← Filings of PPL
Tables in the 10-Q of PPL Corp
144 tables with numbers, filed Aug 7, 2018. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 | |
| FORM 10-Q | |
| [X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2018. |
| OR | |
| [ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to ___________ |
| Commission FileNumber | Registrant; State of Incorporation;Address and Telephone Number | IRS EmployerIdentification No. |
| 1-11459 | PPL Corporation(Exact name of Registrant as specified in its charter)(Pennsylvania)Two North Ninth StreetAllentown, PA 18101-1179(610) 774-5151 | 23-2758192 |
| 1-905 | PPL Electric Utilities Corporation(Exact name of Registrant as specified in its charter)(Pennsylvania)Two North Ninth StreetAllentown, PA 18101-1179(610) 774-5151 | 23-0959590 |
| 333-173665 | LG&E and KU Energy LLC(Exact name of Registrant as specified in its charter)(Kentucky)220 West Main StreetLouisville, KY 40202-1377(502) 627-2000 | 20-0523163 |
| 1-2893 | Louisville Gas and Electric Company(Exact name of Registrant as specified in its charter)(Kentucky)220 West Main StreetLouisville, KY 40202-1377(502) 627-2000 | 61-0264150 |
| 1-3464 | Kentucky Utilities Company(Exact name of Registrant as specified in its charter)(Kentucky and Virginia)One Quality StreetLexington, KY 40507-1462(502) 627-2000 | 61-0247570 |
Table 3 after “Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.”
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| PPL Corporation | Common stock, $0.01 par value, 699,570,660 shares outstanding at July 31, 2018. |
| PPL Electric Utilities Corporation | Common stock, no par value, 66,368,056 shares outstanding and all held by PPL Corporation at July 31, 2018. |
| LG&E and KU Energy LLC | PPL Corporation directly holds all of the membership interests in LG&E and KU Energy LLC. |
| Louisville Gas and Electric Company | Common stock, no par value, 21,294,223 shares outstanding and all held by LG&E and KU Energy LLC at July 31, 2018. |
| Kentucky Utilities Company | Common stock, no par value, 37,817,878 shares outstanding and all held by LG&E and KU Energy LLC at July 31, 2018. |
Table 4 after “Unless otherwise specified, references in this Report, individually, to PPL Corporation, PPL Electric Utilities Corporation, LG&E and KU Ene”
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| | Page | | |
| GLOSSARY OF TERMS AND ABBREVIATIONS | i | | | |
| FORWARD-LOOKING INFORMATION | 1 | | | |
| PART I. FINANCIAL INFORMATION | | | | |
| Item 1. Financial Statements | | | |
| | PPL Corporation and Subsidiaries | | |
| | | Condensed Consolidated Statements of Income | 3 |
| | | Condensed Consolidated Statements of Comprehensive Income | 4 |
First 8 of 32 rows. The CSV has all of them.
| Combined Notes to Condensed Financial Statements (Unaudited) | | | |
| | 1. Interim Financial Statements | 33 | |
| | 2. Summary of Significant Accounting Policies | 33 | |
| | 3. Segment and Related Information | 35 | |
| | 4. Revenue from Contracts with Customers | 35 | |
| | 5. Earnings Per Share | 39 | |
| | 6. Income Taxes | 40 | |
| | 7. Utility Rate Regulation | 42 | |
First 8 of 49 rows. The CSV has all of them.
Table 6 after “(Millions of Dollars, except share data)”
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| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues | $1,848 | | $1,725 | | $3,974 | $3,676 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 189 | | 183 | | 403 | 374 |
| Energy purchases | 148 | | 136 | | 389 | 351 |
| Other operation and maintenance | 506 | | 432 | | 974 | 902 |
First 8 of 25 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net income | $515 | | $292 | | $967 | $695 |
| Other comprehensive income (loss): | | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | | |
| Foreign currency translation adjustments, net of tax of ($2), $0, ($2), ($1) | (250) | | 231 | | (134) | 207 |
| Qualifying derivatives, net of tax of ($4), $5, $0, $7 | 19 | | (24) | | (1) | (30) |
| Defined benefit plans: | | | | | | |
First 8 of 18 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2018 | 2017 | |
| Cash Flows from Operating Activities | | | |
| Net income | $967 | | $695 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 542 | | 488 |
| Amortization | 34 | | 45 |
| Defined benefit plans - (income) | (101) | | (45) |
First 8 of 50 rows. The CSV has all of them.
Table 9 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $852 | | $485 |
| Accounts receivable (less reserve: 2018, $55; 2017, $51) | | | |
| Customer | 675 | | 681 |
| Other | 66 | | 100 |
| Unbilled revenues | 453 | | 543 |
First 8 of 31 rows. The CSV has all of them.
Table 10 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $1,864 | | $1,080 |
| Long-term debt due within one year | 203 | | 348 |
| Accounts payable | 804 | | 924 |
| Taxes | 132 | | 105 |
| Interest | 203 | | 282 |
First 8 of 30 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Accumulatedothercomprehensiveloss | | Total | | | | |
| December 31, 2017 | 693,398 | | $7 | | $10,305 | | $3,871 | | | $(3,422) | | $10,761 |
| Common stock issued | 5,730 | | | | 163 | | | | | | 163 | |
| Stock-based compensation | | | | (6) | | | | | (6) | | | |
| Net income | | | | | 967 | | | | 967 | | | |
| Dividends and dividend equivalents | | | | | (572) | | | | (572) | | | |
| Other comprehensive income (loss) | | | | | | (73) | | | (73) | | | |
| June 30, 2018 | 699,128 | | $7 | | $10,462 | | $4,266 | | | $(3,495) | | $11,240 |
First 8 of 15 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues | $517 | | $500 | | $1,156 | $1,073 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Energy purchases | 115 | | 107 | | 276 | 253 |
| Other operation and maintenance | 159 | | 139 | | 292 | 302 |
| Depreciation | 88 | | 76 | | 173 | 151 |
First 8 of 17 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2018 | 2017 | |
| Cash Flows from Operating Activities | | | |
| Net income | $223 | | $156 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 173 | | 151 |
| Amortization | 11 | | 15 |
| Defined benefit plans - expense | — | | 7 |
First 8 of 41 rows. The CSV has all of them.
Table 14 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $489 | | $49 |
| Accounts receivable (less reserve: 2018, $27; 2017, $24) | | | |
| Customer | 289 | | 279 |
| Other | 23 | | 71 |
| Accounts receivable from affiliates | 11 | | — |
First 8 of 26 rows. The CSV has all of them.
Table 15 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Accounts payable | $374 | | $386 |
| Accounts payable to affiliates | 29 | | 31 |
| Taxes | 7 | | 8 |
| Interest | 37 | | 36 |
| Regulatory liabilities | 66 | | 86 |
First 8 of 24 rows. The CSV has all of them.
| Common stock sharesoutstanding(a) | Common stock | | Additionalpaid-incapital | Earningsreinvested | Total | | |
| December 31, 2017 | 66,368 | | $364 | | $2,729 | | $899 | $3,992 |
| Net income | | | | | | | 223 | 223 |
| Capital contributions from PPL | | | | | 425 | | | 425 |
| Dividends declared on common stock | | | | | | | (222) | (222) |
| June 30, 2018 | 66,368 | | $364 | | $3,154 | | $900 | $4,418 |
| December 31, 2016 | 66,368 | | $364 | | $2,154 | | $873 | $3,391 |
| Net income | | | | | | | 156 | 156 |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues | $743 | | $723 | | $1,615 | $1,532 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 189 | | 183 | | 403 | 374 |
| Energy purchases | 33 | | 29 | | 113 | 98 |
| Other operation and maintenance | 211 | | 192 | | 416 | 397 |
First 8 of 18 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net income | $86 | | $87 | | $228 | $190 |
| Other comprehensive income (loss): | | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | | |
| Defined benefit plans: | | | | | | |
| Net actuarial gain (loss), net of tax of $0, $7, $0, $7 | 1 | | (11) | | — | (11) |
| Reclassifications from AOCI - (gains) losses, net of tax expense (benefit): | | | | | | |
First 8 of 14 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2018 | 2017 | |
| Cash Flows from Operating Activities | | | |
| Net income | $228 | | $190 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 235 | | 210 |
| Amortization | 9 | | 14 |
| Defined benefit plans - expense | 8 | | 12 |
First 8 of 43 rows. The CSV has all of them.
| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $39 | | $30 |
| Accounts receivable (less reserve: 2018, $26; 2017, $25) | | | |
| Customer | 229 | | 246 |
| Other | 45 | | 44 |
| Unbilled revenues | 163 | | 203 |
First 8 of 26 rows. The CSV has all of them.
| June 30, 2018 | December 31, 2017 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $316 | | $244 |
| Long-term debt due within one year | 203 | | 98 |
| Notes payable with affiliates | 99 | | 225 |
| Accounts payable | 266 | | 338 |
| Accounts payable to affiliates | 8 | | 7 |
First 8 of 32 rows. The CSV has all of them.
| Member'sEquity |
| December 31, 2017 | $4,563 |
| Net income | 228 |
| Distributions to member | (161) |
| Other comprehensive income | 2 |
| June 30, 2018 | $4,632 |
| December 31, 2016 | $4,667 |
| Net income | 190 |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $331 | | $320 | | $738 | $694 |
| Electric revenue from affiliate | 4 | | 4 | | 16 | 21 |
| Total Operating Revenues | 335 | | 324 | | 754 | 715 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2018 | 2017 | |
| Cash Flows from Operating Activities | | | |
| Net income | $122 | | $96 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 97 | | 89 |
| Amortization | 7 | | 7 |
| Defined benefit plans - expense | 2 | | 3 |
First 8 of 41 rows. The CSV has all of them.
Table 25 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $19 | | $15 |
| Accounts receivable (less reserve: 2018, $1; 2017, $1) | | | |
| Customer | 104 | | 116 |
| Other | 14 | | 13 |
| Unbilled revenues | 67 | | 91 |
First 8 of 27 rows. The CSV has all of them.
Table 26 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $183 | | $199 |
| Long-term debt due within one year | 194 | | 98 |
| Accounts payable | 132 | | 179 |
| Accounts payable to affiliates | 21 | | 23 |
| Customer deposits | 28 | | 27 |
First 8 of 32 rows. The CSV has all of them.
| Common stock sharesoutstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Total | | |
| December 31, 2017 | 21,294 | | $424 | | $1,712 | | $391 | $2,527 |
| Net income | | | | | | | 122 | 122 |
| Capital contributions from LKE | | | | | 43 | | | 43 |
| Cash dividends declared on common stock | | | | | | | (81) | (81) |
| June 30, 2018 | 21,294 | | $424 | | $1,755 | | $432 | $2,611 |
| December 31, 2016 | 21,294 | | $424 | | $1,682 | | $370 | $2,476 |
| Net income | | | | | | | 96 | 96 |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $412 | | $403 | | $877 | $838 |
| Electric revenue from affiliate | 2 | | 3 | | 8 | 5 |
| Total Operating Revenues | 414 | | 406 | | 885 | 843 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2018 | 2017 | |
| Cash Flows from Operating Activities | | | |
| Net income | $148 | | $119 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 138 | | 121 |
| Amortization | 2 | | 6 |
| Defined benefit plans - expense | — | | 2 |
First 8 of 39 rows. The CSV has all of them.
Table 30 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $20 | | $15 |
| Accounts receivable (less reserve: 2018, $1; 2017, $1) | | | |
| Customer | 125 | | 130 |
| Other | 31 | | 30 |
| Unbilled revenues | 96 | | 112 |
First 8 of 26 rows. The CSV has all of them.
Table 31 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2018 | December 31, 2017 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $133 | | $45 |
| Long-term debt due within one year | 9 | | — |
| Accounts payable | 121 | | 137 |
| Accounts payable to affiliates | 42 | | 53 |
| Customer deposits | 31 | | 31 |
First 8 of 30 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Accumulatedothercomprehensiveloss | | Total | | |
| December 31, 2017 | 37,818 | | $308 | | $2,616 | | $433 | | $— | $3,357 |
| Capital contributions from LKE | | | | | 45 | | | | | 45 |
| Net income | | | | | | | 148 | | | 148 |
| Cash dividends declared on common stock | | | | | | | (136) | | | (136) |
| June 30, 2018 | 37,818 | | $308 | | $2,661 | | $445 | | $— | $3,414 |
| December 31, 2016 | 37,818 | | $308 | | $2,616 | | $400 | | $(1) | $3,323 |
| Net income | | | | | | | 119 | | | 119 |
First 8 of 11 rows. The CSV has all of them.
Table 33 after “The following provides the non-service cost components of net periodic benefits (costs) or credits presented in "Other Income (Expense) - ne”
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| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| PPL | $66 | | $44 | | $134 | $82 |
| PPL Electric | 1 | | 1 | | 3 | — |
| LKE | — | | — | | 2 | (2) |
| LG&E | (2) | | — | | (1) | (2) |
| KU | 1 | | — | | 2 | (1) |
Table 34 after “The following provides a reconciliation of Cash, Cash Equivalents and Restricted Cash reported within the Balance Sheets that sum to the tot”
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| PPL | PPL Electric | | | | |
| June 30, 2018 | December 31, 2017 | | June 30, 2018 | December 31, 2017 | |
| Cash and cash equivalents | $852 | | $485 | | $489 | $49 |
| Restricted cash - current (a) | 3 | | 3 | | 2 | 2 |
| Restricted cash - noncurrent (a) | 20 | | 23 | | — | — |
| Total Cash, Cash Equivalents and Restricted Cash | $875 | | $511 | | $491 | $51 |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Operating Revenues from external customers | | | | | | |
| U.K. Regulated | $584 | | $502 | | $1,199 | $1,070 |
| Kentucky Regulated | 743 | | 723 | | 1,615 | 1,532 |
| Pennsylvania Regulated | 517 | | 500 | | 1,156 | 1,073 |
| Corporate and Other | 4 | | — | | 4 | 1 |
| Total | $1,848 | | $1,725 | | $3,974 | $3,676 |
First 8 of 14 rows. The CSV has all of them.
Table 36 after “The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:”
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| June 30, 2018 | December 31, 2017 | |
| Assets | | | |
| U.K. Regulated (a) | $16,839 | | $16,813 |
| Kentucky Regulated | 14,636 | | 14,468 |
| Pennsylvania Regulated | 10,995 | | 10,082 |
| Corporate and Other (b) | 360 | | 116 |
| Total | $42,830 | | $41,479 |
| Three Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $1,848 | | $517 | | $743 | | $335 | $414 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | 9 | | — | | 9 | | 6 | 3 |
| Other (c) | (13) | | (2) | | (4) | | (2) | (2) |
| Revenues from Contracts with Customers | $1,844 | | $515 | | $748 | | $339 | $415 |
| Six Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $3,974 | | $1,156 | | $1,615 | | $754 | $885 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | 41 | | 2 | | 39 | | 20 | 19 |
| Other (c) | (28) | | (6) | | (9) | | (3) | (6) |
| Revenues from Contracts with Customers | $3,987 | | $1,152 | | $1,645 | | $771 | $898 |
| Three Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $547 | | $— | | $— | | $— | $— |
| Residential | 588 | | 300 | | 288 | | 146 | 142 |
| Commercial | 296 | | 89 | | 207 | | 107 | 100 |
| Industrial | 155 | | 12 | | 143 | | 45 | 98 |
| Other (b) | 114 | | 13 | | 67 | | 30 | 37 |
| Wholesale - municipal | 31 | | — | | 31 | | — | 31 |
First 8 of 11 rows. The CSV has all of them.
| Six Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $1,131 | | $— | | $— | | $— | $— |
| Residential | 1,392 | | 708 | | 684 | | 343 | 341 |
| Commercial | 621 | | 187 | | 434 | | 231 | 203 |
| Industrial | 310 | | 25 | | 285 | | 89 | 196 |
| Other (b) | 220 | | 26 | | 135 | | 61 | 74 |
| Wholesale - municipal | 61 | | — | | 61 | | — | 61 |
First 8 of 11 rows. The CSV has all of them.
| Three Months | Six Months | |
| PPL | $3 | | $13 |
| PPL Electric | 3 | | 10 |
| LKE | 1 | | 3 |
| LG&E | — | | 1 |
| KU | 1 | | 2 |
Table 42 after “The following table shows the balances of contract liabilities resulting from contracts with customers.”
