Pension and Other Postemployment Benefits (Tables)

9 Months Ended

Sep. 30, 2019

Components of Net Periodic Benefit Costs

The components of the consolidated net periodic costs (credits) for pension and OPEB were as follows:



Components of Net Periodic Benefit Costs (Credits)	Pension						OPEB
For the Three Months Ended September 30,	2019			2018			2019			2018
	(In millions)
Service costs ⁽¹⁾	$	48		$	56		$	1		$	1
Interest costs ⁽²⁾	93			93			6			6
Expected return on plan assets ⁽²⁾	(135		)	(144		)	(7		)	(7		)
Amortization of prior service costs (credits) ⁽²⁾	2			2			(9		)	(20		)
Special termination costs ^{(2) (3)}	—			21			—			6
Net periodic costs (credits), including amounts capitalized	$	8		$	28		$	(9	)	$	(14	)
Net periodic costs (credits), recognized in earnings	$	(11	)	$	5		$	(10	)	$	(15	)


Components of Net Periodic Benefit Costs (Credits)	Pension						OPEB
For the Nine Months Ended September 30,	2019			2018			2019			2018
	(In millions)
Service costs ⁽¹⁾	$	144		$	168		$	3		$	3
Interest costs ⁽²⁾	279			279			16			18
Expected return on plan assets ⁽²⁾	(405		)	(432		)	(21		)	(22		)
Amortization of prior service costs (credits) ⁽²⁾	6			6			(27		)	(60		)
Special termination costs ^{(2) (3)}	14			21			—			6
Net periodic costs (credits), including amounts capitalized	$	38		$	42		$	(29	)	$	(55	)
Net periodic credits, recognized in earnings	$	(19	)	$	(27	)	$	(30	)	$	(57	)

⁽¹⁾ Service costs, net of capitalization, are reported within Other operating expenses on FirstEnergy’s Consolidated Statements of Income (Loss).

⁽²⁾Non-service costs are reported within Miscellaneous income, net, within Other Income (Expense) on FirstEnergy’s Consolidated Statements of Income (Loss).

⁽³⁾Subject to a cap, FirstEnergy has agreed to fund a pension enhancement through its pension plan, for voluntary enhanced retirement packages offered to certain FES employees, as well as offer certain other employee benefits (approximately $14 million recognized in the first nine months of 2019).