XML 207 R154.htm IDEA: XBRL DOCUMENT v3.20.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Deferred tax liabilities —    
Deferred income tax liabilities $ 16,781 $ 16,261
Deferred tax assets —    
Deferred income tax assets 8,874 8,680
Valuation allowance (136) (137)
Net deferred income tax assets 8,738 8,543
Net deferred income taxes liabilities 8,043 7,718
Accumulated deferred income taxes – assets (132) (170)
Accumulated deferred income taxes – liabilities 8,175 7,888
Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 8,950 8,711
Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 1,999 1,843
Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Deferred tax assets —    
Deferred income tax assets 284 277
Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 142 236
Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 739 704
Deferred tax assets —    
Deferred income tax assets 1,511 1,385
Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 78 83
Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 80 109
Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 1,313 1,174
Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 270 341
AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 1,969 1,723
AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 804 814
Other    
Deferred tax liabilities —    
Deferred income tax liabilities 437 523
Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 223 230
ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 1,853 2,098
Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 86 97
Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 166 169
Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 128 112
AROs    
Deferred tax assets —    
Deferred income tax assets 2,773 2,537
Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 369 283
Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 357 402
Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 338 401
Other    
Deferred tax assets —    
Deferred income tax assets 660 689
Alabama Power    
Deferred tax liabilities —    
Deferred income tax liabilities 5,416 5,161
Deferred tax assets —    
Deferred income tax assets 2,143 1,901
Valuation allowance 0 0
Net deferred income tax assets 2,143 1,901
Net deferred income taxes liabilities 3,273 3,260
Accumulated deferred income taxes – assets 0 0
Accumulated deferred income taxes – liabilities 3,273 3,260
Alabama Power | Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 2,453 2,402
Alabama Power | Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 1,010 912
Alabama Power | Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Deferred tax assets —    
Deferred income tax assets 151 162
Alabama Power | Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Alabama Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 250 242
Deferred tax assets —    
Deferred income tax assets 369 334
Alabama Power | Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 12 13
Alabama Power | Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Alabama Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 348 311
Alabama Power | Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 123 174
Alabama Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 764 613
Alabama Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 328 360
Alabama Power | Other    
Deferred tax liabilities —    
Deferred income tax liabilities 128 134
Alabama Power | Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 0 0
Alabama Power | ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 12 11
Alabama Power | Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 0 0
Alabama Power | Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 0 0
Alabama Power | Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 7 8
Alabama Power | AROs    
Deferred tax assets —    
Deferred income tax assets 1,092 973
Alabama Power | Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 0 0
Alabama Power | Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 0 0
Alabama Power | Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 243 240
Alabama Power | Other    
Deferred tax assets —    
Deferred income tax assets 143 173
Georgia Power    
Deferred tax liabilities —    
Deferred income tax liabilities 6,680 6,345
Deferred tax assets —    
Deferred income tax assets 3,443 3,123
Valuation allowance (35) (35)
Net deferred income tax assets 3,408 3,088
Net deferred income taxes liabilities 3,272 3,257
Accumulated deferred income taxes – assets 0 0
Accumulated deferred income taxes – liabilities 3,272 3,257
Georgia Power | Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 3,228 3,058
Georgia Power | Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 689 643
Georgia Power | Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Deferred tax assets —    
Deferred income tax assets 59 63
Georgia Power | Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Georgia Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 362 351
Deferred tax assets —    
Deferred income tax assets 522 488
Georgia Power | Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 66 70
Georgia Power | Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 80 109
Georgia Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 438 403
Georgia Power | Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 141 159
Georgia Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 1,165 1,066
Georgia Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 429 405
Georgia Power | Other    
Deferred tax liabilities —    
Deferred income tax liabilities 82 81
Georgia Power | Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 72 65
Georgia Power | ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 539 435
Georgia Power | Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 0 0
Georgia Power | Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 0 0
Georgia Power | Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 17 18
Georgia Power | AROs    
Deferred tax assets —    
Deferred income tax assets 1,594 1,471
Georgia Power | Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 369 283
Georgia Power | Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 9 13
