2012 Q2 Form 10-Q Financial Statement

#000092222412000095 Filed on August 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2 2011 Q1
Revenue $2.549B $2.489B $2.910B
YoY Change 2.41% 68.97% -3.19%
Cost Of Revenue $469.0M $445.0M $766.0M
YoY Change 5.39% 13.52% -53.86%
Gross Profit $2.080B $2.044B $2.144B
YoY Change 1.76% 89.08% 59.29%
Gross Profit Margin 81.6% 82.12% 73.68%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $304.0M $317.0M $255.0M
YoY Change -4.1% 56.16% 42.46%
% of Gross Profit 14.62% 15.51% 11.89%
Operating Expenses $1.508B $1.449B $1.339B
YoY Change 4.07% 69.47% 53.91%
Operating Profit $572.0M $595.0M $805.0M
YoY Change -3.87% 163.27% 69.12%
Interest Expense $236.0M $264.0M $174.0M
YoY Change -10.61% 101.53% 56.76%
% of Operating Profit 41.26% 44.37% 21.61%
Other Income/Expense, Net $30.00M -$34.00M -$5.000M
YoY Change -188.24% -162.5%
Pretax Income $365.0M $297.0M $625.0M
YoY Change 22.9% 222.83% 67.56%
Income Tax $88.00M $96.00M $223.0M
% Of Pretax Income 24.11% 32.32% 35.68%
Net Earnings $271.0M $196.0M $401.0M
YoY Change 38.27% 130.59% 60.4%
Net Earnings / Revenue 10.63% 7.87% 13.78%
Basic Earnings Per Share $0.46 $0.35 $0.82
Diluted Earnings Per Share $0.46 $0.35 $0.82
COMMON SHARES
Basic Shares Outstanding 579.9M shares 561.7M shares 484.1M shares
Diluted Shares Outstanding 580.6M shares 562.0M shares 484.3M shares

Balance Sheet

Concept 2012 Q2 2011 Q2 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $981.0M $1.269B $1.245B
YoY Change -22.7% -71.83% -27.78%
Cash & Equivalents $981.0M $1.269B $1.245B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $31.00M $35.00M $55.00M
YoY Change -11.43% -98.91% -98.8%
Inventory $719.0M $647.0M $621.0M
Prepaid Expenses $252.0M $344.0M $523.0M
Receivables $750.0M $712.0M $734.0M
Other Receivables $63.00M $72.00M $68.00M
Total Short-Term Assets $6.151B $5.364B $5.747B
YoY Change 14.67% -37.62% -20.41%
LONG-TERM ASSETS
Property, Plant & Equipment $28.27B $26.61B $21.18B
YoY Change 6.24% 103.92% 62.21%
Goodwill $4.036B $4.190B $1.792B
YoY Change -3.68%
Intangibles $909.0M $1.078B $963.0M
YoY Change -15.68%
Long-Term Investments $68.00M $78.00M $76.00M
YoY Change -12.82% 25.81% 16.92%
Other Assets $947.0M $706.0M $583.0M
YoY Change 34.14% -75.49% -81.94%
Total Long-Term Assets $8.339B $7.839B $5.092B
YoY Change 6.38% -54.72% -71.25%
TOTAL ASSETS
Total Short-Term Assets $6.151B $5.364B $5.747B
Total Long-Term Assets $8.339B $7.839B $5.092B
Total Assets $43.51B $40.54B $32.74B
YoY Change 7.33% 56.43% 31.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.037B $1.246B $941.0M
YoY Change -16.77% 70.68% 18.22%
Accrued Expenses $201.0M $175.0M $224.0M
YoY Change 14.86% 62.04% 73.64%
Deferred Revenue
YoY Change
Short-Term Debt $889.0M $431.0M $881.0M
YoY Change 106.26% -7.51% 49.58%
Long-Term Debt Due $12.00M $502.0M $502.0M
YoY Change -97.61%
Total Short-Term Liabilities $5.318B $4.593B $4.902B
YoY Change 15.78% 9.49% -15.37%
LONG-TERM LIABILITIES
Long-Term Debt $18.70B $17.53B $12.25B
YoY Change 6.65% 101.26% 60.05%
Other Long-Term Liabilities $960.0M $825.0M $739.0M
YoY Change 16.36% -66.76% -75.09%
Total Long-Term Liabilities $8.512B $7.493B $6.794B
YoY Change 13.6% -33.06% -36.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.318B $4.593B $4.902B
Total Long-Term Liabilities $8.512B $7.493B $6.794B
Total Liabilities $13.83B $12.09B $11.70B
YoY Change 14.43% -32.77% -38.58%
SHAREHOLDERS EQUITY
Retained Earnings $5.190B $4.306B $4.312B
YoY Change 20.53%
Common Stock $6.892B $6.780B $4.642B
YoY Change 1.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.889B $10.65B $8.530B
YoY Change
Total Liabilities & Shareholders Equity $43.51B $40.54B $32.74B
YoY Change 7.33% 56.43% 31.31%

Cashflow Statement

Concept 2012 Q2 2011 Q2 2011 Q1
OPERATING ACTIVITIES
Net Income $271.0M $196.0M $401.0M
YoY Change 38.27% 130.59% 60.4%
Depreciation, Depletion And Amortization $304.0M $317.0M $255.0M
YoY Change -4.1% 56.16% 42.46%
Cash From Operating Activities $219.0M $618.0M $196.0M
YoY Change -64.56% -373.45% -75.44%
INVESTING ACTIVITIES
Capital Expenditures -$627.0M -$575.0M $428.0M
YoY Change 9.04% 59.28% 51.24%
Acquisitions
YoY Change
Other Investing Activities -$15.00M -$5.822B $7.000M
YoY Change -99.74% -2833.33% -56.25%
Cash From Investing Activities -$642.0M -$6.397B $98.00M
YoY Change -89.96% 4222.3% -131.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.00M
YoY Change 14.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 315.0M 5.834B $13.00M
YoY Change -94.6% 84.33% -96.98%
NET CHANGE
Cash From Operating Activities 219.0M 618.0M $196.0M
Cash From Investing Activities -642.0M -6.397B $98.00M
Cash From Financing Activities 315.0M 5.834B $13.00M
Net Change In Cash -108.0M 55.00M $307.0M
YoY Change -296.36% -98.03% -66.56%
FREE CASH FLOW
Cash From Operating Activities $219.0M $618.0M $196.0M
Capital Expenditures -$627.0M -$575.0M $428.0M
Free Cash Flow $846.0M $1.193B -$232.0M
YoY Change -29.09% 783.7% -145.05%

Facts In Submission

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ppl Votes Per Share Of Common Stock
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CY2012Q2 ppl Shares Issued Under Specific Equity Offering
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CY2011Q2 ppl Shares Issued Under Specific Equity Offering
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ppl Shares Issued Under Specific Equity Offering
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ppl Shares Issued Under Specific Equity Offering
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ppl Issuance Of Equity Units Future Contract Adjustment Payments Present Value
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ppl Issuance Of Equity Units Related Issuance Costs Net Of Tax
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ppl Issuance Of Equity Units Related Issuance Costs Net Of Tax
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ppl Reclassification From Share Based Compensation To Common Stock Issued
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ppl Purchases Of Accounts Receivable
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us-gaap Revenues
