Dispositions (Tables)

3 Months Ended

Mar. 31, 2024

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)	March 31, 2024		December 31, 2023
Current Assets Held for Sale
Other	$	11	$	14
Total current assets held for sale	11		14
Noncurrent Assets Held for Sale
Property, Plant and Equipment
Cost	357		247
Accumulated depreciation and amortization	(57)		(57)
Net property, plant and equipment	300		190
Operating lease right-of-use assets, net	4		4
Other	4		3
Total other noncurrent assets held for sale	8		7
Total Assets Held for Sale	$	319	$	211
Current Liabilities Associated with Assets Held for Sale
Accounts payable	$	97	$	9
Taxes accrued	1		3
Current maturities of long-term debt	44		5
Unrealized losses on commodity hedges	74		68
Other	35		37
Total current liabilities associated with assets held for sale	251		122
Noncurrent Liabilities Associated with Assets Held for Sale
Long-Term debt	—		39
Operating lease liabilities	5		5
Asset retirement obligations	8		8
Unrealized losses on commodity hedges	102		94
Other	11		11
Total other noncurrent liabilities associated with assets held for sale	126		157
Total Liabilities Associated with Assets Held for Sale	$	377	$	279

As of March 31, 2024, and December 31, 2023, the noncontrolling interest balance is $66 million.

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
	March 31,
(in millions)	2024		2023
Operating revenues	$	(6)	$	80
Operation, maintenance and other	4		89
Property and other taxes	—		10
Other income and expenses, net	—		(4)
Interest expense	2		31
(Gain) Loss on disposal	(10)		220
Loss before income taxes	(2)		(274)
Income tax expense (benefit)	1		(65)
Loss from discontinued operations	$	(3)	$	(209)
Add: Net loss attributable to noncontrolling interest included in discontinued operations	—		64
Net loss from discontinued operations attributable to Duke Energy Corporation	$	(3)	$	(145)

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

	Three Months Ended
	March 31,
(in millions)	2024		2023
Cash flows used in:
Operating activities	$	(3)	$	(54)
Investing activities	—		(151)