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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

Amounts recognized in NRG's balance sheets were as follows:
 
As of December 31,
 
Pension Benefits
 
Other Postretirement
Benefits
 
2017
 
2016
 
2017
 
2016
 
(In millions)
Current liabilities
$

 
$

 
$
7

 
$
8

Less: GenOn other postretirement benefits(a)

 

 
(3
)
 
(5
)
Total current liabilities
$

 
$

 
$
4

 
$
3

 
 
 
 
 
 
 
 
Non-current liabilities
$
225

 
$
288

 
$
121

 
$
120

Less: GenOn other postretirement benefits(a)

 

 
(10
)
 
(16
)
Total non-current liabilities
$
225

 
$
288

 
$
111

 
$
104

(a)
The difference between GenOn's postretirement benefit obligation and NRG's retained obligation of $13 million and $21 million is presented in noncurrent liabilities for discontinued operations as of December 31, 2017 and 2016, respectively.
Of the amounts recognized in NRG's balance sheet, $92 million and $120 million related to GenOn's pension benefits obligation as of December 31, 2017 and 2016, respectively, and $25 million related to GenOn's postretirement benefits obligation as of December 31, 2017 and 2016.
Amounts recognized in NRG's accumulated OCI that have not yet been recognized as components of net periodic benefit cost were as follows:
 
As of December 31,
 
Pension Benefits
 
Other Postretirement
Benefits
 
2017
 
2016
 
2017
 
2016
 
(In millions)
Net loss/(gain)
$
53

 
$
94

 
$
(4
)
 
$
(11
)
Prior service cost/(credit)
3

 
3

 
(37
)
 
(45
)
Total accumulated OCI
$
56

 
$
97

 
$
(41
)
 
$
(56
)
Less: GenOn (deconsolidated June 14, 2017)
(22
)
 
(37
)
 
10

 
8

Net accumulated OCI
$
34

 
$
60

 
$
(31
)
 
$
(48
)
Other changes in plan assets and benefit obligations recognized in OCI were as follows:
 
Year Ended December 31,
 
Pension
Benefits
 
Other Postretirement
Benefits
 
2017
 
2016
 
2017
 
2016
 
(In millions)
Net actuarial (gain)/loss
$
(37
)
 
$
28

 
$
6

 
$
(2
)
Amortization of net actuarial (gain)/loss
(4
)
 
(2
)
 
1

 

Prior service credit

 

 
(1
)
 
(41
)
Amortization of prior service cost

 

 
9

 
5

Total recognized in OCI
$
(41
)
 
$
26

 
$
15

 
$
(38
)
Less: GenOn (deconsolidated June 14, 2017)
15

 
$
(17
)
 
$
2

 
$
3

Net recognized in OCI
$
(26
)
 
$
9

 
$
17

 
$
(35
)
Less: GenOn (deconsolidated June 14, 2017)
15

 
(17
)
 
3

 
3

Net recognized in net periodic pension (credit)/cost and OCI
$
(11
)
 
$
24

 
$
13

 
$
39

As a result of GenOn's deconsolidation during 2017, NRG reduced the loss recorded in other comprehensive income by $28 million related to GenOn's pension and other postretirement benefits.

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