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CY2011Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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ppl Income From Continuing Operations After Tax Allocated To Participating Securities
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ppl Income From Continuing Operations After Tax Available To Shareholders
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ppl Net Income Amounts Allocated To Participating Securities
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ppl Net Income Amounts Allocated To Participating Securities
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ppl Net Income Available To Common Shareowners
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012Q2 ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements
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CY2011Q2 ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements
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ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements
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135000 shares
ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements
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us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
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us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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CY2012Q2 us-gaap Stock Issued During Period Shares Share Based Compensation
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ppl Income Tax Reconciliation Minimum Property Value For Service Deadline Extension
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ppl Income Tax Reconciliation Minimum Tax Life For Service Deadline Extension
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ppl Income Tax Reconciliation Impact Of Foreign Subsidiary Certain Pension Contributions
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CY2012Q2 ppl Income Tax Reconciliation Impact Of Foreign Subsidiary Certain Pension Contributions
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ppl Uk Tax Rate In Effect Prior To Reduction
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CY2012Q3 ppl Uk Tax Rate Reduction Approved Current Year For Same Year
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CY2012Q3 ppl Uk Tax Rate Reduction Approved Current Year For Future Year
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CY2012Q3 ppl Projected Minimum Benefit From Change In United Kingdom Statutory Tax Rate
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CY2012Q3 ppl Projected Maximum Benefit From Change In United Kingdom Statutory Tax Rate
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CY2011Q3 ppl Uk Tax Rate Reduction Approved Current Year For Same Year
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0.26 pure
ppl Uk Tax Rate In Effect Prior To Reduction
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ppl Uk Tax Rate In Effect Prior To Reduction
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us-gaap Income Tax Reconciliation State And Local Income Taxes
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us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Tax Credits
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ppl Depreciation Not Normalized
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CY2012Q2 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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us-gaap Income Tax Reconciliation Tax Contingencies Foreign
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us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
-5000000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
3000000 USD
CY2011Q2 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2000000 USD
CY2012Q2 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
3000000 USD
CY2011Q2 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
1000000 USD
CY2012Q2 ppl Depreciation Not Normalized
DepreciationNotNormalized
-2000000 USD
CY2011Q2 ppl Depreciation Not Normalized
DepreciationNotNormalized
-2000000 USD
CY2012Q2 ppl Total Increase Decrease To Federal Income Tax On Income From Continuing Operations At Statuatory Tax Rate
TotalIncreaseDecreaseToFederalIncomeTaxOnIncomeFromContinuingOperationsAtStatuatoryTaxRate
-40000000 USD
CY2011Q2 ppl Total Increase Decrease To Federal Income Tax On Income From Continuing Operations At Statuatory Tax Rate
TotalIncreaseDecreaseToFederalIncomeTaxOnIncomeFromContinuingOperationsAtStatuatoryTaxRate
-8000000 USD
CY2012Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0 USD
CY2012Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1000000 USD
CY2011Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1000000 USD
CY2011Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
8000000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4000000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
8000000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-6000000 USD
CY2012Q2 ppl Income Tax Reconciliation Net Operating Loss Carryfoward Adjustment
IncomeTaxReconciliationNetOperatingLossCarryfowardAdjustment
-3000000 USD
CY2011Q2 ppl Income Tax Reconciliation Net Operating Loss Carryfoward Adjustment
IncomeTaxReconciliationNetOperatingLossCarryfowardAdjustment
0 USD
ppl Income Tax Reconciliation Net Operating Loss Carryfoward Adjustment
IncomeTaxReconciliationNetOperatingLossCarryfowardAdjustment
-9000000 USD
ppl Income Tax Reconciliation Net Operating Loss Carryfoward Adjustment
IncomeTaxReconciliationNetOperatingLossCarryfowardAdjustment
0 USD
CY2012Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2011Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
-11000000 USD
ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
0 USD
CY2011Q2 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
0 USD
CY2012Q2 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
0 USD
ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-5000000 USD
CY2012Q2 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-4000000 USD
CY2011Q2 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-2000000 USD
ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-3000000 USD
ppl Bonus Depreciation Rate
BonusDepreciationRate
1.00 pure
CY2012Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
121000000 USD
