Organization and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

Organization And Basis Of Presentation [Line Items]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table presents the components of cash, cash equivalents and restricted cash included in the Condensed Consolidated Balance Sheets.

	June 30, 2018						December 31, 2017
					Duke						Duke
	Duke		Progress		Energy		Duke		Progress		Energy
	Energy		Energy		Florida		Energy		Energy		Florida
Current Assets
Cash and cash equivalents	$	304	$	37	$	14	$	358	$	40	$	13
Other	115		31		31		138		40		40
Other Noncurrent Assets
Other	8		6		—		9		7		—
Total cash, cash equivalents and restricted cash	$	427	$	74	$	45	$	505	$	87	$	53

Schedule of Utility Inventory

The components of inventory are presented in the tables below.

	June 30, 2018
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Materials and supplies	$	2,293	$	769	$	1,085	$	757	$	328	$	84	$	313	$	2
Coal	562		173		218		109		109		15		155		—
Natural gas, oil and other fuel	322		42		218		110		109		25		2		36
Total inventory	$	3,177	$	984	$	1,521	$	976	$	546	$	124	$	470	$	38

	December 31, 2017
			Duke				Duke		Duke		Duke		Duke
	Duke		Energy		Progress		Energy		Energy		Energy		Energy
(in millions)	Energy		Carolinas		Energy		Progress		Florida		Ohio		Indiana		Piedmont
Materials and supplies	$	2,293	$	744	$	1,118	$	774	$	343	$	82	$	309	$	2
Coal	603		192		255		139		116		17		139		—
Natural gas, oil and other fuel	354		35		219		104		115		34		2		64
Total inventory	$	3,250	$	971	$	1,592	$	1,017	$	574	$	133	$	450	$	66

Schedule of Excise Taxes

Excise taxes accounted for on a gross basis within both Operating revenues and Property and other taxes on the Condensed Consolidated Statements of Operations were as follows.

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2018		2017		2018		2017
Duke Energy	$	95	$	91	$	194	$	182
Duke Energy Carolinas	9		9		17		18
Progress Energy	56		55		110		101
Duke Energy Progress	5		4		10		9
Duke Energy Florida	51		51		100		92
Duke Energy Ohio	25		23		55		51
Duke Energy Indiana	5		3		11		10
Piedmont	—		1		1		2

Schedule of New Accounting Pronouncements

Leases. In February 2016, the FASB issued revised accounting guidance for leases. The core principle of this guidance is that a lessee should recognize the assets and liabilities that arise from leases on the balance sheet.

For Duke Energy, this guidance is effective for interim and annual periods beginning January 1, 2019. The guidance will be applied using a modified retrospective approach. Duke Energy expects to elect certain of the following practical expedients upon adoption:

Practical Expedient	Description
Package of transition practical expedients (for leases commenced prior to adoption date and must be adopted as a package)	Do not need to 1) reassess whether any expired or existing contracts are/or contain leases, 2) reassess the lease classification for any expired or existing leases and 3) reassess initial direct costs for any existing leases.
Short-term lease expedient (elect by class of underlying asset)	Elect as an accounting policy to not apply the recognition requirements to short-term leases by asset class.
Lease and non-lease components (elect by class of underlying asset)	Elect as an accounting policy to not separate non-lease components from lease components and instead account for each lease and associated non-lease component as a single lease component by asset class.
Hindsight expedient (when determining lease term)	Elect to use hindsight to determine the lease term.
Existing and expired land easements not previously accounted for as leases	Elect to not evaluate existing or expired easements under the new guidance and carry forward current accounting treatment.
Comparative reporting requirements for initial adoption	Elect to apply transition requirements at adoption date, recognize cumulative effect adjustment to retained earnings in period of adoption and not apply ASC 842 to comparative periods, including disclosures.
Lessor expedient (elect by class of underlying asset)	Elect as an accounting policy to aggregate non-lease components with the related lease component when specified conditions are met by asset class. Account for the combined component based on its predominant characteristic (revenue or operating lease).