XML 80 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Severance (Tables)
 6 Months Ended
Jun. 30, 2017
Restructuring and Related Activities [Abstract]  
Severance
For the three and six months ended June 30, 2017, the PHI merger severance costs were immaterial. For the three and six months ended June 30, 2016, the Registrants recorded the following severance costs associated with the identified job reductions within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income, pursuant to the authoritative guidance for ongoing severance plans:
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco
 
DPL
 
ACE
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Severance costs (benefits)(a)
$
2

 
$
(1
)
 
$
(1
)
 
$
—

 
$
—

 
$
4

 
$
2

 
$
1

 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Severance costs(a)
$
55

 
$
9

 
$
2

 
$
1

 
$
1

 
$
42

 
$
20

 
$
12

 
$
10

______________
(a)
The amounts above for Generation, ComEd, PECO, BGE, Pepco, DPL and ACE include $(1) million, $(1) million, less than $1 million, less than $1 million, $2 million, $1 million and $1 million, respectively, for amounts billed by BSC and/or PHISCO through intercompany allocations for the three months ended June 30, 2016, and $8 million, $2 million, $1 million, $1 million, $19 million, $11 million and $10 million for the six months ended June 30, 2016.
For the six months ended June 30, 2017 and 2016, the Registrants recorded the following severance costs related to the cost management program within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income, pursuant to the authoritative guidance for ongoing severance plans:
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
Six Months Ended
 
 
 
 
 
 
 
 
 
June 30, 2017(a)
$
(1
)
 
$
(1
)
 
$
—

 
$
—

 
$
—

June 30, 2016(b)
$
17

 
$
12

 
$
3

 
$
1

 
$
1


_______
(a)
Amounts billed by BSC through intercompany allocations for the six months ended June 30, 2017 were immaterial.
(b)
The amounts above for Generation, ComEd, PECO and BGE include $7 million, $3 million, $1 million and $1 million, respectively, for amounts billed by BSC through intercompany allocations for the six months ended June 30, 2016.
For the three and six months ended June 30, 2017 and 2016, Exelon, Generation, ComEd, PHI, Pepco, DPL, and ACE recorded the following severance costs associated with these ongoing severance benefits within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income.
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Exelon
 
Generation(a)
 
ComEd(a)
 
PHI
 
Pepco(a)
 
DPL(a)
 
ACE(a)
Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017
$
5

 
$
1

 
$
1

 
$
3

 
$
1

 
$
1

 
$
1

June 30, 2016
2

 
1

 
1

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017
$
9

 
$
4

 
$
2

 
$
3

 
$
1

 
$
1

 
$
1

June 30, 2016
4

 
3

 
1

 
—

 
—

 
—

 
—

_______
(a)
The amounts above for Generation include less than $1 million and $1 million for amounts billed by BSC through intercompany allocations for the three and six months ended June 30, 2017, respectively, and $1 million and $2 million for the three and six months ended June 30, 2016, respectively. The amounts above for ComEd include less than $1 million and $1 million for amounts billed by BSC through intercompany allocations for the three and six months ended June 30, 2017, respectively, and less than $1 million and $1 million for the three and six months ended June 30, 2016, respectively. Amounts billed by PHISCO to Pepco, DPL and ACE were $1 million, each, for both three and six months ended June 30, 2017. Pepco, DPL and ACE did not have any ongoing severance plans for the three and six months ended June 30, 2016
Severance Liability
Amounts included in the table below represent the severance liability recorded for the severance plans above for employees of each Registrant and exclude amounts included at Exelon and billed through intercompany allocations:
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
Severance Liability
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco
 
DPL
 
ACE
Balance at December 31, 2016
$
88

 
$
36

 
$
3

 
$
—

 
$
—

 
$
29

 
$
—

 
$
—

 
$
—

Severance charges(a)
25

 
17

 
1

 
—

 
—

 
3

 
—

 
—

 
—

Payments
(18
)
 
(4
)
 
(1
)
 
—

 
—

 
(10
)
 
—

 
—

 
—

Balance at June 30, 2017
$
95

 
$
49

 
$
3

 
$
—

 
$
—

 
$
22

 
$
—

 
$
—

 
$
—

______________
(a)
Includes salary continuance and health and welfare severance benefits.