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Condensed Consolidated Balance Sheets - Duke Energy Progress - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 253 $ 409
Receivables of VIEs (net of allowance for doubtful accounts) 1,112 1,309
Receivables (net of allowance for doubtful accounts) 3,019 3,106
Inventory (includes $462 at 2023 related to VIEs) 4,292 3,584
Regulatory assets 3,648 3,485
Other (includes amounts related to VIEs) 431 973
Total current assets 12,769 13,222
Property, Plant and Equipment    
Cost 171,351 163,839
Accumulated depreciation and amortization (56,038) (52,100)
Facilities to be retired, net 2 9
Net property, plant and equipment 115,315 111,748
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 13,618 14,645
Nuclear decommissioning trust funds 10,143 8,637
Operating lease right-of-use assets, net 1,092 1,042
Other (including amounts related to VIEs) 3,964 3,400
Total other noncurrent assets 48,809 53,116
Total Assets 176,893 178,086
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 4,228 4,754
Taxes accrued 816 722
Interest accrued 745 626
Current maturities of long-term debt 2,800 3,878
Asset retirement obligations 596 773
Regulatory liabilities 1,369 1,466
Other 2,319 2,167
Total current liabilities 17,283 18,873
Long-Term Debt (includes amounts related to VIEs) 72,452 65,873
Other Noncurrent Liabilities    
Deferred income taxes 10,556 9,964
Total noncurrent asset retirement obligation 8,560 11,955
Total noncurrent regulatory liabilities 14,039 13,582
Operating lease liabilities 917 876
Accrued pension and other post-retirement benefit costs 485 832
Investment tax credits 864 849
Other noncurrent liabilities 1,393 1,502
Total other noncurrent liabilities 36,971 41,487
Commitments and Contingencies
Equity    
Total Liabilities and Equity 176,893 178,086
Consolidated VIEs    
Current Assets    
Inventory (includes $462 at 2023 related to VIEs) 462  
Regulatory assets 110 106
Other (includes amounts related to VIEs) 90 116
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 1,642 1,715
Other (including amounts related to VIEs) 49 52
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 188  
Current maturities of long-term debt 428 350
Long-Term Debt (includes amounts related to VIEs) 3,000 3,108
Other Noncurrent Liabilities    
Other noncurrent liabilities 35  
Duke Energy Progress    
Current Assets    
Cash and cash equivalents 18 49
Receivables of VIEs (net of allowance for doubtful accounts) 139 167
Receivables (net of allowance for doubtful accounts) 833 793
Inventory (includes $462 at 2023 related to VIEs) 1,227 1,006
Regulatory assets 942 690
Other (includes amounts related to VIEs) 72 174
Total current assets 3,247 2,904
Property, Plant and Equipment    
Cost 39,283 38,875
Accumulated depreciation and amortization (15,227) (14,201)
Net property, plant and equipment 24,056 24,674
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 4,546 4,724
Nuclear decommissioning trust funds 4,075 3,430
Operating lease right-of-use assets, net 318 370
Other (including amounts related to VIEs) 682 650
Total other noncurrent assets 9,621 9,174
Total Assets 36,924 36,752
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 634 601
Taxes accrued 176 77
Interest accrued 114 101
Current maturities of long-term debt 72 369
Asset retirement obligations 244 288
Regulatory liabilities 300 332
Other 481 384
Total current liabilities 3,244 2,898
Long-Term Debt (includes amounts related to VIEs) 11,492 10,568
Other Noncurrent Liabilities    
Deferred income taxes 2,560 2,477
Total noncurrent asset retirement obligation 3,626 5,535
Total noncurrent regulatory liabilities 4,375 4,120
Operating lease liabilities 293 335
Accrued pension and other post-retirement benefit costs 146 160
Investment tax credits 129 124
Other noncurrent liabilities 102 76
Total other noncurrent liabilities 11,231 12,827
Commitments and Contingencies
Equity    
Total member's equity 10,807 10,309
Total Liabilities and Equity 36,924 36,752
Duke Energy Progress | Consolidated VIEs    
Current Assets    
Regulatory assets 39 39
Other (includes amounts related to VIEs) 31 42
Other Noncurrent Assets    
Other Noncurrent Assets: Regulatory assets 643 681
Current Liabilities    
Current maturities of long-term debt 34 34
Long-Term Debt (includes amounts related to VIEs) 1,079 1,114
Other Noncurrent Liabilities    
Other noncurrent liabilities 12  
Duke Energy Progress | Affiliated entity    
Current Assets    
Receivables of VIEs (net of allowance for doubtful accounts) 16 25
Current Liabilities    
Accounts payable (includes $188 at 2023 related to VIEs) 332 508
Notes payable to affiliated companies 891 238
Long-Term Debt (includes amounts related to VIEs) $ 150 $ 150