Company: SOJE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000092122-25-000042
Chunk: 176

Company: SOUTHERN CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 176
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— 48 Corporate bonds— 179 — — 179 Mortgage- and asset-backed securities— 84 — — 84 Other17 1 — — 18 Cash equivalents270 — — — 270 Total$655 $919 $— $— $1,574 Liabilities:Energy-related derivatives$— $18 $— $— $18 

62

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Fair Value Measurements UsingAt March 31, 2025Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Net Asset Value as a Practical Expedient (NAV)Total(in millions)Mississippi PowerAssets:Energy-related derivatives$— $45 $— $— $45 Cash equivalents28 — — — 28 Total$28 $45 $— $— $73 Liabilities:Energy-related derivatives$— $20 $— $— $20 Southern PowerAssets:Energy-related derivatives$— $6 $— $— $6 Cash equivalents73 — — — 73 Total$73 $6 $— $— $79 Liabilities:Foreign currency derivatives$— $32 $— $— $32 Contingent consideration3 — 14 — 17 Other— 13 11 — 24 Total$3 $45 $25 $— $73 Southern Company GasAssets:Energy-related derivatives(a)$23 $21 $— $— $44 Non-qualified deferred compensation trusts:Domestic equity— 8 — — 8 Foreign equity— 1 — — 1 Pooled funds – fixed income— 6 — — 6 Cash and cash equivalents1 — — — 1 Cash equivalents71 — — — 71 Total$95 $36 $— $— $131 Liabilities:Energy-related derivatives(a)$6 $2 $— $—