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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues    
Regulated electric $ 5,219 $ 5,124
Regulated natural gas 749 638
Nonregulated electric and other 182 187
Total operating revenues 6,150 5,949
Operating Expenses    
Operation, maintenance and other 1,402 1,339
Depreciation and amortization 1,226 1,130
Property and other taxes 353 345
Impairment of assets and other charges   2
Total operating expenses 4,700 4,462
Gains on Sales of Other Assets and Other, net   1
Operating Income 1,450 1,488
Other Income and Expenses    
Equity in (losses) earnings of unconsolidated affiliates (17) 44
Other income and expenses, net 127 46
Total other income and expenses 110 90
Interest Expense 535 551
Income Before Income Taxes 1,025 1,027
Income Tax Expense 84 137
Net Income 941 890
Add: Net Loss Attributable to Noncontrolling Interests 51 48
Net Income and Comprehensive Income 992 938
Less: Preferred Dividends 39 39
Net Income Available to Duke Energy Corporation Common Stockholders 953 899
Other Comprehensive Income (Loss), net of tax    
Pension and OPEB adjustments [1] 2 1
Net unrealized (losses) gains on cash flow hedges [1] 29 (81)
Unrealized (losses) gains on available-for-sale securities [1] (8) 1
Other Comprehensive Income (Loss), net of tax [1] 26 (77)
Comprehensive Income 967 813
Add: Comprehensive Loss Attributable to Noncontrolling Interests (44) (62)
Comprehensive Income Attributable to Duke Energy $ 1,011 $ 875
Net income attributable to Duke Energy Corporation common stockholders    
Basic (in usd per share) $ 1.25 $ 1.24
Diluted (in usd per share) $ 1.25 $ 1.24
Weighted Average Shares Outstanding    
Basic (in shares) 769 734
Diluted (in shares) 769 736
Duke Energy Carolinas    
Operating Revenues    
Total operating revenues $ 1,716 $ 1,748
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 422 453
Operation, maintenance and other 441 386
Depreciation and amortization 359 343
Property and other taxes 83 81
Impairment of assets and other charges   2
Total operating expenses 1,305 1,265
Gains on Sales of Other Assets and Other, net   1
Operating Income 411 484
Other Income and Expenses    
Total other income and expenses 48 43
Interest Expense 124 123
Income Before Income Taxes 335 404
Income Tax Expense 23 65
Net Income and Comprehensive Income 312 339
Progress Energy    
Operating Revenues    
Total operating revenues 2,505 2,422
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 795 763
Operation, maintenance and other 601 554
Depreciation and amortization 485 452
Property and other taxes 142 135
Total operating expenses 2,023 1,904
Gains on Sales of Other Assets and Other, net   (1)
Operating Income 482 517
Other Income and Expenses    
Total other income and expenses 43 32
Interest Expense 192 206
Income Before Income Taxes 333 343
Income Tax Expense 43 60
Net Income 290 283
Other Comprehensive Income (Loss), net of tax    
Net unrealized (losses) gains on cash flow hedges 1 1
Unrealized (losses) gains on available-for-sale securities (1) 1
Other Comprehensive Income (Loss), net of tax   2
Comprehensive Income 290 285
Duke Energy Progress    
Operating Revenues    
Total operating revenues 1,401 1,338
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 436 405
Operation, maintenance and other 357 305
Depreciation and amortization 285 287
Property and other taxes 49 47
Total operating expenses 1,127 1,044
Gains on Sales of Other Assets and Other, net   (1)
Operating Income 274 293
Other Income and Expenses    
Total other income and expenses 24 22
Interest Expense 69 69
Income Before Income Taxes 229 246
Income Tax Expense 19 42
Net Income and Comprehensive Income 210 204
Duke Energy Florida    
Operating Revenues    
Total operating revenues 1,101 1,080
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 359 358
Operation, maintenance and other 242 245
Depreciation and amortization 200 165
Property and other taxes 93 88
Total operating expenses 894 856
Operating Income 207 224
Other Income and Expenses    
Total other income and expenses 18 10
Interest Expense 80 84
Income Before Income Taxes 145 150
Income Tax Expense 28 30
Net Income and Comprehensive Income 117 120
Other Comprehensive Income (Loss), net of tax    
Unrealized (losses) gains on available-for-sale securities (1) 1
Other Comprehensive Income (Loss), net of tax (1) 1
Comprehensive Income Attributable to Duke Energy 116 121
Duke Energy Ohio    
Operating Revenues    
Regulated electric 363 346
Regulated natural gas 169 152
Total operating revenues 532 498
Operating Expenses    
Operation, maintenance and other 108 123
Depreciation and amortization 74 68
Property and other taxes 92 83
Total operating expenses 407 398
Operating Income 125 100
Other Income and Expenses    
Total other income and expenses 5 3
Interest Expense 25 24
Income Before Income Taxes 105 79
Income Tax Expense 14 14
Net Income and Comprehensive Income 91 65
Duke Energy Indiana    
Operating Revenues    
Total operating revenues 745 692
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 217 194
Operation, maintenance and other 178 186
Depreciation and amortization 152 132
Property and other taxes 21 22
Total operating expenses 568 534
Operating Income 177 158
Other Income and Expenses    
Total other income and expenses 9 10
Interest Expense 50 43
Income Before Income Taxes 136 125
Income Tax Expense 24 26
Net Income and Comprehensive Income 112 99
Piedmont    
Operating Revenues    
Total operating revenues 606 512
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 225 162
Operation, maintenance and other 78 80
Depreciation and amortization 48 45
Property and other taxes 14 12
Total operating expenses 365 299
Operating Income 241 213
Other Income and Expenses    
Equity in (losses) earnings of unconsolidated affiliates 2 2
Total other income and expenses 17 12
Interest Expense 29 27
Income Before Income Taxes 229 198
Income Tax Expense 26 20
Net Income and Comprehensive Income 203 178
Fuel used in electric generation and purchased power    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 1,443 1,447
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 82 87
Cost of natural gas    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas 276 199
Cost of natural gas | Duke Energy Ohio    
Operating Expenses    
Fuel used in electric generation and purchased power/Cost of natural gas $ 51 $ 37
[1] Net of income tax impacts of approximately $8 million and $23 million for the three months ended March 31, 2021, and 2020, respectively.