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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 853 $ 343
Receivables (net of allowance for doubtful accounts) 1,148 1,173
Receivables of VIEs (net of allowance for doubtful accounts) 2,590 2,437
Inventory 3,171 3,199
Regulatory assets (includes amounts related to VIEs) 2,334 2,150
Other (includes amounts related to VIEs) 946 638
Total current assets 11,042 9,940
Property, Plant and Equipment    
Cost 163,700 161,819
Accumulated depreciation and amortization (51,517) (50,555)
Facilities to be retired, net 133 144
Net property, plant and equipment 112,316 111,408
Other Noncurrent Assets    
Goodwill 19,303 19,303
Regulatory assets (includes amounts related to VIEs) 12,506 12,487
Nuclear decommissioning trust funds 9,827 10,401
Operating lease right-of-use assets, net 1,255 1,266
Investments in equity method unconsolidated affiliates 976 970
Other (includes amounts related to VIEs) 3,995 3,812
Total other noncurrent assets 47,862 48,239
Total Assets 171,220 169,587
Current Liabilities    
Accounts payable 3,175 3,629
Notes payable and commercial paper 3,262 3,304
Taxes accrued 642 749
Interest accrued 575 533
Current maturities of long-term debt (includes amounts related to VIEs) 3,884 3,387
Asset retirement obligations 648 647
Regulatory liabilities 1,238 1,211
Other 2,001 2,471
Total current liabilities 15,425 15,931
Long-Term Debt (includes amounts related to VIEs) 62,196 60,448
Other Noncurrent Liabilities    
Deferred income taxes 9,673 9,379
Asset retirement obligations 12,112 12,129
Regulatory liabilities 16,037 16,152
Operating lease liabilities 1,068 1,074
Accrued pension and other post-retirement benefit costs 832 855
Investment tax credits 831 833
Other (includes amounts related to VIEs) 1,794 1,650
Total other noncurrent liabilities 42,347 42,072
Commitments and Contingencies
Equity    
Common stock 1 1
Additional paid-in capital 44,364 44,371
Retained earnings 3,323 3,265
Accumulated other comprehensive loss (204) (303)
Total Duke Energy Corporation stockholders' equity 49,446 49,296
Noncontrolling interests 1,806 1,840
Total equity 51,252 51,136
Total Liabilities and Equity 171,220 169,587
Variable Interest Entity    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 105 105
Other (includes amounts related to VIEs) 249 256
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,800 1,823
Other (includes amounts related to VIEs) 111 92
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 395 243
Long-Term Debt (includes amounts related to VIEs) 4,687 4,854
Other Noncurrent Liabilities    
Other (includes amounts related to VIEs) 360 319
Duke Energy Carolinas    
Current Assets    
Cash and cash equivalents 4 7
Receivables (net of allowance for doubtful accounts) 858 844
Receivables of VIEs (net of allowance for doubtful accounts) 234 300
Receivables from affiliated companies 134 190
Notes receivable from affiliated companies 492  
Inventory 1,040 1,026
Regulatory assets (includes amounts related to VIEs) 652 544
Other (includes amounts related to VIEs) 246 95
Total current assets 3,660 3,006
Property, Plant and Equipment    
Cost 52,423 51,874
Accumulated depreciation and amortization (18,058) (17,854)
Facilities to be retired, net 98 102
Net property, plant and equipment 34,463 34,122
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 3,085 2,935
Nuclear decommissioning trust funds 5,441 5,759
Operating lease right-of-use assets, net 87 92
Other (includes amounts related to VIEs) 1,297 1,248
Total other noncurrent assets 9,910 10,034
Total Assets 48,033 47,162
Current Liabilities    
Accounts payable 752 988
Accounts payable to affiliated companies 267 266
Notes payable to affiliated companies   226
Taxes accrued 124 274
Interest accrued 140 125
Current maturities of long-term debt (includes amounts related to VIEs) 1,367 362
Asset retirement obligations 251 249
Regulatory liabilities 465 487
Other 442 546
Total current liabilities 3,808 3,523
Long-Term Debt (includes amounts related to VIEs) 12,803 12,595
Long-Term Debt Payable to Affiliated Companies 300 318
Other Noncurrent Liabilities    
Deferred income taxes 3,769 3,634
Asset retirement obligations 5,067 5,052
Regulatory liabilities 7,151 7,198
Operating lease liabilities 74 78
