Dispositions (Tables)

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the carrying values of the major classes of Assets held for sale and Liabilities associated with assets held for sale included in Duke Energy's Consolidated Balance Sheets.

(in millions)	June 30, 2023		December 31, 2022
Current Assets Held for Sale
Cash and cash equivalents	$	28	$	10
Receivables, net	124		107
Inventory	87		88
Other	151		151
Total current assets held for sale	390		356
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost	5,343		6,444
Accumulated depreciation and amortization	(1,651)		(1,651)
Net property, plant and equipment	3,692		4,793
Operating lease right-of-use assets, net	144		140
Investments in equity method unconsolidated affiliates	509		522
Other	216		179
Total other noncurrent assets held for sale	869		841
Total Assets Held for Sale	$	4,951	$	5,990
Current Liabilities Associated with Assets Held for Sale
Accounts payable	$	80	$	122
Taxes accrued	16		17
Current maturities of long-term debt	277		276
Other	202		120
Total current liabilities associated with assets held for sale	575		535
Noncurrent Liabilities Associated with Assets Held for Sale
Long-Term debt	1,108		1,188
Operating lease liabilities	153		150
Asset retirement obligations	197		190
Other	262		399
Total other noncurrent liabilities associated with assets held for sale	1,720		1,927
Total Liabilities Associated with Assets Held for Sale	$	2,295	$	2,462

As of June 30, 2023, and December 31, 2022, the noncontrolling interest balance is $1.8 billion and $1.6 billion, respectively.

The following table presents the results of the Commercial Renewables Disposal Groups, which are included in Loss from Discontinued Operations, net of tax in Duke Energy's Consolidated Statements of Operations.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2023		2022		2023		2022
Operating revenues	$	110	$	122	$	190	$	243
Operation, maintenance and other	88		82		177		163
Depreciation and amortization(a)	—		64		—		128
Property and other taxes	9		11		19		21
Other income and expenses, net	(3)		(3)		(7)		(3)
Interest expense	12		18		43		37
Loss on disposal	1,214		—		1,434		—
Loss before income taxes	(1,216)		(56)		(1,490)		(109)
Income tax benefit	(261)		(38)		(326)		(76)
Loss from discontinued operations	$	(955)	$	(18)	$	(1,164)	$	(33)
Add: Net loss attributable to noncontrolling interest included in discontinued operations	7		45		71		72
Net (loss) income from discontinued operations attributable to Duke Energy Corporation	$	(948)	$	27	$	(1,093)	$	39

(a)    Upon meeting the criteria for assets held for sale, beginning in November 2022 depreciation and amortization expense were ceased.

The following table summarizes Duke Energy's cash flows from discontinued operations related to the Commercial Renewables Disposal Groups.

	Six Months Ended
	June 30,
(in millions)	2023		2022
Cash flows provided by (used in):
Operating activities	$	274	$	212
Investing activities	(417)		(223)