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Condensed Consolidated Statements of Operations and Comprehensive Income - Progress Energy - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues $ 7,968 $ 6,951 $ 21,785 $ 18,859
Operating Expenses        
Operation, maintenance and other 1,394 1,507 4,471 4,319
Depreciation and amortization 1,364 1,265 3,986 3,698
Property and other taxes 378 371 1,149 1,073
Impairment (reversal) of assets and other charges (4) 211 202 342
Total operating expenses 5,950 5,273 17,085 14,564
Gains (Losses) on Sales of Other Assets and Other, net 6 9 16 11
Operating Income 2,024 1,687 4,716 4,306
Total other income and expenses 115 260 380 507
Interest Expense 621 581 1,815 1,688
Income From Continuing Operations Before Income Taxes 1,518 1,366 3,281 3,125
Income Tax Expense From Continuing Operations 128 90 191 210
Net Income 1,413 1,276 3,113 2,915
Add: Net Loss Attributable to Noncontrolling Interests (9) (129) (73) (247)
Net Income Attributable to Duke Energy Corporation 1,422 1,405 3,186 3,162
Pension and OPEB adjustments [1] (7) 1 (3) 3
Net unrealized gains (losses) on cash flow hedges [1] 14 9 276 (59)
Unrealized losses on available-for-sale securities [1] 1 (2) (20) (6)
Other comprehensive (loss) income 0 10 [1] 242 [1] (53) [1]
Comprehensive Income 1,413 1,286 3,355 2,862
Less: Comprehensive Loss Attributable to Noncontrolling Interests (4) (128) (56) (240)
Comprehensive Income 1,417 1,414 3,411 3,102
Progress Energy        
Operating Revenues 3,881 3,233 10,087 8,417
Operating Expenses        
Fuel used in electric generation and purchased power/Cost of natural gas 1,605 1,074 3,927 2,702
Operation, maintenance and other 581 636 1,829 1,863
Depreciation and amortization 562 504 1,607 1,430
Property and other taxes 169 144 472 419
Impairment (reversal) of assets and other charges   42 4 79
Total operating expenses 2,917 2,400 7,839 6,493
Gains (Losses) on Sales of Other Assets and Other, net 3 8 6 9
Operating Income 967 841 2,254 1,933
Total other income and expenses 45 86 150 167
Interest Expense 197 200 616 592
Income From Continuing Operations Before Income Taxes 815 727 1,788 1,508
Income Tax Expense From Continuing Operations 129 94 289 174
Net Income 686 633 1,499 1,334
Add: Net Loss Attributable to Noncontrolling Interests 0 1 1 1
Net Income Attributable to Duke Energy Corporation 686 632 1,498 1,333
Pension and OPEB adjustments   (1)   0
Net unrealized gains (losses) on cash flow hedges   1 1 2
Unrealized losses on available-for-sale securities (1)   (4)  
Other comprehensive (loss) income (1) 0 (3) 2
Comprehensive Income 685 633 1,496 1,336
Less: Comprehensive Loss Attributable to Noncontrolling Interests   1 1 1
Comprehensive Income $ 685 $ 632 $ 1,495 $ 1,335
[1] Net of income tax expense of approximately $72 million for the nine months ended September, 30, 2022 and income tax benefit of $16 million for the nine months ended September 30, 2021. All other periods presented include immaterial income tax impacts.