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Pension and Other Post-Employment Benefits (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Costs

The components of FirstEnergy’s net periodic benefit 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,						2022						2021						2022						2021
						(In millions)
Service costs						$	46					$	48					$	1					$	1
Interest costs						68						57						3						3
Expected return on plan assets						(164)						(163)						(10)						(10)
Amortization of prior service costs (credits)(1)						1						1						(3)						(4)
Net periodic benefit credits						$	(49)					$	(57)					$	(9)					$	(10)
Net periodic benefit credits, net of amounts capitalized						$	(77)					$	(80)					$	(9)					$	(10)

(1) The income tax benefits associated with pension and OPEB prior service costs amortized out of AOCI were $1 million for the three months ended September 30, 2022 and 2021.

Components of Net Periodic Benefit Costs (Credits)						Pension												OPEB
For the Nine Months Ended September 30,						2022						2021						2022						2021
						(In millions)
Service costs						$	138					145						3						3
Interest costs						204						170						8						8
Expected return on plan assets						(492)						(489)						(30)						(27)
Amortization or prior service costs (credits)(1)						2						3						(8)						(13)
Net periodic benefit credits						$	(148)					$	(171)					$	(27)					$	(29)
Net periodic benefit credits, net of amounts capitalized						$	(218)					$	(243)					$	(28)					$	(30)

(1) The income tax benefits associated with the pension and OPEB prior service costs amortized out of AOCI were $2 million and $3 million for the nine months ended September 30, 2022 and 2021, respectively.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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