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Accumulated Other Comprehensive Income | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Accumulated Other Comprehensive Income | Note 7. Accumulated Other Comprehensive Income Dominion Energy The following table presents Dominion Energy’s changes in AOCI by component, net of tax:
|  | Deferred Gains and Losses on Derivatives-Hedging Activities |  |  | Unrealized Gains and Losses on Investment Securities |  |  | Unrecognized Pension and Other Postretirement Benefit Costs |  |  | Other Comprehensive Income (Loss) From Equity Method Investee |  |  | Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (260 | ) |  | $ | 599 |  |  | $ | (1,069 | ) |  | $ | (5 | ) |  | $ | (735 | )
Other comprehensive income before reclassifications: gains |  |  | 28 |  |  |  | 35 |  |  |  | — |  |  |  | 1 |  |  |  | 64 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (18 | ) |  |  | (4 | ) |  |  | 11 |  |  |  | — |  |  |  | (11 | )
Net current-period other comprehensive income |  |  | 10 |  |  |  | 31 |  |  |  | 11 |  |  |  | 1 |  |  |  | 53 |
Ending balance |  | $ | (250 | ) |  | $ | 630 |  |  | $ | (1,058 | ) |  | $ | (4 | ) |  | $ | (682 | )
Three Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (186 | ) |  | $ | 517 |  |  | $ | (789 | ) |  | $ | (5 | ) |  | $ | (463 | )
Other comprehensive income before reclassifications: gains (losses) |  |  | (11 | ) |  |  | 26 |  |  |  | — |  |  |  | (1 | ) |  |  | 14 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (44 | ) |  |  | (8 | ) |  |  | 8 |  |  |  | — |  |  |  | (44 | )
Net current-period other comprehensive income (loss) |  |  | (55 | ) |  |  | 18 |  |  |  | 8 |  |  |  | (1 | ) |  |  | (30 | )
Ending balance |  | $ | (241 | ) |  | $ | 535 |  |  | $ | (781 | ) |  | $ | (6 | ) |  | $ | (493 | )
Six Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (280 | ) |  | $ | 569 |  |  | $ | (1,082 | ) |  | $ | (6 | ) |  | $ | (799 | )
Other comprehensive income before reclassifications: gains |  |  | 71 |  |  |  | 93 |  |  |  | — |  |  |  | 2 |  |  |  | 166 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (41 | ) |  |  | (32 | ) |  |  | 24 |  |  |  | — |  |  |  | (49 | )
Net current-period other comprehensive income |  |  | 30 |  |  |  | 61 |  |  |  | 24 |  |  |  | 2 |  |  |  | 117 |
Ending balance |  | $ | (250 | ) |  | $ | 630 |  |  | $ | (1,058 | ) |  | $ | (4 | ) |  | $ | (682 | )
Six Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (176 | ) |  | $ | 504 |  |  | $ | (797 | ) |  | $ | (5 | ) |  | $ | (474 | )
Other comprehensive income before reclassifications: gains (losses) |  |  | 42 |  |  |  | 41 |  |  |  | — |  |  |  | (1 | ) |  |  | 82 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (107 | ) |  |  | (10 | ) |  |  | 16 |  |  |  | — |  |  |  | (101 | )
Net current-period other comprehensive income (loss) |  |  | (65 | ) |  |  | 31 |  |  |  | 16 |  |  |  | (1 | ) |  |  | (19 | )
Ending balance |  | $ | (241 | ) |  | $ | 535 |  |  | $ | (781 | ) |  | $ | (6 | ) |  | $ | (493 | )
(1) | See table below for details about these reclassifications.
