XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2014
Statement of Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The changes in AOCI, net of tax, in the three months ended March 31, 2014 and 2013, for FirstEnergy and FES are shown in the following tables:
 
FirstEnergy
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(In millions)
AOCI Balance as of January 1, 2014
 
$
(36
)
 
$
9

 
$
311

 
$
284

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
22

 
—

 
22

Amounts reclassified from AOCI
 
—

 
(9
)
 
(26
)
 
(35
)
Net other comprehensive income (loss)
 
—

 
13

 
(26
)
 
(13
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2014
 
$
(36
)
 
$
22

 
$
285

 
$
271

 
 
 
 
 
 
 
 
 
AOCI Balance as of January 1, 2013
 
$
(38
)
 
$
15

 
$
408

 
$
385

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
15

 
—

 
15

Amounts reclassified from AOCI
 
1

 
(12
)
 
(28
)
 
(39
)
Net other comprehensive income (loss)
 
1

 
3

 
(28
)
 
(24
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2013
 
$
(37
)
 
$
18

 
$
380

 
$
361

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FES
 
 
 
 
 
 
 
 
 
 
Gains & Losses on Cash Flow Hedges
 
Unrealized Gains on AFS Securities
 
Defined Benefit Pension & OPEB Plans
 
Total
 
 
(In millions)
AOCI Balance as of January 1, 2014
 
$
(1
)
 
$
8

 
$
47

 
$
54

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
21

 
—

 
21

Amounts reclassified from AOCI
 
(1
)
 
(9
)
 
(3
)
 
(13
)
Net other comprehensive income (loss)
 
(1
)
 
12

 
(3
)
 
8

 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2014
 
$
(2
)
 
$
20

 
$
44

 
$
62

 
 
 
 
 
 
 
 
 
AOCI Balance as of January 1, 2013
 
$
3

 
$
13

 
$
56

 
$
72

 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
—

 
14

 
—

 
14

Amounts reclassified from AOCI
 
(1
)
 
(10
)
 
(4
)
 
(15
)
Net other comprehensive income (loss)
 
(1
)
 
4

 
(4
)
 
(1
)
 
 
 
 
 
 
 
 
 
AOCI Balance as of March 31, 2013
 
$
2

 
$
17

 
$
52

 
$
71
Reclassification out of Accumulated Other Comprehensive Income
The following amounts were reclassified from AOCI in the three months ended March 31, 2014 and 2013:
FE
 
Three Months Ended March 31
 
Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI (b)
 
2014
 
2013
 
 
 
(In millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
Commodity contracts
 
$
(2
)
 
$
(3
)
 
Other operating expenses
Long-term debt
 
2

 
4

 
Interest expense ($2) in 2014 and Interest expense ($2) and loss on debt redemptions ($2) in 2013
 
 
—

 
1

 
Total before taxes
 
 
—

 
—

 
Income taxes
 
 
$
—

 
$
1

 
Net of tax
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(14
)
 
$
(19
)
 
Investment income
 
 
5

 
7

 
Income taxes
 
 
$
(9
)
 
$
(12
)
 
Net of tax
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
Prior-service costs
 
$
(42
)
 
$
(47
)
 
(a)
 
 
16

 
19

 
Income taxes
 
 
$
(26
)
 
$
(28
)
 
Net of tax
 
 
 
 
 
 
 
(a) These AOCI components are included in the computation of net periodic pension cost. See Note 3, Pensions and Other Postemployment Benefits for additional details.
(b) Parenthesis represent credits to the Consolidated Statements of Income from AOCI.
 
 
 
 
 
 
 
FES
 
Three Months Ended March 31
 
Affected Line Item in Consolidated Statements of Income
Reclassifications from AOCI (b)
 
2014
 
2013
 
 
 
(In millions)
 
 
Gains & losses on cash flow hedges
 
 
 
 
 
 
Commodity contracts
 
$
(2
)
 
$
(3
)
 
Other operating expenses
Long-term debt
 
—

 
2

 
Loss on debt redemptions
 
 
(2
)
 
(1
)
 
Total before taxes
 
 
1

 
—

 
Income tax benefits
 
 
$
(1
)
 
$
(1
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized gains on AFS securities
 
 
 
 
 
 
Realized gains on sales of securities
 
$
(14
)
 
$
(16
)
 
Investment income
 
 
5

 
6

 
Income tax benefits
 
 
$
(9
)
 
$
(10
)
 
Net of tax
 
 
 
 
 
 
 
Defined benefit pension and OPEB plans
 
 
 
 
 
 
Prior-service costs
 
$
(5
)
 
$
(5
)
 
(a)
 
 
2

 
1

 
Income tax benefits
 
 
$
(3
)
 
$
(4
)
 
Net of tax
 
 
 
 
 
 
 
(a) These AOCI components are included in the computation of net periodic pension cost. See Note 3, Pensions and Other Postemployment Benefits for additional details.
(b) Parenthesis represent credits to the Consolidated Statements of Income from AOCI.