CY2011Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
251000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-4000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
-2000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
-1000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-2000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-3000000 USD
CY2012Q2 ppl Effects Of Foreign Currency Translation Unrecognized Tax Benefits
EffectsOfForeignCurrencyTranslationUnrecognizedTaxBenefits
0 USD
CY2011Q2 ppl Effects Of Foreign Currency Translation Unrecognized Tax Benefits
EffectsOfForeignCurrencyTranslationUnrecognizedTaxBenefits
2000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
113000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
250000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
145000000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
251000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-31000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
-2000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
-2000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-4000000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-5000000 USD
ppl Effects Of Foreign Currency Translation Unrecognized Tax Benefits
EffectsOfForeignCurrencyTranslationUnrecognizedTaxBenefits
0 USD
ppl Effects Of Foreign Currency Translation Unrecognized Tax Benefits
EffectsOfForeignCurrencyTranslationUnrecognizedTaxBenefits
5000000 USD
CY2012Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
21000000 USD
CY2012Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Lower Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeLowerBound
106000000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
36000000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
185000000 USD
ppl Ratemaking Mechanisms Authorized For Approval
RatemakingMechanismsAuthorizedForApproval
2 Integer
ppl Number Phases Investigation Retail Electricity Market
NumberPhasesInvestigationRetailElectricityMarket
2 Integer
ppl Default Service End State Possible Models
DefaultServiceEndStatePossibleModels
3 Integer
CY2012Q2 ppl Projected Amount To Comply With Overhead Clearance Standard
ProjectedAmountToComplyWithOverheadClearanceStandard
167000000 USD
CY2011Q4 ppl Projected Amount To Comply With Overhead Clearance Standard
ProjectedAmountToComplyWithOverheadClearanceStandard
170000000 USD
ppl Number Potential Changes Cited Consultation Paper
NumberPotentialChangesCitedConsultationPaper
2 Integer
ppl Annual Update Review Challenge Period
AnnualUpdateReviewChallengePeriod
180 Integer
ppl Federal Energy Regulatory Commission Formula Requested Recovery Period
FederalEnergyRegulatoryCommissionFormulaRequestedRecoveryPeriod
34
CY2012Q2 ppl Federal Energy Regulatory Commission Formula Regulatory Asset Recorded For Certain Deferred State Tax Assets
FederalEnergyRegulatoryCommissionFormulaRegulatoryAssetRecordedForCertainDeferredStateTaxAssets
50000000 USD
CY2011Q4 ppl Federal Energy Regulatory Commission Formula Regulatory Asset Recorded For Certain Deferred State Tax Assets
FederalEnergyRegulatoryCommissionFormulaRegulatoryAssetRecordedForCertainDeferredStateTaxAssets
50000000 USD
ppl Percentage Of Reduced Electricity Consumption Required By Act129 By2011
PercentageOfReducedElectricityConsumptionRequiredByAct129By2011
0.010 pure
ppl Percentage Of Reduced Electricity Consumption Required By Act129 By2013
PercentageOfReducedElectricityConsumptionRequiredByAct129By2013
0.030 pure
ppl Percentage Of Reduced Peak Demand Required By Act129 By2013
PercentageOfReducedPeakDemandRequiredByAct129By2013
0.045 pure
ppl Number Of Hours That Are Benchmark For Demand Reductions
NumberOfHoursThatAreBenchmarkForDemandReductions
100 Integer
ppl Proposed Cost Recovery Cap Over Year2006 Revenue
ProposedCostRecoveryCapOverYear2006Revenue
0.02 pure
ppl Number Of Years Phase Two Program Is Effective
NumberOfYearsPhaseTwoProgramIsEffective
3 Integer
ppl Percentage Of Reduced Electricity Consumption Under Phase Two Program
PercentageOfReducedElectricityConsumptionUnderPhaseTwoProgram
0.021 pure
ppl Maximum Percentage Of Long Term Contracts For Electric Generation Supply Service
MaximumPercentageOfLongTermContractsForElectricGenerationSupplyService
0.25 pure
ppl Minimum Duration Of Long Term Procurement Contracts
MinimumDurationOfLongTermProcurementContracts
4 Integer
ppl Maximum Duration Of Long Term Procurement Contracts
MaximumDurationOfLongTermProcurementContracts
20 Integer
CY2012Q2 ppl Capacity Proposed Natural Gas Fired Combined Cycle Turbine Kentucky
CapacityProposedNaturalGasFiredCombinedCycleTurbineKentucky
640 MW
ppl Undivided Ownership Interest In Proposed Combine Cycle Turbine Subsidiary One
UndividedOwnershipInterestInProposedCombineCycleTurbineSubsidiaryOne
0.78 pure
ppl Undivided Ownership Interest In Proposed Combine Cycle Turbine Subsidiary Two
UndividedOwnershipInterestInProposedCombineCycleTurbineSubsidiaryTwo
0.22 pure
ppl Generating Units Anticipated Retirements Plant One
GeneratingUnitsAnticipatedRetirementsPlantOne
3 Integer
ppl Generating Units Anticipated Retirements Plant Two
GeneratingUnitsAnticipatedRetirementsPlantTwo
1 Integer
ppl Generating Units Anticipated Retirements Plant Three
GeneratingUnitsAnticipatedRetirementsPlantThree
2 Integer
ppl Combined Capacity Anticipated Plant Retirements Due To Replacement Construction
CombinedCapacityAnticipatedPlantRetirementsDueToReplacementConstruction
797 MW
ppl Earned Rate Of Return On Common Equity For Fifty Percent Of Excess Amount Deferred
EarnedRateOfReturnOnCommonEquityForFiftyPercentOfExcessAmountDeferred
0.1075 pure
ppl Percentage Excess Amount Deferred As Regulatory Liability
PercentageExcessAmountDeferredAsRegulatoryLiability
0.50 pure
CY2012Q2 us-gaap Forward Contract Indexed To Issuers Equity Forward Rate
ForwardContractIndexedToIssuersEquityForwardRate
27.02
CY2012Q2 ppl Forward Contract Indexed To Issuers Equity Settlement Date Or Dates Subsequent
ForwardContractIndexedToIssuersEquitySettlementDateOrDatesSubsequent
2013-07-31
CY2012Q2 ppl Forward Contract Indexed To Issuer Number Of Counterparties
ForwardContractIndexedToIssuerNumberOfCounterparties
2 Integer
CY2012Q2 us-gaap Dividends Payable Date Declared Month And Year
