Changes in Accumulated Other Comprehensive Income (Exelon, Generation, PECO and PHI)

The following tables present changes in accumulated other comprehensive income (loss) (AOCI) by component for the years ended December 31, 2016 and 2015:



For the Year Ended December 31, 2016	Gains and (Losses) on Cash Flow Hedges			Unrealized Gains on Marketable Securities		Pension and Non-Pension Postretirement Benefit Plan Items			Gains and (Losses) on Foreign Currency Items			AOCI of Equity Investments			Total
Exelon^(a)
Beginning balance	$	(19	)	$	3	$	(2,565	)	$	(40	)	$	(3	)	$	(2,624	)
OCI before reclassifications	(6		)	1		(182		)	5			(4		)	(186		)
Amounts reclassified from AOCI^(b)	8			—		137			5			—			150
Net current-period OCI	2			1		(45		)	10			(4		)	(36		)
Ending balance	$	(17	)	$	4	$	(2,610	)	$	(30	)	$	(7	)	$	(2,660	)
Generation^(a)
Beginning balance	$	(21	)	$	1	$	—		$	(40	)	$	(3	)	$	(63	)
OCI before reclassifications	(6		)	1		—			5			(4		)	(4		)
Amounts reclassified from AOCI^(b)	8			—		—			5			—			13
Net current-period OCI	2			1		—			10			(4		)	9
Ending balance	$	(19	)	$	2	$	—		$	(30	)	$	(7	)	$	(54	)
PECO^(a)
Beginning balance	$	—		$	1	$	—		$	—		$	—		$	1
OCI before reclassifications	—			—		—			—			—			—
Amounts reclassified from AOCI^(b)	—			—		—			—			—			—
Net current-period OCI	—			—		—			—			—			—
Ending balance	$	—		$	1	$	—		$	—		$	—		$	1
PHI Predecessor^(a)
Beginning balance January 1, 2016	$	(8	)	$	—	$	(28	)	$	—		$	—		$	(36	)
OCI before reclassifications	—			—		—			—			—			—
Amounts reclassified from AOCI^(b)	—			—		1			—			—			1
Net current-period OCI	—			—		1			—			—			1
Ending balance March 23, 2016^(c)	$	(8	)	$	—	$	(27	)	$	—		$	—		$	(35	)



For the Year Ended December 31, 2015	Gains and (Losses) on Cash Flow Hedges			Unrealized Gains on Marketable Securities		Pension and Non-Pension Postretirement Benefit Plan items			Gains and (Losses) on Foreign Currency Items			AOCI of Equity Investments			Total
Exelon^(a)
Beginning balance	$	(28	)	$	3	$	(2,640	)	$	(19	)	$	—		$	(2,684	)
OCI before reclassifications	(12		)	—		(100		)	(21		)	(3		)	(136		)
Amounts reclassified from AOCI^(b)	21			—		175			—			—			196
Net current-period OCI	9			—		75			(21		)	(3		)	60
Ending balance	$	(19	)	$	3	$	(2,565	)	$	(40	)	$	(3	)	$	(2,624	)
Generation^(a)
Beginning balance	$	(18	)	$	1	$	—		$	(19	)	$	—		(36		)
OCI before reclassifications	(8		)	—		—			(21		)	(3		)	(32		)
Amounts reclassified from AOCI^(b)	5			—		—			—			—			5
Net current-period OCI	(3		)	—		—			(21		)	(3		)	(27		)
Ending balance	$	(21	)	$	1	$	—		$	(40	)	$	(3	)	$	(63	)
PECO^(a)
Beginning balance	$	—		$	1	$	—		$	—		$	—		$	1
OCI before reclassifications	—			—		—			—			—			—
Amounts reclassified from AOCI^(b)	—			—		—			—			—			—
Net current-period OCI	—			—		—			—			—			—
Ending balance	$	—		$	1	$	—		$	—		$	—		$	1
PHI Predecessor^(a)
Beginning balance	$	(9	)	$	—	$	(37	)	$	—		$	—		$	(46	)
OCI before reclassifications	—			—		5			—			—			5
Amounts reclassified from AOCI^(b)	1			—		4			—			—			5
Net current-period OCI	1			—		9			—			—			10
Ending balance	$	(8	)	$	—	$	(28	)	$	—		$	—		$	(36	)

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(a)	All amounts are net of tax and noncontrolling interests. Amounts in parenthesis represent a decrease in accumulated other comprehensive income.


