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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues    
Regulated electric $ 5,124 $ 5,285
Regulated natural gas 638 728
Nonregulated electric and other 187 150
Total operating revenues 5,949 6,163
Operating Expenses    
Operation, maintenance and other 1,339 1,419
Depreciation and amortization 1,130 1,089
Property and other taxes 345 343
Impairment charges 2  
Total operating expenses 4,462 4,787
Gains (Losses) on Sales of Other Assets and Other, net 1 (3)
Operating Income 1,488 1,373
Other Income and Expenses    
Equity in earnings of unconsolidated affiliates 44 43
Other income and expenses, net 46 115
Total other income and expenses 90 158
Interest Expense 551 543
Income Before Income Taxes 1,027 988
Income Tax Expense 137 95
Net Income 890 893
Less: Net Loss Attributable to Noncontrolling Interests (48) (7)
Net Income Attributable to Parent 938 900
Less: Preferred Dividends 39  
Net Income (Loss) Available to Common Stockholders, Basic 899 900
Other Comprehensive Income (Loss), net of tax    
Pension and OPEB adjustments 1  
Net unrealized (losses) gains on cash flow hedges (81) (17)
Unrealized gains on available-for-sale securities 1 4
Other Comprehensive Loss, net of tax (77) [1] (12)
Comprehensive Income 813 881
Less: Comprehensive Loss Attributable to Noncontrolling Interests (62) (7)
Comprehensive Income Available to Duke Energy Corporation Common Stockholders $ 836 $ 888
Net income attributable to Duke Energy Corporation common stockholders    
Basic and Diluted (in usd per share) $ 1.24 $ 1.24
Weighted average shares outstanding    
Weighted Average Number of Shares Outstanding, Basic 734 727
Weighted Average Number of Shares Outstanding, Diluted 736 727
Duke Energy Carolinas    
Operating Revenues    
Total operating revenues $ 1,748 $ 1,744
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 453 472
Operation, maintenance and other 386 440
Depreciation and amortization 343 317
Property and other taxes 81 80
Impairment charges 2  
Total operating expenses 1,265 1,309
Gains (Losses) on Sales of Other Assets and Other, net 1  
Operating Income 484 435
Other Income and Expenses    
Total other income and expenses 43 31
Interest Expense 123 110
Income Before Income Taxes 404 356
Income Tax Expense 65 63
Net Income Attributable to Parent 339 293
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 339 293
Progress Energy    
Operating Revenues    
Total operating revenues 2,422 2,572
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 763 925
Operation, maintenance and other 554 567
Depreciation and amortization 452 455
Property and other taxes 135 137
Total operating expenses 1,904 2,084
Gains (Losses) on Sales of Other Assets and Other, net (1)  
Operating Income 517 488
Other Income and Expenses    
Total other income and expenses 32 31
Interest Expense 206 219
Income Before Income Taxes 343 300
Income Tax Expense 60 52
Net Income 283 248
Less: Net Loss Attributable to Noncontrolling Interests   (1)
Net Income Attributable to Parent 283 249
Other Comprehensive Income (Loss), net of tax    
Pension and OPEB adjustments   1
Net unrealized (losses) gains on cash flow hedges 1 2
Unrealized gains on available-for-sale securities 1  
Other Comprehensive Loss, net of tax 2 3
Comprehensive Income 285 251
Less: Comprehensive Loss Attributable to Noncontrolling Interests   (1)
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 285 252
Duke Energy Progress    
Operating Revenues    
Total operating revenues 1,338 1,484
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 405 515
Operation, maintenance and other 305 335
Depreciation and amortization 287 290
Property and other taxes 47 44
Total operating expenses 1,044 1,184
Gains (Losses) on Sales of Other Assets and Other, net (1)  
Operating Income 293 300
Other Income and Expenses    
Total other income and expenses 22 24
Interest Expense 69 77
Income Before Income Taxes 246 247
Income Tax Expense 42 44
Net Income Attributable to Parent 204 203
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 204 203
Duke Energy Florida    
Operating Revenues    
Total operating revenues 1,080 1,086
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 358 410
Operation, maintenance and other 245 230
Depreciation and amortization 165 165
Property and other taxes 88 93
Total operating expenses 856 898
Operating Income 224 188
Other Income and Expenses    
Total other income and expenses 10 13
Interest Expense 84 82
Income Before Income Taxes 150 119
Income Tax Expense 30 23
Net Income Attributable to Parent 120 96
Other Comprehensive Income (Loss), net of tax    
Unrealized gains on available-for-sale securities 1 1
Other Comprehensive Loss, net of tax 1 1
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 121 97
Duke Energy Ohio    
Operating Revenues    
Regulated electric 346 355
Regulated natural gas 152 176
Total operating revenues 498 531
Operating Expenses    
Operation, maintenance and other 123 132
Depreciation and amortization 68 64
Property and other taxes 83 84
Total operating expenses 398 427
Operating Income 100 104
Other Income and Expenses    
Total other income and expenses 3 9
Interest Expense 24 30
Income Before Income Taxes 79 83
Income Tax Expense 14 14
Net Income Attributable to Parent 65 69
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 65 69
Duke Energy Indiana    
Operating Revenues    
Total operating revenues 692 768
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 194 257
Operation, maintenance and other 186 189
Depreciation and amortization 132 131
Property and other taxes 22 19
Total operating expenses 534 596
Gains (Losses) on Sales of Other Assets and Other, net   (3)
Operating Income 158 169
Other Income and Expenses    
Total other income and expenses 10 19
Interest Expense 43 43
Income Before Income Taxes 125 145
Income Tax Expense 26 35
Net Income Attributable to Parent 99 110
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 99 110
Piedmont Natural Gas    
Operating Revenues    
Total operating revenues 512 579
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 162 273
Operation, maintenance and other 80 80
Depreciation and amortization 45 42
Property and other taxes 12 12
Total operating expenses 299 407
Operating Income 213 172
Other Income and Expenses    
Equity in earnings of unconsolidated affiliates 2 2
Other income and expenses, net 12 6
Interest Expense 27 22
Income Before Income Taxes 198 156
Income Tax Expense 20 34
Net Income Attributable to Parent 178 122
Other Comprehensive Income (Loss), net of tax    
Comprehensive Income Available to Duke Energy Corporation Common Stockholders 178 122
Fuel used in electric generation and purchased power | Duke Energy Ohio    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 87 93
Fuel used in electric generation and purchased power    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 1,447 1,609
Cost of natural gas    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 199 327
Cost of natural gas | Duke Energy Ohio    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas $ 37 $ 54
[1]
Net of income tax impact of approximately $23 million in the first quarter of 2020 and immaterial income tax impact in the first quarter of 2019.