Derivatives and Hedge Accounting Activities (Tables)

9 Months Ended

Sep. 30, 2018

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, 2018						December 31, 2017
	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	$	109	$	—	$	109	$	174	$	—	$	174
Exchange		29		—		29		80		—		80
Interest rate contracts:
Over-the-counter		117		—		117		17		—		17
Foreign currency contracts:
Over-the-counter		32		—		32		32		—		32
Total derivatives, subject to a master netting or    similar arrangement		287		—		287		303		—		303
Total derivatives, not subject to a master netting or    similar arrangement		10		—		10		4		—		4
Total	$	297	$	—	$	297	$	307	$	—	$	307

			September 30, 2018									December 31, 2017
			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	$	109		$	10	$	—	$	99	$	174		$	9	$	—	$	165
Exchange		29			29		—		—		80			80		—		—
Interest rate contracts:
Over-the-counter		117			9		—		108		17			8		—		9
Foreign currency contracts:
Over-the-counter		32			3		—		29		32			2		—		30
Total	$	287		$	51	$	—	$	236	$	303		$	99	$	—	$	204

Offsetting Liabilities

	September 30, 2018						December 31, 2017
	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	$	32	$	—	$	32	$	76	$	—	$	76
Exchange		68		—		68		120		—		120
Interest rate contracts:
Over-the-counter		42		—		42		85		—		85
Foreign currency contracts:
Over-the-counter		3		—		3		2		—		2
Total derivatives, subject to a master netting or    similar arrangement		145		—		145		283		—		283
Total derivatives, not subject to a master netting or    similar arrangement		—		—		—		1		—		1
Total	$	145	$	—	$	145	$	284	$	—	$	284

			September 30, 2018									December 31, 2017
			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	$	32		$	10	$	—	$	22	$	76	$	9	$	6	$	61
Exchange		68			29		39		—		120		80		40		—
Interest rate contracts:
Over-the-counter		42			9		—		33		85		8		—		77
Foreign currency contracts:
Over-the-counter		3			3		—		—		2		2		—		—
Total	$	145		$	51	$	39	$	55	$	283	$	99	$	46	$	138

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy’s derivative activity at September 30, 2018. These volumes are based on open derivative positions and represent the combined absolute value of their 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)		71		29
Basis		261		607
Electricity (MWh):
Fixed price(1)		9,770,320		957,820
FTRs		74,350,989		—
Liquids (Gal)(2)		35,084,400		—
Interest rate(3)	$	600,000,000	$	5,023,819,541
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, 2018:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Commodities:
Gas	$	2		$	2		37 months
Electricity		(34	)		(34	)	15 months
Other		(7	)		(7	)	6 months
Interest rate		(219	)		(29	)	375 months
Foreign currency		13			(3	)	93 months
Total	$	(245	)	$	(71	)

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, 2018
ASSETS
Current Assets
Commodity	$	8	$	86	$	94
Interest rate		58		—		58
Total current derivative assets(1)		66		86		152
Noncurrent Assets
Commodity		3		51		54
Interest rate		59		—		59
Foreign currency		32		—		32
Total noncurrent derivative assets(2)		94		51		145
Total derivative assets	$	160	$	137	$	297
LIABILITIES
Current Liabilities
Commodity	$	64	$	32	$	96
Interest rate		10		—		10
Foreign currency		3		—		3
Total current derivative liabilities(3)		77		32		109
Noncurrent Liabilities
Commodity		3		1		4
Interest rate		32		—		32
Total noncurrent derivative liabilities(4)		35		1		36
Total derivative liabilities	$	112	$	33	$	145
December 31, 2017
ASSETS
Current Assets
Commodity	$	5	$	158	$	163
Interest rate		6		—		6
Total current derivative assets(1)		11		158		169
Noncurrent Assets
Commodity		—		95		95
Interest rate		11		—		11
Foreign currency		32		—		32
Total noncurrent derivative assets(2)		43		95		138
Total derivative assets	$	54	$	253	$	307
LIABILITIES
Current Liabilities
Commodity	$	103	$	92	$	195
Interest rate		53		—		53
Foreign currency		2		—		2
Total current derivative liabilities(3)		158		92		250
Noncurrent Liabilities
Commodity		1		1		2
Interest rate		32		—		32
Total noncurrent derivative liabilities(4)		33		1		34
Total derivative liabilities	$	191	$	93	$	284