DividendsPayableDateDeclaredMonthAndYear
2012-05
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2012Q2 ppl Stock Issued Future Period Shares
StockIssuedFuturePeriodShares
9900000 shares
CY2012Q2 ppl Additional Shares To Be Purchased To Cover Over Allotments
AdditionalSharesToBePurchasedToCoverOverAllotments
591000 shares
CY2012Q2 us-gaap Forward Contract Indexed To Issuers Equity Indexed Shares
ForwardContractIndexedToIssuersEquityIndexedShares
9900000 shares
CY2012Q2 ppl Forward Contract Indexed To Issuers Equity Over Allotment Shares
ForwardContractIndexedToIssuersEquityOverAllotmentShares
591000 shares
CY2012Q2 us-gaap Equity Issuance Dates
EquityIssuanceDates
2012-04-30
CY2012Q2 us-gaap Forward Contract Indexed To Issuers Equity Settlement Date Or Dates
ForwardContractIndexedToIssuersEquitySettlementDateOrDates
2013-04-30
CY2012Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-07-02
CY2012Q2 ppl Common Stock Dividends Per Share Declared As Per Annum Equivalent
CommonStockDividendsPerShareDeclaredAsPerAnnumEquivalent
1.44
ppl Statutory Period After Order For Compliance With Maximum Achievable Control Technology Standards
StatutoryPeriodAfterOrderForComplianceWithMaximumAchievableControlTechnologyStandards
3 Years
ppl Statutory Period After Order For Extension With Maximum Achievable Control Technology Standards
StatutoryPeriodAfterOrderForExtensionWithMaximumAchievableControlTechnologyStandards
1 Integer
ppl Number Of States Signing Memorandum Of Understanding Establishing Regional Greenhouse Gas Initiative
NumberOfStatesSigningMemorandumOfUnderstandingEstablishingRegionalGreenhouseGasInitiative
10 Integer
ppl Threshold Capacity Of Electric Power Plants Under Memorandum Of Understanding Establishing Regional Greenhouse Gas Initiative
ThresholdCapacityOfElectricPowerPlantsUnderMemorandumOfUnderstandingEstablishingRegionalGreenhouseGasInitiative
25 MW
ppl Percentage Reduction Carbon Dioxide From Base By2019 Per Regional Greenhouse Gas Initiative
PercentageReductionCarbonDioxideFromBaseBy2019PerRegionalGreenhouseGasInitiative
0.10 pure
ppl Percentage Reduction Greenhouse Gas By2020 Per Pennsylvania Advisory Climate Change Action Report
PercentageReductionGreenhouseGasBy2020PerPennsylvaniaAdvisoryClimateChangeActionReport
0.30 pure
ppl Proposed Mandatory Percentage Of Efficiency Improvements Power Per Plants Pennsylvania Advisory Climate Change Action Report
ProposedMandatoryPercentageOfEfficiencyImprovementsPowerPerPlantsPennsylvaniaAdvisoryClimateChangeActionReport
0.05 pure
ppl Number Of Western States Covered By Western Climate Initiative
NumberOfWesternStatesCoveredByWesternClimateInitiative
11 Integer
ppl Total Number Of Competitive Solicitations To Be Held For Provider Of Last Resort Supply Post2010
TotalNumberOfCompetitiveSolicitationsToBeHeldForProviderOfLastResortSupplyPost2010
14 Integer
CY2012Q2 ppl Number Of Competitive Solicitations Completed For Provider Of Last Resort Supply Post2010
NumberOfCompetitiveSolicitationsCompletedForProviderOfLastResortSupplyPost2010
12 Integer
ppl Competitive Solicitations To Be Held For Provider Of Last Resort Supply Post2010 Shortest Term Purchase
CompetitiveSolicitationsToBeHeldForProviderOfLastResortSupplyPost2010ShortestTermPurchase
5 Integer
ppl Competitive Solicitations To Be Held For Provider Of Last Resort Supply Post2010 Longest Term Purchase
CompetitiveSolicitationsToBeHeldForProviderOfLastResortSupplyPost2010LongestTermPurchase
10 Years
ppl Through20002006 Compensation Awarded For Lease Payment Under Hydro Electric Litigation For Riverbed Use
Through20002006CompensationAwardedForLeasePaymentUnderHydroElectricLitigationForRiverbedUse
35000000 USD
ppl Compensation In2007 Awarded For Lease Payment Under Hydro Electric Litigation For Riverbed Use
CompensationIn2007AwardedForLeasePaymentUnderHydroElectricLitigationForRiverbedUse
6000000 USD
ppl Loss Contingency Interest Accrual Rate
LossContingencyInterestAccrualRate
0.10 pure
CY2011 ppl Loss Contingency Pre Tax Loss Accrual Reversal
LossContingencyPreTaxLossAccrualReversal
89000000 USD
CY2011 ppl Loss Contingency After Tax Loss Accrual Reversal
LossContingencyAfterTaxLossAccrualReversal
53000000 USD
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22000000 USD
ppl Initial Time Period Required To Respond To Info Request
InitialTimePeriodRequiredToRespondToInfoRequest
3 Years
ppl Subsequent Frequency Required To Respond To Info Request
SubsequentFrequencyRequiredToRespondToInfoRequest
3 Years
ppl Maximum Per Day Penalty Federal Energy Regulatory Commission May Assess Under Reliability Standards
MaximumPerDayPenaltyFederalEnergyRegulatoryCommissionMayAssessUnderReliabilityStandards
1000000 USD
ppl Number Of Electric Utility Companies That Could Be Sued Under Federal Common Law
NumberOfElectricUtilityCompaniesThatCouldBeSuedUnderFederalCommonLaw
5 Integer
ppl Number Companies Cited Greenhouse Gas Case
NumberCompaniesCitedGreenhouseGasCase
87 Integer
ppl Proposed Renewable Energy Supply Energy Efficiency Requirement Stated Percentage Rate Range Minimum
ProposedRenewableEnergySupplyEnergyEfficiencyRequirementStatedPercentageRateRangeMinimum
0.15 pure
ppl Proposed Renewable Energy Supply Energy Efficiency Requirement Stated Percentage Rate Range Maximum
ProposedRenewableEnergySupplyEnergyEfficiencyRequirementStatedPercentageRateRangeMaximum
0.20 pure
ppl Number Of Approaches Proposed By Environmental Protection Agency To Regulate Coal Combustion Residuals June2010
NumberOfApproachesProposedByEnvironmentalProtectionAgencyToRegulateCoalCombustionResidualsJune2010
2 Integer
ppl Amount Of Gallons Of Pollutants Released Into Environment At Facility
AmountOfGallonsOfPollutantsReleasedIntoEnvironmentAtFacility
100000000 Gallons
ppl Number Of Units At Facility Where Environmental Issue Occurred
NumberOfUnitsAtFacilityWhereEnvironmentalIssueOccurred
2 Integer
ppl Megawatt Capacity Of Each Unit At Facility Where Environmental Issue Occurred
MegawattCapacityOfEachUnitAtFacilityWhereEnvironmentalIssueOccurred
150 MW
CY2012Q2 ppl Environmental Remediation Costs Paid
EnvironmentalRemediationCostsPaid
28000000 USD
ppl Period End Number Of Plaintiffs In Secondary Environmental Litigation
PeriodEndNumberOfPlaintiffsInSecondaryEnvironmentalLitigation
6 Integer
