Financing (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Credit Arrangements by Company

The following table outlines the committed credit arrangements by company as of September 30, 2019:

	Expires
Company	2020		2022		2024		Total		Unused		Due within One Year
	(in millions)
Southern Company(a)	$	—	$	—	$	2,000	$	2,000	$	1,999	$	—
Alabama Power	3		525		800		1,328		1,328		3
Georgia Power	—		—		1,750		1,750		1,733		—
Mississippi Power	—		150		—		150		150		—
Southern Power(b)	—		—		600		600		591		—
Southern Company Gas(c)	—		—		1,750		1,750		1,745		—
Other	30		—		—		30		30		30
Southern Company Consolidated	$	33	$	675	$	6,900	$	7,608	$	7,576	$	33

(a) Represents the Southern Company parent entity.

(b) Does not include Southern Power Company's $120 million continuing letter of credit facility for standby letters of credit expiring in 2021, of which $30 million was unused at September 30, 2019. Southern Power's subsidiaries are not parties to its bank credit arrangement.

(c)

Southern Company Gas, as the parent entity, guarantees the obligations of Southern Company Gas Capital, which is the borrower of $1.25 billion of this arrangement. Southern Company Gas' committed credit arrangement also includes $500 million for which Nicor Gas is the borrower and which is restricted for working capital needs of Nicor Gas. Pursuant to this multi-year credit arrangement, the allocations between Southern Company Gas Capital and Nicor Gas may be adjusted.

Schedule of Long-term Debt Financing Activities

The following table outlines the long-term debt financing activities for Southern Company and its subsidiaries for the first nine months of 2019:

Company	Senior Note Issuances		Senior Note Maturities, Redemptions, and Repurchases		Revenue Bond Issuances and Reofferings of Purchased Bonds		Revenue Bond Maturities, Redemptions, and Repurchases		Other Long-Term Debt Issuances		Other Long-Term Debt Redemptions and Maturities(a)
	(in millions)
Southern Company(b)	$	—	$	2,400	$	—	$	—	$	1,725	$	—
Alabama Power	600		200		—		—		—		1
Georgia Power	750		—		584		223		835		11
Mississippi Power	—		—		43		—		—		—
Southern Company Gas	—		300		—		—		200		50
Other	—		—		—		25		—		14
Elimination(c)	—		—		—		—		—		(7		)
Southern Company Consolidated	$	1,350	$	2,900	$	627	$	248	$	2,760	$	69

(a) Includes reductions in finance lease obligations resulting from cash payments under finance leases.

(b) Represents the Southern Company parent entity.

(c)

Represents reductions in affiliate finance lease obligations at Georgia Power, which are eliminated in Southern Company's consolidated financial statements.

Shares Used to Compute Diluted Earnings Per Share

Shares used to compute diluted earnings per share were as follows:

	Three Months Ended September 30, 2019	Three Months Ended September 30, 2018	Nine Months Ended September 30, 2019	Nine Months Ended September 30, 2018
	(in millions)
As reported shares	1,048	1,023	1,043	1,016
Effect of stock-based compensation	9	6	8	5
Diluted shares	1,057	1,029	1,051	1,021