Accrued pension and other post-retirement benefit costs 48 50
Investment tax credits 286 287
Other (includes amounts related to VIEs) 545 536
Total other noncurrent liabilities 16,940 16,835
Commitments and Contingencies
Equity    
Member's equity 14,188 13,897
Accumulated other comprehensive loss (6) (6)
Member's Equity 14,182 13,891
Total Liabilities and Equity 48,033 47,162
Duke Energy Carolinas | Variable Interest Entity    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 12 12
Other (includes amounts related to VIEs) 5 0
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 217 220
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 10 5
Long-Term Debt (includes amounts related to VIEs) 722 703
Progress Energy    
Current Assets    
Cash and cash equivalents 63 70
Receivables (net of allowance for doubtful accounts) 1,166 1,006
Receivables of VIEs (net of allowance for doubtful accounts) 286 247
Receivables from affiliated companies 37 121
Notes receivable from affiliated companies 237  
Inventory 1,403 1,398
Regulatory assets (includes amounts related to VIEs) 1,101 1,030
Other (includes amounts related to VIEs) 319 125
Total current assets 4,612 3,997
Property, Plant and Equipment    
Cost 61,629 60,894
Accumulated depreciation and amortization (19,702) (19,214)
Facilities to be retired, net 24 26
Net property, plant and equipment 41,951 41,706
Other Noncurrent Assets    
Goodwill 3,655 3,655
Regulatory assets (includes amounts related to VIEs) 6,024 5,909
Nuclear decommissioning trust funds 4,385 4,642
Operating lease right-of-use assets, net 701 691
Other (includes amounts related to VIEs) 1,336 1,242
Total other noncurrent assets 16,101 16,139
Total Assets 62,664 61,842
Current Liabilities    
Accounts payable 982 1,099
Accounts payable to affiliated companies 364 506
Notes payable to affiliated companies 377 2,809
Taxes accrued 157 128
Interest accrued 195 192
Current maturities of long-term debt (includes amounts related to VIEs) 1,095 1,082
Asset retirement obligations 268 275
Regulatory liabilities 469 478
Other 760 868
Total current liabilities 4,667 7,437
Long-Term Debt (includes amounts related to VIEs) 20,412 19,591
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 4,702 4,564
Asset retirement obligations 5,821 5,837
Regulatory liabilities 5,671 5,566
Operating lease liabilities 619 606
Accrued pension and other post-retirement benefit costs 409 417
Other (includes amounts related to VIEs) 531 526
Total other noncurrent liabilities 17,753 17,516
Commitments and Contingencies
Equity    
Additional paid-in capital 9,149 9,149
Retained earnings 10,543 8,007
Accumulated other comprehensive loss (12) (11)
Total Duke Energy Corporation stockholders' equity 19,680 17,145
Noncontrolling interests 2 3
Total equity 19,682 17,148
Total Liabilities and Equity 62,664 61,842
Progress Energy | Variable Interest Entity    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 93  
Other (includes amounts related to VIEs) 27 39
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,583 1,603
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 88 71
Long-Term Debt (includes amounts related to VIEs) 2,246 2,293
Duke Energy Progress    
Current Assets    
Cash and cash equivalents 42 35
Receivables (net of allowance for doubtful accounts) 658 574
Receivables of VIEs (net of allowance for doubtful accounts) 188 127
Receivables from affiliated companies 20 65
Notes receivable from affiliated companies 328  
Inventory 940 921
Regulatory assets (includes amounts related to VIEs) 595 533
Other (includes amounts related to VIEs) 200 83
Total current assets 2,971 2,338
Property, Plant and Equipment    
Cost 37,361 37,018
Accumulated depreciation and amortization (13,691) (13,387)
Facilities to be retired, net 24 26
Net property, plant and equipment 23,694 23,657
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 4,124 4,118
Nuclear decommissioning trust funds 3,872 4,089
Operating lease right-of-use assets, net 410 389
Other (includes amounts related to VIEs) 867 792
Total other noncurrent assets 9,273 9,388
Total Assets 35,938 35,383
Current Liabilities    
Accounts payable 450 476
Accounts payable to affiliated companies 260 310
Notes payable to affiliated companies   172
Taxes accrued 77 163
Interest accrued 76 96
