XML 38 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Benefit Plans | 3 Months Ended
--- | ---
Mar. 31, 2018
Benefit Plans | BENEFIT PLANS NOTE 10(a) Pension and Other Postretirement Benefits Plans - Net Periodic Benefit Costs - The components of net periodic benefit costs for sponsored defined benefit pension and OPEB plans for the three months ended March 31 are included in the tables below (in millions). The service cost component of net periodic benefit costs is included in “Other operation and maintenance” expenses in the income statements and all other components of net periodic benefit costs are included in “Other (income) and deductions” in the income statements. In IPL’s and WPL’s tables below, the defined benefit pension plan amounts represent those respective amounts for their bargaining unit employees covered under the qualified plans that they sponsor, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. In IPL’s and WPL’s tables below, the OPEB plan amounts represent respective amounts for their employees, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Corporate Services sponsored OPEB plan.
| Defined Benefit Pension Plans |  | OPEB Plans
Alliant Energy | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $3.0 |  |  |  | $3.1 |  |  |  | $1.1 |  |  |  | $1.2 |
Interest cost | 11.7 |  |  | 12.8 |  |  | 1.9 |  |  | 2.2 |
Expected return on plan assets | (17.4 | ) |  | (16.4 | ) |  | (1.5 | ) |  | (1.5 | )
Amortization of prior service credit | (0.2 | ) |  | (0.1 | ) |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 8.8 |  |  | 9.4 |  |  | 0.8 |  |  | 1.0 |
|  | $5.9 |  |  |  | $8.8 |  |  |  | $2.3 |  |  |  | $2.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
IPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.8 |  |  |  | $1.8 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.3 |  |  | 5.9 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (8.1 | ) |  | (7.7 | ) |  | (1.1 | ) |  | (1.1 | )
Amortization of actuarial loss | 3.7 |  |  | 4.0 |  |  | 0.3 |  |  | 0.5 |
|  | $2.7 |  |  |  | $4.0 |  |  |  | $0.4 |  |  |  | $0.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
WPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.1 |  |  |  | $1.2 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.0 |  |  | 5.5 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (7.6 | ) |  | (7.1 | ) |  | (0.2 | ) |  | (0.2 | )
Amortization of prior service credit | — |  |  | — |  |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 4.3 |  |  | 4.6 |  |  | 0.5 |  |  | 0.4 |
|  | $2.8 |  |  |  | $4.2 |  |  |  | $1.5 |  |  |  | $1.5 |
NOTE 10(b) Equity-based Compensation Plans - A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards for the three months ended March 31 was as follows (in millions):
| Alliant Energy |  | IPL |  | WPL
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
Compensation expense |  | $3.3 |  |  |  | $3.2 |  |  |  | $1.8 |  |  |  | $1.7 |  |  |  | $1.3 |  |  |  | $1.4 |
Income tax benefits | 0.9 |  |  | 1.3 |  |  | 0.5 |  |  | 0.7 |  |  | 0.4 |  |  | 0.5 |
As of March 31, 2018, Alliant Energy’s, IPL’s and WPL’s total unrecognized compensation cost related to share-based compensation awards was $14.6 million, $8.1 million and $5.9 million, respectively, which is expected to be recognized over a weighted average period of between one and two years. Performance Shares and Performance Units - A summary of the performance shares and performance units activity for the three months ended March 31, 2018, with amounts representing the target number of awards, was as follows:
| Performance Shares |  | Performance Units
Nonvested awards, January 1 | 223,511 |  |  | 71,737 |
Granted | 74,163 |  |  | 19,840 |
Vested | (90,806 | ) |  | (31,910 | )
Nonvested awards, March 31 | 206,868 |  |  | 59,667 |
Vested Awards - During the three months ended March 31, 2018, certain performance shares and performance units that were granted in 2015 vested, resulting in payouts (a combination of cash and common stock for the performance shares and cash only for the performance units) as follows:
| Performance Shares |  | Performance Units
Performance awards vested | 90,806 |  |  | 31,910 |
Percentage of target number of performance awards | 137.5 | % |  | 137.5 | %