The following table presents Dominion Energy’s reclassifications out of AOCI by component:
Details About AOCI Components |  | Amounts Reclassified From AOCI |  |  | Affected Line Item in the Consolidated Statements of Income
(millions) |  |  |  |  |  |
Three Months Ended June 30, 2017 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (19 | ) |  | Operating revenue
|  |  | (2 | ) |  | Electric fuel and other energy-related purchases
Interest rate contracts |  |  | 11 |  |  | Interest and related charges
Foreign currency contracts |  |  | (19 | ) |  | Other income
|  |  | (29 | ) |  |
Tax |  |  | 11 |  |  | Income tax expense
|  | $ | (18 | ) |  |
Unrealized (gains) and losses on investment securities: |  |  |  |  |  |
Realized (gain) loss on sale of securities |  | $ | (11 | ) |  | Other income
Impairment |  |  | 5 |  |  | Other income
|  |  | (6 | ) |  |
Tax |  |  | 2 |  |  | Income tax expense
|  | $ | (4 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Prior service (credit) costs |  | $ | (5 | ) |  | Other operations and maintenance
Actuarial (gains) losses |  |  | 26 |  |  | Other operations and maintenance
|  |  | 21 |  |  |
Tax |  |  | (10 | ) |  | Income tax expense
|  | $ | 11 |  |  |
Three Months Ended June 30, 2016 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (87 | ) |  | Operating revenue
|  |  | 2 |  |  | Purchased gas
|  |  | 3 |  |  | Electric fuel and other energy-related purchases
Interest rate contracts |  |  | 8 |  |  | Interest and related charges
Foreign currency contracts |  |  | 2 |  |  | Other income
|  |  | (72 | ) |  |
Tax |  |  | 28 |  |  | Income tax expense
|  | $ | (44 | ) |  |
Unrealized (gains) and losses on investment securities: |  |  |  |  |  |
Realized (gain) loss on sale of securities |  | $ | (20 | ) |  | Other income
Impairment |  |  | 7 |  |  | Other income
|  |  | (13 | ) |  |
Tax |  |  | 5 |  |  | Income tax expense
|  | $ | (8 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Prior service (credit) costs |  | $ | (3 | ) |  | Other operations and maintenance
Actuarial (gains) losses |  |  | 17 |  |  | Other operations and maintenance
|  |  | 14 |  |  |
Tax |  |  | (6 | ) |  | Income tax expense
|  | $ | 8 |  |  |
Six Months Ended June 30, 2017 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (81 | ) |  | Operating revenue
|  |  | (2 | ) |  | Electric fuel and other energy-related purchases
Interest rate contracts |  |  | 23 |  |  | Interest and related charges
Foreign currency contracts |  |  | (6 | ) |  | Other income
|  |  | (66 | ) |  |
Tax |  |  | 25 |  |  | Income tax expense
|  | $ | (41 | ) |  |
Unrealized (gains) and losses on investment securities: |  |  |  |  |  |
Realized (gain) loss on sale of securities |  | $ | (64 | ) |  | Other income
Impairment |  |  | 14 |  |  | Other income
|  |  | (50 | ) |  |
Tax |  |  | 18 |  |  | Income tax expense
|  | $ | (32 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Prior service (credit) costs |  | $ | (9 | ) |  | Other operations and maintenance
Actuarial (gains) losses |  |  | 51 |  |  | Other operations and maintenance
|  |  | 42 |  |  |
Tax |  |  | (18 | ) |  | Income tax expense
|  | $ | 24 |  |  |
Six Months Ended June 30, 2016 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (201 | ) |  | Operating revenue
|  |  | 8 |  |  | Purchased gas
|  |  | 6 |  |  | Electric fuel and other energy-related purchases
Interest rate contracts |  |  | 11 |  |  | Interest and related charges
Foreign currency contracts |  |  | 2 |  |  | Other income
|  |  | (174 | ) |  |
Tax |  |  | 67 |  |  | Income tax expense
|  | $ | (107 | ) |  |
Unrealized (gains) and losses on investment securities: |  |  |  |  |  |
Realized (gain) loss on sale of securities |  | $ | (30 | ) |  | Other income
Impairment |  |  | 14 |  |  | Other income
|  |  | (16 | ) |  |
Tax |  |  | 6 |  |  | Income tax expense
|  | $ | (10 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Prior service (credit) costs |  | $ | (7 | ) |  | Other operations and maintenance
Actuarial (gains) losses |  |  | 35 |  |  | Other operations and maintenance
|  |  | 28 |  |  |
Tax |  |  | (12 | ) |  | Income tax expense
|  | $ | 16 |  |  |
Dominion Energy Gas The following table presents Dominion Energy Gas’ changes in AOCI by component, net of tax:
