Pension and Other Post-Employment Benefits (Tables)

9 Months Ended

Sep. 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 September 30,	2020		2019		2020		2019
	(In millions)
Service costs	$	47	$	48	$	1	$	1
Interest costs	71		93		4		6
Expected return on plan assets	(156)		(135)		(9)		(7)
Amortization of prior service costs (credits)	1		2		(4)		(9)

Net periodic costs (credits), including amounts capitalized	$	(37)	$	8	$	(8)	$	(9)
Net periodic credits, recognized in earnings	$	(56)	$	(11)	$	(8)	$	(10)


Components of Net Periodic Benefit Costs (Credits)	Pension				OPEB
For the Nine Months Ended September 30,	2020		2019		2020			2019
	(In millions)
Service costs	$	147	$	144	$	3		$	3
Interest costs	216		279		12			16
Expected return on plan assets	(464)		(405)		(25)			(21)
Special termination costs (1)	—		14		—		—	—
Amortization of prior service costs (credits) (2)	12		6		(42)			(27)
One-time termination benefit (3)	8		—		—			—
Pension and OPEB mark-to-market adjustment	386		—		37			—
Net periodic costs (credits), including amounts capitalized	$	305	$	38	$	(15)		$	(29)
Net periodic costs (credits), recognized in earnings	$	240	$	(19)	$	(15)		$	(30)

(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.

(3) Costs represent additional benefits provided to FES and FENOC employees under the approved settlement agreement and are a component of discontinued operations in FirstEnergy’s Consolidated Statements of Income.