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Equity (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Accumulated Other Comprehensive Income (Loss)

Presented in the table below is a summary of AOCI by component:


At December 31,	2018			2017
(millions)
Dominion Energy
Net deferred losses on derivatives-hedging activities, net of $79 and $188 tax	$	(234	)	$	(301	)
Net unrealized gains on nuclear decommissioning trust funds, net of $— and $(419) tax		2			747
Net unrecognized pension and other postretirement benefit costs, net of $519 and $692 tax		(1,465	)		(1,101	)
Other comprehensive loss from equity method investees, net of $— and $2 tax		(2	)		(3	)
Total AOCI, including noncontrolling interest	$	(1,699	)	$	(658	)
Less other comprehensive income attributable to noncontrolling interest		1			1
Total AOCI, excluding noncontrolling interest	$	(1,700	)	$	(659	)
Virginia Power
Net deferred losses on derivatives-hedging activities, net of $4 and $8 tax	$	(13	)	$	(12	)
Net unrealized gains on nuclear decommissioning trust funds, net of $— and $(47) tax		1			74
Total AOCI	$	(12	)	$	62
Dominion Energy Gas
Net deferred losses on derivatives-hedging activities, net of $8 and $15 tax	$	(25	)	$	(23	)
Net unrecognized pension costs, net of $56 and $59 tax		(144	)		(75	)
Total AOCI	$	(169	)	$	(98	)

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 loss from equity method investees			Total
(millions)
Year Ended December 31, 2018
Beginning balance		$(302	)		$ 747			$(1,101	)		$(3	)		$(659	)
Other comprehensive income before reclassifications: gains (losses)		30			(18	)		(215	)		1			(202	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		102			5			78			—			185
Net current period other comprehensive income (loss)		132			(13)			(137	)		1			(17	)
Cumulative-effect of changes in accounting principle		(64	)		(732)			(227	)		—			(1,023	)
Less other comprehensive income (loss) attributable to noncontrolling interest		1			—			—			—			1
Ending balance		$(235	)		$2			$(1,465	)		$(2	)		$(1,700	)
Year Ended December 31, 2017
Beginning balance		$(280	)		$ 569			$(1,082	)		$(6	)		$ (799	)
Other comprehensive income before reclassifications: gains (losses)		8			215			(69	)		3			157
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		(29	)		(37	)		50			—			(16	)
Net current period other comprehensive income (loss)		(21	)		178			(19	)		3			141
Less other comprehensive income (loss) attributable to noncontrolling interest		1			—			—			—			1
Ending balance		$(302	)		$ 747			$(1,101	)		$(3	)		$ (659	)

(1)

See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

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)
Year Ended December 31, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts		$90			Operating revenue
		(14	)		Electric fuel and other energy-related purchases
Interest rate contracts		48			Interest and related charges
Foreign currency contracts		13			Other Income
Total		137
Tax		(35	)		Income tax expense
Total, net of tax		$102
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities		$7			Other income
Total		7
Tax		(2	)		Income tax expense
Total, net of tax		$5
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)		$(21	)		Other income
Amortization of actuarial losses		120			Other income
Total		99
Tax		(21	)		Income tax expense
Total, net of tax		$78
Year Ended December 31, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts		$(81	)		Operating revenue
		2			Purchased gas
Interest rate contracts		52			Interest and related charges
Foreign currency contracts		(20	)		Other Income
Total		(47	)
Tax		18			Income tax expense
Total, net of tax		$(29	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities		$(81	)		Other income
Impairment		23			Other income
Total		(58	)
Tax		21			Income tax expense
Total, net of tax		$(37	)
Unrecognized pension and other postretirement benefit costs:
Prior-service costs (credits)		$(21	)		Other income
Actuarial losses		103			Other income
Total		82
Tax		(32	)		Income tax expense
Total, net of tax		$50

Summary of Restricted Stock Activity

The following table provides a summary of restricted stock activity for the years ended December 31, 2018, 2017 and 2016:


