SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

Fair Value of Derivative Instruments
The following table summarizes the fair value within the derivative instrument valuation on the balance sheet:
 
Fair Value
 
Derivative Assets
 
Derivative Liabilities
(In millions)
December 31, 2015
 
December 31, 2014
 
December 31, 2015
 
December 31, 2014
Derivatives Designated as Cash Flow or Fair Value Hedges:
 
 
 
 
 
 
 
Interest rate contracts current
$

 
$

 
$
42

 
$
55

Interest rate contracts long-term

 
2

 
68

 
74

Total Derivatives Designated as Cash Flow or Fair Value Hedges

 
2

 
110

 
129

Derivatives Not Designated as Cash Flow or Fair Value Hedges:
 
 
 
 
 
 
 
Interest rate contracts current

 

 
5

 
8

Interest rate contracts long-term

 

 
13

 
28

Commodity contracts current
1,915

 
2,425

 
1,674

 
1,991

Commodity contracts long-term
305

 
477

 
412

 
336

Equity contracts long-term

 
1

 

 

Total Derivatives Not Designated as Cash Flow or Fair Value Hedges
2,220

 
2,903

 
2,104

 
2,363

Total Derivatives
$
2,220

 
$
2,905

 
$
2,214

 
$
2,492

The Company has elected to present derivative assets and liabilities on the balance sheet on a trade-by-trade basis and does not offset amounts at the counterparty master agreement level. In addition, collateral received or paid on the Company's derivative assets or liabilities are recorded on a separate line item on the balance sheet. The following table summarizes the offsetting derivatives by counterparty master agreement level and collateral received or paid:
 
Gross Amounts Not Offset in the Statement of Financial Position
 
Gross Amounts of Recognized Assets/Liabilities
 
Derivative Instruments
 
Cash Collateral (Held)/Posted
 
Net Amount
As of December 31, 2015
(In millions)
Commodity contracts:
 
 
 
 
 
 
 
Derivative assets
$
2,220

 
$
(1,616
)
 
$
(113
)
 
$
491

Derivative liabilities
(2,086
)
 
1,616

 
271

 
(199
)
Total commodity contracts
134

 

 
158

 
292

Interest rate contracts:
 
 
 
 
 
 
 
Derivative liabilities
(128
)
 

 

 
(128
)
Total derivative instruments
$
6

 
$

 
$
158

 
$
164


156