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| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Contract liabilities as of December 31, 2017 | $29 | | $19 | | $8 | | $4 | $4 |
| Contract liabilities as of June 30, 2018 | 38 | | 14 | | 8 | | 4 | 3 |
| Six Months |
| PPL | $18 |
| PPL Electric | 8 |
| LKE | 8 |
| LG&E | 4 |
| KU | 4 |
Table 44 after “used in the EPS calculation are:”
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| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Income (Numerator) | | | | | | |
| Net income | $515 | | $292 | | $967 | $695 |
| Less amounts allocated to participating securities | — | | — | | 1 | 1 |
| Net income available to PPL common shareowners - Basic and Diluted | $515 | | $292 | | $966 | $694 |
| Shares of Common Stock (Denominator) | | | | | | |
| Weighted-average shares - Basic EPS | 699,006 | | 683,841 | | 696,772 | 682,370 |
First 8 of 16 rows. The CSV has all of them.
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Stock-based compensation plans (a) | 12 | | 564 | | 488 | 1,451 |
| DRIP | 526 | | 369 | | 1,011 | 814 |
Table 46 after “, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.”
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| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Stock options | 441 | | 696 | | 336 | 696 |
| Restricted stock units | 23 | | — | | 21 | — |
| (PPL) | | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $138 | | $129 | | $257 | $315 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 10 | | 10 | | 25 | 23 |
| Valuation allowance adjustments | 5 | | — | | 12 | 5 |
| Impact of lower U.K. income tax rates relative to U.S. income tax rates (a) | (6) | | (40) | | (13) | (88) |
First 8 of 19 rows. The CSV has all of them.
| (PPL Electric) | | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $22 | | $44 | | $63 | $88 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 8 | | 9 | | 24 | 17 |
| Depreciation and other items not normalized | (1) | | (2) | | (3) | (4) |
| Amortization of excess deferred income taxes (a) | (3) | | — | | (8) | — |
First 8 of 12 rows. The CSV has all of them.
| (LKE) | | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $25 | | $49 | | $63 | $107 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit (b) | 3 | | 5 | | 11 | 11 |
| Deferred tax impact of state tax reform (c) | 9 | | — | | 9 | — |
| Amortization of excess deferred income taxes (a) | (6) | | — | | (11) | — |
First 8 of 11 rows. The CSV has all of them.
| (LG&E) | | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $13 | | $24 | | $33 | $55 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit (b) | 2 | | 3 | | 6 | 6 |
| Amortization of excess deferred income taxes (a) | (3) | | — | | (5) | — |
| Other | — | | — | | (1) | (1) |
First 8 of 10 rows. The CSV has all of them.
| (KU) | | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $16 | | $32 | | $39 | $67 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit (b) | 2 | | 3 | | 7 | 7 |
| Amortization of excess deferred income taxes (a) | (3) | | — | | (6) | — |
| Other | (1) | | (1) | | (2) | (1) |
First 8 of 10 rows. The CSV has all of them.
| PPL | PPL Electric | | | | |
| June 30, 2018 | December 31, 2017 | | June 30, 2018 | December 31, 2017 | |
| Current Regulatory Assets: | | | | | | |
| Environmental cost recovery | $— | | $5 | | $— | $— |
| Generation formula rate | — | | 6 | | — | — |
| Smart meter rider | 15 | | 15 | | 15 | 15 |
| Plant outage costs | 6 | | 3 | | — | — |
| Gas supply clause | 5 | | 4 | | — | — |
First 8 of 22 rows. The CSV has all of them.
| PPL | PPL Electric | | | | |
| June 30, 2018 | December 31, 2017 | | June 30, 2018 | December 31, 2017 | |
| Current Regulatory Liabilities: | | | | | | |
| Generation supply charge | $30 | | $34 | | $30 | $34 |
| Transmission service charge | 4 | | 9 | | 4 | 9 |
| Environmental cost recovery | 25 | | 1 | | — | — |
| Universal service rider | 20 | | 26 | | 20 | 26 |
| Transmission formula rate | 11 | | 9 | | 11 | 9 |
First 8 of 22 rows. The CSV has all of them.
| LKE | LG&E | | KU | | | | | | |
| June 30, 2018 | December 31, 2017 | | June 30, 2018 | December 31, 2017 | June 30, 2018 | | December 31, 2017 | | |
| Current Regulatory Assets: | | | | | | | | | | |
| Environmental cost recovery | $— | | $5 | | $— | | $5 | | $— | $— |
| Generation formula rate | — | | 6 | | — | | — | | — | 6 |
| Plant outage costs | 6 | | 3 | | 6 | | 3 | | — | — |
| Gas supply clause | 5 | | 4 | | 5 | | 4 | | — | — |
| Total current regulatory assets | $11 | | $18 | | $11 | | $12 | | $— | $6 |
First 8 of 17 rows. The CSV has all of them.
| LKE | LG&E | | KU | | | | | | |
| June 30, 2018 | December 31, 2017 | | June 30, 2018 | December 31, 2017 | June 30, 2018 | | December 31, 2017 | | |
| Current Regulatory Liabilities: | | | | | | | | | | |
| Environmental cost recovery | $25 | | $1 | | $14 | | $— | | $11 | $1 |
| Fuel adjustment clause | 5 | | 3 | | 1 | | — | | 4 | 3 |
| Gas line tracker | 2 | | 3 | | 2 | | 3 | | — | — |
| TCJA customer refund (c) | 33 | | — | | 15 | | — | | 18 | — |
| Other | 6 | | 2 | | 2 | | — | | 4 | 2 |
First 8 of 17 rows. The CSV has all of them.
| June 30, 2018 | December 31, 2017 | | | | | | | | | | | | | | | | |
| ExpirationDate | Capacity | | Borrowed | | Letters ofCreditandCommercialPaperIssued | | UnusedCapacity | Borrowed | | Letters ofCreditandCommercialPaperIssued | | | | | | | |
| PPL | | | | | | | | | | | | | | | | | | |
| U.K. | | | | | | | | | | | | | | | | | | |
| WPD plc | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (a) | Jan. 2023 | £ | 210 | | | £ | 150 | | £ | — | | £ | 60 | | £ | 148 | £ | — |
| Term Loan Facility (b) | Dec. 2018 | 130 | | | 130 | | | — | | — | | — | | — | | | | |
| WPD (South West) | | | | | | | | | | | | | | | | | | |
First 8 of 33 rows. The CSV has all of them.
Table 57 after “PPL, PPL Electric, LG&E and KU maintain commercial paper programs to provide an additional financing source to fund short-term liquidity nee”
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| June 30, 2018 | December 31, 2017 | | | | | | | |
| Weighted -AverageInterest Rate | Capacity | CommercialPaperIssuances | | UnusedCapacity | Weighted -AverageInterest Rate | CommercialPaperIssuances | | |
| PPL Capital Funding | 2.42% | $1,000 | | $999 | | $1 | | 1.64% | $230 |
| PPL Electric | | 650 | | — | | 650 | | | — |
| LG&E | 2.33% | 350 | | 183 | | 167 | | 1.83% | 199 |
| KU | 2.34% | 350 | | 133 | | 217 | | 1.97% | 45 |
| Total | | $2,350 | | $1,315 | | $1,035 | | | $474 |
| Pension Benefits | | | | | | | | | | | | |
| Three Months | Six Months | | | | | | | | | | | |
| U.S. | U.K. | | U.S. | U.K. | | | | | | | | |
| 2018 | 2017 | | 2018 | 2017 | 2018 | | 2017 | 2018 | 2017 | | | |
| PPL | | | | | | | | | | | | | |
| Service cost | $15 | | $15 | | $21 | | $18 | | $31 | | $32 | $42 | $37 |
| Interest cost | 39 | | 42 | | 47 | | 44 | | 78 | | 84 | 94 | 87 |
| Expected return on plan assets | (62) | | (58) | | (150) | | (127) | | (124) | | (115) | (300) | (252) |
First 8 of 14 rows. The CSV has all of them.
| Pension Benefits | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| LKE | | | | | | |
| Service cost | $5 | | $5 | | $12 | $12 |
| Interest cost | 16 | | 18 | | 32 | 34 |
| Expected return on plan assets | (25) | | (24) | | (51) | (46) |
| Amortization of: | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Pension Benefits | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| LG&E | | | | | | |
| Service cost | $1 | | $1 | | $1 | $1 |
| Interest cost | 3 | | 3 | | 6 | 6 |
| Expected return on plan assets | (6) | | (6) | | (11) | (11) |
| Amortization of: | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Other Postretirement Benefits | | | | | |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| PPL | | | | | | |
| Service cost | $3 | | $2 | | $4 | $4 |
| Interest cost | 7 | | 6 | | 10 | 12 |
| Expected return on plan assets | (9) | | (5) | | (13) | (11) |
| Amortization of prior service cost | 1 | | (1) | | — | (1) |
First 8 of 17 rows. The CSV has all of them.
