XML 52 R59.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Statements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Operating revenues            
Regulated electric $ 2,775 $ 2,743 $ 7,135 $ 7,161    
Non-regulated electric and other 13 10 43 35    
Total operating revenues 2,788 2,753 7,178 7,196    
Operating expenses            
Fuel used in electric generation and purchased power 1,396 1,234 3,299 3,186    
Operation, maintenance and other 626 494 1,798 1,500    
Depreciation and amortization 174 175 571 508    
Property and other taxes 160 164 440 437    
Impairment charges 55 0 55 0    
Total operating expenses 2,411 2,067 6,163 5,631    
Gains on sales of other assets and other, net 2 1 4 2    
Operating (loss) income 379 687 1,019 1,567    
Other income and expenses, net 32 (44) 97 21    
Interest expense, net 182 172 560 542    
Income (Loss) from Continuing Operations before Income Taxes 229 471 556 1,046    
Income tax expense from continuing operations 75 178 193 386    
Income from continuing operations 154 293 363 660    
Income (loss) from discontinued operations, net of tax 3 0 10 (4)    
Net income (loss) 157 293 373 656    
Less: net income attributable to noncontrolling interests 2 2 5 5    
Net income attributable to Duke Energy Corporation 155 291 368 651    
Comprehensive income, net of tax            
Comprehensive income 255 228 472 574    
Comprehensive income attributable to noncontrolling interests, net of tax (2) (2) (5) (5)    
Comprehensive income attributable to Duke Energy Corporation 253 226 467 569    
Current assets            
Cash and cash equivalents 57 103 57 103    
Receivables 930   930   883  
Notes receivable from affiliated companies 0   0   0  
Inventory 1,366   1,366   1,429  
Prepayments and other current assets 673   673   778  
Total current assets 3,026   3,026   3,320  
Investments and other assets            
Nuclear decommissioning trust funds 1,844   1,844   1,647  
Investment in consolidated subsidiaries 0   0   0  
Goodwill 3,655   3,655   3,655  
Other 532   532   504  
Total investments and other assets 6,031   6,031   5,806  
Net property, plant and equipment 24,167   24,167   22,292  
Regulatory assets and deferred debits            
Regulatory assets 3,331   3,331   3,424  
Other 96   96   89  
Total regulatory assets and deferred debits 3,427   3,427   3,513  
Total assets 36,651   36,651   34,931  
Current liabilities            
Notes payable and commercial paper 0   0   671  
Current maturities of long-term debt 838   838   961  
Notes payable to affiliated companies 635   635   0  
Other 2,263   2,263   2,387  
Total current liabilities 3,736   3,736   4,019  
Long-term debt 12,664   12,664   11,918  
Long-term debt, affiliate 274   274   273  
Deferred credits and other liabilities            
Deferred income taxes 2,509   2,509   2,193  
Asset retirement obligations 2,137   2,137   1,265  
Regulatory liabilities 2,704   2,704   2,727  
Deferred credits and other liabilities 2,381   2,381   2,418  
Total deferred credits and other liabilities 9,731   9,731   8,603  
Preferred stock of subsidiaries 93   93   93  
Equity            
Common shareholders' equity 10,150   10,150   10,021  
Noncontrolling interests 3   3   4  
Total equity 10,153 10,115 10,153 10,115 10,025 10,027
Total liabilities and equity 36,651   36,651   34,931  
Condensed Consolidating Statement of Cash Flows            
Net cash provided (used) by operating activities     1,450 1,258    
Cash flows from investing activities            
Capital expenditures     (1,695) (1,647)    
Purchases of available-for-sale securities     (947) (4,537)    
Proceeds from sales and maturities of available-for-sale securities     921 4,509    
Other     112 100    
Net cash provided (used) by investing activities     (1,609) (1,575)    
Cash flows from financing activities            
Issuance of long-term debt     1,432 1,286    
Issuance of common stock related to employee benefit plans     6 42    
Payments for the redemption of long-term debt     (961) (1,010)    
Notes payable and commercial paper     (671) 45    
Distributions to noncontrolling interests     (6) (6)    
Dividends paid     (445) (550)    
Notes payable to affiliate     635 0    
Other     (4) 2    
Net cash provided (used) by financing activities     (14) (191)    
Net increase (decrease) in cash and cash equivalents     (173) (508)    
Cash and cash equivalents at beginning of period     230 611    
Cash and cash equivalents at end of period 57 103 57 103    
Parent [Member]
           
Operating revenues            