Aggregate payout value (in millions) |  | $5.3 |  |  |  | $1.4 |
Payout - cash (in millions) |  | $4.9 |  |  |  | $1.4 |
Payout - common stock shares issued | 5,078 |  |  | N/A |
Fair Value of Awards - At March 29, 2018, Alliant Energy’s common stock closing price was $40.86. Additional information related to fair values of nonvested performance shares and performance units at March 31, 2018, by year of grant, was as follows:
| Performance Shares |  | Performance Units
| 2018 Grant |  | 2017 Grant |  | 2016 Grant |  | 2018 Grant |  | 2017 Grant |  | 2016 Grant
Nonvested awards at target | 74,163 |  |  | 65,350 |  |  | 67,355 |  |  | 19,840 |  |  | 18,600 |  |  | 21,227 |
Estimated payout percentage based on performance criteria | 100 | % |  | 115 | % |  | 160 | % |  | 100 | % |  | 115 | % |  | 160 | %
Fair values of each nonvested award |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |  |  |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |
Performance Restricted Stock Units - A summary of the performance restricted stock units activity for the three months ended March 31, 2018, with amounts representing the target number of units, was as follows:
| Units |  | Weighted Average Grant Date Fair Value
Nonvested units, January 1 | 132,705 |  |  |  | $36.50 |
Granted | 74,163 |  |  | 38.60 |
Nonvested units, March 31 | 206,868 |  |  | 37.25 |
Restricted Stock Units - A summary of the restricted stock units activity for the three months ended March 31, 2018, was as follows:
Nonvested units, January 1 | 113,749 |
Granted | 63,568 |
Nonvested units, March 31 | 177,317 |
IPL [Member] |
Benefit Plans | BENEFIT PLANS NOTE 10(a) Pension and Other Postretirement Benefits Plans - Net Periodic Benefit Costs - The components of net periodic benefit costs for sponsored defined benefit pension and OPEB plans for the three months ended March 31 are included in the tables below (in millions). The service cost component of net periodic benefit costs is included in “Other operation and maintenance” expenses in the income statements and all other components of net periodic benefit costs are included in “Other (income) and deductions” in the income statements. In IPL’s and WPL’s tables below, the defined benefit pension plan amounts represent those respective amounts for their bargaining unit employees covered under the qualified plans that they sponsor, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. In IPL’s and WPL’s tables below, the OPEB plan amounts represent respective amounts for their employees, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Corporate Services sponsored OPEB plan.
| Defined Benefit Pension Plans |  | OPEB Plans
Alliant Energy | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $3.0 |  |  |  | $3.1 |  |  |  | $1.1 |  |  |  | $1.2 |
Interest cost | 11.7 |  |  | 12.8 |  |  | 1.9 |  |  | 2.2 |
Expected return on plan assets | (17.4 | ) |  | (16.4 | ) |  | (1.5 | ) |  | (1.5 | )
Amortization of prior service credit | (0.2 | ) |  | (0.1 | ) |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 8.8 |  |  | 9.4 |  |  | 0.8 |  |  | 1.0 |
|  | $5.9 |  |  |  | $8.8 |  |  |  | $2.3 |  |  |  | $2.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
IPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.8 |  |  |  | $1.8 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.3 |  |  | 5.9 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (8.1 | ) |  | (7.7 | ) |  | (1.1 | ) |  | (1.1 | )
Amortization of actuarial loss | 3.7 |  |  | 4.0 |  |  | 0.3 |  |  | 0.5 |
|  | $2.7 |  |  |  | $4.0 |  |  |  | $0.4 |  |  |  | $0.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
WPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.1 |  |  |  | $1.2 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.0 |  |  | 5.5 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (7.6 | ) |  | (7.1 | ) |  | (0.2 | ) |  | (0.2 | )
Amortization of prior service credit | — |  |  | — |  |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 4.3 |  |  | 4.6 |  |  | 0.5 |  |  | 0.4 |
|  | $2.8 |  |  |  | $4.2 |  |  |  | $1.5 |  |  |  | $1.5 |
NOTE 10(b) Equity-based Compensation Plans - A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards for the three months ended March 31 was as follows (in millions):
| Alliant Energy |  | IPL |  | WPL
