PPL Corp
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
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16. Accumulated Other Comprehensive Income (Loss)
- Accumulated Other Comprehensive Income (Loss)
(PPL)
The after-tax changes in AOCI by component for the periods ended March 31 were as follows.
| Unrealized gains (losses) on qualifyingderivatives · Defined benefit plans | |||||
|---|---|---|---|---|---|
| Equityinvestees'AOCI · Priorservicecosts · Actuarialgain(loss) · Total | |||||
| PPL | |||||
| December 31, 2023 | $6 | $3 | $(4) | $(168) | $(163) |
| Amounts arising during the period | — | 1 | — | — | 1 |
| Reclassifications from AOCI | 1 | — | — | — | 1 |
| Net OCI during the period | 1 | 1 | — | — | 2 |
| March 31, 2024 | $7 | $4 | $(4) | $(168) | $(161) |
| December 31, 2022 | $3 | $2 | $(5) | $(124) | $(124) |
| Amounts arising during the period | — | 1 | — | — | 1 |
| Reclassifications from AOCI | 1 | — | — | (1) | — |
| Net OCI during the period | 1 | 1 | — | (1) | 1 |
| March 31, 2023 | $4 | $3 | $(5) | $(125) | $(123) |
The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended March 31.
| Three Months · Affected Line Item on the | |||
|---|---|---|---|
| Details about AOCI | 2024 | 2023 | Statements of Income |
| Qualifying derivatives | |||
| Interest rate swaps | $(1) | $(1) | Interest Expense |
| Total Pre-tax | (1) | (1) | |
| Income Taxes | — | — | |
| Total After-tax | (1) | (1) | |
| Defined benefit plans | |||
| Net actuarial loss (a) | — | 1 | |
| Total Pre-tax | — | 1 | |
| Income Taxes | — | — | |
| Total After-tax | — | 1 | |
| Total reclassifications during the period | $(1) | $— | |
(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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