Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 186

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 186
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 purposesCurrent$24 $3 $5 $15 Non-current21 17 14 19 Total derivatives designated as hedging instruments for regulatory purposes45 20 19 34 Gross amounts offset(19)(19)(17)(17)Net amounts recognized in the Balance Sheets$26 $1 $2 $17 Southern PowerDerivatives designated as hedging instruments in cash flow hedgesEnergy-related derivatives:Current$3 $— $1 $— Non-current3 — 3 — Foreign currency derivatives:Current— 11 — 11 Non-current— 21 — 40 Total derivatives designated as hedging instruments in cash flow hedges6 32 4 51 Net amounts recognized in the Balance Sheets$6 $32 $4 $51 

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

At March 31, 2025At December 31, 2024Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Southern Company GasEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$23 $2 $11 $5 Non-current1 — — — Total derivatives designated as hedging instruments for regulatory purposes24 2 11 5 Derivatives designated as hedging instruments in cash flow and fair value hedgesEnergy-related derivatives:Current14 — 3 3 Non-current1 — 1 — Interest rate derivatives:Current— 14 — 17 Non-current— 52 — 67 Total derivatives designated as hedging instruments in cash flow and fair value hedges15 66 4 87 Energy-related derivatives not designated as hedging instrumentsCurrent5 6 5 2 Non-current— — 1 — Total derivatives not designated as hedging instruments5 6 6 2 Gross amounts recognized44 74 21 94 Gross amounts offset(a)(13)(8)7 (10)Net amounts recognized in the Balance Sheets(b)$31 $66 $28 $84 (a)Gross amounts offset includes cash collateral held on deposit in broker margin accounts of $5 million and $17 million at March 31, 2025 and