Regulated electric 0 0 0 0    
Non-regulated electric and other 0 0 0 0    
Total operating revenues 0 0 0 0    
Operating expenses            
Fuel used in electric generation and purchased power 0 0 0 0    
Operation, maintenance and other 0 2 4 6    
Depreciation and amortization 0 0 0 0    
Property and other taxes 0 0 0 0    
Impairment charges 0 0 0 0    
Total operating expenses 0 2 4 6    
Gains on sales of other assets and other, net 0 0 0 0    
Operating (loss) income 0 (2) (4) (6)    
Equity in earnings of consolidated subsidiaries 203 391 489 832    
Other income and expenses, net (1) (63) 8 (59)    
Interest expense, net 63 80 193 216    
Income (Loss) from Continuing Operations before Income Taxes 139 246 300 551    
Income tax expense from continuing operations (16) (45) (68) (100)    
Income from continuing operations 155 291 368 651    
Income (loss) from discontinued operations, net of tax 0 0 0 0    
Net income (loss) 155 291 368 651    
Less: net income attributable to noncontrolling interests 0 0 0 0    
Net income attributable to Duke Energy Corporation 155 291 368 651    
Comprehensive income, net of tax            
Comprehensive income 253 226 467 569    
Comprehensive income attributable to noncontrolling interests, net of tax 0 0 0 0    
Comprehensive income attributable to Duke Energy Corporation 253 226 467 569    
Current assets            
Cash and cash equivalents 0 0 0 0    
Receivables 0   0   0  
Notes receivable from affiliated companies 676   676   53  
Inventory 0   0   0  
Prepayments and other current assets 59   59   127  
Total current assets 735   735   297  
Investments and other assets            
Nuclear decommissioning trust funds 0   0   0  
Investment in consolidated subsidiaries 14,171   14,171   14,043  
Goodwill 0   0   0  
Other 151   151   118  
Total investments and other assets 14,322   14,322   14,161  
Net property, plant and equipment 0   0   0  
Regulatory assets and deferred debits            
Regulatory assets 0   0   0  
Other 23   23   22  
Total regulatory assets and deferred debits 23   23   22  
Total assets 15,080   15,080   14,480  
Current liabilities            
Notes payable and commercial paper 0   0   250  
Current maturities of long-term debt 0   0   450  
Notes payable to affiliated companies 843   843   0  
Other 75   75   199  
Total current liabilities 918   918   899  
Long-term debt 3,992   3,992   3,543  
Long-term debt, affiliate 0   0   0  
Deferred credits and other liabilities            
Deferred income taxes 0   0   0  
Asset retirement obligations 0   0   0  
Regulatory liabilities 0   0   0  
Deferred credits and other liabilities 20   20   17  
Total deferred credits and other liabilities 20   20   17  
Preferred stock of subsidiaries 0   0   0  
Equity            
Common shareholders' equity 10,150   10,150   10,021  
Noncontrolling interests 0   0   0  
Total equity 10,150   10,150   10,021  
Total liabilities and equity 15,080   15,080   14,480  
Condensed Consolidating Statement of Cash Flows            
Net cash provided (used) by operating activities     335 659    
Cash flows from investing activities            
Capital expenditures     0 0    
Purchases of available-for-sale securities     0 0    
Proceeds from sales and maturities of available-for-sale securities     0 0    
Notes due from affiliate     (624) (83)    
Return of investment in consolidated subsidiaries     0 0    
Contributions to consolidated subsidiaries     0 (11)    
Other     24 (6)    
Net cash provided (used) by investing activities     (600) (100)    
Cash flows from financing activities            
Issuance of long-term debt     444 494    
Issuance of common stock related to employee benefit plans     6 42    
Payments for the redemption of long-term debt     (450) (700)    
Notes payable and commercial paper     (250) 45    
Distributions to noncontrolling interests     0 0    
Dividends paid     (445) (550)    
Dividends to parent     0 0    
Dividends paid to parent in excess of retained earnings     0 0    
Notes payable to affiliate     843 0    
Contributions from parent     0 0    
Other     0 0    
Net cash provided (used) by financing activities     148 (669)    
Net increase (decrease) in cash and cash equivalents     (117) (110)    
Cash and cash equivalents at beginning of period     117 110    
Cash and cash equivalents at end of period 0 0 0 0    
Subsidiary Guarantor [Member]
           
Operating revenues            
Regulated electric 1,382 1,414 3,576 3,639    
Non-regulated electric and other 10 9 26 24    
Total operating revenues 1,392 1,423 3,602 3,663    
