XML 81 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Severance (Tables)
 9 Months Ended
Sep. 30, 2017
Restructuring and Related Activities [Abstract]  
Severance
For the three and nine months ended September 30, 2017 and 2016, the Registrants recorded the following severance costs related to the cost management program within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income, pursuant to the authoritative guidance for ongoing severance plans:
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
Three Months Ended
 
 
 
 
 
 
 
 
 
September 30, 2017(a)
$
7

 
$
7

 
$
—

 
$
—

 
$
—

September 30, 2016(b)
1

 
1

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
 
 
 
 
 
 
 
 
September 30, 2017(a)
$
6

 
$
6

 
$
—

 
$
—

 
$
—

September 30, 2016(b)
18

 
13

 
3

 
1

 
1


_________
(a)
Amounts billed by BSC through intercompany allocations for the nine months ended September 30, 2017 were immaterial.
(b)
The amounts above for Generation, ComEd, PECO and BGE include $7 million, $3 million, $1 million and $1 million, respectively, for amounts billed by BSC through intercompany allocations for the nine months ended September 30, 2016.
For the three and nine months ended September 30, 2017 and 2016, Exelon, Generation, ComEd, PHI, Pepco, DPL, and ACE recorded the following severance costs associated with these ongoing severance benefits within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income.
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Exelon
 
Generation(a)
 
ComEd(a)
 
PHI
 
Pepco(a)
 
DPL(a)
 
ACE(a)
Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
$
1

 
$
—

 
$
—

 
$
1

 
$
1

 
$
—

 
$
—

September 30, 2016
8

 
7

 
—

 
1

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
$
10

 
$
4

 
$
2

 
$
4

 
$
2

 
$
1

 
$
1

September 30, 2016
12

 
10

 
1

 
1

 
—

 
—

 
—

_________
(a)
The amounts above for Generation include $2 million for amounts billed by BSC through intercompany allocations for the nine months ended September 30, 2017 and $1 million and $2 million for the three and nine months ended September 30, 2016, respectively. The amounts above for ComEd include $1 million for amounts billed by BSC through intercompany allocations for the three and nine months ended September 30, 2016. The amounts above for PHI include less than $1 million and $1 million billed by BSC through intercompany allocations for the three and nine months ended September 30, 2017, respectively, and $1 million for the three and nine months ended September 30, 2016. Amounts billed by PHISCO to Pepco were $1 million and $2 million for the three and nine months ended September 30, 2017, respectively. Amounts billed by PHISCO to DPL and ACE were $1 million, each, for the nine months ended September 30, 2017. Pepco, DPL and ACE did not have any ongoing severance plans for the three and nine months ended September 30, 2016.
For the three and nine months ended September 30, 2017 and the three months ended September 30, 2016, the PHI Merger severance costs were immaterial. For the nine months ended September 30, 2016, the Registrants recorded the following severance costs associated with the identified job reductions within Operating and maintenance expense in their Consolidated Statements of Operations and Comprehensive Income, pursuant to the authoritative guidance for ongoing severance plans:
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco
 
DPL
 
ACE
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Severance costs(a)
$
55

 
$
9

 
$
2

 
$
1

 
$
1

 
$
42

 
$
20

 
$
12

 
$
10

_________
(a)
The amounts above for Generation, ComEd, PECO, BGE, Pepco, DPL and ACE include $8 million, $2 million, $1 million, $1 million, $19 million, $11 million and $10 million, respectively, for amounts billed by BSC and/or PHISCO through intercompany allocations for the nine months ended September 30, 2016.
Severance Liability
Amounts included in the table below represent the severance liability recorded for the severance plans above for employees of each Registrant and exclude amounts included at Exelon and billed through intercompany allocations:
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
Severance Liability
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco
 
DPL
 
ACE
Balance at December 31, 2016
$
88

 
$
36

 
$
3

 
$
—

 
$
—

 
$
29

 
$
—

 
$
—

 
$
—

Severance charges(a)
33

 
25

 
1

 
—

 
—

 
3

 
—

 
—

 
—

Payments
(24
)
 
(7
)
 
(1
)
 
—

 
—

 
(11
)
 
—

 
—

 
—

Balance at September 30, 2017
$
97

 
$
54

 
$
3

 
$
—

 
$
—

 
$
21

 
$
—

 
$
—

 
$
—

_________
(a)
Includes salary continuance and health and welfare severance benefits.