Table 62 after “, PPL Services allocated the following net periodic defined benefit costs to PPL Electric, and LKE allocated the following net periodic defi”
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| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| PPL Electric | $3 | | $5 | | $7 | $13 |
| LG&E | 2 | | 2 | | 4 | 5 |
| KU | 1 | | 1 | | 2 | 5 |
| Exposure at June 30, 2018 | | Expiration Date | |
| PPL | | | | |
| Indemnifications related to the WPD Midlands acquisition | | (a) | | |
| WPD indemnifications for entities in liquidation and sales of assets | $10 | | (b) | 2020 |
| WPD guarantee of pension and other obligations of unconsolidated entities | 82 | | (c) | |
| PPL Electric | | | | |
| Guarantee of inventory value | 20 | | (d) | 2020 |
| LKE | | | | |
First 8 of 11 rows. The CSV has all of them.
Table 64 after “, including amounts applied to accounts that are further distributed between capital and expense on the books of the recipients, based on me”
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| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| PPL Electric from PPL Services | $15 | | $44 | | $31 | $95 |
| LKE from PPL Services | 7 | | 5 | | 14 | 11 |
| PPL Electric from PPL EU Services | 41 | | 15 | | 76 | 33 |
| LG&E from LKS | 39 | | 38 | | 77 | 82 |
| KU from LKS | 43 | | 47 | | 85 | 91 |
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Other Income | | | | | | |
| Economic foreign currency exchange contracts (Note 14) | $164 | | $(113) | | $52 | $(156) |
| Defined benefit plans - non-service credits (Note 9) | 66 | | 44 | | 134 | 82 |
| Interest income | 2 | | — | | 2 | 1 |
| AFUDC - equity component | 5 | | 4 | | 10 | 6 |
| Miscellaneous | — | | — | | 1 | 9 |
First 8 of 14 rows. The CSV has all of them.
| Three Months | Six Months | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Other Income | | | | | | |
| AFUDC - equity component | $5 | | $4 | | $10 | $6 |
| Defined benefit plans - non-service credits (Note 9) | 1 | | 1 | | 3 | — |
| Miscellaneous | 1 | | — | | 1 | — |
| Total Other Income | 7 | | 5 | | 14 | 6 |
| Other Expense | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 67 after “The assets and liabilities measured at fair value were:”
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| June 30, 2018 | December 31, 2017 | | | | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| PPL | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
| Cash and cash equivalents | $852 | | $852 | | $— | | $— | | $485 | | $485 | $— | $— |
| Restricted cash and cash equivalents (a) | 23 | | 23 | | — | | — | | 26 | | 26 | — | — |
| Special use funds (a) | 65 | | 65 | | — | | — | | — | | — | — | — |
| Price risk management assets (b): | | | | | | | | | | | | | |
First 8 of 34 rows. The CSV has all of them.
| June 30, 2018 | December 31, 2017 | | | | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Liabilities | | | | | | | | | | | | | |
| Price risk management liabilities: | | | | | | | | | | | | | |
| Interest rate swaps | $21 | | $— | | $21 | | $— | | $26 | | $— | $26 | $— |
| Total price risk management liabilities | $21 | | $— | | $21 | | $— | | $26 | | $— | $26 | $— |
| KU | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 69 after “The carrying amounts of long-term debt on the Balance Sheets and their estimated fair values are set forth below. Long-term debt is classifi”
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| June 30, 2018 | December 31, 2017 | | | | |
| Carrying Amount (a) | Fair Value | | Carrying Amount (a) | Fair Value | |
| PPL | $20,420 | | $23,448 | | $20,195 | $23,783 |
| PPL Electric | 3,693 | | 3,950 | | 3,298 | 3,769 |
| LKE | 5,510 | | 5,801 | | 5,159 | 5,670 |
| LG&E | 1,808 | | 1,884 | | 1,709 | 1,865 |
| KU | 2,329 | | 2,480 | | 2,328 | 2,605 |
Table 70 after “The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets.”
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| June 30, 2018 | December 31, 2017 | | | | | | | | | | | |
| Derivatives designated ashedging instruments | Derivatives not designatedas hedging instruments | | Derivatives designated ashedging instruments | Derivatives not designatedas hedging instruments | | | | | | | | |
| Assets | Liabilities | | Assets | Liabilities | Assets | | Liabilities | Assets | Liabilities | | | |
| Current: | | | | | | | | | | | | | |
| Price Risk Management | | | | | | | | | | | | | |
| Assets/Liabilities (a): | | | | | | | | | | | | | |
| Interest rate swaps (b) | $— | | $— | | $— | | $4 | | $— | | $— | $— | $4 |
| Cross-currency swaps (b) | 5 | | — | | — | | — | | 4 | | — | — | — |
First 8 of 18 rows. The CSV has all of them.
| | | | | | | Three Months | Six Months | | | | |
| Derivative Relationships | | Derivative Gain(Loss) Recognized inOCI (Effective Portion) | | Location of Gain (Loss) Recognized in Income on Derivative | | Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | | | |
| Three Months | | Six Months | | | | | | | | | |
| Cash Flow Hedges: | | | | | | | | | | | | |
| Interest rate swaps | | $— | | | $— | | Interest expense | $(2) | | $— | $(4) | $— |
| Cross-currency swaps | | 23 | | | (1) | | Other income (expense) - net | 24 | | — | 12 | — |
| Total | | $23 | | | $(1) | | | $22 | | $— | $8 | $— |
| Net Investment Hedges: | | | | | | | | | | | | |
First 8 of 9 rows. The CSV has all of them.
| Derivatives Not Designated as | Location of Gain (Loss) Recognized in | | | |
| Hedging Instruments | Income on Derivative | Three Months | Six Months | |
| Foreign currency contracts | Other income (expense) - net | $164 | | $52 |
| Interest rate swaps | Interest expense | (2) | | (3) |
| Total | $162 | | $49 |
| Derivatives Not Designated as | Location of Gain (Loss) Recognized as | | | |
| Hedging Instruments | Regulatory Liabilities/Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $1 | | $5 |
| | | | | | | Three Months | Six Months | | | | | | | |
| Derivative Relationships | | Derivative Gain(Loss) Recognized inOCI (Effective Portion) | | Location of Gain (Loss) Recognized in Income on Derivative | | Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | | Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | | | | | |
| Three Months | | Six Months | | | | | | | | | | | | |
| Cash Flow Hedges: | | | | | | | | | | | | | | | |
| Interest rate swaps | | $(2) | | | $(2) | | Interest expense | $(2) | | | $— | | $(4) | | $(1) |
| Cross-currency swaps | | (27) | | | (35) | | Interest expense | (1) | | | — | | — | | — |
| | | | | | Other income (expense) - net | (29) | | — | | | (26) | | — | |
| Total | | $(29) | | | $(37) | | | $(32) | | | $— | | $(30) | | $(1) |
First 8 of 10 rows. The CSV has all of them.
| Derivatives Not Designated as | Location of Gain (Loss) Recognized in | | | |
| Hedging Instruments | Income on Derivative | Three Months | Six Months | |
| Foreign currency contracts | Other income (expense) - net | $(113) | | $(156) |
| Interest rate swaps | Interest expense | (1) | | (3) |
| Total | $(114) | | $(159) |
| Derivatives Not Designated as | Location of Gain (Loss) Recognized as | | | |
| Hedging Instruments | Regulatory Liabilities/Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(1) | | $1 |
Table 75 after “The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.”
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| June 30, 2018 | December 31, 2017 | | | | |
| Assets | Liabilities | | Assets | Liabilities | |
| Current: | | | | | | |
| Price Risk Management | | | | | | |
| Assets/Liabilities: | | | | | | |
| Interest rate swaps | $— | | $4 | | $— | $4 |
| Total current | — | | 4 | | — | 4 |
| Noncurrent: | | | | | | |
First 8 of 13 rows. The CSV has all of them.