(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, 2018
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	(26	)
Total commodity	$	(58	)	$	(26	)	$	—
Interest rate(3)		23			(12	)		48
Foreign currency(4)		(1	)		(2	)		—
Total	$	(36	)	$	(40	)	$	48
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	)
Nine Months Ended September 30, 2018
Derivative type and location of gains (losses):
Commodity:
Operating revenue				$	(55	)
Purchased gas					(2	)
Electric fuel and other energy-related    purchases					8
Total commodity	$	(1	)	$	(49	)	$	—
Interest rate(3)		70			(36	)		141
Foreign currency(4)		(1	)		(10	)		—
Total	$	68		$	(95	)	$	141
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	)

(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

Derivatives not designated as hedging instruments	Amount of Gain (Loss) Recognized in Income on Derivatives(1)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2018			2017			2018			2017
(millions)
Derivative type and location of gains (losses):
Commodity:
Operating revenue	$	(5	)	$	7		$	(8	)	$	22
Purchased gas		1			(6	)		5			2
Electric fuel and other energy-related purchases		(7	)		(19	)		(23	)		(51	)
Other operations & maintenance		—			1			—			(1	)
Total	$	(11	)	$	(17	)	$	(26	)	$	(28	)

(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

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, 2018						December 31, 2017
	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	$	89	$	—	$	89	$	155	$	—	$	155
Interest rate contracts:
Over-the-counter		65		—		65		—		—		—
Total derivatives, subject to a master netting or    similar arrangement		154		—		154		155		—		155
Total derivatives, not subject to a master netting or    similar arrangement		16		—		16		11		—		11
Total	$	170	$	—	$	170	$	166	$	—	$	166

			September 30, 2018								December 31, 2017
			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	$	89	$	5	$	—	$	84	$	155	$	4	$	—	$	151
Interest rate contracts:
Over-the-counter		65		—		—		65		—		—		—		—
Total	$	154	$	5	$	—	$	149	$	155	$	4	$	—	$	151

Offsetting Liabilities

	September 30, 2018						December 31, 2017
	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	$	4	$	—	$	4
Interest rate contracts:
Over-the-counter		—		—		—		57		—		57
Total derivatives, subject to a master netting or    similar arrangement		5		—		5		61		—		61
Total derivatives, not subject to a master netting or    similar arrangement		3		—		3		5		—		5
Total	$	8	$	—	$	8	$	66	$	—	$	66

			September 30, 2018								December 31, 2017
			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	$	—	$	—	$	4	$	4	$	—	$	—
Interest rate contracts:
Over-the-counter		—		—		—		—		57		—		—		57
Total	$	5	$	5	$	—	$	—	$	61	$	4	$	—	$	57

Schedule of Volume of Derivative Activity

The following table presents the volume of Virginia Power’s derivative activity at September 30, 2018. These volumes are based on open derivative positions and represent the combined absolute value of their 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)		24		4
Basis		161		521
Electricity (MWh):
Fixed price(1)		660,190		—
FTRs		73,336,004		—
Interest rate(2)	$	600,000,000	$	1,000,000,000

(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, 2018:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Interest rate	$	(5	)	$	(1	)	375 months
Total	$	(5	)	$	(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, 2018
ASSETS
Current Assets
Commodity	$	—	$	60	$	60
Interest rate		28		—		28
Total current derivative assets(1)		28		60		88
Noncurrent Assets
Commodity		—		45		45
Interest rate		37		—		37
Total noncurrent derivative assets(2)		37		45		82
Total derivative assets	$	65	$	105	$	170
LIABILITIES
Current Liabilities
Commodity	$	—	$	8	$	8
Total current derivative liabilities(3)		—		8		8
Total derivative liabilities	$	—	$	8	$	8
December 31, 2017
ASSETS
Current Assets
Commodity	$	—	$	75	$	75
Total current derivative assets(1)		—		75		75
Noncurrent Assets
Commodity		—		91		91
Total noncurrent derivative assets(2)		—		91		91
Total derivative assets	$	—	$	166	$	166
LIABILITIES
Current Liabilities
Commodity	$	—	$	9	$	9
Interest rate		44		—		44
Total current derivative liabilities(3)		44		9		53
Noncurrent Liabilities
Interest rate		13		—		13
Total noncurrent derivatives liabilities (4)		13		—		13
Total derivative liabilities	$	57	$	9	$	66

