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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
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, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
Derivatives Designated as Cash Flow or Fair Value Hedges:
 
 
 
 
 
 
 
Interest rate contracts current
$
1

 
$

 
$
5

 
$
28

Interest rate contracts long-term
11

 
12

 
11

 
41

Total Derivatives Designated as Cash Flow or Fair Value Hedges
12

 
12

 
16

 
69

Derivatives Not Designated as Cash Flow or Fair Value Hedges:
 
 
 
 
 
 
 
Interest rate contracts current
9

 

 
15

 
7

Interest rate contracts long-term
32

 
37

 
28

 
12

Commodity contracts current
616

 
1,067

 
535

 
1,057

Commodity contracts long-term
129

 
132

 
158

 
231

Total Derivatives Not Designated as Cash Flow or Fair Value Hedges
786

 
1,236

 
736

 
1,307

Total Derivatives
$
798

 
$
1,248

 
$
752

 
$
1,376

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, 2017
(In millions)
Commodity contracts:
 
 
 
 
 
 
 
Derivative assets
$
745

 
$
(578
)
 
$
(11
)
 
$
156

Derivative liabilities
(693
)
 
578

 
73

 
(42
)
Total commodity contracts
52



 
62

 
114

Interest rate contracts:
 
 
 
 
 
 
 
Derivative assets
53

 
(3
)
 

 
50

Derivative liabilities
(59
)
 
3

 

 
(56
)
Total interest rate contracts
(6
)
 

 

 
(6
)
Total derivative instruments
$
46

 
$

 
$
62

 
$
108


159