| Accumulated Other Comprehensive Income (Loss) |
Note 7. Accumulated Other Comprehensive Income (Loss) Dominion Energy The following tables present 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)(5) |
|
|
Total |
|
(millions) |
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
(179 |
) |
|
$ |
3 |
|
|
$ |
26 |
|
|
$ |
(150 |
) |
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
— |
|
|
|
(2 |
) |
|
|
— |
|
|
|
(2 |
) |
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
|
Interest and related charges |
|
|
10 |
|
|
|
— |
|
|
|
— |
|
|
|
10 |
|
Other income (expense) |
|
|
— |
|
|
|
3 |
|
|
|
(3 |
) |
|
|
— |
|
Total |
|
|
10 |
|
|
|
3 |
|
|
|
(3 |
) |
|
|
10 |
|
Income tax expense (benefit) |
|
|
(3 |
) |
|
|
(1 |
) |
|
|
1 |
|
|
|
(3 |
) |
Total, net of tax |
|
|
7 |
|
|
|
2 |
|
|
|
(2 |
) |
|
|
7 |
|
Net current period other comprehensive income (loss) |
|
|
7 |
|
|
|
— |
|
|
|
(2 |
) |
|
|
5 |
|
Ending balance |
|
$ |
(172 |
) |
|
$ |
3 |
|
|
$ |
24 |
|
|
$ |
(145 |
) |
Three Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
(202 |
) |
|
$ |
(15 |
) |
|
$ |
42 |
|
|
$ |
(175 |
) |
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
2 |
|
|
|
5 |
|
|
|
— |
|
|
|
7 |
|
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
|
Interest and related charges |
|
|
11 |
|
|
|
— |
|
|
|
— |
|
|
|
11 |
|
Other income (expense) |
|
|
— |
|
|
|
— |
|
|
|
(5 |
) |
|
|
(5 |
) |
Total |
|
|
11 |
|
|
|
— |
|
|
|
(5 |
) |
|
|
6 |
|
Income tax expense (benefit) |
|
|
(2 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2 |
) |
Total, net of tax |
|
|
9 |
|
|
|
— |
|
|
|
(5 |
) |
|
|
4 |
|
Net current period other comprehensive income (loss) |
|
|
11 |
|
|
|
5 |
|
|
|
(5 |
) |
|
|
11 |
|
Ending balance |
|
$ |
(191 |
) |
|
$ |
(10 |
) |
|
$ |
37 |
|
|
$ |
(164 |
) |
(1)Comprised entirely of interest rate derivative hedging activities. (2)Net of $58 million, $61 million, $64 million and $68 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively. (3)Net of $— million, $2 million, $6 million and $11 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively. (4)Comprised entirely of prior service cost. (5)Net of $(8) million, $(9) million, $(11) million and $(10) million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Derivative-Hedging Activities(1)(2) |
|
|
Investment
Securities(3) |
|
|
Pension and other postretirement benefit costs(4)(5) |
|
|
Total |
|
(millions) |
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
(171 |
) |
|
$ |
(10 |
) |
|
$ |
29 |
|
|
$ |
(152 |
) |
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
(16 |
) |
|
|
9 |
|
|
|
— |
|
|
|
(7 |
) |
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
|
Interest and related charges |
|
|
20 |
|
|
|
— |
|
|
|
— |
|
|
|
20 |
|
Other income (expense) |
|
|
— |
|
|
|
5 |
|
|
|
(6 |
) |
|
|
(1 |
) |
Total |
|
|
20 |
|
|
|
5 |
|
|
|
(6 |
) |
|
|
19 |
|
Income tax expense (benefit) |
|
|
(5 |
) |
|
|
(1 |
) |
|
|
1 |
|
|
|
(5 |
) |
Total, net of tax |
|
|
15 |
|
|
|
4 |
|
|
|
(5 |
) |
|
|
14 |
|
Net current period other comprehensive
income (loss) |
|
|
(1 |
) |
|
|
13 |
|
|
|
(5 |
) |
|
|
7 |
|
Ending balance |
|
$ |
(172 |
) |
|
$ |
3 |
|
|
$ |
24 |
|
|
$ |
(145 |
) |
Six Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
(216 |
) |
|
$ |
1 |
|
|
$ |
43 |
|
|
$ |
(172 |
) |
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
9 |
|
|
|
(17 |
) |
|
|
— |
|
|
|
(8 |
) |
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
|
Interest and related charges |
|
|
22 |
|
|
|
— |
|
|
|
— |
|
|
|
22 |
|
Other income (expense) |
|
|
— |
|
|
|
8 |
|
|
|
(9 |
) |
|
|
(1 |
) |
Total |
|
|
22 |
|
|
|
8 |
|
|
|
(9 |
) |
|
|
21 |
|
Income tax expense (benefit) |
|
|
(6 |
) |
|
|
(2 |
) |
|
|
3 |
|
|
|
(5 |
) |
Total, net of tax |
|
|
16 |
|
|
|
6 |
|
|
|
(6 |
) |
|
|
16 |
|