(b)	See next tables for details about these reclassifications.


(c)	As a result of the PHI Merger, the PHI predecessor balances at March 23, 2016 were reduced to zero on March 24, 2016 due to purchase accounting adjustments applied to PHI.

ComEd, PECO, BGE, Pepco, DPL and ACE did not have any reclassifications out of AOCI to Net income during the years ended December 31, 2016 and 2015. The following tables present amounts reclassified out of AOCI to Net income for Exelon, Generation and PHI during the years ended December 31, 2016 and 2015:

For the Year Ended December 31, 2016



Details about AOCI components	Items reclassified out of AOCI^(a)									Affected line item in the Statements of Operations and Comprehensive Income
							Predecessor
							January 1, 2016 to March 23, 2016
	Exelon			Generation			PHI
Gains and (losses) on cash flow hedges
Other cash flow hedges	$	(13	)	$	(13	)	$	—		Interest expense
Total before tax	(13		)	(13		)	—
Tax benefit	5			5			—
Net of tax	$	(8	)	$	(8	)	$	—		Comprehensive income

Amortization of pension and other postretirement benefit plan items
Prior service costs^(b)	$	78		$	—		$	—
Actuarial losses^(b)	(302		)	—			(1		)
Total before tax	(224		)	—			(1		)
Tax benefit	87			—			—
Net of tax	$	(137	)	$	—		$	(1	)

Gains and (losses) of FX
Gains	$	(5	)	$	(5	)	$	—
Other	—			—			—
Total before tax	(5		)	(5		)	—
Tax benefit	—			—			—
Net of tax	$	(5	)	$	(5	)	$	—

Total Reclassifications	$	(150	)	$	(13	)	$	(1	)	Comprehensive income

For the Year Ended December 31, 2015



Details about AOCI components	Items reclassified out of AOCI^(a)									Affected line item in the Statements of Operations and Comprehensive Income
							Predecessor
	Exelon			Generation			PHI
Gains and (losses) on cash flow hedges
Terminated interest rate swaps	$	(26	)	$	—		$	—		Other, net
Energy related hedges	2			2			—			Operating revenues
Other cash flow hedges	(11		)	(11		)	(1		)	Interest expense
Total before tax	(35		)	(9		)	(1		)
Tax benefit	14			4			—
Net of tax	$	(21	)	$	(5	)	$	(1	)	Comprehensive income

Amortization of pension and other postretirement benefit plan items
Prior service costs^(b)	$	74		$	—		$	—
Actuarial losses^(b)	(361		)	—			(6		)
Total before tax	(287		)	—			(6		)
Tax benefit	112			—			2
Net of tax	$	(175	)	$	—		$	(4	)

Total Reclassifications	$	(196	)	$	(5	)	$	(5	)	Comprehensive income

_____________________


(a)	Amounts in parenthesis represent a decrease in net income.


(b)	This accumulated other comprehensive income component is included in the computation of net periodic pension and OPEB cost (see Note 17 — Retirement Benefits for additional details).


(c)	Amortization of the deferred compensation unit plan is allocated to capital and operating and maintenance expense.

The following table presents income tax expense (benefit) allocated to each component of other comprehensive income (loss) during the years ended December 31, 2016 and 2015:



	For the Years Ended December 31,
	2016			2015			2014
Exelon
Pension and non-pension postretirement benefit plans:
Prior service benefit reclassified to periodic benefit cost	$	30		$	30		$	19
Actuarial loss reclassified to periodic cost	(118		)	(140		)	(93		)
Pension and non-pension postretirement benefit plan valuation adjustment	115			62			317
Change in unrealized (gain) loss on cash flow hedges	—			(6		)	96
Change in unrealized (gain) loss on equity investments	3			1			73
Total	$	30		$	(53	)	$	412

Generation
Change in unrealized loss on cash flow hedges	$	(2	)	$	2		$	84
Change in unrealized (gain) loss on equity investments	3			1			73
Total	$	1		$	3		$	157



	Predecessor
	January 1 to March 23,		For the Years Ended December 31,
PHI	2016		2015		2014
Pension and non-pension postretirement benefit plans:
Actuarial loss reclassified to periodic cost	$	—	$	6	$	5