Changes in Accumulated Other Comprehensive Income (Exelon)

9 Months Ended

Sep. 30, 2019

Changes in Accumulated Other Comprehensive Income (Exelon)

The following tables present changes in Exelon's AOCI, net of tax, by component:



Three Months Ended September 30, 2019	Losses on Cash Flow Hedges			Pension and Non-Pension Postretirement Benefit Plan Items ^(a)			Foreign Currency Items			AOCI of Investments in Unconsolidated Affiliates ^(b)			Total
Beginning balance	$	(2	)	$	(2,957	)	$	(29	)	$	(2	)	$	(2,990	)
OCI before reclassifications	—			6			(2		)	—			4
Amounts reclassified from AOCI	—			21			—			2			23
Net current-period OCI	—			27			(2		)	2			27
Ending balance	$	(2	)	$	(2,930	)	$	(31	)	$	—		$	(2,963	)



Three Months Ended September 30, 2018	Losses on Cash Flow Hedges			Pension and Non-Pension Postretirement Benefit Plan Items ^(a)			Foreign Currency Items			AOCI of Investments in Unconsolidated Affiliates ^(b)		Total
Beginning balance	$	(2	)	$	(2,890	)	$	(29	)	$	—	$	(2,921	)
OCI before reclassifications	—			5			2			—		7
Amounts reclassified from AOCI	—			45			—			—		45
Net current-period OCI	—			50			2			—		52
Ending balance	$	(2	)	$	(2,840	)	$	(27	)	$	—	$	(2,869	)



Nine Months Ended September 30, 2019	Losses on Cash Flow Hedges			Pension and Non-Pension Postretirement Benefit Plan Items ^(a)			Foreign Currency Items			AOCI of Investments in Unconsolidated Affiliates ^(b)			Total
Beginning balance	$	(2	)	$	(2,960	)	$	(33	)	$	—		$	(2,995	)
OCI before reclassifications	—			(32		)	2			(2		)	(32		)
Amounts reclassified from AOCI	—			62			—			2			64
Net current-period OCI	—			30			2			—			32
Ending balance	$	(2	)	$	(2,930	)	$	(31	)	$	—		$	(2,963	)



Nine Months Ended September 30, 2018	Gains (Losses) on Cash Flow Hedges			Unrealized gains (losses) on Marketable Securities			Pension and Non-Pension Postretirement Benefit Plan Items ^(a)			Foreign Currency Items			AOCI of Investments in Unconsolidated Affiliates ^(b)			Total
Beginning balance	$	(14	)	$	10		$	(2,998	)	$	(23	)	$	(1	)	$	(3,026	)
OCI before reclassifications	11			—			22			(4		)	1			30
Amounts reclassified from AOCI	1			—			136			—			—			137
Net current-period OCI	12			—			158			(4		)	1			167
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard^(c)	—			(10		)	—			—			—			(10		)
Ending balance	$	(2	)	$	—		$	(2,840	)	$	(27	)	$	—		$	(2,869	)

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(a)	AOCI amounts are included in the computation of net periodic pension and OPEB cost. See Note 14 — Retirement Benefits for additional information. See Exelon's Statements of Operations and Comprehensive Income for individual components of AOCI.


(b)	All amounts are net of noncontrolling interests.


(c)	Exelon prospectively adopted the new standard Recognition and Measurement of Financial Assets and Liabilities. The standard was adopted as of January 1, 2018, which resulted in an increase to Retained earnings and Accumulated other comprehensive loss of $10 million for Exelon. The amounts reclassified related to Rabbi Trusts.

The following table presents income tax benefit (expense) allocated to each component of Exelon's other comprehensive income (loss):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Pension and non-pension postretirement benefit plans:
Prior service benefit reclassified to periodic benefit cost	$	6		$	6		$	18		$	18
Actuarial loss reclassified to periodic benefit cost	(13		)	(21		)	(39		)	(65		)
Pension and non-pension postretirement benefit plans valuation adjustment	—			(2		)	14			(8		)