Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 2415

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 2
Chunk 2415
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 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 when it has both the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. See Note