Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1913

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1913
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 $11 Interest rate derivatives— 84 — — 84 Total$5 $90 $— $— $95 (a)Excludes cash collateral of $17 million.(b)Excludes receivables related to investment income, pending investment sales, payables related to pending investment purchases, and currencies. See Note 6 under "Nuclear Decommissioning" for additional information.

II-226

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

At December 31, 2023, 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 UsingQuoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsNet Asset Value as a Practical ExpedientAt December 31, 2023:(Level 1)(Level 2)(Level 3)(NAV)Total(in millions)Southern CompanyAssets:Energy-related derivatives(a)$6 $49 $— $— $55 Investments in trusts:(b)Domestic equity764 216 — — 980 Foreign equity145 171 — — 316 U.S. Treasury and government agency securities— 369 — — 369 Municipal bonds— 48 — — 48 Pooled funds – fixed income— 6 — — 6 Corporate bonds— 389 — — 389 Mortgage and asset backed securities— 89 — — 89 Private equity— — — 169 169 Cash and cash equivalents3 — — — 3 Other58 3 — 9 70 Cash equivalents and restricted cash253 15 — — 268 Other investments9 27 8 — 44 Total$1,238 $1,382 $8 $178 $2,806 Liabilities:Energy-related derivatives(a)$46 $312 $— $— $358 Interest rate derivatives— 264 — — 264 Foreign currency derivatives— 122 — — 122 Contingent consideration3 — 16 — 19 Other— 13 — — 13 Total$49 $711