Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 240

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 240
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 (1)Regulatory asset— — — — — 8 Net loss27 8 9 2 1 — Net periodic pension income$(141)$(37)$(56)$(7)$— $(1)Postretirement BenefitsService cost$7 $2 $2 $— $— $— Interest cost33 8 11 1 — 4 Expected return on plan assets(44)(17)(16)— — (4)Amortization:Prior service costs1 — — — — — Regulatory asset— — — — — 3 Net gain(8)(2)(1)(1)— (3)Net periodic postretirement benefit income$(11)$(9)$(4)$— $— $— 

69

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

(I) FAIR VALUE MEASUREMENTS

At June 30, 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 June 30, 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)$11 $122 $— $— $133 Interest rate derivatives— 9 — — 9 Foreign currency derivatives— 34 — — 34 Investments in trusts:(b)Domestic equity876 268 — — 1,144 Foreign equity164 206 — — 370 U.S. Treasury and government agency securities— 355 — — 355 Municipal bonds— 48 — — 48 Pooled funds – fixed income— 5 — — 5 Corporate bonds— 495 — — 495 Mortgage- and asset-backed securities — 122 — — 122 Private equity— — — 191 191 Cash and cash equivalents1 —