XML 51 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2024
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Dominion Energy’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Pension
and other
postretirement
benefit costs(4)

 

 

Equity Method Investees(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(191

)

 

$

(13

)

 

$

(1,483

)

 

$

—

 

 

$

(1,687

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(7

)

 

 

32

 

 

 

4

 

 

 

—

 

 

 

29

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

11

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11

 

Other income (expense)

 

 

—

 

 

 

(2

)

 

 

(4

)

 

 

—

 

 

 

(6

)

Total

 

 

11

 

 

 

(2

)

 

 

(4

)

 

 

—

 

 

 

5

 

Income tax expense (benefit)

 

 

(3

)

 

 

1

 

 

 

1

 

 

 

—

 

 

 

(1

)

Total, net of tax

 

 

8

 

 

 

(1

)

 

 

(3

)

 

 

—

 

 

 

4

 

Net current period other comprehensive
    income (loss)

 

 

1

 

 

 

31

 

 

 

1

 

 

 

—

 

 

 

33

 

Ending balance

 

$

(190

)

 

$

18

 

 

$

(1,482

)

 

$

—

 

 

$

(1,654

)

Three Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(236

)

 

$

(29

)

 

$

(1,299

)

 

$

(2

)

 

$

(1,566

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

19

 

 

 

(22

)

 

 

—

 

 

 

(1

)

 

 

(4

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

11

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

4

 

Other income (expense)

 

 

—

 

 

 

2

 

 

 

(15

)

 

 

—

 

 

 

(13

)

Total

 

 

11

 

 

 

2

 

 

 

(15

)

 

 

4

 

 

 

2

 

Income tax expense (benefit)

 

 

(3

)

 

 

—

 

 

 

7

 

 

 

(1

)

 

 

3

 

Total, net of tax

 

 

8

 

 

 

2

 

 

 

(8

)

 

 

3

 

 

 

5

 

Net current period other comprehensive
    income (loss)

 

 

27

 

 

 

(20

)

 

 

(8

)

 

 

2

 

 

 

1

 

Ending balance

 

$

(209

)

 

$

(49

)

 

$

(1,307

)

 

$

—

 

 

$

(1,565

)
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $64 million, $64 million, $70 million and $79 million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.
(3)
Net of $(5) million, $3 million, $16 million and $9 million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.
(4)
Net of $522 million, $522 million, $461 million and $453 million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.
(5)
Net of $— million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Pension
and other
postretirement
benefit costs(4)

 

 

Equity Method Investees(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(216

)

 

$

—

 

 

$

(1,290

)

 

$

—

 

 

$

(1,506

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

2

 

 

 

13

 

 

 

(249

)

 

 

—

 

 

 

(234

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

33

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

33

 

Other income (expense)

 

 

—

 

 

 

6

 

 

 

77

 

 

 

—

 

 

 

83

 

Total

 

 

33

 

 

 

6

 

 

 

77

 

 

 

—

 

 

 

116

 

Income tax expense (benefit)

 

 

(9

)

 

 

(1

)

 

 

(20

)

 

 

—

 

 

 

(30

)

Total, net of tax

 

 

24

 

 

 

5

 

 

 

57

 

 

 

—

 

 

 

86

 

Net current period other comprehensive
    income (loss)

 

 

26

 

 

 

18

 

 

 

(192

)

 

 

—

 

 

 

(148

)

Ending balance

 

$

(190

)

 

$

18

 

 

$

(1,482

)

 

$

—

 

 

$

(1,654

)

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(249

)

 

$

(44

)

 

$

(1,276

)

 

$

(3

)

 

$

(1,572

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

16

 

 

 

(6

)

 

 

—

 

 

 

—

 

 

 

10

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

32

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

32

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

4

 

Other income (expense)

 

 

—

 

 

 

1

 

 

 

(46

)

 

 

—

 

 

 

(45

)

Total

 

 

32

 

 

 

1

 

 

 

(46

)

 

 

4

 

 

 

(9

)

Income tax expense (benefit)

 

 

(8

)

 

 

—

 

 

 

15

 

 

 

(1

)

 

 

6

 

Total, net of tax

 

 

24

 

 

 

1

 

 

 

(31

)

 

 

3

 

 

 

(3

)

Net current period other comprehensive
    income (loss)

 

 

40

 

 

 

(5

)

 

 

(31

)

 

 

3

 

 

 

7

 

Ending balance

 

$

(209

)

 

$

(49

)

 

$

(1,307

)

 

$

—

 

 

$

(1,565

)
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $64 million, $73 million, $70 million and $83 million tax at September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022, respectively.
(3)
Net of $(5) million, $(2) million, $16 million and $13 million tax at September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022, respectively.
(4)
Net of $522 million, $456 million, $461 million and $445 million tax at September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022, respectively.
(5)
Net of $— million tax at September 30, 2024, December 31, 2023, September 30, 2023 and $1 million tax at December 31, 2022, respectively.
Virginia Electric and Power Company  
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Virginia Power’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

24

 

 

$

(1

)

 

$

23

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(7

)

 

 

6

 

 

 

(1

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

           Interest and related charges

 

 

—

 

 

 

—

 

 

 

—

 

           Other income (expense)

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

(1

)

 

 

(1

)

Total, net of tax

 

 

—

 

 

 

(1

)

 

 

(1

)

Net current period other comprehensive income (loss)

 

 

(7

)

 

 

5

 

 

 

(2

)

Ending balance

 

$

17

 

 

$

4

 

 

$

21

 

Three Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

13

 

 

$

(4

)

 

$

9

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

18

 

 

 

(3

)

 

 

15

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

          Interest and related charges (benefit)

 

 

1

 

 

 

—

 

 

 

1

 

          Other income (expense)

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

 

1

 

 

 

—

 

 

 

1

 

Income tax expense (benefit)

 

 

(1

)

 

 

—

 

 

 

(1

)

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

18

 

 

 

(3

)

 

 

15

 

Ending balance

 

$

31

 

 

$

(7

)

 

$

24

 
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(6) million, $(8) million, $(11) million and $(4) million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.
(3)
Net of $(2) million, $— million, $3 million and $1 million tax at September 30, 2024, June 30, 2024, September 30, 2023 and June 30, 2023, respectively.

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

15

 

 

$

1

 

 

$

16

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

2

 

 

 

2

 

 

 

4

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

           Interest and related charges

 

 

—

 

 

 

—

 

 

 

—

 

           Other income (expense)

 

 

—

 

 

 

2

 

 

 

2

 

Total

 

 

—

 

 

 

2

 

 

 

2

 

Income tax expense (benefit)

 

 

—

 

 

 

(1

)

 

 

(1

)

Total, net of tax

 

 

—

 

 

 

1

 

 

 

1

 

Net current period other comprehensive income (loss)

 

 

2

 

 

 

3

 

 

 

5

 

Ending balance

 

$

17

 

 

$

4

 

 

$

21

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

16

 

 

$

(7

)

 

$

9

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

15

 

 

 

—

 

 

 

15

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

           Interest and related charges

 

 

1

 

 

 

—

 

 

 

1

 

           Other income (expense)

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

 

1

 

 

 

—

 

 

 

1

 

Income tax expense (benefit)

 

 

(1

)

 

 

—

 

 

 

(1

)

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

15

 

 

 

—

 

 

 

15

 

Ending balance

 

$

31

 

 

$

(7

)

 

$

24

 
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(6) million, $(5) million, $(11) million and $(5) million tax at September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022, respectively.
(3)
Net of $(2) million, $— million, $3 million and $2 million tax at September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022, respectively.