Current maturities of long-term debt (includes amounts related to VIEs) 568 556
Asset retirement obligations 268 274
Regulatory liabilities 378 381
Other 400 448
Total current liabilities 2,477 2,876
Long-Term Debt (includes amounts related to VIEs) 10,396 9,543
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 2,275 2,208
Asset retirement obligations 5,411 5,401
Regulatory liabilities 4,898 4,868
Operating lease liabilities 372 350
Accrued pension and other post-retirement benefit costs 218 221
Investment tax credits 128 128
Other (includes amounts related to VIEs) 96 87
Total other noncurrent liabilities 13,398 13,263
Commitments and Contingencies
Equity    
Member's Equity 9,517 9,551
Total Liabilities and Equity 35,938 35,383
Duke Energy Progress | Variable Interest Entity    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 39 39
Other (includes amounts related to VIEs) 14  
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 711 720
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 32 15
Long-Term Debt (includes amounts related to VIEs) 1,080 1,097
Duke Energy Florida    
Current Assets    
Cash and cash equivalents 13 23
Receivables (net of allowance for doubtful accounts) 508 432
Receivables of VIEs (net of allowance for doubtful accounts) 97 117
Receivables from affiliated companies 16 16
Inventory 463 477
Regulatory assets (includes amounts related to VIEs) 505 497
Other (includes amounts related to VIEs) 79 80
Total current assets 1,681 1,642
Property, Plant and Equipment    
Cost 24,257 23,865
Accumulated depreciation and amortization (6,003) (5,819)
Net property, plant and equipment 18,254 18,046
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,899 1,791
Nuclear decommissioning trust funds 514 553
Operating lease right-of-use assets, net 291 302
Other (includes amounts related to VIEs) 418 399
Total other noncurrent assets 3,122 3,045
Total Assets 23,057 22,733
Current Liabilities    
Accounts payable 532 623
Accounts payable to affiliated companies 120 209
Notes payable to affiliated companies 468 199
Taxes accrued 96 51
Interest accrued 84 68
Current maturities of long-term debt (includes amounts related to VIEs) 77 76
Asset retirement obligations 1 1
Regulatory liabilities 91 98
Other 349 408
Total current liabilities 1,818 1,733
Long-Term Debt (includes amounts related to VIEs) 8,374 8,406
Other Noncurrent Liabilities    
Deferred income taxes 2,503 2,434
Asset retirement obligations 411 436
Regulatory liabilities 772 698
Operating lease liabilities 247 256
Accrued pension and other post-retirement benefit costs 161 166
Other (includes amounts related to VIEs) 306 309
Total other noncurrent liabilities 4,400 4,299
Commitments and Contingencies
Equity    
Member's equity 8,469 8,298
Accumulated other comprehensive loss (4) (3)
Member's Equity 8,465 8,295
Total Liabilities and Equity 23,057 22,733
Duke Energy Florida | Variable Interest Entity    
Current Assets    
Regulatory assets (includes amounts related to VIEs) 54 54
Other (includes amounts related to VIEs) 13 39
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 872 883
Current Liabilities    
Current maturities of long-term debt (includes amounts related to VIEs) 56 56
Long-Term Debt (includes amounts related to VIEs) 1,166 1,196
Duke Energy Ohio    
Current Assets    
Cash and cash equivalents 15 13
Receivables of VIEs (net of allowance for doubtful accounts) 101 96
Receivables from affiliated companies 93 122
Notes receivable from affiliated companies   15
Inventory 114 116
Regulatory assets (includes amounts related to VIEs) 60 72
Other (includes amounts related to VIEs) 23 57
Total current assets 406 491
Property, Plant and Equipment    
Cost 11,818 11,725
Accumulated depreciation and amortization (3,102) (3,106)
Facilities to be retired, net   6
Net property, plant and equipment 8,716 8,625
Other Noncurrent Assets    
Goodwill 920 920
Regulatory assets (includes amounts related to VIEs) 584 635
Operating lease right-of-use assets, net 18 19
Other (includes amounts related to VIEs) 87 84
Total other noncurrent assets 1,609 1,658
Total Assets 10,731 10,774
Current Liabilities    
Accounts payable 379 348
Accounts payable to affiliated companies 68 64
Notes payable to affiliated companies 123 103
Taxes accrued 219 275
Interest accrued 32 30
