Generation Separation (Tables)

12 Months Ended

Dec. 31, 2017

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Balance Sheet and Profit and Loss Information for Discontinued Operations

The following table summarizes the revenues, cost of revenues, operating expenses and income tax of discontinued operations for the periods indicated:

	Years ended December 31,
$ in millions	2016			2015
Revenues	$	—		$	340.9
Cost of revenues	—			(307.0		)
Operating expenses	(0.7		)	(22.5		)
Income / (loss) from discontinued operations before income tax	(0.7		)	11.4
Gain from disposal of discontinued operations	49.2			—
Income tax expense / (benefit) from discontinued operations	19.2			(1.0		)
Income from discontinued operations	$	29.3		$	12.4

The following table summarizes the major classes of assets and liabilities classified as held-for-sale as of December 31, 2017:

$ in millions	December 31, 2017
Assets
Accounts receivable, net	$	3.8
Inventories	7.6
Taxes applicable to subsequent years	4.9
Property, plant & equipment, net	233.7
Other assets	0.3
Total assets of the disposal group classified as held-for-sale in the balance sheet	$	250.3
Liabilities
Accounts payable	$	3.9
Accrued taxes	3.6
Taxes payable	4.9
Asset retirement obligations	0.6
Other liabilities	0.2
Total liabilities of the disposal group classified as held-for-sale in the balance sheet	$	13.2

THE DAYTON POWER AND LIGHT COMPANY [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Balance Sheet and Profit and Loss Information for Discontinued Operations

The following table summarizes the carrying amounts of DP&L's Generation assets that were transferred to AES Ohio Generation on October 1, 2017:

$ in millions	October 1, 2017
ASSETS
Restricted cash	$	2.0
Accounts receivable, net	31.3
Inventories	42.0
Taxes applicable to subsequent years	1.8
Property, plant & equipment, net	87.0
Intangible assets, net	0.7
Other assets	15.5
Total assets	$	180.3
LIABILITIES
Accounts payable	$	12.4
Accrued taxes (b)	(3.9		)
Long-term debt(a)	0.3
Deferred taxes (b)	(91.9		)
Pension, retiree and other benefits	9.6
Unamortized investment tax credit	15.1
Asset retirement obligations	126.3
Other liabilities	24.1
Total liabilities	$	92.0
Total accumulated other comprehensive income	2.1
Net assets transferred to AES Ohio Generation	$	86.2

(a) Long-term debt that transferred to AES Ohio Generation relates to capital leases.

(b) Accrued taxes and deferred taxes transferred to AES Ohio Generation represent the tax asset position netted with liabilities on DP&L prior to Generation Separation.

DP&L's generation business met the criteria to be classified as a discontinued operation, and, accordingly, the historical activity has been reclassified to "Discontinued operations" in the Statements of Operations for the years ended December 31, 2017, 2016 and 2015. Similarly, the assets and liabilities related to the generation business were classified as held-for-sale as of December 31, 2016.

The following table summarizes the major categories of assets and liabilities at December 31, 2016, and the revenues, cost of revenues, operating and other expenses and income tax of discontinued operations for the periods indicated:

				December 31,
$ in millions				2016
Restricted cash				$	29.0
Accounts receivable, net				34.9
Inventories				66.5
Taxes applicable to subsequent years				11.3
Property, plant & equipment, net				156.7
Intangible assets, net				0.9
Other assets				25.3
Total assets of the disposal group classified as held-for-sale in the balance sheets				$	324.6
Accounts payable				$	54.8
Accrued taxes				3.5
Long-term debt				13.4
Taxes payable				11.3
Deferred taxes (a)				(120.7		)
Pension, retiree and other benefits				8.2
Unamortized investment tax credit				16.6
Asset retirement obligations				127.0
Other liabilities				43.6
Total liabilities of the disposal group classified as held-for-sale in the balance sheets				$	157.7
	Years ended December 31,
	2017			2016			2015
Revenues	$	358.4		$	557.9		$	901.6
Cost of revenues	(191.6		)	(341.1		)	(698.3		)
Operating and other expenses	(156.8		)	(202.0		)	(250.8		)
Fixed-asset impairment	(66.3		)	(1,353.5		)	—
Loss from discontinued operations	(56.3		)	(1,338.7		)	(47.5		)
Income tax benefit from discontinued operations	(15.9		)	(468.4		)	(23.9		)
Net loss from discontinued operations	$	(40.4	)	$	(870.3	)	$	(23.6	)

(a) Deferred taxes represent the tax asset position netted with liabilities on DP&L prior to Generation Separation.