Changes in Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Accumulated Other Comprehensive Income (Loss)

The following tables present changes in accumulated other comprehensive income (loss) (AOCI) by component for the years ended December 31, 2014 and 2013:



For the Year Ended December 31, 2014	Gains and (Losses) on Cash Flow Hedges			Unrealized Gains and (Losses) on Marketable Securities			Pension and Non-Pension Postretirement Benefit Plan items			Foreign Currency Items			AOCI of Equity Investments			Total
Exelon ^(a)
Beginning balance	$	120		$	2		$	(2,260	)	$	(10	)	$	108		$	(2,040	)
OCI before reclassifications	(31		)	(1		)	(498		)	(9		)	11			(528		)
Amounts reclassified from AOCI ^(b)	(117		)	2			118			—			(119		)	(116		)
Net current-period OCI	(148		)	1			(380		)	(9		)	(108		)	(644		)
Ending balance	$	(28	)	$	3		$	(2,640	)	$	(19	)	$	—		$	(2,684	)
Generation ^(a)
Beginning balance	$	114		$	2		$	—		$	(10	)	$	108		$	214
OCI before reclassifications	(15		)	(1		)	—			(9		)	11			(14		)
Amounts reclassified from AOCI ^(b)	(117		)	—			—			—			(119		)	(236		)
Net current-period OCI	(132		)	(1		)	—			(9		)	(108		)	(250		)
Ending balance	$	(18	)	$	1		$	—		$	(19	)	$	—		$	(36	)
PECO ^(a)
Beginning balance	$	—		$	1		$	—		$	—		$	—		$	1
OCI before reclassifications	—			—			—			—			—			—
Amounts reclassified from AOCI ^(b)	—			—			—			—			—			—
Net current-period OCI	—			—			—			—			—			—
Ending balance	$	—		$	1		$	—		$	—		$	—		$	1



For the Year Ended December 31, 2013	Gains and (Losses) on Cash Flow Hedges			Unrealized Gains and (Losses) on Marketable Securities		Pension and Non-Pension Postretirement Benefit Plan items			Foreign Currency Items			AOCI of Equity Investments		Total
Exelon ^(a)
Beginning balance	$	368		$	—	$	(3,137	)	$	—		$	2	$	(2,767	)
OCI before reclassifications	29			2		669			(10		)	101		791
Amounts reclassified from AOCI ^(b)	(277		)	—		208			—			5		(64		)
Net current-period OCI	(248		)	2		877			(10		)	106		727
Ending balance	$	120		$	2	$	(2,260	)	$	(10	)	$	108	$	(2,040	)
Generation ^(a)
Beginning balance	$	512		$	—	$	—		$	—		$	1	513
OCI before reclassifications	15			2		—			(10		)	102		109
Amounts reclassified from AOCI ^(b)	(413		)	—		—			—			5		(408		)
Net current-period OCI	(398		)	2		—			(10		)	107		(299		)
Ending balance	$	114		$	2	$	—		$	(10	)	$	108	$	214
PECO ^(a)
Beginning balance	$	—		$	1	$	—		$	—		$	—	$	1
OCI before reclassifications	—			—		—			—			—		—
Amounts reclassified from AOCI ^(b)	—			—		—			—			—		—
Net current-period OCI	—			—		—			—			—		—
Ending balance	$	—		$	1	$	—		$	—		$	—	$	1

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(a)	All amounts are net of tax. Amounts in parenthesis represent a decrease in accumulated other comprehensive income.


(b)	See next tables for details about these reclassifications.

Reclassification Out Of Accumulated Other Comprehensive Income

The following tables present amounts reclassified out of AOCI to Net income for Exelon and Generation during the years ended December 31, 2014 and 2013:

For the Year Ended December 31, 2014



Details about AOCI components	Items reclassified out of AOCI ^(a)						Affected line item in the Statements of Operations and Comprehensive Income
	Exelon			Generation
Gains and (losses) on cash flow hedges
Energy related hedges	$	195		$	195		Operating revenues
	195			195			Total before tax
	(78		)	(78		)	Tax expense
	$	117		$	117		Net of tax

Gains and (losses) on available for sale securities
Other available securities for sale	$	(2	)	$	—		Other Income and Deductions
	$	(2	)	$	—		Net of tax

Amortization of pension and other postretirement benefit plan items
Prior service costs^(b)	$	46		$	—
Actuarial losses^(b)	(239		)	—
	(193		)	—			Total before tax
	75			—			Tax benefit
	$	(118	)	$	—		Net of tax

Equity investments
Sale of equity method investment	$	5		$	5
Reversal of CENG equity method AOCI	193			193			Equity in losses of unconsolidated affiliates
	198			198			Total before tax
	(79		)	(79		)	Tax expense
	$	119		$	119		Net of tax

Total Reclassifications	$	116		$	236		Net of tax

For the Year Ended December 31, 2013



Details about AOCI components	Items reclassified out of AOCI ^(a)						Affected line item in the Statements of Operations and Comprehensive Income
	Exelon			Generation
Gains and (losses) on cash flow hedges
Energy related hedges	$	464		$	683		Operating revenues
Other cash flow hedges	(3		)	—			Interest expense
	461			683			Total before tax
	(184		)	(270		)	Tax expense
	$	277		$	413		Net of tax

Amortization of pension and other postretirement benefit plan items
Prior service costs^(b)	$	(2	)	$	—
Actuarial losses^(b)	(339		)	—
Deferred compensation unit plan^(c)	(1		)	—
	(342		)	—			Total before tax
	134			—			Tax benefit
	$	(208	)	$	—		Net of tax

Equity investments
Capital activity	$	(8	)	$	(8	)	Equity in losses of unconsolidated affiliates
	(8		)	(8		)	Total before tax
	3			3			Tax benefit
	$	(5	)	$	(5	)	Net of tax

Total Reclassifications	$	64		$	408		Net of tax

_____________________


(a)	Amounts in parenthesis represent a decrease in net income.


(b)	This accumulated other comprehensive income component is included in the computation of net periodic pension and OPEB cost (see Note 16 — Retirement Benefits for additional details).


(c)	Amortization of the deferred compensation unit plan is allocated to capital and operating and maintenance expense.

Schedule of Components of Income Tax Expense (Benefit)

The following table presents income tax expense (benefit) allocated to each component of other comprehensive income (loss) during the years ended December 31, 2014 and 2013:



	For the Years Ended December 31,
	2014			2013			2012
Exelon
Pension and non-pension postretirement benefit plans:
Prior service benefit reclassified to periodic benefit cost	$	19		$	—		$	(1	)
Actuarial loss reclassified to periodic cost	(93		)	(133		)	(110		)
Transition obligation reclassified to periodic cost	—			—			(2		)
Pension and non-pension postretirement benefit plans valuation adjustment	317			(430		)	237
Change in unrealized loss on cash flow hedges	96			166			68
Change in marketable securities	—			—			1
Change in unrealized income on equity investments	73			(71		)	(1		)
Total	$	412		$	(468	)	$	192

Generation
Change in unrealized loss on cash flow hedges	$	84		$	262		$	262
Change in unrealized income on equity investments	73			(72		)	1
Total	$	157		$	190		$	263