New And Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2017

Components Of Net Periodic Benefit Cost

The net periodic benefit costs reflected in PG&E Corporation’s Condensed Consolidated Financial Statements for the three and six months ended June 30, 2017 and 2016 were as follows:

	Pension Benefits				Other Benefits
	Three Months Ended June 30,
(in millions)	2017		2016		2017		2016
Service cost for benefits earned	$	118	$	113	$	15	$	13
Interest cost		178		179		19		19
Expected return on plan assets		(192)		(207)		(25)		(27)
Amortization of prior service cost		(2)		2		4		4
Amortization of net actuarial loss		5		6		1		1
Net periodic benefit cost		107		93		14		10
Regulatory account transfer (1)		(23)		(8)		-		-
Total	$	84	$	85	$	14	$	10

(1) The Utility recorded these amounts to a regulatory account since they are probable of recovery from, or refund to, customers in future rates.

	Pension Benefits				Other Benefits
	Six Months Ended June 30,
(in millions)	2017		2016		2017		2016
Service cost for benefits earned	$	236	$	226	$	30	$	26
Interest cost		357		358		38		38
Expected return on plan assets		(385)		(414)		(49)		(54)
Amortization of prior service cost		(4)		4		8		8
Amortization of net actuarial loss		11		12		2		2
Net periodic benefit cost		215		186		29		20
Regulatory account transfer (1)		(46)		(17)		-		-
Total	$	169	$	169	$	29	$	20

(1) The Utility recorded these amounts to a regulatory account since they are probable of recovery from, or refund to, customers in future rates.

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

The changes, net of income tax, in PG&E Corporation’s accumulated other comprehensive income (loss) are summarized below:

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Three Months Ended June 30, 2017
Beginning balance	$	(25)	$	16	$	(9)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $1 and $1, respectively)		(1)		3		2
Amortization of net actuarial loss
(net of taxes of $2 and $1, respectively)		3		-		3
Regulatory account transfer
(net of taxes of $1 and $2, respectively)		(2)		(2)		(4)
Net current period other comprehensive gain (loss)		-		1		1
Ending balance	$	(25)	$	17	$	(8)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Three Months Ended June 30, 2016
Beginning balance	$	(23)	$	16	$	(7)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $1 and $1, respectively)		1		3		4
Amortization of net actuarial loss
(net of taxes of $2, and $1, respectively)		4		-		4
Regulatory account transfer
(net of taxes of $3 and $2, respectively)		(5)		(3)		(8)
Net current period other comprehensive gain (loss)		-		-		-
Ending balance	$	(23)	$	16	$	(7)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Six Months Ended June 30, 2017
Beginning balance	$	(25)	$	16	$	(9)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $2 and $3, respectively)		(2)		5		3
Amortization of net actuarial loss
(net of taxes of $5 and $1, respectively)		6		1		7
Regulatory account transfer
(net of taxes of $3 and $4, respectively)		(4)		(5)		(9)
Net current period other comprehensive gain (loss)		-		1		1
Ending balance	$	(25)	$	17	$	(8)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Six Months Ended June 30, 2016
Beginning balance	$	(23)	$	16	$	(7)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $2 and $3, respectively)		2		5		7
Amortization of net actuarial loss
(net of taxes of $4 and $1, respectively)		8		1		9
Regulatory account transfer
(net of taxes of $6 and $4, respectively)		(10)		(6)		(16)
Net current period other comprehensive gain (loss)		-		-		-
Ending balance	$	(23)	$	16	$	(7)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)