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Six Months | |
| Interest rate swaps | Interest expense | $(2) | | $(3) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $1 | | $5 |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Six Months | |
| Interest rate swaps | Interest expense | $(1) | | $(3) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(1) | | $1 |
Table 78 after “PPL, LKE, LG&E and KU have elected not to offset derivative assets and liabilities and not to offset net derivative positions against the ri”
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| Assets | Liabilities | | | | | | | | | | | |
| | Eligible for Offset | | | | Eligible for Offset | | | | | | | |
| Gross | DerivativeInstruments | | CashCollateralReceived | Net | Gross | | DerivativeInstruments | CashCollateralPledged | Net | | | |
| June 30, 2018 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $263 | | $43 | | $28 | | $192 | | $74 | | $43 | $— | $31 |
| LKE | — | | — | | — | | — | | 21 | | — | — | 21 |
| LG&E | — | | — | | — | | — | | 21 | | — | — | 21 |
Table 79 after “PPL, LKE, LG&E and KU have elected not to offset derivative assets and liabilities and not to offset net derivative positions against the ri”
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| December 31, 2017 | | | | | | | | |
| Treasury Derivatives | | | | | | | | |
| PPL | $264 | $107 | $20 | $137 | $174 | $107 | $— | $67 |
| LKE | — | — | — | — | 26 | — | — | 26 |
| LG&E | — | — | — | — | 26 | — | — | 26 |
| PPL | LKE | | LG&E | |
| Aggregate fair value of derivative instruments in a net liability position with credit risk-related contingent features | $17 | | $7 | | $7 |
| Aggregate fair value of collateral posted on these derivative instruments | — | | — | | — |
| Aggregate fair value of additional collateral requirements in the event of a credit downgrade below investment grade (a) | 17 | | 7 | | 7 |
Table 81 after “The changes in the carrying amounts of AROs were as follows.”
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| PPL | LKE | | LG&E | KU | |
| Balance at December 31, 2017 | $397 | | $356 | | $121 | $235 |
| Accretion | 10 | | 9 | | 3 | 6 |
| Effect of foreign exchange rates | (1) | | — | | — | — |
| Changes in estimated timing or cost | 1 | | (7) | | (2) | (5) |
| Obligations settled | (26) | | (26) | | (10) | (16) |
| Balance at June 30, 2018 | $381 | | $332 | | $112 | $220 |
| Foreigncurrencytranslationadjustments | Unrealized gains (losses) on qualifyingderivatives | | | Defined benefit plans | | | | |
| | Equityinvestees'AOCI | | Priorservicecosts | Actuarialgain(loss) | Total | | | |
| PPL | | | | | | | | | |
| March 31, 2018 | $(973) | | $(21) | | $— | | $(7) | $(2,278) | $(3,279) |
| Amounts arising during the period | (250) | | 19 | | — | | (1) | — | (232) |
| Reclassifications from AOCI | — | | (19) | | — | | 1 | 34 | 16 |
| Net OCI during the period | (250) | | — | | — | | — | 34 | (216) |
| June 30, 2018 | $(1,223) | | $(21) | | $— | | $(7) | $(2,244) | $(3,495) |
| Foreigncurrencytranslationadjustments | Unrealized gains (losses) on qualifyingderivatives | | | Defined benefit plans | | | | | | | |
| | Equityinvestees'AOCI | | Priorservicecosts | Actuarialgain(loss) | | Total | | | | | |
| December 31, 2017 | $(1,089) | | $(13) | | $— | | | $(7) | | $(2,313) | | $(3,422) |
| Amounts arising during the period | (134) | | (1) | | — | | | (1) | | (1) | | (137) |
| Reclassifications from AOCI | — | | (7) | | — | | | 1 | | 70 | | 64 |
| Net OCI during the period | (134) | | (8) | | — | | | — | | 69 | | (73) |
| June 30, 2018 | $(1,223) | | $(21) | | $— | | | $(7) | | $(2,244) | | $(3,495) |
| March 31, 2017 | $(1,651) | | $(14) | | $(1) | | | $(8) | | $(2,103) | | $(3,777) |
First 8 of 37 rows. The CSV has all of them.
| Three Months | Six Months | | Affected Line Item on the | | | | |
| Details about AOCI | 2018 | 2017 | | 2018 | 2017 | Statements of Income | | |
| Qualifying derivatives | | | | | | | | |
| Interest rate swaps | $(2) | | $(2) | | $(4) | | $(5) | Interest Expense |
| Cross-currency swaps | 24 | | (29) | | 12 | | (26) | Other Income (Expense) - net |
| — | | (1) | | — | | — | Interest Expense |
| Total Pre-tax | 22 | | (32) | | 8 | | (31) | |
| Income Taxes | (3) | | 7 | | (1) | | 7 | |
First 8 of 20 rows. The CSV has all of them.
Table 85 after “includes the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating Revenues | $1,848 | | $1,725 | | $123 | | $3,974 | | $3,676 | $298 |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 189 | | 183 | | 6 | | 403 | | 374 | 29 |
| Energy purchases | 148 | | 136 | | 12 | | 389 | | 351 | 38 |
| Other operation and maintenance | 506 | | 432 | | 74 | | 974 | | 902 | 72 |
First 8 of 15 rows. The CSV has all of them.
| Three Months | Six Months | |
| Domestic: | | | |
| PPL Electric Distribution price | $10 | | $11 |
| PPL Electric Distribution volume | 12 | | 32 |
| PPL Electric PLR Revenue (a) | 9 | | 26 |
| PPL Electric Transmission Formula Rate | 22 | | 50 |
| PPL Electric TCJA refund (b) | (37) | | (37) |
| LKE Volumes (c) | 36 | | 103 |
First 8 of 23 rows. The CSV has all of them.
| Three Months | Six Months | |
| Domestic: | | | |
| LKE timing and scope of generation maintenance outages | $6 | | $7 |
| LKE vegetation management | 3 | | 3 |
| LKE gas distribution maintenance and compliance | 2 | | 3 |
| LKE storm costs | 2 | | 2 |
| PPL Electric vegetation management | (5) | | (10) |
| PPL Electric storm costs | 12 | | 16 |
First 8 of 20 rows. The CSV has all of them.
| Three Months | Six Months | |
| Long-term debt interest expense | $4 | | $16 |
| Foreign currency exchange rates | 8 | | 17 |
| Other | 1 | | 2 |
| Total | $13 | | $35 |
| Three Months | Six Months | |
| Change in pre-tax income | $99 | | $108 |
| Reduction in U.S. federal income tax rate (a) | (56) | | (88) |
| Valuation allowances adjustments | 5 | | 7 |
| U.S. income tax on foreign earnings - net of foreign tax credit (b) | 7 | | 17 |
| Federal and state tax reserve adjustments | 3 | | 3 |
| Impact of U.K. Finance Acts | 4 | | 6 |
| Amortization of excess deferred income taxes (a) | (9) | | (19) |
First 8 of 12 rows. The CSV has all of them.
| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| U.K. Regulated | $394 | | $148 | | $246 | | $591 | | $434 | $157 |
| Kentucky Regulated | 77 | | 79 | | (2) | | 210 | | 174 | 36 |
| Pennsylvania Regulated | 75 | | 77 | | (2) | | 223 | | 156 | 67 |
| Corporate and Other (a) | (31) | | (12) | | (19) | | (57) | | (69) | 12 |
| Net Income | $515 | | $292 | | $223 | | $967 | | $695 | $272 |
| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| U.K. Regulated | $254 | | $212 | | $42 | | $516 | | $519 | $(3) |
| Kentucky Regulated | 86 | | 79 | | 7 | | 219 | | 175 | 44 |
| Pennsylvania Regulated | 75 | | 77 | | (2) | | 223 | | 156 | 67 |
| Corporate and Other | (31) | | (12) | | (19) | | (57) | | (69) | 12 |
| Earnings from Ongoing Operations | $384 | | $356 | | $28 | | $901 | | $781 | $120 |
| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating revenues | $584 | | $502 | | $82 | | $1,199 | | $1,070 | $129 |
| Other operation and maintenance | 137 | | 106 | | 31 | | 269 | | 213 | 56 |
| Depreciation | 63 | | 57 | | 6 | | 125 | | 112 | 13 |
| Taxes, other than income | 34 | | 30 | | 4 | | 68 | | 61 | 7 |
| Total operating expenses | 234 | | 193 | | 41 | | 462 | | 386 | 76 |
| Other Income (Expense) - net | 229 | | (69) | | 298 | | 182 | | (69) | 251 |
First 8 of 13 rows. The CSV has all of them.
