Business Segments

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

Duke Energy

Due to Duke Energy's commitment in the fourth quarter of 2022 to sell the Commercial Renewables business segment, Duke Energy's segment structure now includes the following two segments: EU&I and GU&I. Prior period information has been recast to conform to the current segment structure. See Note 2 for further information on the Commercial Renewables Disposal Groups.

The EU&I segment primarily includes Duke Energy's regulated electric utilities in the Carolinas, Florida and the Midwest. EU&I also includes Duke Energy's electric transmission infrastructure investments and the offshore wind contract for Carolina Long Bay. Refer to Note 2 for further information.

The GU&I segment includes Piedmont, Duke Energy's natural gas local distribution companies in Ohio and Kentucky and Duke Energy's natural gas storage, midstream pipeline and renewable natural gas investments.

The remainder of Duke Energy’s operations is presented as Other, which is primarily comprised of interest expense on holding company debt, unallocated corporate costs, Duke Energy’s wholly owned captive insurance company, Bison, and Duke Energy's ownership interest in National Methanol Company.

Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets.

	Three Months Ended June 30, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	6,232	$	337	$	6,569	$	9	$	—	$	6,578
Intersegment revenues	18		22		40		25		(65)		—
Total revenues	$	6,250	$	359	$	6,609	$	34	$	(65)	$	6,578
Segment income (loss)	$	850	$	25	$	875	$	(161)	$	—	$	714
Less: Noncontrolling interests											(16)
Add: Preferred stock dividend											14
Discontinued operations											(948)
Net Loss											$	(204)
Segment assets(a)	$	154,983	$	16,385	$	171,368	$	8,708	$	—	$	180,076

	Three Months Ended June 30, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	6,126	$	430	$	6,556	$	8	$	—	$	6,564
Intersegment revenues	9		23		32		23		(55)		—
Total revenues	$	6,135	$	453	$	6,588	$	31	$	(55)	$	6,564
Segment income (loss)	$	974	$	19	$	993	$	(126)	$	(1)	$	866
Less: Noncontrolling interests											27
Add: Preferred stock dividend											14
Discontinued operations											27
Net Income											$	880

(a)Other includes Assets Held for Sale balances related to the Commercial Renewables Disposal Groups. Refer to Note 2 for further information.

	Six Months Ended June 30, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	12,613	$	1,225	$	13,838	$	16	$	—	$	13,854
Intersegment revenues	35		45		80		49		(129)		—
Total revenues	$	12,648	$	1,270	$	13,918	$	65	$	(129)	$	13,854
Segment income (loss)	$	1,641	$	312	$	1,953	$	(329)	$	—	$	1,624
Less: Noncontrolling interests											27
Add: Preferred stock dividend											53
Discontinued operations											(1,093)
Net Income											$	557

	Six Months Ended June 30, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Unaffiliated revenues	$	12,121	$	1,439	$	13,560	$	15	$	—	$	13,575
Intersegment revenues	16		46		62		46		(108)		—
Total revenues	$	12,137	$	1,485	$	13,622	$	61	$	(108)	$	13,575
Segment income (loss)(a)	$	1,697	$	273	$	1,970	$	(297)	$	(1)	$	1,672
Less: Noncontrolling interests											64
Add: Preferred stock dividend											53
Discontinued operations											39
Net Income											$	1,700

Duke Energy Ohio

Duke Energy Ohio has two reportable segments, EU&I and GU&I. The remainder of Duke Energy Ohio's operations is presented as Other.

	Three Months Ended June 30, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Eliminations		Total
Total revenues	$	465	$	124	$	589	$	—	$	—	$	589
Segment income (loss)/Net income	$	54	$	18	$	72	$	(1)	$	—	$	71
Segment assets	$	7,683	$	4,111	$	11,794	$	10	$	(13)	$	11,791

	Three Months Ended June 30, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total
Total revenues	$	401	$	144	$	545	$	—	$	545
Segment income/Net income	$	37	$	19	$	56	$	—	$	56

	Six Months Ended June 30, 2023
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total
Total revenues	$	939	$	359	$	1,298	$	—	$	1,298
Segment income (loss)/Net income	$	103	$	70	$	173	$	(2)	$	171

	Six Months Ended June 30, 2022
	Electric		Gas		Total
	Utilities and		Utilities and		Reportable
(in millions)	Infrastructure		Infrastructure		Segments		Other		Total
Total revenues	$	813	$	370	$	1,183	$	—	$	1,183
Segment income (loss)/Net income	$	78	$	57	$	135	$	(2)	$	133