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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Gains or Losses Recognized in AOCI for the Cash Flow Hedges
The following tables provide information concerning gains or losses recognized in AOCI for the cash flow hedges for the three and nine months ended September 30, 2019 and 2018:
 
 
Three months ended
 
Three months ended
 
 
September 30, 2019
 
September 30, 2018
 
 
 
 
Interest
 
 
 
Interest
$ in millions (net of tax)
 
Power
 
Rate Hedge
 
Power
 
Rate Hedge
Beginning accumulated derivative gains in AOCI
 
$
0.4

 
$
15.3

 
$
—

 
$
17.4

Net gains / (losses) associated with current period hedging transactions
 
—

 
(0.2
)
 
—

 
0.1

Net gains reclassified to earnings
 
 
 
 
 
 
 
 
Interest expense
 
—

 
(0.4
)
 
—

 
(0.2
)
(Income) / loss from discontinued operations
 
(0.4
)
 
—

 
—

 
—

Ending accumulated derivative gains in AOCI
 
$
—

 
$
14.7

 
$
—

 
$
17.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
Nine months ended
 
 
September 30, 2019
 
September 30, 2018
 
 
 
 
Interest
 
 
 
Interest
$ in millions (net of tax)
 
Power
 
Rate Hedge
 
Power
 
Rate Hedge
Beginning accumulated derivative gains / (losses) in AOCI
 
$
0.4

 
$
16.6

 
$
(2.8
)
 
$
17.5

Net gains / (losses) associated with current period hedging transactions
 
—

 
(1.0
)
 
—

 
0.4

Net (gains) / losses reclassified to earnings
 
 
 
 
 
 
 
 
Interest expense
 
—

 
(0.9
)
 
—

 
(0.6
)
(Income) / loss from discontinued operations
 
(0.4
)
 
—

 
2.8

 
—

Ending accumulated derivative gains in AOCI
 
$
—

 
$
14.7

 
$
—

 
$
17.3

 
 
 
 
 
 
 
 
 
Portion expected to be reclassified to earnings in the next twelve months
 


 
$
(1.2
)
 
 
 
 
Maximum length of time that we are hedging our exposure to variability in future cash flows related to forecasted transactions (in months)
 


 
11

 
 
 
 

Net gains or losses associated with the ineffective portion of the hedging transactions were immaterial in the prior year period presented.
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
DPL has elected not to offset derivative assets and liabilities and not to offset net derivative positions against the right to reclaim cash collateral pledged (an asset) or the obligation to return cash collateral received (a liability) under derivative agreements. The fair value derivative position of DPL's interest rate swaps are as follows:
Fair Values of Derivative Instruments
at September 30, 2019
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
$ in millions
 
Hedging Designation
 
Gross Fair Value as presented in the Condensed Consolidated Balance Sheets (a)
 
Financial Instruments with Same Counterparty in Offsetting Position
 
Cash Collateral
 
Net Fair Value
Assets
 
 
 
 
 
 
 
 
 
 
Short-term derivative positions (presented in Prepayments and other current assets)
Interest rate swap
 
Designated
 
$
0.2

 
$
—

 
$
—

 
$
0.2

Total assets
 
 
 
$
0.2

 
$
—

 
$
—

 
$
0.2


(a)    Includes credit valuation adjustment.
Fair Values of Derivative Instruments
at December 31, 2018
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
$ in millions
 
Hedging Designation
 
Gross Fair Value as presented in the Condensed Consolidated Balance Sheets (a)
 
Financial Instruments with Same Counterparty in Offsetting Position
 
Cash Collateral
 
Net Fair Value
Assets
 
 
 
 
 
 
 
 
 
 
Short-term derivative positions (presented in Prepayments and other current assets)
Interest rate swaps
 
Designated
 
$
0.9

 
$
—

 
$
—

 
$
0.9

 
 
 
 
 
 
 
 
 
 
 
Long-term derivative positions (presented in Other non-current assets)
Interest rate swaps
 
Designated
 
0.6

 
—

 
—

 
0.6

Total assets
 
 
 
$
1.5

 
$
—

 
$
—

 
$
1.5


(a)    Includes credit valuation adjustment.
THE DAYTON POWER AND LIGHT COMPANY [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Gains or Losses Recognized in AOCI for the Cash Flow Hedges
The following tables provide information concerning gains or losses recognized in AOCI for the cash flow hedges for the three and nine months ended September 30, 2019 and 2018:
 
 
Three months ended
 
 
September 30, 2019
 
September 30, 2018
 
 
Interest
 
Interest
$ in millions (net of tax)
 
Rate Hedge
 
Rate Hedge
Beginning accumulated derivative gains / (losses) in AOCI
 
$
(0.3
)
 
$
1.6

Net losses associated with current period hedging transactions
 
(0.1
)
 
—

Net gains reclassified to earnings
 
 
 
 
Interest expense
 
—

 
(0.2
)
Ending accumulated derivative gains / (losses) in AOCI
 
$
(0.4
)
 
$
1.4

 
 
 
 
 
 
 
Nine months ended
 
 
September 30, 2019
 
September 30, 2018
 
 
Interest
 
Interest
$ in millions (net of tax)
 
Rate Hedge
 
Rate Hedge
Beginning accumulated derivative gains in AOCI
 
$
0.6

 
$
1.4

Net gains / (losses) associated with current period hedging transactions
 
(0.9
)
 
0.5

Net gains reclassified to earnings
 
 
 
 
Interest expense
 
(0.1
)
 
(0.5
)
Ending accumulated derivative gains / (losses) in AOCI
 
$
(0.4
)
 
$
1.4

 
 
 
 
 
Portion expected to be reclassified to earnings in the next twelve months
 
$
(0.2
)
 
 
Maximum length of time that we are hedging our exposure to variability in future cash flows related to forecasted transactions (in months)
 
11

 
 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
DP&L has elected not to offset derivative assets and liabilities and not to offset net derivative positions against the right to reclaim cash collateral pledged (an asset) or the obligation to return cash collateral received (a liability) under derivative agreements. The fair value derivative position of DP&L's interest rate swaps are as follows:
Fair Values of Derivative Instruments
at September 30, 2019
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Balance Sheets
 
 
$ in millions
 
Hedging Designation
 
Gross Fair Value as presented in the Condensed Balance Sheets (a)
 
Financial Instruments with Same Counterparty in Offsetting Position
 
Cash Collateral
 
Net Fair Value
Assets
 
 
 
 
 
 
 
 
 
 
Short-term derivative positions (presented in Prepayments and other current assets)
Interest rate swap
 
Designated
 
$
0.2

 
$
—

 
$
—

 
$
0.2

Total assets
 
 
 
$
0.2

 
$
—

 
$
—

 
$
0.2


(a)    Includes credit valuation adjustment.

Fair Values of Derivative Instruments
at December 31, 2018
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Balance Sheets
 
 
$ in millions
 
Hedging Designation
 
Gross Fair Value as presented in the Condensed Balance Sheets (a)
 
Financial Instruments with Same Counterparty in Offsetting Position
 
Cash Collateral
 
Net Fair Value
Assets
 
 
 
 
 
 
 
 
 
 
Short-term derivative positions (presented in Prepayments and other current assets)
Interest rate swaps
 
Designated
 
$
0.9

 
$
—

 
$
—

 
$
0.9

 
 
 
 
 
 
 
 
 
 
 
Long-term derivative positions (presented in Other non-current assets)
Interest rate swaps
 
Designated
 
0.6

 
—

 
—

 
0.6

Total assets
 
 
 
$
1.5

 
$
—

 
$
—

 
$
1.5


(a)    Includes credit valuation adjustment.