XML 133 R78.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Segments (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated Revenues$26,846 $2,177 $29,023 $37 $— $29,060 
Intersegment Revenues75 89 164 97 (261)— 
Total Revenues$26,921 $2,266 $29,187 $134 $(261)$29,060 
Interest Expense$1,850 $217 $2,067 $1,097 $(150)$3,014 
Depreciation and amortization4,684 349 5,033 248 (28)5,253 
Equity in earnings of unconsolidated affiliates7 40 47 66 — 113 
Income tax expense (benefit)742 116 858 (420)— 438 
Segment income (loss)(a)(b)
4,223 519 4,742 (616)— 4,126 
Less noncontrolling interest(33)
Add back preferred stock dividend106 
Discontinued operations(1,391)
Net income$2,874 
Capital investments expenditures and acquisitions(c)
$10,135 $1,492 $11,627 $995 $— $12,622 
Segment assets(d)
155,449 17,349 172,798 4,095 — 176,893 
(a)    EU&I includes $35 million recorded with Impairment of assets and other charges and $8 million within Operations, maintenance and other primarily related to the North Carolina rate case order on Duke Energy Carolinas' Consolidated Statements of Operations; it also includes $33 million within Impairment of assets and other charges and $8 million within Operations, maintenance and other primarily related to the North Carolina rate case order on Duke Energy Progress' Consolidated Statements of Operations. See Note 4 for additional information.
(b)    Other includes $110 million recorded within Operations, maintenance and other and $14 million within Impairments of assets and other charges primarily related to strategic repositioning as the Company transitions to a fully regulated utility on the Consolidated Statements of Operations. See Note 21 for additional information.
(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, 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 affiliates
7 8 15 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.
(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.
(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.
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
2023
Electric Utilities and Infrastructure$23,484 $2,193 $— $1,244 $26,921 
Gas Utilities and Infrastructure— — 2,199 67 2,266 
Total Reportable Segments$23,484 $2,193 $2,199 $1,311 $29,187 
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 
Duke Energy Ohio  
Segment Reporting Information [Line Items]  
Business Segment Data
Year Ended December 31, 2023
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Total revenues$1,868 $639 $2,507 $— $— $2,507 
Interest expense$116 $53 $169 $— $— $169 
Depreciation and amortization257 110 367 — — 367 
Income tax expense (benefit)42 23 65 (2)— 63 
Segment income (loss)/Net income227 116 343 (9)— 334 
Capital expenditures$520 $419 $939 $— $— $939 
Segment assets7,978 4,346 12,324 13 (121)12,216 
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 Income
141 78 219 (15)— 204 
Capital expenditures$486 $362 $848 $— $— $848 
Segment assets6,882 3,892 10,774 29 (29)10,774