PPL Corp
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 September 30 were as follows.
| Unrealized gains (losses) on qualifyingderivatives · Defined benefit plans | |||||
|---|---|---|---|---|---|
| Equityinvestees'AOCI · Priorservicecosts · Actuarialgain(loss) · Total | |||||
| PPL | |||||
| June 30, 2024 | $7 | $4 | $(4) | $(167) | $(160) |
| Amounts arising during the period | — | — | — | (4) | (4) |
| Reclassifications from AOCI | 2 | — | — | (1) | 1 |
| Net OCI during the period | 2 | — | — | (5) | (3) |
| September 30, 2024 | $9 | $4 | $(4) | $(172) | $(163) |
| December 31, 2023 | $6 | $3 | $(4) | $(168) | $(163) |
| Amounts arising during the period | — | 1 | — | (2) | (1) |
| Reclassifications from AOCI | 3 | — | — | (2) | 1 |
| Net OCI during the period | 3 | 1 | — | (4) | — |
| September 30, 2024 | $9 | $4 | $(4) | $(172) | $(163) |
| June 30, 2023 | $4 | $3 | $(4) | $(140) | $(137) |
| Amounts arising during the period | — | — | — | (6) | (6) |
| Reclassifications from AOCI | 1 | — | — | — | 1 |
| Net OCI during the period | 1 | — | — | (6) | (5) |
| September 30, 2023 | $5 | $3 | $(4) | $(146) | $(142) |
| Unrealized gains (losses) on qualifyingderivatives · Defined benefit plans | |||||
|---|---|---|---|---|---|
| Equityinvestees'AOCI · Priorservicecosts · Actuarialgain(loss) · Total | |||||
| December 31, 2022 | $3 | $2 | $(5) | $(124) | $(124) |
| Amounts arising during the period | — | 1 | — | (21) | (20) |
| Reclassifications from AOCI | 2 | — | 1 | (1) | 2 |
| Net OCI during the period | 2 | 1 | 1 | (22) | (18) |
| September 30, 2023 | $5 | $3 | $(4) | $(146) | $(142) |
The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended September 30.
| Three Months · Nine Months · Affected Line Item on the | |||||
|---|---|---|---|---|---|
| Details about AOCI | 2024 | 2023 | 2024 | 2023 | Statements of Income |
| Qualifying derivatives | |||||
| Interest rate swaps | $(1) | $(1) | $(3) | $(3) | Interest Expense |
| Total Pre-tax | (1) | (1) | (3) | (3) | |
| Income Taxes | (1) | — | — | 1 | |
| Total After-tax | (2) | (1) | (3) | (2) | |
| Defined benefit plans | |||||
| Prior service costs (a) | — | — | — | (1) | |
| Net actuarial loss (a) | 1 | (1) | 3 | 1 | |
| Total Pre-tax | 1 | (1) | 3 | — | |
| Income Taxes | — | 1 | (1) | — | |
| Total After-tax | 1 | — | 2 | — | |
| Total reclassifications during the period | $(1) | $(1) | $(1) | $(2) | |
(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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