	Shares			Weighted —average Grant Date Fair Value
	(thousands)
Nonvested at December 31, 2015		855			$66.16
Granted		372			71.67
Vested		(301	)		56.83
Cancelled and forfeited		(40	)		71.75
Nonvested at December 31, 2016		886			$71.40
Granted		454			74.24
Vested		(287	)		68.90
Cancelled and forfeited		(10	)		72.37
Nonvested at December 31, 2017		1,043			$73.32
Granted		534			72.92
Vested		(316	)		73.59
Cancelled and forfeited		(53	)		74.25
Nonvested at December 31, 2018		1,208			$73.03

Virginia Electric and Power Company

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Virginia Power’s changes in AOCI by component, net of tax:


	Deferred gains and losses on derivatives- hedging activities			Unrealized gains and losses on investment securities			Total
(millions)

Year Ended December 31, 2018
Beginning balance	$	(12)		$	74			$ 62
Other comprehensive income before reclassifications: gains (losses)		1			—			1
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		1			—			1
Net current period other comprehensive income (loss)		2			—			2
Cumulative-effect of changes in accounting principle		(3	)		(73	)		(76	)
Ending balance	$	(13	)	$	1			$(12	)
Year Ended December 31, 2017
Beginning balance	$	(8	)	$	54			$ 46
Other comprehensive income before reclassifications: gains (losses)		(5	)		24			19
Amounts reclassified from AOCI: gains (losses)⁽¹⁾		1			(4	)		(3	)
Net current period other comprehensive income (loss)		(4	)		20			16
Ending balance	$	(12	)	$	74			$ 62

(1)

See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Virginia Power’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)

Year Ended December 31, 2018
(Gains) losses on cash flow hedges:
Interest rate contracts		$ 1			Interest and related charges
Total		1
Tax		—			Income tax expense
Total, net of tax		$ 1
Year Ended December 31, 2017
(Gains) losses on cash flow hedges:
Interest rate contracts		$ 1			Interest and related charges
Total		1
Tax		—			Income tax expense
Total, net of tax		$ 1
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities		$(9	)		Other income
Impairment		2			Other income
Total		(7	)
Tax		3			Income tax expense
Total, net of tax		$(4	)

Dominion Energy Gas Holdings, LLC

Schedule of Accumulated Other Comprehensive Income (Loss)

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)

Year Ended December 31, 2018
Beginning balance		$(23	)		$ (75	)	$	(98	)
Other comprehensive income before reclassifications: gains (losses)		(17	)		(52	)		(69	)
Amounts reclassified from AOCI: (gains) losses⁽¹⁾		20			4			24
Net current period other comprehensive income (loss)		3			(48	)		(45	)
Cumulative-effect of changes in accounting principle		(5	)		(21	)		(26	)
Ending balance		$(25	)		$(144	)	$	(169	)
Year Ended December 31, 2017
Beginning balance		$(24	)		$ (99	)	$	(123	)
Other comprehensive income before reclassifications: gains (losses)		5			20			25
Amounts reclassified from AOCI: gains (losses)⁽¹⁾		(4	)		4			—
Net current period other comprehensive income (loss)		1			24			25
Ending balance		$(23	)		$ (75	)	$	(98	)

(1)

See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

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)

Year Ended December 31, 2018
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts		$ 8		Operating revenue
Interest rate contracts		6		Interest and related charges
Foreign currency contracts		13		Other income
Total		27
Tax		(7	)	Income tax expense
Total, net of tax		$ 20
Unrecognized pension costs:
Actuarial losses		$ 6		Other income
Total		6
Tax		(2	)	Income tax expense
Total, net of tax		$ 4
Year Ended December 31, 2017
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts		$ 8		Operating revenue
Interest rate contracts		5		Interest and related charges
Foreign currency contracts		(20	)	Other income
Total		(7	)
Tax		3		Income tax expense
Total, net of tax		$ (4	)
Unrecognized pension costs:
Actuarial losses		$ 6		Other income
Total		6
Tax		(2	)	Income tax expense
Total, net of tax		$ 4