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SEC Filing Details

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

The Company's estimated unrecognized loss and unrecognized prior service cost for NRG's pension plan that will be amortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million. The Company's estimated unrecognized gain and unrecognized prior service credit for NRG's postretirement plan that will be amortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million and $7 million, respectively.
The following table presents the balances of significant components of NRG's pension plan:
 
As of December 31,
 
Pension Benefits
 
2017
 
2016
 
(In millions)
Projected benefit obligation
$
1,329

 
$
1,241

Accumulated benefit obligation
1,255

 
1,174

Fair value of plan assets
1,104

 
953

NRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan assets by asset category and their level within the fair value hierarchy are as follows:
 
Fair Value Measurements as of December 31, 2017
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Observable Inputs
(Level 2)
 
Total
 
(In millions)
Common/collective trust investment — U.S. equity
$

 
$
256

 
$
256

Common/collective trust investment — non-U.S. equity

 
66

 
66

Common/collective trust investment — non-core assets

 
178

 
178

Common/collective trust investment — fixed income

 
230

 
230

Short-term investment fund
5

 

 
5

Subtotal fair value
$
5

 
$
730

 
$
735

Measured at net asset value practical expedient


 


 


Common/collective trust investment — non-U.S. equity


 


 
94

Common/collective trust investment — fixed income


 


 
233

Partnerships/joint ventures


 


 
42

Total fair value


 


 
$
1,104

 
Fair Value Measurements as of December 31, 2016
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant
Observable Inputs
(Level 2)
 
Total
 
(In millions)
Common/collective trust investment — U.S. equity
$

 
$
283

 
$
283

Common/collective trust investment — non-U.S. equity

 
71

 
71

Common/collective trust investment — global equity

 
104

 
104

Common/collective trust investment — fixed income

 
190

 
190

Short-term investment fund
3

 

 
3

Subtotal fair value
$
3

 
$
648

 
$
651

Measured at net asset value practical expedient


 


 


Common/collective trust investment — non-U.S. equity


 


 
78

Common/collective trust investment — fixed income


 


 
193

Partnerships/joint ventures


 


 
31

Total fair value


 


 
$
953


182