XML 247 R203.htm IDEA: XBRL DOCUMENT v3.22.0.1
RETIREMENT BENEFITS - Components of Net Periodic Benefit Cost and Estimated Future Benefit Payments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Pension plans      
Components of net periodic      
Service cost $ 434 $ 376 $ 292
Interest cost 346 432 492
Expected return on plan assets (1,191) (1,100) (885)
Recognized net loss 314 269 120
Net amortization 1 1 2
Prior service cost 0 0 0
Total change (96) (22) 21
Benefit payments:      
2022 690    
2023 714    
2024 736    
2025 759    
2026 780    
2027 to 2031 4,138    
Other postretirement benefit plans      
Components of net periodic      
Service cost 24 22 18
Interest cost 35 54 69
Expected return on plan assets (76) (72) (65)
Prior service cost 2 1 0
Total change (15) 5 22
Benefit payments:      
2022 111    
2023 110    
2024 109    
2025 112    
2026 112    
2027 to 2031 552    
Alabama Power | Pension plans      
Components of net periodic      
Service cost 102 89 69
Interest cost 82 100 114
Expected return on plan assets (287) (264) (206)
Recognized net loss 82 71 37
Net amortization 1 1 0
Prior service cost 0 0 0
Total change (20) (3) 14
Benefit payments:      
2022 148    
2023 155    
2024 159    
2025 165    
2026 171    
2027 to 2031 921    
Alabama Power | Other postretirement benefit plans      
Components of net periodic      
Service cost 6 6 5
Interest cost 9 13 16
Expected return on plan assets (30) (29) (26)
Prior service cost 0 0 4
Total change (15) (10) (1)
Benefit payments:      
2022 24    
2023 24    
2024 24    
2025 25    
2026 25    
2027 to 2031 128    
Georgia Power | Pension plans      
Components of net periodic      
Service cost 112 96 74
Interest cost 104 133 156
Expected return on plan assets (375) (347) (292)
Recognized net loss 100 86 44
Net amortization 1 1 1
Prior service cost 0 0 0
Total change (58) (31) (17)
Benefit payments:      
2022 223    
2023 229    
2024 235    
2025 240    
2026 245    
2027 to 2031 1,275    
Georgia Power | Other postretirement benefit plans      
Components of net periodic      
Service cost 7 6 5
Interest cost 12 20 26
Expected return on plan assets (26) (26) (25)
Prior service cost 2 2 1
Total change (5) 2 7
Benefit payments:      
2022 40    
2023 39    
2024 38    
2025 40    
2026 40    
2027 to 2031 199    
Mississippi Power | Pension plans      
Components of net periodic      
Service cost 18 15 12
Interest cost 16 20 22
Expected return on plan assets (55) (51) (40)
Recognized net loss 15 13 6
Net amortization 0 0 0
Prior service cost 0 0 0
Total change (6) (3) 0
Benefit payments:      
2022 31    
2023 31    
2024 32    
2025 34    
2026 35    
2027 to 2031 187    
Mississippi Power | Other postretirement benefit plans      
Components of net periodic      
Service cost 1 1 1
Interest cost 1 2 3
Expected return on plan assets (1) (1) (2)
Prior service cost 0 0 0
Total change 1 2 2
Benefit payments:      
2022 5    
2023 5    
2024 5    
2025 5    
2026 5    
2027 to 2031 22    
Southern Power | Pension plans      
Components of net periodic      
Service cost 10 8 7
Interest cost 5 6 5
Expected return on plan assets (14) (13) (10)
Recognized net loss 3 2 1
Net amortization 0 0 0
Prior service cost 0 0 0
Total change 4 3 3
Benefit payments:      
2022 6    
2023 6    
2024 6    
2025 7    
2026 7    
2027 to 2031 42    
Southern Power | Other postretirement benefit plans      
Components of net periodic      
Service cost 0 1 1
Interest cost 0 0 0
Expected return on plan assets 1 0 0
Prior service cost 0 0 0
Total change 1 1 1
Benefit payments:      
2022 0    
2023 0    
2024 0    
2025 1    
2026 1    
2027 to 2031 3    
Southern Company Gas | Pension plans      
Components of net periodic      
Service cost 37 33 25
Interest cost 24 31 36
Expected return on plan assets (86) (75) (60)
Recognized net loss 13 6 2
Net amortization 15 15 14
Prior service cost (3) (3) (3)
Total change 0 7 14
Benefit payments:      
2022 65    
2023 65    
2024 64    
2025 64    
2026 64    
2027 to 2031 329    
Southern Company Gas | Other postretirement benefit plans      
Components of net periodic      
Service cost 2 2 1
Interest cost 4 7 9
Expected return on plan assets (10) (10) (7)
Prior service cost 6 6 6
Total change 2 $ 5 $ 9
Benefit payments:      
2022 17    
2023 17    
2024 18    
2025 17    
2026 17    
2027 to 2031 $ 75