Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1324

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1324
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 consists of unobservable market data. The input may reflect the assumptions of each Registrant of what a market participant would use in pricing an asset or liability. If there is little available market data, then each Registrant's own assumptions are the best available information.In the case of multiple inputs being used in a fair value measurement, the lowest level input that is significant to the fair value measurement represents the level in the fair value hierarchy in which the fair value measurement is reported.Net asset value as a practical expedient is the classification used for assets that do not have readily determined fair values. Fund managers value the assets using various inputs and techniques depending on the nature of the underlying investments.

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

At December 31, 2024, 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 Assets Significant Other Observable InputsSignificant Unobservable InputsNet Asset Value as a Practical ExpedientAt December 31, 2024:(Level 1)(Level 2)(Level 3)(NAV)Total(in millions)Southern CompanyAssets:Energy-related derivatives(a)$12 $77 $— $— $89 Investments in trusts:(b)Domestic equity849 250 — — 1,099 Foreign equity148 175 — — 323 U.S. Treasury and government agency securities— 371 — — 371 Municipal bonds— 47 — — 47 Pooled funds – fixed income— 7 — — 7 Corporate bonds— 452 — — 452 Mortgage and asset backed securities— 106 — — 106 Private equity— — — 181 181 Cash and cash equivalents1 — — — 1 Other39 3 — 9 51 Investments, available for sale:U.S. Treasury and government agency securities2 7 — — 9 Corporate bonds1 2 — — 3 Mortgage and asset backed securities— 10 — — 10 Cash equivalents and restricted cash533 19 — — 552 Other investments9 31 8