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Equity (Tables) | 6 Months Ended
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Jun. 30, 2023
Schedule Of Earnings Per Share Basic And Diluted | The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:
| For the Three Months Ended June 30,
| 2023 |  | 2022
| (In Millions, Except Per Share Data)
| Income |  | Shares |  | $/share |  | Income |  | Shares |  | $/share
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Entergy Corporation | $391.2 |  |  | 211.4 |  |  | $1.85 |  |  | $159.7 |  |  | 203.4 |  |  | $0.79 |
Average dilutive effect of: |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 0.3 |  |  | — |  |  |  |  | 0.5 |  |  | (0.01) |
Other equity plans |  |  | 0.5 |  |  | (0.01) |  |  |  |  | 0.5 |  |  | — |
Equity forwards |  |  | — |  |  | — |  |  |  |  | 0.3 |  |  | — |
Diluted earnings per share | $391.2 |  |  | 212.2 |  |  | $1.84 |  |  | $159.7 |  |  | 204.7 |  |  | $0.78 |
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.2 million for the three months ended June 30, 2023 and approximately 0.9 million for the three months ended June 30, 2022. The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:
| For the Six Months Ended June 30,
| 2023 |  | 2022
| (In Millions, Except Per Share Data)
| Income |  | Shares |  | $/share |  | Income |  | Shares |  | $/share
Basic earnings per share |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Entergy Corporation | $702.2 |  |  | 211.4 |  |  | $3.32 |  |  | $436.1 |  |  | 203.2 |  |  | $2.15 |
Average dilutive effect of: |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 0.3 |  |  | — |  |  |  |  | 0.5 |  |  | (0.01) |
Other equity plans |  |  | 0.5 |  |  | (0.01) |  |  |  |  | 0.4 |  |  | (0.01) |
Equity forwards |  |  | — |  |  | — |  |  |  |  | 0.2 |  |  | — |
Diluted earnings per share | $702.2 |  |  | 212.2 |  |  | $3.31 |  |  | $436.1 |  |  | 204.3 |  |  | $2.13 |
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1.1 million for the six months ended June 30, 2023 and approximately 0.9 million for the six months ended June 30, 2022.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2023:
| Pension and Other Postretirement Liabilities
| (In Thousands)
Beginning balance, April 1, 2023 | ($189,727) |
Amounts reclassified from accumulated other comprehensive income (loss) | (3,292) |
Net other comprehensive income (loss) for the period | (3,292) |
Ending balance, June 30, 2023 | ($193,019) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2022 by component:
| Cash flow hedges net unrealized gain (loss) |  | Pension and other postretirement liabilities |  | Net unrealized investment gain (loss) |  |  |  | Total Accumulated Other Comprehensive Income (Loss)
| (In Thousands)
Beginning balance, April 1, 2022 | ($1,011) |  |  | ($330,319) |  |  | ($5,248) |  |  |  |  | ($336,578) |
Other comprehensive income (loss) before reclassifications | (14) |  |  | — |  |  | 4,101 |  |  |  |  | 4,087 |
Amounts reclassified from accumulated other comprehensive income | 38 |  |  | 6,045 |  |  | 2,370 |  |  |  |  | 8,453 |
Net other comprehensive income (loss) for the period | 24 |  |  | 6,045 |  |  | 6,471 |  |  |  |  | 12,540 |
Ending balance, June 30, 2022 | ($987) |  |  | ($324,274) |  |  | $1,223 |  |  |  |  | ($324,038) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2023:
| Pension and Other Postretirement Liabilities
| (In Thousands)
Beginning balance, January 1, 2023 | ($191,754) |
Amounts reclassified from accumulated other comprehensive income (loss) | (1,265) |
Net other comprehensive income (loss) for the period | (1,265) |