ppl Environmental Protection Rule On Impact Of Cooling Towers On Aquatic Organisms
EnvironmentalProtectionRuleOnImpactOfCoolingTowersOnAquaticOrganisms
2 Integer
ppl Environmental Protection Number Of Factors To Make Site Specific Determination
EnvironmentalProtectionNumberOfFactorsToMakeSiteSpecificDetermination
9 Integer
ppl Environmental Protection Agency Standard Drinking Water Related To Arsenic
EnvironmentalProtectionAgencyStandardDrinkingWaterRelatedToArsenic
10 PartsPerBillion
ppl Environmental Protection Agency Estimated Increase In Risk Of Cancer Caused By Arsenic Exposure
EnvironmentalProtectionAgencyEstimatedIncreaseInRiskOfCancerCausedByArsenicExposure
20 times
ppl Environmental Protection Agency Proposed Standard For Arsenic Particles In Drinking Water
EnvironmentalProtectionAgencyProposedStandardForArsenicParticlesInDrinkingWater
0.1 PartsPerBillion
ppl Number Of Alternatives Provided To Department Of Environmental Protection To Address Fish Kill Issues
NumberOfAlternativesProvidedToDepartmentOfEnvironmentalProtectionToAddressFishKillIssues
3 Integer
CY2012Q2 ppl Maximum Amount Of Insured Property Damages Losses Coverage Nuclear Plant
MaximumAmountOfInsuredPropertyDamagesLossesCoverageNuclearPlant
2750000000 USD
CY2012Q2 ppl Maximum Assessment Retroactive Premiums Insured Outage Loss Coverage
MaximumAssessmentRetroactivePremiumsInsuredOutageLossCoverage
48000000 USD
CY2012Q2 ppl Maximum Amount For Public Liability Claims For Nuclear Incident
MaximumAmountForPublicLiabilityClaimsForNuclearIncident
12600000000 USD
CY2012Q2 ppl Maximum Amount Assessed For Nuclear Incident
MaximumAmountAssessedForNuclearIncident
235000000 USD
CY2012Q2 ppl Maximum Amount Payable Per Year Assessed For Nuclear Incident
MaximumAmountPayablePerYearAssessedForNuclearIncident
35000000 USD
ppl Percentage Reduction Carbon Dioxide By2020 Below2005 Level Per Western Climate Initiative
PercentageReductionCarbonDioxideBy2020Below2005LevelPerWesternClimateInitiative
0.15 pure
ppl Number Electric Utilities Ordered To Enter Into Long Term Contracts
NumberElectricUtilitiesOrderedToEnterIntoLongTermContracts
3 Integer
ppl Capacity Of Natural Gas Fired Combined Cycle Generating Facility
CapacityOfNaturalGasFiredCombinedCycleGeneratingFacility
661 MW
CY2012Q3 us-gaap Bankruptcy Claims Amount Of Claims Filed
BankruptcyClaimsAmountOfClaimsFiled
375000000 USD
ppl Period To Complete Settlement In Days
PeriodToCompleteSettlementInDays
60 Integer
ppl Number Of Indirect Subsidiaries Cited Greenhouse Gas Case
NumberOfIndirectSubsidiariesCitedGreenhouseGasCase
3 Integer
ppl Notices Of Data Availability Issued
NoticesOfDataAvailabilityIssued
2 Integer
ppl Number Of Claims Remaining Against Company For Spot Market Bilateral Sales
NumberOfClaimsRemainingAgainstCompanyForSpotMarketBilateralSales
2 Integer
ppl Amount For Claims Remaining Against Company For Spot Market Bilateral Sales
AmountForClaimsRemainingAgainstCompanyForSpotMarketBilateralSales
73000000 USD
ppl Loss Contingency Settlement Value
LossContingencySettlementValue
75000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
23000000 USD
ppl Loss Contingency Damages Sought Interest
LossContingencyDamagesSoughtInterest
9000000 USD
ppl Number Phases Cross State Air Pollution Rule Be Implemented
NumberPhasesCrossStateAirPollutionRuleBeImplemented
2 Integer
CY2012Q2 ppl Sulfur Dioxide Emissions Standard
SulfurDioxideEmissionsStandard
1 Integer
CY2012Q3 ppl Employee Relations Period Years Labor Contract Regulated Subsidiary
EmployeeRelationsPeriodYearsLaborContractRegulatedSubsidiary
3 Integer
CY2012Q3 ppl Employee Relations Percentage Increase Labor Contract Regulated Subsidiary
EmployeeRelationsPercentageIncreaseLaborContractRegulatedSubsidiary
0.025 pure
CY2012Q3 ppl Employee Relations Percentage Increase Labor Contract Subsequent Regulated Subsidiary
EmployeeRelationsPercentageIncreaseLaborContractSubsequentRegulatedSubsidiary
0.025 pure
CY2012Q3 ppl Employee Relations Employees Covered Labor Contract Regulated Subsidiary
EmployeeRelationsEmployeesCoveredLaborContractRegulatedSubsidiary
70 Integer
CY2012Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
24000000 USD
CY2011Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
14000000 USD
CY2012Q2 ppl Deductible For Bodily Injury And Property Damage
DeductibleForBodilyInjuryAndPropertyDamage
4000000 USD
CY2012Q2 ppl Maximum Aggregate Coverage Bodily Injury And Property Damage
MaximumAggregateCoverageBodilyInjuryAndPropertyDamage
200000000 USD
CY2012Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000000 USD
CY2011Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
74000000 USD
CY2012Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
-20000000 USD
CY2011Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
108000000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
88000000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
21000000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
8000000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
127000000 USD
CY2012Q2 ppl Percent Of Wilshire Index Invested In Large Cap Stocks
PercentOfWilshireIndexInvestedInLargeCapStocks
0.70 pure
CY2012Q2 ppl Percent Of Wilshire Index Invested In Mid Small Cap Stocks
PercentOfWilshireIndexInvestedInMidSmallCapStocks
0.30 pure
CY2012Q2 ppl Weighted Average Coupon Of Nuclear Decommissioning Trust Funds Debt Securities
WeightedAverageCouponOfNuclearDecommissioningTrustFundsDebtSecurities
0.0422 pure
CY2012Q2 ppl Weighted Average Maturity For Debt Securities Held By Nuclear Decommissioning Trust Funds
WeightedAverageMaturityForDebtSecuritiesHeldByNuclearDecommissioningTrustFunds
8.3 Integer
CY2012Q2 ppl Concentration Risk Credit Risk Fin Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinInstrumentMaximumExposure
2900000000 USD
ppl Proprietary Trading Activities Positions Insignificant
ProprietaryTradingActivitiesPositionsInsignificant
insignificant
CY2012Q2 ppl Fair Value Concentration Of Credit Risk After Master Netting Collateral Arrangements
FairValueConcentrationOfCreditRiskAfterMasterNettingCollateralArrangements
843000000 USD
CY2012Q2 ppl Dollar Exposure To Top Ten Counterparties
DollarExposureToTopTenCounterparties
429000000 USD
CY2012Q2 ppl Percentage Exposure To Top Ten Counterparties
PercentageExposureToTopTenCounterparties