(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, 2018
Derivative type and location of gains (losses):
Interest rate(3)	$	4		$	—		$	48
Total	$	4		$	—		$	48
Three Months Ended September 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(3	)	$	—		$	(26	)
Total	$	(3	)	$	—		$	(26	)
Nine Months Ended September 30, 2018
Derivative type and location of gains (losses):
Interest rate(3)	$	13		$	—		$	141
Total	$	13		$	—		$	141
Nine Months Ended September 30, 2017
Derivative type and location of gains (losses):
Interest rate(3)	$	(8	)	$	(1	)	$	(60	)
Total	$	(8	)	$	(1	)	$	(60	)

(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

Derivatives not designated as hedging instruments	Amount of Gain (Loss) Recognized in Income on Derivatives(1)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2018			2017			2018			2017
(millions)
Derivative type and location of gains (losses):
Commodity(2)	$	(9	)	$	(18	)	$	(12	)	$	(42	)
Total	$	(9	)	$	(18	)	$	(12	)	$	(42	)

(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

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, 2018						December 31, 2017
	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)
Interest rate contracts:
Over-the-counter	$	8	$	—	$	8	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		32		—		32		32		—		32
Total derivatives, subject to a master netting or    similar arrangement	$	40	$	—	$	40	$	32	$	—	$	32

			September 30, 2018									December 31, 2017
			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)
Interest rate contracts:
Over-the-counter	$	8		$	1	$	—	$	7	$	—	$	—	$	—	$	—
Foreign currency contracts:
Over-the-counter		32			3		—		29		32		2		—		30
Total	$	40		$	4	$	—	$	36	$	32	$	2	$	—	$	30

Offsetting Liabilities

	September 30, 2018						December 31, 2017
	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	$	9	$	—	$	9	$	6	$	—	$	6
Interest rate contracts:
Over-the-counter		1		—		1		—		—		—
Foreign currency contracts:
Over-the-counter		3		—		3		2		—		2
Total derivatives, subject to a master netting or    similar arrangement	$	13	$	—	$	13	$	8	$	—	$	8

			September 30, 2018								December 31, 2017
			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	$	9	$	—	$	—	$	9	$	6	$	—	$	—	$	6
Interest rate contracts:
Over-the-counter		1		1		—		—		—		—		—		—
Foreign currency contracts:
Over-the-counter		3		3		—		—		2		2		—		—
Total	$	13	$	4	$	—	$	9	$	8	$	2	$	—	$	6

Schedule of Volume of Derivative Activity

The following table presents the volume of Dominion Energy Gas’ derivative activity at September 30, 2018. These volumes are based on open derivative positions and represent the combined absolute value of their 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
NGLs (Gal)		29,708,400		—
Interest rate(1)	$	—	$	1,050,000,000
Foreign currency(1)(2)	$	—	$	280,000,000

(1) Maturity is based on final settlement period.

(2) 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, 2018:

	AOCI After-Tax			Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax			Maximum Term
(millions)
Commodities:
NGLs	$	(7	)	$	(7	)	6 months
Interest rate		(22	)		(4	)	315 months
Foreign currency		13			(3	)	93 months
Total	$	(16	)	$	(14	)

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, 2018
ASSETS
Noncurrent Assets
Interest rate	$	8	$	—	$	8
Foreign currency		32		—		32
Total noncurrent derivative assets(1)		40		—		40
Total derivative assets	$	40	$	—	$	40
LIABILITIES
Current Liabilities
Commodity	$	9	$	—	$	9
Interest rate		1		—		1
Foreign currency		3		—		3
Total current derivative liabilities(2)		13		—		13
Total derivative liabilities	$	13	$	—	$	13
December 31, 2017
ASSETS
Noncurrent Assets
Foreign currency	$	32	$	—	$	32
Total noncurrent derivative assets(1)		32		—		32
Total derivative assets	$	32	$	—	$	32
LIABILITIES
Current Liabilities
Commodity	$	6	$	—	$	6
Foreign currency		2		—		2
Total current derivative liabilities(2)		8		—		8
Total derivative liabilities	$	8	$	—	$	8

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

(2) Current derivative liabilities are presented in other current 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, 2018
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	(3	)
Total commodity	$	(5	)	$	(3	)
Interest rate(2)		10			(2	)
Foreign currency(3)		(1	)		(2	)
Total	$	4		$	(7	)
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
Nine Months Ended September 30, 2018
Derivative Type and Location of Gains (Losses):
Commodity:
Operating revenue				$	(8	)
Total commodity	$	(11	)	$	(8	)
Interest rate(2)		6			(4	)
Foreign currency(3)		(1	)		(10	)
Total	$	(6	)	$	(22	)
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

(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.