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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues      
Regulated electric $ 21,461 $ 22,615 $ 22,097
Regulated natural gas 1,642 1,759 1,773
Nonregulated electric and other 765 705 651
Total operating revenues 23,868 25,079 24,521
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 6,051 6,826 6,831
Operation, maintenance and other 5,788 6,066 6,463
Depreciation and amortization 4,705 4,548 4,074
Property and other taxes 1,337 1,307 1,280
Impairment charges 984 (8) 402
Total operating expenses 19,325 19,366 19,747
Gains (Losses) on Sales of Other Assets and Other, net 10 (4) (89)
Operating Income 4,553 5,709 4,685
Other Income and Expenses      
Equity in (losses) earnings of unconsolidated affiliates (2,005) 162 83
Other income and expenses, net 453 430 399
Total other income and expenses (1,552) 592 482
Interest Expense 2,162 2,204 2,094
Income From Continuing Operations Before Income Taxes 839 4,097 3,073
Income Tax (Benefit) Expense From Continuing Operations (236) 519 448
Income From Continuing Operations 1,075 3,578 2,625
Income (Loss) From Discontinued Operations, net of tax 7 (7) 19
Net Income 1,082 3,571 2,644
Add: Net Loss Attributable to Noncontrolling Interests 295 177 22
Net Income Attributable to Parent 1,377 3,748 2,666
Less: Preferred Dividends 107 41  
Net Income Available to Common Stockholders 1,270 3,707 2,666
Other Comprehensive Income, net of tax      
Pension and OPEB adjustments [1] 6 9 (6)
Net unrealized gain on cash flow hedges [1] (138) (47) (10)
Reclassification into earnings from cash flow hedges [1] 11 6 6
Unrealized (losses) gains on available-for-sale securities [1] 3 8 (3)
Other Comprehensive Loss, net of tax [1] (118) (24) (13)
Comprehensive Income 964 3,547 2,631
Add: Comprehensive Loss Attributable to Noncontrolling Interests (306) (177) (22)
Comprehensive Income $ 1,163 $ 3,683 $ 2,653
Income from continuing operations available to Duke Energy Corporation common stockholders      
Basic and diluted (usd per share) $ 1.71 $ 5.07 $ 3.73
Income (Loss) from discontinued operations attributable to Duke Energy Corporation common stockholders      
Basic and diluted (usd per share) 0.01 (0.01) 0.03
Net income available to Duke Energy Corporation common stockholders      
Basic and diluted (usd per share) $ 1.72 $ 5.06 $ 3.76
Weighted average shares outstanding      
Basic (in shares) 737 729 708
Diluted (in shares) 738 729 708
Cost of natural gas      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas $ 460 $ 627 $ 697
Duke Energy Carolinas      
Operating Revenues      
Total operating revenues 7,015 7,395 7,300
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,682 1,804 1,821
Operation, maintenance and other 1,743 1,868 2,130
Depreciation and amortization 1,462 1,388 1,201
Property and other taxes 299 292 295
Impairment charges 476 17 192
Total operating expenses 5,662 5,369 5,639
Gains (Losses) on Sales of Other Assets and Other, net 1   (1)
Operating Income 1,354 2,026 1,660
Other Income and Expenses      
Other income and expenses, net 177 151 153
Total other income and expenses 177 151 153
Interest Expense 487 463 439
Income From Continuing Operations Before Income Taxes 1,044 1,714 1,374
Income Tax (Benefit) Expense From Continuing Operations 88 311 303
Net Income Attributable to Parent 956 1,403 1,071
Other Comprehensive Income, net of tax      
Reclassification into earnings from cash flow hedges     1
Other Comprehensive Loss, net of tax     1
Comprehensive Income 956 1,403 1,072
Progress Energy      
Operating Revenues      
Total operating revenues 10,627 11,202 10,728
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 3,479 4,024 3,976
Operation, maintenance and other 2,479 2,495 2,613
Depreciation and amortization 1,818 1,845 1,619
Property and other taxes 545 561 529
Impairment charges 495 (24) 87
Total operating expenses 8,816 8,901 8,824
Gains (Losses) on Sales of Other Assets and Other, net 9   24
Operating Income 1,820 2,301 1,928
Other Income and Expenses      
Other income and expenses, net 129 141 165
Total other income and expenses 129 141 165
Interest Expense 790 862 842
Income Before Income Taxes 1,159 1,580 1,251
Income Tax (Benefit) Expense From Continuing Operations 113 253 218
Net Income 1,046 1,327 1,033
Add: Net Loss Attributable to Noncontrolling Interests 1   6
Net Income Attributable to Parent 1,045 1,327 1,027
Other Comprehensive Income, net of tax      
Pension and OPEB adjustments (1) 2 5
Net unrealized gain on cash flow hedges 5 5 6
Unrealized (losses) gains on available-for-sale securities (1) 1 (1)
Other Comprehensive Loss, net of tax 3 8 10
Comprehensive Income 1,049 1,335 1,043
Add: Comprehensive Loss Attributable to Noncontrolling Interests 1   6
Comprehensive Income 1,048 1,335 1,037