0.51 pure
CY2012Q2 ppl Cash Collateral Obligation Under Master Netting Arrangement
CashCollateralObligationUnderMasterNettingArrangement
205000000 USD
CY2011Q4 ppl Cash Collateral Obligation Under Master Netting Arrangement
CashCollateralObligationUnderMasterNettingArrangement
147000000 USD
CY2011Q4 ppl Cash Collateral Posted Under Master Netting Arrangements
CashCollateralPostedUnderMasterNettingArrangements
29000000 USD
CY2012Q2 ppl Cash Collateral Posted Under Master Netting Arrangements
CashCollateralPostedUnderMasterNettingArrangements
31000000 USD
us-gaap Gain Loss On Price Risk Cash Flow Hedge Ineffectiveness
GainLossOnPriceRiskCashFlowHedgeIneffectiveness
-14000000 USD
CY2011Q2 us-gaap Gain Loss On Price Risk Cash Flow Hedge Ineffectiveness
GainLossOnPriceRiskCashFlowHedgeIneffectiveness
-10000000 USD
CY2012Q2 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
260000000 USD
ppl Price Risk Cash Flow Hedge Gain Loss Reclassified To Earnings Net Text
PriceRiskCashFlowHedgeGainLossReclassifiedToEarningsNetText
insignificant
ppl Maximum Maturity Date Of Economic Activity Instruments
MaximumMaturityDateOfEconomicActivityInstruments
2019
CY2012Q2 ppl Fair Value Commodity Derivative Contracts Classified Economic Activity
FairValueCommodityDerivativeContractsClassifiedEconomicActivity
796000000 USD
CY2011Q4 ppl Fair Value Commodity Derivative Contracts Classified Economic Activity
FairValueCommodityDerivativeContractsClassifiedEconomicActivity
-63000000 USD
CY2012Q2 ppl Baseload Generation Fleet Generating Capacity
BaseloadGenerationFleetGeneratingCapacity
7252 MW
CY2012Q2 ppl Intermediate And Peaking Fleet Generating Capacity
IntermediateAndPeakingFleetGeneratingCapacity
3256 MW
CY2012Q2 us-gaap Notional Amount Of Interest Rate Cash Flow Hedge Derivatives
NotionalAmountOfInterestRateCashFlowHedgeDerivatives
300000000 USD
CY2012Q2 ppl Derivative Notional Amount For Specific Subsidiary
DerivativeNotionalAmountForSpecificSubsidiary
960000000 USD
CY2012Q2 ppl Derivative Higher Remaining Maturity Range Specific Subsidiary
DerivativeHigherRemainingMaturityRangeSpecificSubsidiary
2021
CY2012Q2 invest Derivative Notional Amount
DerivativeNotionalAmount
302000000 USD
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DerivativeHigherRemainingMaturityRange
2028
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CY2012Q2 us-gaap Notional Amount Of Derivative Instruments Designated As Net Investment Hedges
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153000000 USD
CY2012Q2 us-gaap Notional Amount Of Derivative Instruments Designated As Net Investment Hedges
NotionalAmountOfDerivativeInstrumentsDesignatedAsNetInvestmentHedges
96000000 GBP
CY2011Q4 us-gaap Net Investment Hedge Derivatives At Fair Value Net
NetInvestmentHedgeDerivativesAtFairValueNet
7000000 USD
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TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
19000000 USD
us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
19000000 USD
CY2011Q4 ppl Total Exposure Hedged Foreign Currency Contracts Classifed As Economic Activity
TotalExposureHedgedForeignCurrencyContractsClassifedAsEconomicActivity
288000000 GBP
CY2012Q2 ppl Total Exposure Hedged Foreign Currency Contracts Classifed As Economic Activity
TotalExposureHedgedForeignCurrencyContractsClassifedAsEconomicActivity
1000000000 GBP
CY2012Q2 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
12000000 USD
CY2011Q4 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
11000000 USD
ppl Minimum Termination Date Net Investment Hedges Classified As Economic Activity
MinimumTerminationDateNetInvestmentHedgesClassifiedAsEconomicActivity
July 2012
ppl Maximum Termination Date Net Investment Hedges Classified As Economic Activity
MaximumTerminationDateNetInvestmentHedgesClassifiedAsEconomicActivity
June 2014
ppl Minimum Settlement Date Net Investment Hedges
MinimumSettlementDateNetInvestmentHedges
September 2012
ppl Maximum Settlement Date Net Investment Hedges
MaximumSettlementDateNetInvestmentHedges
June 2013
CY2011Q2 ppl Gains Losses On Foreign Currency Contracts Classified As Economic Activity For Debt Or Commitments
GainsLossesOnForeignCurrencyContractsClassifiedAsEconomicActivityForDebtOrCommitments
62000000 USD
ppl Gains Losses On Foreign Currency Contracts Classified As Economic Activity For Debt Or Commitments
GainsLossesOnForeignCurrencyContractsClassifiedAsEconomicActivityForDebtOrCommitments
55000000 USD
CY2011Q2 ppl Accumulated Other Comprehensive Income Loss Excluding Net Investment Hedges Net Of Tax
AccumulatedOtherComprehensiveIncomeLossExcludingNetInvestmentHedgesNetOfTax
544000000 USD
CY2012Q2 ppl Accumulated Other Comprehensive Income Loss Excluding Net Investment Hedges Net Of Tax
AccumulatedOtherComprehensiveIncomeLossExcludingNetInvestmentHedgesNetOfTax
333000000 USD
CY2011Q4 ppl Accumulated Other Comprehensive Income Loss Excluding Net Investment Hedges Net Of Tax
AccumulatedOtherComprehensiveIncomeLossExcludingNetInvestmentHedgesNetOfTax
527000000 USD
CY2010Q4 ppl Accumulated Other Comprehensive Income Loss Excluding Net Investment Hedges Net Of Tax
AccumulatedOtherComprehensiveIncomeLossExcludingNetInvestmentHedgesNetOfTax
695000000 USD
CY2012Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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25000000 USD
ppl Number Of Strategies Used To Maximize Wholesale Energy Portfolio Value
NumberOfStrategiesUsedToMaximizeWholesaleEnergyPortfolioValue
4 Integer
CY2012Q2 ppl Price Risk Cash Flow Hedge Gain Loss Reclassified To Earnings Net Text
PriceRiskCashFlowHedgeGainLossReclassifiedToEarningsNetText
insignificant
us-gaap Price Risk Cash Flow Hedge Ineffectiveness Is Immaterial
PriceRiskCashFlowHedgeIneffectivenessIsImmaterial
insignificant
CY2012Q2 us-gaap Price Risk Cash Flow Hedge Ineffectiveness Is Immaterial
PriceRiskCashFlowHedgeIneffectivenessIsImmaterial
insignificant
us-gaap Maximum Length Of Time Hedged In Price Risk Cash Flow Hedge
MaximumLengthOfTimeHedgedInPriceRiskCashFlowHedge
2016
us-gaap Maximum Length Of Time Hedged In Interest Rate Cash Flow Hedge
MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge
2023
us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
-9000000 USD
