Defined Benefits

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Defined Benefits

9. Defined Benefits

(PPL)

Certain net periodic defined benefit costs are applied to accounts that are further distributed among capital, expense, regulatory assets and regulatory liabilities, including certain costs allocated to applicable subsidiaries for plans sponsored by PPL Services and LKE. Following are the net periodic defined benefit costs (credits) of the plans sponsored by PPL and its subsidiaries for the periods ended September 30:

	Pension Benefits
	Three Months				Nine Months
	2024		2023		2024		2023
PPL
Service cost	$	9	$	8	$	26	$	25
Interest cost	45		47		137		141
Expected return on plan assets	(74)		(77)		(224)		(232)
Amortization of:
Prior service cost	1		2		2		5
Actuarial loss	3		1		8		2
Net periodic defined benefit costs (credits)	$	(16)	$	(19)	$	(51)	$	(59)

	Other Postretirement Benefits
	Three Months				Nine Months
	2024		2023		2024		2023
PPL
Service cost	$	2	$	1	$	5	$	4
Interest cost	8		8		22		23
Expected return on plan assets	(8)		(7)		(23)		(22)
Amortization of:
Prior service cost	—		—		1		1
Actuarial loss	(1)		(1)		(4)		(4)
Net periodic defined benefit costs (credits)	$	1	$	1	$	1	$	2

(All Registrants)

The non-service cost components of net periodic defined benefit costs (credits) (interest cost, expected return on plan assets, amortization of prior service cost and amortization of actuarial gain and loss) are presented in "Other Income (Expense) - net" on the Statements of Income. See Note 12 for additional information.