Georgia Power | Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 76 133
Georgia Power | Other    
Deferred tax assets —    
Deferred income tax assets 186 154
Mississippi Power    
Deferred tax liabilities —    
Deferred income tax liabilities 705 695
Deferred tax assets —    
Deferred income tax assets 428 451
Valuation allowance (41) (41)
Net deferred income tax assets 387 410
Net deferred income taxes liabilities 318 285
Accumulated deferred income taxes – assets (129) (139)
Accumulated deferred income taxes – liabilities 447 424
Mississippi Power | Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 319 315
Mississippi Power | Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 148 143
Mississippi Power | Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 25 24
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Mississippi Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 39 38
Deferred tax assets —    
Deferred income tax assets 80 72
Mississippi Power | Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Mississippi Power | Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Mississippi Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 62 55
Mississippi Power | Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 6 8
Mississippi Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 40 44
Mississippi Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Mississippi Power | Other    
Deferred tax liabilities —    
Deferred income tax liabilities 66 68
Mississippi Power | Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | AROs    
Deferred tax assets —    
Deferred income tax assets 40 44
Mississippi Power | Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 0 0
Mississippi Power | Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 250 251
Mississippi Power | Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 19 28
Mississippi Power | Other    
Deferred tax assets —    
Deferred income tax assets 39 56
Southern Power    
Deferred tax liabilities —    
Deferred income tax liabilities 1,413 1,445
Deferred tax assets —    
Deferred income tax assets 1,587 1,917
Valuation allowance (35) (36)
Net deferred income tax assets 1,552 1,881
Net deferred income taxes assets (139) (436)
Accumulated deferred income taxes – assets (262) (551)
Accumulated deferred income taxes – liabilities 123 115
Southern Power | Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 1,389 1,422
Southern Power | Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Deferred tax assets —    
Deferred income tax assets 26 24
Southern Power | Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 12 12
Deferred tax assets —    
Deferred income tax assets 6 5
Southern Power | Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Power | Other    
Deferred tax liabilities —    
Deferred income tax liabilities 12 11
Southern Power | Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 134 146
Southern Power | ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 1,110 1,445
Southern Power | Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Power | Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 166 169
Southern Power | Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 25 10
Southern Power | AROs    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Power | Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Power | Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 68 72
Southern Power | Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Power | Other    
Deferred tax assets —    
Deferred income tax assets 52 46
Southern Company Gas    
Deferred tax liabilities —    
Deferred income tax liabilities 1,693 1,676
Deferred tax assets —    
Deferred income tax assets 432 462
Valuation allowance (4) (5)
Net deferred income tax assets 428 457
Net deferred income taxes liabilities 1,265 1,219
Accumulated deferred income taxes – assets 0 0
Accumulated deferred income taxes – liabilities 1,265 1,219
Southern Company Gas | Accelerated depreciation    
Deferred tax liabilities —    
Deferred income tax liabilities 1,349 1,288
Southern Company Gas | Property basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 135 133
Southern Company Gas | Federal effect of net state deferred tax assets/liabilities    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Deferred tax assets —    
Deferred income tax assets 70 56
Southern Company Gas | Leveraged lease basis differences    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 26 12
Deferred tax assets —    
Deferred income tax assets 100 111
Southern Company Gas | Premium on reacquired debt    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | Storm damage reserves    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | Employee benefit obligations    
Deferred tax liabilities —    
Deferred income tax liabilities 45 45
Southern Company Gas | Remaining book value of retired assets    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | AROs    
Deferred tax liabilities —    
Deferred income tax liabilities 0 0
Southern Company Gas | Other    
Deferred tax liabilities —    
Deferred income tax liabilities 138 198
Southern Company Gas | Other property basis differences    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | ITC and PTC carryforward    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | Long-term debt fair value adjustment    
Deferred tax assets —    
Deferred income tax assets 86 97
Southern Company Gas | Other partnership basis difference    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | Other comprehensive losses    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | AROs    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | Estimated loss on plants under construction    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | Other deferred state tax attributes    
Deferred tax assets —    
Deferred income tax assets 10 8
Southern Company Gas | Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)    
Deferred tax assets —    
Deferred income tax assets 0 0
Southern Company Gas | Other    
Deferred tax assets —    
Deferred income tax assets $ 166 $ 190