|  | Deferred Gains and Losses on Derivatives-Hedging Activities |  |  | Unrecognized Pension and Other Postretirement Benefit Costs |  |  | Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (22 | ) |  | $ | (99 | ) |  | $ | (121 | )
Other comprehensive income before reclassifications: gains |  |  | 11 |  |  |  | — |  |  |  | 11 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (12 | ) |  |  | 2 |  |  |  | (10 | )
Net current-period other comprehensive income (loss) |  |  | (1 | ) |  |  | 2 |  |  |  | 1 |
Ending balance |  | $ | (23 | ) |  | $ | (97 | ) |  | $ | (120 | )
Three Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (25 | ) |  | $ | (82 | ) |  | $ | (107 | )
Other comprehensive income before reclassifications: losses |  |  | (9 | ) |  |  | — |  |  |  | (9 | )
Amounts reclassified from AOCI(1): losses |  |  | — |  |  |  | 1 |  |  |  | 1 |
Net current-period other comprehensive income (loss) |  |  | (9 | ) |  |  | 1 |  |  |  | (8 | )
Ending balance |  | $ | (34 | ) |  | $ | (81 | ) |  | $ | (115 | )
Six Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (24 | ) |  | $ | (99 | ) |  | $ | (123 | )
Other comprehensive income before reclassifications: gains |  |  | 2 |  |  |  | — |  |  |  | 2 |
Amounts reclassified from AOCI(1): (gains) losses |  |  | (1 | ) |  |  | 2 |  |  |  | 1 |
Net current-period other comprehensive income |  |  | 1 |  |  |  | 2 |  |  |  | 3 |
Ending balance |  | $ | (23 | ) |  | $ | (97 | ) |  | $ | (120 | )
Six Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | (17 | ) |  | $ | (82 | ) |  | $ | (99 | )
Other comprehensive income before reclassifications: losses |  |  | (15 | ) |  |  | — |  |  |  | (15 | )
Amounts reclassified from AOCI(1): (gains) losses |  |  | (2 | ) |  |  | 1 |  |  |  | (1 | )
Net current-period other comprehensive income (loss) |  |  | (17 | ) |  |  | 1 |  |  |  | (16 | )
Ending balance |  | $ | (34 | ) |  | $ | (81 | ) |  | $ | (115 | )
(1) | See table below for details about these reclassifications.
The following table presents Dominion Energy Gas' reclassifications out of AOCI by component:
Details About AOCI Components |  | Amounts Reclassified From AOCI |  |  | Affected Line Item in the Consolidated Statements of Income
(millions) |  |  |  |  |  |
Three Months Ended June 30, 2017 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (1 | ) |  | Operating revenue
Interest rate contracts |  |  | 1 |  |  | Interest and related charges
Foreign currency contracts |  |  | (19 | ) |  | Other income
|  |  | (19 | ) |  |
Tax |  |  | 7 |  |  | Income tax expense
|  | $ | (12 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Actuarial (gains) losses |  | $ | 2 |  |  | Other operations and maintenance
|  |  | 2 |  |  |
Tax |  |  | — |  |  | Income tax expense
|  | $ | 2 |  |  |
Three Months Ended June 30, 2016 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Foreign currency contracts |  | $ | 2 |  |  | Other income
|  |  | 2 |  |  |
Tax |  |  | (2 | ) |  | Income tax expense
|  | $ | — |  |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Actuarial (gains) losses |  | $ | 1 |  |  | Other operations and maintenance
|  |  | 1 |  |  |
Tax |  |  | — |  |  | Income tax expense
|  | $ | 1 |  |  |
Six Months Ended June 30, 2017 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | 3 |  |  | Operating revenue
Interest rate contracts |  |  | 2 |  |  | Interest and related charges
Foreign currency contracts |  |  | (6 | ) |  | Other income
|  |  | (1 | ) |  |
Tax |  |  | — |  |  | Income tax expense
|  | $ | (1 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Actuarial (gains) losses |  | $ | 3 |  |  | Other operations and maintenance
|  |  | 3 |  |  |
Tax |  |  | (1 | ) |  | Income tax expense
|  | $ | 2 |  |  |
Six Months Ended June 30, 2016 |  |  |  |  |  |
Deferred (gains) and losses on derivatives-hedging activities: |  |  |  |  |  |
Commodity contracts |  | $ | (4 | ) |  | Operating revenue
Foreign currency contracts |  |  | 2 |  |  | Other income
|  |  | (2 | ) |  |
Tax |  |  | — |  |  | Income tax expense
|  | $ | (2 | ) |  |
Unrecognized pension and other postretirement benefit costs: |  |  |  |  |  |
Actuarial (gains) losses |  | $ | 2 |  |  | Other operations and maintenance
|  |  | 2 |  |  |
Tax |  |  | (1 | ) |  | Income tax expense
|  | $ | 1 |  |  |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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