Operating expenses            
Fuel used in electric generation and purchased power 799 690 1,849 1,804    
Operation, maintenance and other 247 225 668 659    
Depreciation and amortization 39 39 158 112    
Property and other taxes 100 106 272 274    
Impairment charges 0 0 0 0    
Total operating expenses 1,185 1,060 2,947 2,849    
Gains on sales of other assets and other, net 1 1 2 2    
Operating (loss) income 208 364 657 816    
Equity in earnings of consolidated subsidiaries 0 0 0 0    
Other income and expenses, net 12 2 32 25    
Interest expense, net 67 52 210 193    
Income (Loss) from Continuing Operations before Income Taxes 153 314 479 648    
Income tax expense from continuing operations 55 116 177 240    
Income from continuing operations 98 198 302 408    
Income (loss) from discontinued operations, net of tax 2 1 10 (2)    
Net income (loss) 100 199 312 406    
Less: net income attributable to noncontrolling interests 1 1 3 3    
Net income attributable to Duke Energy Corporation 99 198 309 403    
Comprehensive income, net of tax            
Comprehensive income 118 182 331 384    
Comprehensive income attributable to noncontrolling interests, net of tax (1) (1) (3) (3)    
Comprehensive income attributable to Duke Energy Corporation 117 181 328 381    
Current assets            
Cash and cash equivalents 38 34 38 34    
Receivables 435   435   367  
Notes receivable from affiliated companies 0   0   0  
Inventory 618   618   659  
Prepayments and other current assets 417   417   418  
Total current assets 1,508   1,508   1,536  
Investments and other assets            
Nuclear decommissioning trust funds 621   621   559  
Investment in consolidated subsidiaries 0   0   0  
Goodwill 0   0   0  
Other 232   232   189  
Total investments and other assets 853   853   748  
Net property, plant and equipment 10,885   10,885   10,455  
Regulatory assets and deferred debits            
Regulatory assets 1,446   1,446   1,629  
Other 49   49   51  
Total regulatory assets and deferred debits 1,495   1,495   1,680  
Total assets 14,741   14,741   14,419  
Current liabilities            
Notes payable and commercial paper 0   0   233  
Current maturities of long-term debt 435   435   10  
Notes payable to affiliated companies 431   431   238  
Other 1,120   1,120   1,030  
Total current liabilities 1,986   1,986   1,511  
Long-term debt 4,237   4,237   4,671  
Long-term debt, affiliate 309   309   309  
Deferred credits and other liabilities            
Deferred income taxes 960   960   757  
Asset retirement obligations 514   514   369  
Regulatory liabilities 880   880   1,024  
Deferred credits and other liabilities 923   923   1,012  
Total deferred credits and other liabilities 3,277   3,277   3,162  
Preferred stock of subsidiaries 34   34   34  
Equity            
Common shareholders' equity 4,895   4,895   4,728  
Noncontrolling interests 3   3   4  
Total equity 4,898   4,898   4,732  
Total liabilities and equity 14,741   14,741   14,419  
Condensed Consolidating Statement of Cash Flows            
Net cash provided (used) by operating activities     733 664    
Cash flows from investing activities            
Capital expenditures     (573) (626)    
Purchases of available-for-sale securities     (562) (4,099)    
Proceeds from sales and maturities of available-for-sale securities     561 4,101    
Notes due from affiliate     0 22    
Return of investment in consolidated subsidiaries     0 0    
Contributions to consolidated subsidiaries     0 0    
Other     13 102    
Net cash provided (used) by investing activities     (561) (500)    
Cash flows from financing activities            
Issuance of long-term debt     0 296    
Issuance of common stock related to employee benefit plans     0 0    
Payments for the redemption of long-term debt     (9) (309)    
Notes payable and commercial paper     (233) 0    
Distributions to noncontrolling interests     (3) (4)    
Dividends paid     0 0    
Dividends to parent     (173) (478)    
Dividends paid to parent in excess of retained earnings     0 0    
Notes payable to affiliate     193 84    
Contributions from parent     0 10    
Other     (1) 1    
Net cash provided (used) by financing activities     (226) (400)    
Net increase (decrease) in cash and cash equivalents     (54) (236)    
Cash and cash equivalents at beginning of period     92 270    
Cash and cash equivalents at end of period 38 34 38 34    
Non-Guarantor Subsidiaries [Member]
           
Operating revenues            
Regulated electric 1,394 1,330 3,561 3,524    
