Pension and Other Post-Employment Benefits (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30,	2020		2019		2020		2019
	(In millions)
Service costs	$	48	$	48	$	1	$	1
Interest costs	70		93		4		5
Expected return on plan assets	(155)		(135)		(8)		(7)
Amortization of prior service costs (credits)	1		2		(5)		(9)
Special termination costs ⁽¹⁾	—		(1)		—		—
Net periodic costs (credits), including amounts capitalized	$	(36)	$	7	$	(8)	$	(10)
Net periodic costs (credits), recognized in earnings	$	(62)	$	(14)	$	(8)	$	(10)


Components of Net Periodic Benefit Costs (Credits)	Pension									OPEB
For the Six Months Ended June 30,	2020		2019		2020			2019
	(In millions)
Service costs	$	100	$	96	$	2		$	2
Interest costs	145		186		8			10
Expected return on plan assets	(308)		(270)		(16)			(14)
Special termination costs ⁽¹⁾	—		14		—		—	—
Amortization of prior service costs (credits) ⁽²⁾	11		4		(38)			(18)
One-time termination benefit ⁽³⁾	8		—		—			—
Pension and OPEB mark-to-market adjustment	386		—		37			—
Net periodic costs (credits), including amounts capitalized	$	342	$	30	$	(7)		$	(20)
Net periodic costs (credits), recognized in earnings	$	296	$	(8)	$	(7)		$	(20)

⁽¹⁾Subject to a cap, FirstEnergy 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. The costs are a component of discontinued operations in FirstEnergy’s Consolidated Statements of Income.

(2) 2020 includes the acceleration of $18 million in net credits as a result of the FES Debtors’ emergence during the first quarter of 2020 and is a component of discontinued operations in FirstEnergy’s Consolidated Statements of Income.