Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 2606

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 3
Chunk 2606
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The objective of comprehensive income is to report a measure of all changes in common stock equity of an enterprise that result from transactions and other economic events of the period other than transactions with owners. Comprehensive income consists of net income attributable to the Registrant, changes in the fair value of qualifying cash flow hedges, and reclassifications for amounts included in net income. Comprehensive income also consists of certain changes in pension and other postretirement benefit plans for Southern Company, Southern Power, and Southern Company Gas.AOCI (loss) balances, net of tax effects, for Southern Company, Southern Power, and Southern Company Gas were as follows:QualifyingHedgesPension and OtherPostretirementBenefit PlansAccumulated OtherComprehensiveIncome (Loss)(*)(in millions)Southern CompanyBalance at December 31, 2021$(162)$(76)$(237)Current period change13 58 71 Balance at December 31, 2022(149)(18)(167)Current period change28 (38)(10)Balance at December 31, 2023(121)(56)(177)Current period change75 24 99 Balance at December 31, 2024$(46)$(32)$(78)Southern PowerBalance at December 31, 2021$1 $(29)$(27)Current period change(10)20 10 Balance at December 31, 2022(9)(9)(18)Current period change8 (7)1 Balance at December 31, 2023(1)(16)(17)Current period change8 7 15 Balance at December 31, 2024$7 $(9)$(2)Southern Company GasBalance at December 31, 2021$(14)$38 $24 Current period change(11)18 7 Balance at December 31, 2022(25)56 31 Current period change1 (16)(15)Balance at December 31, 2023(24)40 16 Current period change21 11 32 Balance at December 31, 2024$(3)$51 $48 (*)May not add due to rounding.Variable Interest EntitiesThe Registrants may hold ownership interests in a number of business ventures with varying ownership structures. Partnership interests and other variable interests are evaluated to determine if each entity is a VIE. The primary beneficiary of a VIE is required to consolidate the VIE