Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 174

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 174
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 4 6 1 — 2 Expected return on plan assets(22)(9)(8)— — (2)Amortization:Prior service costs1 — — — — — Regulatory asset— — — — — 2 Net gain(4)— (1)(1)— (1)Net periodic postretirement benefit cost (income)$(5)$(4)$(2)$— $— $1 

60

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

(I) FAIR VALUE MEASUREMENTS

At March 31, 2025, assets and liabilities measured at fair value on a recurring basis during the period, together with their associated level of the fair value hierarchy, were as follows:Fair Value Measurements UsingAt March 31, 2025Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Net Asset Value as a Practical Expedient (NAV)Total(in millions)Southern CompanyAssets:Energy-related derivatives(a)$23 $203 $— $— $226 Interest rate derivatives— 5 — — 5 Investments in trusts:(b)Domestic equity814 236 — — 1,050 Foreign equity152 186 — — 338 U.S. Treasury and government agency securities— 373 — — 373 Municipal bonds— 49 — — 49 Pooled funds – fixed income— 6 — — 6 Corporate bonds— 474 — — 474 Mortgage- and asset-backed securities — 117 — — 117 Private equity— — — 182 182 Cash and cash equivalents1 — — — 1 Other25 2 — 9 36 Investments, available-for-sale:U.S. Treasury and government agency securities1 6 — — 7 Corporate bonds1 2 — — 3 Mortgage- and asset-backed securities— 11 — — 11 Cash equivalents and restricted cash1,560 18 — — 1,578