Net current period other comprehensive income (loss) |
|
|
25 |
|
|
|
(11 |
) |
|
|
(6 |
) |
|
|
8 |
|
Ending balance |
|
$ |
(191 |
) |
|
$ |
(10 |
) |
|
$ |
37 |
|
|
$ |
(164 |
) |
(1)Comprised entirely of interest rate derivative hedging activities. (2)Net of $58 million, $58 million, $64 million and $73 million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively. (3)Net of $— million, $9 million, $6 million and $(1) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively. (4)Comprised entirely of prior service cost. (5)Net of $(8) million, $(9) million, $(11) million and $(14) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively. Virginia Power The following tables present 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 June 30, 2025 |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
21 |
|
|
$ |
2 |
|
|
$ |
23 |
|
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
2 |
|
|
|
(2 |
) |
|
|
— |
|
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
Total |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Income tax expense (benefit) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net current period other comprehensive income (loss) |
|
|
2 |
|
|
|
(2 |
) |
|
|
— |
|
Ending balance |
|
$ |
23 |
|
|
$ |
— |
|
|
$ |
23 |
|
Three Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
22 |
|
|
$ |
(1 |
) |
|
$ |
21 |
|
Other comprehensive income (loss) before reclassifications: gains
(losses) |
|
|
2 |
|
|
|
— |
|
|
|
2 |
|
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
Total |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Income tax expense (benefit) |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
Total, net of tax |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
Net current period other comprehensive income (loss) |
|
|
2 |
|
|
|
1 |
|
|
|
3 |
|
Ending balance |
|
$ |
24 |
|
|
$ |
— |
|
|
$ |
24 |
|
(1)Comprised entirely of interest rate derivative hedging activities. (2)Net of $(8) million, $(7) million, $(8) million and $(7) million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively. (3)Net of $1 million, $1 million, $1 million and $3 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Derivative-Hedging Activities(1)(2) |
|
|
Investment
Securities(3) |
|
|
Total |
|
(millions) |
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
28 |
|
|
$ |
— |
|
|
$ |
28 |
|
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
(5 |
) |
|
|
— |
|
|
|
(5 |
) |
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
|
|
Total |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Income tax expense (benefit) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net current period other comprehensive income (loss) |
|
|
(5 |
) |
|
|
— |
|
|
|
(5 |
) |
Ending balance |
|
$ |
23 |
|
|
$ |
— |
|
|
$ |
23 |
|
Six Months Ended June 30, 2024 |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
15 |
|
|
$ |
2 |
|
|
$ |
17 |
|
Other comprehensive income (loss) before
reclassifications: gains (losses) |
|
|
9 |
|
|
|
(4 |
) |
|
|
5 |
|
Amounts reclassified from AOCI: (gains) losses |
|
|
|
|
|
|
|
Other income (expense) |
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
Total |
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
Income tax expense (benefit) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total, net of tax |
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
Net current period other comprehensive income (loss) |
|
|
9 |
|
|
|
(2 |
) |
|
|
7 |
|
Ending balance |
|
$ |
24 |
|
|
$ |
— |
|
|
$ |
24 |
|
(1)Comprised entirely of interest rate derivative hedging activities. (2)Net of $(8) million, $(10) million, $(8) million and $(5) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively. (3)Net of $1 million tax at each of June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023. |