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Goodwill

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

The following tables present goodwill by reportable operating segment for Duke Energy and Duke Energy Ohio.

Duke Energy



(in millions)	Regulated Utilities				International Energy				Commercial Power				Total
Balance at December 31, 2013
Goodwill	$	15,950			$	326			$	935			$	17,211
Accumulated impairment charges	—				—				(871		)		(871		)
Balance at December 31, 2013, as adjusted for accumulated impairment charges	15,950				326				64				16,340
Foreign exchange and other changes	—				(9		)		—				(9		)
Balance at September 30, 2014
Goodwill	15,950				317				935				17,202
Accumulated impairment charges	—				—				(871		)		(871		)
Balance at September 30, 2014, as adjusted for accumulated impairment charges	$	15,950			$	317			$	64			$	16,331

Duke Energy Ohio



(in millions)	Regulated Utilities				Commercial Power				Total
Balance at December 31, 2013
Goodwill	$	1,136			$	1,188			$	2,324
Accumulated impairment charges	(216		)		(1,188		)		(1,404		)
Balance at December 31, 2013, as adjusted for accumulated impairment charges	920				—				920
Balance at September 30, 2014
Goodwill	1,136				1,188				2,324
Accumulated impairment charges	(216		)		(1,188		)		(1,404		)
Balance at September 30, 2014, as adjusted for accumulated impairment charges	$	920			$	—			$	920

Progress Energy

Progress Energy's Goodwill is included in the Regulated Utilities operating segment and there are no accumulated impairment charges.

Impairment Testing

Duke Energy, Duke Energy Ohio and Progress Energy are required to perform an annual goodwill impairment test as of the same date each year and, accordingly, performs its annual impairment testing of goodwill as of August 31. Duke Energy, Duke Energy Ohio and Progress Energy update their test between annual tests if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying value. As the fair value of Duke Energy, Duke Energy Ohio and Progress Energy’s reporting units exceeded their respective carrying values at the date of the annual impairment analysis, no impairment charges were recorded in the third quarter of 2014.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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