Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1325

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1325
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— 48 Total$1,594 $1,557 $8 $190 $3,349 Liabilities:Energy-related derivatives(a)$5 $124 $— $— $129 Interest rate derivatives— 269 — — 269 Foreign currency derivatives— 218 — — 218 Contingent consideration3 — 16 — 19 Other— 13 11 — 24 Total$8 $624 $27 $— $659 

II-224

    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

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)Alabama PowerAssets:Energy-related derivatives$— $26 $— $— $26 Nuclear decommissioning trusts:(b)Domestic equity459 241 — — 700 Foreign equity148 — — — 148 U.S. Treasury and government agency securities— 16 — — 16 Municipal bonds— 1 — — 1 Corporate bonds— 287 — — 287 Mortgage and asset backed securities— 31 — — 31 Private equity — — — 181 181 Other11 1 — 9 21 Cash equivalents and restricted cash334 19 — — 353 Other investments— 31 — — 31 Total$952 $653 $— $190 $1,795 Liabilities:Energy-related derivatives$— $42 $— $— $42 Georgia PowerAssets:Energy-related derivatives$— $19 $— $— $19 Nuclear decommissioning trusts:(b)Domestic equity390 1 — — 391 Foreign equity— 174 — — 174 U.S. Treasury and government agency securities— 355 — — 355 Municipal bonds— 46 — — 46 Corporate bonds— 165 — — 165