Company: DTK
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000936340-25-000182
Chunk: 162

Company: DTE ENERGY CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 following table summarizes the fair value of the fixed income securities held in nuclear decommissioning trust funds by contractual maturity:June 30, 2025(In millions)Due within one year$16 Due after one through five years97 Due after five through ten years105 Due after ten years334 $552 Fixed income securities held in nuclear decommissioning trust funds include $107 million of non-publicly traded commingled funds that do not have a contractual maturity date.Other SecuritiesAt June 30, 2025 and December 31, 2024, DTE Energy securities included in Other investments on the Consolidated Statements of Financial Position consisted primarily of investments within DTE Energy's rabbi trust.  The rabbi trust is comprised primarily of trading securities recorded at fair value, as well as debt securities classified as held-to-maturity and recorded at amortized cost.  The trust was established to fund certain non-qualified pension benefits, and therefore changes in market value of the trading securities and interest on the held-to-maturity securities are recognized in earnings.  Gains and losses are allocated from DTE Energy to DTE Electric and are included in Other Income or Other Expense, respectively, in the Registrants' Consolidated Statements of Operations.  Gains (losses) related to the trading securities were immaterial for the three and six months ended June 30, 2025 and 2024.

NOTE 8 — FINANCIAL AND OTHER DERIVATIVE INSTRUMENTS

The Registrants recognize all derivatives at their fair value as Derivative assets or liabilities on their respective Consolidated Statements of Financial Position unless they qualify for certain scope exceptions, including the normal purchases and normal sales exception.  Further, derivatives that qualify and are designated for hedge accounting are classified as either hedges of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge); or as hedges of the fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge).  For cash flow hedges, the derivative gain or loss is deferred in Accumulated other comprehensive income (loss) and later reclassified into earnings when the underlying transaction occurs.  For fair value hedges, changes in fair values for the derivative and hedged item are recognized in earnings each period.  For derivatives that do not qualify or are not designated for hedge accounting, changes in fair value are recognized in earnings each period.

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