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Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2020

Variable Interest Entity [Line Items]

The following table summarizes the amounts and expiration dates of the credit facilities and associated restricted receivables described above.


	Duke Energy
			Duke Energy		Duke Energy		Duke Energy
			Carolinas		Progress		Florida
(in millions)	CRC		DERF		DEPR		DEFR
Expiration date	February 2023		December 2022		April 2023		April 2021
Credit facility amount	$	350	$	475	$	350	$	250
Amounts borrowed at December 31, 2020	350		364		250		250
Amounts borrowed at December 31, 2019	350		474		325		250
Restricted Receivables at December 31, 2020	547		696		500		397
Restricted Receivables at December 31, 2019	522		642		489		336

Consolidated VIEs | DEFPF

Variable Interest Entity [Line Items]

Schedule Of Variable Interest Entities

The following table summarizes the impact of DEFPF on Duke Energy Florida's Consolidated Balance Sheets.


	December 31,
(in millions)	2020		2019
Receivables of VIEs	$	4	$	5
Regulatory Assets: Current	53		52
Current Assets: Other	39		39
Other Noncurrent Assets: Regulatory assets	937		989
Current Liabilities: Other	10		10
Current maturities of long-term debt	55		54
Long-Term Debt	1,002		1,057

Consolidated VIEs | Commercial Renewables

Variable Interest Entity [Line Items]

Schedule Of Variable Interest Entities

The table below presents material balances reported on Duke Energy's Consolidated Balance Sheets related to Commercial Renewables VIEs.


	December 31,
(in millions)	2020		2019
Current Assets: Other	$	257	$	203
Property, Plant and Equipment: Cost	6,394		5,747
Accumulated depreciation and amortization	(1,242)		(1,041)
Other Noncurrent Assets: Other	67		106
Current maturities of long-term debt	167		162
Long-Term Debt	1,569		1,541

Other Noncurrent Liabilities: AROs	148		127
Other Noncurrent Liabilities: Other	316		228

Non-consolidated VIEs

Variable Interest Entity [Line Items]

Schedule Of Variable Interest Entities

The following tables summarize the impact of non-consolidated VIEs on the Consolidated Balance Sheets.


	December 31, 2020
	Duke Energy				Duke		Duke
	Pipeline		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	—	$	—	$	83	$	110

Investments in equity method unconsolidated affiliates	—		530		530		—		—
Other noncurrent assets	31		—		31		—		—
Total assets	$	31	$	530	$	561	$	83	$	110

Other current liabilities	928		5		933		—		—

Other noncurrent liabilities	8		10		18		—		—
Total liabilities	$	936	$	15	$	951	$	—	$	—
Net assets (liabilities)	$	(905)	$	515	$	(390)	$	83	$	110


	December 31, 2019
	Duke Energy				Duke		Duke
	Pipeline		Commercial				Energy		Energy
(in millions)	Investments		Renewables		Total		Ohio		Indiana
Receivables from affiliated companies	$	—	$	(1)	$	(1)	$	64	$	77

Investments in equity method unconsolidated affiliates	1,179		300		1,479		—		—

Total assets	$	1,179	$	299	$	1,478	$	64	$	77
Taxes accrued	(1)		—		(1)		—		—
Other current liabilities	—		4		4		—		—
Deferred income taxes	59		—		59		—		—
Other noncurrent liabilities	—		11		11		—		—
Total liabilities	$	58	$	15	$	73	$	—	$	—
Net assets	$	1,121	$	284	$	1,405	$	64	$	77

Non-consolidated VIEs | CRC

Variable Interest Entity [Line Items]

Schedule Of Variable Interest Entities

Key assumptions used in estimating fair value are detailed in the following table.


	Duke Energy Ohio				Duke Energy Indiana
	2020		2019		2020		2019
Anticipated credit loss ratio	0.5	%	0.6	%	0.3	%	0.3	%
Discount rate	1.6	%	3.3	%	1.6	%	3.3	%
Receivable turnover rate	13.4	%	13.4	%	11.3	%	11.5	%

The following table shows the gross and net receivables sold.


	Duke Energy Ohio				Duke Energy Indiana
	December 31,				December 31,
(in millions)	2020		2019		2020		2019
Receivables sold	$	270	$	253	$	344	$	307
Less: Retained interests	83		64		110		77
Net receivables sold	$	187	$	189	$	234	$	230

The following table shows sales and cash flows related to receivables sold.


	Duke Energy Ohio						Duke Energy Indiana
	Years Ended December 31,						Years Ended December 31,
(in millions)	2020		2019		2018		2020		2019		2018
Sales
Receivables sold	$	1,905	$	1,979	$	1,987	$	2,631	$	2,837	$	2,842
Loss recognized on sale	10		14		13		12		17		16
Cash flows
Cash proceeds from receivables sold	1,875		1,993		1,967		2,586		2,860		2,815
Collection fees received	1		1		1		1		1		1
Return received on retained interests	4		6		6		5		9		9

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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