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Business Segments (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting Information [Line Items]  
Business Segment Data
Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets.
Year Ended December 31, 2022
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated Revenues$25,990 $2,748 $28,738 $30 $ $28,768 
Intersegment Revenues34 92 126 92 (218) 
Total Revenues$26,024 $2,840 $28,864 $122 $(218)$28,768 
Interest Expense$1,565 $182 $1,747 $778 $(86)$2,439 
Depreciation and amortization4,550 327 4,877 236 (27)5,086 
Equity in earnings of unconsolidated affiliates7 20 27 86  113 
Income tax expense (benefit)536 8 544 (244) 300 
Segment income (loss)(a)(b)
3,929 468 4,397 (737)(1)3,659 
Less noncontrolling interest95 
Add back preferred stock dividend106 
Discontinued operations(1,215)
Net income$2,455 
Capital investments expenditures and acquisitions(c)
$8,985 $1,295 $10,280 $1,139 $ $11,419 
Segment assets(d)
152,104 16,411 168,515 9,571  178,086 
(a)    EU&I includes $386 million recorded within Impairment of assets and other charges, $46 million within Regulated electric revenues and $34 million within Noncontrolling Interests related to the Duke Energy Indiana court rulings on coal ash on the Consolidated Statements of Operations. See Note 4 for additional information.
(b)    Other includes $72 million recorded within Impairment of assets and other charges, $71 million within Operations, maintenance and other and a $7 million gain within Gains on sales of other assets related to costs attributable to business transformation, including long-term real estate strategy changes and workforce realignment on the Consolidated Statements of Operations; it also includes $25 million recorded within Operations, maintenance and other related to litigation on the Consolidated Statements of Operations.
(c)    Other includes capital investments expenditures and acquisitions related to the Commercial Renewables Disposal Groups.
(d)    Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information.
Year Ended December 31, 2021
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated Revenues$22,570 $2,022 $24,592 $29 $— $24,621 
Intersegment Revenues33 90 123 84 (207)— 
Total Revenues$22,603 $2,112 $24,715 $113 $(207)$24,621 
Interest Expense$1,432 $142 $1,574 $643 $(10)$2,207 
Depreciation and amortization4,251 303 4,554 236 (28)4,762 
Equity in earnings of unconsolidated affiliates15 47 — 62 
Income tax expense (benefit)494 55 549 (281)— 268 
Segment income (loss)(a)(b)(c)
3,850 396 4,246 (641)(3)3,602 
Less noncontrolling interest329 
Add back preferred stock dividend106 
Discontinued operations200 
Net income$3,579 
Capital investments expenditures and acquisitions(d)
$7,653 $1,271 $8,924 $828 $— $9,752 
Segment assets(e)
143,841 15,179 159,020 10,567 — 169,587 
(a)    EU&I includes $160 million of expense recorded within Impairment of assets and other charges, $77 million of income within Other Income and expenses, $5 million of expense within Operations, maintenance and other, $13 million of income within regulated operating revenues, $3 million of expense within interest expense and $6 million of expense within Depreciation and amortization on the Duke Energy Carolinas' Consolidated Statement of Operations related to the South Carolina Supreme Court decision on coal ash and insurance proceeds; it also includes $42 million of expense recorded within Impairment of assets and other charges, $34 million of income within Other Income and expenses, $7 million of expense within Operations, maintenance, and other, $15 million of income within Regulated electric operating revenues, $5 million of expense within interest expense and $1 million of expense within Depreciation and amortization on the Duke Energy Progress' Consolidated Statement of Operations. See Notes 4 and 5 for more information.
(b)    GU&I includes $20 million, recorded within Equity in earnings (losses) of unconsolidated affiliates on the Consolidated Statements of Operations, related to natural gas pipeline investments. See Note 4 for additional information.
(c)    Other includes $133 million recorded within Impairment of assets and other charges, $42 million within Operations, maintenance and other, and $17 million within Depreciation and amortization on the Consolidated Statements of Operations, related to the workplace and workforce realignment. See Note 11 for additional information.
(d)    Other includes capital investments expenditures and acquisitions related to the Commercial Renewables Disposal Groups.
(e)    Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information.
