250	)	$	630		$	(1,058	)	$	(4	)	$	(682	)
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	)
Six Months Ended June 30, 2017
Beginning balance	$	(280	)	$	569		$	(1,082	)	$	(6	)	$	(799	)
Other comprehensive income before reclassifications: gains (losses)		71			93			—			2			166
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(41	)		(32	)		24			—			(49	)
Net current period other comprehensive income (loss)		30			61			24			2			117
Ending balance	$	(250	)	$	630		$	(1,058	)	$	(4	)	$	(682	)

(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, 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
Three Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(19	)	Operating revenue
		(2	)	Electric fuel and other energy-related purchases
Interest rate contracts		11		Interest and related charges
Foreign currency contracts		(19	)	Other income
Total		(29	)
Tax		11		Income tax expense
Total, net of tax	$	(18	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(11	)	Other income
Impairment		5		Other income
Total		(6	)
Tax		2		Income tax expense
Total, net of tax	$	(4	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(5	)	Other income
Amortization of actuarial losses		26		Other income
Total		21
Tax		(10	)	Income tax expense
Total, net of tax	$	11
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
Six Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(81	)	Operating revenue
		(2	)	Electric fuel and other energy-related purchases
Interest rate contracts		23		Interest and related charges
Foreign currency contracts		(6	)	Other income
Total		(66	)
Tax		25		Income tax expense
Total, net of tax	$	(41	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(64	)	Other income
Impairment		14		Other income
Total		(50	)
Tax		18		Income tax expense
Total, net of tax	$	(32	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(9	)	Other income
Amortization of actuarial losses		51		Other income
Total		42
Tax		(18	)	Income tax expense
Total, net of tax	$	24

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, 2018
Beginning balance	$	(10	)	$	1		$	(9	)
Other comprehensive income before reclassifications: gains (losses)		2			(2	)		—
Amounts reclassified from AOCI: (gains) losses		—			—			—
Net current period other comprehensive income (loss)		2			(2	)		—
Ending balance	$	(8	)	$	(1	)	$	(9	)
Three Months Ended June 30, 2017
Beginning balance	$	(8	)	$	58		$	50
Other comprehensive income before reclassifications: gains (losses)		(3	)		4			1
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		1			(1	)		—
Net current period other comprehensive income (loss)		(2	)		3			1
Ending balance	$	(10	)	$	61		$	51
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		—			—			—
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	)
Six Months Ended June 30, 2017
Beginning balance	$	(8	)	$	54		$	46
Other comprehensive income before reclassifications: gains (losses)		(3	)		11			8
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		1			(4	)		(3	)
Net current period other comprehensive income (loss)		(2	)		7			5
Ending balance	$	(10	)	$	61		$	51

(1)

See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Virginia Power’s reclassifications out of AOCI by component. Reclassifications out of AOCI were immaterial for the three and six months ended June 30, 2018.

Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Three Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Interest rate contracts	$	1		Interest and related charges
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
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	)
Six Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Interest rate contracts	$	1		Interest and related charges
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(7	)	Other income
Impairment		1		Other income
Total		(6	)
Tax		2		Income tax expense
Total, net of tax	$	(4	)

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, 2018
Beginning balance	$	(18	)	$	(95	)	$	(113	)
Other comprehensive income before reclassifications: gains (losses)		(20	)		—			(20	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		14			1			15
Net current period other comprehensive income (loss)		(6	)		1			(5	)
Ending balance	$	(24	)	$	(94	)	$	(118	)
Three Months Ended June 30, 2017
Beginning balance	$	(22	)	$	(99	)	$	(121	)
Other comprehensive income before reclassifications: gains (losses)		11			—			11
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(12	)		2			(10	)
Net current period other comprehensive income (loss)		(1	)		2			1
Ending balance	$	(23	)	$	(97	)	$	(120	)
Six Months Ended June 30, 2018
Beginning balance	$	(23	)	$	(75	)	$	(98	)
Other comprehensive income before reclassifications: gains (losses)		(7	)		—			(7	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		11			2			13
Net current period other comprehensive income (loss)		4			2			6
Cumulative-effect of changes in accounting principle		(5	)		(21	)		(26	)
Ending balance	$	(24	)	$	(94	)	$	(118	)
Six Months Ended June 30, 2017
Beginning balance	$	(24	)	$	(99	)	$	(123	)
Other comprehensive income before reclassifications: gains (losses)		2			—			2
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(1	)		2			1
Net current period other comprehensive income (loss)		1			2			3
Ending balance	$	(23	)	$	(97	)	$	(120	)

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

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, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	2		Operating revenue
Interest rate contracts		1		Interest and related charges
Foreign currency contracts		16		Other income
Total		19
Tax		(5	)	Income tax expense
Total, net of tax	$	14
Unrecognized pension costs:
Actuarial losses	$	1		Other income
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
Three Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(1	)	Operating revenue
Interest rate contracts		1		Interest and related charges
Foreign currency contracts		(19	)	Other income
Total		(19	)
Tax		7		Income tax expense
Total, net of tax	$	(12	)
Unrecognized pension costs:
Actuarial losses	$	2		Other income
Total		2
Tax		—		Income tax expense
Total, net of tax	$	2
Six Months Ended June 30, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	5		Operating revenue
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
Six Months Ended June 30, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	3		Operating revenue
Interest rate contracts		2		Interest and related charges
Foreign currency contracts		(6	)	Other income
Total		(1	)
Tax		—		Income tax expense
Total, net of tax	$	(1	)
Unrecognized pension costs:
Actuarial losses	$	3		Other income
Total		3
Tax		(1	)	Income tax expense
Total, net of tax	$	2