XML 137 R111.htm IDEA: XBRL DOCUMENT v3.24.2
Derivatives - Narrative (Details)
MMBTU in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
MMBTU
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Derivative [Line Items]          
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     11    
Energy-related derivative hedge gain (loss) to be reclassified within twelve months $ 12,000,000   $ 12,000,000    
Gain (Loss) Recognized in OCI on Derivatives (6,000,000) $ 36,000,000 (5,000,000) $ (50,000,000)  
Collateral already posted, assets, aggregate fair value 24,000,000   24,000,000    
Derivatives 642,000,000   642,000,000   $ 659,000,000
Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months (15,000,000)   (15,000,000)    
Derivatives 65,000,000   65,000,000    
Interest rate derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 1,000,000 3,000,000 24,000,000 (10,000,000)  
Interest rate derivatives | Cash Flow Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges (4,000,000) (5,000,000) (8,000,000) (9,000,000)  
Interest rate derivatives | Fair Value Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges 0 (45,000,000) (31,000,000) (3,000,000)  
Energy-related derivatives | Energy-related derivatives not designated as hedging instruments | Cost of Natural Gas          
Derivative [Line Items]          
Derivative instruments not designated as hedging instruments, gain (loss), net 16,000,000 16,000,000 63,000,000 29,000,000  
Energy-related derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 3,000,000 (5,000,000) (5,000,000) (50,000,000)  
Foreign currency derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives (6,000,000) 8,000,000 (20,000,000) 9,000,000  
Foreign currency derivatives | Cash Flow Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges (3,000,000) (2,000,000) (6,000,000) (5,000,000)  
Foreign currency derivatives | Fair Value Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives (4,000,000) 30,000,000 $ (4,000,000) 1,000,000  
SOUTHERN POWER CO          
Derivative [Line Items]          
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     2    
Energy-related derivative hedge gain (loss) to be reclassified within twelve months 0   $ 0    
Foreign currency cash flow hedge gain (loss) to be reclassified during next 12 months 11,000,000   11,000,000    
Gain (Loss) Recognized in OCI on Derivatives (5,000,000) 6,000,000 (20,000,000) (4,000,000)  
Derivatives 33,000,000   33,000,000   27,000,000
SOUTHERN POWER CO | Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months 0   0    
Derivatives 15,000,000   15,000,000    
SOUTHERN POWER CO | Energy-related derivatives          
Derivative [Line Items]          
Derivatives 0   0    
SOUTHERN POWER CO | Energy-related derivatives | Energy-related derivatives not designated as hedging instruments          
Derivative [Line Items]          
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 0 0  
SOUTHERN POWER CO | Energy-related derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 1,000,000 (2,000,000) 0 (13,000,000)  
SOUTHERN POWER CO | Foreign currency derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives (6,000,000) 8,000,000 (20,000,000) 9,000,000  
SOUTHERN POWER CO | Foreign currency derivatives | Cash Flow Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges (3,000,000) (2,000,000) (6,000,000) (5,000,000)  
SOUTHERN Co GAS          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 3,000,000 0 (4,000,000) (33,000,000)  
Collateral already posted, assets, aggregate fair value 24,000,000   24,000,000   62,000,000
Derivatives 97,000,000   97,000,000   87,000,000
SOUTHERN Co GAS | Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months 0   0    
SOUTHERN Co GAS | Interest rate derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 1,000,000 3,000,000 1,000,000 4,000,000  
SOUTHERN Co GAS | Interest rate derivatives | Cash Flow Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges 0 0 0 (1,000,000)  
SOUTHERN Co GAS | Interest rate derivatives | Fair Value Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges (6,000,000) (15,000,000) (10,000,000) (2,000,000)  
SOUTHERN Co GAS | Energy-related derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 2,000,000 (3,000,000) $ (5,000,000) (37,000,000)  
ALABAMA POWER CO          
Derivative [Line Items]          
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     3    
Collateral already posted, assets, aggregate fair value 0   $ 0    
Derivatives 60,000,000   60,000,000   100,000,000
ALABAMA POWER CO | Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months 0   0    
ALABAMA POWER CO | Energy-related derivatives | Energy-related derivatives not designated as hedging instruments          
Derivative [Line Items]          
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 $ 0 0  
GEORGIA POWER CO          
Derivative [Line Items]          
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     4    
Derivatives 65,000,000   $ 65,000,000   113,000,000
GEORGIA POWER CO | Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months 0   0    
GEORGIA POWER CO | Interest rate derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 0 (1,000,000) 16,000,000 (3,000,000)  
GEORGIA POWER CO | Energy-related derivatives | Energy-related derivatives not designated as hedging instruments          
Derivative [Line Items]          
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 $ 0 0  
MISSISSIPPI POWER CO          
Derivative [Line Items]          
Expected volume of natural gas subject to option to sell back excess gas due to operational constraints | MMBTU     2    
Derivatives 32,000,000   $ 32,000,000   $ 47,000,000
MISSISSIPPI POWER CO | Interest rate derivatives          
Derivative [Line Items]          
Cash flow hedge gain (loss) to be reclassified within twelve months 0   0    
MISSISSIPPI POWER CO | Interest rate derivatives | Cash Flow Hedging          
Derivative [Line Items]          
Gain (Loss) Recognized in OCI on Derivatives 0 0 7,000,000 0  
MISSISSIPPI POWER CO | Energy-related derivatives | Energy-related derivatives not designated as hedging instruments          
Derivative [Line Items]          
Derivative instruments not designated as hedging instruments, gain (loss), net 0 0 0 0  
Registrants | Derivative Counterparties          
Derivative [Line Items]          
Collateral already posted, assets, aggregate fair value 0   0    
Traditional Electric Operating Companies | Interest rate derivatives | Cash Flow Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges 0 0 0 0  
Traditional Electric Operating Companies | Interest rate derivatives | Fair Value Hedging | Interest Expense          
Derivative [Line Items]          
Gain (loss) on hedges 0 $ 0 0 $ 0  
Traditional Electric Operating Companies | Energy-related derivatives          
Derivative [Line Items]          
Derivatives $ 0   $ 0