| Income Statement Line Item | | Three Months | | Six Months | | | | |
| | 2018 | | 2017 | | 2018 | 2017 | | |
| Foreign currency economic hedges, net of tax of ($37), $34, ($20), $46 (a) | Other Income (Expense) - net | | $140 | | | $(64) | | $75 | $(85) |
| Total Special Items | | | $140 | | | $(64) | | $75 | $(85) |
Table 94 after “The changes in the components of the U.K. Regulated segment's results between these periods are due to the factors set forth below, which re”
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| Three Months | Six Months | |
| U.K. | | | |
| U.K. Adjusted Gross Margins | $22 | | $5 |
| Other operation and maintenance | (7) | | (11) |
| Depreciation | (1) | | (2) |
| Other Income (Expense) - net | 15 | | 31 |
| Interest expense | 8 | | 3 |
| Other | — | | (3) |
First 8 of 16 rows. The CSV has all of them.
Table 95 after “include the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating revenues | $743 | | $723 | | $20 | | $1,615 | | $1,532 | $83 |
| Fuel | 189 | | 183 | | 6 | | 403 | | 374 | 29 |
| Energy purchases | 33 | | 29 | | 4 | | 113 | | 98 | 15 |
| Other operation and maintenance | 211 | | 192 | | 19 | | 416 | | 397 | 19 |
| Depreciation | 118 | | 105 | | 13 | | 235 | | 210 | 25 |
| Taxes, other than income | 18 | | 16 | | 2 | | 35 | | 32 | 3 |
First 8 of 15 rows. The CSV has all of them.
| Income Statement Line Item | | Three Months | | Six Months | | | | |
| | 2018 | | 2017 | | 2018 | 2017 | | |
| Adjustment to investment, net of tax of $0, $0, $0, $0 (a) | Other Income (Expense) - net | | $— | | | $— | | $— | $(1) |
| Kentucky state tax reform (b) | Income Taxes | | (9) | | | — | | (9) | — |
| Total Special Items | | | $(9) | | | $— | | $(9) | $(1) |
| Three Months | Six Months | |
| Kentucky Adjusted Gross Margins | $15 | | $43 |
| Other operation and maintenance | (22) | | (23) |
| Depreciation | (12) | | (23) |
| Taxes, other than income | (5) | | (5) |
| Other Income (Expense) - net | 5 | | 5 |
| Interest Expense | (3) | | (5) |
| Income Taxes | 29 | | 52 |
First 8 of 11 rows. The CSV has all of them.
| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating revenues | $517 | | $500 | | $17 | | $1,156 | | $1,073 | $83 |
| Energy purchases | 115 | | 107 | | 8 | | 276 | | 253 | 23 |
| Other operation and maintenance | 159 | | 140 | | 19 | | 292 | | 303 | (11) |
| Depreciation | 88 | | 76 | | 12 | | 173 | | 151 | 22 |
| Taxes, other than income | 22 | | 23 | | (1) | | 54 | | 52 | 2 |
| Total operating expenses | 384 | | 346 | | 38 | | 795 | | 759 | 36 |
First 8 of 14 rows. The CSV has all of them.
Table 99 after “The changes in the components of the Pennsylvania Regulated segment's results between these periods are due to the factors set forth below, ”
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| Three Months | Six Months | |
| Pennsylvania Adjusted Gross Margins | $(5) | | $43 |
| Other operation and maintenance | (7) | | 20 |
| Depreciation | (9) | | (15) |
| Taxes, other than income | — | | (1) |
| Other Income (Expense) - net | 2 | | 8 |
| Interest Expense | (3) | | (7) |
| Income Taxes | 20 | | 19 |
First 8 of 9 rows. The CSV has all of them.
| 2018 Three Months | | | | | | | |
| U.K.Regulated | KYRegulated | | PARegulated | Corporateand Other | Total | | |
| Net Income | $394 | | $77 | | $75 | | $(31) | $515 |
| Less: Special Items (expense) benefit: | | | | | | | | |
| Foreign currency economic hedges, net of tax of ($37) | 140 | | — | | — | | — | 140 |
| Kentucky state tax reform | — | | (9) | | — | | — | (9) |
| Total Special Items | 140 | | (9) | | — | | — | 131 |
| Earnings from Ongoing Operations | $254 | | $86 | | $75 | | $(31) | $384 |
First 8 of 31 rows. The CSV has all of them.
Table 101 after “as well as the change between periods. The factors that gave rise to the changes are described following the table.”
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| Three Months | Six Months | | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | | |
| U.K. Regulated | | | | | | | | | | | |
| U.K. Adjusted Gross Margins | $538 | | $469 | | $69 | | $1,111 | | | $1,005 | $106 |
| Impact of changes in foreign currency exchange rates | | | | 47 | | | | | 101 | | |
| U.K. Adjusted Gross Margins excluding impact of foreign currency exchange rates | | | | $22 | | | | | $5 | | |
| Kentucky Regulated | | | | | | | | | | | |
| Kentucky Adjusted Gross Margins | | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| 2018 Three Months | | | | | | | |
| U.K. Adjusted Gross Margins | Kentucky Adjusted Gross Margins | | Pennsylvania Adjusted Gross Margins | Other (a) | Operating Income (b) | | |
| Operating Revenues | $574 | (c) | $743 | | $517 | | $14 | $1,848 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 189 | | — | | — | 189 |
| Energy purchases | — | | 33 | | 115 | | — | 148 |
| Other operation and maintenance | 36 | | 23 | | 43 | | 404 | 506 |
| Depreciation | — | | 17 | | 8 | | 248 | 273 |
First 8 of 33 rows. The CSV has all of them.
| 2017 Six Months | | | | | | | |
| U.K. Adjusted Gross Margins | Kentucky Adjusted Gross Margins | | Pennsylvania Adjusted Gross Margins | Other (a) | Operating Income (b) | | |
| Operating Revenues | $1,050 | (c) | $1,532 | | $1,073 | | $21 | $3,676 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 374 | | — | | — | 374 |
| Energy purchases | — | | 98 | | 253 | | — | 351 |
| Other operation and maintenance | 45 | | 52 | | 60 | | 745 | 902 |
| Depreciation | — | | 32 | | 9 | | 447 | 488 |
First 8 of 11 rows. The CSV has all of them.
Table 104 after “includes the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating Revenues | $517 | | $500 | | $17 | | $1,156 | | $1,073 | $83 |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Energy purchases | 115 | | 107 | | 8 | | 276 | | 253 | 23 |
| Other operation and maintenance | 159 | | 139 | | 20 | | 292 | | 302 | (10) |
| Depreciation | 88 | | 76 | | 12 | | 173 | | 151 | 22 |
First 8 of 15 rows. The CSV has all of them.
| Three Months | Six Months | |
| Distribution price | $10 | | $11 |
| Distribution volume | 12 | | 32 |
| PLR (a) | 9 | | 26 |
| Transmission Formula Rate | 22 | | 50 |
| TCJA refund (b) | (37) | | (37) |
| Other | 1 | | 1 |
| Total | $17 | | $83 |
| Three Months | Six Months | |
| Corporate service costs | $(1) | | $(17) |
| Vegetation management | (5) | | (10) |
| Storm costs | 12 | | 16 |
| Payroll-related costs | (1) | | (14) |
| Act 129 | 1 | | (2) |
| Bad debts | 4 | | 7 |
| Smart Meter | 2 | | 4 |
First 8 of 11 rows. The CSV has all of them.
