XML 39 R19.htm IDEA: XBRL DOCUMENT v3.19.2
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The changes in accumulated other comprehensive income/(loss) by component, net of tax, are as follows:
 
For the Six Months Ended June 30, 2019
 
For the Six Months Ended June 30, 2018
Eversource 
(Millions of Dollars)
Qualified
Cash Flow
Hedging
Instruments
 
Unrealized
Gains/(Losses)
 on Marketable
Securities
 
Defined
Benefit Plans
 
Total
 
Qualified
Cash Flow
Hedging
Instruments
 
Unrealized
Losses on
Marketable
Securities
 
Defined
Benefit Plans
 
Total
Balance as of January 1st
$
(4.4
)
 
$
(0.5
)
 
$
(55.1
)
 
$
(60.0
)
 
$
(6.2
)
 
$

 
$
(60.2
)
 
$
(66.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OCI Before Reclassifications

 
1.1

 
2.6

 
3.7

 

 
(0.6
)
 
2.6

 
2.0

Amounts Reclassified from AOCI
0.6

 

 
2.1

 
2.7

 
1.2

 

 
2.2

 
3.4

Net OCI
0.6

 
1.1

 
4.7

 
6.4

 
1.2

 
(0.6
)
 
4.8

 
5.4

Balance as of June 30th
$
(3.8
)
 
$
0.6

 
$
(50.4
)
 
$
(53.6
)
 
$
(5.0
)
 
$
(0.6
)
 
$
(55.4
)
 
$
(61.0
)


Eversource's qualified cash flow hedging instruments represent interest rate swap agreements on debt issuances that were settled in prior years. The settlement amount was recorded in AOCI and is being amortized into Net Income over the term of the underlying debt instrument.  CL&P, NSTAR Electric and PSNH continue to amortize interest rate swaps settled in prior years from AOCI into Interest Expense over the remaining life of the associated long-term debt. Such interest rate swaps are not material to their respective financial statements.

Defined benefit plan OCI amounts before reclassifications relate to actuarial gains and losses that arose during the year and were recognized in AOCI. The unamortized actuarial gains and losses and prior service costs on the defined benefit plans are amortized from AOCI into Other Income, Net over the average future employee service period, and are reflected in amounts reclassified from AOCI.

Eversource did not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act from AOCI to Retained Earnings as permitted by ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220).