Company: SOJE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000092122-25-000018
Chunk: 1631

Company: SOUTHERN CO
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 1631
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 not designated as hedging instrumentsCurrent— 1 — — Non-current— — 1 — Total derivatives not designated as hedging instruments— 1 1 — Gross amounts recognized19 42 13 124 Gross amounts offset(15)(15)(11)(11)Net amounts recognized in the Balance Sheets$4 $27 $2 $113 Mississippi PowerEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$5 $15 $3 $27 Non-current14 19 12 34 Total derivatives designated as hedging instruments for regulatory purposes19 34 15 61 Gross amounts offset(17)(17)(14)(14)Net amounts recognized in the Balance Sheets$2 $17 $1 $47 Southern PowerDerivatives designated as hedging instruments in cash flow hedgesEnergy-related derivatives:Current$1 $— $— $5 Non-current3 — 3 — Foreign currency derivatives:Current— 11 — 11 Non-current— 40 — 11 Total derivatives designated as hedging instruments in cash flow hedges4 51 3 27 Net amounts recognized in the Balance Sheets$4 $51 $3 $27 

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    Table of Contents                                Index to Financial StatementsCOMBINED NOTES TO FINANCIAL STATEMENTS

20242023Derivative Category and Balance Sheet LocationAssetsLiabilitiesAssetsLiabilities(in millions)Southern Company GasEnergy-related derivatives designated as hedging instruments for regulatory purposesCurrent$11 $5 $1 $20 Derivatives designated as hedging instruments in cash flow and fair value hedgesEnergy-related derivatives:Current3 3 — 24 Non-current1 — — 4 Interest rate derivatives:Current— 17 — 20 Non-current— 67 — 59 Total derivatives designated as hedging instruments in cash flow and fair value hedges4 87 — 107 Energy-related derivatives not designated as hedging instrumentsCurrent5 2 7 8 Non-current1 — 1 2 Total derivatives not designated as hedging instruments6 2 8 10 Gross amounts recognized21 94 9 137 Gross amounts offset(a)7 (10)12 (50)Net amounts recognized