CY2012Q2 us-gaap Interest Rate Cash Flow Hedge Ineffectiveness Is Immaterial
InterestRateCashFlowHedgeIneffectivenessIsImmaterial
insignificant
us-gaap Interest Rate Cash Flow Hedge Ineffectiveness Is Immaterial
InterestRateCashFlowHedgeIneffectivenessIsImmaterial
insignificant
ppl Maximum Length Of Time Hedged In Interest Rate Fair Value Hedge
MaximumLengthOfTimeHedgedInInterestRateFairValueHedge
2047
CY2012Q2 us-gaap Notional Amount Of Interest Rate Fair Value Hedge Derivatives
NotionalAmountOfInterestRateFairValueHedgeDerivatives
99000000 USD
ppl Net Investment Hedge Derivatives At Fair Value Net Insignificant
NetInvestmentHedgeDerivativesAtFairValueNetInsignificant
insignificant
CY2011Q2 ppl Insignificant Or No Gains Losses On Foreign Currency Contracts Classified As Economic Activity
InsignificantOrNoGainsLossesOnForeignCurrencyContractsClassifiedAsEconomicActivity
insignificant
ppl Insignificant Or No Gains Losses On Foreign Currency Contracts Classified As Economic Activity
InsignificantOrNoGainsLossesOnForeignCurrencyContractsClassifiedAsEconomicActivity
insignificant
ppl Gain Loss On Components Excluded From Assessment Of Interest Rate Fair Value Hedge Effectiveness Insignificant
GainLossOnComponentsExcludedFromAssessmentOfInterestRateFairValueHedgeEffectivenessInsignificant
did not recognize
CY2012Q2 ppl Gain Loss On Components Excluded From Assessment Of Interest Rate Fair Value Hedge Effectiveness Insignificant
GainLossOnComponentsExcludedFromAssessmentOfInterestRateFairValueHedgeEffectivenessInsignificant
did not recognize
CY2011Q2 ppl Gain Loss On Components Excluded From Assessment Of Interest Rate Fair Value Hedge Effectiveness Insignificant
GainLossOnComponentsExcludedFromAssessmentOfInterestRateFairValueHedgeEffectivenessInsignificant
did not recognize
ppl Gain Loss On Components Excluded From Assessment Of Interest Rate Fair Value Hedge Effectiveness Insignificant
GainLossOnComponentsExcludedFromAssessmentOfInterestRateFairValueHedgeEffectivenessInsignificant
did not recognize
ppl Gain Loss From Hedged Firm Commitment Not Qualifying As Interest Rate Fair Value Hedge Insignificant
GainLossFromHedgedFirmCommitmentNotQualifyingAsInterestRateFairValueHedgeInsignificant
did not recognize
CY2012Q2 ppl Gain Loss From Hedged Firm Commitment Not Qualifying As Interest Rate Fair Value Hedge Insignificant
GainLossFromHedgedFirmCommitmentNotQualifyingAsInterestRateFairValueHedgeInsignificant
did not recognize
CY2011Q2 ppl Gain Loss From Hedged Firm Commitment Not Qualifying As Interest Rate Fair Value Hedge Insignificant
GainLossFromHedgedFirmCommitmentNotQualifyingAsInterestRateFairValueHedgeInsignificant
did not recognize
ppl Gain Loss From Hedged Firm Commitment Not Qualifying As Interest Rate Fair Value Hedge Insignificant
GainLossFromHedgedFirmCommitmentNotQualifyingAsInterestRateFairValueHedgeInsignificant
did not recognize
us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
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did not recognize
CY2012Q2 us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
IneffectivenessOnInterestRateFairValueHedgesIsImmaterial
did not recognize
CY2011Q2 us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
IneffectivenessOnInterestRateFairValueHedgesIsImmaterial
did not recognize
us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
IneffectivenessOnInterestRateFairValueHedgesIsImmaterial
did not recognize
ppl Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Insignificant
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringInsignificant
no such reclassifications
CY2012Q2 ppl Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Insignificant
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringInsignificant
no such reclassifications
CY2011Q2 ppl Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Insignificant
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringInsignificant
no such reclassifications
ppl Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Insignificant
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringInsignificant
no such reclassifications
CY2011Q2 ppl Gain Loss On Interest Rate Cash Flow Hedge Failed Effectiveness Testing
GainLossOnInterestRateCashFlowHedgeFailedEffectivenessTesting
-4000000 USD
CY2012Q2 ppl Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax Insignificant
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTaxInsignificant
insignificant
ppl Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax Insignificant
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTaxInsignificant
insignificant
ppl Price Risk Cash Flow Hedge Gain Loss Reclassified To Earnings Net Text
PriceRiskCashFlowHedgeGainLossReclassifiedToEarningsNetText
insignificant
CY2011Q2 ppl Price Risk Cash Flow Hedge Gain Loss Reclassified To Earnings Net Text
PriceRiskCashFlowHedgeGainLossReclassifiedToEarningsNetText
insignificant
CY2012Q2 us-gaap Notional Amount Of Nonderivative Instruments Designated As Net Investment Hedges
NotionalAmountOfNonderivativeInstrumentsDesignatedAsNetInvestmentHedges
28000000 GBP
CY2012Q2 us-gaap Notional Amount Of Nonderivative Instruments Designated As Net Investment Hedges
NotionalAmountOfNonderivativeInstrumentsDesignatedAsNetInvestmentHedges
43000000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
7000000 USD
ppl Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax Insignificant
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTaxInsignificant
insignificant
CY2011Q2 ppl Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax Insignificant
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTaxInsignificant
insignificant
CY2012Q2 ppl Notional Amount Of Interest Rate Swaps Classified Economic Activity
NotionalAmountOfInterestRateSwapsClassifiedEconomicActivity
179000000 USD
ppl Maximum Length Of Time Hedged In Interest Rate Economic Activity Hedge
MaximumLengthOfTimeHedgedInInterestRateEconomicActivityHedge
2033
CY2012Q2 ppl Fair Value Interest Rate Swaps Classifed Economic Activity
FairValueInterestRateSwapsClassifedEconomicActivity
62000000 USD
CY2011Q4 ppl Fair Value Interest Rate Swaps Classifed Economic Activity
FairValueInterestRateSwapsClassifedEconomicActivity
60000000 USD
CY2012Q2 ppl Pretax Gain Loss Derivatives No Longer Designated As Hedging Instruments Recorded In Aoci