Non-regulated electric and other 4 2 17 11    
Total operating revenues 1,398 1,332 3,578 3,535    
Operating expenses            
Fuel used in electric generation and purchased power 597 544 1,450 1,382    
Operation, maintenance and other 378 265 1,120 829    
Depreciation and amortization 135 136 413 396    
Property and other taxes 63 58 175 168    
Impairment charges 55 0 55 0    
Total operating expenses 1,228 1,003 3,213 2,775    
Gains on sales of other assets and other, net 1 0 2 0    
Operating (loss) income 171 329 367 760    
Equity in earnings of consolidated subsidiaries 0 0 0 0    
Other income and expenses, net 23 14 58 54    
Interest expense, net 53 41 157 134    
Income (Loss) from Continuing Operations before Income Taxes 141 302 268 680    
Income tax expense from continuing operations 43 103 88 243    
Income from continuing operations 98 199 180 437    
Income (loss) from discontinued operations, net of tax 1 (1) 0 (2)    
Net income (loss) 99 198 180 435    
Less: net income attributable to noncontrolling interests 0 0 0 0    
Net income attributable to Duke Energy Corporation 99 198 180 435    
Comprehensive income, net of tax            
Comprehensive income 170 165 250 393    
Comprehensive income attributable to noncontrolling interests, net of tax 0 0 0 0    
Comprehensive income attributable to Duke Energy Corporation 170 165 250 393    
Current assets            
Cash and cash equivalents 19 69 19 69    
Receivables 495   495   516  
Notes receivable from affiliated companies 209   209   219  
Inventory 749   749   770  
Prepayments and other current assets 293   293   297  
Total current assets 1,765   1,765   1,823  
Investments and other assets            
Nuclear decommissioning trust funds 1,223   1,223   1,088  
Investment in consolidated subsidiaries 0   0   0  
Goodwill 0   0   0  
Other 695   695   675  
Total investments and other assets 1,918   1,918   1,763  
Net property, plant and equipment 13,126   13,126   11,677  
Regulatory assets and deferred debits            
Regulatory assets 1,885   1,885   1,795  
Other 30   30   22  
Total regulatory assets and deferred debits 1,915   1,915   1,817  
Total assets 18,724   18,724   17,080  
Current liabilities            
Notes payable and commercial paper 0   0   188  
Current maturities of long-term debt 403   403   502  
Notes payable to affiliated companies 246   246   34  
Other 1,164   1,164   1,221  
Total current liabilities 1,813   1,813   1,945  
Long-term debt 4,435   4,435   3,704  
Long-term debt, affiliate 0   0   0  
Deferred credits and other liabilities            
Deferred income taxes 2,091   2,091   1,903  
Asset retirement obligations 1,623   1,623   896  
Regulatory liabilities 1,667   1,667   1,543  
Deferred credits and other liabilities 1,432   1,432   1,384  
Total deferred credits and other liabilities 6,813   6,813   5,726  
Preferred stock of subsidiaries 59   59   59  
Equity            
Common shareholders' equity 5,604   5,604   5,646  
Noncontrolling interests 0   0   0  
Total equity 5,604   5,604   5,646  
Total liabilities and equity 18,724   18,724   17,080  
Condensed Consolidating Statement of Cash Flows            
Net cash provided (used) by operating activities     865 863    
Cash flows from investing activities            
Capital expenditures     (1,122) (1,021)    
Purchases of available-for-sale securities     (385) (438)    
Proceeds from sales and maturities of available-for-sale securities     359 408    
Notes due from affiliate     10 (23)    
Return of investment in consolidated subsidiaries     0 0    
Contributions to consolidated subsidiaries     0 0    
Other     75 5    
Net cash provided (used) by investing activities     (1,063) (1,069)    
Cash flows from financing activities            
Issuance of long-term debt     988 496    
Issuance of common stock related to employee benefit plans     0 0    
Payments for the redemption of long-term debt     (502) (1)    
Notes payable and commercial paper     (188) 0    
Distributions to noncontrolling interests     0 0    
Dividends paid     0 0    
Dividends to parent     (310) (450)    
Dividends paid to parent in excess of retained earnings     0 0    
Notes payable to affiliate     212 0    
Contributions from parent     0 1    
Other     (4) (2)    
Net cash provided (used) by financing activities     196 44    
Net increase (decrease) in cash and cash equivalents     (2) (162)    
Cash and cash equivalents at beginning of period     21 231    
Cash and cash equivalents at end of period 19 69 19 69    
Other [Member]
           
