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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues        
Regulated electric $ 5,258 $ 4,963 $ 10,477 $ 10,087
Regulated natural gas 302 263 1,051 901
Nonregulated electric and other 198 195 380 382
Total operating revenues 5,758 5,421 11,908 11,370
Operating Expenses        
Operation, maintenance and other 1,410 1,353 2,812 2,692
Depreciation and amortization 1,207 1,150 2,433 2,280
Property and other taxes 349 334 702 679
Impairment of assets and other charges 131 6 131 8
Total operating expenses 4,591 4,251 9,291 8,713
Gains (Losses) on Sales of Other Assets and Other, net 2 7 2 8
Operating Income 1,169 1,177 2,619 2,665
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates 9 (1,968) (8) (1,924)
Other income and expenses, net 128 137 255 183
Total other income and expenses 137 (1,831) 247 (1,741)
Interest Expense 572 554 1,107 1,105
Income (Loss) Before Income Taxes 734 (1,208) 1,759 (181)
Income Tax Expense (Benefit) 36 (316) 120 (179)
Net Income (Loss) 698 (892) 1,639 (2)
Add: Net Loss Attributable to Noncontrolling Interests 67 90 118 138
Net Income and Comprehensive Income 765 (802) 1,757 136
Less: Preferred Dividends 14 15 53 54
Net Income (Loss) Available to Duke Energy Corporation Common Stockholders 751 (817) 1,704 82
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments [1]   (1) 2  
Net unrealized (losses) gains on cash flow hedges [1] (97) 5 (68) (76)
Unrealized gains (losses) on available-for-sale securities [1] 4 6 (4) 7
Other Comprehensive (Loss) Income, net of tax [1] (89) 12 (63) (65)
Comprehensive Income (Loss) 609 (880) 1,576 (67)
Comprehensive Income (Loss) Attributable to Duke Energy $ 677 $ (792) $ 1,688 $ 83
Net income (loss) attributable to Duke Energy Corporation common stockholders        
Basic (in usd per share) $ 0.96 $ (1.13) $ 2.21 $ 0.11
Diluted (in usd per share) $ 0.96 $ (1.13) $ 2.21 $ 0.11
Weighted Average Shares Outstanding        
Basic (in shares) 769 735 769 734
Diluted (in shares) 769 735 769 735
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax [1] $ 4 $ 2 $ 7 $ 4
Duke Energy Carolinas        
Operating Revenues        
Total operating revenues 1,610 1,610 3,326 3,358
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 344 376 766 829
Operation, maintenance and other 435 430 876 816
Depreciation and amortization 363 375 722 718
Property and other taxes 74 75 157 156
Impairment of assets and other charges 75   75 2
Total operating expenses 1,291 1,256 2,596 2,521
Gains (Losses) on Sales of Other Assets and Other, net 2 (1) 2  
Operating Income 321 353 732 837
Other Income and Expenses        
Total other income and expenses 44 43 92 86
Interest Expense 139 125 263 248
Income (Loss) Before Income Taxes 226 271 561 675
Income Tax Expense (Benefit) 1 37 24 102
Net Income and Comprehensive Income 225 234 537 573
Progress Energy        
Operating Revenues        
Total operating revenues 2,679 2,498 5,184 4,920
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 833 777 1,628 1,540
Operation, maintenance and other 626 589 1,227 1,143
Depreciation and amortization 441 432 926 884
Property and other taxes 133 137 275 272
Impairment of assets and other charges 37   37  
Total operating expenses 2,070 1,935 4,093 3,839
Gains (Losses) on Sales of Other Assets and Other, net 1 7 1 6
Operating Income 610 570 1,092 1,087
Other Income and Expenses        
Total other income and expenses 38 33 81 65
Interest Expense 200 199 392 405
Income (Loss) Before Income Taxes 448 404 781 747
Income Tax Expense (Benefit) 37 60 80 120
Net Income (Loss) 411 344 701 627
Other Comprehensive Income (Loss), net of tax        
Pension and OPEB adjustments 1 1 1 1
Net unrealized (losses) gains on cash flow hedges   1 1 2
Unrealized gains (losses) on available-for-sale securities 1 (1)    
Other Comprehensive (Loss) Income, net of tax 2 1 2 3
Comprehensive Income (Loss) 413 345 703 630
Duke Energy Progress        
Operating Revenues        
Total operating revenues 1,349 1,243 2,750 2,581
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 409 395 845 800
Operation, maintenance and other 367 317 724 622
Depreciation and amortization 236 257 521 544
