PPL Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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See the whole filing, with its images and exhibitsContents
. Accumulated Other Comprehensive Income (Loss)
- Accumulated Other Comprehensive Income (Loss)
(PPL)
The after-tax changes in AOCI by component for the years ended December 31 were as follows:
| Defined benefit plans | ||||||
|---|---|---|---|---|---|---|
| Foreigncurrencytranslationadjustments | Unrealized gains (losses) onqualifyingderivatives | Equityinvestees'AOCI | Priorservicecosts | Actuarialgain(loss) | Total | |
| PPL | ||||||
| December 31, 2021 | $— | $1 | $— | $(6) | $(152) | $(157) |
| Amounts arising during the year | — | — | 2 | (1) | 11 | 12 |
| Reclassifications from AOCI | — | 2 | — | 2 | 17 | 21 |
| Net OCI during the year | — | 2 | 2 | 1 | 28 | 33 |
| December 31, 2022 | $— | $3 | $2 | $(5) | $(124) | $(124) |
| Amounts arising during the year | — | — | 1 | — | (41) | (40) |
| Reclassifications from AOCI | — | 3 | — | 1 | (3) | 1 |
| Net OCI during the year | — | 3 | 1 | 1 | (44) | (39) |
| December 31, 2023 | $— | $6 | $3 | $(4) | $(168) | $(163) |
| Amounts arising during the year | — | — | 1 | — | (22) | (21) |
| Reclassifications from AOCI | — | 3 | — | 1 | (4) | — |
| Net OCI during the year | — | 3 | 1 | 1 | (26) | (21) |
| December 31, 2024 | $— | $9 | $4 | $(3) | $(194) | $(184) |
The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the years ended December 31, 2024, 2023 and 2022. The defined benefit plan components of AOCI are not reflected in their entirety in the statement of income; rather, they are included in the computation of net periodic defined benefit costs (credits) and subject to capitalization. See Note 10 for additional information.
| PPL | ||||
|---|---|---|---|---|
| Details about AOCI | 2024 | 2023 | 2022 | Affected Line Item on theStatements of Income |
| Qualifying derivatives | ||||
| Interest rate swaps | $(3) | $(3) | $(3) | Interest Expense |
| Total Pre-tax | (3) | (3) | (3) | |
| Income Taxes | — | — | 1 | |
| Total After-tax | (3) | (3) | (2) | |
| Defined benefit plans | ||||
| Prior service costs | (1) | (2) | (3) | |
| Net actuarial loss | 4 | 3 | (24) | |
| Total Pre-tax | 3 | 1 | (27) | |
| Income Taxes | — | 1 | 8 | |
| Total After-tax | 3 | 2 | (19) | |
| Total reclassifications during the year | $— | $(1) | $(21) | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.