XML 258 R203.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes (Effective Tax Rates) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 1,001 $ 856 $ 838
State income tax, net of federal income tax effect 43 (17) 1
Amortization of EDIT (388) (481) (438)
AFUDC equity income (41) (41) (34)
AFUDC equity depreciation 37 36 35
Tax credits(b) (63) (43) (30)
Valuation allowance     (85)
Interest on company-owned life insurance 114    
Other items, net (37) (10) (19)
Income tax expense from continuing operations $ 438 $ 300 $ 268
Effective tax rate (as a percent) 9.20% 7.40% 6.70%
Federal capital gain     $ 426
Domestic Tax Authority      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Favorable adjustment amounts $ 114    
State      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Favorable adjustment amounts 6    
Duke Energy Carolinas      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% 338 $ 362 291
State income tax, net of federal income tax effect 12 (23) (44)
Amortization of EDIT (197) (195) (184)
AFUDC equity income (19) (20) (14)
AFUDC equity depreciation 18 18 18
Tax credits(b) (11) (12) (12)
Other items, net   (4) (4)
Income tax expense from continuing operations $ 141 $ 126 $ 51
Effective tax rate (as a percent) 8.80% 7.30% 3.70%
Progress Energy      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 490 $ 457 $ 384
State income tax, net of federal income tax effect 60 44 34
Amortization of EDIT (114) (133) (174)
AFUDC equity income (14) (14) (11)
AFUDC equity depreciation 13 12 10
Tax credits(b) (46) (16) (11)
Other items, net (12) (2) (5)
Income tax expense from continuing operations $ 377 $ 348 $ 227
Effective tax rate (as a percent) 16.20% 16.00% 12.40%
Duke Energy Progress      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 241 $ 245 $ 224
State income tax, net of federal income tax effect 18 6 (14)
Amortization of EDIT (91) (74) (120)
AFUDC equity income (11) (11) (7)
AFUDC equity depreciation 6 6 5
Tax credits(b) (7) (9) (8)
Other items, net (7) (5) (5)
Income tax expense from continuing operations $ 149 $ 158 $ 75
Effective tax rate (as a percent) 13.00% 13.60% 7.00%
Duke Energy Florida      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 268 $ 238 $ 194
State income tax, net of federal income tax effect 56 48 47
Amortization of EDIT (23) (59) (54)
AFUDC equity income (3) (3) (3)
AFUDC equity depreciation 7 6 5
Tax credits(b) (39) (7) (3)
Other items, net (5) 2 1
Income tax expense from continuing operations $ 261 $ 225 $ 187
Effective tax rate (as a percent) 20.40% 19.80% 20.20%
Duke Energy Ohio      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 83 $ 59 $ 49
State income tax, net of federal income tax effect (2) 3 2
Amortization of EDIT (22) (79) (22)
AFUDC equity income (2) (1) (2)
AFUDC equity depreciation 2 1 2
Tax credits(b) (2) (2) (1)
Other items, net 6 (2) 2
Income tax expense from continuing operations $ 63 $ (21) $ 30
Effective tax rate (as a percent) 15.90% (7.50%) 12.80%
Duke Energy Indiana      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 128 $ 24 $ 123
State income tax, net of federal income tax effect 18 2 18
Amortization of EDIT (33) (48) (34)
AFUDC equity income (2) (2) (4)
AFUDC equity depreciation 4 4 5
Tax credits(b) (2) (3) (2)
Other items, net (3) (1) 1
Income tax expense from continuing operations $ 110 $ (24) $ 107
Effective tax rate (as a percent) 18.10% (21.20%) 18.20%
Piedmont      
Reconciliation of Income Tax Expense at the U.S. Federal Statutory Tax Rate to the Actual Tax Expense from Continuing Operations [Abstract]      
Income tax expense, computed at the statutory rate of 21% $ 97 $ 76 $ 71
State income tax, net of federal income tax effect 12 (4) (8)
Amortization of EDIT (20) (23) (25)
AFUDC equity income (4) (2) (4)
Tax credits(b) (1) (8) (4)
Income tax expense from continuing operations $ 84 $ 39 $ 30
Effective tax rate (as a percent) 18.10% 10.80% 8.80%