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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues      
Regulated electric $ 25,759 $ 22,319 $ 21,461
Regulated natural gas 2,724 2,008 1,642
Nonregulated electric and other 285 294 263
Total operating revenues 28,768 24,621 23,366
Operating Expenses      
Operation, maintenance and other 5,734 5,703 5,502
Depreciation and amortization 5,086 4,762 4,504
Property and other taxes 1,466 1,355 1,311
Impairment of assets and other charges 434 353 978
Total operating expenses 22,778 19,133 18,806
Gains on Sales of Other Assets and Other, net 22 12 11
Operating Income 6,012 5,500 4,571
Other Income and Expenses      
Equity in earnings (losses) of unconsolidated affiliates 113 62 (2,005)
Other income and expenses, net 392 636 451
Total other income and expenses 505 698 (1,554)
Interest Expense 2,439 2,207 2,097
Income From Continuing Operations Before Income Taxes 4,078 3,991 920
Income Tax Expense (Benefit) From Continuing Operations 300 268 (169)
Income From Continuing Operations 3,778 3,723 1,089
Loss From Discontinued Operations, net of tax (1,323) (144) (7)
Net Income 2,455 3,579 1,082
Add: Net Loss Attributable to Noncontrolling Interests 95 329 295
Net Income Attributable to Parent 2,550 3,908 1,377
Less: Preferred Dividends 106 106 107
Net Income Available to Common Stockholders 2,444 3,802 1,270
Other Comprehensive Income, net of tax      
Pension and OPEB adjustments [1] (19) 7 6
Net unrealized gain on cash flow hedges [1] 285 (68) (138)
Unrealized (losses) gains on available-for-sale securities [1] (21) (8) 3
Other Comprehensive Income (Loss), net of tax [1] 174 (56) (118)
Comprehensive Income 2,629 3,523 964
Add: Comprehensive Loss Attributable to Noncontrolling Interests (84) (319) (306)
Comprehensive Income Attributable to Duke Energy Corporation $ 2,713 $ 3,842 $ 1,270
Income from continuing operations available to Duke Energy Corporation common stockholders      
Basic (usd per share) $ 4.74 $ 4.68 $ 1.33
Diluted (usd per share) 4.74 4.68 1.33
(Loss) Income from discontinued operations attributable to Duke Energy Corporation common stockholders      
Basic (usd per share) (1.57) 0.26 0.39
Diluted (usd per share) (1.57) 0.26 0.39
Net income available to Duke Energy Corporation common stockholders      
Basic (usd per share) 3.17 4.94 1.72
Diluted (usd per share) $ 3.17 $ 4.94 $ 1.72
Weighted average shares outstanding      
Basic (in shares) 770 769 737
Diluted (in shares) 770 769 738
Fuel used in electric generation and purchased power      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas $ 8,782 $ 6,255 $ 6,051
Cost of natural gas      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,276 705 460
Duke Energy Carolinas      
Operating Revenues      
Total operating revenues 7,857 7,102 7,015
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 2,015 1,601 1,682
Operation, maintenance and other 1,892 1,833 1,743
Depreciation and amortization 1,526 1,468 1,462
Property and other taxes 340 320 299
Impairment of assets and other charges 26 227 476
Total operating expenses 5,799 5,449 5,662
Gains on Sales of Other Assets and Other, net 4 2 1
Operating Income 2,062 1,655 1,354
Other Income and Expenses      
Other income and expenses, net 221 270 177
Total other income and expenses 221 270 177
Interest Expense 557 538 487
Income From Continuing Operations Before Income Taxes 1,726 1,387 1,044
Income Tax Expense (Benefit) From Continuing Operations 126 51 88
Net Income Attributable to Parent 1,600 1,336 956
Other Comprehensive Income, net of tax      
Net unrealized gain on cash flow hedges   1  
Other Comprehensive Income (Loss), net of tax   1  
Comprehensive Income Attributable to Duke Energy Corporation 1,600 1,337 956
Progress Energy      
Operating Revenues      
Total operating revenues 13,125 11,057 10,627
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 5,078 3,584 3,479
Operation, maintenance and other 2,458 2,529 2,479
Depreciation and amortization 2,142 1,929 1,818
Property and other taxes 607 542 545
Impairment of assets and other charges 12 82 495
Total operating expenses 10,297 8,666 8,816
Gains on Sales of Other Assets and Other, net 11 14 9
Operating Income 2,839 2,405 1,820
Other Income and Expenses      
Other income and expenses, net 181 215 129
Total other income and expenses 181 215 129
Interest Expense 844 794 790
Income Before Income Taxes 2,176 1,826 1,159
Income Tax Expense (Benefit) From Continuing Operations 348 227 113
Net Income 1,828 1,599 1,046
Add: Net Loss Attributable to Noncontrolling Interests   (1) (1)
Net Income Attributable to Parent 1,828 1,598 1,045
Other Comprehensive Income, net of tax      
Pension and OPEB adjustments 5 1 (1)
Net unrealized gain on cash flow hedges 1 3 5
Unrealized (losses) gains on available-for-sale securities (6)   (1)
Other Comprehensive Income (Loss), net of tax 0 4 3
Comprehensive Income 1,828 1,603 1,049
Add: Comprehensive Loss Attributable to Noncontrolling Interests   1 1
Comprehensive Income Attributable to Duke Energy Corporation 1,828 1,602 1,048
Duke Energy Progress      
Operating Revenues      
Total operating revenues 6,753 5,780 5,422