Year Ended December 31, 2020
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated Revenues$21,687 $1,653 $23,340 $26 $— $23,366 
Intersegment Revenues33 95 128 73 (201)— 
Total Revenues$21,720 $1,748 $23,468 $99 $(201)$23,366 
Interest Expense$1,320 $135 $1,455 $657 $(15)$2,097 
Depreciation and amortization4,068 258 4,326 207 (29)4,504 
Equity in (losses) earnings of unconsolidated affiliates(1)(2,017)(2,018)13 — (2,005)
Income tax expense (benefit)340 (349)(9)(160)— (169)
Segment income (loss)(a)(b)(c)
2,669 (1,266)1,403 (418)(4)981 
Less noncontrolling interest295 
Add back preferred stock dividend107 
Discontinued operations289 
Net income$1,082 
Capital investments expenditures and acquisitions(d)
$7,629 $1,309 $8,938 $1,483 $— $10,421 
Segment assets(e)
138,225 13,849 152,074 10,314 — 162,388 
(a)    EU&I includes $948 million of Impairment of assets and other charges and a reversal of $152 million included in Regulated electric operating revenue related to the CCR Settlement Agreement filed with the NCUC. Additionally, EU&I includes $19 million of Impairment of assets and other charges related to the Clemson University Combined Heat and Power Plant, $5 million of Impairment charges related to the natural gas pipeline assets and $16 million of shareholder contributions within Operations, maintenance and other related to Duke Energy Carolinas' and Duke Energy Progress' 2019 North Carolina rate cases. See Note 4 for additional information.
(b)    GU&I includes $2.1 billion recorded within Equity in (losses) earnings of unconsolidated affiliates and $7 million of Impairment of assets and other charges related to natural gas pipeline investments. See Notes 4 and 13 for additional information.
(c)    Other includes a $98 million reversal of 2018 severance costs due to a partial settlement in the Duke Energy Carolinas' 2019 North Carolina rate case. See Note 21 for additional information.
(d)    Other includes capital investments expenditures and acquisitions related to the Commercial Renewables Disposal Groups.
(e)    Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information.
Schedule of Revenue, By Products and Services
Products and Services
The following table summarizes revenues of the reportable segments by type.
RetailWholesaleRetailTotal
(in millions)ElectricElectricNatural GasOther Revenues
2022
Electric Utilities and Infrastructure$22,036 $2,882 $ $1,106 $26,024 
Gas Utilities and Infrastructure  2,535 305 2,840 
Total Reportable Segments$22,036 $2,882 $2,535 $1,411 $28,864 
2021
Electric Utilities and Infrastructure$19,410 $2,216 $— $977 $22,603 
Gas Utilities and Infrastructure— — 2,025 87 2,112 
Total Reportable Segments$19,410 $2,216 $2,025 $1,064 $24,715 
2020
Electric Utilities and Infrastructure$18,898 $1,878 $— $944 $21,720 
Gas Utilities and Infrastructure— — 1,691 57 1,748 
Total Reportable Segments$18,898 $1,878 $1,691 $1,001 $23,468 
Duke Energy Ohio  
Segment Reporting Information [Line Items]  
Business Segment Data
Year Ended December 31, 2022
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Total revenues$1,798 $716 $2,514 $ $ $2,514 
Interest expense$86 $43 $129 $ $ $129 
Depreciation and amortization221 103 324   324 
Income tax expense (benefit)24 (43)(19)(2) (21)
Segment income (loss)/Net income189 121 310 (8) 302 
Capital expenditures$488 $362 $850 $ $ $850 
Segment assets7,504 4,164 11,668 14 (176)11,506 
Year Ended December 31, 2021
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Total revenues$1,493 $544 $2,037 $— $— $2,037 
Interest expense$87 $24 $111 $— $— $111 
Depreciation and amortization217 90 307 — — 307 
Income tax expense (benefit)15 19 34 (4)— 30 
Segment income (loss)/Net Income141 78 219 (15)— 204 
Capital expenditures$486 $362 $848 $— $— $848 
Segment assets6,882 3,892 10,774 29 (29)10,774 
Year Ended December 31, 2020
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Total revenues$1,405 $453 $1,858 $— $— $1,858 
Interest expense$85 $17 $102 $— $— $102 
Depreciation and amortization200 78 278 — — 278 
Income tax expense (benefit)19 26 45 (2)— 43 
Segment income (loss)162 96 258 (6)— 252 
Capital expenditures$548 $286 $834 $— $— $834 
Segment assets6,615 3,380 9,995 32 (2)10,025