XML 51 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
2 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Oct. 31, 2016
Dec. 31, 2015
Oct. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net income   $ 3,064 $ 2,170   $ 2,831  
Net Income Attributable to Parent   3,059 2,152   2,816  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   4,046 3,880   3,613  
Equity component of AFUDC   (237) (200)   (164)  
(Gains) losses on sales of other assets   (33) 477   (48)  
Impairment charges   282 212   153  
Deferred income taxes   1,433 900   1,244  
Equity in (earnings) losses of unconsolidated affiliates   (119) 15   (69)  
Accrued pension and other post-retirement benefit costs   8 21   71  
Contributions to qualified pension plans   (19) (155)   (302)  
Payments for asset retirement obligations   (571) (608)   (346)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions   18 34   (29)  
Receivables   (83) (372)   383  
Inventory   268 272   (237)  
Other current assets   (388) (220)   (65)  
Increase (decrease) in [Abstract]            
Accounts payable   (204) 296   (6)  
Taxes accrued   149 236   (38)  
Other current liabilities   (482) 182   168  
Other assets   (438) (186)   (216)  
Other liabilities   (60) (137)   (243)  
Net cash provided by (used in) operating activities   6,634 6,817   6,700  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (8,052) (7,901)   (6,766)  
Contributions to equity method investments   (414) (307)   (263)  
Acquisitions, net of cash acquired   (13) (4,778)   (1,334)  
Return of investment capital   281 1   3  
Purchases of available-for-sale securities   (4,071) (5,153)   (4,037)  
Proceeds from sales and maturities of available-for-sale securities   4,098 5,236   4,040  
Proceeds from the sales of discontinued operations and other assets, net of cash divested     1,418   2,968  
Change in Restricted Cash   (10) (4)   191  
Other   (269) (45)   (79)  
Net cash used in investing activities   (8,450) (11,533)   (5,277)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   6,909 9,238   2,955  
Proceeds from Issuance of Common Stock     731   17  
Payments for the redemption of long-term debt   (2,316) (1,923)   (3,029)  
Proceeds from issuance of short-term debt with original maturities greater than 90 days   319 2,081   379  
Payments for the redemption of short-term debt with original maturities greater than 90 days   (272) (2,166)   (931)  
Notes payable and commercial paper   (409) (1,362)   1,797  
Dividends paid   (2,450) (2,332)   (2,254)  
Repurchase of common shares         (1,500)  
Other   1 (16)   (36)  
Net cash provided by (used in) financing activities   1,782 4,251   (2,602)  
Changes in Cash and Cash Equivalents included in asses held for sale     474   1,099  
Net (decrease) increase in cash and cash equivalents   (34) 9   (80)  
Cash and cash equivalents at beginning of period   392 383   463  
Cash and cash equivalents at end of period $ 392 358 392   383  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   1,963 1,794   1,607  
Cash paid for (received from) income taxes   4 229   170  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   1,032 1,000   771  
Duke Energy Carolinas [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent   1,214 1,166   1,081  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   1,409 1,382   1,361  
Equity component of AFUDC   (106) (102)   (96)  
(Gains) losses on sales of other assets   (1) 5   1  
Impairment charges     1   1  
Deferred income taxes   410 470   397  
Accrued pension and other post-retirement benefit costs   (4) 4   15  
Contributions to qualified pension plans     (43)   (91)  
Payments for asset retirement obligations   (271) (287)   (167)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions   9 5      
Receivables   (9) (76)   42  
Receivables from affiliated companies   68 (56)   (32)  
Inventory   78 215   (157)  
Other current assets   7 67   (51)  
Increase (decrease) in [Abstract]            
Accounts payable   23 (69)   (4)  
Accounts payable to affiliated companies   (38) 18   75  
Taxes accrued   86 187   (128)  
Other current liabilities   (161) 63   127  
Other assets   (49) 20   76  
Other liabilities   (31) 6   (77)  
Net cash provided by (used in) operating activities   2,634 2,976   2,373  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (2,524) (2,220)   (1,933)  
Purchases of available-for-sale securities   (2,124) (2,832)   (2,555)  
Proceeds from sales and maturities of available-for-sale securities   2,128 2,832   2,555  
Notes receivable from affiliated companies   66 97   (13)  
Other   (109) (83)   (35)  
Net cash used in investing activities   (2,563) (2,206)   (1,981)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   569 1,587   516  
Payments for the redemption of long-term debt   (116) (356)   (506)  
Notes payable to affiliated companies   104        
Distributions to parent   (625) (2,000)   (401)  
Other   (1)     (1)  
Net cash provided by (used in) financing activities   (69) (769)   (392)  