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
Compensation expense |  | $3.3 |  |  |  | $3.2 |  |  |  | $1.8 |  |  |  | $1.7 |  |  |  | $1.3 |  |  |  | $1.4 |
Income tax benefits | 0.9 |  |  | 1.3 |  |  | 0.5 |  |  | 0.7 |  |  | 0.4 |  |  | 0.5 |
As of March 31, 2018, Alliant Energy’s, IPL’s and WPL’s total unrecognized compensation cost related to share-based compensation awards was $14.6 million, $8.1 million and $5.9 million, respectively, which is expected to be recognized over a weighted average period of between one and two years. Performance Shares and Performance Units - A summary of the performance shares and performance units activity for the three months ended March 31, 2018, with amounts representing the target number of awards, was as follows:
| Performance Shares |  | Performance Units
Nonvested awards, January 1 | 223,511 |  |  | 71,737 |
Granted | 74,163 |  |  | 19,840 |
Vested | (90,806 | ) |  | (31,910 | )
Nonvested awards, March 31 | 206,868 |  |  | 59,667 |
Vested Awards - During the three months ended March 31, 2018, certain performance shares and performance units that were granted in 2015 vested, resulting in payouts (a combination of cash and common stock for the performance shares and cash only for the performance units) as follows:
| Performance Shares |  | Performance Units
Performance awards vested | 90,806 |  |  | 31,910 |
Percentage of target number of performance awards | 137.5 | % |  | 137.5 | %
Aggregate payout value (in millions) |  | $5.3 |  |  |  | $1.4 |
Payout - cash (in millions) |  | $4.9 |  |  |  | $1.4 |
Payout - common stock shares issued | 5,078 |  |  | N/A |
Fair Value of Awards - At March 29, 2018, Alliant Energy’s common stock closing price was $40.86. Additional information related to fair values of nonvested performance shares and performance units at March 31, 2018, by year of grant, was as follows:
| Performance Shares |  | Performance Units
| 2018 Grant |  | 2017 Grant |  | 2016 Grant |  | 2018 Grant |  | 2017 Grant |  | 2016 Grant
Nonvested awards at target | 74,163 |  |  | 65,350 |  |  | 67,355 |  |  | 19,840 |  |  | 18,600 |  |  | 21,227 |
Estimated payout percentage based on performance criteria | 100 | % |  | 115 | % |  | 160 | % |  | 100 | % |  | 115 | % |  | 160 | %
Fair values of each nonvested award |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |  |  |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |
Performance Restricted Stock Units - A summary of the performance restricted stock units activity for the three months ended March 31, 2018, with amounts representing the target number of units, was as follows:
| Units |  | Weighted Average Grant Date Fair Value
Nonvested units, January 1 | 132,705 |  |  |  | $36.50 |
Granted | 74,163 |  |  | 38.60 |
Nonvested units, March 31 | 206,868 |  |  | 37.25 |
Restricted Stock Units - A summary of the restricted stock units activity for the three months ended March 31, 2018, was as follows:
Nonvested units, January 1 | 113,749 |
Granted | 63,568 |
Nonvested units, March 31 | 177,317 |
WPL [Member] |
Benefit Plans | BENEFIT PLANS NOTE 10(a) Pension and Other Postretirement Benefits Plans - Net Periodic Benefit Costs - The components of net periodic benefit costs for sponsored defined benefit pension and OPEB plans for the three months ended March 31 are included in the tables below (in millions). The service cost component of net periodic benefit costs is included in “Other operation and maintenance” expenses in the income statements and all other components of net periodic benefit costs are included in “Other (income) and deductions” in the income statements. In IPL’s and WPL’s tables below, the defined benefit pension plan amounts represent those respective amounts for their bargaining unit employees covered under the qualified plans that they sponsor, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Alliant Energy and Corporate Services sponsored qualified and non-qualified defined benefit pension plans. In IPL’s and WPL’s tables below, the OPEB plan amounts represent respective amounts for their employees, as well as amounts directly assigned to them related to their current and former non-bargaining employees who are participants in the Corporate Services sponsored OPEB plan.