Asset retirement obligations 13 13
Regulatory liabilities 67 62
Other 73 82
Total current liabilities 974 977
Long-Term Debt (includes amounts related to VIEs) 3,168 3,168
Long-Term Debt Payable to Affiliated Companies 25 25
Other Noncurrent Liabilities    
Deferred income taxes 1,078 1,050
Asset retirement obligations 124 123
Regulatory liabilities 593 739
Operating lease liabilities 18 18
Accrued pension and other post-retirement benefit costs 109 109
Other (includes amounts related to VIEs) 100 101
Total other noncurrent liabilities 2,022 2,140
Commitments and Contingencies
Equity    
Common stock 762 762
Additional paid-in capital 3,100 3,100
Retained earnings 680 602
Total Duke Energy Corporation stockholders' equity 4,542 4,464
Total Liabilities and Equity 10,731 10,774
Duke Energy Indiana    
Current Assets    
Cash and cash equivalents 19 6
Receivables of VIEs (net of allowance for doubtful accounts) 83 100
Receivables from affiliated companies 69 98
Notes receivable from affiliated companies 20 134
Inventory 430 418
Regulatory assets (includes amounts related to VIEs) 301 277
Other (includes amounts related to VIEs) 72 68
Total current assets 994 1,101
Property, Plant and Equipment    
Cost 17,494 17,343
Accumulated depreciation and amortization (5,693) (5,583)
Net property, plant and equipment 11,801 11,760
Other Noncurrent Assets    
Regulatory assets (includes amounts related to VIEs) 1,077 1,278
Operating lease right-of-use assets, net 52 53
Other (includes amounts related to VIEs) 295 296
Total other noncurrent assets 1,424 1,627
Total Assets 14,219 14,488
Current Liabilities    
Accounts payable 268 282
Accounts payable to affiliated companies 187 221
Taxes accrued 131 73
Interest accrued 56 49
Current maturities of long-term debt (includes amounts related to VIEs) 31 84
Asset retirement obligations 115 110
Regulatory liabilities 140 127
Other 108 105
Total current liabilities 1,036 1,051
Long-Term Debt (includes amounts related to VIEs) 4,089 4,089
Long-Term Debt Payable to Affiliated Companies 150 150
Other Noncurrent Liabilities    
Deferred income taxes 1,234 1,303
Asset retirement obligations 861 877
Regulatory liabilities 1,557 1,565
Operating lease liabilities 49 50
Accrued pension and other post-retirement benefit costs 168 167
Investment tax credits 177 177
Other (includes amounts related to VIEs) 74 44
Total other noncurrent liabilities 4,120 4,183
Commitments and Contingencies
Equity    
Member's Equity 4,824 5,015
Total Liabilities and Equity 14,219 14,488
Piedmont    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 303 318
Receivables from affiliated companies 13 11
Inventory 51 109
Regulatory assets (includes amounts related to VIEs) 133 141
Other (includes amounts related to VIEs) 16 9
Total current assets 516 588
Property, Plant and Equipment    
Cost 10,110 9,918
Accumulated depreciation and amortization (1,952) (1,899)
Facilities to be retired, net 10 11
Net property, plant and equipment 8,168 8,030
Other Noncurrent Assets    
Goodwill 49 49
Regulatory assets (includes amounts related to VIEs) 349 316
Operating lease right-of-use assets, net 15 16
Investments in equity method unconsolidated affiliates 97 95
Other (includes amounts related to VIEs) 307 288
Total other noncurrent assets 817 764
Total Assets 9,501 9,382
Current Liabilities    
Accounts payable 170 196
Accounts payable to affiliated companies 52 40
Notes payable to affiliated companies 360 518
Taxes accrued 79 63
Interest accrued 35 37
Regulatory liabilities 98 56
Other 73 81
Total current liabilities 867 991
Long-Term Debt (includes amounts related to VIEs) 2,969 2,968
Other Noncurrent Liabilities    
Deferred income taxes 831 815
Asset retirement obligations 22 22
Regulatory liabilities 1,041 1,058
Operating lease liabilities 13 14
Accrued pension and other post-retirement benefit costs 7 7
Other (includes amounts related to VIEs) 188 158
Total other noncurrent liabilities 2,102 2,074
Commitments and Contingencies
Equity    
Common stock 1,635 1,635
Retained earnings 1,928 1,714
Total Duke Energy Corporation stockholders' equity 3,563 3,349
Total Liabilities and Equity 9,501 9,382
Preferred stock, Series A    
Equity    
Preferred stock 973 973
Preferred stock, Series B    
Equity    
Preferred stock $ 989 $ 989