Ending balance, June 30, 2023 | ($193,019) |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2022 by component:
| Cash flow hedges net unrealized gain (loss) |  | Pension and other postretirement liabilities |  | Net unrealized investment gain (loss) |  |  |  | Total Accumulated Other Comprehensive Income (Loss)
| (In Thousands)
Beginning balance, January 1, 2022 | ($1,035) |  |  | ($338,647) |  |  | $7,154 |  |  |  |  | ($332,528) |
Other comprehensive income (loss) before reclassifications | (29) |  |  | — |  |  | (11,774) |  |  |  |  | (11,803) |
Amounts reclassified from accumulated other comprehensive income (loss) | 77 |  |  | 14,373 |  |  | 5,843 |  |  |  |  | 20,293 |
Net other comprehensive income (loss) for the period | 48 |  |  | 14,373 |  |  | (5,931) |  |  |  |  | 8,490 |
Ending balance, June 30, 2022 | ($987) |  |  | ($324,274) |  |  | $1,223 |  |  |  |  | ($324,038) |
Reclassification out of Accumulated Other Comprehensive Income | Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the three months ended June 30, 2023 and 2022 were as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2023 |  | 2022 |  |
| (In Thousands) |  |
Cash flow hedges net unrealized loss |  |  |  |  |
Interest rate swaps | $— |  |  | ($48) |  |  | Miscellaneous - net
Total realized loss on cash flow hedges | — |  |  | (48) |  |  |
Income taxes | — |  |  | 10 |  |  | Income taxes
Total realized loss on cash flow hedges (net of tax) | $— |  |  | ($38) |  |  |
Pension and other postretirement liabilities |  |  |  |  |
Amortization of prior-service credit | $3,398 |  |  | $3,837 |  |  | (a)
Amortization of net gain (loss) | 1,633 |  |  | (10,979) |  |  | (a)
Settlement loss | (674) |  |  | (545) |  |  | (a)
Total amortization and settlement loss | 4,357 |  |  | (7,687) |  |  |
Income taxes | (1,065) |  |  | 1,642 |  |  | Income taxes
Total amortization and settlement loss (net of tax) | $3,292 |  |  | ($6,045) |  |  |
Net unrealized investment loss |  |  |  |  |
Realized loss | $— |  |  | ($3,750) |  |  | Interest and investment income
Income taxes | — |  |  | 1,380 |  |  | Income taxes
Total realized investment loss (net of tax) | $— |  |  | ($2,370) |  |  |
Total reclassifications for the period (net of tax) | $3,292 |  |  | ($8,453) |  |  |
(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy for the six months ended June 30, 2023 and 2022 were as follows:
| Amounts reclassified from AOCI |  | Income Statement Location
| 2023 |  | 2022 |  |
| (In Thousands) |  |
Cash flow hedges net unrealized loss |  |  |  |  |
Interest rate swaps | $— |  |  | ($97) |  |  | Miscellaneous - net
Total realized loss on cash flow hedges | — |  |  | (97) |  |  |
Income taxes | — |  |  | 20 |  |  | Income taxes
Total realized loss on cash flow hedges (net of tax) | $— |  |  | ($77) |  |  |
Pension and other postretirement liabilities |  |  |  |  |
Amortization of prior-service credit | $6,795 |  |  | $7,674 |  |  | (a)
Amortization of net gain (loss) | 3,295 |  |  | (24,904) |  |  | (a)
Settlement loss | (8,490) |  |  | (1,327) |  |  | (a)
Total amortization and settlement loss | 1,600 |  |  | (18,557) |  |  |
Income taxes | (335) |  |  | 4,184 |  |  | Income taxes
Total amortization and settlement loss (net of tax) | $1,265 |  |  | ($14,373) |  |  |
Net unrealized investment loss |  |  |  |  |
Realized loss | $— |  |  | ($9,245) |  |  | Interest and investment income
Income taxes | — |  |  | 3,402 |  |  | Income taxes
Total realized investment loss (net of tax) | $— |  |  | ($5,843) |  |  |
Total reclassifications for the period (net of tax) | $1,265 |  |  | ($20,293) |  |  |
(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.
