EXELON CORP
For the period ended Sep 30, 2024. Filed Oct 30, 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 Oct 30, 2024
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13. Changes in Accumulated Other Comprehensive Income
- Changes in Accumulated Other Comprehensive Income (Loss) (Exelon)
The following table presents changes in Exelon's AOCI, net of tax, by component:
| Three Months Ended September 30, 2024 | Cash Flow Hedges | Pension and Non-Pension Postretirement Benefit Plan Items(a) | Total |
|---|---|---|---|
| Balance at June 30, 2024 | $27 | $(739) | $(712) |
| OCI before reclassifications | (28) | — | (28) |
| Amounts reclassified from AOCI | (1) | 5 | 4 |
| Net current-period OCI | (29) | 5 | (24) |
| Balance at September 30, 2024 | $(2) | $(734) | $(736) |
| Three Months Ended September 30, 2023 | Cash Flow Hedges | Pension and Non-Pension Postretirement Benefit Plan Items(a) | Total |
|---|---|---|---|
| Balance at June 30, 2023 | $17 | $(647) | $(630) |
| OCI before reclassifications | 22 | (3) | 19 |
| Amounts reclassified from AOCI | (1) | 16 | 15 |
| Net current-period OCI | 21 | 13 | 34 |
| Balance at September 30, 2023 | $38 | $(634) | $(596) |
| Nine Months Ended September 30, 2024 | Cash Flow Hedges | Pension and Non-Pension Postretirement Benefit Plan Items(a) | Total |
|---|---|---|---|
| Balance at December 31, 2023 | $(3) | $(723) | $(726) |
| OCI before reclassifications | 4 | (26) | (22) |
| Amounts reclassified from AOCI | (3) | 15 | 12 |
| Net current-period OCI | 1 | (11) | (10) |
| Balance at September 30, 2024 | $(2) | $(734) | $(736) |
Note 13 — Changes in Accumulated Other Comprehensive Income
| Nine Months Ended September 30, 2023 | Cash Flow Hedges | Pension and Non-Pension Postretirement Benefit Plan Items(a) | Total |
|---|---|---|---|
| Balance at December 31, 2022 | $2 | $(640) | $(638) |
| OCI before reclassifications | 37 | (16) | 21 |
| Amounts reclassified from AOCI | (1) | 22 | 21 |
| Net current-period OCI | $36 | $6 | $42 |
| Balance at September 30, 2023 | $38 | $(634) | $(596) |
(a)This AOCI component is included in the computation of net periodic pension and OPEB cost. See Note 14 — Retirement Benefits of the 2023 Form 10-K and Note 7 — Retirement Benefits for additional information. See Exelon's Statements of Operations and Comprehensive Income for individual components of AOCI.
The following table presents Income tax benefit (expense) allocated to each component of Exelon's Other comprehensive income (loss):
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Pension and non-pension postretirement benefit plans: | ||||
| Actuarial losses reclassified to periodic benefit cost | $(2) | $(5) | $(6) | $(7) |
| Pension and non-pension postretirement benefit plans valuation adjustments | — | 1 | 8 | 5 |
| Unrealized gains on cash flow hedges | 10 | (7) | — | (11) |
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