| Three Months | Six Months | |
| Change in pre-tax income | $(9) | | $20 |
| Reduction in U.S. federal income tax rate (a) | (13) | | (38) |
| Amortization of excess deferred income taxes (a) | (3) | | (8) |
| Stock-based compensation | 3 | | 5 |
| Other | 2 | | 2 |
| Total | $(20) | | $(19) |
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net Income | $75 | | $77 | | $223 | $156 |
| Special items, gains (losses), after-tax (a) | — | | — | | — | — |
Table 109 after “The table below quantifies the changes in the components of Net Income between these periods, which reflect amounts classified as Pennsylvan”
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| Three Months | Six Months | |
| Pennsylvania Adjusted Gross Margins | $(5) | | $43 |
| Other operation and maintenance | (8) | | 19 |
| Depreciation | (9) | | (15) |
| Taxes, other than income | — | | (1) |
| Other Income (Expense) - net | 3 | | 9 |
| Interest Expense | (3) | | (7) |
| Income Taxes | 20 | | 19 |
First 8 of 9 rows. The CSV has all of them.
| 2018 Three Months | 2017 Three Months | | | | | | | | |
| PA GrossMargins | Other (a) | | OperatingIncome (b) | PA Gross Margins | Other (a) | | OperatingIncome (b) | | |
| Operating Revenues | $517 | | $— | | $517 | | $500 | | $— | $500 |
| Operating Expenses | | | | | | | | | | |
| Energy purchases | 115 | | — | | 115 | | 107 | | — | 107 |
| Other operation and maintenance | 43 | | 116 | | 159 | | 31 | | 108 | 139 |
| Depreciation | 8 | | 80 | | 88 | | 5 | | 71 | 76 |
| Taxes, other than income | 22 | | — | | 22 | | 23 | | — | 23 |
First 8 of 20 rows. The CSV has all of them.
Table 111 after “includes the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating Revenues | $743 | | $723 | | $20 | | $1,615 | | $1,532 | $83 |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 189 | | 183 | | 6 | | 403 | | 374 | 29 |
| Energy purchases | 33 | | 29 | | 4 | | 113 | | 98 | 15 |
| Other operation and maintenance | 211 | | 192 | | 19 | | 416 | | 397 | 19 |
First 8 of 16 rows. The CSV has all of them.
| Three Months | Six Months | |
| Volumes (a) | $36 | | $103 |
| Base rates | 28 | | 58 |
| ECR | 6 | | 13 |
| TCJA refund (b) | (37) | | (79) |
| DSM | (3) | | (11) |
| Fuel and other energy prices | (9) | | (7) |
| Other | (1) | | 6 |
First 8 of 9 rows. The CSV has all of them.
| Three Months | Six Months | |
| Timing and scope of generation maintenance outages | $6 | | $7 |
| Vegetation management | 3 | | 3 |
| Gas distribution maintenance and compliance | 2 | | 3 |
| Storm costs | 2 | | 2 |
| Other | 6 | | 4 |
| Total | $19 | | $19 |
| Three Months | Six Months | |
| Reduction in U.S. federal income tax rate (a) | $(16) | | $(42) |
| Amortization of excess deferred income taxes (a) | (6) | | (11) |
| Change in pre-tax income | (9) | | (3) |
| Kentucky state tax reform (b) | 9 | | 9 |
| Other | — | | 1 |
| Total | $(22) | | $(46) |
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net Income | $86 | | $87 | | $228 | $190 |
| Special items, gains (losses), after-tax | (9) | | — | | (9) | (1) |
| Three Months | Six Months | |
| Adjusted Gross Margins | $15 | | $43 |
| Other operation and maintenance | (22) | | (23) |
| Depreciation | (12) | | (23) |
| Taxes, other than income | (5) | | (5) |
| Other Income (Expense) - net | 5 | | 5 |
| Interest Expense | (4) | | (6) |
| Income Taxes | 31 | | 55 |
First 8 of 10 rows. The CSV has all of them.
| 2018 Three Months | 2017 Three Months | | | | | | | | |
| Adjusted Gross Margins | Other (a) | | Operating Income (b) | Adjusted Gross Margins | Other (a) | | Operating Income (b) | | |
| Operating Revenues | $743 | | $— | | $743 | | $723 | | $— | $723 |
| Operating Expenses | | | | | | | | | | |
| Fuel | 189 | | — | | 189 | | 183 | | — | 183 |
| Energy purchases | 33 | | — | | 33 | | 29 | | — | 29 |
| Other operation and maintenance | 23 | | 188 | | 211 | | 26 | | 166 | 192 |
| Depreciation | 17 | | 101 | | 118 | | 16 | | 89 | 105 |
First 8 of 22 rows. The CSV has all of them.
Table 118 after “includes the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $331 | | $320 | | $11 | | $738 | | $694 | $44 |
| Electric revenue from affiliate | 4 | | 4 | | — | | 16 | | 21 | (5) |
| Total Operating Revenues | 335 | | 324 | | 11 | | 754 | | 715 | 39 |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The CSV has all of them.
| Three Months | Six Months | |
| Volumes (a) | $16 | | $44 |
| Base rates | 16 | | 32 |
| ECR | 2 | | 7 |
| TCJA refund (b) | (17) | | (37) |
| Fuel and other energy prices | (7) | | (10) |
| DSM | (1) | | (5) |
| Other | 2 | | 8 |
First 8 of 9 rows. The CSV has all of them.
| Three Months | Six Months | |
| Gas distribution maintenance and compliance | $2 | | $3 |
| Timing and scope of generation maintenance outages | 1 | | 2 |
| Storm costs | 2 | | 2 |
| Other | 2 | | 4 |
| Total | $7 | | $11 |
| Three Months | Six Months | |
| Reduction in U.S. federal income tax rate (a) | $(9) | | $(22) |
| Amortization of excess deferred income taxes (a) | (3) | | (5) |
| Change in pre-tax income | (3) | | — |
| Total | $(15) | | $(27) |
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net Income | $50 | | $42 | | $122 | $96 |
| Special items, gains (losses), after-tax (a) | — | | — | | — | — |
Table 123 after “The table below quantifies the changes in the components of Net Income between these periods, which reflect amounts classified as Adjusted G”
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| Three Months | Six Months | |
| Adjusted Gross Margins | $9 | | $24 |
| Other operation and maintenance | (7) | | (12) |
| Depreciation | (5) | | (10) |
| Taxes, other than income | (2) | | (3) |
| Other Income (Expense) - net | (2) | | 1 |
| Interest Expense | — | | (1) |
| Income Taxes | 15 | | 27 |
First 8 of 9 rows. The CSV has all of them.
| 2018 Three Months | 2017 Three Months | | | | | | | | |
| Adjusted Gross Margins | Other (a) | | Operating Income (b) | Adjusted Gross Margins | Other (a) | | Operating Income (b) | | |
| Operating Revenues | $335 | | $— | | $335 | | $324 | | $— | $324 |
| Operating Expenses | | | | | | | | | | |
| Fuel | 72 | | — | | 72 | | 69 | | — | 69 |
| Energy purchases, including affiliate | 30 | | — | | 30 | | 28 | | — | 28 |
| Other operation and maintenance | 10 | | 83 | | 93 | | 10 | | 76 | 86 |
| Depreciation | 7 | | 42 | | 49 | | 8 | | 37 | 45 |
First 8 of 22 rows. The CSV has all of them.
Table 125 after “includes the following results.”
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| Three Months | Six Months | | | | | | | | |
| 2018 | 2017 | | $ Change | 2018 | 2017 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $412 | | $403 | | $9 | | $877 | | $838 | $39 |
| Electric revenue from affiliate | 2 | | 3 | | (1) | | 8 | | 5 | 3 |
| Total Operating Revenues | 414 | | 406 | | 8 | | 885 | | 843 | 42 |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The CSV has all of them.
| Three Months | Six Months | |
| Volumes (a) | $18 | | $56 |
| Base rates | 12 | | 26 |
| ECR | 4 | | 6 |
| Fuel and other energy prices | (2) | | 2 |
| TCJA refund (b) | (20) | | (42) |
| DSM | (2) | | (6) |
| Other | (2) | | — |
First 8 of 9 rows. The CSV has all of them.
| Three Months | Six Months | |
| Timing and scope of generation maintenance outages | $5 | | $6 |
| Vegetation management | 3 | | 4 |
| Other | 4 | | (1) |
| Total | $12 | | $9 |
| Three Months | Six Months | |
| Reduction in U.S. federal income tax rate (a) | $(10) | | $(26) |
| Amortization of excess deferred income taxes (a) | (3) | | (6) |
| Change in pre-tax income | (6) | | (2) |
| Other | (1) | | (1) |
| Total | $(20) | | $(35) |
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2018 | 2017 | | 2018 | 2017 | |
| Net Income | $61 | | $56 | | $148 | $119 |
| Special items, gains (losses), after-tax | — | | — | | — | (1) |
| Three Months | Six Months | |
| Adjusted Gross Margins | $6 | | $19 |
| Other operation and maintenance | (15) | | (12) |
| Depreciation | (7) | | (13) |
| Taxes, other than income | (3) | | (2) |
| Other Income (Expense) - net | 5 | | 3 |
| Interest Expense | (1) | | (2) |
| Income Taxes | 20 | | 35 |
First 8 of 10 rows. The CSV has all of them.
| 2018 Three Months | 2017 Three Months | | | | | | | | |
| Adjusted Gross Margins | Other (a) | | Operating Income (b) | Adjusted Gross Margins | Other (a) | | Operating Income (b) | | |
| Operating Revenues | $414 | | $— | | $414 | | $406 | | $— | $406 |
| Operating Expenses | | | | | | | | | | |
| Fuel | 117 | | — | | 117 | | 114 | | — | 114 |
| Energy purchases, including affiliate | 9 | | — | | 9 | | 8 | | — | 8 |
| Other operation and maintenance | 13 | | 99 | | 112 | | 16 | | 84 | 100 |
| Depreciation | 10 | | 60 | | 70 | | 8 | | 53 | 61 |
First 8 of 22 rows. The CSV has all of them.
Table 132 after “The Registrants had the following at:”
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| PPL (a) | PPL Electric | | LKE | | LG&E | KU | | | |
| June 30, 2018 | | | | | | | | | | |
| Cash and cash equivalents | $852 | | $489 | | | $39 | | $19 | | $20 |
| Short-term debt | 1,864 | | — | | | 316 | | 183 | | 133 |
| Long-term debt due within one year | 203 | | — | | | 203 | | 194 | | 9 |
| Notes payable with affiliates | | — | | | 99 | | — | | — | |
| December 31, 2017 | | | | | | | | | | |
| Cash and cash equivalents | $485 | | $49 | | | $30 | | $15 | | $15 |
First 8 of 11 rows. The CSV has all of them.
Table 133 after “, and the changes between periods, were as follows.”
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| PPL | PPL Electric | | LKE | LG&E | KU | | |
| 2018 | | | | | | | | |
| Operating activities | $1,325 | | $364 | | $440 | | $255 | $274 |
| Investing activities | (1,649) | | (521) | | (564) | | (296) | (266) |
| Financing activities | 695 | | 597 | | 133 | | 45 | (3) |
| 2017 | | | | | | | | |
| Operating activities | $790 | | $279 | | $511 | | $264 | $257 |
| Investing activities | (1,385) | | (824) | | (355) | | (177) | (177) |
First 8 of 13 rows. The CSV has all of them.
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Change - Cash Provided (Used) | | | | | | | | |
| Net income | $272 | | $67 | | $38 | | $26 | $29 |
| Non-cash components | (279) | | (25) | | (46) | | (32) | (51) |
| Working capital | 129 | | 36 | | 46 | | 59 | 80 |
| Defined benefit plan funding | 346 | | (4) | | (93) | | (54) | (31) |
| Other operating activities | 67 | | 11 | | (16) | | (8) | (10) |
| Total | $535 | | $85 | | $(71) | | $(9) | $17 |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Decrease (Increase) | $(154) | | $32 | | $(209) | | $(119) | $(89) |
| PPL | PPL Electric | | LKE | | LG&E | KU | | | |
| Change - Cash Provided (Used) | | | | | | | | | | |
| Debt issuance/retirement, net | $(200) | | $(72) | | | $100 | | $100 | | $— |
| Debt issuance/retirement with affiliate, net | | — | | | 250 | | — | | — | |
| Stock issuances/redemptions, net | (30) | | — | | | — | | — | | — |
| Dividends | (29) | | (68) | | | — | | 41 | | (26) |
| Capital contributions/distributions, net | | (150) | | | 57 | | 43 | | 45 | |
| Change in short-term debt, net | 234 | | 295 | | | (1) | | (54) | | 53 |
First 8 of 11 rows. The CSV has all of them.
| CommittedCapacity | | Borrowed | | Letters ofCreditandCommercialPaper Issued | | UnusedCapacity | | | | |
| PPL Capital Funding Credit Facilities | $1,350 | | | $— | | | $1,019 | | $331 | | |
| PPL Electric Credit Facility | 650 | | | — | | | 1 | | 649 | | |
| LKE Credit Facility | 75 | | | — | | | — | | 75 | | |
| LG&E Credit Facility | 700 | | | 200 | | | 183 | | 317 | | |
| KU Credit Facilities | 598 | | | — | | | 331 | | 267 | | |
| Total LKE | 1,373 | | | 200 | | | 514 | | 659 | | |
| Total U.S. Credit Facilities (a) | $3,373 | | | $200 | | | $1,534 | | $1,639 | | |
First 8 of 9 rows. The CSV has all of them.
| CommittedCapacity | Borrowed | | Non-affiliate UsedCapacity | UnusedCapacity | |
| LKE Credit Facility | $300 | | $99 | | $— | $201 |
| LG&E Money Pool (a) | 500 | | — | | 183 | 317 |
| KU Money Pool (a) | 500 | | — | | 133 | 367 |
| Capacity | CommercialPaperIssuances | | UnusedCapacity | |
| PPL Capital Funding | $1,000 | | $999 | | $1 |
| PPL Electric | 650 | | — | | 650 |
| LG&E | 350 | | 183 | | 167 |
| KU | 350 | | 133 | | 217 |
| Total LKE | 700 | | 316 | | 384 |
| Total PPL | $2,350 | | $1,315 | | $1,035 |
| ExposureHedged | Fair Value,Net - Asset(Liability) (a) | | Effect of a10% AdverseMovementin Rates (b) | MaturitiesRangingThrough | |
| PPL | | | | | | |
| Cash flow hedges | | | | | | |
| Cross-currency swaps (c) | $702 | | $101 | | $(81) | 2028 |
| Economic hedges | | | | | | |
| Interest rate swaps (d) | 147 | | (21) | | (2) | 2033 |
| LKE | | | | | | |
| Economic hedges | | | | | | |
First 8 of 12 rows. The CSV has all of them.
| 10% AdverseMovementin Rates |
| PPL | $658 |
| PPL Electric | 193 |
| LKE | 177 |
| LG&E | 63 |
| KU | 94 |
| ExposureHedged | | Fair Value,Net - Asset(Liability) | Effect of a10%AdverseMovementin ForeignCurrencyExchangeRates (a) | MaturitiesRangingThrough | | |
| Economic hedges (b) | £ | 1,992 | | $110 | | $(244) | 2020 |
| *1(a) | - | Final Terms, dated May 11, 2018, of Western Power Distribution (West Midlands) plc £30,000,000 RPI Index Linked Senior Unsecured Notes due March 2028 |
| 4(a) | - | Supplemental Indenture No. 20, dated as of June 1, 2018, of PPL Electric Utilities Corporation to The Bank of New York Mellon, as Trustee (Exhibit 4(a) to PPL Corporation Form 8-K Report (File No. 1-11459) dated June 14, 2018) |
| 4(b) | - | Officer’s Certificate, dated June 14, 2018, pursuant to Section 201 and Section 301 of the Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated June 14, 2018) |
| 10(a) | - | Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and JPMorgan Chase Bank, National Association, London Branch (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(b) | - | Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and Barclays Bank PLC (Exhibit 10.2 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(c) | - | Additional Confirmation of Forward Sale Transaction, dated May 10, 2018, between the Company and JPMorgan Chase Bank, National Association, London Branch (Exhibit 10.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(d) | - | Additional Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and Barclays Bank PLC (Exhibit 10.4 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| *12(a) | - | PPL Corporation and Subsidiaries Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
First 8 of 29 rows. The CSV has all of them.
| 101.INS | - | XBRL Instance Document |
| 101.SCH | - | XBRL Taxonomy Extension Schema |
| 101.CAL | - | XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF | - | XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB | - | XBRL Taxonomy Extension Label Linkbase |
| 101.PRE | - | XBRL Taxonomy Extension Presentation Linkbase |