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 2,492 1,778 1,743
Operation, maintenance and other 1,475 1,467 1,332
Depreciation and amortization 1,187 1,097 1,116
Property and other taxes 190 159 167
Impairment of assets and other charges 7 63 499
Total operating expenses 5,351 4,564 4,857
Gains on Sales of Other Assets and Other, net 4 13 8
Operating Income 1,406 1,229 573
Other Income and Expenses      
Other income and expenses, net 114 143 75
Total other income and expenses 114 143 75
Interest Expense 354 306 269
Income From Continuing Operations Before Income Taxes 1,166 1,066 379
Income Tax Expense (Benefit) From Continuing Operations 158 75 (36)
Net Income Attributable to Parent 1,008 991 415
Other Comprehensive Income, net of tax      
Comprehensive Income Attributable to Duke Energy Corporation 1,008 991 415
Duke Energy Florida      
Operating Revenues      
Total operating revenues 6,353 5,259 5,188
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 2,586 1,806 1,737
Operation, maintenance and other 967 1,048 1,131
Depreciation and amortization 955 831 702
Property and other taxes 421 383 381
Impairment of assets and other charges 4 19 (4)
Total operating expenses 4,933 4,087 3,947
Gains on Sales of Other Assets and Other, net 2 1 1
Operating Income 1,422 1,173 1,242
Other Income and Expenses      
Other income and expenses, net 74 71 53
Total other income and expenses 74 71 53
Interest Expense 362 319 326
Income From Continuing Operations Before Income Taxes 1,134 925 969
Income Tax Expense (Benefit) From Continuing Operations 225 187 198
Net Income Attributable to Parent 909 738 771
Other Comprehensive Income, net of tax      
Unrealized (losses) gains on available-for-sale securities (5) (1) (1)
Other Comprehensive Income (Loss), net of tax (5) (1) (1)
Comprehensive Income Attributable to Duke Energy Corporation 904 737 770
Duke Energy Ohio      
Operating Revenues      
Regulated electric 1,798 1,493 1,405
Regulated natural gas 716 544 453
Total operating revenues 2,514 2,037 1,858
Operating Expenses      
Operation, maintenance and other 523 479 463
Depreciation and amortization 324 307 278
Property and other taxes 369 355 324
Impairment of assets and other charges (10) 25  
Total operating expenses 2,124 1,711 1,477
Gains on Sales of Other Assets and Other, net 1 1  
Operating Income 391 327 381
Other Income and Expenses      
Other income and expenses, net 19 18 16
Total other income and expenses 19 18 16
Interest Expense 129 111 102
Income From Continuing Operations Before Income Taxes 281 234 295
Income Tax Expense (Benefit) From Continuing Operations (21) 30 43
Net Income Attributable to Parent 302 204 252
Other Comprehensive Income, net of tax      
Comprehensive Income Attributable to Duke Energy Corporation 302 204 252
Duke Energy Ohio | Fuel used in electric generation and purchased power      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 657 409 339
Duke Energy Ohio | Cost of natural gas      
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 261 136 73
Duke Energy Indiana      
Operating Revenues      
Total operating revenues 3,922 3,174 2,795
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,819 985 767
Operation, maintenance and other 729 750 762
Depreciation and amortization 645 615 569
Property and other taxes 75 73 81
Impairment of assets and other charges 388 9  
Total operating expenses 3,656 2,432 2,179
Operating Income 266 742 616
Other Income and Expenses      
Other income and expenses, net 36 42 37
Total other income and expenses 36 42 37
Interest Expense 189 196 161
Income From Continuing Operations Before Income Taxes 113 588 492
Income Tax Expense (Benefit) From Continuing Operations (24) 107 84
Net Income Attributable to Parent 137 481 408
Other Comprehensive Income, net of tax      
Comprehensive Income Attributable to Duke Energy Corporation 137 481 408
Piedmont      
Operating Revenues      
Regulated natural gas 2,100 1,555 1,286
Nonregulated electric and other 24 14 11
Total operating revenues 2,124 1,569 1,297
Operating Expenses      
Fuel used in electric generation and purchased power/Cost of natural gas 1,015 569 386
Operation, maintenance and other 368 327 322
Depreciation and amortization 222 213 180
Property and other taxes 57 55 53
Impairment of assets and other charges 18 10 7
Total operating expenses 1,680 1,174 948
Gains on Sales of Other Assets and Other, net 4 0 0
Operating Income 448 395 349
Other Income and Expenses      
Equity in earnings (losses) of unconsolidated affiliates 8 9 9
Other income and expenses, net 46 55 51
Total other income and expenses 54 64 60
Interest Expense 140 119 118
Income From Continuing Operations Before Income Taxes 362 340 291
Income Tax Expense (Benefit) From Continuing Operations 39 30 18
Net Income 323 310 273
Net Income Attributable to Parent 323 310 273
Other Comprehensive Income, net of tax      
Comprehensive Income Attributable to Duke Energy Corporation $ 323 $ 310 $ 273
[1] Net of income tax expense of approximately $52 million for the year ended December 31, 2022, and income tax benefit of approximately $17 million and $35 million for the years ended December 31, 2021, and 2020, respectively.