Schedule of Accumulated Other Comprehensive Income (Loss) |
The after-tax changes in AOCI by component for the periods ended June 30 were as follows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustments | | | | Unrealized gains (losses) on qualifying derivatives | | | | Defined benefit plans | | | | | | | | | | | | | | Prior service costs | | Actuarial gain (loss) | | Total | PPL | | | | | | | | | | | | | | March 31, 2020 | $ | (1,486) | | | | | $ | — | | | | | $ | (17) | | | $ | (2,863) | | | $ | (4,366) | | Amounts arising during the period | (291) | | | | | 28 | | | | | — | | | (1) | | | (264) | | Reclassifications from AOCI | — | | | | | (20) | | | | | 1 | | | 47 | | | 28 | | Net OCI during the period | (291) | | | | | 8 | | | | | 1 | | | 46 | | | (236) | | June 30, 2020 | $ | (1,777) | | | | | $ | 8 | | | | | $ | (16) | | | $ | (2,817) | | | $ | (4,602) | | | | | | | | | | | | | | | | December 31, 2019 | $ | (1,425) | | | | | $ | (5) | | | | | $ | (18) | | | $ | (2,910) | | | $ | (4,358) | | Amounts arising during the period | (352) | | | | | 36 | | | | | — | | | (1) | | | (317) | | Reclassifications from AOCI | — | | | | | (23) | | | | | 2 | | | 94 | | | 73 | | Net OCI during the period | (352) | | | | | 13 | | | | | 2 | | | 93 | | | (244) | | June 30, 2020 | $ | (1,777) | | | | | $ | 8 | | | | | $ | (16) | | | $ | (2,817) | | | $ | (4,602) | | | | | | | | | | | | | | | | March 31, 2019 | $ | (1,239) | | | | | $ | (2) | | | | | $ | (19) | | | $ | (2,387) | | | $ | (3,647) | | Amounts arising during the period | (377) | | | | | 35 | | | | | — | | | (2) | | | (344) | | Reclassifications from AOCI | — | | | | | (27) | | | | | 1 | | | 21 | | | (5) | | Net OCI during the period | (377) | | | | | 8 | | | | | 1 | | | 19 | | | (349) | | June 30, 2019 | $ | (1,616) | | | | | $ | 6 | | | | | $ | (18) | | | $ | (2,368) | | | $ | (3,996) | | | | | | | | | | | | | | | | December 31, 2018 | $ | (1,533) | | | | | $ | (7) | | | | | $ | (19) | | | $ | (2,405) | | | $ | (3,964) | | Amounts arising during the period | (83) | | | | | 16 | | | | | — | | | (5) | | | (72) | | Reclassifications from AOCI | — | | | | | (3) | | | | | 1 | | | 42 | | | 40 | | Net OCI during the period | (83) | | | | | 13 | | | | | 1 | | | 37 | | | (32) | | June 30, 2019 | $ | (1,616) | | | | | $ | 6 | | | | | $ | (18) | | | $ | (2,368) | | | $ | (3,996) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Reclassification out of Other Comprehensive Income (Loss) |
The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended June 30. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months | | | | Six Months | | | | Affected Line Item on the | Details about AOCI | | 2020 | | 2019 | | 2020 | | 2019 | | Statements of Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Qualifying derivatives | | | | | | | | | | | Interest rate swaps | | $ | (2) | | | $ | (2) | | | $ | (5) | | | $ | (4) | | | Interest Expense | | | | | | | | | | | | Cross-currency swaps | | 26 | | | 35 | | | 32 | | | 7 | | | Other Income (Expense) - net | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Pre-tax | | 24 | | | 33 | | | 27 | | | 3 | | | | Income Taxes | | (4) | | | (6) | | | (4) | | | — | | | | Total After-tax | | 20 | | | 27 | | | 23 | | | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Defined benefit plans | | | | | | | | | | | Prior service costs (a) | | (1) | | | (1) | | | (2) | | | (1) | | | | Net actuarial loss (a) | | (58) | | | (27) | | | (117) | | | (53) | | | | Total Pre-tax | | (59) | | | (28) | | | (119) | | | (54) | | | | Income Taxes | | 11 | | | 6 | | | 23 | | | 11 | | | | Total After-tax | | (48) | | | (22) | | | (96) | | | (43) | | | | | | | | | | | | | | | Total reclassifications during the period | | $ | (28) | | | $ | 5 | | | $ | (73) | | | $ | (40) | | | |
(a) These AOCI components are included in the computation of net periodic defined benefit cost. See Note 9 for additional information.
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