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455000000 USD
CY2011Q4 ppl Pretax Gain Loss Derivatives No Longer Designated As Hedging Instruments Recorded In Aoci
PretaxGainLossDerivativesNoLongerDesignatedAsHedgingInstrumentsRecordedInAoci
237000000 USD
CY2012Q2 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
34000000 USD
CY2012Q2 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
186000000 USD
CY2012Q2 ppl Derivative Net Liability Position Aggregate Fair Value Alternative
DerivativeNetLiabilityPositionAggregateFairValueAlternative
211000000 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
497000000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
6000000 USD
CY2012Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
510000000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2000000 USD
CY2012Q2 us-gaap Decommissioning Liability Noncurrent
DecommissioningLiabilityNoncurrent
304000000 USD
CY2011Q4 us-gaap Decommissioning Liability Noncurrent
DecommissioningLiabilityNoncurrent
292000000 USD
CY2010Q4 ppl Pollution Control Revenue Bonds Principal Amount
PollutionControlRevenueBondsPrincipalAmount
163000000 USD
CY2012Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
486000000 USD
CY2012Q2 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
216000000 USD
CY2012Q2 us-gaap Available For Sale Securities Gross Unrealized Losses1
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3000000 USD
CY2012Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
699000000 USD
CY2011Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
479000000 USD
CY2011Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
187000000 USD
CY2011Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
664000000 USD
CY2011Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
2000000 USD
CY2011Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
6000000 USD
CY2012Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
5000000 USD
ppl Proceeds From Sale Of Other Investment
ProceedsFromSaleOfOtherInvestment
5000000 USD
CY2012Q2 ppl Proceeds From Sale Of Other Investment
ProceedsFromSaleOfOtherInvestment
5000000 USD
CY2011Q2 ppl Proceeds From Sale Of Other Investment
ProceedsFromSaleOfOtherInvestment
0 USD
ppl Proceeds From Sale Of Other Investment
ProceedsFromSaleOfOtherInvestment
163000000 USD
CY2011Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
6000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
13000000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
23000000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
6000000 USD
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
11000000 USD
CY2012Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
45000000 USD
CY2011Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
25000000 USD
CY2012Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
8000000 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0px;">18</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">New Accounting Guidance Pending Adoption</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">(</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">PPL</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">PPL</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> Energy Supply, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">PPL</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> Electric</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">, LKE, LG&amp;E </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">and KU</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">)</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0px;">Improving Disclosures about Offsetting Balance Sheet Items</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Effective January 1, 2013, the Registrants will retrospectively adopt accounting guidance issued to enhance disclosures about financial instruments and derivative instruments that either (1) offset on the balance sheet or (2) are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset on the balance sheet.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Upon adoption, the enhanced disclosure requirements are not expected to have a significant impact on the Registrants. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0px;">Testing Indefinite-Lived Intangible Assets for Impairment</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Effective January 1, 2013, the Registrants will prospectively adopt accounting guidance that allows an entity to elect the option to first make a qualitative evaluation about the likelihood of an impairment of </font><font style="font-family:Times New Roman;font-size:10pt;">an </font><font style="font-family:Times New Roman;font-size:10pt;">in</font><font style="font-family:Times New Roman;font-size:10pt;">definite-lived intangible asset</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> If, based on this assessment, the entity determines that </font><font style="font-family:Times New Roman;font-size:10pt;">it </font><font style="font-family:Times New Roman;font-size:10pt;">is more likely than not that the fair value of the indefinite-lived intangible asset exceeds the carrying amount, the fair value of that asset does not need to be calculated. If the entity concludes otherwise, </font><font style="font-family:Times New Roman;font-size:10pt;">a quantitative impairment test must be performed by determining </font><font style="font-family:Times New Roman;font-size:10pt;">the fair value of the asset and compar</font><font style="font-family:Times New Roman;font-size:10pt;">ing it</font><font style="font-family:Times New Roman;font-size:10pt;"> with the carrying valu</font><font style="font-family:Times New Roman;font-size:10pt;">e. The entity would record an </font><font style="font-family:Times New Roman;font-size:10pt;">impairment charge, if necessary.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Upon adoption, </font><font style="font-family:Times New Roman;font-size:10pt;">this guidance is</font><font style="font-family:Times New Roman;font-size:10pt;"> not expected to have a significant impact on the Registrants.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p>

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