Net (decrease) increase in cash and cash equivalents   2 1   0  
Cash and cash equivalents at beginning of period   14 13   13  
Cash and cash equivalents at end of period 14 16 14   13  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   398 393   389  
Cash paid for (received from) income taxes   193 (60)   342  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   315 347   239  
Progress Energy [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net income   1,268 1,041   1,062  
Net Income Attributable to Parent   1,258 1,031   1,051  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   1,516 1,435   1,312  
Equity component of AFUDC   (92) (76)   (54)  
(Gains) losses on sales of other assets   (28) (34)   (31)  
Impairment charges   156 7   12  
Deferred income taxes   703 532   714  
Accrued pension and other post-retirement benefit costs   (28) (24)   (5)  
Contributions to qualified pension plans     (43)   (83)  
Payments for asset retirement obligations   (248) (270)   (156)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions     42   (6)  
Receivables   (89) 7   105  
Receivables from affiliated companies   71 211   (316)  
Inventory   125 35   (67)  
Other current assets   (384) 3   553  
Increase (decrease) in [Abstract]            
Accounts payable   (260) 252   (193)  
Accounts payable to affiliated companies   (97) 37   108  
Taxes accrued   17 15   (63)  
Other current liabilities   (166) (42)   136  
Other assets   (301) (248)   (167)  
Other liabilities   (98) (36)   (112)  
Net cash provided by (used in) operating activities   2,065 2,844   2,749  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (3,152) (3,306)   (2,698)  
Asset acquisitions     (10)   (1,249)  
Purchases of available-for-sale securities   (1,806) (2,143)   (1,174)  
Proceeds from sales and maturities of available-for-sale securities   1,824 2,187   1,211  
Proceeds from insurance   7 58      
Proceeds from the sale of nuclear fuel   20 20   102  
Notes receivable from affiliated companies   (160) (80)   220  
Change in Restricted Cash   5 (6)      
Other   (86) 47   (34)  
Net cash used in investing activities   (3,348) (3,233)   (3,622)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   2,118 2,375   1,186  
Payments for the redemption of long-term debt   (813) (327)   (1,553)  
Notes payable to affiliated companies   100 444   623  
Capital contribution from parent       625  
Dividends to parent   (124) (2,098)      
Other   (4) (3)   (6)  
Net cash provided by (used in) financing activities   1,277 391   875  
Net (decrease) increase in cash and cash equivalents   (6) 2   2  
Cash and cash equivalents at beginning of period   46 44   42  
Cash and cash equivalents at end of period 46 40 46   44  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   773 673   649  
Cash paid for (received from) income taxes   (146) (187)   (426)  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   391 317   329  
Equitization of certain notes payable to affiliates   1,047        
Dividend to parent related to a legal entity restructuring   547        
Duke Energy Progress [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent   715 599   566  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   936 907   821  
Equity component of AFUDC   (47) (50)   (47)  
(Gains) losses on sales of other assets   (5) (6)   (7)  
Impairment charges   19 1   5  
Deferred income taxes   384 384   354  
Accrued pension and other post-retirement benefit costs   (20) (32)   (14)  
Contributions to qualified pension plans     (24)   (42)  
Payments for asset retirement obligations   (192) (212)   (109)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions   (4) 4   (3)  
Receivables   (58) (17)   43  
Receivables from affiliated companies   2 11   (6)  
Inventory   59 12   (50)  
Other current assets   (75) 84   185  
Increase (decrease) in [Abstract]            
Accounts payable   (230) 181   (65)  
Accounts payable to affiliated companies   (48) 37   70  
Taxes accrued   (39) 90   (34)  
Other current liabilities   (131) 114   76  
Other assets   (53) (163)   (83)  
Other liabilities   (18) 12   (66)  
Net cash provided by (used in) operating activities   1,195 1,932   1,594  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (1,715) (1,733)   (1,669)  
Asset acquisitions         (1,249)  
Purchases of available-for-sale securities   (1,249) (1,658)   (727)  
Proceeds from sales and maturities of available-for-sale securities   1,207 1,615   672  
Proceeds from insurance   4        
Notes receivable from affiliated companies   165 (165)   237  
Other   (55) 26   (30)  
Net cash used in investing activities   (1,643) (1,915)   (2,766)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   812 505   1,186  
Payments for the redemption of long-term debt   (470) (15)   (991)  
Notes payable to affiliated companies   240 (209)   359  
Capital contribution from parent         626  
Distributions to parent   (124) (300)      
Other   (1) (2)   (2)  
Net cash provided by (used in) financing activities   457 (21)   1,178  
