Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1287

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1287
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,902 667 1,196 39 — — Employee benefit obligations797 213 260 37 — 11 Remaining book value of retired assets369 143 221 5 — — Premium on reacquired debt63 9 53 1 — — Other700 182 223 43 2 191 Total deferred income tax liabilities18,574 6,101 7,661 714 1,360 2,041 Deferred tax assets —AROs2,735 1,143 1,510 39 — — ITC and PTC carryforwards1,387 12 691 — 481 — Employee benefit obligations985 224 316 52 10 89 Estimated loss on plants under construction857 — 857 — — — Estimated loss on regulatory disallowance26 — — — — 26 Other state deferred tax attributes363 — 13 231 49 8 Federal effect of net state deferred tax liabilities418 215 92 — 27 101 Other property basis differences197 — 83 — 97 — State effect of federal deferred taxes115 115 — — — — Other partnership basis differences85 — — — 85 — Regulatory liability associated with the Tax Reform Legislation (not subject to normalization)34 30 — 3 — — Long-term debt fair value adjustment79 — — — — 79 Other comprehensive losses67 4 4 — 6 — Other538 188 152 57 18 74 Total deferred income tax assets7,886 1,931 3,718 382 773 377 Valuation allowance(206)— (75)(41)(27)(7)Net deferred income tax assets7,680 1,931 3,643 341 746 370 Net deferred income taxes (assets)/liabilities$10,894 $4,170 $4,018 $373 $614 $1,671 Recognized in the balance sheets:Accumulated deferred income taxes – assets$(96)$— $— $(96)$— $— Accumulated deferred income taxes – liabilities$10,990 $4,170 $4