Operating revenues            
Regulated electric (1) (1) (2) (2)    
Non-regulated electric and other (1) (1) 0 0    
Total operating revenues (2) (2) (2) (2)    
Operating expenses            
Fuel used in electric generation and purchased power 0 0 0 0    
Operation, maintenance and other 1 2 6 6    
Depreciation and amortization 0 0 0 0    
Property and other taxes (3) 0 (7) (5)    
Impairment charges 0 0 0 0    
Total operating expenses (2) 2 (1) 1    
Gains on sales of other assets and other, net 0 0 0 0    
Operating (loss) income 0 (4) (1) (3)    
Equity in earnings of consolidated subsidiaries (203) (391) (489) (832)    
Other income and expenses, net (2) 3 (1) 1    
Interest expense, net (1) (1) 0 (1)    
Income (Loss) from Continuing Operations before Income Taxes (204) (391) (491) (833)    
Income tax expense from continuing operations (7) 4 (4) 3    
Income from continuing operations (197) (395) (487) (836)    
Income (loss) from discontinued operations, net of tax 0 0 0 0    
Net income (loss) (197) (395) (487) (836)    
Less: net income attributable to noncontrolling interests 1 1 2 2    
Net income attributable to Duke Energy Corporation (198) (396) (489) (838)    
Comprehensive income, net of tax            
Comprehensive income (286) (345) (576) (772)    
Comprehensive income attributable to noncontrolling interests, net of tax (1) (1) (2) (2)    
Comprehensive income attributable to Duke Energy Corporation (287) (346) (578) (774)    
Current assets            
Cash and cash equivalents 0 0 0 0    
Receivables 0   0   0  
Notes receivable from affiliated companies (885)   (885)   (272)  
Inventory (1)   (1)   0  
Prepayments and other current assets (96)   (96)   (64)  
Total current assets (982)   (982)   (336)  
Investments and other assets            
Nuclear decommissioning trust funds 0   0   0  
Investment in consolidated subsidiaries (14,171)   (14,171)   (14,043)  
Goodwill 3,655   3,655   3,655  
Other (546)   (546)   (478)  
Total investments and other assets (11,062)   (11,062)   (10,866)  
Net property, plant and equipment 156   156   160  
Regulatory assets and deferred debits            
Regulatory assets 0   0   0  
Other (6)   (6)   (6)  
Total regulatory assets and deferred debits (6)   (6)   (6)  
Total assets (11,894)   (11,894)   (11,048)  
Current liabilities            
Notes payable and commercial paper 0   0   0  
Current maturities of long-term debt 0   0   (1)  
Notes payable to affiliated companies (885)   (885)   (272)  
Other (96)   (96)   (63)  
Total current liabilities (981)   (981)   (336)  
Long-term debt 0   0   0  
Long-term debt, affiliate (35)   (35)   (36)  
Deferred credits and other liabilities            
Deferred income taxes (542)   (542)   (467)  
Asset retirement obligations 0   0   0  
Regulatory liabilities 157   157   160  
Deferred credits and other liabilities 6   6   5  
Total deferred credits and other liabilities (379)   (379)   (302)  
Preferred stock of subsidiaries 0   0   0  
Equity            
Common shareholders' equity (10,499)   (10,499)   (10,374)  
Noncontrolling interests 0   0   0  
Total equity (10,499)   (10,499)   (10,374)  
Total liabilities and equity (11,894)   (11,894)   (11,048)  
Condensed Consolidating Statement of Cash Flows            
Net cash provided (used) by operating activities     (483) (928)    
Cash flows from investing activities            
Capital expenditures     0 0    
Purchases of available-for-sale securities     0 0    
Proceeds from sales and maturities of available-for-sale securities     1 0    
Notes due from affiliate     614 84    
Return of investment in consolidated subsidiaries     0 0    
Contributions to consolidated subsidiaries     0 11    
Other     0 (1)    
Net cash provided (used) by investing activities     615 94    
Cash flows from financing activities            
Issuance of long-term debt     0 0    
Issuance of common stock related to employee benefit plans     0 0    
Payments for the redemption of long-term debt     0 0    
Notes payable and commercial paper     0 0    
Distributions to noncontrolling interests     (3) (2)    
Dividends paid     0 0    
Dividends to parent     483 928    
Dividends paid to parent in excess of retained earnings     0 0    
Notes payable to affiliate     (613) (84)    
Contributions from parent     0 (11)    
Other     1 3    
Net cash provided (used) by financing activities     (132) 834    
Net increase (decrease) in cash and cash equivalents     0 0    
Cash and cash equivalents at beginning of period     0 0    
Cash and cash equivalents at end of period $ 0 $ 0 $ 0 $ 0