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Pension and Other Postemployment Benefits | 6 Months Ended
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Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract] |
PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS | PENSION AND OTHER POSTEMPLOYMENT BENEFITS In 2016, FirstEnergy has minimum required funding obligations of $381 million to its qualified pension plan, of which $245 million has been contributed through July 2016, including $85 million at FES in July of 2016. FirstEnergy expects to make future contributions to the qualified pension plan in 2016 to satisfy its remaining 2016 funding obligations, as well as address certain of its future funding obligations, with cash, up to $500 million of equity or a combination thereof, depending on, among other things, market conditions. The components of the consolidated net periodic cost (credits) for pension and OPEB (including amounts capitalized) were as follows:
Components of Net Periodic Benefit Costs (Credits) |  | Pension | OPEB
For the Three Months Ended June 30 |  | 2016 |  | 2015 |  | 2016 |  | 2015
|  | (In millions)
Service costs |  | $ | 48 |  |  | $ | 48 |  |  | $ | 1 |  |  | $ | 1 |
Interest costs |  | 99 |  |  | 96 |  |  | 8 |  |  | 7 |
Expected return on plan assets |  | (100 | ) |  | (111 | ) |  | (8 | ) |  | (8 | )
Amortization of prior service costs (credits) |  | 2 |  |  | 2 |  |  | (20 | ) |  | (34 | )
Net periodic costs (credits) |  | $ | 49 |  |  | $ | 35 |  |  | $ | (19 | ) |  | $ | (34 | )
Components of Net Periodic Benefit Costs (Credits) |  | Pension | OPEB
For the Six Months Ended June 30 |  | 2016 |  | 2015 |  | 2016 |  | 2015
|  | (In millions)
Service costs |  | $ | 96 |  |  | $ | 96 |  |  | $ | 2 |  |  | $ | 2 |
Interest costs |  | 199 |  |  | 192 |  |  | 15 |  |  | 14 |
Expected return on plan assets |  | (197 | ) |  | (222 | ) |  | (16 | ) |  | (16 | )
Amortization of prior service costs (credits) |  | 4 |  |  | 4 |  |  | (40 | ) |  | (67 | )
Net periodic costs (credits) |  | $ | 102 |  |  | $ | 70 |  |  | $ | (39 | ) |  | $ | (67 | )
FES' share of the net periodic pension and OPEB costs (credits) were as follows:
|  | Pension | OPEB
|  | 2016 |  | 2015 |  | 2016 |  | 2015
|  | (In millions)
For the Three Months Ended June 30 |  | $ | 6 |  |  | $ | 4 |  |  | $ | (4 | ) |  | $ | (5 | )
For the Six Months Ended June 30 |  | 12 |  |  | 8 |  |  | (8 | ) |  | (10 | )
Pension and OPEB obligations are allocated to FE's subsidiaries, including FES, employing the plan participants. The net periodic pension and OPEB costs (credits), net of amounts capitalized, recognized in earnings by FE and FES were as follows:
Net Periodic Benefit Expense (Credit) |  | Pension |  | OPEB
For the Three Months Ended June 30 |  | 2016 |  | 2015 |  | 2016 |  | 2015
|  | (In millions)
FirstEnergy |  | $ | 35 |  |  | $ | 24 |  |  | $ | (15 | ) |  | $ | (22 | )
FES |  | 6 |  |  | 4 |  |  | (4 | ) |  | (4 | )
Net Periodic Benefit Expense (Credit) |  | Pension |  | OPEB
For the Six Months Ended June 30 |  | 2016 |  | 2015 |  | 2016 |  | 2015
|  | (In millions)
FirstEnergy |  | $ | 72 |  |  | $ | 49 |  |  | $ | (30 | ) |  | $ | (45 | )
FES |  | 12 |  |  | 8 |  |  | (8 | ) |  | (8 | )

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