Entergy Louisiana [Member] |
Schedule of noncontrolling interest | The dollar value of noncontrolling interests for Entergy Louisiana as of June 30, 2023 and December 31, 2022 is presented below:
| 2023 |  | 2022
| (In Thousands)
Entergy Louisiana Noncontrolling Interests |  |  |
Restoration Law Trust I (a) | $32,359 |  |  | $31,735 |
Restoration Law Trust II (b) | 14,856 |  |  | — |
Total Noncontrolling Interests | $47,215 |  |  | $31,735 |
(a)See Note 12 to the financial statements herein and Note 17 to the financial statements in the Form 10-K for discussion of Restoration Law Trust I. (b)Restoration Law Trust II (the storm trust II) was established as part of the Act 293 securitization of Entergy Louisiana’s Hurricane Ida storm restoration costs in March 2023. The storm trust II holds preferred membership interests issued by Entergy Finance Company, and Entergy Finance Company is required to make annual distributions (dividends) on the preferred membership interests. These annual dividends paid on the Entergy Finance Company preferred membership interests will be distributed 1% to the LURC and 99% to Entergy Louisiana. Entergy Louisiana, as the primary beneficiary, consolidates the storm trust II and the LURC’s 1% beneficial interest in noncontrolling interests in the consolidated financial statements for Entergy Louisiana and Entergy. See Note 2 to the financial statements herein for a discussion of the Entergy Louisiana March 2023 storm cost securitization.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the three months ended June 30, 2023 and 2022:
|  | Pension and Other Postretirement Liabilities
|  | 2023 |  | 2022
|  | (In Thousands)
Beginning balance, April 1, |  | $54,584 |  |  | $7,665 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (1,773) |  |  | (491) |
Net other comprehensive income (loss) for the period |  | (1,773) |  |  | (491) |
Ending balance, June 30, |  | $52,811 |  |  | $7,174 |
The following table presents changes in accumulated other comprehensive income (loss) for Entergy Louisiana for the six months ended June 30, 2023 and 2022:
|  | Pension and Other Postretirement Liabilities
|  | 2023 |  | 2022
|  | (In Thousands)
Beginning balance, January 1, |  | $55,370 |  |  | $8,278 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (2,559) |  |  | (1,104) |
Net other comprehensive income (loss) for the period |  | (2,559) |  |  | (1,104) |
Ending balance, June 30, |  | $52,811 |  |  | $7,174 |
Reclassification out of Accumulated Other Comprehensive Income | Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the three months ended June 30, 2023 and 2022 were as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2023 |  | 2022 |  |
|  | (In Thousands) |  |
Pension and other postretirement liabilities |  |  |  |  |  |
Amortization of prior-service credit |  | $951 |  |  | $1,158 |  |  | (a)
Amortization of gain (loss) |  | 1,564 |  |  | (308) |  |  | (a)
Settlement loss |  | (89) |  |  | (178) |  |  | (a)
Total amortization and settlement loss |  | 2,426 |  |  | 672 |  |  |
Income taxes |  | (653) |  |  | (181) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 1,773 |  |  | 491 |  |  |
Total reclassifications for the period (net of tax) |  | $1,773 |  |  | $491 |  |  |
(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details. Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) into income for Entergy Louisiana for the six months ended June 30, 2023 and 2022 were as follows:
|  | Amounts reclassified from AOCI |  | Income Statement Location
|  | 2023 |  | 2022 |  |
|  | (In Thousands) |  |
Pension and other postretirement liabilities |  |  |  |  |  |
Amortization of prior-service credit |  | $1,902 |  |  | $2,316 |  |  | (a)
Amortization of gain (loss) |  | 3,129 |  |  | (627) |  |  | (a)
Settlement loss |  | (1,529) |  |  | (178) |  |  | (a)
Total amortization and settlement loss |  | 3,502 |  |  | 1,511 |  |  |
Income taxes |  | (943) |  |  | (407) |  |  | Income taxes
Total amortization and settlement loss (net of tax) |  | 2,559 |  |  | 1,104 |  |  |
Total reclassifications for the period (net of tax) |  | $2,559 |  |  | $1,104 |  |  |
(a)These accumulated other comprehensive income (loss) components were included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.

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