Duke Energy Progress      
Operating Revenues      
Total operating revenues 5,422 5,957 5,699
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,743 2,012 1,892
Operation, maintenance and other 1,332 1,446 1,578
Depreciation and amortization 1,116 1,143 991
Property and other taxes 167 176 155
Impairment charges 499 12 33
Total operating expenses 4,857 4,789 4,649
Gains (Losses) on Sales of Other Assets and Other, net 8   9
Operating Income 573 1,168 1,059
Other Income and Expenses      
Other income and expenses, net 75 100 87
Total other income and expenses 75 100 87
Interest Expense 269 306 319
Income From Continuing Operations Before Income Taxes 379 962 827
Income Tax (Benefit) Expense From Continuing Operations (36) 157 160
Net Income Attributable to Parent 415 805 667
Other Comprehensive Income, net of tax      
Comprehensive Income 415 805 667
Duke Energy Florida      
Operating Revenues      
Total operating revenues 5,188 5,231 5,021
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,737 2,012 2,085
Operation, maintenance and other 1,131 1,034 1,025
Depreciation and amortization 702 702 628
Property and other taxes 381 392 374
Impairment charges (4) (36) 54
Total operating expenses 3,947 4,104 4,166
Gains (Losses) on Sales of Other Assets and Other, net 1   1
Operating Income 1,242 1,127 856
Other Income and Expenses      
Other income and expenses, net 53 48 86
Total other income and expenses 53 48 86
Interest Expense 326 328 287
Income From Continuing Operations Before Income Taxes 969 847 655
Income Tax (Benefit) Expense From Continuing Operations 198 155 101
Net Income Attributable to Parent 771 692 554
Other Comprehensive Income, net of tax      
Unrealized (losses) gains on available-for-sale securities (1) 1 (1)
Other Comprehensive Loss, net of tax (1) 1 (1)
Comprehensive Income 770 693 553
Duke Energy Ohio      
Operating Revenues      
Regulated electric 1,405 1,456 1,450
Regulated natural gas 453 484 506
Nonregulated electric and other     1
Total operating revenues 1,858 1,940 1,957
Operating Expenses      
Operation, maintenance and other 463 520 480
Depreciation and amortization 278 265 268
Property and other taxes 324 308 290
Total operating expenses 1,477 1,576 1,563
Gains (Losses) on Sales of Other Assets and Other, net     (106)
Operating Income 381 364 288
Other Income and Expenses      
Other income and expenses, net 16 24 23
Total other income and expenses 16 24 23
Interest Expense 102 109 92
Income From Continuing Operations Before Income Taxes 295 279 219
Income Tax (Benefit) Expense From Continuing Operations 43 40 43
Income From Continuing Operations 252 239 176
Income (Loss) From Discontinued Operations, net of tax   (1)  
Net Income Attributable to Parent 252 238 176
Other Comprehensive Income, net of tax      
Comprehensive Income 252 238 176
Duke Energy Ohio | Cost of natural gas      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 73 95 113
Duke Energy Ohio | Electric Utilities and Infrastructure      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 339 388 412
Duke Energy Indiana      
Operating Revenues      
Total operating revenues 2,795 3,004 3,059
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 767 935 1,000
Operation, maintenance and other 762 790 788
Depreciation and amortization 569 525 520
Property and other taxes 81 69 78
Impairment charges     30
Total operating expenses 2,179 2,319 2,416
Operating Income 616 685 643
Other Income and Expenses      
Other income and expenses, net 37 41 45
Total other income and expenses 37 41 45
Interest Expense 161 156 167
Income From Continuing Operations Before Income Taxes 492 570 521
Income Tax (Benefit) Expense From Continuing Operations 84 134 128
Net Income Attributable to Parent 408 436 393
Piedmont      
Operating Revenues      
Regulated natural gas 1,286 1,369 1,365
Nonregulated electric and other 11 12 10
Total operating revenues 1,297 1,381 1,375
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 386 532 584
Operation, maintenance and other 322 328 357
Depreciation and amortization 180 172 159
Property and other taxes 53 45 49
Impairment charges 7    
Total operating expenses 948 1,077 1,149
Operating Income 349 304 226
Other Income and Expenses      
Equity in (losses) earnings of unconsolidated affiliates 9 8 7
Other income and expenses, net 51 20 14
Total other income and expenses 60 28 21
Interest Expense 118 87 81
Income From Continuing Operations Before Income Taxes 291 245 166
Income Tax (Benefit) Expense From Continuing Operations 18 43 37
Net Income Attributable to Parent 273 202 129
Other Comprehensive Income, net of tax      
Comprehensive Income $ 273 $ 202 $ 129
[1] Net of income tax impacts of approximately $35 million for the year ended December 31, 2020. Tax impacts are immaterial for other periods presented.