Property and other taxes 41 44 90 91
Impairment of assets and other charges 18   18  
Total operating expenses 1,071 1,013 2,198 2,057
Gains (Losses) on Sales of Other Assets and Other, net 1 6 1 5
Operating Income 279 236 553 529
Other Income and Expenses        
Total other income and expenses 20 19 44 41
Interest Expense 78 68 147 137
Income (Loss) Before Income Taxes 221 187 450 433
Income Tax Expense (Benefit) 6 26 25 68
Net Income and Comprehensive Income 215 161 425 365
Duke Energy Florida        
Operating Revenues        
Total operating revenues 1,325 1,250 2,426 2,330
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 424 382 783 740
Operation, maintenance and other 255 269 497 514
Depreciation and amortization 205 175 405 340
Property and other taxes 92 92 185 180
Impairment of assets and other charges 19   19  
Total operating expenses 995 918 1,889 1,774
Operating Income 330 332 537 556
Other Income and Expenses        
Total other income and expenses 18 15 36 25
Interest Expense 80 80 160 164
Income (Loss) Before Income Taxes 268 267 413 417
Income Tax Expense (Benefit) 51 51 79 81
Net Income and Comprehensive Income 217 216 334 336
Other Comprehensive Income (Loss), net of tax        
Unrealized gains (losses) on available-for-sale securities 1 (1)    
Other Comprehensive (Loss) Income, net of tax 1 (1)    
Comprehensive Income (Loss) Attributable to Duke Energy 218 215 334 336
Duke Energy Ohio        
Operating Revenues        
Regulated electric 343 330 706 676
Regulated natural gas 113 93 282 245
Total operating revenues 456 423 988 921
Operating Expenses        
Operation, maintenance and other 111 95 219 218
Depreciation and amortization 75 68 149 136
Property and other taxes 83 78 175 161
Impairment of assets and other charges 5   5  
Total operating expenses 383 324 790 722
Operating Income 73 99 198 199
Other Income and Expenses        
Total other income and expenses 5 4 10 7
Interest Expense 28 25 53 49
Income (Loss) Before Income Taxes 50 78 155 157
Income Tax Expense (Benefit) 11 12 25 26
Net Income and Comprehensive Income 39 66 130 131
Duke Energy Indiana        
Operating Revenues        
Total operating revenues 735 617 1,480 1,309
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 201 161 418 355
Operation, maintenance and other 192 171 370 357
Depreciation and amortization 152 134 304 266
Property and other taxes 20 20 41 42
Impairment of assets and other charges 8   8  
Total operating expenses 573 486 1,141 1,020
Gains (Losses) on Sales of Other Assets and Other, net (1)   (1)  
Operating Income 161 131 338 289
Other Income and Expenses        
Total other income and expenses 10 9 19 19
Interest Expense 49 42 99 85
Income (Loss) Before Income Taxes 122 98 258 223
Income Tax Expense (Benefit) 19 17 43 43
Net Income and Comprehensive Income 103 81 215 180
Piedmont        
Operating Revenues        
Total operating revenues 215 197 821 709
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 63 53 288 215
Operation, maintenance and other 76 79 154 159
Depreciation and amortization 51 43 99 88
Property and other taxes 14 12 28 24
Impairment of assets and other charges 5   5  
Total operating expenses 209 187 574 486
Operating Income 6 10 247 223
Other Income and Expenses        
Equity in earnings (losses) of unconsolidated affiliates     4 4
Total other income and expenses 18 16 35 28
Interest Expense 30 33 59 60
Income (Loss) Before Income Taxes (6) (7) 223 191
Income Tax Expense (Benefit) (2) (9) 24 11
Net Income and Comprehensive Income (4) 2 199 180
Fuel used in electric generation and purchased power        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,415 1,349 2,858 2,796
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 93 77 175 164
Cost of natural gas        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 79 59 355 258
Cost of natural gas | Duke Energy Ohio        
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas $ 16 $ 6 $ 67 $ 43
[1] Net of income tax impacts of approximately $27 million for the three months ended June 30, 2021, and $19 million and $20 million for the six months ended June 30, 2021, and 2020, respectively. All other periods presented include immaterial income tax impacts.