Net (decrease) increase in cash and cash equivalents   9 (4)   6  
Cash and cash equivalents at beginning of period   11 15   9  
Cash and cash equivalents at end of period 11 20 11   15  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   291 248   218  
Cash paid for (received from) income taxes   59 (287)   (197)  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   191 147   143  
Duke Energy Florida [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent   712 551   599  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   570 516   480  
Equity component of AFUDC   (45) (26)   (7)  
(Gains) losses on sales of other assets   (1)        
Impairment charges   138 6   7  
Deferred income taxes   245 224   348  
Accrued pension and other post-retirement benefit costs   (13) 2   5  
Contributions to qualified pension plans     (20)   (40)  
Payments for asset retirement obligations   (56) (58)   (47)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions   5 38   (3)  
Receivables   (38) 23   61  
Receivables from affiliated companies     21   (44)  
Inventory   66 23   (17)  
Other current assets   (125) (133)   116  
Increase (decrease) in [Abstract]            
Accounts payable   (32) 71   (127)  
Accounts payable to affiliated companies   (51) 9   46  
Taxes accrued   1 (117)   67  
Other current liabilities   (37) (149)   57  
Other assets   (229) (84)   (84)  
Other liabilities   (82) (53)   (44)  
Net cash provided by (used in) operating activities   1,028 844   1,373  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (1,437) (1,583)   (1,029)  
Purchases of available-for-sale securities   (557) (485)   (447)  
Proceeds from sales and maturities of available-for-sale securities   617 572   538  
Proceeds from insurance   4 58      
Proceeds from the sale of nuclear fuel   20 20   102  
Notes receivable from affiliated companies   (313)        
Change in Restricted Cash     (6)      
Other   (31) 21   (3)  
Net cash used in investing activities   (1,697) (1,403)   (839)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   1,306 1,870      
Payments for the redemption of long-term debt   (342) (12)   (562)  
Notes payable to affiliated companies   (297) (516)   729  
Dividends to parent         (350)  
Distributions to parent     (775)   (350)  
Other   (1)     (1)  
Net cash provided by (used in) financing activities   666 567   (534)  
Net (decrease) increase in cash and cash equivalents   (3) 8   0  
Cash and cash equivalents at beginning of period   16 8   8  
Cash and cash equivalents at end of period 16 13 16   8  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   274 208   205  
Cash paid for (received from) income taxes   (197) 216   (229)  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   199 170   186  
Duke Energy Ohio [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent   192 228   172  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   265 237   230  
Equity component of AFUDC   (11) (6)   (3)  
(Gains) losses on sales of other assets   (1) (2)   (8)  
Impairment charges   1     40  
Deferred income taxes   90 55   206  
Accrued pension and other post-retirement benefit costs   2 6   9  
Contributions to qualified pension plans   (4) (5)   (8)  
Payments for asset retirement obligations   (7) (5)   (4)  
(Increase) decrease in [Abstract]            
Net realized and unrealized mark-to-market and hedging transactions     (2)   (10)  
Receivables   2 (4)   23  
Receivables from affiliated companies   (4) (36)   23  
Inventory   6 (32)      
Other current assets   (22) 79      
Increase (decrease) in [Abstract]            
Accounts payable   12 19   (1)  
Accounts payable to affiliated companies   (1) 10   (21)  
Taxes accrued   11 3   (21)  
Other current liabilities   (19) (54)   88  
Other assets   (28) (35)   25  
Other liabilities   (5) (31)   (73)  
Net cash provided by (used in) operating activities   479 425   667  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (686) (476)   (399)  
Notes receivable from affiliated companies   80 (94)   145  
Other   (41) (30)   (15)  
Net cash used in investing activities   (647) (600)   (269)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   182 341      
Payments for the redemption of long-term debt   (2) (53)   (157)  
Notes payable to affiliated companies   13 (87)   (95)  
Capital contribution from parent     9      
Dividends to parent   (25) (25)   (150)  
Other   (1) (2)   (2)  
Net cash provided by (used in) financing activities   167 174   (404)  
Net (decrease) increase in cash and cash equivalents   (1) (1)   (6)  
Cash and cash equivalents at beginning of period   13 14   20  
Cash and cash equivalents at end of period 13 12 13   14  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   85 81   76  
Cash paid for (received from) income taxes   (8) (46)   410  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   82 83   20  
Distribution of membership interest of Duke Energy SAM, LLC to parent         1,912  
