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Condensed Consolidated Statements of Operations and Comprehensive Income - Progress Energy - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues $ 6,685 $ 5,758 $ 13,817 $ 11,908
Operating Expenses        
Operation, maintenance and other 1,447 1,410 3,077 2,812
Depreciation and amortization 1,302 1,207 2,622 2,433
Property and other taxes 379 349 771 702
Impairment of assets and other charges (9) 131 206 131
Total operating expenses 5,280 4,591 11,135 9,291
Gains on Sales of Other Assets and Other, net 8 2 10 2
Operating Income 1,413 1,169 2,692 2,619
Total other income and expenses 151 137 265 247
Interest Expense 607 572 1,194 1,107
Income Before Income Taxes 957 734 1,763 1,759
Income Tax Expense 77 36 63 120
Net Income 880 698 1,700 1,639
Add: Net Loss Attributable to Noncontrolling Interests (27) (67) (64) (118)
Net Income Attributable to Duke Energy Corporation 907 765 1,764 1,757
Pension and OPEB adjustments [1] 2   4 2
Net unrealized gains (losses) on cash flow hedges [1] 149 (97) 262 (68)
Unrealized (losses) gains on available-for-sale securities [1] (8) 4 (21) (4)
Other comprehensive (loss) income [1] 135 (89) 242 (63)
Comprehensive Income 1,015 609 1,942 1,576
Progress Energy        
Operating Revenues 3,214 2,679 6,206 5,184
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,258 833 2,322 1,628
Operation, maintenance and other 603 626 1,248 1,227
Depreciation and amortization 509 441 1,045 926
Property and other taxes 151 133 303 275
Impairment of assets and other charges 4 37 4 37
Total operating expenses 2,525 2,070 4,922 4,093
Gains on Sales of Other Assets and Other, net 1 1 3 1
Operating Income 690 610 1,287 1,092
Total other income and expenses 70 38 105 81
Interest Expense 208 200 419 392
Income Before Income Taxes 552 448 973 781
Income Tax Expense 93 37 160 80
Net Income 459 411 813 701
Add: Net Loss Attributable to Noncontrolling Interests 1 0 1 0
Net Income Attributable to Duke Energy Corporation 458 411 812 701
Pension and OPEB adjustments   1   1
Net unrealized gains (losses) on cash flow hedges     1 1
Unrealized (losses) gains on available-for-sale securities (1) 1 (3)  
Other comprehensive (loss) income (1) 2 (2) 2
Comprehensive Income $ 458 $ 413 $ 811 $ 703
[1] Net of income tax impacts of approximately $40 million and $27 million for the three months ended June 30, 2022, and 2021, respectively, and $72 million and $19 million for the six months ended June 30, 2022, and 2021, respectively.