Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020
Beginning balance	$	(407	)	$	37		$	(1,421	)	$	(2	)	$	(1,793	)
Other comprehensive income before reclassifications: gains (losses)		(266	)		9			—			—			(257	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		22			(9	)		19			—			32
Net current period other comprehensive income (loss)		(244	)		—			19			—			(225	)
Ending balance	$	(651	)	$	37		$	(1,402	)	$	(2	)	$	(2,018	)
Three Months Ended March 31, 2019
Beginning balance	$	(235	)	$	2		$	(1,465	)	$	(2	)	$	(1,700	)
Other comprehensive income before reclassifications: gains (losses)		(24	)		16			—			—			(8	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(31	)		—			8			—			(23	)
Net current period other comprehensive income (loss)		(55	)		16			8			—			(31	)
Ending balance	$	(290	)	$	18		$	(1,457	)	$	(2	)	$	(1,731	)

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

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 March 31, 2020
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(7	)	Operating revenue
		3		Purchased gas
Interest rate contracts		27		Interest and related charges
Foreign currency contracts		6		Other income (expense)
Total		29
Tax		(7	)	Income tax expense (benefit)
Total, net of tax	$	22
Unrealized (gains) and losses on investment securities:
Realized (gains) losses on sale of securities	$	(13	)	Other income (expense)
Total		(13	)
Tax		4		Income tax expense (benefit)
Total, net of tax	$	(9	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(6	)	Other income (expense)
Amortization of actuarial losses		30		Other income (expense)
Total		24
Tax		(5	)	Income tax expense (benefit)
Total, net of tax	$	19
Three Months Ended March 31, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(54	)	Operating revenue
		(3	)	Purchased gas
Interest rate contracts		10		Interest and related charges
Foreign currency contracts		6		Other income (expense)
Total		(41	)
Tax		10		Income tax expense (benefit)
Total, net of tax	$	(31	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(5	)	Other income (expense)
Amortization of actuarial losses		27		Other income (expense)
Total		22
Tax		(14	)	Income tax expense (benefit)
Total, net of tax	$	8

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 March 31, 2020
Beginning balance	$	(34	)	$	5		$	(29	)
Other comprehensive income before reclassifications: gains (losses)		(45	)		(2	)		(47	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		—			1			1
Net current period other comprehensive income (loss)		(45	)		(1	)		(46	)
Ending balance	$	(79	)	$	4		$	(75	)
Three Months Ended March 31, 2019
Beginning balance	$	(13	)	$	1		$	(12	)
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	)
Ending balance	$	(20	)	$	3		$	(17	)

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

The following table presents Virginia Power’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 March 31, 2020
Unrealized (gains) and losses on investment securities:
Realized (gains) losses on sale of securities	$	2		Other income (loss)
Total		2
Tax		(1	)	Income tax expense (benefit)
Total, net of tax	$	1

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 March 31, 2020
Beginning balance	$	(81	)	$	(106	)	$	(187	)
Other comprehensive income before reclassifications: gains (losses)		(91	)		—			(91	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		6			1			7
Net current period other comprehensive income (loss)		(85	)		1			(84	)
Ending balance	$	(166	)	$	(105	)	$	(271	)
Three Months Ended March 31, 2019
Beginning balance	$	(25	)	$	(144	)	$	(169	)
Other comprehensive income before reclassifications: gains (losses)		(27	)		—			(27	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		3			1			4
Net current period other comprehensive income (loss)		(24	)		1			(23	)
Less other comprehensive income (loss) attributable to noncontrolling interest		(1	)		—			(1	)
Ending balance	$	(48	)	$	(143	)	$	(191	)

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

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 March 31, 2020
Deferred (gains) and losses on derivatives-hedging activities:
Interest rate contracts	$	2		Interest and related charges
Foreign currency contracts		6		Other income
Total		8
Tax		(2	)	Income tax expense
Total, net of tax	$	6
Unrecognized pension costs:
Actuarial losses	$	2		Other income
Total		2
Tax		(1	)	Income tax expense
Total, net of tax	$	1
Three Months Ended March 31, 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		6		Other income
Total		3
Tax		—		Income tax expense
Total, net of tax	$	3
Unrecognized pension costs:
Actuarial losses	$	2		Other income
Total		2
Tax		(1	)	Income tax expense
Total, net of tax	$	1