Duke Energy Indiana [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent   354 381   316  
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel)   462 499   439  
Equity component of AFUDC   (28) (16)   (11)  
(Gains) losses on sales of other assets         (1)  
Impairment charges   18 8   88  
Deferred income taxes   152 213   262  
Accrued pension and other post-retirement benefit costs   2 8   13  
Contributions to qualified pension plans     (9)   (19)  
Payments for asset retirement obligations   (45) (46)   (19)  
(Increase) decrease in [Abstract]            
Receivables   59 (2)   (7)  
Receivables from affiliated companies   (11) (43)   44  
Inventory   54 66   (21)  
Other current assets   28 (67)   90  
Increase (decrease) in [Abstract]            
Accounts payable   (86) 8   33  
Accounts payable to affiliated companies   4 (9)   25  
Taxes accrued   64 (4)   35  
Other current liabilities   (10) (81)   26  
Other assets   (28) (27)   (82)  
Other liabilities   (20) (8)   (35)  
Net cash provided by (used in) operating activities   969 871   1,176  
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures   (840) (755)   (690)  
Purchases of available-for-sale securities   (20) (14)   (9)  
Proceeds from sales and maturities of available-for-sale securities   7 11   11  
Proceeds from the sales of discontinued operations and other assets, net of cash divested       17  
Notes receivable from affiliated companies   86 (3)   (83)  
Other   (65) 32   (17)  
Net cash used in investing activities   (832) (729)   (771)  
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt     494      
Payments for the redemption of long-term debt   (5) (478)   (5)  
Notes payable to affiliated companies   161     (71)  
Dividends to parent         (326)  
Distributions to parent   (300) (149)      
Other   (1) (1)      
Net cash provided by (used in) financing activities   (145) (134)   (402)  
Net (decrease) increase in cash and cash equivalents   (8) 8   3  
Cash and cash equivalents at beginning of period   17 9   6  
Cash and cash equivalents at end of period 17 9 17   9  
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized   179 171   175  
Cash paid for (received from) income taxes   117 (7)   (253)  
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures   125 99   $ 64  
Piedmont Natural Gas [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract]            
Net Income Attributable to Parent 54 139   $ 193   $ 137
Adjustments to reconcile net income to net cash provided by operating activities: [Abstract]            
Depreciation, amortization and accretion (including amortization of nuclear fuel) 25 151   148   140
(Gains) losses on sales of other assets       (133)    
Impairment charges   7        
Deferred income taxes 26 154   74   73
Equity in (earnings) losses of unconsolidated affiliates (2) 6   (29)   (34)
Accrued pension and other post-retirement benefit costs 5 23   3   8
Contributions to qualified pension plans (10) (11)   (14)   (13)
Payments for asset retirement obligations (1)     (6)   (6)
(Increase) decrease in [Abstract]            
Receivables (157) (40)   12   3
Receivables from affiliated companies       (7)    
Inventory (11)     14   16
Other current assets 8 (20)   (98)   46
Increase (decrease) in [Abstract]            
Accounts payable 35 (13)   6   (5)
Accounts payable to affiliated companies 4 5   6    
Taxes accrued (2) (48)   38   4
Other current liabilities 2 (9)   28   (21)
Other assets (7) 7   (107)   (5)
Other liabilities 5 (2)   180   29
Net cash provided by (used in) operating activities (26) 349   308   372
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract]            
Capital expenditures (113) (585)   (522)   (444)
Contributions to equity method investments (12) (12)   (47)   (30)
Proceeds from the sales of other assets       175    
Return of investment capital 1 2   18   2
Other 1 (6)   21   (5)
Net cash used in investing activities (124) (603)   (373)   (479)
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract]            
Proceeds from the issuance of long-term debt   250   295   148
Proceeds from Issuance of Common Stock       122   81
Payments for the redemption of long-term debt   (35)   (40)    
Notes payable and commercial paper 185 (330)   (195)   (15)
Notes payable to affiliated companies   364        
Dividends to parent (27)          
Dividends paid       (114)   (103)
Other   (1)        
Net cash provided by (used in) financing activities 158 248   68   111
Net (decrease) increase in cash and cash equivalents 8 (6)   3   4
Cash and cash equivalents at beginning of period 17 25   14   10
Cash and cash equivalents at end of period 25 19 $ 25 17   14
Supplemental Disclosures [Abstract]            
Cash paid for interest, net of amount capitalized 11 78   81   72
Cash paid for (received from) income taxes   (12)   (25)   3
Significant Non-cash Transactions [Abstract]            
Accrued capital expenditures $ 48 34   $ 63   $ 59
Transfer of ownership interest of certain equity method investees to parent   $ 149