| Defined Benefit Pension Plans |  | OPEB Plans
Alliant Energy | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $3.0 |  |  |  | $3.1 |  |  |  | $1.1 |  |  |  | $1.2 |
Interest cost | 11.7 |  |  | 12.8 |  |  | 1.9 |  |  | 2.2 |
Expected return on plan assets | (17.4 | ) |  | (16.4 | ) |  | (1.5 | ) |  | (1.5 | )
Amortization of prior service credit | (0.2 | ) |  | (0.1 | ) |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 8.8 |  |  | 9.4 |  |  | 0.8 |  |  | 1.0 |
|  | $5.9 |  |  |  | $8.8 |  |  |  | $2.3 |  |  |  | $2.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
IPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.8 |  |  |  | $1.8 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.3 |  |  | 5.9 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (8.1 | ) |  | (7.7 | ) |  | (1.1 | ) |  | (1.1 | )
Amortization of actuarial loss | 3.7 |  |  | 4.0 |  |  | 0.3 |  |  | 0.5 |
|  | $2.7 |  |  |  | $4.0 |  |  |  | $0.4 |  |  |  | $0.8 |
| Defined Benefit Pension Plans |  | OPEB Plans
WPL | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $1.1 |  |  |  | $1.2 |  |  |  | $0.4 |  |  |  | $0.5 |
Interest cost | 5.0 |  |  | 5.5 |  |  | 0.8 |  |  | 0.9 |
Expected return on plan assets | (7.6 | ) |  | (7.1 | ) |  | (0.2 | ) |  | (0.2 | )
Amortization of prior service credit | — |  |  | — |  |  | — |  |  | (0.1 | )
Amortization of actuarial loss | 4.3 |  |  | 4.6 |  |  | 0.5 |  |  | 0.4 |
|  | $2.8 |  |  |  | $4.2 |  |  |  | $1.5 |  |  |  | $1.5 |
NOTE 10(b) Equity-based Compensation Plans - A summary of compensation expense, including amounts allocated to IPL and WPL, and the related income tax benefits recognized for share-based compensation awards for the three months ended March 31 was as follows (in millions):
| Alliant Energy |  | IPL |  | WPL
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
Compensation expense |  | $3.3 |  |  |  | $3.2 |  |  |  | $1.8 |  |  |  | $1.7 |  |  |  | $1.3 |  |  |  | $1.4 |
Income tax benefits | 0.9 |  |  | 1.3 |  |  | 0.5 |  |  | 0.7 |  |  | 0.4 |  |  | 0.5 |
As of March 31, 2018, Alliant Energy’s, IPL’s and WPL’s total unrecognized compensation cost related to share-based compensation awards was $14.6 million, $8.1 million and $5.9 million, respectively, which is expected to be recognized over a weighted average period of between one and two years. Performance Shares and Performance Units - A summary of the performance shares and performance units activity for the three months ended March 31, 2018, with amounts representing the target number of awards, was as follows:
| Performance Shares |  | Performance Units
Nonvested awards, January 1 | 223,511 |  |  | 71,737 |
Granted | 74,163 |  |  | 19,840 |
Vested | (90,806 | ) |  | (31,910 | )
Nonvested awards, March 31 | 206,868 |  |  | 59,667 |
Vested Awards - During the three months ended March 31, 2018, certain performance shares and performance units that were granted in 2015 vested, resulting in payouts (a combination of cash and common stock for the performance shares and cash only for the performance units) as follows:
| Performance Shares |  | Performance Units
Performance awards vested | 90,806 |  |  | 31,910 |
Percentage of target number of performance awards | 137.5 | % |  | 137.5 | %
Aggregate payout value (in millions) |  | $5.3 |  |  |  | $1.4 |
Payout - cash (in millions) |  | $4.9 |  |  |  | $1.4 |
Payout - common stock shares issued | 5,078 |  |  | N/A |
Fair Value of Awards - At March 29, 2018, Alliant Energy’s common stock closing price was $40.86. Additional information related to fair values of nonvested performance shares and performance units at March 31, 2018, by year of grant, was as follows:
| Performance Shares |  | Performance Units
| 2018 Grant |  | 2017 Grant |  | 2016 Grant |  | 2018 Grant |  | 2017 Grant |  | 2016 Grant
Nonvested awards at target | 74,163 |  |  | 65,350 |  |  | 67,355 |  |  | 19,840 |  |  | 18,600 |  |  | 21,227 |
Estimated payout percentage based on performance criteria | 100 | % |  | 115 | % |  | 160 | % |  | 100 | % |  | 115 | % |  | 160 | %
Fair values of each nonvested award |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |  |  |  | $40.86 |  |  |  | $46.99 |  |  |  | $65.38 |
Performance Restricted Stock Units - A summary of the performance restricted stock units activity for the three months ended March 31, 2018, with amounts representing the target number of units, was as follows:
| Units |  | Weighted Average Grant Date Fair Value
Nonvested units, January 1 | 132,705 |  |  |  | $36.50 |
Granted | 74,163 |  |  | 38.60 |
Nonvested units, March 31 | 206,868 |  |  | 37.25 |
Restricted Stock Units - A summary of the restricted stock units activity for the three months ended March 31, 2018, was as follows:
Nonvested units, January 1 | 113,749 |
Granted | 63,568 |
Nonvested units, March 31 | 177,317 |

X
- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_CompensationAndEmployeeBenefitPlansTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=lnt_IplMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=lnt_WplMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |