Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 84

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 84
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(7)— (30)Other operations and maintenanceEnergy-related cash flow hedges— — — (1)Interest expense, net of amounts capitalizedInterest rate cash flow hedges(3)(4)(6)(8)Foreign currency cash flow hedges(2)(3)(5)(6)Interest rate fair value hedges29 — 69 (31)Other income (expense), netForeign currency cash flow hedges45 (5)67 (17)Foreign currency fair value hedges115 (18)155 21 Amount excluded from effectiveness testing recognized in earnings(3)5 13 5 Southern PowerFuelEnergy-related cash flow hedges$— $(1)$1 $(2)Interest expense, net of amounts capitalizedForeign currency cash flow hedges(2)(3)(5)(6)Other income (expense), netForeign currency cash flow hedges45 (5)67 (17)Southern Company GasCost of natural gasEnergy-related cash flow hedges$1 $(7)$— $(30)Operations and maintenanceEnergy-related cash flow hedges— — — (1)Interest expense, net of amounts capitalizedInterest rate fair value hedges3 (6)21 (10)At June 30, 2025 and December 31, 2024, the following amounts were recorded on the balance sheets related to cumulative basis adjustments for fair value hedges:Carrying Amount of the Hedged ItemCumulative Amount of Fair Value Hedging Adjustment included in Carrying Amount of the Hedged ItemBalance Sheet Location of Hedged ItemsAt June 30, 2025At December 31, 2024At June 30, 2025At December 31, 2024(in millions)Southern CompanyLong-term debt$(3,798)$(2,936)$164 $242 Southern Company GasLong-term debt$(442)$(422)$56 $75 Pre-tax gains (losses) on energy-related derivatives not designated as hedging instruments were $(14) million and $16 million for the three months ended June 30, 2025 and 2024, respectively, and $(6) million and $63 million for the six months ended June 30, 2025 and 2024, respectively, and reflected in cost of natural gas on the statements of income of Southern Company and Southern Company Gas.

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